RxEAL: A Smarter Digital Solution!
RxEAL is a digital solution in dealing with security deposits of rental deals, its speedy return and resolution of any legal complications subsequently. It provides the Lessor and Lessee the ease of mind in carrying out rental transactions mainly in the field of Property and Automotives; however, will be available for other sectors shortly. We have chosen the Real estate and Car Rental sectors as they are amongst the leading business industries in the world worth hundreds of billions of dollars. Latest statistics show that people around the world are more interested to rent property and cars rather to buy them due various reasons (https://storage.rxeal.com/public/RxEAL_White_Paper.pdf).
RxEAL strategy revolves around two distinctive domains; earn the trust of users with safe security deposits using smart contract and its speedy return at the end of the contract; and secondly to provide fair dispute resolution mechanism to both parties for solving complex legal matters. Lessor and Lessee agrees on certain terms and conditions; and Lessor creates the smart contract and buy the RXL token for deployment. After agreement by the Lessee, Lessee sends the security deposits in the shape of crypto currency to smart contract. After completion of rental period, smart contract triggers the refund of security deposits and split it as per terms and conditions of the contract. In case of dispute, any party submits the additional supporting information with proposed splitting of funds for arbitration. In this case, initiator party pays RxEAL arbitration fee. RxEAL appoints three qualified arbitrators who decides the case based on information submitted by the parties and decision is given on merit. In case of non-cooperation of any party, the funds are split as proposed by the dispute initiator. In this way, RxEAL ensures timely and safe reurtns of the security deposits to both parties.
The tokens go by the ticker – RXL. The presale is already on. The presale begins by 15th January 2018. Only Ethereum is the accepted payment method. The presale will go on till 5th February 2018.The official ICO starts by 15th February 2018 and end on 21st March 2018. The total token supply is 96 million RXL tokens. 6% of tokens are reserved for presale. ICO gets 50% of the total token supply. 800 ETH is the soft cap for token sale. Presale bonus of 50% brings the token price down to 0.0025. It is a good reason why you should grab tokens early.
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