Last year saw the dramatic highs and alarming lows of an unstable currency in flux; cryptocurrency is not the dream investment many hoped it would be.
In 2017 alone, we witnessed the price of bitcoin reach $20,000 only for it to collapse a few days later. This affected investors and pulled the value of other cryptocurrencies down with it. The total capitalization of the market has decreased more than twice this year (2018) already.
The slump has led to inevitable losses for investors and small-time enthusiasts alike. The crash has also slowed the introduction of cryptocurrency into commerce as companies (in particular e-commerce) have become spooked. They have seen how spontaneously the value of cryptocurrency can change. Thus, cryptocurrency is not fulfilling its potential as a means of payment.
Rockz is planning to change that.
Rockz is a new cryptocurrency that brings solidity and trust to the volatile cryptocurrency market. It is a bridge between “traditional” banking and financial organizations and the crypto-currency sector. Unlike most cryptocurrencies, Rockz is pegged in value to one of the world’s strongest and most sustainable currencies, the Swiss Franc.
All Rockz tokens are equal in value to their Swiss Franc counterpart in a 100% transparent and legally enforceable way. Each Rockz customer can exchange their coins into Swiss Francs without having to rely on unsavoury methods. In this way, Rockz users can avoid market risks related to high volatility. Rockz is an alternative instrument with a stable and politically neutral asset which can compete with other market leaders.
The Rockz platform reserves 100% of the proceeds from the release of Rockz tokens; with up to 90% of these funds stored in secure vaults in banknotes and remaining 10% saved in bank accounts to ensure liquidity. As Platform reserves are already available into Swiss Francs, Rockz holders bear no liquidity risk.
Furthermore, Reserves are held on a fiduciary basis, in the name of Rockz Platform but for the account of the Rockz holders, with financial intermediaries (banks) and vault operators.
Even in the case of bankruptcy, Reserves will not be affected by the insolvency proceedings. Coin holders will benefit from the transfer of their rights to financial intermediaries (banks) and vault operators as provided under Swiss law. In such a case, Rockz coin holders would be able to get their Swiss Francs directly from the relevant financial intermediaries (banks) and vault operators.
Rockz also allows users to reduce the inherent security risks of wallets and exchanges. The exchange of Rockz tokens into Fiat can occur only after a complete KYC has been passed, that way, a paper trail exists to ensure an attacker can be convicted. To maintain security, Rockz delivery in equivalent Swiss Francs is only available for platform users. Only Rockz platform clients can transfer equivalent Swiss francs to their bank account, credit card account or get notes physically delivered in Switzerland.
Let Rockz be your cryptocurrency bank account — as safe and sound as Switzerland itself!
