1. Reserve team and future goals Community: How big is the Re | Crypto Releases Daily

1. Reserve team and future goals

Community:
How big is the Reserve team, how many team members are there now, and how does this scale with the number of app users?

Nevin Freeman:
195 people are on the Reserve team now.

Community:
What are your quantitative goals for 2022 and how do you want to achieve these?

Nevin Freeman (CEO of Reserve)

Right now we are in a phase where our goals are more qualitative than quantitative. On the protocol side, which is the one I oversee, we’re primarily focused on launching the full protocol.

Community:
How soon do you expect Reserve to be 100% decentralized? 6 months, 2 years, or 5 years?

Nevin Freeman:
The app will likely remain a centralized company with centralized operations for ever.

The protocol however will become much more decentralized, relatively soon after mainnet launch.

It’s hard to define what 100% means, e.g. I wouldn’t say Ethereum is 100% decentralized. But we are heading in the direction of Ethereum over time.

2. The Reserve app

Community:
Will the app be available in the US to send money from Peru and Mexico?

Nevin Freeman:
We are planning to enable the app for US users (which must be done state-by-state due to regulations), and yes, a key reason is for people to be able to send money cross-border, e.g. to Mexico.

Community:
When will Reserve app go to the US, Italy and China?

Nevin Freeman:
To the US first. Not sure when it will open in the EU or China.


3. Mainnet launch & RSR staking

Community:
What is mainnet, and when will it happen? Any way to track progress?

Nevin Freeman:
“Mainnet” just refers to the deployment of the full reserve protocol on the Ethereum mainnet.

You can track our progress on implementing the protocol on this public dashboard, which we update once a week.

Community:
What will the utility of RSR be?

Nevin Freeman:
Reserve Rights (RSR) will allow its holders to provide two key services to the Reserve ecosystem — governance and insurance — and earn rewards for doing so.

RSR holders will be able to stake their RSR on any Reserve stablecoin (called RTokens) in order to play these roles. When they do that, they earn their pro-rata share of revenue generated by the RTokens they stake on.

Community:
Do you plan to offer RSR staking within the Reserve app? Or will it be web-based only?

Nevin Freeman:
Web-based to start. In the future I predict many UIs, and maybe the app team will choose to add it in the app as well.

4. RToken deployment

Community:
Is there a limit to the number of RTokens which can be created?

Nevin Freeman:
Nope, there is no limit. Just like anyone can deploy a Uniswap trading pair, anyone can deploy an RToken. We don’t predict that many RTokens in the beginning, but over time there could end up being many.

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