An insight about the ROCKZ - Creating a Platform for Cryptocurrency Legal Exchange for Fiat Funds and Digital Currencies
Hello everyone, in this new post I want to introduce you about the ROCKZ project, and for more details, let's just go to the following discussion:
Creating a platform for cryptocurrency legal exchanges for fiat funds and stable digital currencies with maximum transparency and security is quite interesting. This project must attract investor attention due to the fact that all funds are deposited in Swiss banks, which are considered the most reliable in the world.
In other words, the entry of traders and investors into the cryptocurrency market is quite easy, unlike withdrawing funds from it, which is associated with high risk, time delay and a number of difficulties.
To overcome all the problems above and provide an opportunity to invest safely in cryptocurrency, it will allow a project called ROCKZ.
ROCKZ's goal
Rockz developers intend 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.
Rockz has the principle of operation
The RKZ virtual currency will be produced by Alprockz AG, headquartered in Zug, in Switzerland. This cryptocurrency will be provided with one of the most stable currencies in the world - the Swiss franc.
It is important to note that 90 percent of the reserves of the Swiss franc will be deposited in paper money in the safe of a banking institution. At the same time, the remaining 10 percent will be placed on the deposits of the most reliable Swiss banking institutions, thus ensuring a constant increase in the value of the virtual currency.
It is also worth noting the fact that all reserves will be kept under the terms of the trust mandate. This allows the RKZ token holders, even in the event of the bankruptcy of the issuing company, to gain access to fiat funds in Swiss banks.
The main users of this digital asset should be:
Cryptocurrency investors who want to protect their funds from risk;
Goods and services sellers who want to use for their calculations are a reliable and secure cryptocurrency;
Miners who wish to legally convert tokens obtained on Fiat;
Regular users who want to save their funds safely.
Unlike the current RKZ steyblecoin, it will ensure the transparency of the process. In accordance with the requirements of the Swiss law to combat money laundering, the RKZ foreign exchange reserves will be subject to audits, which will be carried out by independent organizations. In this case, the results of the audit will be posted on each client's personal account. Thus, every RKZ token owner can become familiar with the state of foreign exchange reserves at any time.
Security of customer funds is guaranteed by multifactor authentication, which requires a lot of signatures, as well as the use of biometric data to ensure access. In addition, customer funds are not stored on the RKZ platform, which is why hackers cannot steal them. It is also important to pay attention to the existence of the P2PE encryption algorithm, which is considered the most reliable to this day.
Fees under the platform will be charged for:
RKZ delivery to the cryptocurrency holder;
Transfer of funds to RKZ holders with an equivalent amount in fiat currency;
Sending the same amount of paper money in Switzerland;
Provision of partnership licenses.
ICO date and details
The developers intend to release 175 million APZ. General sales are scheduled for the first quarter of 2019. The APZ 1 fee will be 0.60 CHF.
Hardcap project - 53.55 million CHF.
Distribution of tokens and funds are as follows:
ROADMAP
Conclusion
Creating a platform for cryptocurrency legal exchanges for fiat funds and stable digital currencies with maximum transparency and security is quite interesting. This project must attract investor attention due to the fact that all funds are deposited in Swiss banks, which are considered the most reliable in the world.
To find more relevant details from the ROCKZ project, please follow some sources for the following references:
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Bitcointalk username: gafman