Rentberry is a decentralized long-term rental ecosystem that will use blockchain technology to make the rental process less costly and more convenient and secure. The goal of the Rentberry token sale (“Token Sale”) is to convert our business into a truly decentralized token ecosystem that will reduce the time and expense of long-term rentals for everyone involved, and provide the capital which will allow us to address the growing international demand for Rentberry’s services.
Open and Transparent Rental Platform
Rentberry will use blockchain technology to streamline the entire long-term rental process by making it possible for tenants and landlords to complete all rental tasks in one place. These tasks include:
– Searching for properties;
– Making ofers / bids via the Rentberry auctioning platform;
– Screening prospects;
– Selecting the best / most suitable candidates;
– Negotiating the terms;
– Unlocking rental security deposits;
– E-signing contracts;
– Paying rent;
– Submitting maintenance requests;
– Hiring third-party service providers (e.g., handymen and plumbers);
– Enabling landlords to stay connected with tenants.
The Auctioning Technology acts as a pricing oracle and is part of Rentberry’s Unique Selling Proposition (USP), which allows tenants to bid, sign legal rental documents and settle payments using BERRY tokens, all in one visit to the Rentberry website or mobile app. The application cost for prospective tenants (including access to the Rentberry Auctioning Technology) will be 1,000 BERRY tokens (expected to be approximately $200 USD) per application, of which 50 BERRY tokens (expected to be approximately $10 USD) will be distributed to Rentberry as a fee for using the service and the remaining 950 BERRY tokens will be distributed to the applicable landlord towards an initial payment, as described more fully below. This price includes a U.S. credit score and background report. In the future, we plan to have our own proprietary tenant score and landlord scores, based on activity recordedon the blockchain, and use of these scores will be included in this fee.