Lots of people have been talking about $RSR and Reserve Protocol (@reserveprotocol).
Why all the hype? Lets find out!
Thread ๐งต 1/25
Why all the hype? Lets find out!
Thread ๐งต 1/25
2/25
Reserve is a crypto project unlike any other.
It operates a mobile app in South America. This app allows users in hyperinflationary countries to save in US dollars, receive salaries, transfer money cross-borders and also pay at almost 30,000 merchants that support it.
Reserve is a crypto project unlike any other.
It operates a mobile app in South America. This app allows users in hyperinflationary countries to save in US dollars, receive salaries, transfer money cross-borders and also pay at almost 30,000 merchants that support it.
3/25
The app is a fintech product like Venmo/Cashapp, but with crypto.
This is an old tweet but shows how people use it.
The app is a fintech product like Venmo/Cashapp, but with crypto.
This is an old tweet but shows how people use it.
4/25
The app has almost 700 000 users. Yes, seven-hundred-thousand users.
The best part? They don't even know its crypto.
This is crypto adoption as it should be. Real people using real money to pay for real stuff.
The app has almost 700 000 users. Yes, seven-hundred-thousand users.
The best part? They don't even know its crypto.
This is crypto adoption as it should be. Real people using real money to pay for real stuff.
5/25
To get "real people" to use it, Reserve uses non-crypto social media. For example:
๐ซTwitter (
๐ซInstagram (instagram.com)
๐ซ TikTok (@holareserve" target="_blank" rel="noopener" onclick="event.stopPropagation()">tiktok.com).
Yes, TikTok!
To get "real people" to use it, Reserve uses non-crypto social media. For example:
๐ซTwitter (
๐ซInstagram (instagram.com)
๐ซ TikTok (@holareserve" target="_blank" rel="noopener" onclick="event.stopPropagation()">tiktok.com).
Yes, TikTok!
6/25
Some Reserve app ( $RSR) stats:
THIS TIME LAST YEAR: 290,000 users, $15M a month Tx volume, 5000 merchants.
TODAY: 680,000 users, $120M a month Tx volume and 28,000+ merchants.
Some Reserve app ( $RSR) stats:
THIS TIME LAST YEAR: 290,000 users, $15M a month Tx volume, 5000 merchants.
TODAY: 680,000 users, $120M a month Tx volume and 28,000+ merchants.
7/25
...and some more Reserve app ( $RSR) stats:
Reserve App gets ~7m worth of real-world transactions (buying at merchants, remittance, salaries,..) per day!
No liquidity mining, no speculators, only real grandmas!
...and some more Reserve app ( $RSR) stats:
Reserve App gets ~7m worth of real-world transactions (buying at merchants, remittance, salaries,..) per day!
No liquidity mining, no speculators, only real grandmas!
8/25
No other crypto project has this level of real-world utility and penetration!
No other crypto project has this level of real-world utility and penetration!
9/25
And Reserve partnerships are focused on app/product adoption and are at many places you would not expect.
And Reserve partnerships are focused on app/product adoption and are at many places you would not expect.
10/25
People always need financial products, especially if unbanked or underbanked or living where their local currency is trending to 0
That is why there is NO bear market for Reserve adoption and $RSR. Number of users and app volume keeps going๐, even if market goes ๐
People always need financial products, especially if unbanked or underbanked or living where their local currency is trending to 0
That is why there is NO bear market for Reserve adoption and $RSR. Number of users and app volume keeps going๐, even if market goes ๐
11/25
Reserve app is the web3 version of PayPal.
Reserve app is the web3 version of PayPal.
12/25
Which is why Paypal founders are invested...
They see it as a way to reach places they could not.
Which is why Paypal founders are invested...
They see it as a way to reach places they could not.
13/25
And this includes Peter Thiel, whose business philosophy Reserve is following.
โถ๏ธStart a company in a small market, grow it concentrically and create a monopoly...
And this includes Peter Thiel, whose business philosophy Reserve is following.
โถ๏ธStart a company in a small market, grow it concentrically and create a monopoly...
14/25
The original PayPal ethos has migrated to crypto. And Reserve is the one that will carry the torch.
The original PayPal ethos has migrated to crypto. And Reserve is the one that will carry the torch.
15/25
What is next? Reserve will be the first crypto project that will connect traditional finance and crypto.
