The ROSCA

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The ROSCA method is a group of individuals who agree to meet to save and borrow money within a certain period of time. This is a form of peer-to-peer banking (P2P) and peer-to-peer (P2P) loans. 

According to Wikipedia 'FJA Bouman ROSCA is described as a' bank of the poor, where money is not idle for long, but changes hands quickly, meets consumption and production needs. ' They are also known as batches (Latin America), partnerhand (Netherlands), cundinas (Mexico), ayuuto (Somalia), hagbad (Somaliland), milk (West Africa and Caribbean), hui (会) (Asia), palawugang (Philippines) , 頼 母子 () (Japan), pandeiros (Brazil), together or football swimming pool (Peru) CAR Ţigănesc / Roata (Romania) ) and Arisan (Indonesia). ' 

There are more than 1 billion people or 17% adults in developing countries around the world who use ROSCA to save / borrow money and support each other in their community with full confidence.In  addition, more than 2 billion people or 39% of the world population has no bank account in the world and may need help for some financial activities, such as loans.  The banking system is against itself because its purpose is to serve the rich, not the poor. For people who do not have bank accounts, not having both paid jobs and bad credit conditions, it will be very difficult to get financial support, such as bank loans from traditional financial institutions. In fact, they are the group of people most in need of help. Also, 

ROSCA's global market size is estimated at more than 500 billion dollars per year. (Calculations will be 1% -10% more than the GDP of the country's benchmark index for India) In addition, the P2P lending market is growing rapidly and has a market size of 70 billion USD per year worldwide. world

TOKEN SPECIFICATIONS

The total number of issued ERC-20 (Ethereum) will be limited to 10 billion (10,000,000,000) and can not be reissued: 

• Team - 35%
• Reserve - 15%
• Partner - 15%
• Sales Token - 15%
• Community - 10%
• Foundation - 5%
• Marketing - 5%

USE OF BENEFITS

• 45% of the funds we earn from RCA tokens will be allocated to our team's salary and allocation, as we believe that our team members are a key asset in the ROSCAcoin organization.
• 15% will be used for general office expenses, such as office rent, public services, furniture and accessories.
• 15% will be provided to our contractors, including legal counsel, external reward services, external designers and other external services.
• 10% is to finance our marketing activities, and these costs include commercial development and digital marketing.
• 10% for other projects, such as the implementation of ROSCA coin dealers, kiosks and infrastructure development for remote areas.
• 5% of the funds are contingent reserves.

WHY ROSCACOIN?

ROSCAcoin (RCA) is a cryptocurrency that has the support of an independent, autonomous, decentralized ecosystem platform, supported by blockchain. ROSCA is derived from an acronym in English (Association of Credit Spin and Saving). With blockchain technology that embraces the characteristics of ROSCAcoin smart contracts can build ecosystem financial solutions that leverage social capital and confidence in technology to work with better finance options by eliminating higher costs of loans, easier financing, investment options and risk diversification. better.

ECOSYSTEM ROSCACOIN

The ROSCAcoin ecosystem is a complete, transparent, free, and effective financial solution. This ecosystem will contain a variety of financial solutions that will provide our users with investment or loan objectives, the financial platform in the ROSCAcoin Ecosystem is as follows

