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The issue is the current models of rent deposit which are not beneficial to the tenants:
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• For those who can afford a deposit, the funds are locked at a bank earning some insignificant income;

• For those who can not afford a deposit, paying a non-refundable premiums throughout the rental period

Some inefficiencies in the current administrative processes can also be noted (signature of documents, paper trail etc..), Xelidoni fixes the above issues through the use of a blockchain technology to create efficiency in the rental process for all the stakeholders and generate a better return for the tenants in the form of the interest income earned.

Xelidoni uses the smart contracts to connect to the CRM of rental agencies, ensuring that the data transfers between those agencies and the company are extremely fast and secured. Through its partners, Xelidoni also use the benefits of the blockchain to generate the income that it will use to reward the tenants.

Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss. They can also automate a workflow, triggering the next action when conditions are met.

Smart contracts work by following simple “if/when…then…” statements that are written into code on a blockchain. A network of computers executes the actions  when predetermined conditions have been met and verified. These actions could include releasing funds to the appropriate parties, registering a vehicle, sending notifications, or issuing a ticket. The blockchain is then updated when the transaction is completed. That means the transaction cannot be changed, and only parties who have been granted permission can see the results.

To illutraste the above, for Xelidoni, smart contracts automate the lease contracts details once a tenant signs with the rental agency. All the information are therefore transferred in the smart contracts, ensuring that Xelidoni has all the details regarding the lease term, deposit amount, and other important information.

The smart contracts will be programmed to release the funds (rent deposit and rewards) when necessary.

It invests in the DEFI through certain liquidity pools.
It generates fees by exploiting certain nodes.
It invests in the tokenized real estate market.
It invests in the NFT's market.

Xelidoni has a very strict Risk management with regards to its investment policy:
The company works with reputable partners that are known for their prudent approach, specially when it concerns funds management.
Xelidoni has a safety net in place, to ensure the volatility of the market does not affects the funds it holds. The funds are invested in the less volatile part of the market (for example saving in stablecoins). The company as an adequate ALM Team and tools in place to control the liquidity position in real-time. The company holds stable assets (stabelcoins, investment properties).

A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U.S. dollar or gold. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. Xelidoni intends to hold some stablecoins coins pegged to currencies such as the Swiss Franc, the US dollar etc..

At the moment, only fiat (Currency that is a legal tender such as the Swiss franc) currencies are allowed to be deposited in Xelidoni. It is expected that stablecoins will be accepted in the near future.

It is not necessary to go through a rental agency. The tenant can open an account with Xelidoni and subscribe to the rental guarantee with or without deposit.