/biz/ - Business & Finance

>>15664777
First Venezuela, then the world. Checked and RSRbased.

The same way the Rentenmark saved Germany from hyperinflation.

>The Rentenmark was a currency backed by mortgaged land and industrial goods worth 3.2 billion Rentenmark. The Rentenmark was pegged to the U.S. Dollar at a rate of 1 Dollar: 4.20 RM. At the end of the First World War, the Deutschmark was valued at 4.63 to the U.S. $.

At the moment people in hyperinflation areas like Venezuela are desperate to exchange their fiat for anything that can store value. They are lacking on-ramps to crypto and still dealing with a banking system that's outdated and not suited to meet this kind of demand. With RSV their families outside of the country will be able to purchase RSV and send it directly to their wallet instantly. RSV will be backed by a basket of assets and pegged to the Dollar similar to the way the Rentenmark was. This will add stability as they expand their basket of assets and slowly come off the Dollar Peg by 2021.

You may be asking yourself. Why should I care? How do I profit from this?

Well, RSV is going to be paired with RSR and RSR is going to be treated like a "share" of the company Reserve. If you buy RSR it's like you own a small percentage of the company and you will be able to vote in future governance that they plan on adding when the Reserve Protocol is completed. You will also have access to a smart contract that allows for arbitraging RSV using your RSR. For example, if you own 1 million RSR and the price of each RSR reaches $1 and you decide to arbitrage RSV with it you will get between 2-5% returns as the same percentage of RSR is then burned by the Protocol. That's $200-300k that you profit while keeping your $1M worth of RSR as RSV. You can then cash it out into fiat, keep it as RSV or re-buy more RSR or other crypto with it. As RSV is adopted and more is created this process will continue to burn RSR at a rate of 2-5% per year which can increase scarcity by reducing the supply and further increase the value of each RSR.

TLDR; BUY RSR