It will offer crypto yields to Reserve app users using RTokens that anyone can create. This is especially important in places where the app is offered!
What is next? Reserve will be the first crypto project that will connect traditional finance and crypto.
It will offer crypto yields to Reserve app users using RTokens that anyone can create. This is especially important in places where the app is offered!
16/25
Reserve is a stablecoin issuer that has an actual real world userbase.
How else is it different from other stablecoins? Find out from the lead protocol engineer:
Reserve is a stablecoin issuer that has an actual real world userbase.
How else is it different from other stablecoins? Find out from the lead protocol engineer:
17/25
Currency should be stable, decentralized, accessible, universal and permissionless
$RSR users will be able to create decentralized and COLLATERIZED stable cryptocurrencies (RTokens)
Competition will create the best currencies, which app users will be able to use.
Currency should be stable, decentralized, accessible, universal and permissionless
$RSR users will be able to create decentralized and COLLATERIZED stable cryptocurrencies (RTokens)
Competition will create the best currencies, which app users will be able to use.
18/25
Reserve is aware of dangers of algorithmic stablecoins and careful not to repeat the same mistakes.
Its focus is real-world adoption and safety for its users.
โผ๏ธ Rtokens are not algorithmic stablecoins but 100% collaterized by real assets!
Reserve is aware of dangers of algorithmic stablecoins and careful not to repeat the same mistakes.
Its focus is real-world adoption and safety for its users.
โผ๏ธ Rtokens are not algorithmic stablecoins but 100% collaterized by real assets!
19/25
$RSR holders will be able to govern the protocol and stake their tokens to provide insurance for RTokens of their choice
Rtoken yield is then used to MARKET-BUY $RSR and distribute to stakers!
Rewards are NOT from minting of new coins, but REAL WORLD protocol revenue.
$RSR holders will be able to govern the protocol and stake their tokens to provide insurance for RTokens of their choice
Rtoken yield is then used to MARKET-BUY $RSR and distribute to stakers!
Rewards are NOT from minting of new coins, but REAL WORLD protocol revenue.
20/25
Other things are coming soon, including expansion to other countries and a credit card, and there are also rumors of in-app lending... and maybe even more PayPal connections revealed?
Other things are coming soon, including expansion to other countries and a credit card, and there are also rumors of in-app lending... and maybe even more PayPal connections revealed?
21/25
But the next major step for $RSR is the Reserve Protocol launch at October 10 at @EFDevcon in Bogota!
But the next major step for $RSR is the Reserve Protocol launch at October 10 at @EFDevcon in Bogota!
22/25
... where Reserve will reveal to the world its plan and its new stablecoin platform that will allow everyone to create their own money!
... where Reserve will reveal to the world its plan and its new stablecoin platform that will allow everyone to create their own money!
23/25
How to find out more and follow the progress of $RSR?
a) visit reserve.org
b) join Telegram: t.me
c) join Discord: discord.gg
d) join the Reserve Rangers community t.me
e) follow our Twitter @ReserveLodge
How to find out more and follow the progress of $RSR?
a) visit reserve.org
b) join Telegram: t.me
c) join Discord: discord.gg
d) join the Reserve Rangers community t.me
e) follow our Twitter @ReserveLodge
24/25
f) listen to ReserveOnly - our podcast with many Reserve Team members as guests:
f) listen to ReserveOnly - our podcast with many Reserve Team members as guests:
25/25
g) and follow these high-quality $RSR Rangers!
@RSVSinatra
@SMallinso
@0xJMG
@mattimost
@Reserve_Weekly
@Flamingo_Mafia
@smeddysays
@nnevvinn
2023 will a great year for Reserve!
g) and follow these high-quality $RSR Rangers!
@RSVSinatra
@SMallinso
@0xJMG
@mattimost
@Reserve_Weekly
@Flamingo_Mafia
@smeddysays
@nnevvinn
2023 will a great year for Reserve!
CORRECTION to 25/25
That is @SMallinson! Follow him, now.
That is @SMallinson! Follow him, now.
UPDATE on $RSR
The app has $250m transacted each month! Real users, real utility, real volume.
The app has $250m transacted each month! Real users, real utility, real volume.
UPDATE - $RSR mainnet is now complete
UPDATE - $RSR has now launched mainnet.
What happened, what partnerships were revealed, what is next - find out in this thread:
What happened, what partnerships were revealed, what is next - find out in this thread:
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