the world’s most bulletproof crypto currency · vision and overview 10 source: based on bloomberg...
TRANSCRIPT
1
ROCKZ
THE WORLD’SMOST BULLETPROOF CRYPTO CURRENCY
WHITE PAPER - V.2.0
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3
1. FOREWORD 4
2. VISION AND OVERVIEW 6
2.1 PROBLEM STATEMENT 6
2.2 THE SOLUTION 7
3. THE MARKET AND THE COMPETITION 10
3.1 MARKET REVIEW 10
3.2 COMPETITIVE ANALYSIS 13
3.3 ROCKZ POTENTIAL NICHES 14
3.4 ROCKZ POTENTIAL USERS 16
3.5 ROCKZ USE CASES 17
4. SOLUTION ANALYSIS 19
4.1 OBJECTIVES AND STRATEGY 19
4.2 SOLUTION IN LAW 19
4.3 TRANSPARENCY AND COMPLIANCE 20
4.4 THE OPERATIONAL PROCESS 22
4.5 USER BUYING ROCKZ ROUTE 23
4.6 USER SELLING ROCKZ ROUTE 24
5. REVENUE MODEL 25
6. TECHNOLOGY 25
6.1 VISION 25
6.2 ECOSYSTEM ARCHITECTURE 27
6.3 SECURITY AND PRIVACY 28
6.4 SOFTWARE USED 30
6.5 PLATFORM COVERAGE 30
7. MVP 31
8. TOKEN AND TOKEN GENERATING EVENT 33
8.1 TOKENS 33
8.2 ALPROCKZ TOKEN UTILITY 34
8.3. TOKEN ECONOMICS 35
8.4 TOKEN GENERATION EVENT 36
8.5 TOKEN ALLOCATION 37
8.6 FUNDS USAGE 37
8.7 TOKEN LISTING 37
9. ROADMAP 38
10. TEAM 40
10.1 CORE TEAM 40
10.2 ADVISORS 43
11. CONTACT INFORMATION 45
12. APPENDIX AND REFERENCES 47
13. DISCLAIMER 49
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ROCKZ WHITE PAPER
1 FOREWORD
Cryptocurrencies have exploded to become the crossover economic story of our time. To understand how this has happened, it’s necessary to understand both Global Finance and Blockchain Technology.
In an evolutionary sense, these new currencies have been created from the need of global finance to liberate capital from the grip of regulation and the increasing control of a small class of private investors.
The seeds of today’s cryptocurrencies were sown during the last decade when many companies chose to leave public exchanges and go private. The number of Initial Public Offerings (IPOs) decreased dramatically, due mainly to the enormous burden of government regulation placed on public companies and the associated costs of compliance1 .
As a result, Private Equity and Venture Capital investments have grown disproportionately, but they are still inherently reserved for the class of elite investors: Ultra High Net Worth Individuals, Family Offices, or professional investors. The richest receive preferential access to the most interesting investments, while leaving smaller investors to pick over the investment opportunities that are left: based on latest reports from OXFAM, the richest 1% bagged 82% of the wealth created last year2.
The rise of cryptocurrencies is the counterswing to this phenomenon and is a direct response to the mistrust of the “Old Economy”. In 2017 we reached the tipping point.
1 https://www.strategyand.pwc.com/media/file/Strategyand_Considering-an-IPO.pdf2 https://www.oxfam.org/en/pressroom/pressreleases/2018-01-22/richest-1-percent-bagged-82-percent-wealthcreated-last-year
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FOREWORD
2017 was the year that the cryptosphere went stratospheric. Initial Coin Offerings (ICOs) erupted everywhere – propelled by a turbulent sea of both fevered hype and genuine innovation. Today, cryptocurrencies and ICOs have become a new asset class, praised by active investors around the globe.
Despite some critics within the established economy, cryptocurrencies have proven themselves to be a new way to exchange, transact and invest. ICOs have created a new way to fund projects, and are supporting innovative and disruptive ideas all around the world. In 2017 alone, around 900 ICOs raised more than $6 billion3.
ICOs are here to stay. The market will continue to evolve and, as it integrates regulation and accommodates new developments, will consolidate itself into a legitimate new asset class. But in order to attract more institutional investors and maintain growth, several important gaps and shortcomings need to be addressed.
The major challenge encountered in this new cryptosphere is the absence of a trustworthy anchor to the traditional economy; a bridge between the two worlds. At a time when some ICOs and coins are getting some justifiably negative press, it is time to offer a stable and legally enforceable cryptocurrency bringing together the best of two worlds. This is ROCKZ.
Alexey Borichev, Yassine Ben Hamida
3 https://www.icodata.io/stats/2017
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ROCKZ WHITE PAPER
2
Traders and investors engaging in the cryptosphere today must learn to live with certain risks. There is currently no reference or reserve currency that satisfactorily mitigates these risks. This means that, for the time being, the only safe way for crypto investors to secure their profits is to return to fiat currency and thereby exit the cryptosphere.
This identifies an inherent tension that, if left unsolved, will inhibit the future growth of the cryptosphere as an asset class.
Let’s examine the nature of the risks at play.
Investors can leave fiat currency in certain exchanges, but will bear a counterparty risk since most of the exchanges are unregulated. Unregulated exchanges are effectively the owners of the assets deposited by their clients, be they fiat or coins. In case of bankruptcy, fraud or, (self-declared) hacking, those assets are completely at the risk of being lost. There are a few regulated exchanges that do protect deposits, but only to a certain limit, based on country protection schemes. At best, there are only limited protections for anyone depositing assets into exchanges.
On top of that, there is a huge security risk, with many exchanges having been hacked during the last few years. Hundreds of millions of dollars were stolen in 2017, and in cases so far in 2018, we have seen the total number of stolen assets reach alarming levels4 . When coins and tokens are held at centralized exchanges, investors’ assets can disappear within seconds, and typically are never recovered. It has happened and will happen again.
Of course investors can, with some know-how and at additional cost, transfer their crypto investments to cold wallets in order to mitigate some security risks. Nevertheless, cold wallets do not erase the market risk of holding main coins used as a pivot or reserve, such as Bitcoin or Ethereum. These main coins still bear extreme volatility and therefore do not eradicate all risks for investors6.
4 2018 started the year with the biggest hacking of around 700m USD equivalent on a Japanese exchange. http://money.cnn.com/2018/01/29/technology/coincheck-cryptocurrency-exchange-hack-japan/index.html. Less massive, but still painful attacks happened with Bithumb, Bitfinex, Poloniex5 https://www.bloomberg.com/view/articles/2018-02-08/crypto-cynics-stand-to-profit-the-most
PROBLEM STATEMENT2.1
VISION AND OVERVIEW
7
VISION AND OVERVIEW
Finally, crypto investors who are willing to take profits out of the system, be it on a temporary basis before entering a new position, or on a permanent basis, incur high fees and time delays6. While a fiat payment takes only a few seconds to be made in most countries, transferring cash out of the cryptosphere can take days or weeks before being completed. During this time, crypto investors bear market, counterparty, and security risks.
There are some options to partially minimize these industry risks, especially market risk, such as by the use of stablecoins, which, being backed by «classic» assets (like cash or gold), are relatively stable. However these solutions may also have their own shortcomings. For example, the most popular stablecoin, Tether, which now has more than $2.9 billion in daily trading volume, is still not the best choice in terms of transparency. It was suspected to have a shortfall problem in a reserves audit, and moreover, of taking part in possible cryptocurrency market manipulations7.
Compared to the ease of entering the cryptosphere as an investor, making a pause between investments or going out of the cryptosphere can be costly, risky and complicated.
ROCKZ addresses a major shortcoming of the cryptosphere: the lack of a trustworthy anchor in the traditional economy - a way to book profits while still staying in crypto; a way to address counterparty, security, and market risks.
Institutional investors, such as funds, insurance companies or pension funds, are willing to enter this new asset class, which is decorrelated from traditional investments. But to penetrate this new asset class they need a point of reference, a safe harbour, a reserve coin. This is ROCKZ.
The ROCKZ issuing company enables investors and traders to exchange their main crypto currencies against a ROCKZ. For each ROCKZ issued, 1 Swiss Franc (CHF) is held by the ROCKZ issuing company for the account of the coin holders. By definition, ROCKZ is stable.
