RSR/USDT Will be Available on CoinTiger at 18:00 on Oct 23, 2020
Fellow CoinTiger Users,
We are excited to announce that RSR/USDT trading pair will be available for trading on CoinTiger Novel Zone at 18:00 on October 23, 2020 (UTC+8).
Here are the timelines with respect to the listing (UTC+8):
1.Deposit opening at 16:00 on 23 October 2020.
2.Trading opening at 18:00 on 23 October 2020.
3.Withdrawal opening at 18:00 on 23 October 2020.
【Project Introduction】
Token Introduction: Reserve Rights (RSR) is the utility token of the Reserve Protocol, a stablecoin platform on Ethereum. The Reserve Protocol comprises a dual token model: the RSR utility token and the RSV stablecoin backed by a basket of assets as collateral. As the value of the collateral tokens may be volatile, when the marketcap of collateral tokens the platform holds is not sufficient to back up the marketcap of the RSV stablecoin in a 1:1 fashion, the platform will mint more RSR tokens and use them to purchase more collateral assets on secondary markets. Conversely, when there are excess collateral tokens on the platform, the excess will be used to buy back RSR tokens on secondary markets, which will be subsequently burnt. Reserve’s stability mechanism depends on arbitrage activities by users. For instance, when the price of RSV falls to 0.95:1.00 against the USD, in secondary markets, users can purchase 100 RSV priced at 0.95 USD per token on exchanges, and redeem these tokens on the Reserve platform for collateral tokens worth 100 USD. If the price of 1 RSV goes above 1 USD, users can purchase RSV on the Reserve platform and sell on exchanges for a profit.
Official Website: https://reserve.org/
Explorer:https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8
【Related information】
Risk warning: Crypto-currency investment is subject to high market risk. Please make your investments cautiously. CoinTiger will make best efforts to choose high quality coins, but will not be responsible for your investment losses.
CoinTiger team
2020/10/23
About CoinTiger
CoinTiger platform has an ecosystem that includes web, iOS, Android and exchange service system (e.g Cryptocurrency, FIAT, Future, and Leveraged Tokens Trading, Ticker Capital, Lab, Security Alliance, Tiger Knights, IEO, Tiger Forum), and is now one of the most popular exchanges in the world, which formed sub-branches in countries such as Korea, Japan, Russia, Italy and more. CoinTiger is founded in November 2017 and has exceeded 3.5 million users today. CoinTiger also provides trading and investing services for 158 countries with over 100 quality assets. CoinTiger is also the first crypto exchange to implement a 100 % equity mechanism for its native TigerCash (TCH) coin. The first thing CoinTiger has done is to serve its users well and deliver secure, efficient, and reliable services with the highest level of global ecosystems, banking security, efficient and best possible product experience, easy and fast transaction services, and a 7X24 customer support team.
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