ROCKZ is an established platform to bring solutions
ROCKZ is an established platform to bring solutions to current weaknesses experienced in the cryptosphere. This might include the absence of a credible anchor in the traditional economy – the approach to the benefits of temporary books is still left in crypto; approaches to addressing the risks of opponents, security and markets. Institutional investors, for example, funds, insurance companies or pension funds, will enter this new asset class, which is not deducted from traditional businesses.
The virtual currencies that have appeared relatively recently have already managed to interest many traders and investors who wish to receive a high income in the shortest possible period. However, their desire at the moment is associated with certain problems in the world of the cryptocurrency industry, which include:
the lack of state regulation, which allows to protect the funds of traders and investors,
transferred to the account of exchanges for exchange;
high probability of embezzling funds from cryptocurrency trading floors by hackers;
high volatility of existing virtual currencies, not excluding the risks of losing money even if they are stored in a cold wallet;
a high level of fees and a long process of withdrawing funds on exchanges, which can take up to several weeks;
lack of transparency in the steyblecoin represented today, secured by physical assets or fiat currencies.
In other words, the entry of traders and investors into the cryptocurrency market is fairly easy, in contrast to the withdrawal of funds from it, which is associated with high risks, time delays and a number of difficulties.
To solve all the above problems and provide an opportunity to safely invest in cryptocurrency will allow a project called ROCKZ.
PROBLEM
Traders and investors engaging in the cryptosphere today must learn to live with certain risks. There is currently no reference or reserve currency that satisfactorily mitigates these risks. This means that, for the time being, the only safe way for crypto investors to secure their profits is to return to fiat currency and thereby exit the cryptosphere.
This identifies an inherent tension that, if left unsolved, will inhibit the future growth of the cryptosphere as an asset class.
Let's examine the nature of the risks at play.
Investors can leave fiat currency in certain exchanges, but will bear a counterparty risk since most of the exchanges are unregulated. Unregulated exchanges are effectively the owners of the assets deposited by their clients, be they fiat or coins. In case of bankruptcy, fraud or, (self-declared) hacking, those assets are completely at the risk of being lost. There are a few regulated exchanges that do protect deposits, but only to a certain limit, based on country protection schemes. At best, there are only limited protections for anyone depositing assets into exchanges.
On top of that, there is a huge security risk, with many exchanges having been hacked during the last few years. Hundreds of millions of dollars were stolen in 2017, and in cases so far in 2018, we have seen the total number of stolen assets reach alarming levels . When coins and tokens are held at centralized exchanges, investors' assets can disappear within seconds, and typically are never recovered. It has happened and will happen again.
Of course investors can, with some know-how and at additional cost, transfer their crypto investments to cold wallets in order to mitigate some security risks. Nevertheless, cold wallets do not erase the market risk of holding main coins used as a pivot or reserve, such as Bitcoin or Ethereum. These main coins still bear extreme volatility and therefore do not eradicate all risks for investors
SOLUTION
ROCKZ addresses a major shortcoming of the cryptosphere: the lack of a trustworthy anchor in the traditional economy - a way to book profits while still staying in crypto; a way to address counterparty, security, and market risks.
Institutional investors, such as funds, insurance companies or pension funds, are willing to enter this new asset class, which is decorrelated from traditional investments. But to penetrate this new asset class they need a point of reference, a safe harbour, a reserve coin. This is ROCKZ.
The ROCKZ issuing company enables investors and traders to exchange their main crypto currencies against a ROCKZ. For each ROCKZ issued, 1 Swiss Franc (CHF) is held by the ROCKZ issuing company for the account of the coin holders. By definition,ROCKZ is stable.
The ROCKZ issuing company holds up to 90% of its reserves in Swiss Francs (the Reserves) in physical paper form (i.e., banknotes) which are deposited in high-security Swiss Alp Bunkers and Vaults. The remaining 10% is held with various Swiss Banks to ensure short-term availability of the Swiss Francs. ROCKZ is solid and agile.
COMPETITIVE ANALYSIS
However, Tether and other asset-backed coins have inherent flaws that ROCKZ does not.
ROCKZ coins are fully backed by CHF Reserves, the strongest currency in the world, with 90% in physical form deposited in vaults and banks. By choosing a physical form at a levelof 90%, coin holders don't need to fear about the safety of the banks. ROCKZ is completely transparent as regards to Reserves held for coin holders and they are audited on a monthly basis.
ROCKZ coin holders have a legal right to CHF fiat currency in an equivalent amount of their investments. Even if the ROCKZ issuing company goes bankrupt, coin holders will get their legal claims against the ROCKZ issuing company transferred by vault operators and banks.
Objective of the project
Rockz developers intend to securely link the world of virtual currencies to the real economy, provide ways to fix profits, and eliminate all the risks associated with the work of exchanges and counterparties.
Principle of operation
The RKZ virtual currency will be issued by Alprockz AG, whose head office is located 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 reserve of Swiss francs will be stored in the form of banknotes in safe vaults of banking institutions. At the same time, the remaining 10 percent will be located on deposits of the most reliable Swiss banking institutions, thereby ensuring a constant increase in the value of virtual currency.
It is also worth paying attention to the fact that all reserves will be stored on the terms of a trust mandate. This allows holders of RKZ tokens even in case 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 risks;
sellers of goods and services who wish to use a reliable and secure cryptocurrency for their payments;
miners who want to legally convert earned tokens in Fiat;
ordinary users who want to safely store their own funds.
Unlike a number of existing steyblecoin RKZ today will ensure the transparency of processes. In accordance with the requirements of Swiss legislation to combat money laundering, foreign exchange reserves RKZ will be subject to audit, which will be conducted by an independent organization. In this case, the results of the audit will be posted in the personal account of each client. Thus, each owner of tokens RKZ can at any time become familiar with the state of foreign exchange reserves.