• Credit Score The ROSCA Credit Score' (RCS) Credit Score is our second product. The purpose of making this product is to increase the trust of users who participate in the ROSCA loan circle. For example, contract-abiding users often participate in large amounts of loans from ROSCA will get the highest credit score, reduce guarantees and increase investment limits in the ROSCAcoin ecosystem platform, while users will not be dedicated to contribute and participate less in the ROSCA loan circle and will earn scores low credit and ask for higher guarantees and limited investment in the ROSCAcoin ecosystem platform. In addition, credit scores may be shared with external entities for testing purposes and credit history may be reviewed. 
• By applying a ROSCA credit score, we believe that this will have a positive effect in communities that good users will continue to have, and bad users will be eliminated. In addition, it will also help other users to make decisions about their investments and reduce risk.
• Lending Circle ROSCAs ( 'Rosca Lending Circle') (RLC) 
• The ROSCAs Loan Circle (RLC) is the first and our main products. It contains the ROSCA methodology and consists of a blockchain intelligent contract that automates the process of saving, debt and other processes of ROSCA. The ROSCA loan circle presents the amount of contributions, the allocation of funds for the bidding process and withdrawal of funds from each month. This platform can be conveniently operated and handled through its website and mobile device. Due to the network nature of the product, users can create or join a ROSCA loan loop within the trust community and, therefore, can expand the network. Too, We will provide incentives to users who create a suite of services that will provide financial services and assistance to people who need them. In addition, participants can also earn interest based on the interest they offer. With the technology adopted, we can strengthen and improve the ROSCA method by automating processes, creating or improving credit scores and eliminating possible risks and fraud. Finally, our platform will support stable currencies, as they are linked individually with fiat currencies, which increase stability and reduce vitality. Create or upgrade credit scores and eliminate potential risks and fraud. Finally, our platform will support stable currencies, as they are linked individually with fiat currencies, which increase stability and reduce vitality. Create or upgrade credit scores and eliminate potential risks and fraud. Finally, our platform will support stable currencies, as they are linked individually with fiat currencies, which increase stability and reduce vitality
• ROSCA P2P Platform (RPP) 
• The ROSCA P2P platform (RPP) is our third product. Peer lending (P2P) is a method of debt financing that allows people to borrow and lend money without an intermediary, such as a conventional financial institution. With peer-to-peer loans, borrowers take loans from individual investors willing to lend their own money, at an agreed interest rate. The ROSCA (RCS) credit value of the borrower is available so that investors can determine the risk of lending the money.
• ROSCA Funding Platform (RCP) 
• The ROSCA Funding Platform (RCP) is our fourth product and is a product to achieve dreams. We welcome anyone who wants to achieve their dreams and anyone willing to help others achieve their dreams. We allow two types of crowdfunding, soft crowdsfunding (investment pools, etc.) and difficult crowdfunding (machine / IoT / physical assets). Anyone can invest a percentage of shares (shares) in an investment group or a machine that will generate revenue and, in return, receive a share of the profits / dividends from it. With this scalable and democratic model, we can unlock billions of investment opportunities that previously controlled centralized institutions. The goal is to drive more business opportunities and encourage young minds to innovate new business models for the digital economy. We believe that through this platform, markets for most of the commercial sector will be expanded, bringing opportunities for people to shape their own businesses and achieve financial freedom. The startup process will be managed by smart contracts automatically without the need for intermediaries.
• Traders of THREAD (RMP)
• Program The Traders trader (RMP) is a program for our community (users using our platform) that allow members to  use ROSCAcoin to exchange goods or services.
• ROSCA Donation Platform (RYP) ROSCA  
• Donation Platform (RYP) is our seventh product. The purpose of this platform is to  fulfill our corporate social responsibility and believe that through the adoption of Blockchain technology, fraud and bias in the disbursement of charity funds are arranged and channeled to the correct recipients. 
• In each quarter of this year, our team will collect and evaluate the implementation of nonprofit organizations, then publish the proposed charity program in this platform. ROSCAcoin will lead the initiative to contribute contributions to the program. All users are welcome to contribute to charity programs that are published freely and on their own accord.
• ** The ROSCAcoin product range will be upgraded as business grows.
• ROSCA Draw  
• Platform  (RLD) The ROSCA 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 kept in groups. At the end of each quarter, the platform automated system will randomly select the winners who donate the coins in the group. 
• The prize is as follows:  First Place 
• Winner Winner  
• 30% of total coin in second group  
• Winner 20% of total coin in group 3  
• Third Winner 10% of total coin in group
• Winner of consolation (40 users) 1% of total coin in group  
• * RLD platform will charge 5% of each winner as transaction fee. 
• The automated system is operated through Blockchain and intelligent contract technology, where the winner's lucky draw in the group is random and free of manipulative behavior.
• Foundation - 5%

ROADMAP

2017

• September - Market research
• October - Business plan, marketing plan, technical document documentation

2018

• March - Launch of ICO launch
• April - Launch of ICO
• July - ROSCA Loan Circle (RLC) Main & Mobile Development
• August - ROSCA Loan Circle (RLC) & ROSCA Traders Program (RMP) MVP Test (minimum worthy product), List ROSCAcoin on token exchange platform (exchange)
• October - End Product Development ROSCA Loan Circle (RLC

2019

• January - ROSCA Product Development Credit Score (RCS)
• April - ROSCA Loan Circle (RLC) & ROSCA Merchants Program (RMP) Live
• May - Credit Score from ROSCA (RCS) Live
• August - PEC Platform ROSCA (Main RPP) and Mobile Development
• October - ROSCA P2P platform (RPP) and MVP test (minimum product eligible)

2020

• January - ROSCA End of Product Development P2P Platform (RPP)
• April - Live P2P Platform (RPP)
• July - ROSCA Funding Platform (RCP) Main & Mobile Development
• August - ROSCA Funding Platform (RCP) and MVP test (minimum product eligible)
• October - End Product Development ROSCA Funding Platform (RCP

2021

• January - Live ROSCA Funding Platform (RCP)
• April - ROSCA Draw Platform (RLD) Main & Mobile Development
• June - ROSCA Draw Platform (RLD) and MVP test (minimum product eligible)
• October - End Product Development ROSCA Draw Platform (RLD)

2022

• January - ROSCA Live Draw Platform (RLD)
• March - ROSCA Donation Platform (RYP) Main & Mobile Development
• May - ROSCA Donation Platform (RYP) and MVP test (minimum product eligible)
• August - End Product Development ROSCA Donation Platform (RYP)
• November - ROSCA Donations Platform (RYP) Live

For more informations; 

https://roscacoin.io/

https://roscacoin.io/wp-content/uploads/2018/03/Roscacoin-Whitepaper1-V1.0.pdf

https://twitter.com/RoscacoinToken

https://www.facebook.com/Roscacoin/

https://t.me/roscacoin

https://bitcointalk.org/index.php

https://github.com/roscacoin/roscacoin

Author by bakul banyu

Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1134117