Reserve Rights vs Maker Token vs bitCNY
What problem does this service solve?
Reserve's goal is to create an inflation resistant digital currency. | The Maker token is the native token of the MakerDAO platform. Its purpose is to help govern and stabilize the DAI stablecoin project. | bitCNY is intended to serve as financial tool that will help stabilize the price of BTS relative to the Chinese Yuan. |
Token Stats
Company Description
Reserve Rights is an Ethereum-based stable token that is built on the Reserve Protocol. Reserve token will be initially backed by several other collateral tokens that are each tokenized versions of the US Dollar. The project has plans to transition to a collateral model that will not be pegged to the US Dollar. | The Maker token (MKR) is the MakerDAO native token. It acts as a utility token, governance token and a recapitalization tool for the MakerDAO platform, which manages the DAI stablecoin. MKR is used as part of the stabilizing mechanism that is in place to combat the price volatility of the DAI stablecoin. | bitCNY is a decentralized stablecoin that is pegged to the Chinese Yuan. It is based on the BitShares blockchain and has a Delegated Proof-of-Stake (dPoS) consensus mechanism. As a market pegged asset, the bitCNY token represents the amount of BitShares (BTS) that are equivalent to one Chinese Yuan. |