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 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.
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