Bring it back on time, or Rialo pays the shop
Renters leave a deposit for a tent, a bike or a camera. Return it on time and the deposit goes back. Keep it past the deadline and Rialo pays the shop. No arguments at the counter.
- Item
- Two person tent
- Renter
- Emre Kaya
- Deposit
- 0.05 $RIALO
- Due back
- In 30 seconds
The deposit goes back to the renter.
At the deadline, Rialo pays the shop.
Open the counter
Rent out test gear in about a minute
Everything runs on the public Rialo testnet with free test coins. No real money is involved.
- Step 1
Get free test coins
This browser gets its own test wallet. Press the button and the testnet faucet sends you 1 $RIALO.
Your test walletChecking the testnet…… $RIALOYou can also get test $RIALO from the faucet in Rialo's own Playground at playground.rialo.io.
- Step 2
Rent out gear
Choose an amount and a short deadline, then lock the deposit.
- Step 3
Watch Rialo pay out
You do not need to do anything. When the countdown ends, Rialo sends the payout and it shows up in the timeline. To see the other ending, confirm before the deadline.
Advanced
NetworkWallet address…The wallet key is created and kept in this browser only. On testnet the deposits sit in the escrow program, not in this key. Test coins have no value. Amounts are shown in $RIALO. On chain, 1 $RIALO is 1,000,000,000 kelvin, the smallest unit.
Escrow programCXPrYZxMEfsvEzPPZo1jjr5SXmjDnn3KGAqT9cc1f4Ru
Countdowns
Nothing booked yet. Finish step 2 and the countdown starts here.
Live timeline
Each step appears here as it happens, with a link to check it on the testnet.
At the counter
Rent, return, done
- 1
Rent
The renter takes the gear and a deposit is locked.
- 2
Return
The shop marks the gear as returned before the deadline.
- 3
Rialo settles it
Returned, the deposit goes back. Late, Rialo pays the shop at the deadline.
Built on Rialo
Why does this need Rialo?
On most blockchains a contract cannot wake up by itself. Someone has to run a bot that sends the payout at the right moment, and if the bot stops, the money stays stuck. Rialo has a scheduler built into the chain. Deadline Desk registers the payout once at booking, and when the deadline passes, Rialo sends it. The deposit itself sits in our escrow program, not in a browser key, and for a blood test Rialo validators check the lab with Rialo's built in web call. ChorusPay uses the same scheduler to pay song writers.
- No bot to run or pay for
- Nobody has to be online at the deadline
- No browser key holds the deposit
- Every step is a public testnet transaction you can check
Honest status
What is real today?
| Part | Status |
|---|---|
| Deposits and payouts Real signed transactions on the public Rialo testnet. | Real |
| Payout at the deadline Registered with Rialo's scheduler. Rialo sends it, the app only watches. | Real |
| Timeline links Each one opens the raw record on the public testnet. | Real |
| Lab confirmation Rialo validators fetch the result from our Sealworks test lab with Rialo's web call, and the escrow program decides from their report. The lab itself is a test service, not a real lab. | Real |
| Holding the deposit The Sealworks escrow program on Rialo testnet holds it, not a browser key. Your browser key can only confirm to the preset receiver before the deadline, and the program is locked so nobody can change it. | Real |
| Connect wallet Any wallet that follows the Rialo Wallet Standard can sign the live flows, and the browser test wallet is the default. Popular wallets built for other chains can show your address but cannot sign Rialo transactions yet. | Partly |
| Real money or patient data Test coins have no value and no personal data is stored. | Not used |