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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: Reserve Protocol on October 17, 2019, 11:59:49 AM



Title: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: Reserve Protocol on October 17, 2019, 11:59:49 AM
Website  (https://reserve.org/)| Twitter (https://twitter.com/reserveprotocol)| GitHub (https://github.com/reserve-protocol) | Reddit (https://www.reddit.com/r/ReserveProtocol/) | YouTube (https://www.youtube.com/channel/UCnRo3DExogUR28iJV39lhFA) | Telegram (https://t.me/reservecurrency) | Medium (https://medium.com/reserve-currency) | Whitepaper (https://reserve.org/whitepaper.pdf)


Reserve Protocol: Stable Decentralized Asset Backed Currency


We believe that everyone’s money should be secure. Billions of people around the world don't have a safe place to store their money. Banks in some countries can't be trusted, and some governments inflate their own currency to pay off debts, hurting citizens in the process.With a few exceptions (e.g. money laundering, terrorist financing), we believe anyone in the world should be able to transact with anyone else. This requires low-friction, cross-border transactions, which are hard to do with our existing financial systems.

Reserve project aims to solve both of these problems with a stable, decentralized currency that can’t be abused by a government because it is globally distributed outside of anyone’s control, and thus nearly impossible to shut down.

https://i.ibb.co/j4qZDxc/Screen-Shot-2019-10-17-at-12-43-27-PM.png
 (https://www.youtube.com/watch?v=jydF88bwXco)

The volatility of existing cryptocurrencies significantly reduces their usefulness. A cryptocurrency with stable value would permit much wider usage as a stable store of value, medium of exchange, and standard of deferred payment. Demand for a short-term and long-term stable cryptocurrency is obvious.

Reserve Protocol is a decentralized stablecoin system that scales supply with demand and is built to maintain 100% or more on-chain collateral backing. This design strikes a careful balance between stability, decentralization, and profitability while supporting arbitrary increases or decreases in demand.

For more information about the protocol read our Whitepaper (https://reserve.org/whitepaper.pdf) or visit our Website (https://reserve.org/protocol).


Tokens

The Reserve Protocol interacts with three kinds of tokens:

1. The Reserve token ($RSV) — a stable cryptocurrency that can be held and spent the way we use US dollars and other stable fiat money. It is a decentralized, 100% asset-backed stablecoin. Etherscan Link.  (https://etherscan.io/token/0x1C5857e110CD8411054660F60B5De6a6958CfAE2)

2. The Reserve Rights token ($RSR) — a cryptocurrency and protocol token used to facilitate the stability of the Reserve token. When the $RSV token is trading above $1.00, any excess $RSV tokens in this pool can be purchased from the Reserve smart contract. Purchases are made with $RSR, and only available to $RSR token holders. Once the purchase is made, the $RSR tokens are burned.  Reserve estimates that about 2-5% of the USD value of the RSV in circulation will be burned in $RSR per year. This comes from estimates about $RSV velocity (for the transaction fees) and average collateral token appreciation rates (for thinks like tokenized treasury bills). Etherscan Link.  (https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8)

3. Collateral tokens — other assets that are held by the Reserve smart contract in order to back the value of the Reserve token, similar to when the US government used to back the US dollar with gold. The protocol is designed to hold collateral tokens worth at least 100% of the value of all Reserve tokens. Many of the collateral tokens will be tokenized real-world assets such as tokenized bonds, property, and commodities. The portfolio will start off relatively simple and diversify over time as more asset classes are tokenized.


Protocol

The Reserve Protocol holds the collateral tokens that back the Reserve token. When new Reserves are sold on the market, the assets used by market participants to purchase the new Reserves are held as collateral. This process keeps the Reserve collateralized at a 1:1 ratio even as supply increases.

Suppose the redemption price of Reserve is $1.00. If the price of Reserve on the open market is $0.98, arbitrageurs will be incentivized to buy it up and redeem it with the Reserve smart contract for $1.00 worth of collateral tokens. They'll continue buying on open markets until there is no more money to be made, which is when the market price matches the redemption price of $1.00.

The same mechanism works in reverse when demand goes up. If the price of Reserve on the open market is $1.02, arbitrageurs will be incentivized to purchase newly minted Reserve tokens for $1.00 worth of either collateral or Reserve Rights tokens (the latter only if there is an excess pool of Reserve tokens available), and immediately sell them on the open market. They'll continue selling on open markets until there is no more money to be made, which is when the market price matches the purchase price of $1.00.

