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RxEAL (RXL)

ICO

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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Overview

Project industryReal Estate
Product typePlatform
FoundedSeychelles, 2017
WhitepaperRxEAL White Paper Open

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.

Details

Pre-sales: Jan 15, 2018 - Feb 02, 2018
Public sales: Feb 19, 2018 - Mar 19, 2018
Pre-sale token supply: 5760000
Token supply: 48000000
Raised: 279,180 USD

Legal

Registration country: Seychelles
Registration year: 2017
Office address: 198434, Global Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles

Bounty

Bounty: 3%

Token info

Ticker: RXL
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 RXL = 0.7586864 USD
Token price in ETH: 1 Token = 0.000830 ETH
Accepted currencies: ETH
Bonus program:
Pre-ICO - 100%
Sale Tier 1 - 50%
Sale Tier 2 - 20%
Sale Tier 3 - 10%
Sale Tier 4 - 0%
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

RxEAL Roadmap

1
Quarter 2, 2017

-Company launch;
-Business idea and technological proposal for the platform;
-Key personnel and partner.

2
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.

3
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 (January 15th 2018 to February 5th 2018).

4
Quarter 1, 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.

5
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.

6
Quarter 3, 2018

-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.

7
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.

Project team

Dmitrijs Orlovs
Dmitrijs Orlovs
Co-founder/ Business strategy & Marketing
Dmitrijs Orlovs linkedin
Aleksandrs Puzdrans
Aleksandrs Puzdrans
Co-founder/ Technology & operations
Aleksandrs Puzdrans linkedin
Janis Dabols
Janis Dabols
Co-founder/ Legal & Finance
Janis Dabols linkedin
Boris Koziorov
Boris Koziorov
Development Lead
Boris Koziorov linkedin
Janis Egle
Janis Egle
Design, UX & Ui
Liene Abola
Liene Abola
Real Estate & Legal
Liene Abola linkedin
Mindaugas Peciokas
Mindaugas Peciokas
Finance & Technology
Mindaugas Peciokas linkedin

Advisors

Ainis Dabols
Ainis Dabols
Tax & Legal Advisor
Ainis Dabols linkedin
Gunita Kulikovska
Gunita Kulikovska
Business Development Advisor
Gunita Kulikovska linkedin
Andrew Johansson
Andrew Johansson
Economic Development & Real Estate Advisor In US
Andrew Johansson linkedin
Kristaps Silins
Kristaps Silins
Strategy Advisor
Kristaps Silins linkedin
Mushegh Tovmasyan
Mushegh Tovmasyan
Co-Founder & Executive Board Member - Equiti Group
Mushegh Tovmasyan linkedin
Luca Dotti
Luca Dotti
Managing Partner at NOON Capital │ Real Estate │ Blockchain │ INSEAD
Luca Dotti linkedin
Eli Bernstein
Eli Bernstein
Innovation Strategist & ICO Advisor
Eli Bernstein linkedin
Ian Scarffe
Ian Scarffe
Advisor
Ian Scarffe linkedin
Jason Hung
Jason Hung
CAMP CTO + Investor + TimeBox Co-Founder + ICO & Asia Marketing Advisor + China Scaling + GBAP® Certification Board
Jason Hung linkedin
Nathan Christian
Nathan Christian
Blockchain Technology Consultant
Nathan Christian linkedin
Simon Cocking
Simon Cocking
Editor in Chief, Cryptocoin.News
Simon Cocking linkedin

Social media

RxEAL web-siteRxEAL MediumRxEAL TelegramRxEAL BTCTalkRxEAL TwitterRxEAL Facebook

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