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 on a blockchain through a seamless dApp and introduce a new model where tenants and landlords can intuitively conduct transactions in different cryptocurrencies, whether they are crypto-savvy or not.
  • 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 at the end of the tenancy 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 via integrated wallets, 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 a multi-currency wallet with intuitive UI that serves as the deposit and withdrawal point, 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 different metaworlds, 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 reward for 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 enhanced rewards and 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
  • Automated deposit release
  • Utility payments disbursement
  • Deed verification
  • Posting promotional material
  • Discounted offers by 3rd party providers
  • Participating in community events
  • Gaining access to pools
  • Executing smart contracts

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 complexity of these contracts tackles the common pain points described in the previous section, mainly: the threat of fraud, payments withholdings, and community disputes. The Contracts are processed in the background and synchronized with a user-friendly interface, so also non-tech-oriented users can benefit from these novel characteristics.

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.

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, which will enable RNB holders to benefit from both available access to liquidity in case of a borrower or rewards for lenders.

Raffles

As a form of rewarding community members and furthering the ecosystem's growth, RNB token holders will be able to participate in periodic promotional raffles.

Discounts

Paying in RNB for services across Rentible's ecosystem will be incentivized.

Vault

All RNB tokens used in transactions across the platform are funnelled 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 until a target cap is reached. This protocol is intended to provide incentives for RNB users and holders and to continuous provisions for the further growth of the ecosystem as detailed in the following 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 less volotaile 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 12d ago