 | RxEAL (RXL) |
RxEAL is a platform for security deposit storage on the Ethereum blockchain. It provides decentralized dispute resolution with the main focus on real estate and automotive rental markets.
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What is RxEAL
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.
RxEAL Roadmap
-Company launch;
-Business idea and technological proposal for the platform;
-Key personnel and partner.
-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 (January 15th 2018 to February 5th 2018).
-RXL token sale (March 12th 2018 to April 11th 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;
-RXL token listing on exchanges, no longer than 3 months after the end of the initial token sale.
-Final release of the platform with already active client base;
-Continued marketing and market expansion activities;
-Gathering data and feedback from platform users;
-API development for corporate clients.
-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.
Token Sale Dates
Presale Period
ICO
Token Allocation
Funding Details
Token distribution
6% - Pre-ICO
50% - ICO
30% - Company Reserve
10% - Team
1% - Early Investors
3% - Bounty
Funds allocation
40% - Marketing
30% - Administrative and operational costs
20% - Product development
10% - Legal
Token Price and Payment Options
Project team
Advisors
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