RxEAL Project – ICO, Team And Roadmap Explained

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RxEAL Project – ICO, Team And Roadmap Explained

RxEAL is a platform which provides you the ability to store deposits on the platform. It is based on Ethereum blockchain. This ensures that it is completely transparent and also it can help you in your storage as well. Since it is entirely decentralized, it would become easier for you to store the security deposit on the platform. It is primarily geared towards the automobile industry as well as the real estate rental industry. Since it is based on the blockchain, high level of security is provided. Also, it provides proper dispute resolution as well in case of any problem.

Problem

According to a recent survey, the people today are more interested in renting real estate, cars or other assets rather than in actually purchasing them. Real estate and car rental industry rule the market by being the largest business industries in the world. These two industries alone generate hundreds of billions of US Dollars on yearly basis. People are in persistent need of locating the right place to live, work and travel, thus, creating a regular demand for real estate properties and car rental services that are the most popular types of rental transactions in the world.

In today’s world, most people are involved in real estate, car, and other rental transactions. Favorable conditions for backpackers, emerging economies and the increasing flow of human resources across borders are causing a rapid growth in the number of transactions.

Normally, when the security deposit is given to the landlord, it is not 100% sure whether the landlord would be able to return it on time or whether it is securely placed with the landlord. In such a case, whenever the property is vacated, tenants often have to wait for a longer period of time to enable the landlord to arrange the security deposit. On the other hand, when it is present on the blockchain, you can be sure that the landlord would be able to easily liquidate the deposit and would be able to hand it over to the tenant.

Solution

We believe that RxEAL is a solution for eliminating a growing number of fraud cases in rental transactions associated with the 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 off chain 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.

Even though the gestation period in the real estate industry is on the higher side but when it comes to the automobile rental industry, it is significantly lower. It can be as low as just 48 hours or one week or even one month. Therefore, with the help of this platform, the automobile rental companies would be able to keep the deposit in an entirely secure manner. This would ensure that whenever they want to liquidate it and provide the deposit to the customer, they can easily do so.

With the help of smart contracts, the terms and conditions between both the parties would be agreed on. This significantly reduces the probability of any kind of dispute. Also, this does not allow a single party to change the contract without the express consent of the other party. Thus, it becomes easier for you to keep the deposit securely.

Milestones

  • Quarter 2, 2017
    The company launch Business idea and technological proposal for the platform Key personnel and partners
  • Quarter 3, 2017
    Project details and roadmap Legal framework set-up for token sale and business operation Market research and industry feedback Partnership agreements and ongoing discussions with companies and organizations for operations, finance, marketing and product development Investor outreach and closed a funding round
  • Quarter 4, 2017
    Agreements with business expansion partners in United States and United Kingdom Business expansion discussions with partners in Europe, Asia, and other markets Development and presentation of the operating user interface RXL token pre-sale (December 4th, 2017 to December 31st, 2017)
  • Quarter 1, 2018
    RXL token sale (January 31st 2018 to March 2nd 2018) Talent outreach to gather the best team for further product development Limited access beta version and testing with limited user base Gathering, analyzing data and client feedback Event marketing activities
  • Quarter 2, 2018
    Open beta/release candidate version available for all clients Full-scale marketing campaigns Begin working with legal authorities in countries where security deposits are required to be held only by registered parties
  • Quarter 3, 2018
    Final release of the platform with already active client base RXL token listing on exchanges, no longer than six months after the end of the initial token sale Continued marketing and market expansion activities Second token sale round of previously frozen tokens (Only in case if first token sale did not reach soft cap but min cap was reached)

The Project Team

Below you can read general information about the members of the RxEAL team, partners, and project advisers

