Topic: [ANN] New Stabletoken ROKS on the Ethereum network - page 21. (Read 19144 times)

Here is the main idea behind "value trust transference": just make it easy to redeem fiat from ROKS. That's it. We are establishing local partnerships that will make it very easy to redeem PHP or USD from ROKS at licensed partners. The vendors and recipients may only do this once, and that should establish the trust. Later, we will make it very convenient to just use ROKS without first converting it to fiat.

You can check this article out: https://www.stabletoken.rocks/post/the-best-way-to-participate-in-the-roks-revolution

Initially, we will peg to USD, and the simple automaton by which we keep the peg can be deemed "decentralized". However, the claim is pointless because we are pegging to a centralized fiat. When fiat money starts to inflate (right now inflation is nowhere in sight), then the peg can be abandoned and ROKS can be stabilized without reference to any fiat. It will be stabilized by measuring its purchasing power across a basket of commodities.

We envision a world in which, instead of fiat money specific to each country, there will be many stablecoins, each specialized to its own application but distributable and acceptable everywhere. Some stablecoins will necessarily compete with each other. Competition is always good for the users; however, instead of competing on price, stablecoins / stabletokens will compete on overall stability even in the face of economic storms.

Fiat money will always be with us, but there is a strong possibility that fiat money dominance is going to wane. There is a very good chance that stablecoins will win over fiat and it's only a question of when. The fiat - stablecoin "flippening" can happen quickly if it is unopposed, but if governments unite to oppose it, then it can take a long time. Countries like the Philippines that welcome cryptocurrencies and stablecoins in particular stand to gain. Governments should not oppose stablecoins because they can still collect taxes in this future world. Our payment system has built-in code that automates the collection of taxes. This makes taxes highly visible to all.

That is correct. Each team member had worked with crypto-related projects in the past. You can check out all team members and visit their linked in profiles to check the previous projects. Just visit: https://rockstable.io/team

We are in ExMarkets.com; we are listed in this exchange, but we have not deposited any ROKS in our account as yet, so no trading can occur at the moment. We are still preparing our trading system. Currently, we are also negotiating with local exchanges from the Philippines. Once we have updates or news then we will let everyone know.

The reason that we will start with the Philippines is our way of focusing and making sure that we can show the benefits and advantages of ROKS and the mainsale app. Once we have proven the effectivity of ROKS then we will cover the entire world. We are setting goals step by step to ensure success

And  already have a list of exchanges or services that will perform IEO?

We don't have the details but we will keep you guys posted.

There are a lot of projects out that are good. Right now we are just focused on our own ROKS token and the mainsale app.

We will have updates soon. We are not in a period of inactivity but we are preparing for big announcements. Just stay posted to our social media channels.

We are not rushing things. We want to make sure that we cover all bases and details. We have launched our Mainsale app which is already a good start and soon we will push for IEO.

Each project is created for its own purposes. Those goals that are spelled out in white paper can only be achieved with stable coin, like ROKS.

Guys, I found this awesome article from Rockstable team: https://medium.com/rockstable/stablecoin-as-hayeks-private-money-cc608b2fdd7e. It's quite long, but you should read it to understand what are they proposing to us.

Are you sure? What about Japan, Korea, Australia? Philippines may be just the best among South-Eastern Asian countries, but not the whole world or even the whole Asia)

You can't just convert interest of followers to real working product in minutes. The team just need more time to be sure in launching correctly.

What do you mean by saying ROKS token is "trustless"? For me, trustless = it can't be trusted.

If you are interested to read about use cases in details, you can visit this page: https://rockstable.io/use-cases

They will also be used by vendors, Mainsale app 2.0 will accept all major cryptocurrencies and vendors will receive ROKS instead.

So, it will be not so great idea to launch trading and invitng vendors, if the solution still has many bugs.

They say they are preparing for the bug bounty and it is going to be launched by the end of September.