RxEAL ICO

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ICO details

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.

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 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.

Pre Sale

Starts Unknown

Ends Unknown

Token Sale

Starts 2018-04-12

Ends 2018-05-11

Introduction video

Team

Dmitrijs orlovs
Dmitrijs Orlovs
Co-founder/ Business strategy & Marketing
Aleksandrs puzdrans
Aleksandrs Puzdrans
Co-founder/ Technology & operations
Janis dabols
Janis Dabols
Co-founder/ Legal & Finance
Boris koziorov
Boris Koziorov
Development Lead
Janis egle
Janis Egle
Design, UX & UI
Liene abola
Liene Abola
Real Estate & Legal
Mindaugas peciokas
Mindaugas Peciokas
Finance & Technology

Bounties

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