ROSCAcoin
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.
ROSCAcoin Roadmap
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2017 September
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Market Research October - Business Plan, Marketing Plan, Whitepaper Documentation.
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2018 March
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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
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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
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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. -
2021
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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
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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.
Activity
Team
Verified 38%
Attention. There is a risk that unverified members are not actually members of the team
Advisors
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
ROSCAcoin Interviews
Last News
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