ROCKZ is a new cryptocurrency that brings solidity and trust into the volatile cryptocurrency market for the first time. Unlike other cryptocurrencies ROCKZ is backed in value to one of the world’s strongest and most sustainable currencies, the Swiss Franc, in a 100% transparent and legally enforceable way
About Alprockz
ROCKZ addresses a major shortcoming of the cryptosphere: the lack of a trustworthy anchor in the traditional economy - a way to book profits while still staying in crypto; a way to address counterparty, security, and market risks.
Institutional investors, such as funds, insurance companies or pension funds, are willing to enter this new asset class, which is decorrelated from traditional investments. But to penetrate this new asset class they need a point of reference, a safe harbour, a reserve coin. This is ROCKZ.
The ROCKZ issuing company enables investors and traders to exchange their main crypto currencies against a ROCKZ. For each ROCKZ issued, 1 Swiss Franc (CHF) is held by the ROCKZ issuing company for the account of the coin holders. By definition, ROCKZ is stable.
The ROCKZ issuing company holds up to 90% of its reserves in Swiss Francs (the Reserves) in physical paper form (i.e., banknotes) which are deposited in high-security Swiss Alp Bunkers and Vaults. The remaining 10% is held with various Swiss Banks to ensure short-term availability of the Swiss Francs. ROCKZ is solid and agile.
The Reserves are held by the ROCKZ issuing company under a fiduciary mandate and are segregated from the company’s operating accounts. Even in the case of bankruptcy of the ROCKZ issuing company, ROCKZ coin holders still have full access to their Swiss Franc fiat reserves. ROCKZ holders are protected.
The ROCKZ issuing company is building a rigorous and robust legal framework which ensures that ROCKZ is effectively backed by the reserves of Swiss Francs and that claims are legally enforceable. ROCKZ is reliable.
ROCKZ is pioneering and fostering a new level of adoption for crypto enthusiasts and investors. ROCKZ erases the main crypto market risk by pegging the coin to one of the most stable currencies, thereby reducing counterparty risk to a minimum. No other coin offers this level of protection.
Recently appeared virtual currencies have already managed to interest many traders and investors who want to get a high income in the shortest period of time. However, their desire at the moment is associated with certain problems in the world of the crypto-currency industry, which include:
- lack of government regulation to protect traders 'and investors' funds transferred to the exchange account;
- high probability of theft of funds from the accounts of crypto-currency trading platforms by hackers;
- high volatility of existing virtual currencies, which does not exclude the risk of losing funds even if they are stored on a cold wallet;
- high fees and a lengthy withdrawal process on exchanges, which can take up to several weeks;
- lack of transparency in the presented today stablecoin secured by physical assets or Fiat currencies.
In other words, the entry of traders and investors to the cryptocurrency market is quite easy, unlike the withdrawal of funds from it, which is associated with high risks, time delays and a number of difficulties.
To solve all the above problems and provide an opportunity to safely invest in cryptocurrencies will allow the project called ROCKZ.
Project objective
The developers of ROCKZ intend to provide a reliable binding of the world of virtual currencies to the real economy, to provide ways of profit-taking, as well as to eliminate all the risks associated with the work of exchanges and counterparties.
Principle of operation
Virtual currency RKZ will be issued by the company Alprockz AG, headquartered in Zug, Switzerland. This cryptocurrency will be provided by one of the most stable currencies in the world – the Swiss franc.
It is important to note that 90 per cent of the Swiss franc reserve will be kept in safe Deposit boxes in the form of banknotes. At the same time, the remaining 10 percent will be located on the deposits of the most reliable Swiss banking institutions, thereby ensuring a constant increase in the value of the virtual currency.
It is also worth paying attention to the fact that all reserves will be stored on the terms of a trust mandate. This allows holders of RKZ tokens, even in the event of bankruptcy of the issuing company, to gain access to Fiat funds in Swiss banks.
The main users of this digital asset should be:
- cryptocurrency investors who want to protect their funds from risks;
- sellers of goods and services who want to use a reliable and secure cryptocurrency for their payments;
- miners who wish to legally convert earned tokens to Fiat;
- ordinary users who wish to store their own funds safely.
Unlike some existing today stablecoin RKZ will ensure transparency in the process. In accordance with Swiss anti-money laundering legislation, RKZ foreign exchange reserves will be subject to an audit by an independent entity. The results of the audit will be placed in the personal account of each client. Thus, each owner of RKZ tokens will be able to get acquainted with the state of currency reserves at any time.
Security of customer funds is ensured by multi-factor authentication, which requires multiple signatures, as well as the use of biometric data to confirm access. In addition, customer funds are not stored on the RKZ platform, which is why hackers can not steal them. It is also important to pay attention to the presence of encryption algorithm P2PE, which is considered the most reliable as of today.
Fees within the platform will be charged for:
- delivery of RKZ to cryptocurrency holders;
- delivery of funds to owners of RKZ equivalent amount in Fiat currency;
- delivery of the equivalent amount of banknotes in Switzerland;
- providing partner licenses.
Within the framework of the platform, APZ tokens will also be launched, which will be sold during the ICO. These tokens provide investors with lifetime bonuses and benefits, including those that will appear in the further development of the site.
Dates and details of the ICO
The developers intend to release 175 million APZ. Public sale is planned for the 1st quarter of 2019. The cost of the 1st APZ will be 0.60 CHF. Hardcap project - 53.55 million CHF.
TokenAPZTypeUtilityPreICO Price1 APZ = 0.36 USDPrice1 APZ = 0.6 CHFBonusAvailableBountyAvailableMVP/PrototypeAvailablePlatformEthereumAcceptingBTC, ETH, FiatMinimum investment1 ETHCountrySwitzerlandWhitelist/KYCKYC & WhitelistRestricted areasUSA, China, North Korea, Iran, Somali, Myanmar
The distribution of tokens and funds is as follows:
Conclusion
The creation of a platform for the legal exchange of cryptocurrency for Fiat funds and a stable digital currency with maximum transparency and security is quite interesting. This project should attract the attention of investors due to the fact that all funds are stored in Swiss banks, which are considered the most reliable in the world.
In addition, the company ROCKZ AG already has an MVP, which indicates the serious intentions of the developers.
Website | Whitepaper | Ann Thread | Telegram
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