[ANN] New Stabletoken ROKS on the Ethereum network - page 44.

mswells

newbie

Activity: 42

Merit: 0

Quote from: workasset1 on July 28, 2019, 10:04:04 PM

Quote from: bercy on July 27, 2019, 06:38:31 AM

I'm interested how it will be possible to earn using your token? Will you have some bounty or airdrop or rewards program?

-Overseas Filipino Workers (OFWs) buy ROKS and a tiny amount of ETH from ExMarkets.com for sending to their relatives back home in the Philippines (the beneficiaries). They send ROKS and a very minimal amount of ETH (for Ethereum gas) to their relatives using their “wallet” in ExMarkets.com. It is also possible to buy and send just ETH.

-The beneficiary relatives receive the ROKS and ETH in a couple of minutes. They use the Opera crypto wallet in their smartphones to get an Ethereum address (account) and keep track of their money in that address. They also use the Opera wallet to pay vendors.

-Vendors have to have the RockStable point-of-sale app MainSale to be able to accept ROKS. Evangelists sells territorial rights to MainSale to the vendors.

-Vendors collect ROKS they receive as payment. At certain periods (maybe weekly), vendors sell their ROKS at coins.ph, pdax.ph, or citadax.ph for PHP or USD. Evangelists help their vendors sell their ROKS.

-RockStable sells ROKS to OFWs in Bittrex; we buy ROKS from vendors in the Philippine exchanges.

You can check out our case uses: https://rockstable.io/use-cases

We will have a bug bounty campaign soon.

Is it obligatory to use the Opera wallet only? I don't think it's a good idea to limit people use only it.

MeGaBeSuNTa

newbie

Activity: 40

Merit: 0

Is your Mainsale app made only for vendors and retailers, how a regular crypto enthusisast can use it?

sdcyxiaolong

newbie

Activity: 37

Merit: 0

You will have your own trading bot? How will it work? I don't understand completely

Galaxy23

newbie

Activity: 32

Merit: 0

RockStable Token Inc, Sheridan, Wyoming from Facebook. I thought you are from Philippines? Or your team belongs to OFP?

mrrettig78

newbie

Activity: 34

Merit: 0

If somebody was looking for the Whitepaper, here it is https://rockstable.io/assets/2019_Whitepaper.pdf . Quite short, but who loves to read a lot of text?

peaprotein

newbie

Activity: 33

Merit: 0

Quote from: workasset1 on July 28, 2019, 10:27:26 PM

Quote from: Ruzer on July 28, 2019, 02:22:50 PM

As I understood, it will be hard for vendors to understand and install the MainSale app and they will need help with it, correct?

Our app is very user-friendly. You can download it now in android and IOS versions. Please let us know what you think. Thank you

Please, give the link here. I can't find your app at Play Market. Thank you

EarnBitcoins.XYZ

newbie

Activity: 35

Merit: 0

Why did you choose Exmarkets exchnange for IEO conducting? Not something bigger and more famous?

hebi16

newbie

Activity: 56

Merit: 0

I didn't understand, what for Mainsale app can be used for if your tokens aren't listed anywhere yet.

workasset1

newbie

Activity: 170

Merit: 0

Quote from: Koobtcgal on July 29, 2019, 06:29:12 PM

One thing that must come in mind when we hear about stable coins is that are they really backed by real fiat to make them stable? The reason behind every better stable coin is to have some reserve for any amount of minted tokens. We just don't create any tokens at all and name it a stable coin. I am not against your project but you have to let's know more about any true reserves you have.

This question has already been answered. But for your own convenience, We will be selling ROKS at 1.01 USD apiece. Each ROKS sold will, therefore, be automatically backed by at least one USD. The backing is stored with Prime Trust, which is a U.S.-based (and therefore U.S. regulated) entity. We do not promise 1-1 backing however. At some point in time 1-1 backing is not necessary because depending on which use-case ROKS is most used, assets other than USD can be used to back ROKS.

workasset1

newbie

Activity: 170

Merit: 0

Quote from: d3m1tha on July 29, 2019, 01:48:49 PM

Quote from: vinirocket on July 28, 2019, 01:06:15 PM

How are you going to resolve legal issues? Such operations with cryptocurrencies may be illegal in many countries.

