Rentberry was founded in the year 2015. The idea hit upon our founders when they spent close to a month searching for rental properties in San Francisco, California but understood the exasperation and the tedious process that comes along with rentals. Moreover there were also issues with lack of security ,low transparency level and high cot involved which led us to question the productiveness of traditional rental process.
Hence, Rentberry was formed to ensure that there is an inexpensive, convenient and secure manner of rental transactions. It is a decentralised ecosystem which uses smart contracts using blockchain technology. Our aim is to offer a solution that will be useful for residents across international countries.
Rentberry Explained
Rentberry is using a proprietary auctioning technology to assist in reducing the amount of issues that arrive out of scam rates, timedelays, and friction points in the rental process to benefit both tenants and landlords.
The system is also designed in a way to help back quality tenants and in unfreezing millions of dollars caught up in rental security deposits. Our system offers a fully operational, web-based long-term rental platform for the users. We use blockchain technology to make sure that there is ease of use . Some of the tasks that Rentberry does is - Searching for properties, Screening prospects;,Unlocking rental security deposits, Enabling landlords to stay connected with tenants. The system was initially build to create a system of incentives. Rewards to ensure that there was efficiency followed in the industry.
If there happens to be a situation where there is Ethereum resourcerestriction, Rentberry will adapttoa hybrid public / private blockchain model. This is basically made to track the private blockchain network ledger, to track all transactions on the platform ensuring maximum transparency.
It is important to note thateach feature in our platform own identity private key / wallets which are stored on their phones and secured using biometrics.
Token Launch
Regarding the token launch, the interested participants will have to visit the website ico.rentberry.com and register for the Cryptonomos book building portal. The cost of 1 ETH = 2,500 BERRY. They can then purchase the berry token via Ethereum or Bitcoin. They may have to provide additional identification details during the purchase. Also , people who buy BERRY Tokens either during the Token Sale valued at 200 ETH or more, will be eligible for a bonus.
When it comes to the cost , it is currently priced at 1,000 BERRY tokens out of which 50 BERRY tokens will be allocated to Rentberry as a fee. And hence the remaining 950 BERRY tokens will be distributed to the applicable landlord towards an initial payment
Team
The founding team consists of Alex LubinskyCEO , UC Berkeley, Lily Ostapchuk, CPO, Columbia University and Aleksey Perfilov , CTO, UC Berkeley without which the entire project would be impossible.
Conclusion
In conclusion we have successfully raised 4Million from angel and institutional investors, prior to our token sale which is an excellent boost for us. Since we have seen a great growth path, we are confident that we will be disrupting the market with out product.
For More Details Visit:
Website:https://rentberry.cryptonomos.com/
Written by: Pooja Jur
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1217469