The Rxeal ICO presale recently started, you can see how the sale is going on their website here:
Their Website
The new platform is offering individuals and companies a completely different product and service that is capable of taking full advantage of the technology associated with the blockchain. With this company, their main focus is on real estate, and in particular the rental market which is clearly a huge industry that has very real potential.
What is Rxeal?
This is a start-up company that is focusing on the real estate industry while claiming that they have a number of solutions to a whole host of common problems and concerns. Their argument is that there is a considerable sum of money lost each year with people not being given their deposits back or individuals not paying rent on their real estate.
As a result, they sought to overcome those issues with their new project becoming the middleman for both sides of the equation. By including the blockchain, then it is hoped that the transparency and added security, due to there being no fraud possible, will make the entire transaction aspect substantially smoother than it has been to date.
They are also quick to point out that transactions made via the blockchain are substantially faster than normal banking transactions, which will end up being a major positive for both sides.
How big is the market?
The new project lists the market size in their whitepaper. Ofcourse people will always need car and real estate rentals. They estimate in their whitepaper that Airbnb has around 150 million customers with 1 million of them listing rentals on the website.
The Technical Aspect of Rxeal.
The entire platform that is provided by the startup is based on the Ethereum blockchain. As a result, you can be sure of it being stable from the outset as well as the possibility of expansion of the blockchain without that stability being put into any danger.
They will also be using Smart Contracts in their role as the middleman for both the lessor and the lessee. Because of this, it does mean that both sides are able to be given their own guarantees for whatever is stated in the agreement. Clearly, this builds confidence in both parties, and it is a useful way of using blockchain technology.
The reason why it acts as a guarantee is due to the transparency aspect. Both parties know who they are dealing with, and the information on the blockchain can obviously be unchanged with this giving added confidence to both sides.
In addition, they have the intention of acting more as a mediator between two parties as one side can open up a dispute with this part of the process costing tokens. They are able to help as they have employed a series of legal experts with direct experience in this part of the law, and it is those experts that will then examine the case and effectively direct both sides as to who is in the right and who is in the wrong.
The Advantages of Using the new platform.
The advantages of using this service should just leap out at you especially if you have previous experience of dealing in the rental market. The role of a middleman can often be confusing and costly, so removing those two difficult areas is going to help draw people into using the system that is now on offer. Also, having those legal experts on hand will help, but they have not really discussed the costs associated with it at this point.
Overall, the main advantage is in them providing a clear and transparent platform for people to deal with one another in the rental real estate market. It could then lead to better deals for both parties creating a win-win situation for everyone involved.
Rxeal ICO Details
For the ICO, the company has stated that they are only going to be accepting ETH as a cryptocurrency to coincide with their ERC20 token. Also, there is a huge difference between their soft and hard cap which is rather surprising. The soft cap has been set at 300ETH while the hard cap is substantially higher at 35,575ETH.
During the ICO, the exchange rate for tokens against ETH has been set at 1ETH equating to 1200RXL. There are bonuses available, but they do decrease in size as the ICO continues and the sale of tokens increases. There will also be a total of 53,760,000 tokens made available for the sale with that representing some 56% of the total that will be produced.
Finally, there are various countries where there are restrictions in place to stop the inhabitants of those countries from investing in this project. One country is the United States, but it is advisable to check the list of countries prior to investing.
Overall Conclusion About Rxeal and the ICO.
Overall, the product that is on offer sounds very good, there have been some other companies launching blockchain based solutions however this platform seems to offer advantages over them. The market should also be big enough to cater to various different platforms.
The blockchain is obviously ideal for this market with Ethereums smart contracts making all transactions fairer for both parties.
There also doesn’t appear to be a minimum investment amount which can also be a bonus if you are concerned about dipping your toes in and being burnt in the process.
So, if Rxeal are able to draw in enough people from the real estate side of things, then this could very well be a worthwhile project. The idea of people getting their money in next to no time is cool especially when it is connected to keeping a roof over your head. With buying a property becoming too expensive and difficult for most people, the rental market will prove to grow and this use of the blockchain could ultimately benefit.
Check out further details on their website.
Their Website
Whitepaper: https://storage.rxeal.com/public/RxEAL_White_Paper.pdf
Facebook: https://www.facebook.com/RxEAL
Twitter: https://twitter.com/rxealofficial?lang=en