It's really important question. How is it going on in Philippines and other SEA countries?

I don't understand the question. Can you elaborate?

workasset1

newbie

Activity: 170

Merit: 0

Quote from: vinirocket on July 28, 2019, 01:06:15 PM

How are you going to resolve legal issues? Such operations with cryptocurrencies may be illegal in many countries.

We will operate only in countries or jurisdictions in which ROKS is legal.

Koobtcgal

full member

Activity: 714

Merit: 100

Acewins.io

One thing that must come in mind when we hear about stable coins is that are they really backed by real fiat to make them stable? The reason behind every better stable coin is to have some reserve for any amount of minted tokens. We just don't create any tokens at all and name it a stable coin. I am not against your project but you have to let's know more about any true reserves you have.

manureal21

newbie

Activity: 36

Merit: 0

Quote from: Ruzer on July 27, 2019, 09:33:45 AM

Quote from: alienware on July 26, 2019, 09:12:57 AM

Quote from: purely on July 24, 2019, 05:37:30 AM

CMC doesn't know Exmarkets exchange, and it seems it's been made only for launching IEOs

Is it true? Has anyone here ever traded on Exmarkets?

CMC didn't list a lot of exchanges, you can search for ExMarkets here: coingecko.com

Listing on Exmarkets (the first exchange) will be only in a month or even later.

d3m1tha

newbie

Activity: 31

Merit: 0

Quote from: vinirocket on July 28, 2019, 01:06:15 PM

How are you going to resolve legal issues? Such operations with cryptocurrencies may be illegal in many countries.

It's really important question. How is it going on in Philippines and other SEA countries?

dharmapriya

newbie

Activity: 35

Merit: 0

Or they can educate people, explain them theory about cryptocurrencis and stable coins and make them use Rockstable for remittance

Ruzer

newbie

Activity: 44

Merit: 0

Do you want how much people around the world use cryptocurrencies for remittance? And how much people in Phillippines? This number can be considered as your potential market

tomcio2001

newbie

Activity: 59

Merit: 0

Quote from: tomcio2001 on July 27, 2019, 08:36:27 AM

I found this https://cointelegraph.com/news/philippines-based-unionbank-completes-blockchain-remittances-pilot article, isn't it related to your token?

Did you actually read this article? It's definitely not related to Rockstable

vinirocket

newbie

Activity: 112

Merit: 0

Quote from: JEFFREYonBT on July 28, 2019, 12:20:21 PM

Quote from: franciscodgv on July 19, 2019, 05:46:08 AM

If you are from Phillippines, why to bind price to USD, not to your national currency?)

I guess I heard about some token or coin that is or will be pegged to peso if i'm not wrong.

If you peg your coin or token to Philippines' peso it can be used only there, for international market it's not good.

JEFFREYonBT

newbie

Activity: 34

Merit: 0

Quote from: Ruzer on July 28, 2019, 02:22:50 PM

As I understood, it will be hard for vendors to understand and install the MainSale app and they will need help with it, correct?

I hope it's not true because user-friendly interface and easy integration is very important.

helenka

newbie

Activity: 27

Merit: 0

Quote from: jacafbiz on July 28, 2019, 02:49:50 PM

I have lost counts of the number of times that I have read about a project coming out of Phillipines and trying to make the most of the remittance market, I think for any stable coin to be huge success in this space, there is need for proof of reserves, though some people would point out to makerDao, this is still more of an experiment and most of the big exchanges have not listed it on their platform

It's only your words. Where are the project from Philippines for remittance market? Can you show me?

Topic: [ANN] New Stabletoken ROKS on the Ethereum network - page 44. (Read 19143 times)