The Platform
Mainstream-focused dApp for real-estate management and crypto payments

Short intro to Blockchain

Blockchain technology architecture allows for faster transfer, creation and storing of digital assets in a tamper-proof secure manner.
Once deployed on-chain, these records are unchangeable, publically available to everyone with access to the chain, can be called for execution based on defined parameters, and are 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 autonomously.

Rentible

Rentible aims to establish a first-mover platform for managing real estate rentals on a blockchain through a seamless dApp and introduce a new model where tenants and landlords can intuitively send or receive rent payments in different cryptocurrencies, whether they are crypto-savvy or not.
In addition, the Rentible marketplace will include alongside brick-and-mortar residential properties, also commercial properties, coworking spaces, and virtual real-estate transactions.
  • Free of redundant intermediaries
  • Fraud prevention via immutable records
  • Mass adoption focus & ease-of-use approach
  • Virtual and actual properties
  • First-to-market platform for a massive untapped industry
Expanded features
Smart Contracts attributes
Base functionalities
Participants
  • Immutable Block Data
  • Decentralized File Storage
  • Accelerated staking pool
  • Encryption and Data Replication
  • NFT and META properties
  • Community involvement
  • Funds management
  • Trustless agreements
  • Token rewards allocations
  • Autonomous environment
  • Automated listings matching
  • Advanced Search
  • Reviews system
  • P2P interactions
  • Marketplace
  • Tenants/Landlords and virtual land commerce participants
  • Related Institutions (University programs, relocation companies)
  • Contributors
  • NFT creators
  • Localized 3rd party services
  • Partnered sharing-economies
  • Real-estate firms

Overview

Main Development Stack

Rentible combines blockchain technology and a topflight development stack to provide easy access to 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
As the most mature blockchain, Ethereum makes it possible 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 to users
Python, NodeJS & Java
Scalable backend structure by microservice architecture
Vue.js
Modern JS front-end app to efficiently manage staking pool and real-time events
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 next-generation platform that moves the entire rental process, from finding a property and signing the rental contract to the autonomous release of the deposit and everything in between, into a streamlined decentralized architecture, advancing sharing-economies into the blockchain era.
In addition to the basic features of a digital marketplace, Rentible will introduce new functionalities made possible by blockchain technology. These include: concluding rental agreements supported by smart contracts and verified on the blockchain; immutable records to eliminate fraud and scams; rent-related payments using cryptocurrencies, lower costs via decentralization, and leasing and trading of virtual metaverse properties across different worlds.

Rent-payments transactions

Through a direct payment system, users can choose their preferred payment method for rent.
For example - landlords can request rent payment in a specific cryptocurrency through an intuitive UI that records the transactions for easy access and proof of payment, while RNB is used as an intermediary currency.

Metaverse properties

Participants will be able to browse, buy, sell, trade or lease NFT backed virtual real estate across the metaverse, posing a unique opportunity for high yield transactions in this emerging space.
For example, an owner of land in a metaverse can lease it to other parties or corporates to hold events, venues or open an eCommerce store, transforming it into a yield generating commercial property. This land can be sold later for a higher price, in the same trajectory of a real-life property.
Transactions of virtual land sales will incur a fee, a percentage of which will be used as an incentive and distributed as rewards among RNB token holders to encourage community involvement.

The RNB Token

RNB is the utility token of Rentible's platform. It is used for accessing functionalities across the ecosystem and benefiting from rewards and enhanced discounts to holders. RNB also serves as a measure of keeping the ecosystem neutral and as an incentivising device for strengthening its reach.

Use cases Examples

  • Property Listing
  • Highlighting features
  • Executing smart contracts
  • Accessing rental-payments module
  • Publishing promotional material
  • Benefiting from discounted offers by 3rd parties
  • Participating in community events
  • Accessing staking and rewards distribution

