Reserve Rights or RSR The fluctuating protocol token that plays a role in stabilizing RSV and confers the cryptographic right to purchase excess Reserve tokens as the network grows. It is a utility token, allowing holders to vote on governance proposals. There are three primary functions of the RSV token. The first one is to preserve savings against hyperinflation. The second one is to facilitate cheap remittance between countries and the third one is to enable a more reliable and robust merchant ecosystem in developing countries. The RSV is meant to maintain parity with the U.S. dollar for the time being, but will eventually maintain a static value determined by the token itself. It is already included in the Reserve Protocol app that is being used in Venezuela, Columbia, and Argentina. The RSV is designed to be fully-collateral backed, with the collateral being held in the Reserve Vault. The Vault is a smart contract used to pool and hold the assets that collateralize the RSV token.
Original author – Nevin Freeman
Initial release – May 2019
Development status – Active
Website – reserve.org