There are three planned phases of the Reserve network:

A - the centralized phase — where Reserve is backed by a small number of collateral tokens, each of which is a tokenized US dollar.
B - the decentralized phase — where Reserve is backed by a changing basket of assets in a decentralized way, but still stabilized in price with respect to the US dollar.
C - the independent phase — where Reserve is no longer pegged to the US dollar, with the intent of stabilizing its real purchasing power regardless of fluctuations in the value of the dollar.

Watch how the CEO, Nevin Freeman, explains the protocol at the London Business School

https://i.ibb.co/vX2r0CJ/Screen-Shot-2019-10-17-at-7-39-33-PM.png
 (https://www.youtube.com/watch?v=gHbkgM-KPLY)





Roadmap
https://assets.website-files.com/5c0649fb67dd7b3627d59953/5d3554186b1d5cbd4223a746_Longer-timeline.png

Core Team

Nevin Freeman (https://www.linkedin.com/in/nevinfreeman/)- Co-Founder and CEO
Matt Elder (https://www.linkedin.com/in/eldermatt/) - Co-Founder and CTO
Miguel Morel (https://www.linkedin.com/in/miguel-morel/) - Co-Founder (https://www.linkedin.com/in/miguel-morel/)
Charlie Smith (https://www.linkedin.com/in/charliebsmith/) - Head of Business Development (https://www.linkedin.com/in/charliebsmith/)
Jesper Ostman (https://www.linkedin.com/in/jesper-%C3%B6stman-b1294881/) - Protocol Development
Cathleen Kilgallen (https://www.linkedin.com/in/cathleen-kilgallen-1022981b/)- Chief of Staff
Taylor Brent  (https://www.linkedin.com/in/twbrent/)- Lead Protocol Engineer


Advisors


Notable Investors

https://i.ibb.co/WHFYnBr/New-Project-9.png (https://reserve.org/investors)


Exchanges

https://i.ibb.co/7GwzPL2/Idex-Exchange-1.png
 (http://[url=https://idex.market/eth/rsr)https://i.ibb.co/FWQr8MW/2f5ad8a80af764fe69f722cdda29e15779105b83.png
 (http://[url=https://www.hbg.com/en-us/exchange/rsr_usdt/)



Want to learn more?
VISIT OUR WEBSITE FOR MORE INFO
 (https://reserve.org/)

Website  (https://reserve.org/)| Twitter (https://twitter.com/reserveprotocol)| GitHub (https://github.com/reserve-protocol) | Reddit (https://www.reddit.com/r/ReserveProtocol/) | YouTube (https://www.youtube.com/channel/UCnRo3DExogUR28iJV39lhFA) | Telegram (https://t.me/reservecurrency) | Medium (https://medium.com/reserve-currency) | Whitepaper (https://reserve.org/whitepaper.pdf)


Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: Reserve Protocol on October 17, 2019, 12:02:27 PM
Reserve Protocol is building the most accessible, economically strong, and most robust-to-attack currency that can:

(1) scale to global use
,
(2) maintain stable purchasing power, and
(3) NOT be shut down.



Reserve App that is now available in Venezuela
and allows users to transfer Bolivar to RSV and use it for purchases and transfer.



      Recent News:

      ◘ Tech Update: RSV V2 Live! (https://medium.com/reserve-currency/reserve-beta-launch-86855468d506)
      ◘ Q3 Update on the Reserve App (https://medium.com/reserve-currency/q3-update-on-the-reserve-app-4c6f37634a0a)
      ◘ Recap of the AMA with Chainlink  (https://medium.com/reserve-currency/reserve-protocol-ama-with-chainlink-recap-92413f45e08a)
      ◘ Reserve Protocol Tech Update: August (https://medium.com/reserve-currency/reserve-protocol-tech-update-august-40075840bd9c)

      Other Articles and Partnerships:

      ◘ Reserve Protocol Community AMA  (https://medium.com/reserve-currency/reserve-protocol-community-ama-9d18894eac41)
      ◘ Updated Roadmap (https://medium.com/reserve-currency/update-to-the-reserve-roadmap-eab8dbfd9b0e)
      ◘ Apply Here to become a Reserve Citizen (https://docs.google.com/forms/d/e/1FAIpQLScnMcrplx-pcaKJV7yF2nMzddlmq14o3pRd9-XEHhMZvZbFUA/viewform)
      ◘ Chainlink Partnership (https://medium.com/reserve-currency/reserve-partners-with-chainlink-to-bolster-the-future-of-decentralized-stablecoins-5d486f37e92b)
      ◘ 7 Mobile Partnership (https://medium.com/reserve-currency/reserve-finds-a-staunch-ally-in-7mobile-ceo-alex-thomson-payan-d63538030a5d)
      ◘ Luke Nosek speaks to Nevin Freeman about Reserve and the original vision of PayPal - Davos 2019 (https://www.youtube.com/watch?v=hOeOzhOxeMU)

