Reflexion Lounge (XRLO)

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!

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.

→ 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

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.

A very unique concept with a Whitepaper which explains the project in detail and a solid team of experts that make it a project with very high potential. Very clear vision and the contribution of blockchain technology on such a project. Eliminating border between nations by catering over 30 nationalities and already launched their first lounge which makes their concept even more reliable.