Reserve has built a stable, distributed stablecoin and digital payment system with a self-regulated supply of stablecoin in conjunction with demand and features backed by 100% or more on-chain collateral. The Reserve system interacts with three main types of tokens: Reserve tokens, stabletokens issued for the Reserve system that can be held and used in the same way we use fiat currency and other tokens; Reserve Rights tokens, which are used to maintain the price stability of Reserve tokens and which we will be trading through Prime; Collateral tokens represent a set of assets stored in smart contracts to support Reserve tokens and serve as collateral, mainly for various types of assets on the chain.

It aims to provide people and businesses in high-inflation countries with a stable global currency and digital payment system for property protection (moving money from fragmented, high-inflation economies into stable digital currencies), global transfers across borders and new payment systems that are easy to accept.

Cryptocurrencies have epoch-making features such as transparency, immutability and borderless payments, and can even enable second-level confirmation of transfers between any two points in the world through an improved technology scheme. All of the above features will help cryptocurrency to be applied in real business ecosystems, such as creating a truly global payment system and helping people to truly liberate themselves from the vicious economy of high inflation. However, until now, cryptocurrencies have not really achieved this goal. One of the obstacles is the huge price volatility of digital currencies. For cryptocurrency investors, huge price fluctuations are not conducive to locking in profits and hedging market risks; For GFTSS users, it means that users have to bear the additional risk of asset fluctuations in transfer transactions. Obviously, relatively stable cryptocurrency has become an urgent demand for investors and blockchain payment users, thus various stablesoin solutions have emerged.

Reserve reduces stablecoin risk through asset diversity and decentralized governance. There are two types of currency in the agreement, one is RSV, stablesoin against the U.S. dollar, which can be generated or destroyed by mortgagingusDC /TUSD/PAX. The other is RSR, which is the functional token of the whole system. In addition to being the token of voting governance, its main role is to maintain the stability of RSV value.

Gradual advance project development, to complete the recent anchor fiat assets, future natural transition for the goal of a stable currency assets mortgage type, Reserve mainly divided into the following three development stages: 1, the centralized stages: the stage will be through the centralized dollars for mortgage assets, the dollar will be hosted in the third party trust company; 2. Decentralization stage: In this stage, Reserve's mortgage assets will be composed of a basket of dynamically changing assets in a decentralized way, but it will still ensure the relative price stability of stablecoin and U.S. dollar. 3. Autonomous Stage: In this stage, the Reserve will no longer anchor the price of the DOLLAR, but will stabilize purchasing power regardless of fluctuations in the value of the dollar. There will be three types of tokens in the whole Reserve system, namely: (1) Reserve Token stable currency, which is held and consumed in a similar way to legal currency such as US dollar; (2) Reserve Network Token (RSR), which is mainly used to promote and ensure the stability of stablesoin; Other assets used in smart contracts to guarantee the value of staboins (100% Collateral, including tokenized commodities, monetary securities or mainstream digital assets). Reserve mainly maintains the currency price to anchor the DOLLAR through the market supply and demand balance and the interaction of speculative arbitrageurs. That is, when the stabler price in the market is lower than $1, the speculative arbitrageurs will buy the low-priced stabler from the market because of their profit, and then buy back the mortgage assets equivalent to $1 in smart contracts. If the stablesoin price is higher than $1 in the market, arbitragers tend to swap stablesoin assets for smart contracts, and then sell them in the market for arbitrage. In order to further ensure that the project party has the ability to actively adjust the exchange rate of the stablecoin against the US dollar (such as the stablecoin repurchase or the need to increase the value of the mortgage asset), the Reserve system issues Reserve Network Token as the new mortgage asset, so as to obtain the active regulation ability of the Reserve stablecoin exchange rate.

Reserve Rights Tokens (RSR) are used to ensure the price stability of Reserve tokens (RSV). The RSV is also the project's governance token, giving holders the right to vote on proposals that directly affect the project. The creation of governance tokens ensures a decentralized and equitable network. The RSR ensures price stability by working with the RSV through innovative RSR "Tokenomics."