The ROCKZ issuing company holds up to 90% of its reserves in Swiss Francs (the Reserves) in physical paper form (i.e., banknotes) which are deposited in high-security Swiss Alp Bunkers and Vaults. The remaining 10% is held with various Swiss Banks to ensure short-term availability of the Swiss Francs. ROCKZ is solid and agile.
6 https://www.cnbc.com/2017/12/19/big-transactions-fees-are-a-problem-for-bitcoin.html7 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066; https://cointelegraph.com/news/canceled-audit-and-issuance-of-300-mln-new-tokens-whats-going-on-with-tether
THE SOLUTION2.2
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ROCKZ WHITE PAPER
8 http://www.swissbanking.org/fr/place-financiere/la-place-financiere-en-chiffres9 https://www.theinvestmentassociation.org/assets/files/research/2017/20170914-ams2017.pdf
The Reserves are held by the ROCKZ issuing company under a fiduciary mandate and are segregated from the company’s operating accounts. Even in the case of bankruptcy of the ROCKZ issuing company, ROCKZ coin holders still have full access to their Swiss Franc fiat reserves. ROCKZ holders are protected.
The ROCKZ issuing company is building a rigorous and robust legal framework which ensures that ROCKZ is effectively backed by the reserves of Swiss Francs and that claims are legally enforceable. ROCKZ is reliable.
ROCKZ is pioneering and fostering a new level of adoption for crypto enthusiasts and investors. ROCKZ erases the main crypto market risk by backing the coin to one of the most stable currencies, thereby reducing counterparty risk to a minimum. No other coin offers this level of protection.
WHY SWISS FRANCS?
ROCKZ focuses on the CHF not only because of the key role Switzerland is playing in the development of crypto currencies, but foremost because the CHF offers real protection against inflation and devaluation. Over the last 50 years, the United States Dollar (USD) has lost 78% of its value to the CHF. Even when the CHF pays negative interest rates, the currency has been appreciating. In other words, CHF has been, until now, the Bitcoin of the traditional markets: the currency of a small country with a limited supply.
Switzerland is a politically neutral country with a long-held respect for the private sector;a very important value to all parties involved in the project. Switzerland, with more than $6.5 trillion in assets under management and 25% of the market share of worldwide offshore assets is one of the key financial centres worldwide8. In comparison, with only 8 million inhabitants, the Swiss Financial Centre is about the same size as the British Financial Centre (65 million inhabitants), or roughly half that of Japan (127 million inhabitants)9.
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VISION AND OVERVIEW
10 Source: Based on Bloomberg Finance L.P. data, 14.02.2018
USD/CHF development since 1971Since 1971, the USD has lost 78% of its value against the CHF.
CHFUSD (inverted) Compared to the XBTUSD10
While we can’t compare the increase in value of the CHF over almost 50 years, and the increase in value of Bitcoin over one year, it is interesting to see that the two currencies have been showing a very similar growth against the USD.
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ROCKZ WHITE PAPER
3
Cryptocurrencies and tokens have boomed in recent years. As of January 2018, total market capitalization reached an all time-high of $800 billion, with the dominance of Bitcoin decreasing progressively with the development of alternative coins and tokens. Fortunes have been made by early investors and traditional active investors are starting to discover this new asset class. But those fortunes may diminish as fast as they are earned. According to the latest statistics available to date, cryptocurrency market capitalization has decreased almost fourfold to $200 billion11.
Over 1,500 coins and tokens now exist, and the market is set to grow further, with the development of new projects supported by another wave of ICOs, despite the recent market downturn trend. Increasingly, coins are now evolving towards an asset-backedapproach, and many projects are trying to provide the market with stable coins, backed - or not - with underlying assets.
Tether has the closest existing answer to solving the problem we have identified with the market. Rapid growth and over $2.9 billion in daily trading volume shows how much demand there is for a secure coin in the cryptocurrency space12.
MARKET REVIEW3.1
THE MARKET AND THE COMPETITION
11 According to statistics of coinmarketcap.com12 According to statistics of coinmarketcap.com
11
THE MARKET AND THE COMPETITION
Tether daily trading volume, 01.08.2017-01.08.2018
$ 7 000
$ 6 000
$ 5 000
$ 4 000
$ 3 000
$ 2 000
$ 1 000
$
Millions
Aug
01,2
017
Aug
10,2
017
Aug
19,2
017
Aug
28,2
017
Sep
06, 2
017
Sep
15, 2
017
Sep
24, 2
017
Oct 0
3, 2
017
Oct 1
2, 2
017
Oct 2
1, 2
017
Oct 3
0, 2
017
Nov
08,
201
7N
ov 1
7,20
17N
ov 2
6,20
17D
ec 0
5,20
17D
ec 1
4,20
17D
ec 2
3,20
17Ja
n 01
, 201
8Ja
n 10
, 201
8Ja
n 19
, 201
8Ja
n 28
, 201
8Fe
b 06
, 201
8Fe
b 15
, 201
8Fe
b 24
, 201
8M
ar 0
5,20
18M
ar 1
4,20
18M
ar 2
3,20
18Ap
r 01
, 201
8Ap
r 10
, 201
8Ap
r 19
, 201
8Ap
r 28
,201
8 M
ay 0
7,20
18
May
16,
2018
M
ay 2
5,20
18
Jun
03, 2
018
Jun
12, 2
018
Jun
21, 2
018
Jun
30, 2
018
Jul 0
9, 2
018
Jul 1
8, 2
018
Jul 2
7, 2
018
$ 120
$ 100
$ 80
$ 60
$ 40
$ 20
$
Millions
Aug
01, 2
017
Aug
10, 2
017
Aug
19, 2
017
Aug
28, 2
017
Sep
06, 2
017
Sep
15, 2
017
Sep
24, 2
017
Oct
03,
2017
Oc
t 12
, 20
17
Oct
21,
2017
Oc
t 30
, 20
17
Nov
08,
201
7 N
ov 1
7, 2
017
Nov
26,
201
7 D
ec 0
5, 2
017
Dec
14,
201
7 D
ec 2
3, 2
017
Jan
01, 2
018
Jan
10, 2
018
Jan
19, 2
018
Jan
28, 2
018
Feb
06, 2
018
Feb
15, 2
018
Feb
24, 2
018
Mar
05,
201
8 M
ar 1
4, 2
018
Mar
23,
201
8 Ap
r 01
, 201
8 Ap
r 10
, 201
8 Ap
r 19
, 201
8 Ap
r 28
, 201
8 M
ay 0
7, 2
018
May
16,
201
8 M
ay 2
5, 2
018
Jun
03, 2
018
Jun
12, 2
018
Jun
21, 2
018
Jun
30, 2
018
Jul
09,
2018
Ju
l 18
, 20
18
Jul
27,
2018
Other solutions are starting to appear, such as TrueUSD, which claims to improve upon all of Tether’s shortcomings; BitShares derivatives like SmartCoins, which are programmatically stable; or Digix, which uses gold instead of fiat as an underlying asset.
BitCNY daily trading volumes, 01.08.2017-01.08.2018
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ROCKZ WHITE PAPER
Digix Gold Token daily trading volume, 29.06.2018-12.08.2018Ju
n 29
, 201
8 Ju
n 30
, 201
8 Ju
l 01
, 20
18
Jul
02,
2018
Ju
l 03
, 20
18
Jul
04,
2018
Ju
l 05
, 20
18
Jul
06,
2018
Ju
l 07
, 20
18
Jul
08,
2018
Ju
l 09
, 20
18
Jul
10,
2018
Ju
l 11
,201
8 Ju
l 12
, 20
18
Jul
13,
2018
Ju
l 14
, 20
18
Jul
15,
2018
Ju
l 16
, 20
18
Jul
17,
2018
Ju
l 18
, 20
18
Jul
19,
2018
Ju
l 20
, 20
18
Jul
21,
2018
Ju
l 22
, 20
18
Jul
23,
2018
Ju
l 24
, 20
18
Jul
25,
2018
Ju
l 26
, 20
18
Jul
27,
2018
Ju
l 28
, 20
18
Jul
29,
2018
Ju
l 30
, 20
18
Jul
31,
2018
Au
g 01
,201
8
$ 70 000
$ 60 000
$ 50 000
$ 40 000
$ 30 000
$ 20 000
$ 10 000
$
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THE MARKET AND THE COMPETITION
However, Tether and other asset-backed coins have inherent flaws that ROCKZ does not.
