Reserve Rights Token to Be Listed on Websea
Websea will list Reserve Rights Token (RSR) on June 28th.
Refer to the official tweet by RSR:
Websea.com@webseaofficialGiu 28, 2024🥳 Websea New Listing$RSR will be listed on our spot section! @reserveprotocol
⏰Deposit now available
⏰Trading opening time: June 28, 17:00 (GMT+8)
👉 Let’s trade: https://t.co/BzoXIHJWOo
🔍Details: https://t.co/ilOt5WIYkq#Websea #Web3Â #listing pic.twitter.com/DKhb6MWgy5
RSR Info
Reserve Rights is a stablecoin platform consisting of two tokens, including the Reserve Stablecoin (RSV), which is a value-backed coin, and the Reserve Rights Token (RSR).
The Reserve Rights Token (RSR) is used to maintain the stability of the RSV token. When the price of RSV deviates from the $1 peg, the protocol’s algorithms automatically utilize RSR to buy or sell RSV on the open market until its price is restored to the $1 level.
Therefore, the RSR token plays a crucial role in maintaining the stability of RSV and ensuring its liquidity. RSR holders can also participate in protocol governance and vote on matters related to its development and improvement.