RxEAL

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RxEAL (PreICO) ICO details

Start Date: 2018-1-15

End date: 2018-2-5

    • Category: Real estate
    • Token: RXL
    • Platform: Ethereum
    • Type: ERC20
    • Initial price: 1 ETH = 1200 RXL
    • Accepting: ETH
    • Soft cap: 800 ETH
    • Hard cap: 27,975 ETH

RxEAL: The Latest Way to Profit from Real Estate

RxEAL is a platform for a secure deposit storage on Ethereum blockchain, providing a decentralised dispute resolution, with main focus on real estate and automotive rental markets valued at hundreds of billions EUR combined.

“We do not have the most unimaginable project on the market, but we do care the most about solving the real industry problems for real people. RxEAL is replacing costs with value,”

says Dmitrijs Orlovs, co-founder and the head of business strategy of RxEAL.

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.

RxEAL Token

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
rxeal token

Team

Dmitrijs Orlovs

Co-founder/ Business strategy & Marketing

Aleksandrs Puzdrans

Co-founder/ Technology & operations

Janis Dabols

Co-founder/ Legal & Finance

Boris Koziorov

Development Lead

Janis Egle

Design, UX & UI

Liene Abola

Real Estate & Legal

Mindaugas Peciokas

Finance & Technology

RxEAL (PreICO) Advisors

Ainis Dabols

Tax & Legal Advisor

Gunita Kulikovska

Business Development Advisor

Andrew Johansson

Economic Development & Real Estate Advisor In US

Kristaps Silins

Strategy Advisor

Milestones

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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