ROCKZ coins are fully backed by CHF Reserves, the strongest currency in the world, with 90% in physical form deposited in vaults and banks. By choosing a physical form at a levelof 90%, coin holders don’t need to fear about the safety of the banks. ROCKZ is completely transparent as regards to Reserves held for coin holders and they are audited on a monthly basis.
ROCKZ coin holders have a legal right to CHF fiat currency in an equivalent amount of their investments. Even if the ROCKZ issuing company goes bankrupt, coin holders will get their legal claims against the ROCKZ issuing company transferred by vault operators and banks.
ROCKZ coin holders can transfer equivalent CHF fiat amounts to their designated bank or credit card account, or get notes physically delivered in Switzerland.
COMPETITIVE ANALYSIS3.2
Backed by fiat/physical asset
Direct ownership of fiat/asset equivalent amount
Transparency
Segregation of assets
Protection of coin holders in case of bankruptcy
Holdings in physical banknotes/assets
Unrestricted asset redemption
Audit track record
Issue of coins only when covered by reserves
Strong, stable and politically neutral base asset
No loss of token value in time
TrueUSD
USD
Partial
N/A
CHF
Rockz
Full
Digix
Gold
Partial
N/A
BitUSD
BTS
Full
Tether
USD
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ROCKZ WHITE PAPER
As more cryptocurrency projects come on the board every month, the critical nature of their connection with the real world becomes ever more obvious. We have mentioned the very real risks of high volatility in base value, the partial or absolute lack of transparency, the lackof security, and the volatile costs of funds transfer.
ROCKZ is created to solve these problems and to deliver blockchain advantages in several industries, such as:
E-COMMERCE
Nowadays, e-commerce organizations avoid using cryptocurrencies because of their high volatility: they are not sure if their funds will become valueless during the next market downturn. Despite this high volatility of cryptocurrencies, there are several alternative processing solutions, such as Bitpay, Coinpayment, and of course, CoinBase. The e-commerce market represents a prime opportunity for crypto-services: its size is forecast to exceed $2.9 trillion worldwide in 201813.
The main players include Alipay, Tenpay, PayPal, Webmoney, Visa, Mastercard and American Express. But e-commerce merchants still use more traditional services, such as Paypal, WebMoney and bankcard processing, in spite of the several advantages that blockchaintechnology itself brings: transparent transaction records and lower fees (which are dependent on network type). Of course, the ROCKZ platform is not intended to replace Visa or Mastercard any time soon, but its pricing policy allows it to favorably compete with PayPal and similar services.
Here we bring together Paypal, Webmoney and ROCKZ possible processing fees:
It is obvious that ROCKZ has a sizeable competitive advantage. The main goal of the platform is to provide the most advantageous conversion fees while maintaining the same liquidity as their main competitors.
ROCKZ POTENTIAL NICHES3.3
13 https://www.statista.com/statistics/379046/worldwide-retail-e-commerce-sales/
Platform
Processing Fees
ROCKZWebmoneyPayPal
2.7-4.4% depending on location + fixed fee based on the currency per transaction
(for example, CHF 0.55 for standard transactions)
From $0.01 to $50 or more per transaction
Ethereum network, semi-fixed fee (about $0.3)
+ conversion fee if conversion is required
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THE MARKET AND THE COMPETITION
INVESTMENT
Here we consider the ways where ROCKZ can be useful. The first is by trading in a protected asset base. Nowadays, there are two basic trading strategies: trade against a fiat currency,or trade against bitcoin. The first reflects traders’ beliefs that cryptocurrencies are secondary to traditional markets and that profits have to be converted into a fiat currency to achieve financial goals. In this case, traders need assets that offer a stable comparison against the USD or other national currencies in order to fix profits while simultaneously holding market value.
The core value of the second strategy is due to the strong confidence in bitcoin’s value continuing to grow in future. This strategy allowed higher profit gains in the past, but as we can see, this confidence may prove costly if market trends change direction. Both cases reveal a need for a strong financial shield to fix profits - and ROCKZ fills that requirement perfectly.
Yet another way where ROCKZ is useful is through the use of ICOs. This part of the industry continues to grow, and despite the current shortcomings of many projects, ICOs as a method of funds collection can already be considered as a viable alternative to traditional venture financing. The dramatic decrease in market capitalization that has recently occurred has forced many projects to reconsider their financial roadmaps due to changes in the value of collected funds. Projects that completed ICOs in conditions of overheated markets are in a difficult situation now, because their financial resources have fallen dramatically,in some cases by threefold or fourfold. Now ROCKZ introduce a stable and reliable instrument for ICO investments. Its stablecoin nature makes collected funds stable.
Stablecoin trading volumes confirm the global need for market protected assets. Tether daily trading volumes can exceed $2.9 billion, according to coinmarketcap.com. For other known stablecoins, TrueUSD, BitCNY and BitUSD, these values are USD 15 million, USD 15.7 million and USD 1.6 million respectively. These volumes also reflect one important potential problem for most investors: in the case of Tether, they are vested in less reliable assets.
MONEY TRANSFERS
According to Statista, the P2P money transfer market size will reach $65.7 billionat the end of 2018 (excluding corporate transfers)14. The main players here are Western Union, UAE, Exchange, MoneyGram and Ria. Western Union dominate the market, processing nearly 30% of all transfers. Their transfer fees vary from 0.5-1% of the sum being transferred, depending upon the transfer time. Although current blockchain solutions (such as Ripple) allow clients to implement transfers faster and cheaper, there are countries where the exchange of cryptocurrencies is not allowed. The ROCKZ solution is able to avoid these limitations, because it includes “native” options to convert tokens into a fiat currency and to deliver transfers directly into a client’s bank account.
14 https://www.statista.com/outlook/332/100/p2p-money-transfers/worldwide
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ROCKZ WHITE PAPER
The ROCKZ platform is designed for several types of users:
EARLY CRYPTO ADOPTERS
Private crypto investors who have successfully completed investments in the cryptosphere and want to protect their wealth by sheltering it from market, security and counterparty risks. ROCKZ offers a ‘safe harbour’ for their wealth when the seas gets rough.
INSTITUTIONAL CRYPTO INVESTORS AND FUND MANAGERS
Institutional investors are increasing their participation in this new asset class. For both short and long term trading, they require a mechanism to pause between periods of investment activity.
CORPORATES, SERVICE PROVIDERS AND PRIVATE INVESTORS
ROCKZ is designed for corporations investing directly for their own account, and service providers acting on behalf of their clients, as well as private individuals who wish to receive payments in cryptocurrencies, but are unwilling to take the market risk related to main coins. All are looking for ease and convenient availability in the collection of their payments, while still maintaining the security and stable values of their assets. Again, ROCKZ suits all of their needs perfectly.
CRYPTO-TRADERS
Crypto traders systematically make several deals a day, or week , depending on their trading style. As was mentioned above, these users need an instrument that allows them to fix positions fast and switch to new target searches. Currently traders use Tether, being under counterparty risks, or Bitcoin, being under market risks. ROCKZ is constructed to avoid both of these risks. Long term investors share the same problems – and the same solution.
ROCKZ POTENTIAL USERS3.4
17
THE MARKET AND THE COMPETITION
ROCKZ AS A RESERVE CURRENCY
The initial and primary purpose of ROCKZ is to be used by any crypto investors willing to place and hold a cryptocurrency: offering stable and accessible value backed by fiat currency and eliminating any unnecessary counterparty, market or security risks. Typical users are early-stage investors in the cryptosphere who have profited from the market growth and are now looking to preserve part of their wealth.
ROCKZ AS A PIVOT CURRENCY
Professional investors, such as crypto funds, who are looking for a pivot currency they can use to diversify their risk or to temporarily exit the crypto market during times of high volatility can feel safe in ROCKZ. Due to its direct link to CHF, ROCKZ doesn’t fluctuate and thus offers a safe haven to such investors.
ROCKZ USE CASES3.5
USERS OF P2P MONEY TRANSFERS
These users are searching for a reliable and cheap means for the transfer of funds to other regions or countries, which can be easily converted to readily available funds. ROCKZ solves this problem, and even allow users to avoid the conversion step, since the stablecoin nature of ROCKZ allows merchants to accept these tokens as a means of payment.
MERCHANTS
They are looking for a fast, easy and cheap instrument of payment collection. Moreover, this instrument must keep the value of funds stable over time. As was mentioned above, ROCKZ suits this perfectly.
