Overview

INTRODUCTION

Smart contracts and blockchain technology have long ways to go before they will be a part of everyday transactions. The future will be a lot easier with innovative ways to apply these technologies to existing real world uses and needs of people outside of the cryptocurrency market. With that in mind, RentBi is developing a platform focused on the practical application of smart contracts and blockchain technology in the real estate industry. Our goal is to make renting and leasing more transparent, efficient and much cheaper by avoiding third parties such as platforms, service providers and exchanges.

Since the outbreak of the coronavirus (COVID-19) pandemic, housing markets all around the world have been booming. Leasing and renting apartments by using cryptocurrencies are not yet an extensively popular service. However, there is significant interest from the cryptocurrency industry to rent apartments. Moreover, many cryptocurrency users are travelling and spending their assets to rent properties all over the world.

Even though owners of the digital assets pay commissions to service providers in order to convert crypto in fiat and pay for a rent. Current system is pretty unfair - most of the money made from deals goes to exchanges, rental platforms and service providers. Property owners are also obliged to give away part of their income.

The market of cryptocurrencies is large and growing fast. Capitalisation of the market is almost 2 trillion and has grown more that 5 times during the last year. We believe that a huge part of this money can be spent by owners of crypto on renting houses for living and travelling.

DESCRIPTION OF THE PRODUCT

RentB platform. A decentralized and open-source platform that allows people to rent and lease homes with smart contract technology and pay with cryptocurrencies. Ethereum based platform that connects people who want to rent out their homes with people who are looking for accommodations. Users can pay, buy and sell cryptocurrencies, stake them and earn from providing liquidity.

Trading platform. Furthermore, RentB provides a marketplace for investments, trading and staking of digital assets. Users will have an ability to sell crypto and convert it in fiat currency.

Native token. RentB’s ecosystem is supported by its own native token ‘RENT Coin’ (RENT). RENT Coins will be used to pay for rent and lease without fees in the marketplace. Furthermore, RentB has two referral programs. One program rewards you for bringing new users to the platform, the other one pays you for promoting visited apartments in our marketplace.