RELEST- The Surest Platform To Get Your Property Leased out.

phillip-olamide (27)in #ethereum • 7 years ago

Considering the whopping influx of people into the real estate business, there is need for a rental platform that can create a win-win situation which apparently would be beneficial to landlords, Realtors and tenants. As a lessor and a huge fan of crypto currencies, I have been doing some findings on such a platform which would also work on crypto currencies and I think I've found just the perfect one:- RELEST

RELEST is a Pair-2-Pair real estate rental platform that works on auction of properties to be leased by either landlords or Realtors. Relest is available as a website and Android/iOS apps. Payment and interaction on this platform is P2P as there wouldn't be intermediaries interfering. Payments and settlements would be made on this platform using the platform's unique crypto currency Real State Token "REST". REST is the fuel of the relest ecosystem and would be used to perform various transaction on the platform. The beauty of this token is it can be converted to fiat currencies using a tied bank card.

How the Auction would work.

A landlord sets a certain amount and time-frame for a property he chooses to lease out and publishes it. Potential renters makes bid for this property. After bids have been made, the landlord's contact details are sent to the highest bidders. If for any reason there are hiccups between the landlord and bidders to whom the details were sent, the details would be sent to other groups to lubricate the system and keep the queue moving.

This is equally applicable to realtors, although in the case of realtors, they are allowed the choice of including a bid increment or publishing the original rental amount.

Unique features of Relest

Asides being the pioneer of this Kind of platform, the following features are employed in Relest:

Reliability of the system: The system creates a win-win situation for every participant and user as the demands of everybody are met. Landlord gets his contact sent to bidders in a timely-manner, Tenants equally get the best choices based on their bids, Realtors can earn from publishing of properties they are in charge of, everybody goes home smiling. The reliability of the system is further reassuring in the P2P architectural operations.
The platform is packed with amazing features to aid lessors and lessees. Features such as:

Allowing geo-location determine the time and proximity of the property on auction to the tenants place of work or a place he chooses.
Allowing the use of camera to take 3D photos of properties.
Clean and easy-to-use interface that offers a user area where details and other informations about the user can be seen.
Allowing free based services
Allowing subscription based services such as access to file sharing between landlords and tenants, chat services, drafting of lease agreement.

Use of an ERC-20 standard compliant token for performing transactions and mutual settlements between landlord and tenants.

Crowdsale/ICO

The ICO flagged off 18th September, 2017 although an initial 2-weeks was planned for the ICO but information reaching me via the Relest Facebook page as at 20th of September, says that the ICO didn't get off a smooth start. At such, if the softcap isn't reached before then there would be a second stage of the ICO. Now, considering the beauty of this project there would be an unending want for REST and there's a possibility that the softcap would be reached. If it isn't, I'll advice the purchase of this token at this initial ICO because there will be an exchange of tokens bought at this initial ICO for an additional 100% new tokens during the second stage of the ICO. Besides, there wouldn't be bonus at the second stage of the ICO.

Having said that, let's get through the fact and figures of the ICO:

Total supply would be equivalent to all tokens sold and would be equated to 70% of all issued REST
1 REST is equivalent to 0.001 ETH I.e 1 ETH equals 1000 REST

Rest would be sold at discounted rates of;

The first 2 hours: 1.5 REST = 0.001 ETH (+50%).

The 1st day (excluding the first 2 hours): 1.3 REST = 0.001 ETH (+30%).

Days 2-7: 1.15 REST = 0.001 ETH (+15%).

Days 8-14: 1 REST = 0.001 ETH

The remaining tokens would be shared to the team, reserve and bounty campaign. You can help promote this project through the bounty campaign via this link:

https://bitcointalk.org/index.php?topic=2069615.0

Funds gotten from this ICO has been planned out to be judiciously used for development, further promotion, market coverage and obtaining legal services.