ROSCAcoin ICO - Decentralised Banking Services for the Everyone based on the blockchain technology

INTRODUCTION

If you’re reading this post, it is very likely you have some ideas about cryptocurrency and blockchain technology and I’d like to introduce you to ROSCAcoin a Finance project/platform for the Ordinary.

In our world today few out of every odd low-wage individual can get loan in a commercial bank. The explanation behind this is a low level of income / revenue, an awful record of loan repayment or a past conviction. Also, how to be to such individuals, on the off chance that you truly need to take a credit, however nobody gives it? For this reason, the ROSCAcoin team is presenting a project that solves that completely, which involves people investing in a common pool from which anyone can take loan at a reasonable percentage.

The ROSCA (Rotating and Saving Credit Associations) is not something new. Rosca is a "Bank for the ordinary". Similar communities exist in a large number of countries in the third world. According to statistics, more than 1 billion people in developing countries use ROSCA, which is about 17% of the total adult population, for lending and obtaining a percentage of deposits.

VISION
To build a sustainable partnership with the wealthy and businesses whom would invest in the same vision to provide financial solutions and strive the accessibility of financial facilities for the needy.

MISSION
• To create a decentralized financial solution ecosystem using blockchain technology. To create a platform which is transparent to any parties involved.
• To enable user with the authority to control and manage their financial solution without third party intervention at low cost.
• To create a crypto-community where the wealthy and businesses are directly connected with their stakeholders.

ROSCAcoin ECOSYSTEM

ROSCAcoin is a self-regulating, autonomous and decentralized blockchain platform. With the blockchain technology which encompasses smart contract features, ROSCAcoin able to build a financial solution ecosystem which leverages social capital and trusties to collaborate with better financial options by eliminating higher cost of borrowing, easier financing, better investment options and diversification of risk.

ROSCAcoin Ecosytem platform will offer multiple financial solutions to our user, as below:
• ROSCA Lending Circle
• ROSCA Credit Score
• ROSCA Merchant Program
• ROSCA P2P Platform
• ROSCA Crowdfunding Platform
• ROSCA Charity Platform
• ROSCA Lucky Draw Platform

SOLUTION ROSCAcoin IS PRESENTING

ROSCAcoin solves the problem of the banking business by using Blockchain technology and building the company's business with smart contracts.
ROSCAcoin decided to build a whole system of financial decisions, not limited to just lending. That is good enough - they try to use the potential of their site to the maximum.
Briefly consider them:

Loan cycle ROSCA (RLC) is the main product of the company. This is just the implementation of the ROSCA credit cycle, implemented on the blocking platform, with all the consequences. The developers promise a convenient interface and management through the web and mobile versions of the platform. In simple terms: any person can invest in the ROSCA credit cycle, create one or join someone else's. In other words - you can invest in the system and get for it%, but you can be on the other side of the relationship and take advantage of loans that are invested by such ordinary people.
The platform is built on the blockbuster Etherium using smart contracts. The platform accepts BTC, as well as ETH in test mode. These currencies can be exchanged for ROSCAcoin.

ICO

In total, 10 billion tokens will be created at a time, without additional emissions. For sale, 1.5 billion will be spent. Of this amount, 3 billion tokens have been allocated to the ICO by the developers. ICO will begin on April 7, 2018. The initial price of 1 ETH is 40,000 tokens. Developers plan to develop the platform by 2020.
45% of the funds collected will be utilised on the team's salary while 15% of the funds will be utilised for the contractors. The team is a mix of talent and experience who are determined to bring new financial ecosystem.

Funds Allocation

ROADMAP

Be a part of this tremendous project. Download the whitepaper for the full scoop.

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

For more information please visit the links below;

Website: https://roscacoin.io/
Facebook: https://www.facebook.com/Roscacoin
Twitter: https://twitter.com/RoscacoinToken
Telegram: https://t.me/roscacoin
Github: https://github.com/roscacoin/roscacoin

Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409