ROSCAcoin (RCA) is a crypto currency that is supported by self-regulating, autonomous, decentralized, blockchain-based Rotating and Saving Credit Associations (ROSCA). Through blockchain technology, which includes smart contract functions, ROSCAcoin can create an ecosystem of financial solutions , which uses the social capital of proxies to cooperate with the best financial options by eliminating higher costs, simplifying financing, improving investment opportunities and di ersifikatsii risks.
The ROSCA method is a group of people who gather together at a specific time to save and borrow ideas. This is a form of combined peer-to-peer (P2P) banking and peer-to-peer (P2P) lending.
According to Wikipedia, "FJA Bouman" described ROSCA as "a bank of poor people, where money does not go long, but quickly change hands, satisfying consumption and production needs."
In developing countries around the world, more than 1 billion people or 17% use ROSCA to save / borrow and support each other within their trusted community. In addition, more than 2 billion people or 39% of the world's population do not have a bank account in the world, and they may need help for some financial activity, such as credit. The banking system runs counter to its goal of serving rich people, not the poor. For people who do not have a bank account, there is no good salary, it will be very difficult for them to receive financial support, such
As a bank loan from a traditional financial institution. In fact, this is a group of people who need the most help. In addition, the cost for a commercial bank loan will be high for this group of people.
The volume of the world market ROSCA is estimated at more than 500 billion US dollars per year. (The calculation 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.
Mission:
- To build a sustainable partnership with the rich and enterprises that will invest to provide financial solutions and seek access to financial opportunities for those in need.
- Creating a decentralized financial solution system using blockchain technology.
- Create a platform that is transparent to any involved parties to allow the user who has the authority to monitor and manage his financial solution without the involvement of third parties.
- Create a crypto community in which rich and commercial companies are directly connected to their stakeholders.
TECHNICAL CHARACTERISTICS
Name of the token: RCA (ROSCAcoin)
Standard: Token Standard Ethereum ERC20
Total number of tokens: 10,000,000,000 (10 billion) that can not be reissued
Number of tokens for sale: 3,000,000,000 (3 billion)
Method of exchange / payment:ETH and BTC
-ICO : March 2018
Use of allocated funds by the team:
45% of the funds received from RCA tokens will be distributed according to salary and team benefits, since they believe that the members of the team are the main asset in the ROSCAcoin organization.
15% will be allocated for office expenses and overheads, such as office rent, utilities, furniture and fitting.
15% will be allocated to contractors, including legal counsel, remuneration for outsourcing services.
10% is financing of marketing activities, and these expenses include business development and digital marketing.
10% for other projects, such as sales for a ROSCAcoin sales agent, a kiosk and building infrastructures for remote areas.
5% of the fund forms a reserve for unforeseen circumstances.
Road map
2017
September - Market research
October - business plan, marketing plan, documentation
2018
March - Launching ICO
April - Launching ICO
July - ROSCA Lending Circle (RLC) Core & Mobile Development
August - ROSCA Lending Circle (RLC) and ROSCA Merchant Program (RMP) Testing MVP, enabling ROSCAcoin in the token exchange platform
October - ROSCA Lending Circle (RLC) Final product development
2019
January - Product Development ROSCA (RCS)
April - ROSCA Lending Circle (RLC) and ROSCA Merchant Program (RMP) Go Live
May - ROSCA Credit Score (RCS) Go Live
August - ROSCA Platform P2P (RPP) Core & Mobile Development
October - testing the MVP P2P (RPP) MVP platform
2020
January - Development of the ROSCA P2P (RPP)
platform April - ROSCA P2P (RPP) platform Go Live
July - ROSCA Crowdfunding Platform (RCP) Core & Mobile Development
August - MVP test on ROSCA platform Crowdfunding Platform (RCP)
October - Final development of ROSCA Crowdfunding Platform (RCP)
2021
January - ROSCA Crowdfunding Platform (RCP) Go Live
April - ROSCA Lucky Draw Platform (RLD) Core & Mobile Development
June - ROSCA Lucky Draw Platform (RLD) MVP Test
October - ROSCA Lucky Draw Platform (RLD) Final product development
2022
January - ROSCA Lucky Draw Platform (RLD) Go Live
March - ROSCA Charity Platform (RYP) Core & Mobile Development
May - ROSCA Charity Platform (RYP) MVP Test
August - Final Product Development ROSCA Charity Platform (RYP)
November - ROSCA Charity Platform (RYP) Go Live
TEAM MEMBERS
ADVISORS
For more information, Please Visit;
Website: https://roscacoin.io/
Technical description: https://roscacoin.io/wp-content/uploads/2018/03/Roscacoin-Whitepaper-V1.0-4.pdf
Twitter: https: // twitter. com / RoscacoinToken
Facebook: https://www.facebook.com/Roscacoin/
Telegrams: https://t.me/roscacoin
By Boluwatife ( https://bitcointalk.org/index.php?action=profile;u=1398337;sa=summary )