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.
PlexCoin Founder Gets Jail Time, Fine on Contempt Charge
U.S. and Canadian authorities appear determined to make an example of a recent initial coin offering.
On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic
'Bitcoin Jesus' is 'really, really concerned' about the future of the digital currency
An early bitcoin investor said Monday the digital currency can run higher, but the hype has far outpaced its usability. "I think in the short run it can run up a lot more," Roger Ver, CEO of
Bitcoin has aspects of a bubble, but it's OK to 'play' with it: Economist Robert Shiller
Bitcoin has "aspects of a bubble" but it's almost impossible to know whether it's gone too far, Nobel-winning economist Robert Shiller told CNBC on Monday. Bitcoin has been on a wild ride
Futures Launch Puts Record Bitcoin Highs Back in Play – Yahoo Finance
Digital currency bitcoin begins trading on major exchange for first time in Chicago WLS-TVBitcoin Futures Started So Hot That Trading Had to Be Halted Twice FortuneBusiness Insider Â âCNNMoney Â â
Understanding Futures: A Primer for Bitcoiners
Lanre Sarumi is the CEO of Level Trading Field, an interactive online platform for professionals in the finance industry.
"Study the past if you would define the future." – Confucius
Bitcoin Price Back Above $17k to Set New All-Time High
The price of bitcoin has pushed back above $17,000, hitting a new all-time high on CoinDesk's Bitcoin Price Index (BPI).
As of press time, the BPI had climbed as high as $17,382.64, beating the $17
People are taking out mortgages to buy bitcoin, says securities regulator
Bitcoin is in the "mania" phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday. "We've seen mortgages being taken out to buy
Two Firms File Bitcoin ETF Applications in Wake of CBOE Futures Launch
Two exchange-traded fund (ETF) providers have filed with the U.S. Securities and Exchange Commission (SEC) to create Bitcoin ETF products that trade in cryptocurrency derivatives.
According to the