INTRODUCTION
Cryptocurrencies are digital currencies that were generated about a decade ago with the motives of increasing the speed of transaction and also reducing the cost of transactions that are incurred by people. To also keep people anonymous of their funds was one of the reasons for which Satoshi Nakamoto brought up this amazing initiative. Cryptocurrrencies were originally created by Satoshi Nakamoto to be used as medium of payment for transactions but it has also adopted another function of being held as an asset of value. Cryptocurrencies are now regarded as digital assets in addition to physical assets like gold, oil that we have in the financial industry.
THE PROBLEMS THAT ENGULFS THE CRYPTO INDUSTRY
Volatility is one of the common unfavourable terms in the cryptosphere but depending on your position when it happens it could either be a gain or a loss. Due to the nascent growth of the crypto industry, the crypto market is very volatile hence making the prices of digital assets fluctuate from time to time. Most crypto enthusiasts have expressed their concern about the volatility of cryptocurrencies and the whole manipulation that goes on in the crypto industry. Several solutions in terms of creating stable cryptocurrencies currencies such as Tether (USDT), TrueUSD have been created into the cryptosphere but crypto enthusiasts are not fully satisfied because sometimes some of these cryptocurrencies do fall in price even though they are termed as stable coins.
Furthermore, the safety of funds in the cryptosphere is also one of the unanswered questions in the minds of most investors because of the rate at which many exchange platforms are being hacked. Hacking of exchange platforms have resulted into the loss of huge amount of funds which were never refunded back to users on their platform. Common among these security breaches are MtGox, Coinrail and quite recently the one which occurred at Cryptopia which led to the loss of huge amount of money in ETH. The unstable security in the cryptosphere has also caused so many investors from backing away from crypto investments because security is one of the factors that most investors consider first.
The world is now largely dominated by the use of fiat currencies so at some point in time crypto enthusiasts have to convert their digital currencies into fiat in order to make payments for their transactions. However, platforms that help in these services also charge high fees for these transactions. Crypto enthusiasts can’t really do much about this because most marketplaces have also not integrated the use of cryptocurrencies hence they have to bear the high fees that are charged upon converting from cryptocurrencies to fiat currencies.
Hence, there is the need to develop a stable coin which can actually cushion the assets of crypto enthusiasts in times of severe volatility.
THE SOLUTION THAT ROCKZ OFFERS TO THE CRYPTO COMMUNITY
ROCKZ is a stable cryptocurrency which is going to be backed by the Swiss Franc (CHF) hence offers true and absolute solution the harsh winds of the volatile crypto market. The ratio of ROCKZ to CHF is on a 1:1 basis further increasing the stability of the ROCKZ Coin. This stable cryptocurrencies is actually going to help crypto day traders who wish to safeguard their funds at the end of the day to avoid any form of volatility that may occur and cause them to lose the value of the accumulated funds. To do this, members would have to trade their funds in exchange of ROCKZ stable coin.
To keep the funds of investors safe and free from all forms of cyber theft, the ROCKZ company saves about 90% of its funds in vaults of Swiss Alp where security of funds are absolutely assured and have not suffered any form of security breach. This would keep crypto enthusiasts free from the sleepless night of having to think of the safety of their funds.
Another amazing feature of which ROCKZ stable coin offers above existing stable coins is that, because of the fact that the ROCKZ coin is backed by actual funds of CHF deposited in Swiss Banks and Vaults, users can still withdraw the exact amount of funds they have with ROCKZ if it ever suffers from any security breach of which I strongly doubt looking the security measures being put in place by the company.
TOKEN AND TOKEN SALE DETAILS
ROADMAP
The development plan of ROCKZ is shown in the image below:
TEAM MEMBERS
Below are some members of the team members, please refer to the website or whitepaper for more information about the entire team members. You can also follow up on their linkedin pages to ensure their authenticity in relevance to this project.
IN CONCLUSION
Satoshi pioneered the development of the cryptosphere by generating the use of cryptocurrencies. ROCKZ provides crypto enthusiasts the platform to hold their funds amidst the volatile crypto market based on a one-to-one ratio with the Swiss Franc which is one of the most stable coins in the world. Save with ROCKZ and you would not need to worry about the crypto market or the safety of funds because you are fully covered and insured.
For more information, please visit the following official pages of ROCKZ
Authorship
Bitcointalk Username: Aponkye1
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Stablecoins are doing well these days.
Absolutely, but ROCKZ stable coin is going to be one of the safest stable coin to hold because of the fact that it's being backed by CHF and it is also stored safely in Swiss Vaults.
Thanks for sharing this project mate because i think it's high time we really have a stable cryptocurrency that we can trust our funds into . The exising ones sometimes reduce in price and i get scared anytime i am changing my digital currency into such stable coins. I would follow up on this project and see how it goes. Thanks once again.
Kingboo.
@kingboo welcome pal, i pretty much agree with some of your claims about the instability of some existing stable coins and that is exactly why i am sharing this project because i think they have a great offer to offer the cryptosphere.
Kelvin writes.