Xcavate (XCAV)

After completing several years of researching blockchain technology, we decided that Polkadot was the ideal vehicle to provide a modular interoperable framework to address both initial issues with the real estate sector but also to allow for growth and expansion over time.

Having found a number of consultants who had significant experience in the web3 space we iterated over a number of technical aspects.

It became increasingly apparent that rather than rely on a third party developer agency, we would be better taking the matter in to our own hands and building a team from scratch.

Polkadot was an ever evolving SDK, which initially our team found quite a challenge. Due to the complex nature of real estate it was very apparent that a purely smart contract approach was not going to be the answer.

Our CoFounder and CTO Richard Houldsworth was accepted on to the first Technical Founders Track of the traditionally developer lead Polkadot Blockchain Academy, set in the iconic Berkeley, USA university campus. An intense five week residential course teased out the first iteration of the Xcavate modular pallet runtime approach.

Xcavate was accepted in to the Substrate (core Rust based programming language) builders programme so our team could complete outcome lead milestones, while being guided by key Polkadot / Parity developer support teams.

Having reached out to the Tanssi team to be one of the first to launch an appchain on the Tanssi network. This approach allowed the team to focus on the development of the Xcavate Protocol rather than dealing with the infrastructure cost and complexities associated with Chain Spec, Collator Sets & Indexing.

The Xcavate dApp won best application and runner up in the best Tanssi appchain as part of the Polkadot Winter Hackathon, Hong Kong.

Our application was approved for a Decentralized Futures Grant to build out the go to market version of the design, UI and rebuild a number of the modular runtime pallets.

We successfully completed three milestones relating to the development of the protocol custom pallets and frontend application.

After performing rigorous internal Alpha & Fuzzer testing, we employed an external code auditor (BlockDeep) to ensure utmost confidence in our protocol prior to launching on mainnet.

In order to operate the realXmarket while we apply for the full licenses, we will need to operate within FCA regulatory sandbox.

Our plan is to launch our mainnet appchain on Polkadot having secured Core Time.

We are one of the first to launch our seed investment round on the Polimec platform. This will provide sufficient funding and community building for; regulatory approval, mainnet launch and initial go to market in Region 1 (UK).

Through our existing network, we will support a number of small to medium sized real estate developers to list their first properties on the marketplace operating under the FCA sandbox.

We will perform our TGE event to mint our native XCAV token.

We will deliver a secure encrypted decentralized data storage and messaging system relating to any digital asset over time by leveraging DIDs and linked encryption keys.

As our first operational region is based in the UK we will need to operate within full FCA regulatory guidelines and permissions.

We have a number of options available for expansion in to the next Region. Considerations will be regulatory compliance, market readiness & property availability.