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:
Transformational: Addresses significant societal challenges
Real Economic Need: Targets tangible economic sectors
Sustainable: Self-funding and independently evolving
Eco-Friendly: Utilizes energy-efficient consensus mechanisms
Democratic: Employs inclusive governance models
Secure: Ensures transactional and systemic security
Just: Operates transparently within legal frameworks
ROCKRCOIN embodies these rainbow characteristics:
Transformational: Revolutionizes education, retail, and live experiences
Real Economic Need: Targets the global live experience industry
Sustainable: Self-funds through successful ROCKRs and development projects
Eco-Friendly: Uses hybrid Proof of Authority/Proof of Stake consensus
Democratic:Governed by a diverse Electoral College
Secure: Employs smart contracts and transparent live experiences
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Outdated educational models failing to reach full potential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
ROCKRCOIN Blockchain
The ROCKR Exchange
ROCKR Apps Ecosystem
Smart Contract Layer
Governance and Authentication Protocols
5.2 Complete ROCKR Apps Ecosystem
The ROCKR Exchange App: Central hub for managing reverse auctions
The ROCKR App: Social network integration for ROCKR summaries
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
The ROCKR Production Management Apps:
The ROCKR Producer’s App
The ROCKR Director’s App
The ROCKR Stage Crew App
The ROCKR Venue and Hosting App
The ROCKR Spectator App
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
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
The ROCKR Blockchain Integration Apps:
The ROCKR Smart Legal Contracts App
The ROCKR Live Performance Delivery and Attendance Validation App
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
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)