COMMON USERS
They are not world-wise users of cryptocurrencies and only want to safely store their earnings. In countries where currencies can devalue quickly or are even subject to country default and commercial bank failure, ROCKZ offers a solution to keep their capital safe.
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ROCKZ WHITE PAPER
ROCKZ AS A TRADITIONAL STORE OF CURRENCY VALUE
By not incurring value changes, ROCKZ is stable and offers anyone willing to receive or pay for services or goods the possibility to pay with a cryptocurrency with an defined base value. It is an easy, safe and fast way to receive or pay for services or goods.
ROCKZ AS AN EXIT FROM THE CRYPTOSPHERE TO THE FINANCIAL SYSTEM Because the ROCKZ platform doesn’t issue coins without being completely backed, coin holders can be certain that an equivalent fiat currency amount is always ready to be transferred or distributed to ROCKZ holders. It therefore allows coin holders to exit the cryptosphere at any point in time and without experiencing any liquidity or counterparty risks. Every day, ROCKZ holders can order a transfer of their holdings to their bank account or have them delivered as physical banknotes in Switzerland.
ROCKZ AS A BRIDGE TO THE FINANCIAL SYSTEM
Because ROCKZ holders are not necessarily willing to transfer their wealth outside the cryptosphere but still want to have ready access to their wealth, they can request ROCKZ to issue, against a pledge of their holdings, guarantees to financial institutions worldwide. This allows a ROCKZ holder to be recognized as a fiat currency-backed creditor for their crypto assets in the banking world.
ROCKZ AS COLLATERAL
Because of the cash-like equivalent of ROCKZ, coin holders can use it as collateral to investin the crypto world. ROCKZ will always be accepted as a cash equivalent by exchanges.
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SOLUTION ANALYSIS
4
The ROCKZ mission is to make the cryptocurrency market transparent, safe and trustedfor its users, so that we can secure the reputation and full potential of blockchain developments and the cryptosphere for future generations.
ROCKZ is a service, not a commodity. Its success will be measured, not in the extreme valuations of the coin, but in the number of people who trust it as their ‘port in a storm’.
The objective for ROCKZ is to be widely recognized, trusted and used by both professional investors and private participants of the new crypto reality. We have a stated aim of achieving a minimum 3% market share, making ROCKZ an essential part of the cryptosphere architecture.
OBJECTIVES AND STRATEGY4.1
SOLUTION ANALYSIS
15 https://www.six-group.com
The ROCKZ founding team understands that a public adoption of crypto will only happen when cryptocurrencies adhere fully to the highest standards of regulation. Using light regulatory environments (offshore) in the hope of circumventing financial regulations is not a viable and sustainable solution. In order to provide full transparency on our project, the ROCKZ founding team has decided to fully disclose each and every detail of our setup.
ROCKZ has been set up within Switzerland’s uniquely trusted and enforceable legal environment. Instead of taking a financial, proprietary risk, the ROCKZ company, ROCKZ AG, acts purely as a service provider company.
In order to deliver its project, ROCKZ AG has entered into a partnership with a FINMA regulated Swiss Securities Dealer. The Dealer creates uncertificated securities for ROCKZ which are registered with SIX Group, the financial infrastructure provider in Switzerland15. These uncertified securities have an underlying value of 1 CHF.
SOLUTION IN LAW4.2
20
ROCKZ WHITE PAPER
The Dealer creates and sets values for uncertificated securities on a daily basis accordingto ROCKZ AG’s requests. Based on inflows and outflows in ROCKZ, the number of uncertificated securities will increase or reduce on a daily basis. Uncertificated securities are held with the Dealer by ROCKZ AG, which acts in a fiduciary role for ROCKZ holders.
ROCKZ AG allocates, via a smart contract and the Terms and Conditions of the ROCKZ platform, one uncertificated security for each ROCKZ coin issued.
Reserves are held on a fiduciary basis, in the name of ROCKZ AG, but for the account of the ROCKZ holders, with financial intermediaries (banks) and vault operators. ROCKZ AG segregates reserve holdings from its operational accounts and obtains, where applicable, an express waiver of the right to offset assets, from financial intermediaries (banks).
In the case of bankruptcy of ROCKZ AG, the Reserves will not be affected by insolvency proceedings. Coin holders will benefit from the transfer of their rights against ROCKZ AG to financial intermediaries (banks) and vault operators, as provided under Swiss law16(8). In such a case, ROCKZ coin holders will be able to get their Swiss Francs directly from the relevant financial intermediaries (banks) and vault operators.
Alprockz AG is a Swiss company incorporated in Zug and owned by Swiss-based investors. Alprockz is launching a Token Generation Event to fund the development of ROCKZ. Alprockz is audited by VQF Audit AG17.
ROCKZ AG is a Swiss company incorporated in Zug and owned 100% by Alprockz AG. ROCKZ AG is issuing ROCKZ tokens. ROCKZ is audited by VQF Audit AG18(10). In accordance with Swiss AML regulations, ROCKZ AG will be affiliated to a recognised self-regulatory organisation.
On a monthly basis, Reserves are controlled and confirmed by an internationally recognized company whose reputation is not reliant in any way on the interests of ROCKZ AG. A confirmation is published to coin holders. In order to ensure a permanent confirmation process, we consider building a prototype, based on the same mechanics as an ATM, whereby any ROCKZ client can confirm at any time the amount held in vaults.
TRANSPARENCY AND COMPLIANCE4.3
16 Article 401 Al. 2 of the “Code des Obligations”, https://www.admin.ch/opc/fr/classified-compilation/19110009/index. html#a40117 https://www.vqf.ch/en/vqf-services18 https://www.vqf.ch/en/vqf-services
21
SOLUTION ANALYSIS
ROCKZ AG maintains an analysis of select banks and operating vaults and pledges to maintain a continually updated list of the banks where cash deposits are held. At any time, coin holders can request the current list of chosen financial intermediaries and vault operators as wellas the guidelines used to select such intermediaries. For security reasons, the vault operators’ locations are not disclosed.
Cryptocurrency holders and ROCKZ holders go through a standard “know your client” process (KYC) and payments out of ROCKZ in fiat currencies can only be made to the same beneficiary as the ROCKZ holder, in order to prevent theft, abuse or fraud.
ROCKZ AG CHF holdings are not invested in any manner and do not bear any interest.
ROCKZ AG will work with regulated trading counterparties primarily based in Switzerland,in order to work with institutions applying the same level of professionalism, protectionand safety.
22
ROCKZ WHITE PAPER
The operation process relies on a daily minting / burning of ROCKZ, based on the demand received via our platform. This is the primary issuance of ROCKZ and a price back of 1 ROCKZ to 1 CHF is guaranteed at this point.
ROCKZ will eventually also be listed on exchanges as a secondary market. Prices on secondary markets might deviate from the back to 1 CHF, due to bid and offer.
THE OPERATIONAL PROCESS4.4
ORDER TO BUY/SELL ROCKZ OR DELIVER FIAT
DELIVERY OF COINS (BTC, ETH, etc)
Cut-off: 12:00 CET
FIXING WITH MARKET MAKERS
MARKET MAKERS
(Exchanges, Brokers, Fund Managers, Investors, Banks, Corporates)
CUSTOMER WALLET
EXCHANGE WALLET
DELIVERY OF ROCKZ OR ACCEPTED COINS (BTC, ETH, etc)
ROCKZ ISSUED AT DAILY FIXING PRICE
10% BANK ACCOUNT CHF
+90% PHYSICAL CHF
segregated accounts & vaults
BANK ACCOUNT OR PHYSICAL
Coin holders
ROCKZ AG
23
SOLUTION ANALYSIS
When a user wants to buy ROCKZ, they must go through the following steps (the KYC procedure is included whereby a user buys or sells ROCKZ for the first time):
1. The user passes the KYC/AML registration procedure.2. The user creates an order to buy ROCKZ via the platform interface. The platform proposes a list of preferred payment types and asks the user to input their Ethereum address.3. The user chooses their preferred payment type and makes a payment in ETH, BTCor CHF. 4. The platform receives payment in ETH or BTC and transforms these into CHF through brokers or receives CHF directly into its bank account. 5. The bank receives payment and sends this information to the ROCKZ platform and stores CHF received into the Swiss Francs Reserves. The platform creates an order for the smart contract to mint new ROCKZ and send them to the user’s registered address. The ROCKZ platform has a daily cut-off time (12:00 CET) before which it is necessary to issue/withdraw uncertificated securities, mint/burn ROCKZ and fix price with market makers. If the user’s order/payment is completed and received before the cut-off time, the order will be executed. Otherwise, it will be postponed until the next cut-off time.6. The smart contract mints ROCKZ and sends them to the user’s address; the platform receives Ethereum transactions data; the user receives their ROCKZ tokens.
