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
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.
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ICO Advisor | Investor | Analyst | CEO - MoneyDrome Edge - London Rated on Jan 31, 2019 Modified on Jan 31, 2019
5
5
5
24%
Alprockz is a stablecoin that is unique and truly stands out.
Unlike other cryptocurrencies that are pegged to gold or major fiat currencies, Rockz are backed by Swiss Francs and stored in segregated accounts, of which 90% of Swiss Franc reserves are stored in physical banknotes in secure Swiss vaults and the remaining 10% deposited at various Swiss banks to ensure short term availability. Rockz are covered by a solid Swiss regulatory framework and Swiss Franc reserves are audited monthly by an internationally recognised independent auditor. Throughout the decades, the Swiss Franc has established itself as the one of the most stable fiat currencies in the world and Switzerland is known world-wide for its solid reputation as banking capital of the world. Alprockz is creating the Swiss Franc of the digital age, secure and stable, ready to be used as everyday money. This deserves nothing less than 5 stars.
The first Rocks were minted on 29 January 2019 and they are now officially the first legally enforceable stablecoin, backed by the wold's most stable national currency - the Swiss Franc - and pegged 1-1, so that one Rockz has the exact same value as one Swiss Franc. Rockz concept proven, hence 5 stars
The stellar team of Alprockz features experienced directors, advisors, managers, coders and admin that cover all bases from blockchain to governance, legal to compliance, branding to marketing and everything in between. KYC has not yet been passed, however the Alprocks team has assured me that this will be completed very soon. Any questions that I had in relation to the Alprockz TGE has been responded to immediately and professionally, very impressive for a startup and rare in the startup world, therefore a well deserved 5 stars.
Looking forward to soon seeing Rockz being used in Switzerland for everyday shopping and as a regular payment method.
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