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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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18649857 No.18649857 [Reply] [Original]

Hello Anon, how you doing? Adoption of RSV, the stable coin pegged to 1 dollar, became reality. At the moment 150.000 $ have been minted. Reserve Protocol was the first IEO for Huobi exchange and lately got listed on Idex, Gate.io, Kyber network, Bitcoin.com exchange.
Pretty soon RSV will be integrated on the Huobi platform and with its burning mechanism the total supply of Rrs will decrease dramatically. 54 billions token locked for the arbitrage, 6 billions available for trading on exchange.

>> No.18649968

Sounds good an I used to be here but arnt stable coins all going to become illegal?

>> No.18650050

>>18649857
Bullish as fuck this is the beginning.

>> No.18650102

>>18650050
desperate and brrrrtt

>> No.18650178
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18650178

grateful to be able to buy more RSR under 100 sats

>> No.18650256
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18650256

>>18650178
Team are sats geng scam brose. pic relatd

>> No.18650273 [DELETED] 
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18650273

>>18649857
The secret /biz/ server link is discord gg CpqQw7b
We will interview chainlink founder Sergey Nazarov this week
mmmn

>> No.18650286

The project aim to be fully decentralized. I hope that you know that Coinbase is an equity investors and will find all the details on ReserveProtocol.org web site. RSV in accepted on PayPal for Venezuelan citizens and they were discussing to go Beta version with Colombia.

>> No.18650298

>>18649857
wtf how did biz miss this?
rsr going live MY NIGGAZ?!

>> No.18650308

How exactly do you make money with a stablecoin? Isn't the point for it to be stable, not 10x.

>> No.18650324

>>18650286
is no big deal sirs.. paypal are legacy network boomer investors

>> No.18650406

RSV is the decentralized dollar while RSR is the token which is used to mint the dollar and is used by the foundation to hold the RSV value to 1.

>> No.18650415

>>18649857
Gonna wait for the post halvening dump to double my stack. I love Reserve, it's one if my biggest positions, but I can't justify buying when i know this clown market will crash sooner than later and Reserve will crash with it.

>inb4 stay poor ngmi

>> No.18650445

>>18649968
Isn't this a problem?

>> No.18650459

>>18650308
buy rsr the backing token

>> No.18650494

More Rsv , less RSR total supply.

>> No.18650499

>>18650445
That was one article. For what it's worth, RSR has a former SEC commissioner on their team. To address your point, I think this is the only legitimate FUD with RSR. It seems like central banks are on their way to forming their own digital dollar. If they end up doing this, I could forsee the banning of all stablecoins.

>> No.18650513

>>18650308
ask your local jew

>> No.18650571

>>18649968
Yes, all tradable assets with an unchanging value will be outlawed in 2021. Sorry RSRetards your token is worthless. The SEC is going to arrest the entire Reserve team.

>> No.18650594

AHAHAHAHAHAHAH

>> No.18650795

>>18650494
>>18650459
Is RSR's supply fixed or is it manipulated to keep RSV at a dollar?

>> No.18650952

Has this news been confirmed?

Yuge if true.

>> No.18651062

The total supply is 100 Billions. 56 are locked by the foundation and they will use to stabilize the RSV token to 1 dollar. at the moment in the market the total supply is 6 Billion.

>> No.18651112

>>18651062
Seem like a lot.

>> No.18651284

>>18651112
RSR has the same total supply as XRP. Same market maker as XRP. And better burn mechanism than XRP.

>> No.18651644

and a 6% arbitrage, still seen as a passive income.