RENTO proposing a global sharing platform for businesses and individuals that allows the renting of underutilized assets. Unlike competitors in the market, RENTO will rent any item to any individual rather than focusing simply on one market (cars, apartment share). Furthermore, RENTO leverages blockchain technology to implement a trusted economy through smart contracts that ensure rental conditions are met and that the parties can count on one another to deliver and return the product or service. RENTO aims to introduce the sharing economy in the daily lives of people everywhere, reducing waste in the economy and allowing more people to enjoy a variety of services and products without having to shoulder the cost of owning every type of item they use.
MARKET
Smartphone users in Europe are the primary target market for the RENTO Platform and App. Because of Europe’s high smartphone penetration, it offers the ideal demographics for RENTO ’s initial launch.
COMPETITION
RENTO aims to expand the sharing economy to untouched industries, and it will quite likely face stiff competition from established players. Airbnb, operating in the hospitality/real estate rental space, and Turo, operating in the personal car rental space, are among its primary competitors. However, these competitors are limited in both their reach and the range of items offered. For example, Airbnb is focused only on the rental of vacation spaces, whereas many people need temporary office space as well. Turo is not operative in many geographical areas. Furthermore, none of these cater to businesses. In business, many types of equipment can be shared, but there is no convenient way to get access to other people’s equipment, and there is no assured way to verify trust within the systems. From farming to construction to office equipment, the potential for the sharing economy is tremendous.
MISSION
Enabling people to become a part of the global sharing economy and share their unutilized assets easily.
RENTO aims to expand the sharing economy to untouched industries, and it will quite likely face stiff competition from established players. Airbnb, operating in the hospitality/real estate rental space, and Turo, operating in the personal car rental space, are among its primary competitors. However, these competitors are limited in both their reach and the range of items offered. For example, Airbnb is focused only on the rental of vacation spaces, whereas many people need temporary office space as well. Turo is not operative in many geographical areas. Furthermore, none of these cater to businesses. In business, many types of equipment can be shared, but there is no convenient way to get access to other people’s equipment, and there is no assured way to verify trust within the systems. From farming to construction to office equipment, the potential for the sharing economy is tremendous.
MISSION
Enabling people to become a part of the global sharing economy and share their unutilized assets easily.
THEINDUSTRY
:THE SHARING ECONOMY
The concept of sharing economy has been in practice for centuries, both at a person-to-person
level and at a higher operative scale. Time-shares, farming collectives, and informal arrangements allow a group of people to share one expensive resource among them. With the spread of the internet, the sharing economy model has seen immense growth because of the ability to share with people you have never met through centralized organizations that ensure trust. Over the past decade, the world has witnessed small startups turn into multibillion-dollar businesses (Uber, Airbnb). Despite the success of sharing-based businesses around the globe, the sharing economy model hasn’t reached its potential and has multiple risks associated with its mass adoption.
RENTO App
The RENTO App aims to expand the sharing economy beyond the transportation, real estate, and hospitality industries. It allows users to rent everyday items such as real estate, office space, hardware tools, electrical equipment, construction equipment, cameras, and everything that one may require or want to rent on the Platform. Features for platform users:
:THE SHARING ECONOMY
The concept of sharing economy has been in practice for centuries, both at a person-to-person
level and at a higher operative scale. Time-shares, farming collectives, and informal arrangements allow a group of people to share one expensive resource among them. With the spread of the internet, the sharing economy model has seen immense growth because of the ability to share with people you have never met through centralized organizations that ensure trust. Over the past decade, the world has witnessed small startups turn into multibillion-dollar businesses (Uber, Airbnb). Despite the success of sharing-based businesses around the globe, the sharing economy model hasn’t reached its potential and has multiple risks associated with its mass adoption.
RENTO App
The RENTO App aims to expand the sharing economy beyond the transportation, real estate, and hospitality industries. It allows users to rent everyday items such as real estate, office space, hardware tools, electrical equipment, construction equipment, cameras, and everything that one may require or want to rent on the Platform. Features for platform users:
●Listing page:
The listing page lists all the available services and products for renting on the Platform. It supports multiple categories, search filters, and geo-filters to show relevant results.
●Search engine:
The RENTO App comes with a built-in search functionality that allows users to search products using multiple filters and sorting capabilities.
●Renting calendar:
Every product and service listed on the Rento App reflects its availability through a renting calendar. Users can access a product depending on its listed openings. Rento plans to introduce a “Book -in-advance” feature after the launch.