USER BUYING ROCKZ ROUTE4.5
THE SWISS FRANC RESERVES
1. KYC
USER
BANK (PARTNERS)
ERC 20 WALLETKYCROCKZ
PLATFORM
SMART CONTRACTETHEREUM BLOCKCHAIN
1. KYC
2. BUY ORDER
6. ROCKZ SENT TO USER
4. PAYMENT3. ORDER RESENT
5. PAYMENT CONFIRMATION
5. TOKEN MINT ORDER
5. CHF RESERVED
24
ROCKZ WHITE PAPER
Similar steps are followed when a user wants to sell ROCKZ:
1. The user passes the KYC/AML procedure.2. The user creates an order to sell ROCKZ via the platform interface. The platform proposes a list of preferred fiat currencies to be paid in and asks the user to input their registered address.3. The user chooses their preferred payment type and writes their requisites. The platform sends them the smart contract address where tokens will be sent.4. The user sends ROCKZ to the smart contract address.5. The platform checks that the tokens were sent to the smart contract addressand makes an order for the nominated bank to pay the user. The bank collects the Swiss Francs from the Reserve. The ROCKZ platform has a daily cut-off time (12:00 CET) before which it is necessary to issue/withdraw uncertificated securities, mint/burn ROCKZand fix a price with market makers. If the user’s order/payment is received beforethe cut-off time, the order will be executed. Otherwise, it will be postponed until the next cut-off time.6. The smart contract burns ROCKZ; the bank pays the user, drawing funds from the Swiss Franc Reserves; the user receives their fiat currency into their designated account.
USER SELLING ROCKZ ROUTE4.6
THE SWISS FRANC RESERVES
1. KYC
USER
BANK (PARTNERS)
ERC 20 WALLETKYCROCKZ
PLATFORM
SMART CONTRACTETHEREUM BLOCKCHAIN
1. KYC
2. SELL ORDER
3. SMART CONTRACT ADDRESS SEND
6. ROCKZ SENT TO SMART CONTRACT ADDRESS
6. PAYMENT4. ORDER RESENT
5. «PAY TO USER» ORDER
5. TRANSACTION CHECK
5. CHF RESERVED
25
REVENUE MODEL / TECHNOLOGY
5
6
ROCKZ AG receives commissions for the services it provides to ROCKZ holders:
- delivery of ROCKZ to coin holders - delivery of ROCKZ equivalent fiat currency to ROCKZ holders - delivery of ROCKZ equivalent in banknotes in Switzerland - coordination with market makers - partner licenses
ROCKZ is not a technology project per se, but we pride ourselves on having a rock-solidIT core.
REVENUE MODEL
TECHNOLOGY
ROCKZ symbolizes security and safety for the assets of our clients, thus the ROCKZ technical infrastructure has been developed to ensure a stable and secure base.
In order to develop ROCKZ the founding team and our IT advisors have set up some guiding principles:
CODE REVIEWS
We will always check and double check: this is in our DNA. Security reviews are included in our SDLC to protect ROCKZ at the code level. To further ensure code integrity, independent third party companies conduct regular thorough reviews. Regular penetration tests will ensure a very high security standard resulting in a hygienic ecosystem. The ROCKZ infrastructure must be 100% solid, 100% clean.
VISION6.1
26
ROCKZ WHITE PAPER
CLOUD NATIVE
We use only the best and do not duplicate what others can reliably and safely do better. We use top of the art cluster technology and infrastructure providers to serve you 24/7. This gives us access to the best people in the field and provides peace of mind.
AUDIT-TRAIL
All access attempts (authorized and non-authorized) are audited and logged in real time, enabling efficient incident responses and forensic investigations.
AUTO-SCALING
We distribute our services so as to not have any single point of failure, and to balance heavy /peak loads.
MONITORING
24/7 monitoring (resource, access, system status, traffic between components, etc.)and regular health checks ensure a healthy and well-maintained system allowing our teams to detect and fix issues before they affect users.
PUBLIC BLOCKCHAIN
To fulfill our vision we have decided to use public instead of private blockchain technologies. This gives us a stable and thoroughly tested architectural base that we believe in,with millions of highly committed users. As stated by Linus’s Law (Eric S. Raymond): “Given enough eyeballs, all bugs are shallow.”
Our commitment to stability and security is also the reason why ROCKZ are ERC20 compatible tokens. The Ethereum Foundation and its active arm (Ethereum Switzerland GmbH) are both based in Switzerland’s “Crypto-Valley”, but Ethereum is not just another blockchain. It is a Smart Contract platform which allows it to be used to answer real-world needs. It is no surprise that the Ethereum blockchain hosts more than 81% of all ICOs. Moreover, Ethereum is the best way to bring our customers the whole range of our services as rapidly and as safely possible.
When our ICO Event is successful, we will consider an option to develop our own private blockchain in the near future to further improve the economics of the ROCKZ system, and thereby bring ICO members additional privileges and benefits.
27
TECHNOLOGY
The ROCKZ platform has been designed to be as flexible as possible in order to satisfy allof the needs of its users.
The core of the ROCKZ platform contains all of the functions related to compliance, order management, the fiat currency rate engine, and client services. The core is backed by reliable data storage and a distributed backup system, which is necessary in emergency situations involving hacking attacks, critical code bug errors, or power failure.
ECOSYSTEM ARCHITECTURE6.2
ETHEREUM BLOCKCHAINSMART CONTRACTS
OTHER BLOCKCHAINBITCOIN, LITECOIN …
BLOCKCHAIN INTERACTION SUBSYSTEM
COM
PLIA
NCE
ORDE
R M
ANAG
EMEN
T
CLIE
NT S
ERVI
CES
CURR
ENCY
RAT
E EN
GIN
E
DIST
RIBU
TES
BACK
UP S
YSTE
M
DATA
STOR
E
BANKS INTERACTION SUBSYSTEM
PAYMENT GATEWAYS
WEB APPLICATION
API
ROCK
S US
ERS
KYC
PROV
IDER
THIR
D-PA
RTY
SERV
ICES
CHF RESERVESINFORMATION API
ROCKZ PLATFORM CORE
28
ROCKZ WHITE PAPER
The platform is connected with the outer world via several elements:
1. API, used for interconnection with KYC providers and third-party services (a wide range of merchants and service providers);2. Web Application, providing direct access to the ROCKZ platform for ROCKZ users;3. Blockchain Interaction Subsystem, allowing the ROCKZ platform to interact with the Ethereum blockchain and its smart contracts (to mint new ROCKZ, for example) or other blockchains in the event that we implement cross-chain functionality; 4. Bank Interaction Subsystem, allowing the ROCKZ platform to coordinate with banks whenever ROCKZ are converted into a fiat currency and vice versa.This element is designed to be compatible with commercial bank systems and APIs. Users can interact with banks via established payment gateways. Access to these gateways will depend on a particular bank’s preferences. We also discuss with banks the possibility to broadcast the platform’s Swiss Franc reserves in real-time, along with monthly audit reports, but banks’ security preferences make that optional.
Our clients’ security and privacy is one of our main concerns. For this reason we are integrating the best practices and security layers to keep you safe from hackers and prying eyes. These measures include:
DATA CENTERS
Multiple ultra secure data centers will be used. This includes using data centers built in bunkers under Swiss mountains to store users’ personal data. Our data centers are ISO 27001:2013, FINMA circular 2008/7, and ISO 9001:2015 compliant. Periodic penetration tests will be executed by professional hackers.
CLIENT SECURITY AND PRIVACY
Users are the first target for hackers. Our users are secured using MFA (Multi Factor Authentication) from the beginning. With these technologies, you can add layers to prove who you are: “Something you are, something you have, something you know”. All clients use 2FA (Two Factor Authentication) by default, which ensures a layer of protection and privacy for everyone. In subsequent releases, for more sensitive clients, we will propose additional layers using personal hardware security tokens and/or biometrics, which can be used to “sign” operations such as changing personal info, selling ROCKZ, etc. Multiple signatures can be required for corporate accounts and family accounts (multi-signature wallets) for example. The use of MFA will also be possible in future versions.
