ROCKRCOIN Whitepaper

Summary Version 2.0
2000 words

A Rainbow Blockchain

Revolutionizing the Live Experience industry

Summary Version 2.0 – 5th October 2024

1. Executive Summary

ROCKRCOIN is a pioneering rainbow blockchain-based ecosystem designed to transform the global live experience industry. By leveraging smart contracts, reverse auctions, and a unique currency model, ROCKRCOIN aims to democratize access to live events, revitalize local economies, and create new opportunities for creators and consumers alike.

Key features of ROCKRCOIN:

  • A hybrid reverse auction smart contract blockchain

  • A rainbow cryptocurrency with potential for legal tender status

  • Ecosystem of 30+ integrated applications (ROCKR apps)

  • Focus on curating, funding, and delivering live experiences (ROCKRs)

  • Sustainable, eco-friendly, and democratic governance model

  • Potential to transform education, retail, and entertainment sectors

2. ROCKRCOIN: The Rainbow Blockchain Currency

ROCKRCOIN is classified as a ‘Rainbow Crypto Currency’, a new category of digital currencies defined by their positive societal impact. A Rainbow Crypto Currency must possess the following characteristics:

  1. Transformational: Addresses significant societal challenges

  2. Real Economic Need: Targets tangible economic sectors

  3. Sustainable: Self-funding and independently evolving

  4. Eco-Friendly: Utilizes energy-efficient consensus mechanisms

  5. Democratic: Employs inclusive governance models

  6. Secure: Ensures transactional and systemic security

  7. Just: Operates transparently within legal frameworks

ROCKRCOIN embodies these rainbow characteristics:

  1. Transformational: Revolutionizes education, retail, and live experiences

  2. Real Economic Need: Targets the global live experience industry

  3. Sustainable: Self-funds through successful ROCKRs and development projects

  4. Eco-Friendly: Uses hybrid Proof of Authority/Proof of Stake consensus

  5. Democratic:Governed by a diverse Electoral College

  6. Secure: Employs smart contracts and transparent live experiences

  7. Just: Operates within regulatory frameworks with built-in reporting capabilities

3. The Problem

The live experience industry faces significant challenges:

  • High transactional friction and risk in event production

  • Limited access to diverse, high-quality live experiences

  • Declining high street footfall and retail engagement

  • Outdated educational models failing to reach full potential

  • Lack of a unified platform for creators, venues, and audiences

4. The ROCKRCOIN Solution

ROCKRCOIN addresses these challenges through a comprehensive blockchain-based ecosystem:

4.1 The ROCKRCOIN Blockchain

  • Hybrid Proof of Authority (PoA) / Proof of Stake (PoS) consensus mechanism

  • Smart contracts to manage event creation, funding, and execution

  • ROCKRCOIN as a sector-specific digital currency

4.2 The ROCKR Exchange

A suite of 30+ integrated applications facilitating:

  • Reverse auctions for live experiences (ROCKRs)

  • Curation and production of events

  • Venue management and ticketing

  • Audience engagement and participation

4.3 Key Innovations

  • Reverse Auction Algorithm: Matches supplier bids with ticket sales, ensuring fully-funded events

  • 90/10 Capacity Rule: Reserves 10% of tickets for last-minute sales, promoting local engagement

  • Smart Legal Contracts: Pre-signed agreements ensure all parties fulfill obligations

  • Democratic Governance: Evolving control through an Electoral College system

  • Sector specific digital currency with independent monetary sovereignty thereby capable of self-funding its sector

  • AI Transaction and Auction anti-Fraud Surveillance and Intervention App

5. Technical Architecture

5.1 Core Components

  1. ROCKRCOIN Blockchain

  2. The ROCKR Exchange

  3. ROCKR Apps Ecosystem

  4. Smart Contract Layer

  5. Governance and Authentication Protocols

5.2 Complete ROCKR Apps Ecosystem

  1. The ROCKR Exchange App: Central hub for managing reverse auctions

  2. The ROCKR App: Social network integration for ROCKR summaries

  3. The ROCKR Curation Apps:

    • The ROCKR Curator App

    • The ROCKR Educator’s App

    • The ROCKR Speaker’s App

    • The ROCKR Writer’s App

    • The ROCKR Influencer’s App

    • The ROCKR Performing Artist’s App

    • The ROCKR Actor’s App

    • The ROCKR Retailer App

    • The ROCKR Sport’s curator App

    • The ROCKR Politician’s App

    • The ROCKR Scientist’s App

    • The ROCKR Wellbeing Curator App

  4. The ROCKR Production Management Apps:

    • The ROCKR Producer’s App

    • The ROCKR Director’s App

    • The ROCKR Stage Crew App

  5. The ROCKR Venue and Hosting App

  6. The ROCKR Spectator App

  7. The ROCKR Ancillary Service Apps:

    • The ROCKROCRACY App (User ID Verification)

