SOBRE RXEAL
What is RXEAL?
RxEAL is the platform for the registration of reliable and secure security deposits in the Ethereum blockchain. It provides a decentralized dispute resolution response focusing primarily on the real estate and car rental markets, whose total value is estimated at hundreds of billions of US dollars. RxEAL will also be available for other industries that require unreliable fund storage and fair dispute resolution.
How does it work?
A security deposit is an action to cover losses incurred by the rented property. However, the transfer of funds to the other party for storage is a matter of trust. The payer cannot be sure that your deposit has been safely stored and the other payer will return the deposit to you.
Also, at the end of the agreement, a tenant may take several weeks to get his or her deposit refunded, and disputes may eventually have to be resolved in court, which may involve even longer terms.
RxEAL is the solution for eliminating more and more cases of fraud in rental transactions related to the unfair practice of withholding funds from the security deposit at the end of the rental contract, by means of an interface to develop these activities through intelligent contracts that do not require technical expertise. RxEAL not only solves the above-mentioned problem, but also provides much faster deposit return rates and a better cost-benefit ratio compared to current offchain solutions.
Project overview and business model
Thanks to the merging of blockchain technology with everyday rental activities, it is possible to create a completely new way for users without technical knowledge to benefit from the possibilities offered by smart contracts.
RxEAL is the solution to growing consumer demand for real estate, car rental and other transactions involving security deposits. We provide a safer, faster and cheaper alternative than traditional alternatives.
RxEAL provides a solution to securely store security deposits of various rental products in the form of crypto currency by means of intelligent contracts in the Ethereum blockchain, as well as a fair dispute resolution process.
Security and Privacy
Security is one of the main interests of any Internet project that includes personal or financial information. In addition to being built on the Ethereum network and using the standard ERC20 token, the RxEAL platform has strict security standards for total user confidence.
The main safety benefit derives from the operating principle of the RxEAL platform. RxEAL is an interface designed to generate and implement smart contracts; we don't keep deposits or have access to smart contract funds. This method denies incentives for hackers as there is no direct benefit from gaining control of the user's account.
Any personally identifiable information will be stored outside the chain with the estimated hash value of SHA256 for information stored within an intelligent contract to ensure that the information stored is immutable and not publicly accessible.
Token, technical and economic aspects of Token
The RXL token is a fundamental factor of the RxEAL platform and guarantees flexibility and control over the growth of the project. Disbursements for services, referee payments and other interactive actions with the platform will be made exclusively at RXL.
RXL is a fully ERC20 compatible token. The ERC20 standard provides a perfect interface with decentralised applications and intelligent contracts in the Ethereum ecosystem and guarantees a fixed safety standard.
The underlying economic strength of the RXL token is its utility. The RXL token provides exclusive access to the services of the RxEAL platform, making it a useful token and not a speculative instrument.
The values of the RXL token are directly associated with the success of the RxEAL platform. Taking into account the supply of fixed token, an increase in the use of the RxEAL service leads directly to a revaluation of the token value because it is a unit required for the payment of the platform's service fee.
RXL Tokens may be used personally by the holder, transferred to a third party or traded on exchanges.
The initial conversion rate of the RXL token is: 1ETH = 1200 RXL. Due to the token selling model and the number of tokens available in the market, the initial market capitalization will be equal to the amount contributed by the distributed tokens.
Only the current bid is used to determine the initial market capitalization instead of the total bid.
It is likely that the initial maximum market capitalisation after quoting rounds will be conservative once the new company becomes an established company offering the long-awaited solution backed by revolutionary block chain technology, given the market's immense potential.
Using the proposed service price model, the following symbolic demand forecast can be projected.
Token sales and distribution
Token distribution in numbers
6% + 50% of the RXL tokens will be sold in the sales rounds of tokens. The amount of remaining tokens will be calculated based on the results of selling tokens to maintain the initial proportions.
30% of RXL tokens are held as company provisions and can be used for fee payments, exchange listings, product development and public service releases.
10% of RXL tokens are reserved for equipment and frozen for a period of 6 months.
1% of the RXL tokens will be distributed among the company's first investors.
3% of RXL tokens are allocated to the Rewards program and will be distributed according to the stakes won by participants.
Distribution of the resources obtained
The distribution of these funds will depend on the results of the symbolic sales, with a greater percentage of change towards the development of products with lower amounts collected.
Project Timeline
Phase One - Q2 2017*
- Launch of the company
- Business idea and technological proposal for the platform
- Personal and collaborator key
Phase Two - Q3 2017
- Project details and work plan
- Legal framework established for the sale of cards and commercial 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 round of financing
Phase III - End of the fourth quarter of 2017
- Agreements with trade expansion partners in the United States and the United Kingdom
- Business expansion discussions with partners in Europe, Asia and other markets
- Development and presentation of the operational user interface
- Pre-sale of RXL cards (15 January 2018 to 5 February 2018)
Phase Four- Q1 2018
- RXL token sale (12 March 2018 to 11 April 2018)
- Extension of talents to bring together the best team for the development of new products.
- Limited access beta version and limited user base testing
- Collection, data analysis and customer feedback
- Event Marketing Activities
Phase Five - Q2 2018
- Open beta/release candidate version available to all customers
- Large scale marketing campaigns
- Start working with the legal authorities of countries where security deposits are required to be maintained only by registered parties.
- RXL checklists in bags, no more than 3 months after the end of the initial token sale.
Phase Six - Early Q3 2018
- Final launch of the platform with an already active customer base
- Continued commercialization and market expansion activities
RxEAL Team
Dmitrijs Orlovs - Co-founder/business strategy and business marketing strategy.
Janis Dabols - Co-founder/Legal and Financial
Aleksandrs Puzdrans - Co-founder/Technology & Operations
Boris Koziorovs - Head of Development
Ainis Dabols - Tax and legal advisor
Janis Egle - Design, UX & UI
Liene Abola - Real estate and legal advice
Mindaugas Peciokas - Financial and Technological Advisor
Andrew Johansson - Economic Development and Real Development
real estate advisor in US
Gunita Kulikovska - Business Development Advisor
Kristaps Silins - Strategy Advisor
Links of Interest
Web Site: https://rxeal.com/
Whitepaper: https://storage.rxeal.com/public/RxEAL_White_Paper. pdf
Twitter: https://twitter.com/rxealofficial
Facebook: https://www.facebook.com/RxEAL
Telegram: https://t.me/rxealofficial
ANN: https://bitcointalk.org/index.php?topic=2518611
By Bitcointalk user: Cjota
Profile: https://bitcointalk.org/index.php?action=profile;u=1640898
Myetherwallet: 0x90b07af0aAA4A705bCC441c2B1D0B581F42bcDB4
by Cjota