SECURITY AND PRIVACY6.3
29
TECHNOLOGY
COIN SAFETY
We do not store your private keys or act as a wallet. This mitigates risks by allowing you to be in control and to use the best hardware wallets; hackers cannot steal your coins from us since we don’t have them.
ENCRYPT EVERYTHING
Data at rest and data in transit. We will use the strongest available encryption algorithms from point-to-point (no weak link in the chain) and the best key management practices including specialized hardware security modules (HSMs).
LEAST PRIVILEGE
Only specific roles (AML Officer, Compliance Officer, etc) have access to sensitive or personal data, for reasons linked to their duty only. All other roles, even administrators, do not have access.
USE SWISS SERVICES
We give priority to Swiss-based companies for all services the platform needs. This ensures that you are protected under Switzerland’s tight privacy laws. We strive to keep anyone from snooping on you and your data.
EXTENDED VALIDATION CERTIFICATES (EV SSL/TLS CERTIFICATES)
We protect our site using the strongest TLS certificates available, so that you know you are safe. EV certificates require extended verification of the requesting entity’s identity by a certificate authority (CA). This verification adds an extra layer of security. Web browsers show the verified legal identity (our company’s legal name) so that you know that you are really on our platform and not that of an imposter.
PLATFORM COMPARTMENTALIZATION
Our platform is designed in a way that gaining access to one part does not allow an attacker to gain access to all parts. This is the same concept used by the Swiss military when defending the country.
SERVICE AND COMPONENT MUTUAL AUTHENTICATION
Our components and services mutually authenticate each other to ensure that they communicate only with authorized software.
30
ROCKZ WHITE PAPER
We are utilizing several technologies to make ROCKZ work effectively; our platform is based on:
- Red Hat OpenShift container application platform (based on Docker) - Linux Server OS - Microservice Backend Architecture (Node.js) - React.js Front End
SOFTWARE USED6.4
We plan to support the following platforms:
Initial release - HTML 5 Web-based (mobile and desktop)
Subsequent releases - Android and IOS native/hybrid apps - REST Partner APIs
PLATFORM COVERAGE6.5
31
MVP
7
At the time of the ICO event we will already have the ROCKZ platform MVP available on our website.
The Current MVP Version includes following functions:
1.Client Side:
a. Registration including KYC check and 2FAb. User dashboard: allows the user to view their positions at a glance and access all functionsc. BUY/SELL order creation for RKZ using: BTC, ETH, FIAT (CHF via bank transfer). There is no physical delivery option in the MVP, but for now it can be specially requested using secure messagingd. BUY order creation for APZ using: BTC, ETH, FIAT (CHF via bank transfer)e. Order history (with keyword search)f. User Profile view/editg. Security settings view/edith. Secure messaging (encrypted)i. Help and Supportj. Wallet Management (Wallet addresses only, used during the order process, no private keys)k. Bank Account Management (bank information only, used during the order process, no access)
2. Platform Side:
a. User Account Management: user account/profile settings (clients and employeesb. Client Identification Data Management (segregated, limited access)c. Audit Component (limited access)d. Order Management Systeme. Treasury Management Systemf. Authorization Request Component (for actions that require double validation)g. Broker Managementh. Secure Messagingi. Wallet Management (wallet addresses only, used during the order process, no private keys)j. Bank Account Management (bank information only, used during the order process, no access)k. RKZ Component (Burn / Mint)
MVP
32
ROCKZ WHITE PAPER
Future versions will include these additional functions:
1. Technical:
a. Native Apps (Android/IOS)b. Automatic business day upload service using SIX datac. Broker API integrationd. Bank API integratione. Partner API (so partners can use the platform via an API)f. Exchange API Integrationg. Enhanced Identity Management
2. Client side:
a. Support multiple user bank accounts b. Support multiple user RKZ/APZ wallets c. Export Order details to PDF d. Partial execution orderse. More MFA factors including sensitive action confirmation/transaction signing
33
TOKEN AND TOKEN GENERATING EVENT
8
Within the framework of the platform, two tokens will function: Alprockz (APZ) and ROCKZ (RKZ). Alprockz tokens are ERC-20 tokens issued by Alprockz AG during the ICO. We create Alprockz as utility tokens that allow users to access the ROCKZ platform and its services: conversion of ROCKZ into cash, the issuance of Bank cards, and the possibility to use collateralized debt instruments. We understand that it is unusual to design the platform this way, and that other stablecoin projects do not use additional tokens to collect funds.
There are reasons why we do this:
1. To comply with modern, more stringent legislation;2. To raise funds for development of the platform. After two capital increases which have already taken place, we have decided not to accept the support of specific Private Equity / Venture Capital funds and similar organizations, but to reach out to the public directly. As ROCKZ is designed for investors and users, it is important for us to organize an ICO and so create a community of, and for, our contributors and users!
APZ tokens, bought during the ICO, will give ICO participants lifelong benefits and bonuses, including somethat will appear as the platform develops. The existence of the platform is impossible without Alprockz support.
ROCKZ tokens are ERC-223 tokens that will be issued through the platform after the end of the ICO according to users’ orders to exchange CHF for tokens. ROCKZ is the base token of the platform, backed by CHF in the ratio of 1: 1. Accordingly, the token will have a low volatility due to its being backed by CHF.
TOKEN AND TOKEN GENERATINGEVENT
TOKENS8.1
34
ROCKZ WHITE PAPER
To benefit from the ROCKZ platform, users need to hold a certain amount of Swiss Francs in equivalent Alprockz tokens (APZ) in their private wallets. Alprockz bring their holders additional privileges, depending upon the amount held, in the following ways:
BASIC ACCESS TO ROCKZ PLATFORM
APZ holders holding at least 500 APZ will have access to all ROCKZ platform services: including the purchase and sale of ROCKZ, and deliveries of ROCKZ equivalent in banknotes in Switzerland.
CREDIT CARD ISSUANCES
APZ holders holding at least 1,500 APZ will be able to apply for a credit card with our partner banks in Switzerland. The CHF limit of the card will have to be pledged by the coin holders in ROCKZ with ROCKZ AG.
COLLATERALIZED LOAN FACILITY
APZ holders holding at least 3,000 APZ will be able to apply for guarantees issuance. The CHF amount of the guarantee will have to be pledged by the coin holders in ROCKZ with ROCKZ AG.
ALPROCKZ TOKEN UTILITY8.2
AMOUNT OF ALPROCKZ HELD PRIVILEGE
(equivalent of 500 APZ)CHF 300 + Basic access to ROCKZ platform
(equivalent of 1500 APZ)CHF 900 + Basic access to ROCKZ platform
+ Credit card issuance facility
(equivalent of 3000 APZ)CHF 1800
+ Basic access to ROCKZ platform+ Credit card issuance facility+ Collateralized loan facility
35
TOKEN AND TOKEN GENERATING EVENT
Alprockz liquidity and benefits stability
Contributors who support the platform during the ICO Event and who are holding Alprockz tokens will receive additional benefits as the platform grows stronger and the cryptosphere legal framework becomes more stable and progressive. The ROCKZ platform team considers this goal to be a matter of honor.
To improve Alprockz liquidity and to make a more profitable offer for our contributors, just after the ICO Event we will establish the following principles in defining the number of tokens which should be held by a user in order to obtain holder’s privileges:
1. If the market APZ price is higher than the ICO price, a user has to hold only the APZ equivalent of the CHF amount needed to access the required option during the ICO. For example, if the price of the APZ is set at 1.00 CHF, and you have purchased 500 APZduring the ICO at a price of 0.60 CHF each to get basic access, your total balance is 500 CHF (500 APZ * 1.00 CHF). You may sell your extra 200 CHF (200 APZ) without loss of access, because you need only 300 CHF to get basic access. 2. If the current APZ price is lower then the ICO price, a user has to hold the amount of APZ required for basic access during the ICO. In the example above, if you bought 500 APZ at the price of 0.60 CHF each, and later the market price falls, you would not need to buy any additional APZ, because you still have 500 APZ in your wallet.
