Review on Reserve Rights by francis fernandez
Reserve Rights: a digital currency that seeks to maintain a stable value to be massively adopted as a substitute for fiat money
Reserve Rights is a platform that puts into operation the interaction of two tokens: Reserve token and Reserve Rights token (RSV token and RSR token) to maintain the value of the main RSV currency and create a digital exchange system for trading of the excesses of the reserve token. In other words, the RSR digital currency acts as a price regulator for the RSV token.
The mission of its founders is to achieve universal adoption of cryptocurrency as a replacement mechanism for FIAT money.
Token:
The Reserve Rights infrastructure connects with two tokens:
1-Reserve Token-RSV: A digital asset of stable value and decentralized operation.
2-Reserve Rights Token-RSR: A digital currency that is used to maintain the balance of the reserve token and grants its holder the privilege of opting for the right to acquire the excess reserve token when the network increases. This coin has a total supply of 100,000,000,000 RSR.
Technology:
The Reserve Rights network uses smart contract-based technology to maintain the stability of the RSV token through adjustments made through the RSR token. Utilities:
It allows its holders to transfer digital money without barriers.
It allows organizations to use a stable currency as a means of payment to cover debts with international suppliers.
It is used to receive payments from international organizations without risk of exchange loss.
Facilitates the conversion of volatile value currencies to FIAT money.
Pros
- It is a digital currency that allows its holders to buy, store and spend digital US dollars easily by accessing the application
- It allows its holders to hedge their assets against inflation as they are represented by a stable value currency.
- Converts assets of unstable value to fiat money through a decentralized and secure network.
- Allows you to receive payments in stable currency from anywhere.
Cons
- The main asset of the platform currently has an unstable and very low value.