Security of customer funds is ensured by multi-factor authentication, which requires several signatures, as well as the use of biometric data to confirm 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 availability of the P2PE encryption algorithm, which is considered the most reliable as of today.
Fees under the platform will be charged for:
RKZ delivery to cryptocurrency holders;
delivery of funds to RKZ holders of an equivalent amount in fiat currency;
delivery of an equivalent amount of banknotes in Switzerland;
the provision of partnership licenses.
ICO dates and details
The developers intend to release 175 million APZ. Public sale is scheduled for the 1st quarter of 2019. The cost of the 1st APZ will be 0.60 CHF.
Hardcap project - 53.55 million CHF.
The distribution of tokens and funds is as follows:
THE APZ TOKEN AND WHY DO YOU NEED IT TO WORK WITH ROCKZ?
PLATFORM ACCESS
APZ holders holding at least 300 Swiss Francs (CHF 300) in equivalent APZ or 500 APZ will have basic access to the ROCKZ platform.
CREDIT CARD ISSUANCES
APZ holders holding at least 900 Swiss Francs (CHF 900) in equivalent APZ or 1,500 APZ will be able to apply for a credit card with our partner bank in Switzerland. The Swiss Franc limit of the card will have to be pledged by the coin holders in ROCKZ with ROCKZ AG.
CREDIT CARD ISSUANCES
APZ holders holding at least 900 Swiss Francs (CHF 900) in equivalent APZ or 1,500 APZ will be able to apply for a credit card with our partner bank in Switzerland. The Swiss Franc limit of the card will have to be pledged by the coin holders in ROCKZ with ROCKZ AG.
COLLATERALIZED LOAN FACILITY
APZ holders holding at least 1,800 Swiss Francs (CHF 1,800) in equivalent APZ or 3,000 APZ will be able to apply for guarantees issuance. The amount of the guarantee will have to be pledged by the coin holders in ROCKZ with ROCKZ AG.
LISTING
APZ will be available for trading on selected exchanges. As APZ value is related to the usage of the ROCKZ platform, it is expected that contributors will be long-term holders of APZ. New ROCKZ users will be able to buy APZ tokens on exchanges.
SOFTWARE USED
We are utilizing several technologies to make ROCKZ work effectively; our platform
is based on:
Red Hat OpenShift container application platform (based on Docker)
Linux Server OS
Microservice Backend Architecture (Node.js)
React.js Front End
PLATFORM COVERAGE
We plan to support the following platforms:
Initial release
HTML 5 Web-based (mobile and desktop)
Subsequent releases
Android and IOS native/hybrid apps
REST Partner APIs
MVP
At the time of the ICO event we will already have the ROCKZ platform MVP available on our website.
The Current MVP Version includes following functions:
Client Side:
a. Registration including KYC check and 2FA
b. User dashboard: allows the user to view their positions at a glance and. access all functions
c. BUY/SELL order creation for RKZ using: BTC, ETH, FIAT (CHF via bank. transfer). There is no physical delivery option in the MVP, but for now it can be specially requested using secure messaging
d. BUY order creation for APZ using: BTC, ETH, FIAT (CHF via bank transfer)
e. Order history (with keyword search)
f. User Profile view/edit
g. Security settings view/edit
h. Secure messaging (encrypted)
i. Help and Support
j. Wallet Management (Wallet addresses only, used during the order process,no private keys)
k. Bank Account Management (bank information only, used during the order process, no access)
Platform Side:
a. User Account Management: user account/profile settings (clients and employees
b. Client Identification Data Management (segregated, limited access)
c. Audit Component (limited access)
d. Order Management System
e. Treasury Management System
f. Authorization Request Component (for actions that require double validation)
g. Broker Management
h. Secure Messaging
i. Wallet Management (wallet addresses only, used during the order process,
no private keys)
j. Bank Account Management (bank information only, used during the order process,
no access)
k. RKZ Component (Burn / Mint)
ICO
Token info
Token name : Alprockz (APZ)
Platform :(Ethereum)
Type : (ERC20)
Total Token Emission : 175,000,000 APZ
PreICO price : 1 APZ = 0.36 USD
BONUS
01.07.2018–15.11.2018 : 40% discount.
16.11.2018–15.12.2018 : 30% discount.
16.12.2018–30.01.2019 : 20% discount.
Tokens for sale: 26,250,000 APZ
Accepting : BTC, ETH, Fiat
Minimum investment :1,000 CHF
Total funds to be raised (Hardcap) : CHF 12.6M
Country : Switzerland
Whitelist/KYC : KYC & Whitelist
Restricted areas : USA, China, North Korea, Iran, Somali, Myanmar
Official website & Community :
Website: https://alprockz.io/
Whiterpaper : https://s3.eu-central-1.amazonaws.com/alprockz-docs/RockzWhitePaperEnglish_v2.pdf
OnePager : https://s3.eu-central-1.amazonaws.com/alprockz-docs/RockzOnePagerEnglish_v3.pdf
Bitcointalk ANN : https://bitcointalk.org/index.php?topic=5066575
Facebook: https://www.facebook.com/RockzPlatform/
Twitter : https://twitter.com/RockzPlatform
Reddit : https://www.reddit.com/r/Alprockz/
Linkedin: https://www.linkedin.com/company/rockz-ag/
Medium : https://medium.com/@rockz
Telegram chat : https://tele.click/ROCKZchat
Telegram channel : https://tele.click/RockzPlatform
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HellenXaveria
BITCOINTALK: https://bitcointalk.org/index.php?action=profile;u=980199
ETH: 0xD6AF7435Fd7c6DB12B00E92752c03A7d466A52e8