[ANN] New Stabletoken ROKS on the Ethereum network

[nouurhan]

-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

This is all good but why you would need new coin for this, you could easily achieve this by using any other currency with fast transfer which would be changed in the other end to USDT or FIAT fast enough.
Still the question remains also , those who would need to use those transactions .. do they have smartphones and knowledge how to use them This still is my main concern.

Each stablecoin has its own stabilization mechanism. Ours is very simple in the beginning and we will automate and decentralize what can be automated and decentralized.

We are unique among stablecoins in that our initial focus is on the accept-side. We call this accept-side strategy "value trust transference". I am writing an article about this in three months. Once you get the idea, you yourself will want to introduce your own stablecoin

Thank you. But why only in 3 monthes? Isn't it too long to wait? When are you going to release the full version of Rockstable?

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[LEVADA]

I hope you have plans to cooperate with such top exchanges like Binance, Coinbase, maybe Indodax. Exmarkets is not serious.

[antenym]

I am glad you don't call your token "USD+ some letter", I'm tired of such "USDbla-bla-bla", it's nonsense. So I'm your fan just only for that)

[don8297]

Rockstable can be a real threat for current stablecoins, as it has more preferences among them. The question is only about adoption.

[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

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

What type of phone do you use? android or IOS?

[workasset1]

How are you going to make it easier to redeem fiat from ROKS? if you think it's very important

Here is the main idea behind "value trust transference": just make it easy to redeem fiat from ROKS. That's it. We are establishing local partnerships that will make it very easy to redeem PHP or USD from ROKS at licensed partners. The vendors and recipients may only do this once, and that should establish the trust. Later, we will make it very convenient to just use ROKS without first converting it to fiat.

[workasset1]

How Can You Participate?

Right now we have lined up a couple ways that you can participate:

• You can buy our EVAN tokens when it becomes available;
• You can buy our EVAN tokens and actively seek vendors who are willing to install our point-of-sale app called "MainSale".

We are currently applying to list our EVAN and ROKS tokens at exchanges. EVAN tokens are a territorial license to MainSale. Once listed, you can buy EVAN tokens as a passive participant or an active participant. You are a passive participant if you buy EVAN tokens and do nothing with these. You can sell them later, but once you sell and install our MainSale app to a vendor's device you become an active participant. As an active participant, the benefits are

• The vendor pays you for helping understand and install the MainSale app; and
• The payment system pays you 0.7% of the amount paid in ETH for every ETH payment received through that MainSale app.

So, to participate, I can buy EVAN tokens only? What do you mean by "territorial license"? Thanks for the answers.

EVAN tokens represent territorial licenses and are free initially. Each evangelist is local and belongs to a territory. In this territory (usually a city), there can be several evangelists. Each evangelist can recruit and license a number of vendors, depending on how many EVAN tokens he holds in his wallet.

Every EVAN token used represents income to the evangelist in two ways: we will pay 1 ROKS for every EVAN token used to install the MainSale app. The other income source is a large portion of the transaction fee for every ETH payment, 70% of the 1% transaction fee, or 0.7% of every payment amount. The payment smart contract automatically pays the evangelist this 0.7% for every transaction.

[workasset1]

Hi there. Will your solution for cross-board payments be cheaper and easier than current ones, like Paypal, Payoneer and others?

Yes, it will be cheaper because we don't charge for the remittance itself. We earn on the spread (we buy at $1.01 and sell at $0.99). So the only cost that our users will incur to send money is the network fee, which is less than 10 cents (at current gas cost and ETH exchange rate).

[workasset1]

So your Mainsale app https://play.google.com/store/apps/details?id=com.rockstable&hl=en is working now? Or is just being tested? How to use it?

It's already a working app. We already released the IOS and android versions. You can already install it and try it. We would like to get your feedback.

[workasset1]

Well, I'm agreed it is smart to use cryptocurrencies, for example, stable coins, for remittance? But this idea is nt new. So why not to use existing tokens/coins, that are more popular and more trusted?

It is not possible to use existing coins because they already have their own purpose or function. Some of these coins work as a utility token for the mainnet or platform of each project. It is better to use ROKS because it will be a "medium of exchange", which means it can be used to buy anything. Remittance is our "go to market", meaning it is an initial use case. There will be many uses cases. will be a "medium of exchange", which means it can be used to buy anything. Remittance is our "go to market", meaning it is an initial use case. There will be many uses cases.

