PlaceToRent: Global Residential and Commercial Rental Platform

clauming (7)in #money • 6 years ago (edited)

Introduction

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Moving to the topic, The current rental market is plagued by many intermediaries who, without providing any significant value, shore up the rental prices with their commission fees, which makes it less attractive for tenants. In general, intermediaries do not want tenants to meet directly with landlords, which encourages low market transparency, and often encourages them to negotiate higher rates to increase their commissions. In addition, they greatly prefer short-term rentals, since they do not have the opportunity to earn a commission until the next tenant. The tenant in the current rental market is the least informed participant and has the least economic power.

For that, the project I'm going to present you is PlaceToRent (PTRT), first cryptographic real estate rental platform that leverages artificial intelligence and machine learning to help households with a credit history or invisible work access to rental opportunities and affordability. Has designed an integrated ecosystem of commercial and residential rental market driven by decentralized blockchain technology, self-executing smart contracts and utility cards with the aim of reducing the bureaucracy associated with renting a space, capitalize the main opportunities within the rental market and provide users with new beneficial features.

Video Presentation

Definition

PlaceToRent (https://ico.placetorent.com/) is the next-generation rental platform that automates the rental process and leverages artificial intelligence and machine learning to help households with an invisible credit/work history to get access to rental opportunities and affordability. In more detail, it is a decentralized global rent-to-peer platform in the commercial and residential lease space designed to facilitate and streamline the lease process through blockchain technology, providing transparent and efficient transactions while reducing the need for a trusted third party, and offers tools for such underserved segments of the rental population as younger, low-income households to excel in low-vacancy markets.

Goals

The main objective of PlaceToRent is to bring significant value to the rental industry and offer all rental market participants a fair, safe and less expensive experience in the rental process, providing transparent and secure transactions, while reducing the need of supervision by third parties. Moreover, it aims to promote data democracy, increase the level of inclusion in the rental market and expand the number of alternatives for the unattended.

Features and benefits

Feature	Benefits
Free and efficient search for properties with automated pre-approval	The search process will be more efficient and help make faster decisions.
Smart Identity Contracts	To allow the automation of complex identity verification processes and provide value to both sides of the rental market.
Digital Property ID to Expedite Due Diligence	It will allow the creation of a digital identity for each one of them to consolidate the relevant information in digital format.
Smarter decision making	Provide a more open and shared database for all parties involved, allowing the registration and recovery in real time of transactions related to the property.
Option to the Best Tender Offer	It will allow potential tenants the option of submitting an offer of the best personalized rate along with their rental request.
Smart lease contracts	To ensure integrity and help streamline the rental process for its users.
Payment with PlaceToRent chips	To solve many of the problems associated with tedious tasks such as rent collection, rental accounting, payment tracking, maintenance requests and property management.
Performance Rating System	Improve the experience on our platform and provide our users with more usable and reliable data to help them make more efficient and intelligent decisions.
Smart Door Locks	It can provide access to the property without problems, easy and safe.
Smart Matching Tools	It will provide its users with a built-in tool that will match tenants with owners based on predetermined qualifications.
Ability to contract third-party service providers	Allowing third-party service providers to register on the platform by creating a digital profile that includes their services and rates and marketing their businesses to both owners and tenants.
Alternative Financing for Qualified Tenants	to establish the affordability challenges facing the homes of tenants around the world.
Report and problem solving	PlaceToRent will allow its users to connect securely and securely to each other through a control panel that allows tenants to report a problem to their owners.
Dispute Arbitration System	For unsatisfactory performance at work.
Chat Online Powered by AI technology	It will allow owners and tenants to stay connected through an integrated online chat feature - a modern tool that is used extensively in our daily lives.
Rental Rate Suggestion	PlaceToRent will track and suggest rental rates to owners based on the real-time market evaluation of comparable prices in the corresponding neighborhood, taking advantage of their market knowledge to ensure the correct price.

Bounty program

The project gives the opportunity to earn PlaceToRent Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following PDF here (https://ico.placetorent.com/wp-content/uploads/2018/04/Placetorent_Bounty_Campaign_May_2018.pdf), where you can access the link in order to see what are the conditions to become an early PTRT contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (https://ico.placetorent.com/wp-content/uploads/2018/04/Placetorent_whitepaper_2018_eng.pdf). You can also stay tuned in their official Telegram Channel (https://t.me/placetorentico). I hope you liked the post and soon I'll send you new ones.

Tokenomics

PlaceToRent (PTRT) Token is the native cryptocurrency that allows token holders to access the services of the platform. The PTRT token is the settlement unit that provides an essential utility for its users to interact within the platform, and acts as the main driver of the PlaceToRent ecosystem. The PTRT token token will circulate continuously within the PlaceToRent ecosystem and will be linked to all aspects of the functionality.

Token: PTRT
Platform: Ethereum
Type: ERC20
Price in ICO: 1 ETH = 500 PTRT
Tokens for sale: 62,000,000

Token distribution	Funds Distribution

Team

The PlaceToRent team is an interdisciplinary team of dedicated professionals from around the world who are committed to transforming the rental experience around the world using blockchain technology and who have the skills and knowledge necessary to deliver on our great vision.