What Is Rentberry?
Founded in 2015 and headquartered in San Francisco, California, Rentberry is a long-term rental platform. Rentberry has more than 120,000 users and 224,000 properties on their platform and has raised $4 million through venture capital funding.
In contrast to many other companies launching token sales, Rentberry already has a functioning platform. It now seeks to leverage blockchain technology to ensure seamless rental experience and allows for crowdsourcing to help tenants unfreeze millions of dollars tied up in rental security deposits.
As a home rental service that automates standard rental tasks like submitting personal information to be approved for a rental to credit reports as well as e-signing rental agreements and submitting online rental payments, it lets the renter seek out lenders for their security deposits on a blockchain focused platform.
Instead of paying $2,000 in a security deposit for a rental, the site provides a rating of each renter based on their past financial behavior. Rentberry matches the renter to lenders, who in turn pays the security deposit. The renter will then pay the lender a fixed amount including interest over a fixed period of time.
“So instead of paying $2,000 in a security deposit for a rental, the renter is paying $7 per month for a fixed period,” said Lubinsky, Rentberry CEO, who hopes to expand the company in the U.S., but also internationally.
“We’ve already built the technology for the Canadian market. There is no set date for going live in Canada yet because right now the focus is on the ICO.”
Using Rentberry, landlords and tenants in countries across the globe will have the opportunity to enjoy a transparent and universally applicable platform for long-term rentals. Rentberry seeks to,
- Eliminate the need for the agent/broker model (and associated expenses) by allowing landlords and tenants to complete all rental tasks online in a peer to peer manner.
- Establish a uniform international standard of rental procedures that will benefit expats and migrants living and working in new countries.
- Provide a crowdsourced security deposit network that will allow tenants to reduce the amount of their own money they need tie up in their rental security deposits.
Rentberry streamlines the long-term rental process by allowing landlords and tenants to complete all rental tasks at one place such as searching for properties, making offers, screening candidates, negotiating terms, unlocking security deposits, E-signing contracts, paying rent, submission of maintenance requests, hiring service providers and enabling landlords to stay connected with their tenants.
BERRY tokens are used by landlords to promote listings, increase reach and visibility. All payments on the platform will be executed in BERRY tokens. A tenant's personal information, stored on the blockchain, will only be made visible to the landlord when the tenant makes a rental application using their private key/wallet on their mobile and/or web app.
The Rentberry Team
- Alex Lubinsky – CEO
- Lily Ostapchuk – CPO
- Aleksey Perfilov – CTO
- Serge Gritsenko – COO
- Denys Golubovsky – Blockchain Developer
Rentberry ICO Details
- Platform – Ethereum(ERC20)
- Presale – December 5, 2017 to January 26, 2018
- Crowdsale – January 26, 2018 to February 28 2018
- Hard cap – 500,000,000 BERRY
- Price per token – 0.0006 ETH
Rentberry is a platform with outstanding reputation in the home rental industry. The whitepaper provides a clear, exhaustive and in-depth roadmap for the project ahead. This is a project with promise aplenty!