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About Reserve Rights
Disclosures
Reserve Rights risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Reserve Rights. All crypto assets are risky, there are general risks in investing in Reserve Rights. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
DeFi tokens
Decentralised Finance ("DeFi") tokens are crypto assets built on decentralised blockchain technology for financial applications or protocols. Risks linked to DeFi tokens include:
Enterprise Risk
Interactions between multiple DeFi protocols create a situation where a vulnerability or breakdown in one protocol can trigger a cascading effect, affecting other interconnected platforms.
Technology Risk
DeFi protocols frequently depend on external data sources or oracles, and any tampering or inaccuracies in these data streams can result in a lack of trust and reliability in the protocols.
Regulatory Risk
Governments and regulatory bodies around the world can introduce new regulations or ban certain aspects of the cryptocurrency market, affecting its legality and viability, which could affect token liquidity and/or value.
Legal Risk
Certain tokens may be used for operating a decentralised exchange platform which may contain additional risks:
- The platform may allow users to participate who have not been vetted or verified and therefore expose the possibility that users are interacting with sanctioned entities.
- The platform may be accessible in jurisdictions where some or all the exchange activity should be regulated. If a local regulator deemed the platform activity to be in breach of local regulation, they may request cessation or termination of the service which could affect token liquidity and/or value.
Market Risk
Given their novelty, the evolving technology involved and lack traditional asset structure, valuing crypto assets can be very difficult or impossible. This means valuations are determined by demand that is at risk of manipulation in various ways.
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Reserve Rights FAQ
Reserve Rights is a decentralized protocol for asset-backed stablecoins, characterized by the tandem presence of two tokens: Reserve Rights stablecoins (RSV) and Reserve Rights (RSR). The RSR token acquires prominence through its role in overcollateralizing the Reserve stablecoins. Beyond this, it shoulders a pivotal function in the protocol's governance, empowering holders to actively partake in the decision-making process by voting on proposals and advocating for protocol alterations.
The main benefit of holding RSR is that holders are able stake the token in order to Reserve stablecoin pools. In return, participants receive APY based on the amount of tokens they stake.
Easily buy RSR tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include RSR/USDT. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Cardano (ADA), for RSR with zero fees and no price slippage by using OKX Convert.
Dive deeper into Reserve Rights
One of the most important types of cryptocurrency is called a stablecoin. As the name suggests, stablecoins are resistant to volatility that troubles other digital currencies. This comes from the fact that they are backed by other assets of value. Their price is pegged to fiat currencies, with the USD being the most common.
However, one problem with stablecoins is that they are mostly centralized. Their supply is controlled by a company, like Tether in case of USDT, or Circle in case of USDC. Over the years, the crypto industry attempted to make an alternative form of stablecoin that would be decentralized and censorship-resistant. This led to the creation of RTokens, and Reserve Rights (RSR).
What is Reserve Rights?
Reserve Rights stands as a decentralized protocol for asset-backed stablecoins. Operating with a dual-token system, it aims to craft stablecoins that are resistant to censorship. The primary stablecoin, RSV, constitutes the initial crypto token, while the second, RSR, functions as an ERC-20 token, fulfilling dual roles. Notably, RSR operates as a governance token, enabling holders to propose and vote on protocol alterations. Additionally, RSR is pivotal for over-collateralization for the protocol's stablecoin, RSV.
The Reserve Rights team
Matt Elder and Nevin Freeman co-founded Reserve Rights. Elder, who previously worked at Google and Quixey, now serves as Reserve's CTO, bringing his wealth of engineering expertise to the project. A seasoned entrepreneur, Freeman leads the team as the CEO, spearheading Reserve's vision. The project, launched in 2019, has witnessed significant growth under their guidance. The Reserve team has expanded to include over 200 talented individuals, including developers, engineers, legal experts, and compliance staff.
RSR: Reserve Rights’ native token
The native cryptocurrency of Reserve Rights is known as the RSR token. It was introduced in May 2019, with an initial launch price of $0.005. The project's team pre-mined a total supply of 100 billion units. Currently, the circulating supply of RSR tokens stands at 50.6 billion.
How does Reserve Rights work?
The project’s RSR token is used as overcollateralization of Reserve stablecoins via staking and governance. Therefore, RSR exists as a backstop to make Reserve stablecoin holders whole in the unlikely event of a collateral token default. The only way for RSR holders to provide this overcollateralization, is by staking their tokens on Reserve stablecoin staking pools. In return, stakers are rewarded based on the revenue distribution of the protocol. Besides from that, RSR is used as the Reserve Rights governance token. Therefore RSR holders can vote and propose changes within the protocol.
RSR token use cases
The RSR token serves a dual purpose, offering users opportunities for staking and governance participation. Users wield the capability to suggest modifications and vote on proposals advanced by fellow users. Moreover, RSR tokens can be staked, playing a role in overcollateralizing Reserve Rights' stablecoins, thereby allowing holders to garner an annual percentage yield (APY) linked to their staked quantity. Additionally, the token can be seamlessly traded on the open market, opening up opportunities for exchange.
RSR token distribution
Reserve Rights allocated its tokens as follows:
- 49.4 percent of the total supply was locked in a smart contract called the "Slow Wallet" for gradual release.
- 3 percent was allocated to Huobi Prime's initial exchange offering (IEO) participants.
- 2.85 percent was reserved for the project.
- 1 percent was distributed to private investors.
- 43.75 percent of the tokens were released into circulation.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.