[directly]

If you could exchange your crypto assets with other participants between different blockchains directly and trustless — what should be the most important for you?
Please, comment. We are working on it.

[Market size]

Market size

Last three years Over-The-Counter cryptocurrency market keeps on growing in volume and clients amount across the globe according to many reports of brokers and companies involved in the process.
OTC turnover in 2018 amounted to more than 5.471 trillion USD equivalent¹.

Daily volume 2019

OTC Market
$30B+

Crypto Exchanges²
$20B

DEXes³
$2.3B

The research part from Capco
1 Based on reports by Bloomberg, Bravenewcoin, Circle, Statista, CCN and 10+ another sources.
2 Crypto exchanges volume
3 DEX daily volume

Why OTC broker (instead of a crypto exchange)?

• Lack of liquidity — crypto exchanges have low liquidity. OTC desks are good for pushing through large trade orders searching for market liquidity.
• Price protection, Anonymity — OTC is good for moving large orders which avoids impacting the price, e.g. 1,000 BTC. Order depth will not show up like it does on an exchange.
• No fiat onramp — few crypto exchanges have a fiat onramp (though Binance is working on it and already have some solutions in place in Asia).
• Avoid price ‘slippage’ — price slippage occurs on exchanges when the executed price is different to the expected price.
• Avoid prohibitive crypto exchange limits — the majority of crypto exchanges have prohibitive trading limits. For example, Coinbase limits purchases to $25,000 per day. Kraken only lets you withdraw $2,500 per day and $20,000 per month. Circle imposes withdrawal limit of $3,000 per week.

Who are the main buyers and sellers?

At the moment, the main buyers are hedge funds and the main sellers are miners. In Oct 2018, it was reported in Reddit Rumours that hedge funds were buying large volumes from miners. The main participants trading crypto OTC are:

• Hedge funds, smaller asset managers, family offices (buyers).
• Miners (sellers).
• Regulated broker-dealers (on account).
• Crypto exchange OTC desks (on account).

What are the main problems?

• Settlement risk — there is no guarantee the asset will be delivered, or cash will be paid. Coin transfer often happens much faster than the wire payment transfer (often by several hours).
• No custody solution — most OTC brokers don’t provide a custody solution (or provide a very limited service), which can increase settlement and operational risk.
• Multi-jurisdictional KYC issues — dealing with countries with poor KYC regulations can be a deal breaker.
• If you execute through an OTC broker you need, for example, to deliver the ETH to the broker. There is no guarantee the brokers client will pay.
• The larger the order the greater the risk of default with multiple counterparties.
• OTC crypto is missing the monitoring and surveillance tools of traditional trading systems.

What we do?

ROX Capital AG team is working on Decentralised Finance technology which brings fully trustless direct asset exchange tools to customers of OTC companies and crypto exchanges.

ROX is designed the platform that helps to build trust between exchange members based on a trustless technology which retains assets control by beneficiaries on any stage of a process.

The system of Smart Contracts provides a simple tool that help participants exchange Proof-of-Funds in seconds without moving funds to a broker or third party escrow until needed amount and price requirements achieved from both sides.

>> Schema <<

Features

• SaaS Provider for OTC and other Institutionals
• Trustless Smart Contract Network⁴
• Impersonal Orders with Proof-of-Funds from KYC Verified Members
• Integration with third party OTC desk
• Referral program for Agents and Deal Merge Fee Trustee
• Onchain trustless deals initiate by manager or beneficiary
• Cross-chain⁵ Trustless DLT System

4 Trustless Network is based on blockchain opportunities, the system provides manager or
beneficiary to setup terms for each deal, including price, referral fee amount, choose exact whitelisted tokens for both sides of exchange, also minimum transaction volume or fix lot for change. The all details are transparent and available in blockchain comments and through the provided interface for both sides.
5 On the first stage we provide Ethereum ERC-20 based MVP which is demonstrate the concept and during the public Beta-test continue working with Bitcoin blockchain integration stability.



