Another stablecoin, do we really need another if we have so many of them right now? Is it really something special?
Roks will be different from other stablecoins, The existing stablecoins out there are usually designed for exchanges while ROKS is meant as a medium of exchange for everyday stuff like groceries.
Other stablecoins promises 1 to 1 backing at all times. We don't promise that because it amounts to very inefficient use of capital. However, we do promise to keep the peg to USD while USD keeps its value.Than how could you say this is stable coin while there is no guarantee of capital than it will survive in long term. I think you want to say this is another cryptocurrency but want to sell at the amount of 1 USD and that is why you calling this new stablecoin.