| General information | |
|---|---|
| Global rank: | 626 |
| Name: |
Reserve Dollar |
| Symbol: | RSV |
| Current coin price (PHP): | 58.79 ₱ |
| Last hour: | arrow_upward0.000000 % |
| Last 24 hours: | arrow_upward0.000000 % |
| Last 7 days: | 0.850 %trending_up |
| Capitalisation (PHP): | 1 696 273 286.45 ₱ |
| Volume 24h (PHP): | 0.000000 ₱ |
| Available supply: | 28 850 667.00 RSV |
| Algorithm: | ETH Token |
| Start date: | 06/10/2019 |
Reserve Dollar/Philippine Peso (RSV/PHP) price chart
Reserve Dollar/Philippine Peso (RSV/PHP) capitalisation and volume charts
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.