Rentything the world's first decentralized online peer-to-peer (P2P) leasing platform using blockchain technology
WHAT IS RENTYTING?
Rentything is the world's first decentralized online peer-to-peer (P2P) rental platform that uses blockchain technology to build a reliable and transparent platform to encourage collaborative and environmental conservation.
Rentything platform will only use RentyCoins. P2P leases refer to the individual process of hiring goods, services or property owned by others. It is also referred to as person to person leasing, regular consumption, share economic system and product system. For Rentything, P2P usage is primarily used to describe online-enabled rental transactions between individuals.
The rapidly increasing demand for collaborative consumption is made possible by a combination of the following trends:
- Network infrastructure and high bandwidth penetration reach a level that enables social networks and consumer-to-consumer markets
- Limited storage space in a crowded urban environment prevents consumers from storing all the items they occasionally use
- Increased consumer environmental concerns that lead to limitations in resource wastage and excessive consumption
- Evolution of consuming behavior from owner to user
WHY RENTYTHING
The technological evolution has led to disruption of various sectors in recent years. The rental industry remains stagnant due to the cost barrier process involved in a no-trust environment where no "actor" has true credibility. There has been no significant technological disruption to deliver new and better ways to rent. Here at Rentything, we aim to change it.
By using Rentything, people in countries around the world will have the opportunity to enjoy a platform that is completely transparent and universally used to rent. This platform will enable the assessment of tenants and owners by allowing them to submit reviews and assessments to each other, and will also allow both parties to reference audits of unchanging rental activities. This information will be analyzed and then used in Rentything proprietary valuation technology. It will be more advanced, decentralized, secure / unchanged and intuitive than a vertically focused solution that has only one aspect of the tenant's history. Scores may be used internationally and are part of tenants and profile owners. In addition, by building these solutions in blockchain, all personal data (rental history, credit ratings, references and reviews) will be permanently secured on the blockchain. The data will be wholly owned and controlled by the lessee and only made visible to the owner when the tenant makes the rental application using their personal key / wallet in their mobile and / or web applications; this will allow the tenant's private key to sign the data / application and give the owner permission to rate the offer and history.
PROBLEM
- Environmental Conservation
Total waste in the world is enormous: 2.12 billion tons per year (equivalent to trucks lining up and wrapping around the world 24 times). Only a small portion is recycled, but even that part is often discarded, which has long-term and long-lasting impacts on the environment and human health.
This amazing amount of waste is partly because 99 percent of the items we buy are discarded within 6 months. Without access to reliable sales or sales markets, it is easier to dispose of unnecessary items.
- No Trust, High Risk
One of the biggest risks in P2P exchanges is the lack of a formal credit rating or access to binding contracts for transactions. Formal contracts for small transactions such as leasing do not justify professional legal services, but users also do not have full confidence in law enforcement mechanisms, even for existing markets such as eBay. In short, there is a high risk for owners and tenants if either party fails to comply with the lease agreement.
- Lack of a Reliable P2P P2P Platform
Most online rental platforms are small, localized, community-based portals, which are not scalable or should be reliable. Daily transaction volume is not large enough to justify creating a full-featured market. However, without scale, users may not find the item they are looking for. In addition, the existing rental market is often limited by jurisdiction, which means they can not access regional markets to develop their user base, due to complications such as currency exchange.
The rental platform faces another chicken and egg market challenge to attract enough users to create enough lists to attract more users.
- High Transaction Fees
Transaction costs are a constraining factor for owners and tenants unless they are low enough to justify hiring and lending. Currently, the cost of services by financial institutions and other service providers accumulates to generate net profits for owners and tenants too low to be attractive.
OUR SOLUTION
As the world's first decentralized online P2P leasing platform with environmental conservation, we introduce tokenisasi technology, decentralization and stops for our online rental market.
- First Decentralization Platform
Currently, rentything.com has attracted several thousand subscribers to receive newsletters and even websites have not been launched yet. This shows that there is a high demand for owners and tenants looking for a secure, reliable, innovative, secure, transparent, highly extensible, and reliable P2P online leasing platform.
- Tokenisasi
Every lease item on our platform is respected. Used goods are no longer in vain. Instead, each item has its own value with a certain RentyCoin value. RentyCoin will be used as the currency for rental fees, advertising fees and lease deposits.
- Smart contract
With the idea of blockchain, smart contracts that facilitate, verify, or enforce negotiations or contract performance will be used for every lease deal. Two smart contracts will be made for each lease deal. One smart contract is for loan deal and other contract is for return deal. All transaction details will be stored spread throughout the internet world. Because it says that, all the details of the deal are transparent to everyone and can be trusted.
- Transaction
Each rental item on the Rentything platform will be given a token. Each item has its own value, a certain RentyCoin value. RentyCoin will be used as currency for the Rentything market to pay rental fees, advertising costs and rent.
Rentything Market is unlike other platforms because it does not charge a service fee and only charges a low commission fee: 1% of lease transactions are paid by the owner or tenant.In addition, since everything on the platform is completed by RentyCoin, no handling fee will be incurred from a financial institution or a third party payment gateway.
- The Most Trusted Blockchain Technology
Since this is a blockchain-based solution, all evidence of information required to complete the rental application will be automatically recorded to the distributed ledger, where evidence and evidence may be used later to encourage and automate the assessment.
- Single Secure Cryptocurrency
Owners will be able to collect rent fees in RentyCoin tokens seamlessly and safely and use them for other services on the platform, such as:
- Pay for promotional items and marketing that will highlight their list at the top of the search results
- Insure the rent deposit
- Hire third-party service providers, such as delivery services, etc.
WHAT IS RENTYCOIN RTC?
RentyCoin is our proprietary kriptourrency aimed at creating standard cross-border rental processes and keeping all lease transactions as safe as possible.
Name: RentyCoin or RTC
Fixed Limit 50,000,000 RTC
Exchange1 ETH = 10,000 RTC
ETH Currency (Ethics)
Pre-sale Beginning February 28, 2018 (13:00 GMT)
Incentive:
First Day Bonus + 50% = 15,000 RTC = 1 ET
Bonus 1 week + 40% = 14,000 RTC = 1 ETH
Bonus Week 2 + 30% = 13.000 RTC = 1 ETH
Week 3rd Bonus + 25% = 12,500 RTC = 1 ETH
Weekend Bonus + 15% = 11,500 RTC = 1 ETH
ROADMAP
Benefits of using decentralized blockchain technology:
Think of all the different data sets like lease items, rental rates, lease details, rental time, owner and tenant information, online and offline records and transactions involved in live or historical records. Now consider all the complexities involved in analyzing, cross-referencing and communicating between these different intermediaries, systems, transactions and agreements, whether it's to check ownership, identity, authenticity or make such transfers. It works like this which stores many different sources and database records.
With blockchain, this complexity will - in theory - be a thing of the past as every item, lease detail, transaction and agreement will be automatically recorded, verified and centrally accessible. There is no need for intermediaries, checks and bureaucracies to prove the trust or authenticity of your data, as it will be safe and guaranteed inherently. Less risk, meaning valuable cost and time saving in everything from payments to logistics. Everything will be simplified and integrated into one super large database.
FOR MORE CLEARLY PLEASE VISIT LINKS BELOW:
Situs web: https://www.rentycoin.org/
Twitter: https://twitter.com/rentything
Facebook: https://www.facebook.com/Rentything/
Telegram Chat: https://t.me/joinchat/GeZvCETTYSsoOI9K7dxzt
Instagram: https://www.instagram.com/rentything/
BY poleng
my ETH: 0x277F58a93f1c804C532eBaf5Aa3B9945743f6d06
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