Two or more OTC brokers can merge any deal, set-up needed fee size and share it through built in partner program.
Time is saved for all market participants — from agreement to transfer receipt both sides could spend less than 1 hour, instead of days or weeks.
Anonymity is protected — large impersonal reliable orders and no needed meetings anymore.

As the majority of brokers execute based on Request for Quote (RFQ) and ‘Fill or Kill’ (FOK). That’s why we created four types of contracts:
1. FOK with two participants and fix lot order.
2. FOK with two participants and minimum order amount.
3. One side offer can be filled with unlimited transactions from second side and minimum order amount.
4. One side offer can be filled with unlimited transactions from second side with fix lot order.

Contracts can be declined by initiator any time before lot or minimum order amount fulfilment. If declined, all funds returns to senders without any fees. Same as escrow but trustless.

Options

ROXY provides:
1. Web app cabinet, where broker prepare a deal in three simple steps: choosing contract type, fill up details (tokens for buyer and seller, price, lot/minimum amount, fee, other additional details) and creates contract with transparent accepted by participants terms.
2. White label integration.



The service is provided under an agreement B2B to a companies authorised to proceed exchanges of crypto assets for their customers according to regulatory agreements in the countries where entities operating.

ROXY launch Q1, 2020
Early access is going in January

Request for beta


Follow updates in telegram channel.

[1,600,000,000 RCI]

The ROX Crypto Index is an element of a common cryptocurrency index formed by the Swiss company R.O.X. to increase the return on investment by investors, as well as reduce their risks. Professional team forms its own “investment portfolio”, which includes three indexes — RCIC (7 currencies), RCIB (16 currencies) and RCIA (30 currencies), where each index reflects not only the ratio of one currency to another, but also to a variety of currencies, but also the level of their market capitalisation.

ROX Crypto Index is an indicator of both the activity of the company as a whole and the development of its investment portfolios, in particular, reflecting thus an increase in the return on investment by investors.

A team of international lawyers, tax consultants and financial analysts from Bayreuth, Heiden and Frankfurt are responsible for the formation and adjustment of investment portfolios. Each portfolio is evaluated monthly. Trust agreement protects investors from information leakage. Qualified Investors get professional tools, save time, reduce risks and use the high potential of the cryptocurrency market to increase their capital.

Transparency of investments is provided with dedicated cryptocurrency cold storage addresses. An investor always sees his investment in the ROX Crypto index.


Monetisation of the investment portfolio is provided from the beginning of sales of the ROX Crypto Index.

The first type of income is 2.5% maintenance fee.

The second type of income 15 to 30% of the index profit.

70–85% get investors in the index.

Other types of income in the interest of security are hidden and will be announced as soon as they are ready.


The company pays to tokenholders dividends once a quarter 30% of profits via a smart contract.

Another 30% of profits the company spends to buyback the tokens at the latest price of tokensale according to the requests received.

40% — for development, marketing and sales network increase.


The company totally issued 1,600,000,000 RCI ERC-20 tokens based on Ethereum blockchain.

Swiss AG with authorized capital of 100,000 Swiss Francs guarantees it’s investors protection of their investments. The FINMA license confirms the high professional level of the company’s team.

160 RCI tokens equals 1 company’s stock. All Smart Contracts go through registration and patent procedures and are contributed to the company’s capital.


Tokens are distributed:

54.81% — company development, marketing, infrastructure development.

20% — team bonus will have been locked up to 2 years. Team members will receive only bonuses in the form of agreements.

Payouts will be made on the basis of labor contracts and expiration of the contract.

17.18% — sold out on private sale. These tokens don’t take part in the buyback of the company’s profits.

5% — advisors’ fund with blocking payments up to 1 year.

3% — bounty program.


Plans for the company on the official website.


Referral bonuses for tokensale with a personal link is 4%, can be withdrawn to ETH instantly or buy RCI tokens (reinvest).

Referal bonuses for selling indices 10% of the first type of income monthly. And 5% of the company’s net profit once a year from the second type of income.