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Reserve to Begin RSR Unlocking Vote on August 27th

By Exbasi Intelligence
Sourced from Coindar
Reserve to Begin RSR Unlocking Vote on August 27th
Reserve will begin a Snapshot vote on the revised RSR unlocking milestone plan on August 27th.Self-custodied RSR, staked RSR, and vote-locked RSR will all be counted without unstaking or unlocking. Holders who want to vote need to move RSR off centralized exchanges before the vote begins.Refer to the official tweet by RSR:⚠️ IMPORTANT: If you want to vote but your is on an exchange (Coinbase, Binance, etc), you need to move it to a self-custody wallet before 08/27!All self-custodied naked RSR, staked RSR, and vote-locked RSR will be properly counted; there’s no need to unstake or unlock RSR InfoReserve Rights is a stablecoin platform consisting of two tokens, including the Reserve Stablecoin (RSV), which is a value-backed coin, and the Reserve Rights Token (RSR).The Reserve Rights Token (RSR) is used to maintain the stability of the RSV token. When the price of RSV deviates from the $1 peg, the protocol’s algorithms automatically utilize RSR to buy or sell RSV on the open market until its price is restored to the $1 level.Therefore, the RSR token plays a crucial role in maintaining the stability of RSV and ensuring its liquidity. RSR holders can also participate in protocol governance and vote on matters related to its development and improvement.

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