The creation of bitcoin gave rise to the era of Cryptocurrency and ever since then Cryptocurrency has grown exponentially.
The growth could be attributed to the massive interest from the public.
However , the continuous growth of Cryptocurrency is being threatened by factors such as volatility , high transaction fees , delay in transaction confirmation etc.
It is a known fact that the volatility nature of Cryptocurrency seems to be constituting a turn- off to potential investors, institutional investors and the general public.
Even developers in cryptosphere are not spared....as the cases of projects shutting down due to the drastic reduction in the amount they had raised for the further development of their projects seem to be on the increase.
Take a look at this scenario, AZD ico project had raised $100 million for the development of their project.
The $100m is exactly the amount needed to develop the project futher but at the end of the day, the team observed to their shock that the $100m hitherto realized from ico sales has drastically reduced to $30000.
This amount is so little and wouldn't be enough for further development .
Next thing is the project gets cancelled or exit scam ........exit scam is a term used to describe a project that didn't continue after collecting funds from ico sales.
Another scenario is , miss Boma bought bitcoin with fiat from a 2p2 platform ,by the time the bitcoin got confirmed ,the value has reduced by almost 5%.
Now miss Boma is making case with the seller saying that the seller didn't transfer the full amount of bitcoin paid for.....while in actual sense it was volatility that happened.
How can we talk about mass adoption of Cryptocurrency when the e-commerce sector do not recognize Cryptocurrency as a payment medium because of the volatility issues.
For the continuous growth of Cryptocurrency, there's the need to provide a solution to these challenges.
Introducing the ROCKZ, a Cryptocurrecy backed by the Swiss Francs.
Why Rockz you may ask?
Rockz seeks to mitigate the risk of volatility that is threatening continuous growth of Cryptocurrency by introducig a stable coin that is backed by a real fiat curreny ,the Swiss Francs.
It choose the Swiss Francs because it offers real protection against inflation and deflation.
It is one of the strongest fiat curreny around.
Rocks would make transactions even cross-border transactions seamless at a lower cost as against what obtains from the conventional cryptosphere.
It would eliminate the challenges frustrating the development of the blockchain technology by ensuring ta funds raised from ico sales by projects remain unchanged in value over time. This will enable developers to further develop their projects.
Rockz would make Cryptocurrency investments attractive to investors as trust is being fostered ,which will increase user participation .
Rockz would make it possible for users on the platform to be able to make payment for goods and services to merchants and even e-commerce sectors using the ROCKZ token .
Users on the platform will have the opportunity of investing and storing their coins without fear of it dimnishing in value the next minute. This would build trust and confidence while supporting the adoption rate of Cryptocurrency. .
Conclusion:
Rockz would bridge the gap between Cryptocurrency and the real world.
It would facilitate seamless conversion of Cryptocurrency to fiat.
Rockz Would create friendly atmosphere in cryptosphere that would make investment in Cryptocurrency and buying of goods and services with Cryptocurrency seamless.
This supports adoption of Cryptocurrency.
For more information about #ROCKZ :
Official website: https://alprockz.io
Whitepaper: https://s3.eu-central-1.amazonaws.com/alprockz-docs/RockzWhitePaperEnglish_v2.pdf
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2536935