RxEAL

RxEAL

Created using Figma
Created using Figma

Last Update

Mar 27, 2018

RxEAL is a platform for trustless and safe security deposit storage on real estate using block chain technology which helps in fixing market for the rental security and deposits globally. The platform provides a decentralized dispute resolution with the main focus on real estate and automatize real markets valued at higher mounts easily as it require only requires the users to have the Ethereum wallet with no technical knowledge.
ICO
Mar 12, 2018
May 15, 2018
100% completed
$265 350
4.6 K
100% goal completed
past
  • 1800 RXL
    =
    1 ETH
PreICO
Jan 15, 2018
Feb 5, 2018
100% completed
Raised funds - no Data
4.6 K
past
Token Details
Ticker
RXL
Accepted Currencies
ETH
Company Details
Registered Country
Seychelles
Additional Details
Platform
Ethereum

About RxEAL

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.

A security deposit is a measure used to cover any losses suffered by the rental property. However, handing over the funds to the other party for storage is an issue of trust. The paying party cannot be certain that the deposit has been stored safely and that the other party will return the deposit. Furthermore, at the end of the agreement, it can take weeks for a lessee to receive their deposit back, and disputes may potentially end up having to be resolved in court, taking up even longer periods of time.

We believe that RxEAL is a solution for eliminating a growing number of fraud cases in rental transactions associated with unfair withholding of funds from the security deposit at the end of the rental agreement by providing an interface to engage in these activities using smart contracts requiring no technical knowledge. Not only does RxEAL solve the aforementioned problem, it also provides much faster deposit return rates and cost effectiveness compared to current offchain solutions.

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.

Features

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.

Three verified, independent and randomly assigned arbitrators will review each case and the result will be determined by the decision of the majority based on the evidence each party has provided. 

To become a verified arbitrator the user will have to pass an online test to prove they are qualified to participate in the dispute resolution.

Proposed rates are as follows: 2.3% for 0-1500 USD equivalent deposits (minimum 4USD); 34.5 USD + 0.3% for 1500.01+ USD equivalent deposits; fixed arbitrator commission of 9 USD equivalent in case of the dispute.

Unified standard for security deposits when renting property, cars and other assets.

Technical Info

SHA256

RxEAL Roadmap

  • Quarter 2, 2017

  • Company launch
    Business idea and technological proposal for the platform
    Key personnel and partners
  • Quarter 3, 2017

  • 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
  • Quarter 4, 2017

  • 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)
  • Quarter 1, 2018

  • 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
  • Read More
  • Quarter 2, 2018

  • 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
  • Late Quarter 2, 2018

  • -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;
    -RXL token listing on exchanges, no longer than 3 months after the end of the initial token sale.
  • Quarter 3, 2018

  • 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)
  • Year 2019

  • -Begin offering deposit investment schemes as an additional service and to meet interest accrual requirements;
    -Assisted API integration within existing platforms for rental companies;
    -Adjusted services for long term rentals, holiday rentals, car rental and other asset rental deposits;
    -Division between end user platform (available for users worldwide) and corporate platform with API integrations and local market adaptation;

Activity

Activity:
90
LOW
Posts:
142
LOW
Views:
3 299
LOW
Activity:
195
MEDIUM
Merit:
100
MEDIUM
Posts:
2 539
VERY HIGH
Views:
18 009
VERY HIGH
Users:
372
HIGH
Posts:
135
MEDIUM
Followers:
4 395
MEDIUM
Likes:
4 342
MEDIUM
Rating:
4.90
VERY HIGH
Reviews:
15
LOW
Followers:
1 115
LOW
Tweets:
95
LOW
30 Days Growth:
-92
Members:
18 026
VERY HIGH
Investors Detected:
1.14%
30 Days Growth:
-1990
Alexa
Rank:
11 912 354
VERY LOW
Delta:
8 179 724

Participation in events

Team

Verified 25%

Attention. There is a risk that unverified members are not actually members of the team

Co-Founder & Executive Board Member - Equiti Group
unverified
Co-founder/ Business strategy & Marketing
verified
Co-founder/ Technology & operations
verified
Co-founder/ Legal & Finance
unverified
Design, UX & UI
unverified
Real Estate & Legal
unverified
Finance & Technology
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

7 ICOs

$33 271 215

Founder of GlobalDCX | Advisor
unverified
Tax & Legal Advisor
unverified
Business Development Advisor
unverified
Economic Development & Real Estate Advisor In US
unverified

RxEAL Interviews

Dmitrijs Orlovs
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
RxEAL solves trust issue and replaces costs with value.
Aleksandrs Puzdrans
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
We truly believe our project will create added value for global rental markets.

Last News

3.83
stable
5.0 14
ICO Profile Vision Activity Potential Product Team

RxEAL Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

RxEAL is a platform for trustless and safe security deposit storage on real estate using block chain technology which helps in fixing market for the rental security and deposits globally. The platform  provides a decentralized dispute resolution  with the main focus on real estate and automatize real markets valued at higher mounts easily as it require only requires the users to have the Ethereum wallet  with no technical knowledge.

POSITIVE VALUES

Ease transactions:  The platform provided by the block chain technology eliminates the growing number of fraud cases in handling rental transactions associated with unfair withholding of the funds for the security deposit at end of the rental agreement by providing an interface through the smart contracts offered by the technology. It promotes easy and faster deposit returns and cost effectiveness as compared to the traditional rental solutions.

Security: The  smart contracts once agreed upon and signed ensures that the  rental deposits on real estate are securely  stored on the Ethereum block chain  throughout the course of the agreement with no possibility of changing the terms  of agreement in order to access the funds.

 On the other hand in case a disputes arises, it is handled by qualified personnel who have adequate experience on the use of the platform ensuring that the deposit is shared accordingly preventing any further losses.

 NEGATIVE VALUES

Token functionality:  The RxEAL only provides the contributors right to use the real token platform and not any further investments. The owners have no rights for any   future advancement for as it doesn’t provide them with the ability to invest their income in owning a property making the project biased

Risks: The contributors adequately understand that the project can fail or be dissolved  at a certain point once there is less demand  by the public and  cannot  be beneficial at all times however much they  put all their best efforts in the project.

RECOMMENDATIONS

RxEAL is the perfect solution to the increased demands of the growing consumers on real estate, car rentals and other transactions that require security deposits. The project ensures that the contributor’s funds are secure and easily accessible once the agreement contract expire. This adds values to all the parties involved hence resulting to improvement of the Worlds markets making the project viable.

Read More
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