Cryptocurrency changes the financial world, we can now transfer currency without the need of a bank or third party, its blockchain nature and a public ledger make it transparent and trustworthy. Thanks to the improvement of blockchain technology many see this an opportunity to be used in many industries which rises to many ICO’s. Past years many ICO failed or lost in value, not because of the developer's fault, but due to one problem in cryptocurrency which is high volatility because of that many developers introduce stable cryptocurrency or what we called stable coins. Stable coins are coins are cryptocurrency coins which are fixed to the value of a fiat currency or backed by a commodity like gold it is designed to solve high volatility in cryptocurrency. Stable coins encourage users and even small establishments to accept crypto payment without the fear of losing their value. Stable coins can also be used in cryptocurrency trading charting for technical analysis is easier compare to BTC or Eth as a base currency, because of the volatility of the base currency you must also monitor its chart against US dollar for accurate educate decisions on cryptocurrency trading. It also the best option in a bear market or FUD in cryptocurrency for taking profit or taking a cut loss without leaving cryptocurrency sphere. The current stable coins are not perfect, for example, is tether the most popular stable coin suspect for market manipulation, lack of transparency and doubtful reserve of the US dollar, thus as much as possible avoid tether.
Knowing the Importance of stable coins I will introduce to you a new stable coin introducing ROCKZ “the world’s most bulletproof cryptocurrency. ROCKZ is not an ordinary stable coin unlike other fiat currency back stable coin which mostly back of the US dollar, ROCKZ is backed by the Swiss Franc (CHF) which is known by many traders and investor as the “safe haven” currency because of almost no visible inflation of CHF even on economic crisis it appreciates. CHF is one of the most traded currencies in the world and the strongest currency. Unlike other stable coins, ROCKZ features full transparency, full protection in case of bankruptcy, and direct ownership.
Potential uses/advantage of ROCKZ (RKZ):
- ROCKZ can encourage small, big establishment and e-commerce as another source for mobile payment because of its advantages compared to other cryptocurrencies remove the worries of any establishment.
- ROCKZ might encourage other traders and investor to use ROCKZ token when they know it's backed with CHF. ROCKZ can be the best choice when the crypto market is hit by FUD. ROCKZ can be a good or the best choice as a base currency in cryptocurrency trading. A good base currency must have a stable price for easy technical analysis (charting), unlike BTC or ETH that have a sudden price drop or price hike that affect the trading pair price dramatically against the base currency.
- storage of wealth, the dollar is known to lose its value over time gold is fluctuating and bitcoin is known to be highly volatile. ROCKZ is a potential choice for low-risk storage or bank.
- can be used as P2P payment as well.
Two token models:
In order to establish ROCKZ (RKZ) the Rockz platform will introduce two token, one is ROCKZ (RKZ) an ERC223 token and Alprockz (APZ) tokens a utility token to access the Rockz platform and will give some benefits depending on the amount of APZ token you hold, Alprockz(APZ) is not designed as a currency. Rockz platform is where you can buy and sell ROCKZ (RKZ).
Final thoughts and conclusion:
As an active trader, I always look for an alternative coin for tether as I always use it because of easy charting even crypto trading robots as Cryptohopper suggests it. As I read the Whitepaper this might be the answer for anyone looking for stable coins for trading or as wealth storage. Definitely a project we are looking to be the next Tether but better!
For more details visit:
Website
Whitepaper
Twitter
Author:gawer33
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