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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.
Start: 19th February 2018
End: 21st March 2018
Whitepaper: Read whitepaper
Role of Token: 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.
Product Status: ICO
ICO Category: Business ICO
Team Leads: Dmitrijs Orlovs – CO-FOUNDER/ BUSINESS, STRATEGY & MARKETING, Aleksandrs Puzdrans – CO-FOUNDER/ TECHNOLOGY & OPERATIONS, Janis Dabols – CO-FOUNDER/ LEGAL & FINANCE, Boris Koziorov – DEVELOPMENT LEAD
Token Symbol: RXL
Where to Buy token: RxEAL Website
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