[ANN] New Stabletoken ROKS on the Ethereum network

[negr1984]

How much funds you have for bucked your token? Are this funds is have checked by some financial regulators? Where is your company registered? And how are you going to increase your backed capital?

We will be selling ROKS at 1.01 USD apiece. Each ROKS sold will therefore be automatically backed by at least one USD. The backing is stored with Prime Trust, which is a U.S.-based (and therefore U.S. regulated) entity. We do not promise 1-1 backing however. At some point in time 1-1 backing is not necessary because depending on which use-case ROKS is most used, assets other than USD can be used to back ROKS.

So you are going to sell me a coin backed by 1.00 usd at 1.01 usd price. Great start, but what would be an advantage for me to buy it at this price? It could take many years before new coin gets enough exposure.

Really, it's not smart idea to sell coin worth $1 or less (you say backing can be not necessary), for $1.01

[ruslan95]

ROKS is a stablecoin that will a lot of features that other stablecoins and regular coins don't have, the question is only about adoption.

[Zanusik]

Did you hear about Vexanium? That coin is from Indonesia, is not a stablecoin, but it performs very similar tasks

[majky80]

Hello team. When and where can I buy EVAN tokens?
I also want to know how to make money using your point-of-sale app called "MainSale"? Thank for answer in advance

EVAN token is not yet listed anywhere. It is used for installing MainSale and registering the vendor. Normally, an evangelist would buy EVAN tokens which she would then resell to a vendor as a territorial license to use MainSale. At this time, as a promotion, EVAN tokens are free. However, it is not on main net as yet. We still have it in the Ropsten test network at this time. We will announce when the EVAN token becomes available at an exchange, but this is not an issue while EVAN tokens are still free.

According to your words, EVAN tokens will worth nothing, so it has no sense to give them to somebody)

[Cedroxim]

They have two tokens with very specific purpose. The ROKS token is the stabletoken, while EVAN tokens are used for evangelizing ROKS.
EVAN tokens can vary in price, but ROKS is currently pegged to USD.

[workasset1]

I dont see any details about your road map, how can I find the information about your plans?

As of the moment, we are still working on the roadmap (as yet).

Initially, we are mainly a remittance company, offering a very cheap but reliable alternative to sending money back home.

[cmilliorn]

If you are from Phillippines, why to bind price to USD, not to your national currency?)

Good question. Although we initially focus on the Philippines with a particular use-case, ROKS is meant to be used anywhere in the world. We chose to peg it to USD at the moment because USD is the most widely-accepted and most stable fiat currency in the world.

Why not peg it to a "basket of fiat currencies", like Facebook's Libra? Legally, that would be a thousand times more complicated. In the end, each Libra would still have to have a value with respect to any one currency in the basket. Facebook claims that pegging to several fiat currencies and not just one currency makes Libra more stable than most other stablecoins, but we doubt it. It depends on how they will legally bind themselves to the value of the whole basket.

Agreed, backing to a basket of a fiat currencies is very smart choise, so why not to perfom it right now? I'm even suprised that nobofy did it before.

[francomix22]

Another interesting idea would be to bake it for basket of not only fiat currencies, but also Bitcoin and Ether)

[hotforblockchain]

Can you explain why this is needed since it looks that there already are some extremely successful  ETH stable coins - like USDQ, which is used in most big exchanges.

Would you be just the same as USDQ or you have some advantages?

[sunil155]

Is it legal to use cryptocurrencies and, for example, solution like yours, at Phillippines? To conduct an ICO, STO, IEO?

[sereban77]

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.

You are right or what's the difference between stable coins and other coins, ROKS team?

[dennisht]

Why do you think exchanges will decide ton use your future stable coin as a medium? Why even they need this medium?

[dierypalopo]

I dont see any details about your road map, how can I find the information about your plans?

As of the moment, we are still working on the roadmap (as yet).

Initially, we are mainly a remittance company, offering a very cheap but reliable alternative to sending money back home.

Well, Bitcoin or Ethereum or every single cryptocurrency is good alternative to sending money back home.

[franciscodgv]

Your conclusions are so complicated that I can't understand them. Also, 2% commission is not very cheap.

[fpiket18]

So you are trying to compete with such coins like Binance coin, made by exchange and with such coins like Tether, right?

[soprostar]

Can you explain why this is needed since it looks that there already are some extremely successful ETH stable coins - like USDQ, which is used in most big exchanges.

Would you be just the same as USDQ or you have some advantages?

Well, they are from Phillippines))) Ah, and they will have another token for evangelists

[KaiMark]

What I think that for every single exchange is more profitable to make its own coin like Binance did than use your coin and pay you commission.

[RussianPirate]

I dont see any details about your road map, how can I find the information about your plans?

As of the moment, we are still working on the roadmap (as yet).

Initially, we are mainly a remittance company, offering a very cheap but reliable alternative to sending money back home.

How can we use your token for the remittance? Sending directly from wallet to wallet and then what?

[witak]

Now USDT is number 1 of the stablecoins and I don't think any stable coin can compete with it. But some other coins are good too.

[workasset1]

another stable currency. I wonder what advantages it will have over its competitors and what it will offer to investors.

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.