[ANN] New Stabletoken ROKS on the Ethereum network

[workasset1]

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

We are from Sheridan, Wyoming. We never said that the company is based in the Philippines. We will cover the Philippines initially with our platform then after that, the rest of the world.

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[workasset1]

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.

It's not obligatory. Since ROKS is an erc20 token then any ERC20 supporting wallet can be used.

[workasset1]

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

We are not an exchange. 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.

[workasset1]

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

Our Mainsale app is not mainly made for vendors and retailers, anybody can use it for their different transaction and purposes. It is user friendly, fast and reliable.

[bitcoinnederland]

I thought cryptos are always made for cross-border payments and every token or coin can be used for that. Why your ROKS is different, besides the fact of being a stablecoin?

Yes, every coin can be used always made for cross-border payments, but if it's a volatile cryptocurrency then no vendor would accept it as payment in the destination country. Even if you send a stablecoin like USDT to a recipient in another country, how will that recipient spend the USDT she received? Our stabletoken ROKS comes with its own payment system that allows vendors to accept ROKS as payment.

You are right. I even heard about another Philippines project that used stablecoin, but pegged to peso, for remmitance. I don't know what's going on with that project now, anyway.

[fusion_lab]

Finally, a Stabletoken You can Use at the Corner Store

No., I can't. I will be able maybe, some day in undefined future (but I'm not sure).

[Falco111]

Is eveyone in your team from Philippines? facebook gives an address in United States

[bkvaluemeal]

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

Does Tether have a real proof of reserves? Everybody has doubts on it, but it hasn't fallen anyway yet.

[bitcoinnederland]

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

I think you need somebody to make a review and explanation how to use your Mainsale App. It's only my opinion. Thank you.

[linards1000]

I'm sure that Rockstable could reduce costs (commissions) that people spend for remittance right now, the team just needs to make ROKS more well-known and widely-used for that.

[workasset1]

Is eveyone in your team from Philippines? facebook gives an address in United States

No not all, we have an international team composed different nationalities and backgrounds. You can visit us: https://rockstable.io/team

[workasset1]

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

I think you need somebody to make a review and explanation how to use your Mainsale App. It's only my opinion. Thank you.

We already have video on how to use our mainsale app. Please subscribe to our youtube channel: https://www.youtube.com/channel/UCg-PkAJFX_OIL6yex5Fs_wg?view_as=subscriber

[mitko97]

Everybody is talking that Philippines issues stablecoin, so you may be a little late, I guess. Or your coin is different and better?

[bitcoinnederland]

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

Once your in google playstore, just type Mainsale app in the search box or try this link: https://play.google.com/store/apps/details?id=com.rockstable&hl=en

Your app doesn't work on both of my phones. It says "The application is not compatible with any of your devices."

[fusion_lab]

Rockstable token can become a new standard of stablecoins when it's released, I hope so. It should have a lot of new features

[zphanjakidze]

Do you and your project have support from government or private institutions or just some whales?)

[olegsiziy]

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

We are from Sheridan, Wyoming. We never said that the company is based in the Philippines. We will cover the Philippines initially with our platform then after that, the rest of the world.

So, why? Why Philippines? Not Indonesia, India, Korea or any other country? I can't understand this.

[Anarchy101]

How do you guarantee that the price of your tokens will remain stable in the long term? Are you going to put some money as collateral for that?

[bkvaluemeal]

You are from US, ok. Is it allowed and legal for people in USA to invest and use your tokens?

[mitko97]

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

We are not an exchange. 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.

When are you going to do it? So when you deposit, we can trade and withdraw then?