| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal" | Passed |
| Project | Reserve is a blockchain project that aims to create a stable and decentralized cryptocurrency that can be used as a store of value, a medium of exchange, and a unit of account. The Reserve ecosystem consists of several components, including the Reserve stablecoin (RSV), the Reserve Rights token (RSR), and a decentralized exchange called the Reserve Rights Exchange.There are no prohibited features provided in the ecosystem. | Passed |
| Financials | The token is not backed by equity, thus there is no financial screening on this token. | Passed |
| Token | There are 2 main tokens, Reserve stablecoin (RSV) and Reserve Rights token (RSR). But in this analysis, we will only give rulings on Reserve Rights token (RSR). The main utilities of the token is to stabilize the value of the Reserve stablecoin (RSV) and to govern the Reserve ecosystem. They implement a buyback and burn mechanism to control the supply. Overall the tokenâs utilities are neutral and permissible. | Passed |
| Staking Method | The staking reward for Reserve Rights (RSR) tokens is generated through the issuance of new tokens, which may reduce the value of RSR in the long term. While it is important for Reserve to have holders stake their tokens to secure the network, the staking rewards are not generated by the Proof of Stake process, but rather through the issuance of new tokens. The staking process is permissible, but not good enough. | Passed |
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