ROSCAcoin ROSCAcoin

ROSCAcoin

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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. Rotating and Saving Credit Associations (ROSCA) method is a group of individuals who agree to meet together for save and borrow purpose with a defined period. It is a form of combined peer-topeer banking (P2P) and peer-to-peer lending (P2P). ROSCAcoin Ecosystem is a complete, transparent, free and effective financial solution. ROSCAcoin (RCA) tokens are the currency to be transacted for the ROSCAcoin Lending Circle and other products/services provided by us. Besides, altcoins like Bitcoin, Dash, Dogecoin, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple and Wave will be supported by our platform as well in future. With the smart contract, ROSCAcoin platform will be run autonomously as per written in smart contract, transaction history will be stored in each user profile transparently, auditability and in decentralized way.
Sale
Apr 1, 2018
Jun 2, 2018
91% completed
no data
ongoing
Pre-sale
Mar 1, 2018
Mar 31, 2018
100% completed
no data
past

About ROSCAcoin

ROSCA method is a group of individuals who agree to meet together for save and borrow purpose with a defined period. It is a form of combined peer-to-peer banking (P2P) and peer-to-peer lending (P2P).

There are more than 1 billion people or 17% adults in developing countries around the world using ROSCA to save/borrow and support each other within their trusted community. Besides, more than 2 billion individuals or 39% of the world’s population don’t have bank account in the world and they might need help for some financial activity like loan. The bank system is contradicted as their purpose is to serve rich people instead of poor people. For people who don’t have bank account, don’t have good pay job and bad credit score, it will be very hard for them to get financial support like bank loan from traditional financial institution. In fact, they are the group of people which need help the most. Besides, the cost for commercial bank loan will be high for this group of people.

The global market size of the ROSCA is estimated more than 500B USD per year. (The calculation taken will be 1%-10% times the GDP of the country benchmark by India) Besides, the P2P lending market is growing rapidly and has a market size of 70B USD per year globally.

Features

ROSCAcoin (RCA) is cryptocurrency which supported by a self-regulating, decentralized, blockchain powered Rotating and Saving Credit Associations (ROSCA) ecosystem 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 financial options by diversification of risk and attempting to decrease the cost of borrowing.

Roadmap

  • 2017 September

  • Market Research October - Business Plan, Marketing Plan, Whitepaper Documentation.
  • 2018 March

  • March - Pre ICO launch. April - ICO launch. July - ROSCA Lending Circle (RLC) Core & Mobile Development. August - ROSCA Lending Circle (RLC) & ROSCA Merchant Program (RMP) MVP Testing, ROSCAcoin listing in token exchange platform. October - ROSCA Lending Circle (RLC) Final Product Development.
  • 2019

  • January - ROSCA Credit Score (RCS) Product Development. April - ROSCA Lending Circle (RLC) & ROSCA Merchant Program (RMP) Go Live. May - ROSCA Credit Score (RCS) Go Live. August - ROSCA P2P Platform (RPP) Core & Mobile Development. October - ROSCA P2P Platform (RPP)MVP Testing.
  • 2020

  • January - ROSCA P2P Platform (RPP) Final Product Development. April - ROSCA P2P Platform (RPP) Go Live. July - ROSCA Crowdfunding Platform (RCP) Core & Mobile Development. August - ROSCA Crowdfunding Platform (RCP) MVP Testing. October - ROSCA Crowdfunding Platform (RCP) Final Product Development.
  • Read More
  • 2021

  • January - ROSCA Crowdfunding Platform (RCP) Go Live. April - ROSCA Lucky Draw Platform (RLD) Core & Mobile Development. June - ROSCA Lucky Draw Platform (RLD) MVP Testing. October - ROSCA Lucky Draw Platform (RLD) Final Product Development.
  • 2022

  • January - ROSCA Lucky Draw Platform (RLD) Go Live. March - ROSCA Charity Platform (RYP) Core & Mobile Development. May - ROSCA Charity Platform (RYP) MVP Testing. August - ROSCA Charity Platform (RYP) Final Product Development. November - ROSCA Charity Platform (RYP) Go Live.

Materials

ROSCAcoin

Activity

Posts:
12
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Followers:
111
VERY LOW
Likes:
109
VERY LOW
Rating:
5
VERY HIGH
Reviews:
1
VERY LOW
Followers:
2 792
MEDIUM
Tweets:
18
VERY LOW
Members:
5 675
HIGH
Alexa
Rank:
4 310 377
VERY LOW
Delta:
0
Year commits:
1
Watchers:
0
Stars:
0
Forks:
0
Open issues:
0

Team

Verified 38%

Attention. There is a risk that unverified members are not actually members of the team

ACMA CGMA, Co-founder, Product, Strategy
verified
Co-founder, Finance, Operation
verified
Franky Tan
Co-founder, Business Development
unverified
Wilson Chin
Co-founder, Business Development
unverified
Co-founder, Mobile Lead
verified
Muhammad Chairullah...
Back End Engineer, Indonesia Community Lead
unverified
Full Stack Engineer, India Community Lead
unverified
Justin Goh
Co-founder, CTO
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Ken Ho
IT Advisor
unverified
Wilson Ng
Advisor
unverified
Foong Wei Chieh
Advisor
unverified
Ronnie
Advisor
unverified
Boon Lee
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I will be focus on product, strategy, plan execution
Troy Woo
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Major in operation and finance analysis for this project. Responsible for 3 years budgeting and overview the process of development. ROSCA method was very popular in Malaysia and Indonesia. This is very common for those people without bank account to get some small amount loan. However the highest risk on those lending circle was due to the circle owner or the participants ran away after they got the bid and money. We believe with blockchain technology, we can make it better. We are not only developing the lending circle platform, but we are developing a ecosystem for the people.
Shu Han Goh
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Developer

Last News

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