The ROSCA method is a group of people who agree to meet for reasons of saving and borrowing for a certain period of time. This is a composite form of peer-to-peer banking (P2P) and peer-to-peer (P2P).
According to Wikipedia 'FJA Bouman describes ROSCAs as "the bank of the poor, where money is not idle for too long but changes hands quickly, satisfying both consumption and production needs." There are more than one billion people or 17% adults in developing countries across worlds that use ROSCA to store / borrow and support each other in their trust communities.
ROSCA's global market size is estimated at more than 500 billion USD per year. (The calculation will be from 1% to 10% of the country's benchmark index GDP by India). In addition, the P2P lending market is growing rapidly and has a market size of US $ 70 billion per year worldwide.
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 diversification risk.
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:
- Rosca Credit ScoreROSCA Credit Score (RCS) is our second product. The purpose of building this product is to increase
trust in users who participate in the ROSCA loan loop. For example:- Users who fulfill contracts often participate in large amounts of ROSCA loan circles will
get higher credit scores. - Reduce collateral and increase investment limits in the ROSCAcoin Ecosystem platform.
- While users who are not dedicated to contributing and participating less in
ROSCA Loop Rings will get a low credit score. - Requesting a higher guarantee and limited investment in the ROSCAcoin Ecosystem platform.
- Users who fulfill contracts often participate in large amounts of ROSCA loan circles will
- ROSCA Loan Circle (RLC)ROSCA Lending Circle (RLC) is our first and main product. It contains the ROSCA methodology and consists of
a blockchain smart contract that automates the process of savings, lending and other ROSCA processes.
With the technology adopted, we can strengthen and improve the ROSCA method by
automating processes, creating or improving credit scores and eliminating potential risks and fraud.
- ROSCA P2P Platform (RPP)ROSCA P2P Platform (RPP) is our third product. Peer-to-peer (P2P) lending is a method of debt financing
that allows individuals to borrow and lend money without an intermediary like a
conventional financial institution . - ROSCA Crowdfunding Platform (RCP)ROSCA Crowdfunding Platform (RCP) is our fourth product and it is a product to realize dreams.
We enable two types of crowdfunding such as soft crowdfunding (investment pool, etc.) and
hard crowdfunding (machine / IoT / physical assets). - The ROSCA Merchant Program (RMP)The ROSCA Merchant Program (RMP) is a program for our community (users using
our platform ) that allow members to use ROSCAcoin to trade goods or services. - ROSCA Charity Platform (RYP)ROSCA Charity Platform (RYP) is our seventh product. The purpose of this platform is to fulfill
Corporate Social Responsibility and we believe that through the application of Blockchain technology, fraud
and bias towards disbursement of charity funds will be regulated and distributed to eligible recipients. - ROSCA Lucky Draw Platform (RLD)The ROSCA Lucky Draw Platform (RLD) is the sixth product for the ROSCA ecosystem. This is a
fun and exciting platform for all ROSCAcoin users. The platform is designed to collect 10 RCAs
at the start of each quarter of the year. All collected coins will be stored in the pool.
More info can visit the link below:
- Website: https://roscacoin.io/
- Whitepaper: https://roscacoin.io/wp-content/uploads/2018/03/Roscacoin-Whitepaper1-V1.0.pdf
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