TAGS: Sponsored Stories
RxEAL, a new platform for secure rental deposit storage on Ethereum blockchain, has just launched its token presale.Â RxEAL aims to solve the problem of the growing number of security deposit disputes, by providing a simple way to create smart contracts and offering a decentralised dispute resolution. Currently, the companyâs main focus is on real estate and automotive rental markets. The token presale will remain open to investors until the 31st of December 2017; the actual ICO will start on the 31st of January and will last until the beginning of March.
A REAL-LIFE SOLUTION TO A GROWING PROBLEM
More people than ever before are involved in real estate, car and other rental transactions, resulting in more disputes about security deposits every year. A significant amount â almost 50% â of all security deposits globally are subject to disputes that destroy value for everyone â both lessors and their lessees. 6,000,000,000 EUR are annually lost due to disputes in the UK alone.
âOur mission with RxEAL is to have a world where no security deposit is disputed. To create more value for shareholders of lessors and also benefit the lessees. Using blockchain technology, this can be done in a secure, simple and accessible way,â says Dmitris Orlovs, co-founder and the head of business strategy of RxEAL.
The RxEAL platform is a solution for eliminating the growing number of fraud cases in rental transactions associated with unfair withholding of funds from the security deposit at the end of the rental agreement. 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 would be stored securely on Ethereum blockchain throughout the course of the agreement. In the event of a dispute, the platform will provide a decentralised and independent arbitrage conducted by qualified members who earn RxEAL tokens for resolving the dispute. The RxEAL approach eliminates the possibility of breaching the contract terms, hence solving the issue of trust associated with rental deposits.
THE LATEST WAY TO PROFIT FROM REAL ESTATE
With many new ICO projects emerging and many not making it to the top, industry experts say that RxEAL is an accessible future solution, which is understandable and realistic enough to consider investing in it.
Janis Murmanis, partner at Timbero Latvia Ltd construction company, is convinced that: âThis is an innovation for the industry that is in a constant need for upgrades and solutions to resolve long-standing problems, from which one of the biggest is, in fact, deposits. RxEAL is simple and accessible in its mechanics, which makes it the latest way to profit from the always-great real estate industry,â
To find out more, visit the RxEAL official website:Â https://rxeal.com
Presale: December 4th, 2017 at 12:00 UTC Presale ends: December 31st, 2017 at 12:00 UTC or upon reaching the presale cap.
*Presale participants can buy RXL tokens with 100% bonus at a fixed rate of 0.00125 ETH.
Start date: January 31st, 2018 at 12:00 UTC End date: March 2nd, 2018 at 12:00 UTC or upon reaching the token sale hard cap.
Alabama Securities Watchdog Hits 3 ICOs with Cease-and-Desists
The Alabama Securities Commission (ASC), the U.S. state's securities regulator, has joined its counterparts in Texas and New Jersey in hitting out at initial coin offerings (ICOs) that are soliciting
Bitcoin Faces First Close Below This Key Long-Term Support in 2.5 Years
Bitcoin risks closing below the 50-week moving average (MA) – an important long-term support not breached for over 2.5 years.
With the bears already on the offensive following the recent sell-off,
China MIIT’s Yu Jianing: Neither Blockchain Nor Bitcoin is A Bubble
May 23, Yu Jianing, the director of industrial economic institute of the information center of Ministry of Industry and Information Technology (MIIT), indicated that “neither blockchain nor bitcoin
Norfolk Southern the Latest Railway to Join Blockchain Transport Group
U.S. railway network Norfolk Southern has become the latest industry player to join the Blockchain in Transport Alliance.
One of less than a dozen Class I railroads in North America, Norfolk Southe
EY's Maritime Blockchain Insurance Tech Is Now Live
A group of companies piloting a blockchain-based insurance platform for the global shipping industry announced on Friday that the technology is now live in commercial use.
Dubbed Insurwave, the blo
ShipChain Pushes Back Against Securities Violations Claims
Supply chain startup ShipChain claims it was unaware its SHIP tokens were available to South Carolina residents in its first public response to the state's cease-and-desist order.
The blockchain co
Most Big Cryptos Dropped this Week – These Two Bucked the Trend
The cryptocurrency markets are set to end the second week of May on a low note.
The total market capitalization for all cryptocurrencies fell below $400 billion for the first time since April 26 on
Bitcoin tracking for slight weekly losses despite news of regulatory crackdowns
Bitcoin has held up relatively well this week despite negative headlines about regulatory crackdowns. For analysts with a long-term view, that price action fits with their thesis that increased