ROCKZ - The World's Most Bulletproof Cryptocurrency

teejay4 (-1)(1)in #bitcoin • 5 years ago

Hello everyone here, as I always do I welcome you guys once again to my little world that I always used to share my views about blockchain projects and startups. In this post, the project that I will be sharing with you guys is ROCKZ and I will try all my possible best to summarily share what you guys ought to know about this project. There's no time to waste, let's ride on.

Since Cryptocurrency came to the existence of in 2009 until today. Since it has been very volatile in nature. Have a lot of people who have started to know and understand about the need invested. Cryptocurrency is a decentralized, anonymous and electronically. The world crypto lovers very happy to be know’s and assume that it’s the right way to investment in the future .. even they called as money in the future.
Watch Video Below

What is ROCKZ all about?

ROCKZ is The world's most bulletproof cryptocurrency. The ROCKZ mission is to make the cryptocurrency market transparent, safe and trusted for its users, so that we can secure the reputation and full potential of blockchain developments and the cryptosphere for future generations.

ROCKZ is a service, not a commodity. Its success will be measured, not in the extreme valuations of the coin, but in the number of people who trust it as their ‘port in a storm’.

The objective for ROCKZ is to be widely recognized, trusted and used by both professional investors and private participants of the new crypto reality. We have a stated aim of achieving a minimum 3% market share, making ROCKZ an essential part of the cryptosphere architecture.

In addition, ROCKZ is a cryptocurrency backed by Swiss Francs, the most stable national currency which has been steadily strengthening for more than 30 years! For every issued ROCKZ, 1 Swiss Franc is held by the ROCKZ company for the coin holders’ account.

The reason for Swiss Francs is because ROCKZ centers around the CHF not just on account of the key job Switzerland is playing in the improvement of crypto currencies, yet first in light of the fact that the CHF offers genuine insurance against inflation and devaluation. In the course of the most recent 50 years, the United States Dollar (USD) has lost 78% of its incentive to the CHF. Notwithstanding when the CHF pays negative loan costs, the money has been increasing in value. As it were, CHF has been, as of not long ago, the Bitcoin of the traditional markets: the cash of a little nation with a restricted supply.

The Problems

In the current cryptocurrency market, there are a lot of shortcomings. It happens because there is no viable way to avoid the inherent risk from the volatile nature of cryptocurrency. Crypto investor has to trade their return back into fiat currency in order to keep their profit and mitigate volatility risk. However, it isn’t as easy as it sounds, especially if they use an exchange that doesn’t support fiat trading.

There are several options for crypto traders or investor as outlined in ROCKZ whitepaper to face this problem. One of them is to leave their fiat currency in exchange. However, that is very risky because they have to trust the exchange. Ironically, most exchanges are not regulated. They can get bankruptcy, commit fraud, got hacked (or only claimed as a way to steal money from their investor) and so on. Even if there the exchange provide protection from such a thing, most of the time it is very limited. And judging from what happens in the past, most of the time, everyone will lose their funds after the hack with no way to solve it.

Another option that they can do is to transfer their cryptocurrency to a cold wallet. It will protect them in case of hacking or if there’s malfunction on the exchange. However, this still doesn’t protect the user from the volatile nature of cryptocurrency. Even if your funds are safe, you might lose profits and in fact, enter loss position due to market crash or bearish trend.

Another option for investors to take profit is to directly sell their crypto to fiat and then withdraw it from an exchange. However, this requires high fees and time. It can take hours or days for exchange to process this. This is a dilemma because this means you can’t enter and quit the market as soon as possible. Which is why the idea of a stable currency is born in the first place. However, the current stable currency is still way from ideal, with lack of transparency as one of the most tangible problem.

So, we have an immature market with high volatility, and on the other hand, you don’t have a great choice to enter in or out the market and take profits. This is what Alprockz going to solve.

Alprockz Solution

Alprockz is going to create a stable reserve coin, fully backed with real money, which is auditable and transparent. It aims to solve the existing problems that lie in the cryptocurrency market and replace the current dominant major stable coin that lacks transparency. In order to make this goal comes true, I think they have to aim for full transparency because that is one of the major issues on stable cryptocurrency right now.

