Reserve (RSV) Market Cap Hits $28.76 Million

Reserve (RSV) traded down 0.1% against the US dollar during the 24-hour period ending at 10:00 AM ET on August 6th. Over the last week, Reserve has traded up 0% against the US dollar. Reserve has a market capitalization of $28.76 million and $36,640.00 worth of Reserve was traded on exchanges in the last day. One Reserve coin can currently be bought for $1.00 or 0.00004295 BTC on cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

  • BITCOIN ADDITIONAL (BTCA) traded 0% lower against the dollar and now trades at $23,215.09 or 1.00000000 BTC.
  • Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00004306 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00004305 BTC.
  • Polygon (MATIC) traded 0% higher against the dollar and now trades at $0.92 or 0.00003966 BTC.
  • Mammoth (MMT) traded up 0.4% against the dollar and now trades at $0.84 or 0.00003639 BTC.
  • yOUcash (YOUC) traded up 0% against the dollar and now trades at $0.51 or 0.00002202 BTC.
  • FTX Token (FTT) traded up 1.2% against the dollar and now trades at $30.73 or 0.00132372 BTC.
  • Chainlink (LINK) traded up 1.2% against the dollar and now trades at $7.93 or 0.00034137 BTC.
  • Geegoopuzzle (GGP) traded up 6.1% against the dollar and now trades at $16.03 or 0.00069059 BTC.

Reserve Coin Profile

Reserve is a coin. Its launch date was October 6th, 2019. Reserve’s total supply is 28,850,667 coins. Reserve’s official Twitter account is @reserveprotocol and its Facebook page is accessible here. Reserve’s official website is reserve.org. The Reddit community for Reserve is https://reddit.com/r/reserveprotocol and the currency’s Github account can be viewed 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 currently possible to buy alternative cryptocurrencies such as Reserve directly using US dollars. Investors seeking to acquire Reserve should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Reserve using one of the exchanges listed above.

Receive News & Updates for Reserve Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Reserve and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.