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Friday, March 23, 2018

ROSCA - Complete, Transparent, Free And Effective Financial Solutions

Greetings Community,


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.


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.


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:


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


  • 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.


ROSCA Timeline
September - Market Research
October - Business Plan, Marketing Plan, Whitepaper Documentation
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
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
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
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
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

For More Information:

Bitcointalk username :Aray80

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