      Behind the Stablecoin - Meet the team members

      ➡️ Charlie Smith - Head of Business Development (https://medium.com/reserve-currency/behind-the-stablecoin-charlie-smith-3c0bd8a94a50)



Want to learn more?
VISIT OUR WEBSITE FOR MORE INFO
 (https://reserve.org/)

Website  (https://reserve.org/)| Twitter (https://twitter.com/reserveprotocol)| GitHub (https://github.com/reserve-protocol) | Reddit (https://www.reddit.com/r/ReserveProtocol/) | YouTube (https://www.youtube.com/channel/UCnRo3DExogUR28iJV39lhFA) | Telegram (https://t.me/reservecurrency) | Medium (https://medium.com/reserve-currency) | Whitepaper (https://reserve.org/whitepaper.pdf)


Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: Zebedee23 on October 17, 2019, 12:59:35 PM
Excellent we finally got a Reserve thread!! :)

I had some BBCODE forum sigs made for Senior & Hero/Legendary,

Code:
Legendary / Hero Member
 
[center][table][tr][td][center][size=2pt][url=https://reserve.org][font=monospace][color=#000]▄▄▄███████▄▄▄
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[td][center][size=12pt][url=https://bitcointalk.org/index.php?topic=5193710.msg52788047#msg52788047][font=Arial Black][b][glow=#000,2][color=transparent].[color=#FFF]Stable Decentralized[/color].
....[color=#FFF]Digital Currency[/color]....[/td]
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[td][size=23pt][font=Arial Black][b][url=https://www.hbg.com/en-us/exchange/rsr_usdt/][glow=#000,2][color=transparent].[color=#FFF]Reserve Your Rights[/color].[/td][/tr][/table][/center]
 
Sr Member
 
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[td][center][size=12pt][url=https://bitcointalk.org/index.php?topic=5193710.msg52788047#msg52788047][font=Arial Black][b][color=transparent].[color=#000]Stable Decentralized[/color].
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[td][size=23pt][font=Arial Black][b][url=https://www.hbg.com/en-us/exchange/rsr_usdt/][color=transparent][size=10pt].[/size][color=#000]Reserve Your Rights[/color].[/td][/tr][/table][/center]



Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: Zebedee23 on October 21, 2019, 02:06:55 PM
If you are in Venezuala and using the Reserve App pls see https://bitcointalk.org/index.php?topic=5191998.msg52722202#msg52722202 for opportunity to win 35,000 RSR


Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: OneNattyLitecoin on November 06, 2019, 11:47:43 PM
I’m astounded this project doesn’t have more eyes on it. Aside from the project directly servicing at risk economies, it has a built in arbitrage opportunities for whales and the team to have self sustaining cash flow. It will also be backed multiple stores of value in a decentralized fashion, with an attractive mint/burn mechanism for supply control.

Peace be upon the Reserve Protocol.

Remember where you were when you read this post.


https://i.imgur.com/wvxvU52.jpg

Quote
If RSV is large enough and circulating fast enough, then the project can partcicipate in RSR-powered arbitrage pro-rata and maintain the same fraction of ownership of RSR over time, without selling any RSR on the open market. Let me explain with an example. Say that there are 20M RSV from fees and colalteral appreciation in a given year, and say that the project holds 50% of RSR in that year. The 20M RSV would lead to about $20M in RSR being paid to the smart contract and burnt, in exchage for the 20M RSV. So if the project participated pro-rata that would mean it would have traded in about $10M in RSR for 10M RSV. But it would still hold 50% of RSR at the end of the year, as twice that much would have been burnt. Thus the project would have 10M RSV in revenue while still holding the same fraction of RSR, and not selling any RSR on the open maket. Until we reach a state where the numbers will add up this way, the project will sometimes sell RSR in order to pay for expenses.


Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: Zebedee23 on November 07, 2019, 12:19:05 AM
I’m astounded this project doesn’t have more eyes on it. Aside from the project directly servicing at risk economies, it has a built in arbitrage opportunities for whales and the team to have self sustaining cash flow. It will also be backed multiple stores of value in a decentralized fashion, with an attractive mint/burn mechanism for supply control.

