This is one of those research works I find myself doing, and I must admit that I'm not disappointed in indulging in this one, whatever throws more eyes of exposure to the blockchain buys my attention. Notably, blockchain technology is becoming an innovative solution, it's one that can not really be ignored or underlined. It's earning the interest of the open world as the day passes on, much notably is the fact that blockchain picks business out of the shadows of centralized powers.
Rental businesses have undoubtedly been one of the most lucrative in the markets, though it comes with its flaws of high cost capitals and cost of maintenance, but however, this not being the case, it has rather been a pain in the back for customers. The markets have suffered a couple obvious things, including fraud, roughly more than £918 million have been noted as an annual loss to fraud. With the current business structure and running service model, I am not quite surprised. This not being the only flaw, research shows that up to 17% price increase is observed by intermediaries, limited direct access to liquidity, property deposits unjustly withheld by agents, and personal data manipulated by large companies. Rentible also noted the market flaw which is the lack of a user friendly, ready for mass adoption platform enabling P2P rent related-payments in cryptocurrency.
While the last section was readily related to the crypto space, prior mentions have been largely ignored downsides of rental services. However, with blockchain as usual, this can be fixed. Much precisely, rentible aims to integrate a groundbreaking solution, bringing decentralized-Proptech to the masses and enabling tenants and landlords to conveniently send and receive rental payments in different cryptocurrencies, while streamlining market verticals. reference
Nothing big, you may think, but this is about shining a light on the merits of blockchain technology.
Rentible being a crypto and blockchain powered project, comes with a few features of advantages.
IMMUTABLE RECORDS
The biggest advantage of blockchain technology is transparency. Following this up, rentible offers Tamper-Proof records to eliminate risk of fraud, widespread scams, theft of private data and manipulation of privacy. There's a huge downline in major businesses of the world, majorly caused by the lack of system of accountability, this gives room to fraudulent activities in most cases. But with the power of blockchain technology, it's a path created for better user experience, reducing the risks of loss and personal attacks.
DECENTRALIZED ECONOMY
With fat fingers and open spaced throats dominating the financial system, centralization of funds becomes a costly demerit. However, crypto structurises the economy in a different way, where it eradicates central domination and puts forth an even flow of power across networks. Rentible features in this aspect, promoting decentralized Sharing-Economy, free of redundancies, outdated intermediaries, inflated fees and high commissions.
Couple with this, rentible features a liquidity where token holders can benefit from generous rewards on deposits or opt for IL protection, autonomous contracts, enhancing trustless smart contracts to enforce the validity and effectiveness of multi-signature agreements across borders, and lastly, a fully-blockchain-integrated Proptech platform where tenants and landlords can seamlessly send and receive rent payments in different cryptocurrencies.
Big deal, looking at how it could help shape real estates and smaller rental businesses. Rentible crypto price is currently trading at $0.887586 per token, with a 15.3% drop, a $82,084 24hrs volume according to coingecko. Rentible has a max supply of 3,500,000 tokens, with a market cap of $1,559,524. Uniswap V2 is currently the most active market.
