RXEAL

Maret 19, 2018

Additional Info:

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 solution for eradicating the increasing number of fraud cases in rental transactions. Generally, these cases are associated with unfair withholding of funds from the security deposit at the end of the rental agreement. These contracts will assure that the deposited amount is kept safe and secure on the Ethereum blockchain throughout the course of the agreement. This promise of safety eliminates any possibility of unilaterally change in the contract terms or access of the funds.

The RxEAL project uses Ethereum blockchain technology. The use of blockchain technology is preferred because it helps in execution in an intelligent logical way in smart contracts on the nodes within the network.

1.Proof of Concept

RxEAL has all the potential to become a one-stop-solution for security deposit transactions in ever growing rental markets. By solving the issue of trust, we are providing added value for all involved parties, therefore our service results in a valuable improvement for the world’s largest markets.

2. Project Overview and Business Model

We believe that RxEAL is the answer to the growing demands of consumers engaged in real estate, car rental and other transactions that involve security deposits. We are providing a safer, faster and cheaper solution compared to traditional alternatives.

By combining blockchain technology with everyday rental transactions we are able to build an entirely new way for users with no technical knowledge to take advantage of the benefits offered by smart contracts.

This model provides competitive pricing for clients and ensures efficient function and profitability of the company, while at the same time providing a financial initiative for arbitrators. As an example, an arbitrator working 8 hours per day and reviewing one dispute every 30 minutes can earn RXL tokens equivalent to 60 USD daily.

3. Security and Privacy

Any personal identifiable information will be stored off-chain with the calculated SHA256 hash value for the data stored inside a smart contract to ensure that the stored information is immutable and is not publicly accessible. The RxEAL platform ultimately serves as immutable deposit storage that can be accessed only based on smart contract terms both parties have agreed on. All website traffic runs entirely over HTTPS with SSL for secure data transmission.

4. Token, Technical Aspects and Token Economics

Token Sale Info:

Ticker: RXL
ICO Token Price: 1 ETH = 400-800 RXL
ICO Start: March 12th, 2018
ICO End: TBA
Token Type: ERC20
Accepts: ETH
Soft Cap: 800 ETH
Total Token Supply: 96,000,000
Tokes For Sale: 53,760,000

RXL token is a crucial element of RxEAL platform and ensures flexibility and control over the project growth. Payments for services, pay-outs to arbitrators and other interactions with platform will be exclusively conducted in RXL.

RXL is a fully ERC20 compliant token. The ERC20 standard ensures seamless 12 Figure 4.1: Projected token demand at initial price based on daily transaction count assuming 500 USD average deposit. interaction with decentralized applications and smart contracts on the Ethereum ecosystem and guarantees a fixed standard of security.

5. Token Sale and Distribution

In case of successful token sale, any outstanding tokens left will be burned decreasing the total supply and market capitalization. Upon reaching the hard cap no more contributions will be accepted. All token sale parameters will be programmed inside the smart contract that will be available for public inspection. The smart contract serves as an escrow ensuring all conditions are fulfilled. The accepted currency for the token sale is Ether (ETH).

8. Business Development Strategy

Social Media Marketing and Advertising The importance of social media presence has increased greatly; therefore, RxEAL will be actively present on Facebook, Twitter, LinkedIn, YouTube and other popular social networks.

Partnership Network In order to ensure the successful development of the RxEAL platform and to attract new users, we will create partnership agreements with companies whose business specifics require safe deposit storage and a fair dispute resolution process including, but not limited to, real estate agencies, property development companies and car rental companies. Additionally, we plan to join official communities operating in real estate, car rental and other fields whose goal is to protect the rights of their members.

Online Advertising In order to target potential clients, we will launch targeted ad campaigns using services such as Google AdSense. We plan to invest in various banner campaigns on industry related websites and news portals.

Cold Calls (B2B) Cold-calling remains one of the most effective sales tactics, therefore, we plan to enter into service agreements.

Why RxEAL?

All website traffic runs entirely over HTTPS with SSL for secure data transmission.
RxEAL is doubtlessly the savior of the real estate industry. It will give new wings to the industry by its extraordinary features. This platform will be the “real” harbinger of change.
Any personal identifiable information will be stored off-chain with the calculated SHA256 hash value for the data stored inside a smart contract to ensure that the stored information is immutable and is not publicly accessible.
There are no incentives for hackers as there is no direct benefit from gaining control of the user account.

The Team