1. Can be deployed on any smart contract platform; 2. Diversification of mortgage assets, issuing institutions and asset jurisdictions can reduce systemic risk associated with specific asset classes, default risk of a single issuer and legal risk of a single jurisdiction. 3. Reserve tokens will initially be anchored at $1 each, but will gradually be de-anchored from the dollar. 4. Different from other stablesoin projects that are also assets outside the mortgage chain, Reserve adopts the form of multi-asset mortgage in Vault in order to stabilize the value of mortgage assets as much as possible and hedge the risk of asset decline. Address the risk of sudden drops in a single asset by diversifying across asset classes, issuers and jurisdictions. 5. Founding team with strong venture capital background: The Reserve project team comes from Google, Tesla, Microsoft, IBM and other well-known companies; Major investors include Sam, chairman of Silicon Valley accelerator YC, Peter Thiel, co-founder and investor of PayPal, Coinbase Ventures, Distributed Capital and dozens of individuals and institutions. The project has rich industry resources, which are helpful for the development of the project.

1. Total amount of tokens: 100,000,000,000 (58.6% for foundations, 5.0% for partners, 20.0% for teams and consultants, 16.4% for current project financing) 2. Total amount of tokens released: 3% 3. 6. Seed round unlocking: Linear unlocking within 6 months after the mainnet goes online 7. Price of private round: $0.0020/ coin (including rewards) 8. 9. Private round unlocking: the minimum unlocking period is 25% initial unlocking, and the remaining 75% will be unlocked linearly in 3 months. Some tokens will be unlocked in a longer period. 12. Foundation token unlock: 2.85% of the total tokens will be held by the Foundation and unlocked. The purpose of this split lock token will be determined by the Reserve team and can be used for additional fundraising or other purposes. 13. Another 55.75% of total tokens are also held by the Foundation and are locked in smart contracts called slow wallets. Withdrawals of this portion of locked tokens are subject to a four-week delay, visible on the chain, and the Reserve team has to explain the purpose of the withdrawal. This mechanism, designed by the Reserve team, not only gives the team more flexibility to use it for additional fundraising or other purposes, but also allows the market to reflect information about increased circulation into the price of tokens in a very timely manner.

1. Reserve Stabocoin is committed to creating a new type of mortgage stabocoin, but at present, the transactions of market players are controlled by USDT. RSV is having a hard time getting a foothold in stablecoin. In addition, Reserve has three phases of development involving at least two tracks. In the centralization stage, the issuing mode is similar to USDT and other legal currency mortgage types. The decentralization stage is similar to that of digital currency collateralized staboin. Reserve will compete with a number of projects in the stablecoin space. 2. The total number of RSR tokens issued is 100 billion, of which 58.6% are held by foundations and 20% by teams. Most RSR tokens are held by project parties. Meanwhile, in addition to promoting the stability of RSV and being used to govern voting, RSR has limited application scenarios, and there is no detailed description of voting governance in the white paper. 3. Reserve Staboins are tied to a long-term portfolio of assets, including tokenized commodities, tokenized securities, and cryptocurrencies. In addition to asset class diversification, it is also characterized by issuer diversification and jurisdictional diversification. This portfolio format can reduce systemic risk associated with specific asset classes, default risk of a single issuer and legal risk of a single jurisdiction, but at the same time involve more asset types and issuers and is more complex to implement.

The future of RSR looks promising as it has exceeded developer expectations. The RSR is already being used on a large scale in Venezuela and Argentina, where high inflation is a serious problem. This will lead to an inevitable rise in the value of the RSR as more inflation-hit countries adopt the stabler. The Us Treasury's Office of the Comptroller of the Currency has given financial institutions the green light to use separate nodes in a distributed ledger network to trade in stablecoin. Partnerships with the Venezuelan government and institutional investors such as Coinbase, 7 Mobile Africa, Digital Currency Group, Refactor Capital and Rocket Fuel also demonstrate the value RSR can bring. In the future, we could see massive adoption of the Reserve protocol, RSR surpassing all-time highs, and the market value of tokens skyrocketing with it.

As the first stablesoin program to use diversified asset collateral to hedge risk, Reserve aims to provide a new asset hedging solution and frictionless and convenient payments across borders for the 300 million victims of the world's high-inflation economies. In addition, the project has extremely rich industry resources, which will help to build a complete and robust payment and settlement system, so as to quickly establish competitive advantages and consolidate the commercial moat. Although stabocoin track already has many competitors and various solutions, the project has a strong background in finance, monetization and software development industry, and has the support of top institutions and individuals in the industry, and has very good industry resources (exchanges, investment institutions, payment services, etc.). The stability mechanism of decentralized and multi-collateral design can not only ensure the stability and robustness of the stablecoin itself, but also regulate interest rates by governing the token in the market, forming a benign positive cycle of value.