Reserve launches on Huobi
We are excited to announce that Reserve will be partnering with Huobi Global, one of the world’s leading cryptocurrency exchanges, for their third official Huobi Prime Offering. Following this, Huobi Prime will be listing Reserve Protocol’s Reserve Rights Token (RSR) towards the end of May.
The tokens being offered, RSR tokens, confer the cryptographic right to purchase excess Reserve tokens as the Reserve network grows. They help keep the Reserve stablecoin (RSV) stable.
Huobi’s Prime Offering of RSR will be on May 22nd. (Bitcoin Pizza day!) To learn more about how to participate in the offering, please read this out this guide from Huobi.
What’s next for Reserve after that? We plan to launch crypto-fiat payments app in Venezuela over the next few weeks. It will be launched for Android users via Google Play and enable people and businesses to switch back and forth from their local fiat currency to our tokenized dollar, the Reserve Dollar (RSD). Once the full RSV token goes live, users of the app will have the ability to switch from RSD to RSV.
U.S. citizens and those located in the U.S. (collectively, "U.S. people") are not allowed to participate in the Prime Offering on Huobi. Prime Offering participants are prohibited from selling RSR to U.S. people or acquire RSR for the benefit of U.S. people indefinitely.