Post
Topic
Board Announcements (Altcoins)
Re: [ANN] New Stabletoken ROKS on the Ethereum network
by
thin
on 19/07/2019, 11:53:53 UTC
How much funds you have for bucked your token? Are this funds is have checked by some financial regulators? Where is your company registered? And how are you going to increase your backed capital?

We will be selling ROKS at 1.01 USD apiece. Each ROKS sold will therefore be automatically backed by at least one USD. The backing is stored with Prime Trust, which is a U.S.-based (and therefore U.S. regulated) entity. We do not promise 1-1 backing however. At some point in time 1-1 backing is not necessary because depending on which use-case ROKS is most used, assets other than USD can be used to back ROKS.
So you are going to sell me a coin backed by 1.00 usd at 1.01 usd price. Great start, but what would be an advantage for me to buy it at this price? It could take many years before new coin gets enough exposure.