IRMA is a stablecoin that will not inflate with USD.
The problem is the coming USD inflation and the fact that none of the current USD-backed stablecoins can protect users from USD inflation.
IRMA solves this problem because its mint price will track USD inflation while its redemption price is always equal to total reserve backing divided by total IRMA in circulation. The redemption price prevents runs, but it's allowed to catch up with the inflation-adjusted mint price by accumulating gains in the reserve backing total.
To be programmable, IRMA is reserve-backed by the top stablecoins in Solana. If there were a single backing, the program would be simple, but the fact that there are several reserve backings makes the program a little bit complicated. IRMA's mint price with respect to each of the reserve backing stablecoins is independent of the redemption price. This means that if there are six reserve stablecoins, there are six mint prices and six redemption prices.
What is ROKS?
ROKS is our first product, used exclusively for cross-border money transfers. ROKS can be used to send money from California, Montana, Washington, and Wyoming.
ROKS is a pioneer in borderless stablecoins.
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Easy to send and receive
To send ROKS, you simply sign in to your account with an exchange where we have ROKS listed. You then just use the "send" facility of that exchange to send ROKS to your recipient's account (his or her "address").
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Secure
ROKS is as secure as you can keep your private key secure. Your account is associated with your private key. Your account number (or address) is public, but only you should have access to your private key. Your private key is not stored anywhere, but you should not lose it and not let anybody else access it. Anybody who can access it can take your ROKS away. In order to make it a little bit easier for you, both your account number and private key (which are very, very large numbers, impossible to memorize) are associated with a 12-word mnemonic which we recommend you write down on a piece of paper. You then treat that piece of paper as if it were cash worth the same amount of ROKS you have in your account. Anybody who can know your 12-word mnemonic can steal your ROKS.
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Trusted
You trust ROKS because you know you can easily exchange it for USD or equivalent at any exchange where it is listed.
HELLO,
Welcome to Rock Stable
