What is the reserve rights token?

About Reserve Rights. The Reserve protocol comprises two tokens: the Reserve token (RSV - a decentralized stablecoin) and the Reserve Rights token (RSR - a cryptocurrency used to facilitate the stability of the Reserve token and confers the cryptographic right to purchase excess Reserve tokens as the network grows).

What are reserve rights (RSR)?

Besides being the governance token for Reserve stablecoins (RTokens), by which changes to RTokens can be proposed & voted for with RSR, Reserve Rights exists as a backstop to make Reserve stablecoin (RToken) holders whole in the unlikely event of a collateral token default.

Who owns reserve rights?

Reserve Rights was founded by Matt Elder and Nevin Freeman, two Silicon Valley-based entrepreneurs. Nevin Freemen is currently the CEO of Reserve and his life goal is to tackle global problems that affect humanity and stop it from reaching its potential.

What is the reserve protocol token (RSR)?

The second token in the ecosystem is the Reserve Rights Token (RSR). This token has two primary functions in the Reserve Protocol: It is a utility token, allowing holders to vote on governance proposals. It will help keep the RSV value at its target price of $1. Unlike the stablecoin RSV the RSR token is volatile.