Rexx Currency, or Sharing Economy in Action
We live in a digitized world. Everything we have in reality, turns to online: anything from money to music files, and this process is unstoppable. At the moment we digitize something, we begin to share it on the Internet. Sharing became the part of our nature, everything gets shared: files, games, knowledge. We can share, exchange and sell anything. The new technologies allow to create trust between the strangers and make the unknown impressions available for everyone.
Our surrounding consists of people and items. People are connected by the power of Facebook, but for some reasons, people living nearby stay strange to each other. But which power could connect the items and encourage people to meet and communicate? There is a solution: Rexpax — World’s first Home Online. Items unite people.
Let us imagine that we managed to digitize and connect our items that are hidden behind the walls. We’ll be able to see 100 bicycles, 100 vacuum cleaners, 100 Xboxes, 100 DVDs and books. It’s a real access to a vast amount of properties without the burden of ownership.
But how do we lower the uncertainty level between the people for getting the opportunity to share our properties with them? Where do we find that detail that helps rotate the gear wheel of economy?
That detail is money. Money is a means of exchanging goods and services between the people. Money is a crossfunctional product and its value is absent beneath human’s mind, we all just agreed on its price as a fact. Money is a universal fantasy and its power is unbelievable.
Implementing blockchain, we managed to create a new reality for people. And now they don’t have to implicitly trust each other, and it gives us power to exchange all kinds of material values inside the community. Within blockchain, cryptocurrency gained a new status and a brand new quality. Cryptocurrency is for now a more perfect crossfunctional product, and the story goes like it’s gonna change the traditional economy.
REXX Token
Owing to our cryptocurrency — REXX tokens — we encourage people to make good things: share their properties and use their social connections for the sake of others. Our purpose is to bring blockchain to each home with items and Internet access. The main thing is, that earning REXX is available for everyone, just share your items! It will be some kind of ‘mining’. We reserved 30% of REXX-currency as a reward for users who perform useful tasks within the platform.
REXX currency is designed to unite people and encourage them to help each other in the new economy of mutual consumption of items and services, as well as to stimulate them for active platform usage. The vitality of REXX token is provided by its value. The REXX token is tied to the real flow (sale, purchase, sharing) of items and services inside the Rexpax system.
The more Users join Rexpax, the more intensively ecosystem’s effect will increase as the users add items and services to their Home Online. The more users there are in the system, the more investment attractive Rexpax is.
REXX will be attractive because it needn’t to be bought: Users can earn
REXXes just by performing some useful tasks within the platform:
-Reward for Inviting and Signing-Up New Users
-Reward for Sharing Items
-Reward for Adding Services to Home Online
-Reward within Loyalty Program Reward for Adding Items to Home Online
REXX in-platform functioality:
-Pay for rent with Rex;
-Pay for other users’ services;
-Pay for buying goods;
-Promotion within the platform.
How it Works in Practice
Imagine you started a repair in your apartment and you need some instruments: a hammer and a drill for a single use. You might lend it from your neighbor. If he asks for your Xbox for a weekend in exchange, refusing means regarding him as a cheater. In case of admitting, you both win: you make use of the instruments, he has fun playing Xbox, you both get some extra income for sharing your items with each other. You didn’t spend hundreds of dollars on rarely needed items.
Earning REXXes and solid reputation by exchanging and sharing items with our neighbors, is in fact earning for just making good things. Give away a book — get a reward, lend a TV and also profit. REXXes can be used in any place in the world where there are items and Internet access, pay with REXX for any items and services within the platform. The previously reputation can work for you anywhere: you don’t need to look for currency exchange in a new city to pay for plumber services if the tap is dripping in a flat you rented on Airbnb. You can pay a plumber with REXXes.
People make good things for others sake inside the Rexpax Platform. Your life is no more limited by your apartment or a suitcase with a definite number of items. We are creating a new marketplace for items and services which is available for everyone. You don’t need to buy that hammer to use it once, your neighbor needn’t buy an Xbox to play it once in a blue moon. You can earn tokens for sharing something you already have, without any institution services.
Chances are high that we are standing on the threshold of trust and mutual consumption revolution which is of similar importance to the Industrial Revolution of XIX century.
Earn locally — spend globally.
Rexpax. World without locks.