TOKEN ECONOMICS8.3
ROCKZ PLATFORM
EXCHANGEEXCHANGE
ALPROCKZ USERS
RKZ
RKZ
APZ
APZ
CHF/RKZRKZ/CHF + FEES
36
ROCKZ WHITE PAPER
The principles of token circulation inside the ecosystem are pretty simple. As was mentioned before, only ROCKZ platform users have access to the platform services. In this case, the ROCKZ platform becomes a kind of private club, where only members have access to the conversionof tokens into CHF, and to the transparency and reliability of the service. Meanwhile, any cryptocurrency user not holding APZ tokens may hold ROCKZ in their portfolio, but without possibility of conversion into a fiat currency, as this would make the instrument less safe.
The platform is financed by its users, who book cash deliveries to buy or sell ROCKZ tokens, paying fees for the services. These fees are deducted from the amount transacted. Fee revenues are used to cover the platform’s costs (audit, bank fees, vaults rent and construction, development, etc.)
ROCKZ and Alprockz will be available on exchanges, so every user has the possibility to use the platform’s services.
Alprockz is a utility token released on the Ethereum platform according to ERC20 standards. Total distribution of the tokens is limited to 175,000,000 APZ. This amount will never be increased. Tokens not distributed will be burnt.
TOKEN GENERATION EVENT8.4
Token Name
Token Type
Basis Blockchain
Total Token Emission
Tokens Available during Private Sale and ICO
Private Sale Dates
ICO Dates
ICO Token Price
Private Sale Minimum Buy-In Amount
ICO Minimum Buy-in Amount
Private Sale Hardcap
ICO Hardcap
Total Hardcap
Total Hardcap
Private Sale Discounts
Alprockz (APZ)
ERC20
Ethereum
175,000,000 APZ
01.07.2018 – 30.01.2019
Q1 2019
CHF 0.60 per APZ
There are three buckets (17,500,000tokens each) available on a “first come -first serve” basis.01.07.2018 - 15.11.2018 - 40% discount.16.11.2018 - 15.12.2018 - 30% discount.16.12.2018 - 30.01.2019 - 20% discount.
105,000,000 APZ
CHF 10,000
CHF 300 (equivalent to 500 APZ)
CHF 22,050,000
CHF 31,500,000
CHF 53,550,000
37
TOKEN AND TOKEN GENERATING EVENT
APZ will be available for trading on selected trading exchanges. As the APZ value is related to the usage of the ROCKZ platform, it is expected that contributors will be long-term holders of APZ. New ROCKZ users will be able to buy APZ tokens on exchanges.
TOKEN ALLOCATION8.5
ALLOCATION
FUNDS USAGE
TOKEN LISTING
8.6
8.7
55%10%20%
15%
Development & operations of RLegal and CompliancePromotion of Rockz adoption and other
OCKZ platform
blockchain innovations.Treasury reserve for any unplanned events.
10% 30% 30%15% 15%
Early-stage / seed investorsAccredited Private SalePublic saleFounders, Core Team & Advisors(vesting plan over 18 months)Platform & Treasury Alprockz AG
38
ROCKZ WHITE PAPER
9 ROADMAP
AUG 2017 Launch of the ROCKZ project by the core team
Jun 2018 Start of the tokenPrivate Sale to accredited investors
Dec 2017 First investors back the project
Jul 2018Agreements with main crypto brokers for the platform liquidity
Apr 2018 • Second round of
investors back the project• Start of the development
of the MVP
Feb 2018Request to the Swiss Regulator to review ROCKZ legal framework
Aug 2018Project is officially publicly announced
May 2018 Final documentation sent to Swiss Regulator and Swiss National Bank
39
ROADMAP
Jan 2019 Launch of public ROCKZ platform
Mar 2019 Offering of credit cards to spend ROCKZ anywhere anytime
Jul 2019 Launch of ROCKZEUR
Jun 2019 Offering of loans and bank guarantees
Sep 2019 Launch of ROCKZKRW
Sep 2018 Communication campaign starts
Oct 2018 • ICO of Alprockz
(APZ), the mother of all ROCKZ
• MVP live for ICO participants
• ROCKZ are available to purchase
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ROCKZ WHITE PAPER
10 TEAM
CORE TEAM10.1
ALEXEY BORICHEV FOUNDER
After graduating from the Moscow Aviation University as an engineer, Alexey has worked for couple years in engineering at Sukhoi, before joining prestigious banks such as ING and Promsvyazbank. He held various senior management roles in trading, specializing in FX and Interest Rates, before joining Novatek in Switzerland as CFO.
YASSINE BEN HAMIDA FOUNDER
Yassine graduated in International Relations from the University of Geneva (The Graduate Institute) and worked for the United Nations before joining banks such as UBS, Credit Suisse and Julius Baer. He specialized in servicing banks and other non-bank Financial Institutions and has held various roles, including Head of Global Cash and Treasury Services, and Head of Financial Institutions - Emerging Markets.
41
TEAM
Gabriel graduated with honors from the University of Business & Engineering Vaud (HEIG-VD, Switzerland) with a Computer Science degree specialized in AI and Distributed Networks. He received the Swiss Engineering Award for his research project/thesis on trait emergence in artificial populations. When he was not programming autonomous robots he was reverse-engineering things. After graduating he joined a startup where he built a distributed platform for connected objects (IoT) & developed hardware drivers for Linux and MacOSX. Since then he has worked for some of the biggest names in commodity trading and private banking where he specializes in designing greenfield trading, STP and regulatory platforms.
After studying at ETH Zurich, Manuel worked for UBS in various functions for six years. In 2012, he decided to embrace entrepreneurship and co-founded or supported the creation of multiple Swiss companies, combining his experience from banking, IT and bio-sciences.
After studying law at Geneva and Zurich Universities, Marc has headed the Legal and Compliance Team for a Swiss bank with offices in Geneva and Zurich, before joining the Swiss regulator, FINMA, in the Intensive Supervision of Banks team.
Paddy started his career as a journalist before joining and developing communication agencies. In 2007, Paddy created his own agency, Work Club, serving clients such as Pernod Ricard, Heineken, RB, Sharp and McLaren F1. After selling his agency in 2016 to Havas, Paddy has concentratedon investing in and building disruptive companies.
Eduardo is a formally-trained product designer and a seasoned design and creative consultant having worked for prestigious clients such as SEGA, PlayStation, BBC, Sky, Vodafone, Google, BMW, Rolex, etc. In 2008 he set up Pirata — his own London-based and multi-awarded design studio — which he sold to Havas in 2016 before setting himself up as an independent consultant.
Hosam is a cryptocurrency consultant, active in the launch and development of projects related to blockchain technology. Hosam has supported various ICOs in their marketing and business development efforts. Hosam joined ROCKZ in 2017 and is in charge of coordinating online marketing efforts.
GABRIEL ROSSETTICTO
MANUEL BANZGOVERNANCE
SPECIALIST
MARC WALPOTH LEGAL AND
COMPLIANCE
PATRIK GRIFFITH BRANDING AND
COMMUNICATION
EDUARDO DE FELIPEBRANDING AND
COMMUNICATION
HOSAM MAZAWI MARKETING
AND BUSINESS DEVELOPMENT
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ROCKZ WHITE PAPER
Gustavo graduated from the AKAD University of Applied Sciences, Zurich, with a major in Banking. After working for six years for UBS in different functions and leadership positions, he decided to continue his career as a consultant, and since 2015,has managed his own consultancy company. Gustavo has more than 20 years experience in the banking sector, as well as over 10 years managing business and IT projects.
Dmytro has lead projects with various specifics and complexity, from start-ups to enterprise software development and implementation. He has worked with international customers such as IBM, the European Commission and the Raiffeisen Banking Group. Dmytro is the author and implementater of software release processes in Raiffeisen Bank Aval for its core banking system, Bankmaster, and its satellites. He holds many certifications from different software vendors, such as Microsoft, VMware, Symantec, as well as in the Project Management area — including PMP and Scrum Master.
Vladimir got his Master Degree in Computer Science (Cybernetics) at Kyiv National University. He used to work in different C-Level roles at software development enterprises since 2005. Vladimir is a serial IT-entrepreneur with a strong background in Blockchain, Data Analytics, and Artificial Intelligence domains. He has 10+ years experience in Software Engineering and Software Consulting areas. Vladimir was awarded as «BEST CIO» in 2012 by «Computer Review» magazine.
Ilya has 20 years of experience in software development for a variety of applications, from Air Traffic Control to Telecommunications.
