If you are reading this, I am actually inclined to believe you understand how much cryptocurrencies have gained popularity over the past few years. Cryptocurrencies still keep still keep strengthening their foothold in our reckoning in spite of shortcomings which seem inexhaustible. A major issue has come in the form of isolation in which cryptocurrencies exist, that is, it is withdrawn from the traditional economy. Some people still see this factor as a positive due to selfish interest. We will, however, not see the best of cryptocurrencies if the gap between the traditional and digital economy is not bridged.
Another major issue that we have dealt with as investors in the crytosphere is the absence of a safe way to secure our profits within the ecosystem. Up till this point, the only way to keep profit is by converting our cryptocurrencies to fiat. This really does bring to light the uncertainty which is inherent in cryptocurrencies and it has the potential of greatly limiting the growth of cryptocurrencies in the long run. Finally, taking profit out of the system and pumping back in is often costly and comes with it's own complications. These are issues I can directly relate with and that is a key reason that I've decided to draw your attention to a project which has the potential to confine these shortcomings to the history books.
Introducing Rockz
Rockz is a project which is intended to offer investors a way to book profits within the crypto sphere without having to convert funds to fiat currency. By offering a reserve coin and safe harbour, Rockz has the potential to attract institutional investors into the cryptosphere after addressing security and market risks. The Rockz is tied in the ratio 1:1 to the Swiss Franc (CHF). When Rockz is purchased by a user, an equivalent of Rockz in CHF is held by the platform for the account of the holder. Up to 90% of the reserves in CHF is held in paper form and deposited in highly secured Swiss Alp Vaults while the remaining 10% is held in different Swiss Banks with the goal of facilitating short term availability of CHF. Rockz holders are also protected in the unlikely case of bankruptcy as they will have access to their CHF fiat reserves.
Rockz chose the CHF as a backing currency mainly because of the protection the currency offers against devaluation. This is best depicted by the 78% gain that CHF has experienced against the United States Dollar since 1971.
Potential Users Of Rockz
The Rockz platform is designed with several classes of users in mind, these include;
- Early crypto adopters: People who have successfully invested in the cryptosphere and intend to protect their funds from uncertainties associated with the crpto market belong to this group.
- Institutional investors: As the participation of institutional investors continues to skyrocket within the cryptosphere, they are led to require a mechanism to pause intermittently between periods of investment activity.
- Corporate bodies and private investors: Rockz suits the needs of corporations looking to invest directly from their fiat account and also individuals who wish to receive payment in cryptocurrencies while bypassing the market risks in the cryptosphere.
- Cryptocurrency traders: Crypto traders often need a tool which helps them fix positions at certain times, enabling them to shift focus to other trades. Rockz is considered to be a significant upgrade on the instruments currently at the disposal of crypto traders.
- Users of P2P transfers: Users of P2P money transfers often look for an affordable and reliable means of sending funds across borders, which can be readily converted. Rockz offers users even more than they bargain for due to the stable nature of the coins which encourages merchants to accept them as a valid means of payment.
- Merchants: Merchants are known to desire a fast and stable means of payment collection and Rockz perfectly fits this description.
- Common users: These are users who simply need a way to safely store earning with the goal of protecting themselves against devaluation. The Rockz platform also offers them an opportunity to keep their funds safe.
From the listings above, it is clear for all to see that everyone within the cryptocurrency ecosystem stands to benefit a lot from the Rockz platform.
Closing thought
The understanding of the potential which cryptocurrencies possess is enough reason to encourage us to ask for more. The Rockz platform offers solutions that will definitely help enhance widespread adoption of cryptocurrencies.
If you intend to learn more about the Rockz platform, you can visit any of the links listed below;
Official Website: https://alprockz.io/
Whitepaper: https://s3.eu-central-1.amazonaws.com/alprockz-docs/RockzWhitePaperEnglish_v2.pdf
Telegram: https://tele.click/ROCKZchat
Twitter: https://twitter.com/RockzPlatform
Authors Btt Username: mtbosede
Authors Btt Url: https://bitcointalk.org/index.php?action=profile;u=2407189
