OBJECTIVES AND STRATEGY
The ROCKZ mission is to make the cryptocurrency market transparent, safe and trusted for its users, so that we can secure the reputation and full potential of blockchain developments and the cryptosphere for future generations.
ROCKZ is a service, not a commodity. Its success will be measured, not in the extreme valuations of the coin, but in the number of people who trust it as their ‘port in a storm’.
The objective for ROCKZ is to be widely recognized, trusted and used by both professional investors and private participants of the new crypto reality. We have a stated aim of achieving a minimum 3% market share, making ROCKZ an essential part of the cryptosphere architecture.
SOLUTION IN LAW
The ROCKZ founding team understands that a public adoption of crypto will only happen when cryptocurrencies adhere fully to the highest standards of regulation. Using light regulatory environments (offshore) in the hope of circumventing financial regulations is not a viable and sustainable solution. In order to provide full transparency on our project, the ROCKZ founding team has decided to fully disclose each and every detail of our setup.
ROCKZ has been set up within Switzerland’s uniquely trusted and enforceable legal environment. Instead of taking a financial, proprietary risk, the ROCKZ company, ROCKZ AG, acts purely as a service provider company.
In order to deliver its project, ROCKZ AG has entered into a partnership with a FINMA regulated Swiss Securities Dealer. The Dealer creates uncertificated securities for ROCKZ which are registered with SIX Group, the financial infrastructure provider in Switzerland15. These uncertified securities have an underlying value of 1 CHF.
The Dealer creates and sets values for uncertificated securities on a daily basis according to ROCKZ AG’s requests. Based on inflows and outflows in ROCKZ, the number of uncertificated securities will increase or reduce on a daily basis. Uncertificated securities are held with the Dealer by ROCKZ AG, which acts in a fiduciary role for ROCKZ holders.
ROCKZ AG allocates, via a smart contract and the Terms and Conditions of the ROCKZ platform, one uncertificated security for each ROCKZ coin issued.
Reserves are held on a fiduciary basis, in the name of ROCKZ AG, but for the account of the ROCKZ holders, with financial intermediaries (banks) and vault operators. ROCKZ AG segregates reserve holdings from its operational accounts and obtains, where applicable, an express waiver of the right to offset assets, from financial intermediaries (banks).
In the case of bankruptcy of ROCKZ AG, the Reserves will not be affected by insolvency proceedings. Coin holders will benefit from the transfer of their rights against ROCKZ AG to financial intermediaries (banks) and vault operators, as provided under Swiss law16(8). In such a case, ROCKZ coin holders will be able to get their Swiss Francs directly from the relevant financial intermediaries (banks) and vault operators.
TRANSPARENCY AND COMPLIANCE
Alprockz AG is a Swiss company incorporated in Zug and owned by Swiss-based investors. Alprockz is launching a Token Generation Event to fund the development of ROCKZ. Alprockz is audited by VQF Audit AG17.
ROCKZ AG is a Swiss company incorporated in Zug and owned 100% by Alprockz AG. ROCKZ AG is issuing ROCKZ tokens. ROCKZ is audited by VQF Audit AG18(10). In accordance with Swiss AML regulations, ROCKZ AG will be affiliated to a recognised self-regulatory organisation.
On a monthly basis, Reserves are controlled and confirmed by an internationally recognized company whose reputation is not reliant in any way on the interests of ROCKZ AG. A confirmation is published to coin holders. In order to ensure a permanent confirmation process, we consider building a prototype, based on the same mechanics as an ATM, whereby any ROCKZ client can confirm at any time the amount held in vaults.
ROCKZ AG maintains an analysis of select banks and operating vaults and pledges to maintain a continually updated list of the banks where cash deposits are held. At any time, coin holders can request the current list of chosen financial intermediaries and vault operators as well as the guidelines used to select such intermediaries. For security reasons, the vault operators’ locations are not disclosed.
Cryptocurrency holders and ROCKZ holders go through a standard “know your client” process (KYC) and payments out of ROCKZ in fiat currencies can only be made to the same beneficiary as the ROCKZ holder, in order to prevent theft, abuse or fraud.
ROCKZ AG CHF holdings are not invested in any manner and do not bear any interest.
ROCKZ AG will work with regulated trading counterparties primarily based in Switzerland, in order to work with institutions applying the same level of professionalism, protection and safety.
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