[ANN] New Stabletoken ROKS on the Ethereum network

[Ruzer]

Do you want how much people around the world use cryptocurrencies for remittance? And how much people in Phillippines? This number can be considered as your potential market

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[dharmapriya]

Or they can educate people, explain them theory about cryptocurrencis and stable coins and make them use Rockstable for remittance

[d3m1tha]

How are you going to resolve legal issues? Such operations with cryptocurrencies may be illegal in many countries.

It's really important question. How is it going on in Philippines and other SEA countries?

[manureal21]

CMC doesn't know Exmarkets exchange, and it seems it's been made only for launching IEOs

Is it true? Has anyone here ever traded on Exmarkets?

CMC didn't list a lot of exchanges, you can search for ExMarkets here: coingecko.com

Listing on Exmarkets (the first exchange) will be only in a month or even later.

[Koobtcgal]

One thing that must come in mind when we hear about stable coins is that are they really backed by real fiat to make them stable? The reason behind every better stable coin is to have some reserve for any amount of minted tokens. We just don't create any tokens at all and name it a stable coin. I am not against your project but you have to let's know more about any true reserves you have.

[workasset1]

How are you going to resolve legal issues? Such operations with cryptocurrencies may be illegal in many countries.

We will operate only in countries or jurisdictions in which ROKS is legal.

[workasset1]

How are you going to resolve legal issues? Such operations with cryptocurrencies may be illegal in many countries.

It's really important question. How is it going on in Philippines and other SEA countries?

I don't understand the question. Can you elaborate?

[workasset1]

One thing that must come in mind when we hear about stable coins is that are they really backed by real fiat to make them stable? The reason behind every better stable coin is to have some reserve for any amount of minted tokens. We just don't create any tokens at all and name it a stable coin. I am not against your project but you have to let's know more about any true reserves you have.

This question has already been answered. But for your own convenience, 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.

[hebi16]

I didn't understand, what for Mainsale app can be used for if your tokens aren't listed anywhere yet.

[EarnBitcoins.XYZ]

Why did you choose Exmarkets exchnange for IEO conducting? Not something bigger and more famous?

[peaprotein]

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

[mrrettig78]

If somebody was looking for the Whitepaper, here it is https://rockstable.io/assets/2019_Whitepaper.pdf . Quite short, but who loves to read a lot of text?

[Galaxy23]

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

[sdcyxiaolong]

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

[MeGaBeSuNTa]

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

[mswells]

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.

[mitko97]

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.

Of course, people use stable coins for remitance, and it's not your discovery. Why? Because it's too obvious and there are plenty stable coins on the market.

[workasset1]

I didn't understand, what for Mainsale app can be used for if your tokens aren't listed anywhere yet.

The mainsale app allows small businesses worldwide, within territories defined in our payment system, to accept payments in ethers (the Ethereum Network main currency) or ROKS (our stable token).

[workasset1]

Why did you choose Exmarkets exchange for IEO conducting? Not something bigger and more famous?

We chose Exmarket because they offer 0% transaction fees for trading and withdrawal. It will be a big advantage for traders once ROKS IEO starts.

[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

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