RSV
The Reserve and the Reserve Rights token are both mintable, burnable, ERC-20 tokens. The Reserve token will have a variable transfer fee, initially set to 0%.6 The Reserve Rights token helps keep Reserve backed at 100% and is involved in governance.
The Reserve Manager is in charge of manipulating the supply of Reserve to keep its price stable at $1.
Whenever the market price of Reserve falls below $1, the Reserve Manager will buy Reserves at the market price using Vault assets and burn them. These trades are executed through the Auctioneer with a maximum price and maximum quantity.
Full Name | Reserve (RSV) |
---|---|
Start Date | 2019-06-10 |
Algorithm | ETH Token |
Proof Type | N/A |
Website | https://reserve.org/ |
@reserveprotocol | |
N/A | |
N/A | |
Block Number | N/A |
Block Time | N/A |
Block Reward | N/A |
Total Coins Mined | 28,850,667 RSV |
Previous Total Coins Mined | N/A |
Net Hashes Per Second | N/A |