Overview

  • Country Seychelles
  • CategoryReal Estate/ Rental Security Deposit Protection

Securing leasing and rental deposits. A smart contract based platform for increasing transparency for lessors and lessees everywhere

Project stage

Prototype

Detailed description

RxEAL is a long awaited solution for rental security deposit protection. It is a platform for trustless deposit storage and dispute resolution, focusing on real estate and automotive industries. RxEAL does not take away business from existing service providers, on the contrary - the RxEAL solution creates added value, replaces costs and saves time for the world’s largest rental markets.

Problem

  • Along with the rise of sharing economy and other socio-economic developments, people rent more flats and cars every year.
  • The more people rent, the more they have arguments about
  • security deposits.
  • 50% of all security deposits globally are subject to disputes that destroy value for everyone — both lessors and their lessees.
  • Billions of EUR are annually lost due to disputes globally.

Solution

The RxEAL solution benefits both sides of rental transactions.

Lessor:

  • Added value to the rental product, creating a competitive advantage in the market.
  • Increased customer base by attracting the rapidly growing cryptocurrency community.
  • Improved reputation and the level of trust by becoming completely transparent with clients.
  • Introducing a new blockchain solution is great for marketing communication.

Lessee:

  • Security deposit does not need to be handed over to an unknown lessor.
  • Equal control over the deposit together with the lessor.
  • Any changes or withdrawals from the deposit must be mutually approved.
  • Almost immediate deposit return.
  • Significantly reduced dispute rates. Dispute resolution cost is less than 10 USD.

Features

It is smart
Within the RxEAL platform users are able to generate smart contracts based on terms both parties have agreed on.

It is secure
The contract will ensure that the deposit amount is stored securely on the Ethereum blockchain throughout the course of the agreement.

It is independent
RxEAL will provide a decentralised and independent arbitrage conducted by qualified members who earn RxEAL tokens (RXL) for resolving disputes.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : RXL
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 35,575 ETH
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :300 ETH
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :96,000,000 RXL
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :53,760,000 RXL
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, Crimea, Cuba, Iran, Iraq, Latvia, North Korea, Seychelles, South Sudan, Syria, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      12 Mar 00:00 UTC
      11 May 00:00 UTC
      0.00083 ETH 50% - 300 ETH 35,575 ETH
      Pre-sale — Ended
      04 Dec 00:00 UTC
      31 Dec 00:00 UTC
      NA 100% - Uncapped Uncapped
      Private sale — Ended
      Start Soon
      NA No - Uncapped Uncapped
      Public sale

      Main sale bonuses:

      • Tier 1 - 50%
      • Tier 2 - 20%
      • Thier 3 - 10%
      • Tier 4 - 0%
      Pre-sale

      Presale bonus - 100%

      Read more about vesting and bonus
      • Team

        • Dmitrijs Orlovs photo
          Dmitrijs Orlovs
          Co-Founder/ Business Strategy & Marketing
        • Aleksandrs Puzdrans photo
          Aleksandrs Puzdrans
          Co-Founder/ Technology & Operations
        • Janis Dabols photo
          Janis Dabols
          Co-Founder/ Legal & Finance
        • Boris Koziorov photo
          Boris Koziorov
          Development Lead
        • Eglė Gružauskienė photo
          Eglė Gružauskienė
          Design, UX / UI
        • Liene Abola photo
          Liene Abola
          Real Estate & Legal
        • Mindaugas Peciokas photo
          Mindaugas Peciokas
          Finance & Technology
      • Advisors

        • Simon Cocking
          Business Mentor and Advisor
        • Ian Scarffe
          Serial Entrepreneur, Investor and Consultant
        • Nathan Christian
          Serial Entrepreneur
        • Jason Hung
          Co-Founder of Treascovery, Chidopi and Timebox
        • Mushegh Tovmasyan
          Co-Founder at Equiti Group
        • Eli Bernstein
          Founder Of Cryptiq
        • Andrew Johansson
          Economic Development & Real Estate Advisor in US
        • Luca Dotti
          Co-Founder of Noon Capital
        • Janis Murmanis
          Founder of Timbero Latvia
        • Ainis Dabols
          Tax & Legal Advisor
        • Gunita Kulikovska
          Business Development Advisor
        • Kristaps Silins
          Strategy Advisor

      Roadmap

      • Q3 2017

        Market testing & concept proof

      • Q4 2017

        Successful seed round

      • 4 Dec 2017

        Launch of RXL token pre-sale

      • 31 Jan 2018

        Launch of RXL token sale

      • Q3 2018

        First clients onboarded

      • Q3 2018

        Expansion in the UK & US

      Activity