ICO KYC Report
2 members invited
About Reflexion Lounge (XRLO)
Lounging-as-a-Lifestyle (LaaL)
A lounging and lifestyle environment that truly promotes equality of opportunity and provides a platform for nurturing a millennial generation.
The Reflexion LaaL Platform aims at enabling an innovative blockchain powered franchise business model to transform the traditional franchising system into a trusted network of community members that partake in a global Lounging and Lifestyle brand.
A revolutionary social network that governs itself with smart contracts that distribute community’s rewards and earnings, turning the Reflexion Lounge into a Decentralized Autonomous Community (DAC).
Whitepaper
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Ratings
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Krutesh Shah
Enterprenuer | CEO | ICO Advisor |Investor | Blockchain Enthusiastic | Public Speaker
Rated on Jul 25, 2019
Rated on Jul 25, 2019
5
5
5
17%
Superb and Unique concept of using Blockchain for Shisha and Lounging Industry.
Solid team of domain experts able to execute Lounging-as-lifestyle concept and Reflexion Card payment.
Detailed comprehensive whitepaper explaining clear concept and XRLO usage MVP looks very promising explaining Reflexion Card payment flow nicely.
The company is multi-millions UK based business with many popular sports and music ambassadors associated with them.
Definitely a solid project. Good luck team and looking forward to see working product!
Agree
0
Disagree
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Daryl Naidoo
Founder-Promethean Dynamics |Blockchain Advisory Council |Alliance of Blockchain Professionals |Blockchain Association of Africa |Bitnation Ambassador
Rated on Jul 11, 2019
Rated on Jul 11, 2019
4
3
5
15%
This is no doubt a rather unique offering. I like the concept and I do believe there is a good market for this sort of service globally.
It's good to see they have already started operating with their first lounge. I do think however that they should have added dates to their roadmap on their website.
Agree
0
Disagree
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Krishnendu Chatterjee Ph.D.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising
Rated on Aug 2, 2019
Modified on Aug 2, 2019
Rated on Aug 2, 2019
Modified on Aug 2, 2019
4
4
3
15%
→ Blockchain Advantage - ⛔️
→ White Paper - ✅❤️
→ Team Composition - ✅
→ Token Economics - ⛔️
→ Business Model - ✅
→ Social Media Presence - ✅
→ Collaborations & partnerships - ✅❤️
→ Fund Allocation - ⛔️
→ Legal Loopholes - ✅
→ MVP/ DApp/ Working Product - ✅(Link is missing).
Advantage - A functioning business wants to expand its reach via token emission. Experienced team and good business model.
Disadvantage - Only concern is the token model where a fixed number of tokens to be help by a franchise instead of a fixed value worth of tokens + fund allocation is only based on hard cap. These minor modifications/ explanations would make it complete.
You can find my ratings methodology here- https://medium.com/@krishnenduchatterjee/ico-evaluation-investing-a-vc-perspective-for-investment-over-greedy-short-term-returns-433f6f9e13d8
Agree
0
Disagree
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Quentin Herbrecht
ICO-STO Advisor |Top 1 France |Marketing and PR |VC Representative
Rated on Jul 14, 2019
Rated on Jul 14, 2019
5
4
5
13%
A solid team and good advisors.
A project with great potential, the market is still untapped and would benefit from being so.
Lack of Marketing and exposure on social networks at the moment.
Clear whitepaper, realistic tokenomics , the project is very understandable and we quickly observe the added value of blockchain technology in such a project. No dates in the roadmap.
Agree
0
Disagree
ReportExperts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Press Releases
Blog
Financial
Token info
Token
XRLO
Platform
Ethereum
Type
ERC20
PreICO price
1 XRLO = 0 ETH
Price in ICO
0.0287 USD
Bonus
| Token Sale IJune 15 - July 15 | 40% |
| Token Sale IIJuly 28 - August 28 | 30% |
| Token Sale IIISeptember 10 - October 10 | 20% |
Tokens for sale
90,000,000
Investment info
Accepting
ETH
Distributed in ICO
45%
Soft cap
5,000 ETH
Hard cap
72,000 ETH
Milestones
1
Reflexion Lounge Flagship
Launched our first flagship lounge in the U.K successfully and profitably serving over 15 nationalities around the world and catered to over 150 events since our inception.
2
Blockchain Concept Generation
Assembling Team Members. Create concept to enable blockchain business-model and token-economics within the existing Reflexion Lounge and Reflexion community.
3
Research and Concept Validation
Completion of White Paper and applying a strategic plan.
4
XRLO Dashboard
develop and complete XRLO token-sale dashboard and XRLO wallets to launch Token Sale Events.
5
Pre-Sale
Launch of pre-sale stages, allowing for early contributors and seed funding.
6
Trademarks
Registration of Reflexion Lounge (RL) brands in various cities where we are not already registered to enable franchise and business lounge development.
7
Platform Design
Reflexion Lounge platform designs; Reflexion Pay, Reflexion Marketplace and Reflexion Franchise Network.
8
Token Sale
Launch of public Token Sale Event, Initial Exchange Offering, Initial Token Offering.
9
Development
Approving Design and commencing with development of MVP.
10
Alpha Test
In-house testing of functional. Prototype published and linked to blockchain network with real-time scanning.
11
UK Expansion
further expansion of the existing Reflexion Lounge unit to cater to the growing demand of our community for larger space and more events.
12
Smart Contracts
Coding and developing smart contracts for the Reflexion Token (XRLO), Reflexion Lounge franchising terms and XRLO wallets.
13
XRLO Listing
Listing of XRLO tokens on various Cryptocurrency exchanges
14
Dubai Expansion
Initial development of Reflexion Lounge in Dubai as a flagship Dubai unit for further franchise expansion across the region.
15
Montreal Expansion
Initial development of Reflexion Lounge in Montreal, Canada as a flagship Montreal unit for further franchise expansion across North America.
16
Reflexion Business Lounge
enhancing the Prosperity-as-a-Purpose (PaaP) Platform by creating the world’s first decentralized business lounge offering Lounging-as-a-Lifestyle (LaaL) for the XRLO community.
17
Reflexion Cards
Launch of the Reflexion Cards storing XRLO tokens, used for transaction purposes, Reflexion Lounge and Reflexion Business Lounge access etc.
18
Global Partnerships
establishing a global user base to expand the utility of XRLO around the world’s lounging, lifestyle and dining sectors.
19
Reflexion Lounge Franchising Kit
complete Reflexion Lounge franchising program showing return on investment, policies and procedures, franchising system for “Plug & Play” business model.
20
Tokenize Franchise Rights
Launch Reflexion Lounge franchise application and open submissions to XRLO token holders and community members to exercise their rights of Franchising. Grant franchise rights to franchisees where applicable.
