Quote from: CRYPTOSQUARE on December 15, 2018, 12:59:38 PM

Quote from: globalcitizen on December 15, 2018, 06:58:19 AM

It is possible that ROCKZ will be a great project as a currency backed cryptocurrency. But I am not sure if it will actually solve the problem of high volatility being faced today in the cryptocurrency space. Maybe I would need more tutorial on that. Aside from that, may I know why it is only 5% of the total tokens that is going for public sale?

I also join the above question, why such a small amount is allocated for public sale in the amount of 5% and what is the reason?

this is great question, sorry for the late reply.
We are aware that we wont have millions of users from day one, so the circulation supply should be appropriate, if there are too many tokens on them market and there is no one to buy them there will be no value to APZ.

Referring to our whitepaper page 40, 8.4B
ESCROW AND VESTING MECHANISMS

In order to offer potential future users to enter ROCKZ platform at a later point of time, while we prove the strong use case of ROCKZ, we have developed the following mechanisms directly in our smart contract:

ESCROW MECHANISM
Out of the 175,000,000 units of APZ minted (max. supply)
Only 10% (17,500,000 units of APZ) will be sold during our private sale, and 5%
(8,750,000 units of APZ) during our ICO. Overall only 15% of max. supply to be sold
(26,250,000 units of APZ) during our private sale and ICO.
The remaining tokens will be distributed as follows:
Ì 10% (17,500,000 units of APZ) to our early-stage / seed investors with no
vesting
Ì 15% (26,250,000 units of APZ) to our Founders, Core team and Advisors with a
vesting over 18 months
Ì 60% (105,000,000 units of APZ) in escrow (the escrow) to be released as
treasury with the following specific mechanism:
Directly after the ICO, 8.34% of the escrow (8,750,000 units of tokens)
which is approx. equivalent to 5% of max. supply will be available as
treasury to manage the APZs supply, as well as demand in excess of the
supply on secondary markets.
The rest of the escrow, which post-ICO is 105,000,000 8,750,000 =
96,250,000 units, will stay in escrow, and will be released at our discretion
as follows:
No tokens released in the first six months after the ICO.
Starting six months after the ICO, up to 3% (3.06%) of the escrow to be
released per month (3,207,750 units of APZ) over a minimum of 30 months
(post ICO escrow/ 3.06% of the escrow which gives 96,250,000/3,207,750
= 30.05 months) and a total number of months of 36 months (30 + 6
freeze).