RxEAL is a platform for trustless and safe security deposit storage on the Ethereum blockchain. It provides decentralized dispute resolution with the main focus on real estate and automotive rental markets valued at hundreds of billions USD combined. RxEAL will also be available for other industries that demand trustless fund storage and fair dispute resolution.Real estate
|Start Date||12 Mar 2018|
|End Date||11 Apr 2018|
|Price||1 ETH = 1200 RXL|
RxEAL is a platform for trustless and safe security deposit storage on the Ethereum blockchain. It provides decentralized dispute resolution with the main focus on real estate and automotive rental markets valued at hundreds of billions USD combined. RxEAL will also be available for other industries that demand trustless fund storage and fair dispute resolution.
Within the RxEAL platform users are able to generate smart contracts based on terms both parties have agreed on. The contract will ensure that the deposit amount is stored securely on the Ethereum blockchain throughout the course of the agreement with no no possibility of unilaterally changing the contract terms or accessing the funds. In the event of a dispute regarding the final division of the deposit, our platform will provide a decentralized and independent arbitrage conducted by qualified members who earn RXL tokens for resolving the dispute.
RxEAL blockchain solutions are easy to integrate into the existing company workflow or to use by an individual. In conjunction with advantages over traditional security deposit systems, this makes RxEAL the accelerator for blockchain technology mass application.
Compliance made easy
Security deposit is held in smart contracts preventing comingling of funds and eliminating the need to open separate rental operating accounts. Deposits can be tracked independently making bookkeeping a breeze.
Interest accrual simplified
Many jurisdictions require that a landlord collect interest on behalf of the tenant. Each smart contract can accrue its own interest on behalf of the tenant as per jurisdictional requirements.
Disputes replaced with technology
6 billion EUR are annually lost due to disputes in UK alone. We replace legal fees with smart contracts and a decentralized dispute resolution. Disputes are resolved quickly by independent and qualified arbitrators within the RxEAL platform.
Smart contracts solve the issue of trust involved in handing over security deposits to the other party for storage. The smart contract will ensure that the deposit amount is stored securely on the Ethereum blockchain throughout the course of the agreement.
Deposit funds are stored inside the smart contract during the rental period or until mutually approved action is initiated with no ability for lessor to unilaterally access the deposited funds.
Security deposit as an asset
Cryptocurrency deposits could be potentially worth many times more than initially deposited, however if you prefer the stability of a fiat currency and still want to benefit from the blockchain technology, RxEAL has you covered with the smart deposits in rapidly growing ETH or stable Dai by Maker.
Business idea and technological proposal for the platform
Key personnel and partners
Project details and roadmap
Legal framework set-up for token sale and business operation
Market research and industry feedback
Partnership agreements and ongoing discussions with companies and organizations for operations, finance, marketing and product development
Investor outreach and closed funding round
Agreements with business expansion partners in Unites States and United Kingdom
Business expansion discussions with partners in Europe, Asia and other markets
Development and presentation of the operating user interface
RXL token pre-sale (December 4th 2017 to December 31st 2017)
RXL token sale (January 31st 2018 to March 2nd 2018)
Talent outreach to gather the best team for further product development
Limited access beta version and testing with limited user base
Gathering, analysing data and client feedback
Event marketing activities
Open beta/release candidate version available for all clients
Full scale marketing campaigns
Begin working with legal authorities in countries where security deposits are required to be held only by registered parties
Final release of the platform with already active client base
RXL token listing on exchanges, no longer than six months after the end of the initial token sale
Continued marketing and market expansion activities
Second token sale round of previously frozen tokens (Only in case if first token sale did not reach soft cap but min cap was reached)
|Price in ICO||1 ETH = 1200 RXL|
|Tokens for Sale||53760000|
|Distributed in ICO||56%|
|Soft cap||300 ETH|
|Hard cap||35,575 ETH|