ROSCACOIN

ROSCAcoin - Complete, Transparent, Free And Effective Financial Solutions.

WhitePaper

 INTRODUCTION

The ROSCA method is saving and borrowing for a certain period of time. This is a mixed form of peer-to-peer banking (P2P) and peer-to-peer lending (P2P).

According to Wikipedia 'FJA Bouman describes ROSCA as "the bank of the poor, where money is not idle for long but rapidly changing, satisfying consumption and production needs." They are also known as tsas (Latin America), partnershand (West Indies), cundinas (Mexico), ayuuto (Somalia), hagbad (Somaliland), milk (West Africa and Caribbean), hui (会) (Asia), palawugang) , Gam'eya (Middle East), kye (계) (South Korea), tanomosiko (頼 母子 講) (Japan), pandeiros (Brazil), junta or quiniela (Peru), CAR Ţigănesc / Roata (România), and arisan (Indonesia). '

ROSCA to store / borrow and support each other in their trusted communities. In addition, more than 2 billion people or 39% of the world's population do not have bank accounts in the world and they may need some help such as loans. The bank system is contradictory because its purpose is to serve the rich, not the poor. For those who do not have bank accounts, have no salary and good credit score, it will be very difficult for them to get financial support such as bank loans from traditional financial institutions. In fact, they are a group of people most in need of help. In addition, the fees for commercial bank loans will be high for this group of people.

ROSCA's global market size is estimated at more than 500B USD per year. (The calculations made will be 1% -10% times GDP from the country's benchmark by India) In addition, the P2P lending market is growing rapidly and has a market size of 70B USD per year globally.

 WHY ROSCACOIN?

ROSCAcoin (RCA) is a self-regulated, autonomous, decentralized cryptocurrency, a Ro Tating-powered blockchain and a S aving C redit A ssociations (Rosca) ecosystem platform. With the blockchain technology that includes smart contract features, ROSCAcoin is able to build on the advantages and disadvantages of financial services.

 ECOSYSTEM ROSCACOIN

The ROSCAcoin ecosystem is a complete, transparent, free and effective financial solution. This ecosystem will contain the various financial solutions in the ROSCAcoin Ecosystem as follows:

 TOKEN Specs

The total amount of ERC-20 (Ethereal) issued will be limited to 10 billion (10,000,000,000), and can not be issued again:

 USE OF PROCEEDS

• 45% of the funding we obtained from RCA tokens will be allocated to our team salary and allowance, as we believe our team members are the main asset in the ROSCAcoin organization.
• 15% will be allocated to our office expenses and overheads, such as office rental, utilities, furniture and fitting.
• 15% is to be allocated to our contractors, including legal advisors, outsourced bounty services, outsourced designers and other outsource services.
• 10% is to fund our marketing activities, and these expenses include business development and digital marketing.
• 10% is for other projects as ROSCAcoin merchant, Kiosk, and building infrastructures for remote area.
• 5% of the fund will form the contingency reserve.

 ROAD MAP

 Details of All Team ROSCAcoin: 

 

1. Boon Lee, Co-Founder, Product, strategy

2. Troy Woo, Co-Founder, Finance, Operations

3. Franky Tan, Co-Founder, Business Development

4. Wilson Chin, Co-Founder, Business Development

5. Shu Han Cho, Co-Founder, Mobile Lead

6. Muhammad Khairallah, Back End Engineer

7. Sraawan Kumar, Full Stack Engineer

8. Justin Goh, Co-Founder, CTO

Advisor: 

1. Ken Ho, IT Advisor

2. Ronnie, Blockchain And Mining Advisor

3. Wilson Ng, Bussiness Consultant

4. Foong Wei Chieh, Business Consultant

 More information about ROSCAcoin: 

Website:  https://roscacoin.io/

WhitePaper:  https://roscacoin.io/wp-content/uploads/2018/03/Roscacoin-Whitepaper1-V1.0.pdf

Tread Bounty:  https://bitcointalk.org/index.php?topic=3162562.0

Telegram:  https://t.me/roscacoin

Facebook:  https://www.facebook.com/Roscacoin/

Twitter:  https://twitter.com/RoscacoinToken

Github:  https://github.com/roscacoin/roscacoin

 AUTHOR.

Bitcoinalk username: Cintashany01

Profile link:  https://bitcointalk.org/index.php?action=profile;u=1661845

Facebook:  https://www.facebook.com/max.bebasmardeka

Twitter:  https://twitter.com/tarjoe_maximum

Telegram username: @TarjoeMaximum

ETH adress: 0x2b53a131742A8d2a03771C168267888D7ed5974f