The Platform
A gateway for crypto rentals

Short intro to Blockchain

Blockchain technology-based networks allow for fast transfer, creation and storing of digital assets in a tamper-proof secure manner.
Once deployed on-chain, these records cannot be changed, are publically available to everyone with access to the chain, can be called for execution based on set parameter, and verified by the blockchain’s consensus mechanism. Among other attributes, these characteristics allow parties to enter into binding digital agreements via smart contracts and execute transactions trustlessly.

Enter Rentible.io

The focus of Rentible is to create a seamless and efficient platform where participants can benefit from much lower costs than is possible on centralized platforms and to introduce a new model for making rent-related payments with cryptocurrency accessible to everyone, whether crypto-savvy or not.
    Free of costly intermediaries
    Fraud prevention via immutable records of deeds
    Liquidity pool with community staking
    Mass adoption focus & ease-of-use approach
    Token interoperability schedule
Expanded features
Smart Contracts attributes
Base functionalities
Participants
    Immutable Block Data
    Decentralized File Storage
    Staking pool
    Encryption and Data Replication
    NFT
    Community Participation
    Escrow funds management
    Trustless multi-signature agreements
    Token rewards allocations
    Autonomous environment
    Automated listings matching
    Advanced Search
    Scoring system
    P2P interactions
    Upvoting
    DApps marketplace
    Tenants/Landlords
    Related Institutions (University programs, relocation companies)
    Contributors
    DApps developers
    Geo-localized 3rd party services
    Partnered sharing-economies

Overview

Main Development Stack

Rentible combines blockchain technology and a topflight development stack to provide easy access for less technically-savvy users who will be able to intuitively interact via associated mobile and web apps
Tool
Usage
Solidity
Smart Contracts and DApps are written in Solidity, allowing compatibility with a wide range of integrations within the blockchain ecosystem
Ethereum blockchain provides the ability to create a trustless and autonomous environment for various processes, such as - rental agreements conducting and direct transactions between participants. At the core of the system, rental protocols translated to Smart Contracts and executed in DApps gives a new level of accessibility and use cases to users
Python, NodeJS & Java
Scalable backend structure by microservice architecture
Vue.js
Modern JS front-end app in order to manage staking pool and real-time events efficiently
React.js
Resource-saving toolkit for smooth iOS and Android mobile app development
In addition to general functionalities, the mobile app will also serve as a designated wallet of RNB tokens with an intuitive mobile experience
Amazon Web Services
Cloud hosting for scaling and advanced instance management
Cloudflare CDN & Firewall
Network edge optimisation and DDOS protection

The Rentible Ecosystem

Rentible is a multi-layered ecosystem that will serve the crypto community and open a door to new members to enter into the crypto world via intuitive UX.
The Rentible.io platform is a next-generation edge-to-edge rental experience that uses decentralised infrastructure with smart contracts to elevate sharing-economies to the blockchain era. In addition to the "standard" features of listing, smart search, and screening, Rentible will introduce new functionalities made possible through decentralisation such as Rental Agreement supported by smart contract and verified on the blockchain; Immutable records to eliminate fraud and scams; and direct payments via integrated wallets.

Seamless Payments

Through a direct payment system, users can choose their preferred payment method and specify how they wish to send/receive ongoing payments.
For example - landlords can request rent payment in a specific cryptocurrency, a multi-currency wallet with intuitive UI that serves as the deposit and withdrawal point, while $RNB is used as an intermediary currency.

The RNB Token

Functionalities across the Rentible ecosystem will be accessible by using the RNB token. RNB will also serve as a measure to keep the ecosystem neutral; to benefit from enhanced rewards and discounts, and cab be recouped for the equivalent FIAT value on external exchanges.
The RNB token is integral to incentivising users and strengthening the reach of the platform to provide additional value and an enhanced user experience.

Use cases Examples

Use cases for the RNB token include utilizing services across the ecosystem, calling smart contracts, participating in community discounts, and gaining access to community pools.

Services

    Property Listing
    Highlighting features
    Automated deposit release
    Automate utility payments disbursement
    Accessing screening protocol
    Title deed verification
    Posting promotional ad
    Employing 3rd party and partners services
    Entering Agreements and executing Smart Contracts

Smart Contracts

The focus of the functionalities will revolve around two core smart contracts: Deposit, Agreement, and a proposed later contract via a dedicated governance token which will facilitate Resolution. The complexity of these contracts tackles the common pain points as described in the previous section, mainly: the threat of fraud, transactions, and community disputes.
The Smart Contracts are constantly synchronized with the user interfaces (mobile and web app), so also non-tech-oriented users can benefit from these novel characteristics.

Token Holder Access

Stake and Earn

Early adopters of the RNB token will be able to stake their RNB in an accelerated staking pool and earn rewards on their deposits. The accelerated staking feature will be available for 12 months and will allow early adopters to be generously rewarded for staking and providing liquidity. Rentible has dedicated a total of 350,000 RNB as rewards over the staking period.

Community loans

Rentible seeks to resolve the pain point of limited access to liquidity via establishing access to community loans, either through an internal loan pool, in which holders of more than 500 RNB tokens will be eligible to access the pool and request a loan for their deposit while using their crypto as collateral, or via collaboration with a 3rd party DeFi venture.

Raffles

As a form or rewarding community members and further the ecosystem's growth, community raffles in which RNB token holders will be able to participate are planned to be held. The raffles will include the chance to win a token prize by purchasing lottery tickets with RNB. The prizes to be shared will amount to 90% of the tokens used to buy lottery participation tickets, with the remainder being used to hasten token allocation into the vault.

Discounts

Paying for services in RNB across the Rentible platform will benefit token users with substantial discounts.

Vault

All of the transactions made on the platform are funneled into a proprietary wallet where the RNB token will be stored. Through a wallet, users will be able to pay for services using RNB tokens directly sourced from an exchange, which will be sent to the vault following a transaction.
The vault will also serve as the liquidity provider of RNB tokens for users who wish to pay or purchase RNB tokens with FIAT. The surplus tokens in the vault will be used to further expand the marketing and growth operations of Rentible.

Rewards Aspect

A removal mechanism will ensure the collection of RNB tokens from the circulating supply and locking them in the vault until a target cap is reached. This protocol is intended to provide incentives for users of Rentible and holders of RNB token alike, and to support the further growth of the ecosystem as detailed further in the tokenomics chapter.

Challenges

Volatility

Cryptocurrencies are naturally exposed to external market forces which affect their price movement. As a first step, the RNB utility token will chiefly serve as a tool for streamlining the leasing process within the Rentible ecosystem and to enable the platform’s functionalities, which will include making rent payments with more mature and stable cryptocurrencies such as ETH, BTC, and numerous others.

Regulation

The crypto sphere is still in the initial adaptation stages and as such is expected to be affected by regulation at some point.
As a growing number of senior figures in the economic sector such as Mark Cuban and Jim Breyer, and top tier companies including IBM, Nasdaq, Hitachi, and Daimler AG, amongst massive funds are publicly shifting favorably towards cryptocurrency, regulation of the crypto markets is expected to also generate positive attributes as well as guarantees and incentives to crypto holders.
Last modified 26d ago