According to their whitepaper, the ROCKZ issuing company will help investors and traders to exchange their main cryptocurrencies against a ROCKZ. Every ROCKZ issued will be backed by 1 Swiss Franc (CHF) that will be held by the ROCKZ issuing company for the account of the coin holders. The idea itself is not entirely new, most of us should be familiar with the idea of this stable currency.

Another role of the company is to hold up approximately 90% of its reserves in Swiss Francs in a physical paper form which is deposited in high-security Swiss Alp Bunkers and Vaults, as they stated on their whitepaper. The remaining 10% is held with various Swiss Banks to ensure short-term availability of the Swiss Francs.

Reserves are held by ROCKZ issuing company that segregated from the company’s operating accounts. In the case of a bankruptcy of the ROCKZ issuing company, ROCKZ coin holders still have full access to their Swiss Franc fiat reserves. In other words, you’ll still be able to get your CHF via bank exchange. This is super exciting if it can get executed properly because the ROCKZ could independently exist even the company go bankrupt.

The use cases of ROCKZ

A RESERVE CURRENCY
A PIVOT CURRENCY
A TRADITIONAL STORE OF CURRENCY VALUE
AS AN EXIT FROM THE CRYPTOSPHERE TO THE FINANCIAL SYSTEM
AS A BRIDGE TO THE FINANCIAL SYSTEM
AS COLLATERAL
The Mission

The mission is to make the cryptocurrency market more transparent, secure and reliable for its users and to secure the blockchain's reputation and potential for future generations.

The Goal

The Rockz team intends to safely connect the world of virtual currencies to the real economy, provide ways to improve profits, and eliminate all risks associated with exchange work and opposing parties.

Before we take a step forward into shedding some light on the ROCKZ platform, let's take a little detour into The Impending Challenge and Solution Offered by ROCKZ:

The Impending Challenge and Solution Offered by ROCKZ

As described by the project founder Yassen Ben Hamida, the main problem of today’s crypto industry is the absence of a solid connection with the real economy.

Crypto markets are very easy to enter, but exiting market is associated with costs, risks and difficulties. These days many teams are trying to develop stable cryptocurrencies to facilitate global adoption and avoid risks that are mentioned above.

Claiming Tether is the best-known solution to this problem, thus the reason for the ROCKZ project. Rapid growth and over $2bn market capitalization shows massive demand for such stable coins. However, Tether and other similar asset-backed coins have many flaws that ROCKZ does not have.

It’s time to create a truly reliable and stable cryptocurrency that will become a solid bridge between the traditional and digital economies. That’s the reason we created ROCKZ.

ROCKZ is a bridge connecting crypto with traditional financial systems, allowing investors to book profits while staying in crypto.

This ROCKZ project will issue two tokens at once which they have different functions and uses, namely ROCKZ tokens (RKZ) and Alprockz tokens (APZ). This ROCKZ (RKZ) Token is an ERC-223 token which will be tied to a Swiss Franc (CHF) with a 1: 1 ratio which can then be used for financial transactions without you having to worry about high fluctuations because of its stability. Furthermore, for Alprockz tokens (APZ) it is an ERC-20 token that functions as a utility token to access the ROCKZ platform and various facilities provided with various levels based on ownership of the APZ token. Here are the details below.

• Topaz (500 APZ): can access the ROCKZ platform
• Ruby (1500 APZ): can access ROCKZ platforms and credit card facilities
• Diamond (3000 APZ): can access ROCKZ platforms, credit card facilities, and credit facilities on collateral

Based on the above concept, it can be concluded that Alprockz AG gets revenue from every transaction that occurs between crypto - crypto and crypto - fiat and from spreads that arise from market makers and this is a concept that is very reasonable in my opinion. Business models like this have appeared before that we can mention as ROCKZ competitors. But ROCKZ has several advantages compared to some of its competitors that carry the same concept even though with different fiat currencies. The following explanation is in the picture below.