And what will Reserve do in order to ensure that

Question

And what will Reserve do in order to ensure that

RSR has a use case in the future because right now it doesnt have any use right? What will happen if the reserve stable coin that will be created in the future doesnt include RSR as one of its "peg" or backing.

#cryptocurrency #english #reserve

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09.05.2022

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Po Автор вопроса

I.e how to ensure that RSR holder will be rewarded. As i understand it, the app doesnt rely on RSR right? And the app and the company will continue to operate regardless of mainnet or even if RSR fails.

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09.05.2022

Po Автор вопроса

This is insurance for RSX right?

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09.05.2022

Po Автор вопроса

Smeddy-o | Reserve | will never DM
I'd have a good read of this one my friend, or the...

Yes if the market choose the RSR token right. What if that RToken fails to take off and Reserve app continues to use RSV?

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09.05.2022

Smeddy-o | Reserve | will never DM

Po
Yes if the market choose the RSR token right. What...

I'll give quick answers to each: - Reserve wants an RSV as a "checking account", and an "RSX" as a "savings account" including yield - for that to happen, it needs to be an insured RToken (one which can safely appreciate, but need insurance in case of defaults). - No great mystery over mainnet, in hindsight estimates weren't a help, but what you see on the dashboard is what the developers see as well. - RSR price is a function of a speculative market for the moment. After mainnet, it has a purpose, and can be capturing value. That becomes #price chat territory then, but the things to be considering would be potential RToken market cap, potential yield, potential risks etc. Good questions though!

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09.05.2022

Rose

Smeddy-o | Reserve | will never DM
I'll give quick answers to each: - Reserve wants ...

What is the price prediction for RSR? As this is the official Reserve Telegram group, you won't find any future price predictions in this channel. If you would like to speculate on the future price of RSR, please visit any of the unofficial Reserve groups, such as the Reserve Lodge. ⚠️ Please keep in mind that buying volatile cryptocurrencies contains high risk. While the price of any coin/token can go up, it can also go down. Please do the necessary due dilligence before buying any cryptocurrency.

0

09.05.2022

Smeddy-o | Reserve | will never DM · Accepted Answer

I'd have a good read of this one my friend, or the recent podcasts. https://medium.com/reserve-currency/how-rsr-staking-will-look-a-sit-down-with-sinatra-775f6517fb38 Reserve will be seeking the most apt RToken (from a stability of basket POV, including insurance, and a governance POV) for app useage. ("RSX" is simply a placeholder name for whichever RToken best suits the purpose). Alongside that, there may be many other RTokens for an RSR holder to stake on (some people hypothesise there may only be a few to start with, as the platform establishes itself, which I tend to agree with)

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And what will Reserve do in order to ensure that

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