Reserve Rights (RSR), the native token of Reserve Protocol, has rallied 33% in the past 24 hours as the mainnet launch nears. The token was trading at $0.007756 at press time.
The mainnet launch is expected to take place in October this year with five audits already completed so far.
To help traders who want to take advantage of the current Reserve Rights price surge ahead of the mainnet launch, Coinjournal has prepared this brief guide on where to buy the RSR token.
To find out more, please continue reading.
Where to buy RSR cryptocurrency
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.
Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods.
Users can benefit from a beginner-friendly interface and relatively low fees.
What is Reserve Rights cryptocurrency?
Reserve Rights (RSR) cryptocurrency is a native token of the Reserve Protocol, which is a pool of stablecoins. It was launched in May 2019 after a successful Initial Exchange Offering (IEO) on the Huobi Prime platform.
The Reserve Protocol is designed to reduce risk through diversification and decentralized governance.
The RSR token is an ERC token and it is used for insuring Reserve stablecoins (RTokens) on the Reserve Protocol through staking and for governing the Reserve Protocol pools through proposing and voting on changes to be effected on the pool configurations.
RSR stakers receive a staking reward for providing insurance to RTokens.
Should I buy RSR today?
RSR could be a good buy now that its price is rallying ahead of its mainnet launch, which is expected to trigger a further upward movement.
However, the cryptocurrency market is an extremely volatile market and it can be very unpredictable at times. Therefore, it is important to proceed with caution.
Reserve Rights price prediction
Analysts expect RSR to maintain the current bullish trend, which they predict will gather momentum after the Reserve Rights mainnet launch, scheduled for October.
Reserve Rights social media trends
1/4 Reserve Protocol is delighted to announce the next chapter.
With five audits completed / near completion, the deployment of the full protocol begins in October 🎉
We invite you all to our launch event in Bogotá to hear all about it. pic.twitter.com/8quSFQFwph
— Reserve (@reserveprotocol) September 20, 2022