RxEAL (RXL)

RxEAL (RXL) widget

ICO date: 18.02.2018 - 18.03.2018
Product Type: Platform
Industry: Real Estate
Description:

RxEAL is a platform for security deposit storage on the Ethereum blockchain. It provides decentralized dispute resolution with the main focus on real estate and automotive rental markets. 

Features:

Deposit funds are stored inside the smart contract during the rental period or until mutually approved action is initiated with no ability for lessor to unilaterally access the deposited funds.

Three verified, independent and randomly assigned arbitrators will review each case and the result will be determined by the decision of the majority based on the evidence each party has provided. 

To become a verified arbitrator the user will have to pass an online test to prove they are qualified to participate in the dispute resolution.

Proposed rates are as follows: 2.3% for 0-1500 USD equivalent deposits (minimum 4USD); 34.5 USD + 0.3% for 1500.01+ USD equivalent deposits; fixed arbitrator commission of 9 USD equivalent in case of the dispute.

Unified standard for security deposits when renting property, cars and other assets.

Founded: Seychelles, 2017
Website: rxeal.com
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
NA
Hype score
Low 1.7 / 5.0
Risk score
NA

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