Peace be upon the Reserve Protocol.

Remember where you were when you read this post.


https://i.imgur.com/wvxvU52.jpg

Quote
If RSV is large enough and circulating fast enough, then the project can partcicipate in RSR-powered arbitrage pro-rata and maintain the same fraction of ownership of RSR over time, without selling any RSR on the open market. Let me explain with an example. Say that there are 20M RSV from fees and colalteral appreciation in a given year, and say that the project holds 50% of RSR in that year. The 20M RSV would lead to about $20M in RSR being paid to the smart contract and burnt, in exchage for the 20M RSV. So if the project participated pro-rata that would mean it would have traded in about $10M in RSR for 10M RSV. But it would still hold 50% of RSR at the end of the year, as twice that much would have been burnt. Thus the project would have 10M RSV in revenue while still holding the same fraction of RSR, and not selling any RSR on the open maket. Until we reach a state where the numbers will add up this way, the project will sometimes sell RSR in order to pay for expenses.

yeah its pretty amazing how under the radar Reserve still is!!!! How many other coins got invited to Davos 2019 to do a 45 min discussion!? this shit is gonna be friggin MASSIVE!! :)
https://www.youtube.com/watch?v=rb4e34btRbQ


Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: masulum on November 07, 2019, 02:46:19 AM
I saw RSR already listed on Huobi, but still can't find RSV, can you give any information about when RSV will be listed on exchanges? Or RSV will be ready after mobile wallet launch?



And whats mean about signature code? Is there any bounty for this project?


Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: Twinkledoe on November 07, 2019, 03:03:01 AM
I saw RSR already listed on Huobi, but still can't find RSV, can you give any information about when RSV will be listed on exchanges? Or RSV will be ready after mobile wallet launch?



And whats mean about signature code? Is there any bounty for this project?

The OP is so lucky he got 61 merits from creating this thread.  :P Not sulking here, but I guess these 2 individuals that gave him merit are in some way connected or supporting this project.

But I am in awe upon viewing the list of their investors, so I am guessing no crowdsourcing here will happen.

Yes, why introduce the sig code, do you have sig campaign for this project?  Seems that this is a big one though...


Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: bitpotter on November 07, 2019, 06:17:15 AM
If it is true that it will enter global huobi it will push up the name of this coin, but if in reality it doesn't exist. Then it's all useless.


Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: Zebedee23 on November 07, 2019, 11:54:59 AM
I saw RSR already listed on Huobi, but still can't find RSV, can you give any information about when RSV will be listed on exchanges? Or RSV will be ready after mobile wallet launch?



And whats mean about signature code? Is there any bounty for this project?
RSV is in beta at the moment and in initial stages of use in Venezuela so is not yet listed on any exchanges. All in good time! :)


The sig is just for supporters to show support. Cant speak for the team as to whether there will be a sig campaign in the future!??


Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: Zebedee23 on November 07, 2019, 12:00:37 PM
link to app , at moment can only be installed if in Venezuela

https://play.google.com/store/apps/details?id=rsv.walletapp.reserve&hl=es_VE


Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: OneNattyLitecoin on November 08, 2019, 07:41:44 PM
I saw RSR already listed on Huobi, but still can't find RSV, can you give any information about when RSV will be listed on exchanges? Or RSV will be ready after mobile wallet launch?



And whats mean about signature code? Is there any bounty for this project?

And within this beta testing the application is seamlessly integrated with PayPal.


I saw RSR already listed on Huobi, but still can't find RSV, can you give any information about when RSV will be listed on exchanges? Or RSV will be ready after mobile wallet launch?



And whats mean about signature code? Is there any bounty for this project?

The OP is so lucky he got 61 merits from creating this thread.  :P Not sulking here, but I guess these 2 individuals that gave him merit are in some way connected or supporting this project.

I’m just a nobody that was losing faith in crypto until I ran into this project. A little tidbit from the CEO on incentive of holding RSR.

https://youtu.be/DorshcgxKZA



Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: Zebedee23 on November 13, 2019, 02:36:06 AM
Reserve Protocol Community AMA #2
https://medium.com/reserve-currency/reserve-protocol-third-community-ama-ab5b92429026


Title: Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
Post by: Zebedee23 on November 22, 2019, 01:21:13 AM
https://pbs.twimg.com/card_img/1197244724882612225/cScMLJ10?format=jpg&name=medium

https://medium.com/reserve-currency/reserve-protocol-ama-with-wolf-crypto-recap-58486980adef