Rentything Rentything (RTC)

Description:

Rentything is the world’s first decentralized peer-to-peer (P2P) online renting platform using blockchain technology to build a trustable and transparent platform to encourage collaborative consumption and environmental conservation. Rentything’s platform will only use RentyCoins. P2P renting refers to the process of an individual renting an owned good, service, or property to another individual. It is also referred to as person-to-person rental, collaborative consumption, the sharing economy and product service system. For Rentything, P2P renting, is mainly used to describe online-enabled rental transactions between individuals. The rapidly growing demand for collaborative consumption is enabled by a combination of the following trends: - Networking infrastructure and high-bandwidth penetration reaching a level allowing social networks and consumer-to-consumer marketplaces - Limited storage space in dense urban environment preventing consumers from keeping all the goods they occasionally use - Increasing environmental concerns of consumers leading towards limitations of waste of resources and over-consumption - Evolution of consuming behaviors from owners to users

Category: ❖Trading & Investing
Hype: Low
Rating: 3.0/10
Project Type: Blockchain
Platform: Blockchain
Location: Hong Kong
Total Supply: 50,000,000
Soft Cap: 350 ETH
Hard Cap: 3,500 ETH
ICO Price: 10,000 RTC = 1 ETH
Accepting Currency: ETH
KYC: Yes
Whitelist: Yes
Fund Distribution:
  • 30% of company profit goes towards bonus distribution. Distributions are accrued quarterly. Transfer to token holders wallets will be made during the week after accrual.
  • 30% of profit goes to buying up RentyCoin on the market with the aim of increasing their market value. Should there be a shortage of RentyCoin on the market, the unspent profits will be considered additional profit and bonuses increased accordingly. The bonus type of RentyCoin will contribute to the growth of the market value of RentyCoin, as well as the stable redemption of tokens from the market by the issuer. The remaining profit will be injected back into the business to drive user growth through referral programs and to increase our expansion through marketing and PR. We believe that the best way to protect our users is having constant positive cash flow generated by Rentything.

Start Date

February 28th 2018 05:00 UTC

Days Hours Minutes Seconds

End Date

June 30th 2018 00:00 UTC

Days Hours Minutes Seconds

Team

Wallace Ma

CEO

Spark So

COO

Jimmy Ng

CTO

Peter Britten

Project & Delivery Manager

Advisers

Wilfred Chan

Thomas Chan

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