ROCKZ

ROCKZ is a cryptocurrency that is backed in value to the Swiss Franc, in a 100% transparent and legally enforceable way.

Whitepaper

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What is ROCKZ

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.

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).