Seems like it's headed up, is this an actual good coin to get into?
Reserve rights?
Kevin Foster
Other urls found in this thread:
walletinvestor.com
twitter.com
Joshua Sullivan
>He doesn't know
Zachary Moore
i'm all in desu. there are hardly any player in the stable coin market.
Asher Phillips
Perhaps I was being a bit untruthful. I'm already in, but I want to know more about the coin.
Gavin Thomas
RSR/RSV is a system that uses multiple tokens to keep one token stable. RSR is used for arbitrage in this system and price projections range from $1-$10.
RSV will be the next generation stable coin backed by multiple currencies and supported by Coinbase.
Early investors include Coinbase Ventures, Peter Thiel, Sam Altman, Digital Currency Group, Crypto Lotus, Refactor Capital, Jack Selby(Paypal founder), Distributed Global and many more.
As for Coinbase? Everyone knows they list what Digital Currency Group tells them to.^^
They have former SEC commissioner on their board.
8 billion RSR will be burnt to back RSV during the launch cycle so RSR is deflationary.
Mark Carney, the current governor of the Bank of England specifally identified the dollar's status as the world's reserve as something that needs to be replaced by a form of digital currency similar to Facebook Libra, believing that would be a better option than letting another fiat currency like the renminbi replace the dollar.
Their mobile app is releasing next month and will be testing in hyperinflationary environment.
Coinbase Ventures are EQUITY investors/owners, making it clear that RSV/RSR is going to be the first next-generation stable coin system listed on Coinbase.
The whitepaper suggests anywhere from $1-$10 but we won't know for a while yet.
>what blockchain does it have/use?
RSR and RSV will exist on Ethereum first, but are designed to work across multiple chains the way FTM is on Binance and Ethereum. This seems like the next thing. Multichain token projects. If Ethereum goes south then it will just burn tokens on that chain and move them to Harmony, Cardano etc.
Unironically supported by the moguls of Silicon Valley (Paypal, Coinbase, Palantir, DGC).
Lucas Hernandez
Ah backed by coinbase, but when is it going to be in coinbase proper? Seems pretty weird that they wont add it to the list of coins you can buy on sell on their app. despite having backed it.
Nicholas Barnes
Just picked up 1.1 mil, just wanted to confirm some upward movement before committing.
All in with 2+ mil RSR
Logan Collins
also seems to be up 10% since the bottom. Pretty significant
Jackson Torres
Nice. I mean getting in at 1/4 of a cent feels pretty effing comfy.
John Lewis
So stoked for Reserve but I wish they'd fucking launch aleeady