Review on Reserve Rights by Toprak Dere
About Reserve Rights
Thanks to the Reserve platform, users in countries with high inflation can minimize their inflation risk by converting their traditional currencies into stablecoins. In other words, the Reserve platform offers its users the opportunity to preserve the value of their money. In addition, according to the platform's explanations, cross-border money transfer transactions can be made with Reserve at a very affordable cost. In this way, users can make all kinds of cross-border payments at low fees that cannot be encountered in traditional currencies.
There are two types of tokens on the platform. The first of these, the Reserve token (RSV), is the economically and legally sound stablecoin at all scales. Decentralized and 100% supported, RSB is financed by Silicon valley investors. The second, Reserve Rights token (RSR), in general, ensures stable RSV and has volatile price movements for this. In addition, RSR also provides cryptographic rights to users to purchase additional RSV tokens as the network grows.
In addition, the platform aims to build a universal value store with the RSR coin. Believing that everyone's money should be safe, Reserve thinks that billions of people around the world have no safe place to hide their money. Also, the project believes that anyone in the world should be able to transact with any other person. So the Reserve project aims to solve both of these problems with a stable, decentralized currency that is distributed globally without anyone's control and therefore cannot be abused by a government because it is nearly impossible to close.
Pros
- their requests for solutions to inflation problems are admirable
- Good community and team is professional with good background
Cons
- The road map is not clear, the project must be developed and supported.
