RENTYTHING — Decentralized P2P Renting Platform The world’s first decentralized peer-to-peer (P2P) online renting platform using blockchain.
ABOUT
Rentything is the world’s first decentralized peer-to-peer (P2P) online renting platform using blockchain technology to build a trustable and transparent platform to encourage collaborative consumption and environmental conservation.
Rentything’s platform will only use RentyCoins. P2P renting refers to the process of an individual renting an owned good, service, or property to another individual. It is also referred to as person-to-person rental, collaborative consumption, thesharing economy and product service system. For Rentything, P2P renting, is mainly used to describe online-enabled rental transactions between individuals.
The rapidly growing demand for collaborative consumption is enabled by a combination of the following trends:
- Networking infrastructure and high-bandwidth penetration reaching a level allowing social networks and consumer-to-consumer marketplaces
- Limited storage space in dense urban environment preventing consumers from keeping all the goods they occasionally use
- Increasing environmental concerns of consumers leading towards limitations of waste of resources and over-consumption
- Evolution of consuming behaviors from owners to users
PROBLEMS
Environmental Conservation
Total waste in the world is enormous: 2.12 billion tons annually (the equivalent of trucks lining up and wrapping around the world 24 times). Only a small percentage is recycled, but even that portion is often dumped, which has far-ranging and long-term impacts on the environment and human health.
This stunning amount of waste is partly because 99 percent of the stuff we buy is trashed within 6 months. Without access to a reliable resale or rental market, it is more convenient to dispose of an unnecessary item.
Lack of Reliable Global P2P Rental Platforms
Most online rental platforms are small, localized, community-based portals, which are not scalable or necessarily reliable. The daily transaction volume is not large enough to justify creating a full-featured marketplace. Yet, without scale, users may not find the items they are looking for. In addition, existing rental marketplaces are often limited by jurisdiction, meaning they cannot access regional markets to grow their user bases, due to complications such as currency exchanges.
Rental platforms suffer other marketplace chicken-and-egg challenges of attracting enough users to create enough listings to attract more users.
No Trust, High Risk
One of the biggest risk in P2P exchanges is lack of formal credit ratings or access to binding contracts for transactions. Formal contracts for small transactions such as rentals do not justify professional legal services, but users also do not have full confidence in enforcement mechanisms, even for existing marketplaces such as eBay. In short, there is a high risk for both owner and renter if one of the parties fail to fulfill the renting deal.
High Transaction CostHigh
Transaction costs are a prohibitive factor for both owners and renters unless they are low enough to justify the effort of renting and lending. Currently, service charges by financial institutions and other service providers accumulate to make net returns for owner and renter too low to be attractive.
OUR SOLUTIONS
As the world’s first decentralized P2P online renting platform with environmental conservation, we are introducing tokenization, decentralization and blockchain technology for our online rental marketplace.
OUR VISION
The emergence of virtual currencies has been made possible by the advances in encryption and network computing which has been deemed as a primary variable responsible for the transformational changes in the global economy with regards to how good, services or even assets are exchanged. Unlike traditional currency, the most unique aspect of the virtual currencies construct is the fact that they belong to private independent system that facilitate peer-to-peer exchange and bypasses traditional central clearinghouses.
What is RentyCoin RTC
RentyCoin is our proprietary cryptocurrency designated to create cross-border standards of rental process and keep all rental transactions as secure as possible.
Name: RentyCoin or RTC
Fixed Limit 50,000,000 RTC
Exchange1 ETH = 10,000 RTC
Currency ETH (Ethereum)
Pre-sale Starts February 28, 2018 (13:00 GMT)
Incentives:
1st Day Bonus +50% = 15,000 RTC = 1 ETH
1st Week Bonus +40% = 14,000 RTC = 1 ETH
2nd Week Bonus +30% = 13,000 RTC = 1 ETH
3rd Week Bonus +25% = 12,500 RTC = 1 ETH
Final Week Bonus +15% = 11,500 RTC = 1 ETH
WHITEPAPER
Built with blockchain technology at heart, rentything makes us rethink the way rental process should be organized. Smart contracts support full automation of bureaucratic procedures, while decentralization makes it possible to change the logic behind rental security deposits and establish the new standards to benefit all — owners and buyers. Be among the first to learn the details and don’t miss your chance to participate.
Process Model
Curious about Rentything?Watch here:
Contact Information:
Website: https://www.rentycoin.org/
Twitter: https://twitter.com/rentything
Facebook: https://www.facebook.com/Rentything/
Medium: https://medium.com/@rentything/what-is-rentything-443251cfe9de
Telegram Chat: https://t.me/joinchat/GeZvCETTYSsoOI9K7dxztg
Instagram: https://www.instagram.com/rentything/
Website: https://www.rentycoin.org/
Twitter: https://twitter.com/rentything
Facebook: https://www.facebook.com/Rentything/
Medium: https://medium.com/@rentything/what-is-rentything-443251cfe9de
Telegram Chat: https://t.me/joinchat/GeZvCETTYSsoOI9K7dxztg
Instagram: https://www.instagram.com/rentything/
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