RxEAL - solution for rental markets

Introduction
Life, they say, is a renting space. We are renters on this planet. I can't claim that a truer explanation of life on earth ever existed. We are in a sense living on earth as renters. A fixed amount of life and a fixed amount of time and everyone vacates his place for the next one. Aren't our rental businesses similar to our life? Renting our space to others or renting our cars in lieu of earning a living is a serious business. Companies stand on that principle.
We cannot deny that. But, like every deal, there exists a dispute and this business is no exception. We can no longer decide between right and wrong. There is close to 6,000,000,000 euros lost in dispute resolution. And, that's too bad for any industry out there, which is trying to stand firm on its ground. We cannot help but notice that is there a solution to it. The solution of the security deposit is collapsing given a large number of cases, where the renter is not paid his security deposit. A final end, which lets us resolve this issue without financial burden. Can't we think of something, which provides reliability in the deal?
SOLUTION OFFERED
RxEAL is here with a better deal which provides the best solution for the real estate and car rental businesses. An approach based on the blockchain technology which allows easy transaction of assets between engaging parties. Ethereum based smart contracts are utilised to create trust and security on the platform.

The smart contract is signed between the engaging parties before the deal is signed and that is stored in the ethereum blockchain. If in any case, the dispute arises between the engaging parties, an independent panel of arbitrage, who are expert and qualified people, exist on the platform. They will be awarded Rxeal tokens for their service.

RxEAL model depicts that owner will pay RXL and will create smart contract for deployment afterward, customer will send it deposit directly to smart contract and at the end of contract smart contract will release deposit according to fair polices of paid agreement after deducing contract fees. If somehow, dispute has raised smart contract will sort it out by every possible way within seconds.  It is the most straightforward and easy model to resolve the disputes in the rental industry at lower cost and in a more secure way. The fee is very small which will be applicable to avail this service for instance if agreement value is equal to 1500 USD only 3.4% fee will be charged. Fees are subjected to be changed for higher amounts. Ethereum block-chain is most advanced and up-to-date technology, all deposits will remain save in smart contract nodes even RxEAL has no possession of it. Firstly, ETH will be bought to use smart contracts and ETH will be convert into Dao stablecoin, it will never devalue either ETH price increase or decreases. Clients and owners will HTTP’s to secure their data of information and transections after that data will be sent to API application endpoint which will be attached to Ethereum block-chain. For further insight about the project please visit whitepaper.
  Token name is: Rxeal, token ticker is: RXL, Token standard is: ERC20 and almost 96000000 tokens will be released. For ease purpose initially 1ETH= 1200 RXL. During the ICO event almost 56% of token will be provided, during the event main purpose is to rise 800 ETH to sustain RXL growth and company otherwise it will be dissolved under unforeseen circumstance.    

How does it work?

1 The owner establishes a smart contract and pays RXL tokens for the implementation.
2 The customer is notified of the intelligent contract generation.
3 The customer transfers funds through a smart contract.
4 If there is a dispute, the mediators will be provided with information supporting the parties' requests and the proposed division of funds for their decision. The person initiating the dispute pays Tokens RXL for the arbitrators
5 If there is no dispute, the revenues are divided according to the following criteria the terms of the contract.
6 In the event of a dispute, appeals are allocated according to the decision of the mediators.
Tariff Model
This is a model that sets very competitive prices for its customers and ensures efficient profitability and functionality of the Company, while providing a financial tool for mediators.
As an example, a mediator who works 8 hours a day and examines a dispute every 30 minutes can earn RXL tokens worth 60 USD a day.
The proposal of the reference rate model is oriented towards the lessor when he uses the RXL to pay for the service. We believe that our service provides an advantage to landlords because it allows us to offer the same product to tenants who are looking for faster transactions and greater protection against the unfair retention of security deposits, so tenants are likely to opt more for the landlord's rent, while tenants would like to pay a small surcharge for that service.
We also consider offering a custody regime in which we would maintain the deposit and obtain interest accordingly, making this service completely free of charge. Such pricing models could be implemented when Ethereum makes transitions to the Test of Participation consensus agreement.
Another pricing model to be offered is based on the pricing of the ether in proportion to the price fixed at the beginning of the contract. If Ether increases the value again during the settlement, the profits can be divided between the two parties.
Price schemes are subject to change if another of the most convenient and profitable models is found for our customers.

Route Map

Q3 2017

Market testing and concept testing

Q4 2017

Successful sowing rounds

January 15 2018

Launching the pre-sale of RXL token

March 12 2018

Introduction of the sale of RXL cards

Q2 2018

First customers on board

Q3 2018

Expansion in the UK and USA

Token Information

Token name: RXL
Platform: Ethereum
Type: ERC20
Price from Preico: 1 ETH = 2400 RXL
Price in ICO: 1 ETH = 1200 RXL
Tokens for sale: 53.760.000 RXL
Acceptance: ETH
Distributed in the ICO: 56%.
Minimum stop: 800 ETH
Stop Max 27,975 ETH

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

WebSite https://rxeal.com/
PaperWhite 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 Arsenyo