Yani Fitriyah: ROSCAcoin (RCA) A self-regulated, autonomous, decentralized cryptocurrency

ABOUT

The ROSCA method is a group of individuals who agree to meet together for the purpose of saving and borrowing for a certain period of time. This is a mixed form of peer-to-peer banking (P2P) and peer-to-peer lending (P2P).

According to Wikipedia 'FJA Bouman describes ROSCA as "the bank of the poor, where money is not idle for long but rapidly changing, satisfying consumption and production needs." They are also known as tsas (Latin America), partnershand (West Indies), cundinas (Mexico), ayuuto (Somalia), hagbad (Somaliland), milk (West Africa and Caribbean), hui (会) (Asia), palawugang ), Gam'eya (Middle East), kye (계) (South Korea), tanomosiko (頼母子講) (Japan), pandeiros (Brazil), junta or quiniela (Peru), CAR Ţigănesc / Roata (România), and arisan (Indonesia). '

There are more than 1 billion people or 17% of adults in developing countries around the world using ROSCA to store / borrow and support each other in their trusted communities. In addition, more than 2 billion people or 39% of the world's population do not have bank accounts in the world and they may need help for some financial activities such as loans. The bank system is contradictory because its purpose is to serve the rich, not the poor. For people who do not have bank accounts, have no salary and good credit score, it will be very difficult for them to get financial support such as bank loans from traditional financial institutions. In fact, they are a group of people most in need of help. In addition, the fees for commercial bank loans will be high for this group of people.

ROSCA's global market size is estimated at more than 500B USD per year. (The calculations made will be 1% -10% times GDP from the country's benchmark by India) In addition, the P2P lending market is growing rapidly and has a market size of 70B USD per year globally.

WHY ROSCACOIN?

ROSCAcoin (RCA) is a self-regulated, autonomous, decentralized cryptocurrency, a Ro Tating-powered blockchain and a S aving C redit A ssociations (Rosca) ecosystem platform. With blockchain technology that includes smart contract features, ROSCAcoin is able to build ecosystems of financial solutions that leverage social capital and trust to collaborate with better finance options by eliminating higher borrowing costs, easier financing, better investment options and risk diversification.

ECOSYSTEM ROSCACOIN

The ROSCAcoin ecosystem is a complete, transparent, free and effective financial solution. This ecosystem will contain the various financial solutions provided to our users for investment or lending purposes, the financial platform in the ROSCAcoin Ecosystem is as follows :

TOKEN Specs

The total amount of ERC-20 (Ethereal) issued will be limited to 10 billion (10,000,000,000), and can not be issued again

USE OF PROCEEDS

45% of the funding we obtained from RCA tokens will be allocated to our team salary and allowance, as we believe our team members are the main asset in the ROSCAcoin organization.

15% will be allocated to our office expenses and overheads, such as office rental, utilities, furniture and fitting.

15% is to be allocated to our contractors, including legal advisor, outsource bounty service, outsource designer and other outsource services.

10% is to fund our marketing activities, and these expenses include business development and digital marketing.

10% is for other projects such as implemention for ROSCAcoin merchant, Kiosk, and building infrastructures for remote area.

5% of the fund shall form the contingency reserve.

ROAD MAP