Claudia graduated in contemporary history, media and communication and anthropology. After her studies she joined the world of advertising and marketing, and has now over 12 years experience in the field. Her talent and passion for consulting has brought her to work with high-end clients including Credit Suisse, Julius Bär, Land Rover, Jaguar and Deloitte.
Tetiana holds a Master Degree in Language and Literature. She has extensive experience and expertise in customer services, business management and vault management. Tetiana joined Alprockz in 2018 and is the Personal Assistant to the Directors and Administrative Officer. Prior to joining our team, she has acquired broad international experience by working and studying in Ukraine, Poland and England. She speaks Ukrainian, Russian, Polish and English.
GUSTAVO COLLIARD PROJECT
MANAGEMENT
DMYTRO GREBENNIKOVBLOCKCHAIN PROJECT
MANAGER
VLADIMIR LIULKAIT AND BUSINESS
CONSULTING, SOFTWARE DEVELOPMENT, INVESTMENTS
ILYA DYDYKIN SOFTWARE
DEVELOPMENT
CLAUDIA SIGGMEDIA AND
COMMUNICATION
TETIANA SANTOS PEREIRA
OFFICE ADMINISTRATION
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TEAM
After graduating in 2013 from the London School of Economics and Political Science, Sebastien continued his studies at the Universita Bocconi in Italy. Before joining Bain as a Senior Associate Consultant in 2016, Sebastien has been working for various ventures such as Flynt, Rocket and Global Founders Capital. Sebastien has a deep understanding of Venture Capital and Private Equity. He joined Alprockz in 2018 and specializes on Business Development.
After obtaining his Bachelor in Management at HEC Lausanne, Frédéric chose to join the University of Zurich where he obtained his Master in Banking and Finance.
Reza has immense experience and in-depth knowledge in designing, implementing and assessing security architectures of complex ecosystems. His passion lies in cryptography as well as malware and its underground economy. As the Head of Security Innovation at the Swiss cyber security expert InfoGuard AG, he designs and implements novel security services and solutions concerning emerging technologies such as IoT (Internet of Things) and DLT (Distributed Ledger Technology). In addition, he holds a degree (dipl. Ing. Inf.) in Computer Science from Zurich University of Applied Sciences in Winterthur and a M.Sc. in Information Security (with Distinction) from Royal Holloway, University of London.
Niall has worked in Banking for over 21 years. He spent 10 years in London in various roles within Market Risk Management Department and 8 years in Moscow heading up the Financial Markets Department of a European Bank. Now back in head office as global head of FIFM Risk Management. Niall has a broad knowledge of all aspects of Commercial and Investment banking.
After graduating from the Moscow Institute of Physics and Technology and New Economic School, Vadim embraced a successful career as a currency trader at various international banks. Currently he is an independent advisor for a number of startups.
SEBASTIEN HESSHEAD OF BUSINESS
DEVELOPMENT
FREDERIC MAYUNGACRYPTOCURRENCY
ANALYST
ADVISORS10.2
REZA HEDAYAT ADVISOR
NIALL CARTONADVISOR
VADIM KUCHINSKIY ADVISOR
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ROCKZ WHITE PAPER
Tal is a successful tech-entrepreneur and advisor. Until 2017 he worked with such companies as Vivendi-Universal Games, McKinsey & Co, Google, Markets.com, CFD & FX, Flex, Qualcomm, Solarin. In late 2017 he co-founded Compass Blockchain Technologies together with the Eastmore Group. Tal has been involved in multiple blockchain ventures and ICOs, including Sirin Labs, Fusion.org where he led the advisory work on behalf of Compass Blockchain, and other projects. Having worked with many blockchain companies Tal gained significant expertise and contacts globally across the blockchain ecosystem. This experience allows him to confidently guide companies in their activities in this space, from ideation stage, through strategy and planning and all the way to implementation.
TAL COHENADVISOR
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CONTACT INFORMATION
11 CONTACT INFORMATION
Alprockz AG Neuhofstrasse 5A, Baar 6340 Switzerland
ROCKZ AG Neuhofstrasse 5A, Baar 6340 Switzerland
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APPENDIX AND REFERENCES
12 APPENDIX AND REFERENCES
Number of IPOS in the US market between 1999 and 201719
19 Bloomberg Data, March 2018
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ROCKZ WHITE PAPER
BLOCKCHAIN https://en.wikipedia.org/wiki/Blockchain FIAT MONEY https://en.wikipedia.org/wiki/Fiat_money MARKET RISK https://www.investopedia.com/terms/m/marketrisk.asp COUNTERPARTY RISK https://www.investopedia.com/terms/c/counterpartyrisk.asp SETTLEMENT RISK https://www.investopedia.com/terms/s/settlementrisk.asp SWITZERLAND https://en.wikipedia.org/wiki/Switzerland
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DISCLAIMER
13 DISCLAIMER
All information and materials contained in this document are provided for informational purposes only and are subject to change at any time without notice. Alprockz AG and ROCKZ AG, Zug/Switzerland (“the Companies”) may add information to, remove or amend any information and/or material contained in this document at any time and in its sole discretion. This document and all information contained herein is not directed at or intended for use by any person resident or located in any jurisdiction where (1) the distribution of such information is contrary to the laws of such jurisdiction; or (2) such distribution is prohibited without obtaining the necessary licenses or authorizations by the Companies and such licenses or authorizations have not been obtained.
Products and services described herein may not be eligible for sale or available to residents of certain countries or certain categories of investors. Please consult the applicable terms and conditions such as sales restrictions or key specific notes for further information once the final documents may be available. No information or materials contained herein should be construed as a solicitation, offer or recommendation, to buy or sell any securities, investment or other financial instruments, to effect any transactions or to conclude any legal act of any kind whatsoever. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information and/ or the materials, nor are they a complete statement of the products, services, securities, markets or developments referred to herein. The materials should not be regarded by recipients as a substitute for the exercise of their own judgment. Any opinions are subject to change without notice and may differ or be contrary to opinions expressed in another context as a result of using different assumptions and criteria.
The Companies provide no investment, legal or tax advice and nothing herein should be construed as being financial, legal, tax or other advice. The Companies do not represent that any investment, products or services discussed herein are suitable for any investor. No investment or other decisions should be made solely based on the contents or information found in this document. When making a decision about your investments, you should seek the advice of a professional financial advisor or qualified expert. Potential investors are urged to consult their own tax advisors as to the tax consequences of acquiring, owning and disposing of APZ and or ROCKZ coins.
This document may contain statements that constitute “forward looking statements”. While these forward looking statements may represent the Companies’ judgment and future expectations, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from the Companies’ expectations. The Companies are under no obligation to (and expressly disclaims any such obligation to) update or alter its forward looking statements whether as a result of new information, future events, or otherwise. In case of delays in the realization of ROCKZ platform, participants to the ICO do not have any claims against Alprockz AG or ROCKZ AG. Specifically, contributors to the ICO have no reimbursement claims. US persons cannot participate to Alprockz ICO neither can be client of ROCKZ Platform.
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ROCKZ WHITE PAPER
Your use of the information and materials contained in this document is at your own risk. The Companies expressly disclaim all representations or warranties of any kind, whether express or implied, with respect to all information, materials, content contained and functionalities described herein, including but not limited to warranties of title, non-infringement, merchantability or fitness for a particular purpose. Without limiting the foregoing, the Companies do not warrant the accuracy, timeliness, completeness, security, reliability or availability of the information. To the fullest extent permitted by law, in no event shall the Companies, or any of its directors, employees, contractors, service providers or agents have any liability whatsoever to any person for any direct or indirect loss, liability, cost, claim, expense or damage of any kind, whether in contract or in tort, including negligence, or otherwise, arising out of or related to the use of all or part of this document. This document may contain third party content or links or reference to third party websites. These content and links are provided solely for your convenience and information. The Companies have no control over, do not assume any responsibility for and do not make any warranties or representations as to, any third party content or websites, including but not limited to, the accuracy, subject matter, quality or timeliness.
The Companies, or the applicable third party owner, retain all right, title and interest (including copyrights, trademarks, patents, as well as any other intellectual property or other right) in all information and content (including all text, data, graphics and logos) in this document. Individual pages and/or sections of this document may be printed for personal or internal use only, and provided that such print outs retain all applicable copyright or other proprietary notices, including this disclaimer.
Version as of August 28th 2018.
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ROCKZ
© 2018 Alprockz AG. All rights reserved.