RNB Benefits and Fee Structure

As a community-oriented ecosystem, RNB holders that provide liquidity to support the platform's operation will earn rewards. The exact APY and different tiers for contributors will adjust from time to time following market possibilities and special promotions.
The below fees and rewards structures will be added to the platform over time as it expands and are not part of the initial beta stages. Until then, the available staking programs can be used.
Fixed Rewards
A "tier structure" for liquidity providers offering Fixed Rewards that are calculated and claimable daily.
For example:
Tier
RNB holding
Rewards in %
I
500-2499
TBA
II
2500-9999
TBA
III
10000+
TBA
In addition to the Fixed Rewards, community supporters will also be entitled to Transactional Rewards from all transactions across the platform (such as deposit and rentals smart contracts, Metaverse Leasing, and Tokenized Marketplace transactions) calculated by their corresponding share from the total liquidity providers contribution.
  • Transactional Rewards = 5% of all fees collected are to be allocated to distribution among holders ("Daily Staking Reward Allocation")
  • User share = contributed RNB by user / total RNB contributed by holders * Daily Staking Reward Allocation

Fee structure for services

Brick and Mortar properties 🏘️

  • Listing fee - paid in RNB
  • Deposit Smart Contract - paid in RNB
  • Lease Agreement Smart Contract - paid in RNB
  • Highlight listing - paid in RNB
  • Credits packages - paid in RNB

Virtual properties 🪐

Leasing
Through a proprietary Smart Contract, owners of virtual properties across the Metaverse will be able to publish their NFT backed virtual real-estate for rent while other users can borrow and utilize properties as commercial venues.
  • Listing Fee: Free of Charge
  • Transaction Fee: A fixed percentage estimated at around 1.5% of every successful leasing transaction will be charged when the leasing period starts, a portion of which will be distributed among community members as rewards.
Tokenized Virtual Property Purchases
As virtual property prices soar, many crypto owners can't afford to buy virtual land. As part of the Metaverse marketplace on the platform, we aim to include tokenized property sales which will allow the formation of purchase groups in which individuals can join resources to buy a virtual property together and obtain fractionalized ownership of the property.
Transaction fee: a planned 1.25% of all tokenized virtual property ownership rights will be charged as a platform fee, alongside 1% of the total transaction, a portion of which will be distributed among token community members as rewards.
At a later stage, proposals to participate in specific tokenized virtual property purchases may be announced by members in a planned DAO.
Ecosystem - General
  • Agency memberships - paid in RNB*
  • Media spots - paid in RNB*
* when applicable (a feature for Buying RNB with a credit card on the site will be included)

Smart Contracts

The focus of the functionalities will revolve around two core smart contracts: Deposit Agreement and Lease Agreement, and a proposed later contract via a dedicated governance token which will facilitate Resolution Agreement. The contracts tackle the common pain points described in the previous chapter.
The Smart Contracts are processed in the background and synchronized with a user-friendly interface to enable also non-tech-oriented users to benefit from the innovative characteristics of blockchain technology.

Token Holder Access

Accelerated staking

Early adopters will be able to stake their RNB in an accelerated staking program on Uniswap. Rentible has dedicated 350,000 RNB, 10% of the total supply of tokens, as bonus rewards for liquidity providers and supporters in the early stages of the project.
For guidance on staking and rewards schedule, refer to the Medium article here.

Single-Sided staking

Bancor DAO has co-invested 100.000 BNT (~$400K) in whitelisting Rentible, including impermanent loss protection for single-sided liquidity providers.
Refer to the Medium article here for a detailed guide on single-side staking.

Locked-period staking

Liquidity providers can also stake RNB on PancakeSwap, with up to a space of 250.000 RNB is available for staking, with a max APY of 75% when rejoining the program consecutively.
For joining the staking program on PancakeSwap, click here.

Rental loans

Rentible seeks to provide easy access to community loans, either through an internal community pool or via collaboration with a 3rd party DeFi service provider.

Discounts

Holders of RNB will be incentivized via discounts across the ecosystem.

Vault

RNB tokens used in transactions across the platform are funneled through a wallet designated as a "vault". The vault serves, among other functions, as the liquidity provider of RNB tokens for users who wish to purchase RNB or pay for services across the platform with Fiat.
A removal mechanism will ensure the collection of RNB tokens from the circulating transactions and place them in the vault. This protocol is intended to provide continuous funds for further growth of the ecosystem.

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 other more mature and less volatile cryptocurrencies.

Regulation

The crypto sphere is still in the initial adaptation stages and is expected to undergo regulation reform.
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 favourably towards cryptocurrency, regulation of the crypto markets will also generate positive attributes as well as guarantees to crypto holders.
Last modified 2h ago