Interesting project, I will follow your progress
Thank you for believing in us! It means a lot to us!
Why will you have STO? Is there will be some dividends for token holders? If yes, than how much from your profit will be intended for investors and how this dividends will be paid?
We strongly believe that an STO brings together the best of ICO and IPO, aiming to protect both startups and investors.
Another important aspect is that Security Token Offering allows companies to create lists of accredited and unscrupulous investors (so-called whitelists and blacklists), which helps companies comply with KYC requirements and legalization of criminal proceeds. The conditions of open information help STO to effectively solve one of the most severe problems of selling utility-tokens it increases corporate responsibility, reduces the likelihood of fraud and offers the protection of depositors rights in the event of company bankruptcy. STOs are subject to strict rules, and therefore avoid the lawless approach to fundraising, where companies set themselves the goal of collecting as much as possible and do not bother about where this money comes from. Plus, these rules create a real investment opportunity for institutional investors, which can lead to a massive influx of funds into the blockchain industry.
ROKKEX is issuing gross profit-based security tokens. Therefore, all token holders will be granted 15% of any gross profit generated by ROKKEX. It is also important to understand that financial reports will be audited by an independent auditor which means that the costs of services, included in the calculation of gross profit, will not be artificially inflated. The gross profit will be paid out on a quarterly basis.
I have a question about the security of your project? You will develop all the protection systems yourself, or ask for help from third parties, whose main activities are aimed at protecting Internet resources from cyber attacks and finding and eliminating existing vulnerabilities and holes. The issue is very relevant in the light of recent events, large exchanges are periodically attacked and some can not cope with them. People lose their money and trust in exchanges and similar projects.
That is a very accurate question!
It's very easy to miss out on some major security flaws when you're focused on your product just yourself, therefore, we're partnering with third parties to get their feedback on any possible security issues regularly. For example, we're running a self-hosted bug bounty program to engage ethical hackers in search of vulnerabilities. As well as having regular security audits (pentests) from top security companies to further improve application security. As for the asset security, we are in a partnership with Ledger Vault that provides us with top tier cold storage solution utilizing Hardware Security Modules (HSM). There are other partners that I can name such as iComply and Kafka.
Which exchange do you think is the safest at the moment?
In other words, who is your main competitor?
I lean towards coinbase
Interesting question! We think our main competitor in today's market is Kraken. As our CISO likes to say: they have the DNA of Cybersecurity company. I think most of us at ROKKEX prefer and use Kraken the most.
STO is the only legal way to attract investments for US residents. Accreditation is the right decision and the right way for a future large company.
We agree. The lack of transparency is what's really lacking in this industry nowadays and we want to change that.
