Review on Reserve Rights by Murat Mircalı
Review on Reserve Rights
Reserve; It is a stable, universal currency and virtual payment system for people, companies and projects in residential areas with high cost of living.
Price changes in existing cryptocurrencies significantly reduce their usage rate. The Reserve Protocol has developed a decentralized stablecoin mechanics to meet many needs. This mechanism strikes a very good balance between stability and profitability while supporting random increases or decreases in the amount of coins requested. (RSV price will be fixed at $ 1 in both bullish and bearish).
The Reserve protocol sells, buys or destroys the RSV when needed to avoid supply related problems in the cycle.
Because of these approaches, I think Reserve is the economic cornerstone of the blockchain world and a reliable project and alternative to money because my site is flawless.
In my experience, the project makers believe that an ideal cryptocurrency in the next century will become a decentralized, completely unrelated stablecoin to the dollar, and will change the economic values of nations all over the world by one amount.
I have to say that there are 2 coins in this project;
Reserve token (RSV): In my opinion, a stable currency with a strong infrastructure that can be adjusted. It is not a central, fully (asset) funded coin, funded by major investors in Silicon Valley.
Reserve Rights token (RSR): It allowed us to exchange money across borders in a convenient way. I was really happy to experience this because low wages were received.
I know that the Reserve team consists of important people. Matt Elder and Nevin Freeman caught my attention because I know both of them have a good background, thanks to these two guys, I felt safe while using the coin.
There are very solid investors in the project (36) (Coinbase Ventures, Peter Thiel, Crypto Lotus ...)
Generally speaking, this project gives me a lot of confidence. The helpers in the project are really many and good people.
Pros
- There is a large team of 17 people. As far as I can see, they are experts and experienced in their fields.
- There are 36 investors. This is quite a shocking situation
- Excellent project with luxury financial backing
- Full support to countries facing hyperinflation
- The project has its own wallet - payment is also possible on mobile
Cons
- Token has low price