Roks is better:

1. Very simple stability mechanism;
2. Pegged to USD but does not promise continued 1 to 1 redeemability;
3. Has its own payment system to allow it to flourish outside of exchanges; and
4. Accept-side, value trust transference strategy aims to get network effects started faster than others.

[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.

It's obvios that anyone can test it but for what reasons? Is there any video tutorial fr your app, by the way?

The answer to your questions is pretty obvious, you need to test it to make sure there are no bugs on the app and its better to have a first-hand experience of using the app. Yes, there are a lot of videos, you can check our youtube channel: https://www.youtube.com/channel/UCg-PkAJFX_OIL6yex5Fs_wg?view_as=subscriber

[workasset1]

I really was sure your project is made for Filipinos and by Filipinos. Maybe, some people in your team are from Philippines but live and work in USA?

Our project is not for Filipinos only. Anybody can buy it and send to their loved ones. We focus initially on the Philippines because we are not Facebook who can market to several countries right off the bat. And yes, some members of the team lives and works in the US.

We understood that some people in your team are from USA, but are some from Philippines? Do you know its domestic market?

Yes, there are some members from the Philippines and we know the domestic market in the Philippines.

[workasset1]

-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

This is all good but why you would need new coin for this, you could easily achieve this by using any other currency with fast transfer which would be changed in the other end to USDT or FIAT fast enough.
Still the question remains also , those who would need to use those transactions .. do they have smartphones and knowledge how to use them This still is my main concern.

Each stablecoin has its own stabilization mechanism. Ours is very simple in the beginning and we will automate and decentralize what can be automated and decentralized.

We are unique among stablecoins in that our initial focus is on the accept-side. We call this accept-side strategy "value trust transference". I am writing an article about this in three months. Once you get the idea, you yourself will want to introduce your own stablecoin

Thank you. But why only in 3 monthes? Isn't it too long to wait? When are you going to release the full version of Rockstable?

We already released our Mainsale app and its already available in IOS and android version.

[workasset1]

People won't help you for Evan tokens. Firstly, they don't even know its price. Secondary, they can't be sure Evan will be listed somewhere and its price won't be dumped

It's really just a matter of educating people about the benefits and purpose of Evans. Once they understand the difference between Roks and Evans then they will be interested in it.

[workasset1]

Why do you think that new stabletoken like this project will become available, not even Philip will interesting with

I don't understand your question. Can you please elaborate?

[workasset1]

How are you going to promote Rockstable token? Conferences, meetups, paid advertising, medua coverage?

We already have marketing strategies in line for Rockstable. It's just a matter of making sure that we develop our product or platform first which is the mainsale app. We want to make sure that there are no bug or glitches. We already have a timeline specifically for marketing. We will keep you posted.

[workasset1]

Why you can not establish an Evan cost at the start? It is very important for investors

It's free at the start (price = 0) that's why there's no point in listing it in any exchange initially. This is to attract the first evangelists and vendors to our payment system.

If it's free, what's the profit for evangelists to recieve this tokens? Or they can use them for different ways?

EVAN tokens represent territorial licenses and are free initially. Each evangelist is local and belongs to a territory. In this territory (usually a city), there can be several evangelists. Each evangelist can recruit and license a number of vendors, depending on how many EVAN tokens he holds in his wallet.

Every EVAN token used represents income to the evangelist in two ways: we will pay 1 ROKS for every EVAN token used to install the MainSale app. The other income source is a large portion of the transaction fee for every ETH payment, 70% of the 1% transaction fee, or 0.7% of every payment amount. The payment smart contract automatically pays the evangelist this 0.7% for every transaction.

[helenka]

What do you think about current bitcoin price rising? Will it last for long? And how does market situation affect on ROKS?

[omegagd]

Rockstable can be a real threat for current stablecoins, as it has more preferences among them. The question is only about adoption.

What preferences does it have? I mean to be more successful they have to be etheir simply the best or one of the most known

[JEFFREYonBT]

Why would vendors and retailers accept Rockstable? What benefits for them?