Reserve (RSV) Price Down 0.1% Over Last Week

   2022-07-30 11:07

Reserve (RSV) traded down 0.1% against the dollar during the 1 day period ending at 7:00 AM Eastern on July 30th. During the last seven days, Reserve has traded 0.1% lower against the dollar. Reserve has a market capitalization of $28.75 million and $50,259.00 worth of Reserve was traded on exchanges in the last day. One Reserve coin can now be purchased for approximately $1.00 or 0.00004183 BTC on cryptocurrency exchanges.



Here’s how other cryptocurrencies have performed during the last day:

  • BITCOIN ADDITIONAL (BTCA) traded 0.9% lower against the dollar and now trades at $23,831.95 or 1.00022155 BTC.
  • Binance USD (BUSD) traded up 0.1% against the dollar and now trades at $1.00 or 0.00004197 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Mammoth (MMT) traded 5.3% lower against the dollar and now trades at $1.17 or 0.00004913 BTC.
  • Polygon (MATIC) traded down 3.1% against the dollar and now trades at $0.93 or 0.00003909 BTC.
  • Dai (DAI) traded 0% lower against the dollar and now trades at $1.00 or 0.00004195 BTC.
  • yOUcash (YOUC) traded up 0% against the dollar and now trades at $0.51 or 0.00002146 BTC.
  • FTX Token (FTT) traded 0.8% higher against the dollar and now trades at $31.16 or 0.00130777 BTC.
  • Chainlink (LINK) traded up 0.6% against the dollar and now trades at $7.78 or 0.00032663 BTC.
  • Magic Internet Money (MIM) traded down 0.2% against the dollar and now trades at $1.00 or 0.00004184 BTC.

Reserve Coin Profile

Reserve is a coin. It was first traded on October 6th, 2019. Reserve’s total supply is 28,850,667 coins. The Reddit community for Reserve is https://reddit.com/r/reserveprotocol and the currency’s Github account can be viewed here. The official website for Reserve is reserve.org. Reserve’s official Twitter account is @reserveprotocol and its Facebook page is accessible here.

According to CryptoCompare, “The Reserve and the Reserve Rights token are both mintable, burnable, ERC-20 tokens. The Reserve token will have a variable transfer fee, initially set to 0%.6 The Reserve Rights token helps keep Reserve backed at 100% and is involved in governance. The Reserve Manager is in charge of manipulating the supply of Reserve to keep its price stable at $1. Whenever the market price of Reserve falls below $1, the Reserve Manager will buy Reserves at the market price using Vault assets and burn them. These trades are executed through the Auctioneer with a maximum price and maximum quantity. In preparation for the self-custody version of their app, Reservewill be forking the RSV contract to add support for meta transactions. In conjunction with the addition of the Reserve Relayer, this will enable future app users to make on-chain RSV payments without the requirement of ether. This fork occured on July 20th. If you are an RSV holder, your funds are safe — exchanges and wallets will be updating to the new contract address. Metamask users will only need to add the new contract address. This has no effect on RSR, which is retaining the same contract address. “

Reserve Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Reserve directly using US dollars. Investors seeking to acquire Reserve should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Reserve using one of the aforementioned exchanges.



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