    • The ROCKR Directory of Live Performers

    • The ROCKR Venue Directory App

    • The ROCKR Calendar Integration App

    • The ROCKR Geo-Location App

  8. The ROCKR Engagement and Marketing Apps:

    • The ROCKR AI Text, Image to 60 sec Promo Video App

    • The ROCKR Rating and Review App

    • The ROCKR Social collaboration App

    • The ROCKR A.I. Marketing and Sharing App

  9. The ROCKR Blockchain Integration Apps:

    • The ROCKR Smart Legal Contracts App

    • The ROCKR Live Performance Delivery and Attendance Validation App

  10. The ROCKR Governance and Currency Management Apps:

    • The ROCKR Proof of Participation and Proof of Stake Hybrid Authentication App

    • The ROCKR Project Management App

    • The ROCKR Stable Currency Management App

    • The ROCKR Regulatory Jurisdiction Data Transfer App

    • The ROCKRCOIN Decentralized Governance App

    • The ROCKRCOIN Electoral College App

  11. The ROCKRCOIN Incentives App and Algorithm

.6. The ROCKRCOIN Economy

6.1 Currency Model

  • Goal: Achieve and maintain 1:1 parity with IMF’s XDR

  • Issuance tied to real-world XDR transaction value

  • Stable Currency Management App for algorithmic adjustments

6.2 Incentive Structure

  • Descending multiple of real-world value (XDR) for early adopters

  • Transaction royalty for early ROCKRCOIN Software Architecture and Full Stack suppliers

  • Lifetime revenue royalty for early adopter ROCKRCOIN Ambassadors whose ‘totemic partner’ introductions join The ROCKRCOIN Electoral College as PoA/PoS authenticators and/or partners in The ROCKCOIN DEvelopment Road Map. The initial royalty will be 1 per cent annually of the new ROCKRCOIN revenues earned by their totemic partner introduction. [This is new ROCKRCOIN issuance not a deduction from said revenues]

  • Transition to stable 1:1 ratio as adoption grows

6.3 Revenue Streams

  • Ticket sales for suppliers of successful ROCKR auctions: venues, actors, teachers, stage crew etc

  • Transaction fees for PoA/PoS authenticators 

  • Contract fees for developers and strategic partners

7. Governance and Decentralization

7.1 The ROCKRCOIN Electoral College

  • Diverse representation: Spectators, venues, performers, developers, local/national governments

  • Qualifying metrics for membership in each college. See draft

  • Gradual transition to full decentralization

 

The Electoral College

Qualifying Participation Metric

Qualifying Participation Longevity Metric

Qualifying Number of Successful bids in ROCKRs with minimum bid in XDRs and audience size metric

Qualifying Number of ROCKRs attended with Minimum Audience and Minimum Bid Metric in XDRs

College Activation Minimum Membership Volume Gateway

The Spectator College

Completed ROCKRS attended

2 years

24 ROCKRs x min 10 XDR ave ticket x each with min new audience of 50

2 ROCKRs with GPS verified attendance of 2000 x 10 XDR

1000/nation

The Venue College

Completed ROCKRS hosted or by invitation from The Founder College

2 years and/or strategic decentralised partnership

24 ROCKRs x min 10 XDR ave ticket x each with min new audience of 50

n/a

50/nation

The Performer College

Completed ROCKRS performed or by invitation from The Founder College

2 years

24 successful ROCKR bids x min 50 XDR bid x aggregate audience of 240 x min 10 XDR ave ticket

n/a

100/nation

The Production Staff College

Delivered ROCKR bids or by invitation from The Founder College

2 years

24 successful ROCKR bids x min 50 XDR bid x aggregate audience of 240 x min 10 XDR ave ticket

n/a

100/nation

The Venue Staff College

Completed ROCKRS venue staff

2 years

24 successful ROCKR bids x min 50 XDR bid x aggregate audience of 240 x min 10 XDR ave ticket

n/a

500/nation

The ROCKR Developer College

Delivered ROCKR contracts or by invitation from The Founder College

2 years and/or strategic decentralised partnership

Aggregate contract value > equivalent 10000 XDR

n/a

n/a

The Authenticator College

240 ROCKR transactions authenticated or by invitation from The Founder College

2 years and/or strategic decentralised partnership

n/a

n/a

 

