Post
Topic
Board Announcements (Altcoins)
Re: [ANN] New Stabletoken ROKS on the Ethereum network
by
workasset1
on 22/07/2019, 02:08:37 UTC
another stable currency. I wonder what advantages it will have over its competitors and what it will offer to investors.

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.