Rentberry Takes Advantage of the Blockchain to Create Seamless Rental Experience January 25, 2018 – Posted in: News
Rentberry, a decentralized home rental platform, is now in the middle of the Initial Coin Offering. The platform is taking advantage of the smart contracts and blockchain technology to bring innovation to the rental space. Thereby, the rental process becomes more convenient, transparent, and secure, for both landlords and tenants. They are utilizing the blockchain technology and smart contracts to eliminate any middlemen and cover the application process, rental auction, agreements, rent payments, crowdsourced network, reviews and ratings, etc.
Rentberry is really standing out among many ICO projects, as it has been established back in 2015 and has successfully raised $4 million in seed funding. Today, Rentberry is an already operational platform with over 120,000 users and over 224,000 properties processed.
So why would Rentberry need a token sale? The thing is, the company is willing to transform its business to a fully decentralized token ecosystem and get the capital which will allow them to address the growing international demand for Rentberry’s services. The ICO has started on December, 5th, 2017, and will last until February 28th, 2018. Thereby, the soft cap of $3 million has been raised within just 48 hours.
Rentberry partnered with Cryptonomos to perform the Token Sale and is using their book building platform in order to manage the Token Sale (including the KYC process).
In terms of the token allocation, Rentberry is going to allocate 70% of the BERRY tokens to the token sale, 20% of the tokens will be part of the Rentberry Reserve, and 10% of the tokens will be distributed among the founders and employees.
The proceeds from the token sale will be spent as follows:
To read more details and participate in the Rentberry's ICO, visit the official website.