●Feedback:
Rento has a built-in feedback system that allows users to rate the product or services depending on their experience. The Rento App utilizes blockchain technology to limit feedback manipulation practices on its Platform.
Features for listing owners:
●Active listings:
The listing owners can find all of their active listings in a single location. Additionally, they can view the renting schedule of any item or service on the active listing page itself.
●Listing/Advertisement package details:
The listing owners can access listing package details or advertisement subscriptions on the dashboard. Every business/service provider will receive a complimentary listing point package after completing the registration. Rento plans to introduce premium advertising and listing positions after 2020.
●Customer insights:
Rento plans to introduce a customer insights feature for listing owners, allowing them to understand customer behavior, renting preferences, and other relevant parameters to grow their business
RENTO Model Store
The RENTO Model Store is a proposed rental store that will feature a wide range of assets, such as lawn tractors, boats, and scooters. This will not only build credibility for the RENTO Platform but will also promote the sharing economy vision since all rentals will be done through the RENTO Platform. The RENTO Model Store will provide an in-person experience, allowing RENTO to get first-hand feedback as people use the service. Furthermore, this business model also represents a pathway to the building of a brand and a franchise. For an interested person to own and operate a RENTO Model Store under the RENTO franchise, one would need to satisfy a number of conditions outlined in the franchise agreement. In addition to the payment of the franchise fee outlined therein, one would need to purchase the number of Rento Tokens stipulated in the same agreement and hold the RENTO Tokens for a minimum period of two years. RENTO App Transaction Workflow
Listing a Service/Product for Rental
●Download the RENTO App and register an account. Log in to the App.
●Choose the “Add Offer” option.
●Create the offer by adding relevant information, including images, product/service description, price, and the location.
●Activate the listing. Renting a Service/Product
●Log in to the Rento App. Search for a desired product/service listed on the Platform. Users can set search filters to streamline the results.
●Contact the owner/listing agent of the desired service via the built-in chat. Blockchain Transaction Smart Contract Once the listing owner and user have reached an agreement, they can move forward with creating a smart contract for the transaction with a one-click function.
●The listing owner sets up the transaction details through Rento’s intuitive interface. These details include the period of rental, cost, security deposit, and accepted currency.
●The user agrees to the specified terms and makes the security deposit, which is refundable once the transaction is complete.
●Once the rental period is over and the product is returned, the listing owner confirms the receipt of the product.
●The smart contract returns the security deposit to the user after deducting the rental cost. (If the security deposit was $1,000 and cost $200, the returned amount will be $800.)Direct Transactions Between Users
●The client and product owner agree on the terms of the transaction.
●They set up the transaction directly using cash, regular bank transfer, and other methods.
●The transaction concludes outside the Rento App, and the App serves as a medium to find/rent the desired product/service.
COIN/TOKEN ECONOMY
RENTO is raising funds for the development of its global renting/sharing Platform. Funds will be used for the everyday operations, development, marketing, and additional business solutions of the Rento Platform.
TOKEN ECONOMY
Token Specifications Token name: RENTO
Token symbol: RTO
The total of tokens: 600,000,000
Number of decimal places: 8
Token Standard: ERC20
Network Base: Ethereum Network
Tokens for sale: 264,000,000
Cost per token: $0.01 ~ $0.12
TOKEN DISTRIBUTION
Tokens for sale: 264,000,000
Owner's Tokens: 305,000,000
Tokens for Bounty: 6,000,000
Tokens for Team and Advisors: 25,000,000
The total of tokens: 600,000,000
Number of decimal places: 8
Token Standard: ERC20
Network Base: Ethereum Network
Tokens for sale: 264,000,000
Cost per token: $0.01 ~ $0.12
TOKEN DISTRIBUTION
Tokens for sale: 264,000,000
Owner's Tokens: 305,000,000
Tokens for Bounty: 6,000,000
Tokens for Team and Advisors: 25,000,000
FUND DISTRIBUTION
App Development: $4 784 500,00
Team and office:
$6 863 500,00
Marketing:
$6 445 000,00
Licensing:
$160 ,000
Assets $1 547 00
0
FOR MORE INFORMATION :
WEBSITE : https://rento-app.io/
WHITEPAPER : https://rento-app.io/assets/whitepaper.pdf
FACEBOOK : https://www.facebook.com/rentoapp/
TELEGRAM : https://t.me/rentoapp
AUTHORS : TELLYSA
BITCOINTALKS'S PROFILE : https://bitcointalk.org/index.php?action=profile;u=1898514
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