Topic: [ANN] New Stabletoken ROKS on the Ethereum network - page 49. (Read 19143 times)
So are you going to make an IEO on Exmarkets right? Why? And didn't you notice that Exmarkets has another srablecoin listed
What do you mean by remote and face-to-face transactions? Can you explain me? I don't understand.
It's one on one transaction, you are talking to the person face to face and transacting your business. While remote is more of doing business from one country to another country.
this is makes a lot of sense.
i have red about similar projects which succeed. The main concern for me is that those workers and their families will have little access to exchanges , bank accounts , credit cards. I imagine they need psychical access to money transfers similar to western union just a LOT cheaper.
I remember reading about small business which started with money transfers from China to some other regions . Their customers were foreign workers who wanted to send money to their families back home.
The article was about a year ago, I cant find it now . I remember they grew to larger successful business.
I would not be surprised if this project was inspired by them.
Dear Rocks team, please do all your best because you can make a revolution bin stablecoins' market, I hope you will satisfy our requests
How to force people working abroad to use ROKS instead of what they use now? And, please answer, what systems are they actually using now for remittance?
True, hash to say but I don't find any good reason that ROKS could replace what people in oversea already use to send money back to their family.How to force people working abroad to use ROKS instead of what they use now? And, please answer, what systems are they actually using now for remittance?
True, hash to say but I don't find any good reason that ROKS could replace what people in oversea already use to send money back to their family.
CMC doesn't know Exmarkets exchange, and it seems it's been made only for launching IEOs
What is or will be the price of EVAN tokens and will it be connected to ROKS' price?
EVAN tokens can vary in price, but ROKS is currently pegged to USD.
What do you mean by remote and face-to-face transactions? Can you explain me? I don't understand.
It's one on one transaction, you are talking to the person face to face and transacting your business. While remote is more of doing business from one country to another country.
Another stablecoin, do we really need another if we have so many of them right now? Is it really something special?
Roks will be different from other stablecoins, The existing stablecoins out there are usually designed for exchanges while ROKS is meant as a medium of exchange for everyday stuff like groceries. Other stablecoins promises 1 to 1 backing at all times. We don't promise that because it amounts to very inefficient use of capital. However, we do promise to keep the peg to USD while USD keeps its value.
Than how could you say this is stable coin while there is no guarantee of capital than it will survive in long term. I think you want to say this is another cryptocurrency but want to sell at the amount of 1 USD and that is why you calling this new stablecoin.
In the beginning, it is important that there be 1-1 peg against USD. Later, as the amount of ROKS in circulation grows, standard monetary policies can be utilized to keep it stable. All actively managed currencies go through the same phases: introduction, transference of trust, active management of quantity in circulation according to measured purchasing power, etc. A currency that is managed well will keep its purchasing power through time. Different stablecoins / stabletokens will compete according to a standard measure of stability. Some stablecoins will experiment with algorithmic stabilization mechanisms; we will use whatever is proven to work.
At some point, if and when USD loses its stability and we have gained the trust of many users, we will have to break the peg in order to keep the value of ROKS on an even keel, independent of USD. ROKS will have a variety of asset backing at that point, including volatile cryptos. There may be times when the backing value exceeds the total amount of ROKS in circulation.
Do you have any Bounty program aim to spread the news of your token? I also think you need to work on your ANN to have a little bit more information and not just redirect to the website.
Yes, we will have a bug bounty but no details yet. We will keep everyone posted soon.
How to force people working abroad to use ROKS instead of what they use now? And, please answer, what systems are they actually using now for remittance?
True, hash to say but I don't find any good reason that ROKS could replace what people in oversea already use to send money back to their family. Phillippines are the first country for you to concentrate on it, what countries are second, third?
We focus initially on the Philippines because we are not Facebook who can market to several countries right off the bat.
-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.
this is makes a lot of sense.
i have red about similar projects which succeed. The main concern for me is that those workers and their families will have little access to exchanges , bank accounts , credit cards. I imagine they need psychical access to money transfers similar to western union just a LOT cheaper.
Do you now have any information about IEO? I want to invest but don't know how to do it and when.
As of the moment we are working with different exchanges to help us out with our IEO. If you are asking for the exchange where we are currently listed, it's 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.
How to force people working abroad to use ROKS instead of what they use now? And, please answer, what systems are they actually using now for remittance?
What is or will be the price of EVAN tokens and will it be connected to ROKS' price?
Yes, I don't know how to use ROCKS for remittance, as your token isn't listed on any exchange
These are just some uses of roks:
-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
-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
This is all good but why you would need new coin for this, you could easily achieve this by using any other currency with fast transfer which would be changed in the other end to USDT or FIAT fast enough.
Still the question remains also , those who would need to use those transactions .. do they have smartphones and knowledge how to use them This still is my main concern.
I will follow your news and look forward for release, but still don't sure that it will work as you promised.
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