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The current real-time price of SIGRSV is $0.0001. In the past 24 hours, SIGRSV has traded between $0.0001 and $0.0001, showing strong market activity. The all-time high of SIGRSV is $0.0009, and the all-time low is $0.0001.
From a short-term perspective, the price change of SIGRSV over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is --. These figures provide a quick overview of the latest price trends and market dynamics of SIGRSV on LBank.+0.32%
The live price of SIGRSV today is $0.0001, with a current market cap of $0. The 24-hour trading volume is 118.42. The price of SIGRSV to USD is updated in real time.
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Before deciding whether to buy or sell SIGRSV, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SIGRSV technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SIGRSV.
How much will SIGRSV be worth tomorrow, next week, or next month in ? What about your SIGRSV assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SIGRSV Price Prediction
To learn more about SIGRSV, consider exploring other resources such as the whitepaper, official website, and other published information:
SigRSV serves as the reserve currency for the SigmaUSD protocol, an algorithmic stablecoin backed by ERG. Its primary function is to absorb volatility, enabling SigUSD to maintain its peg to the USD. It acts as a stability provider for the system, making the broader SigmaUSD mechanism robust and reliable for its users.
Within the SigmaUSD protocol, SigUSD is the stablecoin, and SigRSV is its reserve token. Both are fundamentally backed by ERG. When users mint SigUSD, they are essentially converting ERG into a dollar-pegged asset. SigRSV holders provide the necessary reserve for this process, acting as counterparties to SigUSD minters and redeemers, thus enabling the stablecoin's operation.
Holding SigRSV entails higher risk than merely holding ERG. Its value is susceptible to significant price and reserve ratio volatility. A substantial decrease in ERG's value, or if SigUSD holders redeem their stablecoins when ERG is priced higher than their minting price, can lead to losses for SigRSV holders. This highlights its role in absorbing system volatility.
SigRSV holders can benefit from transaction fees generated within the SigmaUSD protocol, specifically 2% of minting fees contribute to the reserve. Additionally, if ERG's value increases, and SigUSD holders redeem their stablecoins at a loss relative to their minting price, SigRSV holders can profit. The potential for reward depends on factors such as ERG's price movements and the accumulation of fees within the system.
Users can mint and redeem SigRSV directly through the SigmaUSD decentralized application (dApp), such as sigmausd.io. This process requires connecting a compatible Ergo wallet to interact with the protocol. It's important to note that there are specific transaction fees associated with both minting new SigRSV tokens and redeeming them back into ERG, as part of the protocol's design.
Yes, the ability to mint or redeem SigRSV is directly linked to the protocol's reserve ratio. For instance, if the reserve ratio falls below 400%, users can only purchase SigRSV but cannot redeem it. Conversely, if the reserve ratio rises above 800%, users are able to redeem SigRSV but cannot mint new tokens. These mechanisms are in place to maintain the protocol's stability and ensure proper collateralization.
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