Cryptocurrency Q&A
What is the RSR coin?
What is the RSR coin?
PearlWhisper
Mon Nov 18 2024
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5 answers
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RSR coin is part of the Reserve Rights dual-token platform, aiming to create a stable and distributed digital payment system. RSR, as the utility token, maintains the stability of Reserve (RSV) coin, which is pegged to the US dollar. RSR holders can vote on governance proposals and influence the future of the Reserve Rights ecosystem.
5 answers
Maria
Tue Nov 19 2024
Staking RSR allows users to provide collateral that supports the issuance of stablecoins, ensuring their stability and trustworthiness.
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SunlitMystery
Tue Nov 19 2024
Additionally, RSR plays a crucial role in the governance of these tokens. Holders can propose and vote on changes to the configuration of RTokens.
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BlockchainWizard
Tue Nov 19 2024
Reserve Rights (RSR) is an ERC-20 token integral to the Reserve Protocol.
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Dario
Tue Nov 19 2024
This token was introduced in May 2019 and holds significant importance in the functioning of the Reserve Protocol.
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Dario
Tue Nov 19 2024
RSR serves a dual purpose within the Reserve ecosystem. Firstly, it is used for overcollateralization of Reserve stablecoins, known as RTokens.
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