Rentberry

Rentberry

Making use of their already operational long term rental platform, the Rentberry ICO is going to help free up the millions of US Dollars that are currently left laying around in bank accounts as tenant deposits.

6.4
Token Sale ended
28 Feb, 2018
$30,000,000
of
$30,000,000 (100%)

Rentberry Info

Ticker:
BERRY
Token Type
ERC20
Fundraising Goal:
$30,000,000
Received
$30,000,000 (100%)
Price
1 Berry = 0.38 USD
Sold on Pre-sale
4,000,000 USD (SEED ROUND, NOT RELATED TO ICO)
Total Tokens
400,000,000
Token Available for Sale
70%
Whitepaper
Yes
KYC
Yes
Min/Max Personal Cap
0.1 ETH / TBA
Country
USA
Team Members
23
Industry
Real Estate
Accepting
ETH, BTC

Pros & Cons

  • Multi country appeal and potential
  • Eliminates the need for a middleman
  • Actually solves an industry wide problem
  • Prove concept with over 120,000 active users
  • Very well thought out and designed white paper
  • Huge potential for ongoing growth
  • Sensible initial coin offering token price
  • Large current uptake on their ICO from investors
  • Rentberry have already processed over 224,000 properties
  • Website available in several different languages

Features

By unfreezing the huge amounts of cash tied up in home rental tenant deposits, Rentberry are aiming to completely revolutionize the industry with their decentralised home renting platform

Overview

Anyone that has ever set about renting a house, apartment or condo will have often been annoyed if not very angry at the additional fees and charges that they are forced to have to pay, in regards to securing and then renting any type of property to live in.

It has always been the case that letting agents can and often do impose a fee for this and a fee for that and even simply applying to be a tenant of any property can see that tenant being forced to pay a small fortune even before any contracts are signed.

On top of those fees and charges imposed on them a tenants deposit can often be huge, and once again it is the letting agent that holds onto those deposits which are sat around in bank accounts not doing anything and certainly not earning any realistic interest.

That is something that Rentberry have been able to address and as such they, with the help of their ICO have a solid system and platform in place that is going to free up the millions of US Dollars that are currently left laying around in bank accounts as tenant deposits.

Team

There is a solid team that are driving Rentberry forward and as such in this next section I will be giving you an insight into the current members of their team and will be enlightening you on their experience too.

Members

  • Alex Lubinsky (CEO and CFO)

    UC Berkeley, a former investment banking executive who founded and sold several companies A Real estate owner and successful entrepreneur responsible for defining Rentberry’s vision.

  • Lily Ostapchuk (CPO)

    Columbia University, managed and operated a number of rental properties across the US and Europe. She is a committed product launch and marketing expert with deep knowledge of how to position and scale the product.

  • Aleksey Perfilov (CTO)

    Stanford University, he has worked at a number of prominent IT companies, including Hi5, Altera, Phoenix Technologies, and Amazon. Full understanding and experience of full stack engineer, blockchain evangelist, and focus-driven coder with 15 years of experience.

Conclusion

The house rental marketplace is of course a proven concept, and one that is always going to supply a steady stream of income for those who do have houses to let. However, there are of course some large amounts of cash to be made by rental companies that offer landlords a fully rounded service.

There are many schemes in place to ensure the protection of tenants deposits, however many of those deposits do sit in letting agents bank accounts for several years, and that is something that Rentberry are aiming to leverage, the many millions of Dollars of deposits that sit around doing nothing.

Offering a long term rental platform is all well and good however, but Rentberry does appear to have struck a chord with their Initial Coin Offering and their roadmap too, and as such it is getting a lot of attention, and positive attention from investors all over the world.

As with any operation, business or company it is the people working behind the scenes that will either make it a success or not, and it does have to be said that the team Rentberry does have in place are experienced, which leads me to believe this may be a good ICO to invest in, and many people have already done so.

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