Rockstable Token.Trustless

No Intrinsic Value.

Updated: Jul 5

If you have received ROKS in your SparkPoint wallet, you can cash it out through Palawan Economy, Palawan Express, ML'Huillier, or Cebuana. (Your sender may have chosen for you; in which case you should use the fifth burn address "predetermined".)




Important:


Bloom Remit charges additional 1% fee; so for example, if you are receiving about $100, the ROKS you send will be reduced by about $2 if using Palawan Economy.


These addresses are for use by remittance recipients only. If you received your ROKS in any way other than remittance, Bloom Remit will not know about you and will not be able to get your cash. In general, if you did not receive your ROKS from abroad, you can't use any of these burn addresses to cash out. We will provide another way for you to cash out soon.


Be very careful when copy-pasting any of the above addresses. You could lose all your money if you make a mistake! We are working with SparkPoint so that you can do this very easily, securely, and with no possibility for error. Coming soon.

  • RockStable

November, 2019 (Las Vegas) RockStable has signed a deal with Prime Trust (an API-based bank) wherein RockStable will provide the infrastructure for management of the ROKS stablecoin. Prime Trust will use the infrastructure to release ROKS for every US dollar deposited to the bank. Every USD received will then form the backing for ROKS.


The significance of this is that ROKS can now be legally bought in the U.S. through the RockStable website using the Prime Trust API in the back-end. ROKS is a stablecoin initially targeted for the remittance use-case, particularly remittance to the Philippines. There are now more than ten million Filipinos who work outside of the Philippines and practically all of them send money back home on a monthly basis to support their families. They can soon save a little money by exchanging their USD for ROKS for sending to their families in the Philippines. Unlike other remittance methods, using ROKS allows recipients to receive ROKS directly. They can then exchange ROKS to PHP or USD at a local exchange. RockStable will announce an exchange partner and a bank partner in the Philippines early next year.


RockStable (https://rockstable.io) is the technology startup who built the ROKS infrastructure. RockStable is registered in Wyoming, USA and was started and is run by Filipino overseas workers themselves Carlos C. Tapang (Microsoft alumnus), Patrick Viernes (Microsoft alumnus), and Ken Bugayong (ex-Banko Sentral ng Pilipinas fund manager in charge of $30 billion worth of gold).


Prime Trust is a crypto-friendly fiat bank based in Las Vegas. "USDS from Stably and now ROKS from RockStable. Stablecoins will have a significant impact in FinTech and Prime Trust will power this part of the cryptocurrency revolution", says Scott Purcell, CEO of Prime Trust. "We have been waiting for a remittance solution in this space, and now with ROKS we can finally provide this benefit to our users worldwide", added Jimmy Bingham, Business Development Executive at Prime Trust.


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