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What is ROKS?

ROKS is a stablecoin, a class of cryptocurrencies whose exchange rate is fixed with respect to an established, well-managed fiat currency. 

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Stablecoins have so far permeated crypto exchanges (both centralized and decentralized exchanges). USDT, the first successful stablecoin, was born and raised in exchanges, used mostly by traders. ROKS is designed to circulate among everyday people, for daily use.

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On 27 February 2021, our team successfully completed the first RockStable remittance transaction in history. ROKs, our StableCoin, was used in sending the dollar funds from the United States and a corresponding amount was received by one of our colleagues George in the Philippines (please see photos). George is in charge of our social media channels including Facebook, Linkedin, Telegram, Twitter and Reddit. He now makes history as the first person to receive real ROKS in a start-to-finish transaction.

The funds were received through Palawan Express Padala. They have over 3,000 branches located in every province in the country.

This is truly a significant milestone for the company ! It demonstrates that the system works. The next step is to move from a testing environment to working with everyday customers.

Onwards RockStable !

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If and when the USD substantially weakens, all stablecoins pegged to USD would have to substantially weaken also. Except ROKS. ROKS is pegged to CPI-adjusted-USD such that 1 ROKS is not always 1 USD. 1 ROKS can be $1.2 or $1.7; or even $10 if USD inflates to one-tenth of its value now.

The Medium article linked here explains 1) why all stablecoins would have to inflate also if the USD inflates; and 2) how we are going to keep the value of ROKS within a tight range around the CPI-adjusted-USD.

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