ROSCAcoin Platform operation company is decentralized system which involves a blockchain and consists of several smart-contracts in the perimeter of the block chain and its own crypto currency, And the platform is a system product created by a consortium of the most powerful, competent, and experienced logistic companies and organizations all over the world. And also blockchain and smart contracts serve as the way forward into the Industrial use, creating economies of scale and potentially aggregating supply. Decentralized manufacturing will make the industry more accessible, secure and economically sound for more ROSCA P2P Platform (RPP) is our third product by participants in a direct peer-to-peer (P2P) ecosystem.
Therefore, the RCA Wallet would central to every interaction in the ROSCAcoin ecosystem, and also be secure storage and exchange platform for both cryptocurrencies and fiat currencies, enabling users to deposit, hold, send, and exchange supported cryptocurrencies and fiat. Merchants can freely choose and switch between different blockchain assets for payments. Users can convert from BTC, ETH, RCA and vice versa, utilise peer-to-peer transfers and exchanges, and pay for merchant services.
What is ROSCAcoin?
ROSCAcoin is a multi-currency debt financing that enables individuals to borrow and lend money without intermediary like conventional finance institute. debit card platform that allows users to access, store and spend their cryptographic expenses like any other debit card. which have been designed and developed using Blockchain-based platforms where users can seamlessly use their crypto for their everyday activities.
The Main purpose of ROSCAcoin project is to building this product to increase the trustworthiness within the user who participates in the ROSCA lending circle. For instance, user who fulfill the contract often participate in huge quantity of ROSCA lending circle will get the higher credit score, reduce the collateral and increase the limit of investment in ROSCAcoin Ecosystem platforms, while user who is not dedicated to contribute and participate less in ROSCA lending circle will get a low credit score and request higher collateral and limited investment in ROSCAcoin Ecosystem platforms. Besides, the credit score can be shared with third party entity for credit history proof purposes, and it can be viewed by other users for consideration of lending or invest in the particular user.
By implementing ROSCA credit score we believe that this will bring positive effect within the community which good users will remain, and bad users will be eliminated. In addition, it will also help other users to make decision on their investment and reduce the risk.
ROSCAcoin (RCA) tokens are the currency to be transacted for the ROSCAcoin Lending Circle and other products/services provided by us. Besides, altcoins like Bitcoin, Dash, Dogecoin, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple and Wave will be supported by our platform as well in future. With the smart contract, ROSCAcoin platform will be run autonomously as per written in smart contract, transaction history will be stored in each user profile transparently, auditability and in decentralized way.
The future Aim:
The transaction charges receive from this platform will be allocate to difference ROSCA platform, breakdown by:
• 40% to be contribute to ROSCA Charity Platform
• 10% to be contribute to ROSCA Crowdfunding Platform Can provide assistance to the project which can’t reach the funding goal
• 10% to be contribute to ROSCA P2P Platform Can provide assistance to lender if borrower didn’t pay back the loan and also Can provide assistance to borrower if can’t reach the loan funding goal
• 10% to be contribute to ROSCA Lending Circle Can provide assistance to the lending circle in case bias like participant disappear without input contribution to the circle round
• 20% to be contribute back to ROSCAcoin as operating expenses
ROSCAcoin project tends to solve various prevailing problems which will be explained as we move on. The traditional system of payment is quite old, stressful and even non-efficient. It is high time technology starts being implemented in this aspect of payments. It is no longer news that cryptocurrencies are transforming the financial landscapes and the concept of money. But the problem still lies that the real world usage of these digital currencies are limited, especially in paying for goods and services. This is the major reason for the conceptualization of this project.
More Information Connect to ROSCAcoin
Website: https://roscacoin.io/
Whitepaper: https://roscacoin.io/wp-content/uploads/2018/03/Roscacoin-Whitepaper1-V1.0.pdf
Telegram: https://t.me/roscacoin
Facebook: https://www.facebook.com/Roscacoin/
Twitter: https://twitter.com/RoscacoinToken
Authorized By:
Bitcointalk Username: bright4mech
Bitcointalk Profile link:
https://bitcointalk.org/index.php?action=profile;u=1298523