With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Rento is a global exchange platform for businesses and individuals that allows you to rent assets.
"Renting marketplace is notoriously controversial. It is uneven and fragmented. In a nutshell, it consists of a multitude of niche markets with different rules. The state laws can significantly vary, while different municipalities impose additional regulations and policies. Renting is a fertile ground for fraud, since there is no uniform database and data have to be transferred between different systems.
There is no clear mechanism for determining the property ownership since county registries operate under archaic guidelines. Reporting a delinquent tenant or borrower can be burdensome, and only a few big landlords or owners do that on a regular basis. Security deposits is also a significant problem for the industry. It put considerable weight on the tenant or borrower, while the money remains frozen on the bank account for the duration of the lease. All those issues can be effectively solved through the implementation of the blockchain-based technologies."
With that being said, Rento is a sharing economy platform for individuals and companies who want to take part in a trend of swaping term 'own' for 'rent'. No matter what type of item or service you want to find or offer, Rento enables you to do it quickly and conveniently. With Rento, you save money, space and time. Anything you want at your fingertips.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is RENTO?
Rento is a global exchange platform for businesses and individuals that allows you to rent assets. Unlike competitors in the marketplace, Rento provides rental of objects to people, rather than just focusing on one market (cars, apartments). In addition, Rento uses blockchain technology to enforce a strong economy through smart contracts, secure rental conditions that they meet and parties can accept each other to provide and return products or services. Rento examines the economic exchange of everyday life of people around the world, reduces waste in the economy and allows many people to use various services and products without having to bear the costs of each item
Furthermore, Rento is an app connecting business owners with clients and rental services with users. It also makes room for the development of sharing economy. Why buy a rotary hammer if your neighbor has one in his garage? Why should your vacuum cleaner stay in the closet for 90% of the time if you can rent it out? On top of that offering your services in Rento gives you additional earning opportunities. And most importantly, why use several different apps to book, rent or share, if all of your needs can be met by just ONE app? Rento is a game changer for millions of devices, books, vehicles and other things that collect dust instead of profits for their owners.
Rento creates an ecosystem for the development of sharing economy. Not only can you reduce consumption, but also profit from sharing unused things you already own. At Rento take care of our investors. By producing cutting edge blockchain technology for securing transactions between users, we create demand for Rento token. While using our blockchain will be optional on our app, it is safe to assume that more users we have the more our token will be worth.
Rento aims to promote the economy along with unknown industries. He can face fierce competition from the players. AirBnB, which works for real estate leasing / leasing, and Turo, has worked to rent private cars, is one of the main competitors. However, this competition is limited in some and in some items provided. As an example. AirBnB only focuses on leasing space for entertainment, because many people also need temporary office space. Maybe not in many geographical regions. In addition, no one joined the company. For all businesses, there are many types of devices that can be shared among people but there is no way for people to access other people’s devices, and there is no suitable way to check their reliability. reliable from the system.
Rento makes new innovations along with the development of the world of cryptocurrency, Rento also offers you an altcoin token that is no less sophisticated than other altcoins, even though the new altcoin is a relatively competitive price on the cryptocurrency market.
The Key Features
Everything you want just a click away
Millions of devices and products that are just lying around can be put to USE!
All your needs can be met by one interactive, intuitive App.
Profit from Rento
Find out what are the benefits of being a Rento Token holder!
We put security and safety of transactions above all else. That is why we are implementing blockchain into our system!
All transactions will be done with cutting edge technology! Join us in a new era of renting and sharing.
Environment for business
We are creating a global network of business and clients. An ecosystem for the sharing economy.
Think globalACT LOCAL!
By developing possibilities for sharing, we are reducing consumption in the world. Rent out unused devices and make sure our globe is not being polluted!
Enjoy the luxury of having options. Don't limit Yourself. Rento - freedom of choice.
About The Rento Ecosystem
The Benefits for Rento Token Holders
The lowest price for Rento tokens, which will be used as a fee on RentoBlockchain
It’s easier for ICO participants to become Rento Model Store franchise owners
The cheapest deposit for Rento Model Store Franchises
Helps share economic growth
Possibility to become a RentoShare holder, after we receive the license
After issuing Security Tokens, shareholders will receive dividends from company profits
Token and ICO Details
Rento token is an ERC-2O Token, set to be the utility token of the Rento ecosystem, Rento token will be used to create smart contracts, pay for rentals and also for transaction fees on the Rento platform.
Rento token Specifications are:
Token name: Rento
Ticker Symbol: RTO
Start of public sale: 10/16/2018
End of public sale: 1/31/2018 (2/28/2018 optional)
Total supply: 600,000,000 RTO
Decimal places: 8
Token standard: ERC20
Network base: Ethereum Network
Tokens for sale: 264,000,000
Owners tokens: 305,000,000
Bounty tokens: 6,000,000
Tokens for team and advisors: 25,000,000
Price range for token sale: $0.01 - $0.12
Distribution of Funds
60% Technical Development and Team
23% Marketing and Business Development
3% Legal expenses
7% Reserve fund
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
White paper :https://rento-app.io/assets/whitepaper.pdf
Social media links
Reddit : https://www.reddit.com/r/Rento/
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.