RxEAL

The Problem

The security deposit is a deposit that is used to deal with losses to the leased asset, but the transfer of these funds to the counterparty for storage is a problem of trust. The payer cannot ensure that your deposit has been safely stored and the counterparty will return the deposit to you. On the other hand, at the end of the agreement, it may take a few weeks for the tenant to recover his or her deposit and disputes may be resolved in court, resulting in an even longer delay.

What does RxEAL Solve?

RxEAL is the platform for reliable and secure storage of guarantee deposits on the Ethereum block chain. It offers a decentralized dispute resolution with a focus on the real estate and car leasing market with a total value of hundreds of billions of US dollars. RxEAL will be made available to other industries that require a fair background storage and dispute resolution.

RxEAL is an instrument that allows you to eliminate a large number of frauds in rental operations associated with the unfair detention of escrow funds when the rental agreement expires, providing an interface for carrying out these activities using intelligent contracts that do not require technical knowledge. RxEAL has not only solved the problem mentioned above, but also provides much faster deposit repayment rates and profitability compared to other solutions outside the chain.

What is a Security Deposit?

A security deposit is one of the measures used to compensate for all losses caused by the rented property.

Intelligent Contracts

These intelligent contracts solve the problem of trust by handing over security deposits to the other party for storage. The intelligent contract will ensure that the tank volume is safely stored in the Ethereum block chain throughout the agreement.

Security Deposit as an Asset

Do you want deposit funds to be much more valuable than those initially provided or do you prefer the reliability of a fiat currency and take advantage of blockchain technology? No matter what your choice, RxEAL has you covered with its intelligent ETH high growth repositories.

Supporting the Crypto Currency Ecosystem

RxEAL can become a complete solution for each of your rental transactions. It can be easily integrated into a rental company's existing workflow or for individual use. The benefits offered by RxEAL instead of conventional guarantee deposit systems will encourage an increasing number of people to use crypto-currency.

Project description and business model

By combining block chain technology with day-to-day rental operations, we can offer a completely new way for users without the know-how to take advantage of intelligent contract features.
For RxEAL, we believe that responding to the increasing demands of real estate, car rental and other transactions involving security deposits. We provide a safer, faster and cheaper alternative to traditional alternatives.
RxEAL provides a way to securely hold escrow deposits for the various rental products in the form of cryptographic coins through intelligent contracts in Ethereum block chains, as well as a fair dispute resolution procedure.

How does it work?

1 The owner establishes a smart contract and pays RXL tokens for the implementation.
2 The customer is notified of the intelligent contract generation.
3 The customer transfers funds through a smart contract.
4 If there is a dispute, the mediators will be provided with information supporting the parties' requests and the proposed division of funds for their decision. The person initiating the dispute pays Tokens RXL for the arbitrators
5 If there is no dispute, the revenues are divided according to the following criteria the terms of the contract.
6 In the event of a dispute, appeals are allocated according to the decision of the mediators.
Tariff Model
This is a model that sets very competitive prices for its customers and ensures efficient profitability and functionality of the Company, while providing a financial tool for mediators.
As an example, a mediator who works 8 hours a day and examines a dispute every 30 minutes can earn RXL tokens worth 60 USD a day.
The proposal of the reference rate model is oriented towards the lessor when he uses the RXL to pay for the service. We believe that our service provides an advantage to landlords because it allows us to offer the same product to tenants who are looking for faster transactions and greater protection against the unfair retention of security deposits, so tenants are likely to opt more for the landlord's rent, while tenants would like to pay a small surcharge for that service.
We also consider offering a custody regime in which we would maintain the deposit and obtain interest accordingly, making this service completely free of charge. Such pricing models could be implemented when Ethereum makes transitions to the Test of Participation consensus agreement.
Another pricing model to be offered is based on the pricing of the ether in proportion to the price fixed at the beginning of the contract. If Ether increases the value again during the settlement, the profits can be divided between the two parties.

Price schemes are subject to change if another of the most convenient and profitable models is found for our customers.

Team

Links

WebSite https://rxeal.com/
PaperWhite https://storage.rxeal.com/public/RxEAL_White_Paper. pdf
Twitter https://twitter.com/rxealofficial
Facebook https://www.facebook.com/RxEAL
Telegram https://t.me/rxealofficial
ANN https://bitcointalk.org/index.php?topic=2518611


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