RENTO is an app connecting business owners with clients and rental services with users. Rento ICO rating – not rated.
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Active ICO : 16/10/18 – 28/02/19
Rank in VN – 62554, Rank in IN – 95695, Rank in ID – 39836, Rank in EG – 31533, Rank in BD – 35660, Rank in TR – 165094, Rank in RU – 186236, Rank in PK – 73110, Rank in UA – 114959
About Rento ICO (token sale)
Rento ICO is proposing a global sharing platform for businesses and individuals that allows the renting of underutilized assets. Unlike competitors in the market, Rento ICO will rent any item to any individual rather than focusing simply on one market (cars, apartment share). Furthermore, Rento ICO 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 ICO 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.
Rento ICO solution
Rento ICO is creating a software solution for individuals and businesses to share items and services that, until now, needed to be purchased. The Rento ICO solution is based on the increasing “sharing economy” market, but rather than focus on one vertical, Rento ICO is providing a complete solution, including smart contracts, for anyone to rent or borrow any item or service. In the same way that e-commerce sites such as eBay do not limit themselves to one type of item, Rento ICO is providing the sharing economy marketplace. Rento is leveraging blockchain technology for the smart con- tracts that ensure trust throughout the system.
The concept of sharing economy is built around the use of economic resources to their fullest potential, and that is exactly what Rento is aiming to accomplish. Rento proposes a mobile application (and web platform) that allows users to list their unused assets for renting or sharing on its Platform. Every listing on Rento ICO includes the key aspects of the asset or resource, such as its rental cost, availability schedule, images or video of the actual item, specifications, and terms and conditions specific to the asset.
Rento ICO proposes multiple products and services segments, with its initial focus on businesses and service providers to populate the Platform with a large stock of available resources, ensuring that the Platform initially has enough inventory for consumers to find it appealing. Rento ICO will be launching with primary listing segments such as household items like lawn mowers or snow blowers, through more commercial offerings such as shared offices and conferencing facilities, construction equipment, parking spaces, and even underutilized human resources. In addition to developing a sharing platform, Rento plans to set up at least one bricks-and-mortar rental store as a proof of concept for its sharing ecosystem.
Considering that the assets to be proposed for listing vary in financial value, maintaining transparency is of utmost importance. Also, in the sharing economy, reputation is key, and it’s essential that all information is verified and secure.
To this effect, Rento ICO plans to utilize blockchain technology to:
- Secure international and local transactions
- Utilize smart contracts for security deposits
- Ensure that reviews of items lenders, borrowers, services, and items are real and verified
- Reduce friction for transactions
- Verify the transactions themselves and ensure payment for services as well as compensation through smart contracts for any breaches of the contract
Rento ICO Tokens
The Rento ICO Token is designed for release on cryptocurrency exchanges. While the initial Rento Token is based on ERC 20, the Company plans to transfer Rento onto a PoA Blockchain. While all transactions within the Rento App will be based on smart contracts and it will be possible to make transactions and security deposits in all currencies (crypto and fiat), the fee for smart con- tracts and transactions will be payable in Rento Tokens only.
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 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