  • Dmitry Orlov
    Co-founder / Strategy Business and Marketing Company
    Dmitrijs has gained extensive experience in taxation and finance when working in EY with companies such as L’Oréal, IBM, General Electric, Accenture, and others. In addition, Dmitrijs excelled in various projects in the field of information technology, engineering, and marketing. Dmitrijs also gained valuable sales and marketing experience, working as a sales manager on startup equipment and managing
    related marketing projects in the largest retail network in the Baltic countries – Maxima,
  • Alexander Puzdrans
    Co-Founder / Technology and Operations
    Alexander has created an agency specializing in developing solutions based on WordPress, in which more than 20,000 customers from all over the world choose their products. Alexander studied international economics and commercial diplomacy and was always enthusiastic about new technologies, and while working on the FinTech real estate project in 2016 he became the enthusiasm that blockchain could provide to improve the industry, and eventually, it turned into the creation of RxEAL
  • Janis Dabols
    Co-Founder / Law & Finance
    Janis is a graduate of the University of Latvia, where she receives LL.B. Law and a bachelor’s degree in finance, except to graduate from the Riga Higher Law School with LL.M. Law and Finance. He worked as a financial market and global economic analyst, structured private equity fund and alternative investment funds, complex transactions with commercial real estate and provided financial, legal and tax consulting for various companies and individuals with high level of equity capital
  • Boris Kosiorov
    Boris is an expert and technical software engineer with a vital experience in the development of scalable projects and implementation of software solutions for start-ups, internal systems and CRM. He was the leader of the IT department at Rention, a company that develops a full segment of real estate management and leasing. Boris acts as a technology consultant and coordinator in various start-ups. In addition, Boris is a member of the board in a digital institution, and he focuses on the development and implementation of modern software solutions for various clients
  • Janis Egle
    Design, UX and UI
    Janis is a talented web designer and studied design at the Baltic International Academy. He was a co-founder of a web design agency specializing in developing products based on WordPress in 2011. Янис participated in various individual, corporate and government projects and works as a packaging and graphics designer on the leading brand update of DPJN Inc.
  • Ainis Dabols Ainis
    Tax and legal
    Cnsultants have worked on taxes and legal issues for over twenty years and have established themselves as an outstanding expert in the relevant field. He is currently a member of the Latvian Council of the Tax Advisory Association, where he represents the professional interests of tax advisers in discussions with representatives of the Ministry of Finance and officials of the tax administration.
    As a financial and legal consultant, Ainis participated in various investment and management projects, advised on tax planning, tax law, tax risk assessment and represented clients in financial and judicial bodies.
  • Liene Abola
    Liene is a very experienced expert in various fields of law. For several years he worked with construction and legal issues in real estate and proved his knowledge of practical abilities, working as a lawyer in the international construction group of companies in Europe. Earlier, Liene was professional, working as an assistant judge in the district court, and then in the Supreme Court. As a lawyer, Liene participated in various construction projects, providing legal advice and assessment on insurance, labor, construction, taxes and special laws. Liene also successfully participated in international legal disputes, not only as a participant, but also as an arbiter.
  • Andrew Johansson
    Economic development and real estate consultant in the USA
    A specialist in economic development with the latest knowledge in the following areas: analysis of economic consequences, development of corporate social responsibility (CSR), strategic consulting for Fortune 1000 companies, economic modeling, visualization and analysis of data and finance of the city. Before creating his own direct appointment system for the owner of a consultant for economic development, Andrei worked as a consultant for companies and thinkers in
  • Mindaugas Peciokas
    Financial and consulting technology
    Mindaugas is also an IT enthusiast. Previously, he worked as a programmer with many start-ups, such as penny auctions, CRM and non-market systems

To know the latest information about RxEAL project you can visit the link below:

Website : https://rxeal.com/
Whitepaper : https://storage.rxeal.com/public/RxEAL_White_Paper.pdf
LinkedIn : https://www.linkedin.com/company/27130814/
Facebook : https://www.facebook.com/RxEAL
Twitter : https://twitter.com/rxealofficial
Telegram : http://t.me/rxealofficial
Medium : https://medium.com/rxeal
BitcoinTalk : https://bitcointalk.org/index.php?topic=2518611

Creator : ubay

BTT Profile : https://bitcointalk.org/index.php?action=profile;u=376156

ETH : 0xf684c669653b6cd2b606ecdfc69b69dff7935b2c

Post Author: ubay

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