RXEAL
Kopisusu 4000RXEAL
The best solution to eliminate the difference in security deposit
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.
RxEAL, provides decentralized dispute resolution focused on the real estate and automotive markets. The goal is to create a platform for trustless and safe security deposit storage on the Ethereum blockchain.
In addition to real estate and automotive applications, RxEAL plans to extend its platform to any other industries that require trustless fund storage and fair dispute resolution.
Basically, RxEAL has created a system where anyone can easily store funds – like a security deposit – in an Ethereum smart contract. Two parties – like a landlord and a renter – can create that smart contract on pre-determined terms with no technical knowledge. RxEAL has a dispute resolution system for any disagreements.
What Problems Does RxEAL Seek to Solve?
The main goal of RxEAL is to create a platform for the secure storage of security deposits.
Security deposits are a measure used to cover any losses suffered by a rental property. In the real world, the security deposit process has major issues. There are issues handing over funds between parties. Your landlord might require a $1,000 security deposit, for example, but might not give the full $1,000 back because there’s a small hole in the hall.
In today’s situation, 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. Disputes may potentially end up having to be resolved in court, taking up even more time.
That’s where RxEAL wants to help: RxEAL wants to eliminate the growing number of fraud cases in rental transactions associated with unfair withholding of security deposit funds.
How To Invest In RxEAL?
To invest in this company, you will have to buy their RXL tokens, which are the currency used in the upcoming platform, during their sale. At the moment of this report, the pre-ICO was already happening and it would continue until December 31.
There is a main sale prepared for 2018. This sale will begin on January 31 and it will go until March 3. If all of the tokens are sold before the end of the sale, the ICO will be finished early. The price of the tokens will be cheaper if you buy during the pre-ICO, so try to buy them soon if you want to buy them at all.
You can only buy RXL tokens from RxEAL using Ethereum. The transaction will be made with a smart contract and the RXL tokens will automatically go to your wallet. If you only have cryptocurrencies like Bitcoin or Litecoin, you will have to exchange them before you can invest in this company.
Who’s Behind RxEAL?
RxEAL’s team includes Dmitrijs Orlovs (Co-Founder / Business Strategy & Marketing), Aleksandrs Puzdrans (CO-Founder / Technology & Operations), and Janis Dabols (Co-Founder / Legal & Finance). The executive team is all based in Latvia.
RxEAL was founded in Riga, Latvia in 2017. The company has partnered with Scandiweb, White Label, and McCann Riga to bring its platform to life.
RXEAL TOKEN
RXL token is a crucial element of RxEAL platform and ensures flexibility and control over the project growth.
Payments for services, pay-outs to arbitrators and other interactions with platform will be exclusively conducted in RXL.
RXL is a fully ERC20 compliant token.
The ERC20 standard ensures seamless interaction with decentralized applications and smart contracts on the Ethereum ecosystem and guarantees a fixed standard of security.
The underlying economic strength of the RXL token is its utility. The RXL token allows exclusive access to services provided by the RxEAL platform, thus making it a utility token, rather than a speculative instrument.
The value of the RXL token directly correlates with the success of the RxEAL platform. Given the fixed token supply, an increase in RxEAL service usage directly leads to an appreciation of the token value by virtue of it being a unit required for paying the service fee of the platform.
RXL Tokens may be used personally by the holder, transferred to a third party or traded in exchanges.
The RXL token initial conversion rate is: 1ETH = 1200 RXL. Given the token distribution model and number of tokens available on the market, the initial market capitalization will be equal to the contributed amount for the distributed tokens.
Tokens that are held in reserve or could not be sold on the public market and cannot affect the price are thus excluded from calculation. Only circulating supply is used to determine initial market capitalization rather than the total supply.
The maximum initial market capitalization after contribution rounds may likely prove conservative once a start-up becomes an established company offering an awaited solution backed by revolutionary blockchain technology given the immense market potential. Using the proposed service pricing model the following token demand forecast can be projected: Token Demand
Token info
- Token Name : RXL
- Platform : Ethereum
- Type: ERC20
- PreICO price : 1 ETH = 2400 RXL
- Price in ICO : 1 ETH = 1200 RXL
- Tokens for sale : 53,760,000 RXL
- Accepting : ETH
- Distributed in ICO : 56%
- Soft cap : 800 ETH
- Hard cap : 27,975 ETH
ROAD MAP
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
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
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)
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