Description
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.
Reference information below may originate from historical third-party records. Network statistics and external links are not verified as live; confirm current values independently.
| Full Name |
Reserve (RSV) |
| Start Date |
2019-06-10 |
| Algorithm |
ETH Token |
| Proof Type |
N/A |
| Website |
reserve.org/
|
| Twitter |
@reserveprotocol
|
| Facebook |
N/A |
| Reddit |
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 |