RxEAL

rxeal


Specifications

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2018-03-12
2018-04-11
  • Short description

    RxEAL is a platform for trustless and safe security deposit storage on the Ethereum blockchain

  • Full description

    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.

    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.

  • Url

    https://rxeal.com/

  • WhitePaper url

    https://storage.rxeal.com/public/RxEAL_White_Paper.pdf

  • Platform

    Ethereum

  • Reality (Real World)

    Real estate

  • Prototype

    No

  • Escrow

    No

  • ICO type

    ICO

  • BitcoinTalk

    https://bitcointalk.org/index.php?topic=2518611

  • Facebook

    https://www.facebook.com/RxEAL

  • Medium

    https://medium.com/rxeal

  • Telegram

    http://t.me/rxealofficial

  • Youtube channel

    https://www.youtube.com/channel/UC2n20v_smiXjXxwBENgOaFQ

  • Youtube video

  • Team Lead full name

    Dmitrijs Orlovs

  • Team Lead url

    https://www.linkedin.com/in/dmitrijs-orlovs-90116258/

  • Team url

    https://rxeal.com/team

  • ICO Url

    https://rxeal.com/

  • Start date (UTC time)

    Monday, 12 March 2018 00:00

  • Finish date (UTC time)

    Wednesday, 11 April 2018 00:00

  • ICO Supply

    96000000

  • Total Supply

    96000000

  • Hard cap ETH

    37975 ETH

  • Hard cap USD or EUR

    37975000

  • Asset title

    RxEAL

  • Symbol

    RXL

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