The Nations’ College

Completed ROCKRS hosted

Systemic to ensure that no nation’s hegemony

n/a

n/a

 

The Local Government College

Completed ROCKRS hosted or by invitation from The Founder College

2 years and/or strategic decentralised partnership

240

2 ROCKRs with GPS verified attendance of 2000

 

The National Government College

Completed ROCKRS hosted or by invitation from The Founder College

2 years and/or strategic decentralised partnership

24

2 ROCKRs with GPS verified attendance of 2000

 

The Founder’s College

Qualified for Life and by invitation from The Founder College

n/a

n/a

n/a

 

 

7.2 Decentralized Governance App

  • Manages non-automatic decisions

  • Ensures democratic control and prevents centralization of power

7.3 Regulatory Compliance

  • Built-in data transfer capabilities for jurisdictional reporting

  • Designed for potential integration with national financial systems

8. Development Roadmap

Phase 1: Foundation (6-12 months)

  • Identify and invite totemic global venues, institutions, product brands and local and national governments to be the bedrock on which ROCKRCOIN’s hybrid PoA/PoS consensus authentication and governance is built and developed. See ‘The ROCKRCOIN Bedrock Offer’ document (coming next)
  • Finalize technical specifications
  • Develop core blockchain architecture

  • Begin development of key ROCKR apps

Phase 2: MVP Launch (12-18 months)

  • Launch ROCKRCOIN testnet

  • Release beta versions of core ROCKR apps

  • Conduct pilot ROCKRs in select markets

Phase 3: Ecosystem Growth (18-36 months)

  • Full launch of ROCKRCOIN mainnet

  • Rollout of complete ROCKR app ecosystem

  • Expand to multiple geographic markets

Phase 4: Mass Adoption and Integration (36+ months)

  • Seek legal tender status in pioneer jurisdictions

  • Integrate with major entertainment and education sectors

  • Continuous improvement and expansion of the ecosystem

9. For Developers

ROCKRCOIN offers a unique opportunity for developers to shape the future of the live experience industry while contributing to a socially responsible and transformative blockchain ecosystem:

  • Rainbow Blockchain Innovation: Work on a currency designed for positive societal impact

  • Open Source Ecosystem: Contribute to and build upon 30+ ROCKR apps

  • Smart Contract Development: Create and optimize event-driven contracts

  • AI Integration: Develop AI-powered tools for event curation and promotion

  • Cross-Platform Compatibility: Build integrations with existing calendars, social networks, and payment systems

  • Scalability Challenges: Solve real-world problems in handling global, high-volume transaction systems

  • Governance Protocols: Contribute to decentralized decision-making systems

Developers can earn ROCKRCOIN through:

  • Contributing to core protocol development

  • Creating new ROCKR apps or improving existing ones

  • Participating in the governance process

  • Authenticating transactions in the PoA/PoS system

Join the ROCKRCOIN developer community to access:

  • Comprehensive documentation and APIs

  • Developer forums and support channels

  • Hackathons and bounty programs

  • Early access to new features and protocols

10. Conclusion

ROCKRCOIN represents a paradigm shift in how live experiences are created, funded, and enjoyed. As a rainbow blockchain currency, it addresses real-world problems in the entertainment, education, and retail sectors while maintaining a focus on positive societal impact. ROCKRCOIN has the potential to become a transformative force in the global economy, offering a purpose beyond mere speculation or value storage.

We invite developers, creators, venues, and spectators to join us in building this revolutionary ecosystem. Together, we can democratize access to enriching experiences, create new economic opportunities around the world, and demonstrate the power of blockchain technology to drive positive change.

For more information and to get involved:

Join the ROCKRCOIN development community on WhatsApp

  • Website: www.ROCKRCOIN.org

  • Developer Portal: dev.ROCKRCOIN.org (Coming Soon)

  • Community Forums: community.ROCKRCOIN.org (Coming Soon)

  • GitHub: github.com/ROCKRCOIN (Coming Soon)