Real estate in its purest form is known as one of the best investment opportunities from the dawn of civilization. People never stop renting places and those rented places never run out of customers as people are constantly moving from place to place changing fining job opportunities. So the renting business never run out of fuel but the rental long lived rental industry has remained stagnant without adapting the technological revolution despite the heavy influence caused to the retail, transport and other sectors rental industry remains untouched and lakh innovation and that is exactly why Rentberry is here. Keep on reading to know how Rentberry aims to revolutionize the rental industry and many more about this amazing cryptocurrency.
What is Rentberry?
Rentberry is a rental community that will make use of available blockchain technology to make the rental process much more reliable, more convenient and secure. Furthermore it is decentralized, which means no one has superiority over other.
Rentberry will be a fully transparent community with certified data about and property-owners and renters which will enrich the trust between the parties. Rentberry’s copyrighted and revolutionary auctioning technology backed by blockchain will greatly reduce the frustrations, time delays, scam rates and friction points (places where the process kind off slows down) in the rental process to help both occupants and the landowners. Moreover the Rentberry ecosystem will enable members of the community to help each other specially quality tenants freeing up millions of dollars locked up in the deposits along the process. Though the features and costs of accommodation differ around the world, people all over the world experience the same kind of issues when it comes to renting up a long term rental space. Rentberry’s mission and vision is to compromise these issues by offering a solution which will tackle those issues over the borders of a nation.
History
The Rentberry team is backed by highly experienced experts in the block chain field from prestigious universities such as Stanford and Columbia University. About 23 dedicated people work to make this project a success. Alex Lubinsky is the CEO and CFO of the Rentberry platform who studied at UC Berkeley University.
He worked as the former investment banking executive who created and sold several companies he is also a renowned real estate owner and a successful who is behind Rentberry’s vision. Let’s meet some of the visionaries working behind the scenes of Rentberry’s platform. Lily Ostapchuk is the CPO who studied in Columbia University. Aleksey Perfilov who studied in Stanford University works as the CTO. Rentberry was founded mainly with the aforesaid expert’s commitment at the end of 2015. Afterwards Rentberry’s founders wasted nearly a month searching for places to rent around San Francisco, California.
The team tasted well the frustration that comes along with submitting rental applications, fighting bidding wars with all the other competing potential tenants and undergoing rough face-to-face negotiations and bargains with landowners. In the process the team continuously had to change apartments as a result of losing them to other applicants due to of the lack of transparency in the rental procedure as for the team didn’t even have a slightest idea that there were plenty of others who were willing to pay a higher price much more than what you paid for the same room and much more than the asking price put forth by the landlords. To worsen the matters, once they rented an apartment after going through all these frustrations, they had to pour in thousands of dollars just for a rental security payment although the team had maintained and polished an excellent credit history and other references. The laborious, overpriced and discomforting process of getting an apartment made them question the efficiency of the outdated long-term rental process. Since they decided to revolutionize this outdated system by inventing the Rentberry platform which makes renting an apartment as easy as eating a berry.
Why you need Rentberry?
Well the answer to this question will take a couple of days to write because the opportunities that comes with the Rentberry platform is endless. First the Rentberry platform is unique. There is no other platform anywhere on Earth to beat Rentberry. One of the main frustrations when it comes to renting a property is that tenants have to pour in thousands of dollars for a security deposit every time they rent. The number sums up to 500 billion US dollars around the world. With Rentberry’s all new platform it will unfreeze this money because there will be no security deposits.
Furthermore the Rentberry platform is transparent, Rentberry provides a hale and hearty rental atmosphere in which all potential tenants can modify and negotiate their rental offers based on the rivalry and as a result rent the place at fair and true price convenient for yourself.
The next best thing when it comes to choosing Rentberry over others is the investment opportunities. Prior to the Initial Coin Offering Rentberry has by now gathered $4 million just seed funding from 11 various countries and 19 US states. In truth the fact that so many noticeable figures from the real estate industry, legal and finance areas also shared their vision of the future of rental industry and trusted Rentberry with $4 million that are now fueling their growth.
Notable investment companies are JadeValue (CashBUS) VC Fund — China; 808 Ventures VC Fund — Australia; Zing Capital VC Fund — Canada; Beechwood Ventures VC Fund — USA. When it comes to investors renowned investors including Gregory Lee the President of Nokia Technologies invested in Rentberry’s vision.
Rentberry has a multitude of benefits when it comes to in terms of landlords and tenants. The main is the reduction of friction points. Let’s discuss how not only tenants but landlords can benefit from Rentberry’s platform. Benefits for landlords will include the capability to list any apartment or rental property on the Rentberry platform with a much more specific asking price and provide the tenant with valuable information regarding the rental place or apartment. The asking price will be continuously changing and it will depend on the number of each landlord promoting their properties simultaneously.
All about the Berry Token
The Rentberry token named Berry is the company’s copyrighted cryptocurrency designed to simplify a consistent global methodology in the long term rental process, with all transactions kept in a secure manner. There is a fixed limit of 30,000,000 USD of tokens and a Soft Cap of 3,000,000 USD. If less than the expected soft cap of 3 million is reached by the end date of the token sale (the minimum raise) then all the funds raised will be resent to participants. The refund will be paid in minimum period of time. There is a hard cap equivalent to 30 million dollars. About 400 million BERRY tokens are allocated to the token sale separately. Keep in mind if you do not manage to purchase BERRY tokens while the token sale is live you will be deprived of the chance to buy any of the BERRY tokens because all the tokens left off from the token sale will be burned after the token sale but don’t worry much because only 70% of the tokens will be allocated to the token sale. 20% of the tokens will be used as the fuel for the Rentberry Reserve and 10% of the BERRY tokens will be distributed among the founders and employees. Let me explain to you now what Rentberry Reserve means. Rentberry will use the Rentberry tokens in the Rentberry Reserve for performing future promotions, gifts and bonuses in the real estate business. Some of the Reserve tokens will be given to employees of the company.
To participate in the token sale buyers will have to pay in either Bitcoin or Ethereum. All the tokens will be transferred to each person on the token sale end date. The exchange rate is 1 ETH is equal to 2500 individual Berry tokens. You can also purchase Berry tokens using Bitcoin transferred to their address. A minimum purchase of 0.1 ETH must be met in order to purchase Berry tokens which means you can purchase 250 Berry tokens with the aforesaid minimum amount of Ethereum. The Rentberry token sale ( the ICO) will start on December 5th 2017 on NY time and will end on earlier of February 28th 2018, the following year, the closing date or else until the hard cap $30 million is reached. You can purchase tokens on ico.rentberry.com.
For the token launch Rentberry has dealt into an official partnership with Cryptonomous for the necessary technological and Rentberry has will use their platform to cope with the token sale. Especially when it comes to the KYC process. To take part in the Token Sale, potential buyers must visit ico.rentberry.com, their official website where the purchasers will be urged to registered in the Cryptonomos book building portal. When you have successfully registerd, you will be capable of purchasing BERRY tokens using either Ethereuum or Bitcoin. People who purchase tokens will be buying BERRY tokens to be used within the Rentberry platform, as mentioned above.
Team
Website https://rentberry.cryptonomos.com/
Whitepapper https://rentberry.cryptonomos.com/downloads/Rentberry_Whitepaper_en.pdf
Twitter https://twitter.com/Rentberry_
My bitcointalk account https://bitcointalk.org/index.php?action=profile;u=1250987