How Reserve Rights (RSR) Secondary Crypto Project DTF Failed

A user known as MemeIndexer, allegedly not associated with the Reserve Rights crypto project team, launched a coin called DTF (Decentralized Token Folios). The idea was to enable anyone to create indexes of any assets, and it was quickly adopted by the RSR team and co-founder, who were already thinking of leaning toward the memecoin game. Price Volume in 24h Price 7d

$DTF is not actually a meme index fund but DTFs will be! pic.twitter.com/h0iwIvGKNs

— Nevin Freeman 🌐👾 (@nnevvinn) November 12, 2024

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What Happened to the $DTF Crypto Meme? Is It Gone?

The RSR team initially endorsed DTF during the memecoin rallies in November 2024. It managed to grab decent attention and reach an all-time high of 30M. That wasn’t particularly impressive at the time, as most launched meme coins were hitting those ranges.

Aside from the token small success, the original product itself never found any success and never managed to attract a user base. The RSR team consistently framed DTF as a memecoin, but it was always associated with utility. In what seems like desperate attempts in early March, MemeIndexer launched a new protocol and coin and airdropped DTF holders.

This new protocol and coin were supposed to give new life to the DTF community after the latter lost most of its value, hitting an 800K market cap. It came with a product called Franklin X, which is an AI agent. The product offers two main features, Investment Picker and Wallet Roast. The former gives you investment advice based on your portfolio, and the latter gives supposedly funny remarks about your wallet portfolio. Not an impressive suite of products, but here we are.

It’s safe to say that the launch of the new coin ($FRNX) was disastrous, too, as MemeIndexer lost 0.5% of the token supply to some crypto KOL manager, which was later dumped. At the time of writing, the token is currently at a 168K market cap. This launch hurt whatever was left in the community trust and affected the DTF price even more. You can learn more about why the team launched FRNX here.

Can DTF Crypto Make a Comeback with Reserve Rights Support?

Looking at the RSR team, their activity and hype about this project have disappeared since a couple of months ago, and it’s obvious it wasn’t serious in the first place, as this project was always looked upon as a memecoin. However, it appears that the team has not given up on the project, particularly MemeIndexer. They’re still trying to revive it, and there will always be a chance. However, RSR is not performing any better, having lost 98% of its value from its peak. But always DYOR before buying anything.

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Ahmed Ziyad

Crypto Journalist

Combining the art of being a degenerate with technical analysis, Ahmed is a seasoned crypto markets analyst specializing in early-stage projects, emerging market trends, and sentiment-driven trading strategies. Ahmed began his full-time involvement in the crypto space in 2018. Prior... Read More

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