ROSCAcoin (RCA) is cryptocurrency, which is supported by self-governing, autonomous, decentralized, based on rotating blockchain platform and Savings Credit Association (Rosca).With blockchain technology that includes smart contract features, ROSCAcoin is able to build ecosystem financial solutions that leverage social capital and trust to collaborate with better finance options by eliminating higher borrowing costs, financing ease.
The majority of these people are from remote areas or villages, who lack access to banking facilities and network infrastructure, or face restrictions by national governance limits. Banks or financial institutions are also challenged to reach them. For example, a farmer in a remote town in the Philippines is far from loan applications both domestic and foreign.
To provide solutions to the above uncompromising situation, the concept of ROSCAcoin is thought out and designed to help people who are “cut off”. We believe cryptocurrency is the answer, as it is easily accessible anywhere in the world without restrictions with low transactional costs. In addition, with Blockchain technology we will be able to create a decentralized platform to help individuals or businesses to be a source for investors from around the world.
The world market volume of ROSCAcoin is estimated at more than 500 billion US dollars per year. (Calculations will be 1% -10% of the country’s GDP, oriented to India). In addition, the P2P lending market is growing rapidly and has a market capitalization of $ 70 billion per year globally.
Build ongoing partnerships with wealthy and business people who will invest to provide financial solutions and seek access to financial opportunities for those in need,
Create a decentralized financial solutions system using blockchain technology,
Create a transparent platform for each involved party to enable users with the power to monitor and manage their financial solutions without third party involvement,
Create a crypto community where rich and commercial companies connect directly with their stakeholders.
THE ROSCACOIN ECOSYSTEM
The ROSCAcoin ecosystem is a complete, transparent, free and effective financial solution. This ecosystem will contain some of the financial solutions provided to users for investment or lending purposes, the financial platforms in the ROSCAcoin Ecosystem are as follows:
ROSCA Loan Circle (RLC)
Credit Score ROSCA (RCS)
ROSCA Merchant Program (RMP)
ROSCA P2P Platform (RPP)
ROSCA Crowdfunding Platform (RCP)
ROSCA Charity Platform (RYP)
ROSCA Lucky Draw Platform (RLD)
In addition, we will also seek investment in some potential projects that can promote ROSCAcoin, such as :
Merchants for goods and services,
Building Internet and network infrastructure in remote areas,
Build ROSCAcoin Kiosk in remote areas to help our users. Allocated fund team:
45% of the funds received from the RCA token will be distributed according to the salary and benefits of the team, as they believe that team members are the main assets in the ROSCAcoin organization. 15% will be allocated for office and overhead expenses, such as office rent, utilities, furniture and installation. 15% will be allocated to contractors, including legal counsel, remuneration for outsourcing services. 10% is financing marketing activities, and these expenses include business development and digital marketing. 10% for other projects, such as sales for sales agents ROSCAcoin, kiosks and building infrastructure for remote areas. 5% of the funds set up reserves for unforeseen circumstances.
