One of the China’s top cryptocurrency exchange – Huobi Global, is been in news very frequently. It is because of new features and updates, the platform is attracting a lot of investors.
Huobi Global announced it is launching RSR (Reserve rights token).
The Reserve Rights token (RSR) is created to maintain the stability of Reserve’s USD-pegged stablecoin Reserve token (RSV).
The idea of Reserve is to offer protection against inflation and act as a system which will make everyday payments and serve as an easy and low-cost way to transfer money across borders.
The deposit and withdrawal of Reserve Rights tokens (RSR) will be open on Huobi Global at 10:00 on May 21 (GMT+8).
Before going for any balance transfers, users are required to carefully read the tips in the deposit/withdrawal page for this token.
Users who neglect the warnings specified within can lose their transfer amount. Especially if it does not meet the minimum quantity. If there is any problem, reach out to the platform Customer Support.
There is always a risk, trading in digital assets due to huge price fluctuations. So, before going further into trading, understand all the risks of trading in digital assets and take your own decisions wisely.
At the time of writing, huobi global was ranked 12th with 24 hours trading volume at $1,133,251,381. The exchange supports around 438 market trading pairs and has seen growth in past one month.