PLACETORENT:DISRUPTS THE RENTAL INDUSTRY IN A DECENTRALIZED WAY POWERED BY BLOCKCHAIN-TECH.
In the recent years, the rental industry is rapidly changing. There is no gainsaying that the rental industry is not witnessing its most aggressive development in recent history.
The success of this industry is understandable and very much expected. It is not that the other industries has failed or couldn’t provide what we need, but we live in a world where properties and assets coupled with financial stability are of paramount importance. We like to make choices and options.Rental industry,investment/properties are surely going to become the leading market in ecological systems. However, this industry is not without flaws and imperfections. There emerged an urgent need to revolutionize and restructure the rental industry by providing solution to its current problems faced. This development is powered by blockchain technology that
will be efficient, beneficial, and inclusive for all
market participants including tenants and landlords worldwide.
It has been foreseen that the rental
industry would drive the ecosystem using blockchain powered technology based on smart contracts and will also play a much larger role in
the rental market, by potentially transforming and revolutionizing the
property-related transactions including
renting/leasing, management and rent/bill
payments by means of utility tokens. All these and many more are the energy-drive behind PLACETORENT's innovations.
WHAT IS PLACETORENT?
Disrupting the Rental Industry,PlaceToRent is poised to revolutionize the traditional rental industry standards worldwide to ensure a seamless rental experience which will allow the entire rental process to be completed online efficiently, transparently, and securely.
KEY FEATURES OF PLACETORENT
Landlords will be able to hold open houses for prospective tenants without being physically present at the location by sending an electronic key to their prospective tenant’s smartphone
The Smart Lock will also allow tenants to assign electronic keys to family, friends or welcome third parties, and to revoke access to their property at anytime. With a Smart Lock, tenants will enjoy convenience and security by confirming the lock status of their apartment on their smartphone at any time.
For tenants, the evaluating criteria will include payment history, property rules compliance, property damage claims, eviction history, schools attended, area of study and other relevant information.
HOW WILL THIS BE SOLVED?
PlaceToRent is a decentralized peer-to-peer (P2P)
global platform in the space of both long and short term residential and commercial rentals, such as
homes, apartments, office, retail, and industrial
space. They seek to;
*Ensure the capturing of real estate rental
markets worldwide.
*Free Efficient Property Search with Automated Preapproval.
Smart Identity Contracts, place to rent ensuresthe automation of complex identity
verification processes and provide value to both
sides of the rental marketplace.
- Place to rent would make use of Smart Tenancy Contracts to ensure and enable the integrity of its users and help stremline the rental process for its
users as well.
*Payment with place to rent tokens making the renting process a easier and swift one.
TOKEN SALE
The initial Token Pre-Sale will start on June 4, 2018 06:00 Los Angeles Time (PST) and will end on July 3, 2018 23:59
Los Angeles Time (PST). The main Token Sale will commence on July 4, 2018 00:00 Los Angeles Time (PST) and
will conclude on the earlier of (i) September 25, 2018 23:59 Los Angeles Time (PST); or (ii) upon the amount of
contributions received reaching $30 million USD (Hard Cap). PlaceToRent may extend the token closing date, in
its sole discretion. Each extension period is thirty days and may be exercised up to three times. Upon token closing
(or after the last extension exercised), in the event that PlaceToRent has not received a minimum of $1 million USD
(Soft Cap) in contributions, the funds will be returned to contributors (less any applicable transaction fees).
The minimum purchase amount shall be 0.2 ETH, or 100 PTRT Tokens (1 ETH = 500 PTRT tokens). Ownership
of at least 1 full PTRT token will grant access to the PlaceToRent platform upon tokenization.
There will be a total of 100 million PTRT tokens issued, out of which 62% will be allocated to the Token Pre-Sale
and Sale. The final number of tokens will depend on the bonuses issued during the token sale. All unsold tokens
will be burned. The number of PTRT tokens to be received by a contributor will depend on what period of the token
sale the contribution is made, as determined by the PTRT token allocation schedule below:
June 4, 2018 06:00 Los Angeles Time (PST) – July 3, 2018 23:59 Los Angeles Time (PST)
1 ETH = 500 PTRT + 40% Bonus
July 4, 2018 00:00 Los Angeles Time (PST) – July 17, 2018 23:59 Los Angeles Time (PST)
1 ETH = 500 PTRT + 35% Bonus.July 18, 2018 00:00 Los Angeles Time (PST) – August 14, 2018 23:59 Los Angeles Time (PST)
1 ETH = 500 PTRT + 25% Bonus
August 15, 2018 00:00 Los Angeles Time (PST) – September 25, 2018 23:59 Los Angeles (PST)
1 ETH = 500 PTRT + 15% Bonus.
In conclusion, with the technological advancements being put in place, place to rent is sure to bringing a
significant value to the rental industry and providing all rental market participants with a fair, secure and less costly
experience within the rental process by removing many of the existing inefficiencies in key processes. Place to rent however is a game changer!
USEFUL LINKS:
Website: http://PlaceToRent.com
Twitter: https://twitter.com/placetorent?s=08
Telegram: https://t.me/placetorentico
BitcoinTalk ANN Thread: https://bitcointalk.org/index.php?topic=4266539.msg38532439#msg38532439
Author:Ednar
Bounty0x username: Ednar