White Paper
Roxx blockchain is an innovative startup created by Abel Stern, a private investment company. It offers a fully bespoke, multi-layered blockchain, building a future of trusted digital applications. The first application will be the ultimate smart wallet for gold bullion, digital assets, and interest-earning facilities.
The Roxx blockchain will facilitate privacy-centric applications and dApps. Creators can customize every aspect of the applications. Initially, it will have a privacy-orientated default. Chain analysis is negated since it is in the private sphere, away from prying eyes. The app authors can decide if they require a public central log explorer for their specific application and we will create bespoke applications for industries with ethics in mind.
We will issue 2 million RXX coins as ERC20 tokens, one time only, at a fixed price of 300USD per coin. This will enable fundraising and investment from users into the project. The live project will reap interest earnings APY after the initial live period, taken from a 5% or greater share of company profits. Potentially, Roxx tokens could yield 15% or more per annum. We will work on the theory of a fixed number of coins that cannot be created again. The network will take fees from the coin being sent, which is automatically converted to RXX to pay the network. RXX would eventually be cross chain on Ethereum and the Roxx chain. Eventually, it will be fully ported to the Roxx chain only, creating the ability for app token creation on the Roxx platform.
The initial stage is to build the Roxx blockchain infrastructure. After this, we will begin our first project and use case, specifically the app for iOS, Android, and a browser app. This will create a defined user experience in digital asset management and will be the flagship wallet. With only carefully selected coins supported, interest will be available on deposited balances. We would enable staking rewards with our carefully selected products from 5 – 15% per annum. Rolling daily interest will be paid without the requirement for actual bonding periods.
We will use a cold-wallet secure system. Users will easily be able to exchange one coin for another in an instant, with all major pairs available. Our gold bullion exchange coin will be Roxx Gold or RXG. All exchanges can be carried out and used to spend funds on the Mastercard which will be available both virtually and physically. Users will be able to buy crypto with their linked bank card and also spend with their pre-paid card. We will create a virtual card in the app so it can be used online or as a physical card, which can be easily ordered. This will be our complete gold bullion and digital asset platform. It will be designed with the everyday user in mind with the aim to perfect the user experience. Deposits will be fully insured.
During phase two, we will design a perfect, secure, reliable, digital gold bullion coin that users can exchange, called RXG. The functions of the blockchain are the ease of implementation of security and reliability. We will review this with our technical team to ensure the Roxx blockchain creates a perfect user experience with mass scalability. Only senders and receivers of the transaction will be able to view the log explorer transaction for confirmation.
You will be able to invest and trade in gold, store crypto, earn interest daily on balances, and spend using the pre-paid Mastercard. The gold coin can instantly be transferred or withdrawn for fixed gold bullion, starting at 5 grams and upwards. Silver and other commodities will be added. The bullion delivery will incur a fixed fee and charge competitive transaction fees. It will integrate a user-friendly, instant online bullion exchange service. It is a global solution for investors and crypto users and can be used as a gold/silver/palladium account solution.
It will form the bullion system for the Abel Stern Investment Company, being a secure bullion wallet with crypto integration.
Usage of Funds
Apart from running costs, all investments will be used to create the Roxx blockchain, Roxx dApp, and the first Roxx bullion exchange. Within this, there are two main areas. The first is the gold bullion system and the second is the wallet dApp. We will ensure that every bullion token is backed 1 to 1 with the vaulted troy gold ounce.
From there, we will develop all industrial use cases that can benefit from digital coin exchange with ethical business in mind. We take the view that digital currency central logs can be dangerous from a predatory control point of view and this is not beneficial to all industries. We will make business better; it doesn’t necessarily need to be complicated.
We pledge fiduciary contracts per coin with ourselves, the issuer. Eventually, we will create all forms of bullion exchange with a secure, rock-solid blockchain platform – Roxx. Roxx bullion will become a thing of the future while acknowledging its rich past. Watch this space.