PlaceToRent is the next generation rental platform automating the rental process and leveraging artificial intelligence and machine learning to assist households with invisible credit/work history in gaining access to rental opportunities and affordability. Our goal is to bring significant value to the rental industry and offer to all rental market participants a fair, secure and less costly experience within the rental process by providing transparent and secure transactions while reducing the need for a third-party oversight.
PlaceToRent is a decentralized global peer-to-peer rental platform in the space of commercial and residential rentals designed to facilitate and streamline the rental process through blockchain technology by providing transparent and efficient transactions while reducing the need for a trusted third party, and offer tools for such underserved segments of rental population as younger and low-income households to stand out in low vacancy markets. PlaceToRent is the first cryptographic real estate rental platform to leverage artificial intelligence and machine learning to assist households with invisible credit or work history in gaining access to rental opportunities and affordability. Our goal is to bring significant value to the rental industry and offer to all rental market participants a fair, secure and less costly experience within the rental process.
Our Vision
By employing best-of-the-breed technologies, PlaceToRent is poised to deliver towards its grand vision to explore big-picture problems and dream up innovative solutions. The diversity of the rental population creates opportunities for PlaceToRent to offer responsible, sustainable and innovative tools to a vibrant and stable demographic ignored by traditional rental process. At PlaceToRent, we strive to promote data democracy, increase the level of rental market inclusion and expand the number of alternatives for the underserved. We believe in a more trusted, safe, and equitable shared cyberspace where you can interact with each other directly in your digital communities and have a peace of mind that your counterparty is who they say they are, without entrusting a central organization with your data and privacy. We believe control belongs to you.
Our Team
PlaceToRent team is an interdisciplinary crew of dedicated professionals from all over the world who are committed to transforming the rental experience worldwide using blockchain technology and who have the skills and knowledge necessary to deliver towards our grand vision. Our Engineering operations are based in Saudi Arabia, and our team and advisors come from US, Canada, European Union and Japan. Their work experience spans the fields of finance, data analytics, AI, engineering, research, development, design, system architecture, and retail.
Our Platform
As blockchain continues to evolve, it is challenging the status quo of the present rental market and its existing business models and processes. In response to greater demand for transparency and disintermediation, PlaceToRent has designed an integrated ecosystem of the commercial and residential rental marketplace powered by blockchain decentralized technology, self-executing smart contracts, and utility tokens with the aim to transcend consumer expectations and to capitalize on major opportunities within the rental market. To-date, we have conducted a thorough market research and analysis, defined the project’s technical specifications, and designed our basic feature platform prototype which is currently undergoing development. We hope to fund the continuous active development of the PlaceToRent project through our Token sale, and secure the necessary capital to grow and expand our operations worldwide.
Technology
As technology evolves rapidly, we continually analyze our platform architecture and components and will apply appropriate technology in accordance with the tasks to be accomplished. Ethereum Virtual Machine, the most established blockchain-based distributed computing platform with smart contract functionality, is at the heart of the PlaceToRent platform. We will look to adopt Raiden and Plasma as Ethereum’s Layer 2. The blockchain technology enables near real-time settlement of transactions, which provides reliable data and reduces risk. Smart contracts allow transacting peer-to-peer in a secure and transparent environment, mitigating the risk of fraud, abuse, and manipulation. Our peer-to-peer distributed network will record a public history of all transactions and retain a secure source of proof that they occurred. Automating transactions between the tenant and landlord eliminates the need for a real estate broker or agent, saving our users thousands in commission fees. To address the blockchain's transaction speed, scalability, and privacy issues, PlaceToRent considers the Enigma protocol that uses “Somewhat Homomorphic Encryption Technology” with “secret contracts,” allowing data to be processed by nodes while being kept private. We will use machine learning to give our platform users the best advice possible. For example, we will implement bio-inspired computation and Swarm Intelligence to predict accurate rental rates in different geographical locations. The bio-inspired feature will become a self-evolving tool capable of generating the “best rental rate” solution. We will also implement Distribute Sparse Learning as a second layer to handle high-dimensional data. This approach will provide great insights to the platform users by identifying the best offers in the rental market, thus minimizing costs to tenants and maximizing profits to landlords. PlaceToRent will strive to expand the number of alternatives for the underserved, especially younger renters who have no credit or work history, by utilizing hybrid forecasting. Our revolutionary algorithms powered by Artificial Intelligence will allow landlords to assess creditworthiness outside conventional credit checks and work verifications and will help a vibrant and stable demographic qualify for a rental opportunity. For each executed lease with a tenant who has no credit or work history, PlaceToRent will incentivize landlords and property managers by reimbursing any previously charged related listing fees and rewarding them with PTRT tokens. Additionally, our platform will enable qualified renters to finance their rental expenses through a built-in peer-to-peer alternative financing feature.
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
ICO Advisor | ICO Communications Expert Rated on Jun 6, 2018
4
4
3
7%
Frankly the idea is not new and I don't see it is unique either. Some of ICOs of the same types I know are running such as RentBerry, CryptoBnB.. just a few to list. There are more out there.
My concern is that how to differentiate yourself from others as this market is highly competitive. The example of RentBerry is a lesson learned for many investors of losing investments.
Enterprenuer | CEO | ICO Advisor |Investor | Blockchain Enthusiastic | Public Speaker Rated on Aug 15, 2018
4
3
3
7%
Not a unique idea and definitely not a new concept. This probably don't even need blockchain. There are already very successful companies in real world and lots of in crypto world. you need to share more information about how you are different and why do you need blockchain. All the best team!!
ICO Marketing Expert | Launch Strategist | Global Branding and Fundraising Master Rated on Jun 13, 2018
4
3
3
7%
This ICO is not unique as compared with others in this market. ICOs need to be distinctive so investors can decide which to invest on and earn ROI from their investment.
Team is one thing I like for sure, with good members in there and advisors, but almost every ICO has them these days and I would look for something distinctive.
Blockchain & ICO Advisor, Investor, Serial Entrepreneur Rated on Jun 28, 2018
4
3
3
7%
Definitely not a new idea and definitely not a unique one. There are competitors in the market already doing it. I don't see a USP of PlaceToRent. For this reason, I doubt that it will yield a good ROI for it's investors. All the best!
Saturated market.
And innovative ideas do not exist.
You can not make an investment unless USP exists.
The team looks nice, but block chaining technology is not necessary for this project.
ICO advisor|Crypto-asset and ICO investor| Libertarian|CEO of Block Venture Project Rated on Jul 26, 2018
4
4
3
6%
Team - good experience for most of C-suite and core team, CTO doesn't have Project listed on LinkedIn which is a slight worry. Good international coverage and some useful advisors too. 5 once CTO/LinkedIn issue resolved.
Vision - I like the idea of creating a common sense approach to credit worthiness, which could be a groundbreaking development. This is essentially the USP for the project. However the business plan may work better with starting a pilot in a few areas and then expanding globally due to the many differences of rental markets, rules and regulations around the world. Disintermediation of the rental market and some of the ridiculous fees charged by agents is a good thing, not necessarily unique. I think the project hinges on the success of the credit rating for non-credit historied clients. If the team can make that work, it could have far reaching implications in other industries too. A major worry is the use of the tokens for rental payments - tokens tend to be volatile and thus landlords may not see them as suitable tender if they have mortgage repayments to make from rents received. Further to this is the extension of credit to customers with no credit history for deposit and fees. This may well over stretch the project's finances if defaults rise and the regulation and compliance for such a scheme on an international basis is prohibitive to implement.
Product - doesn't appear to be an MVP, so 3 until available.
I'll keep an eye on how the credit worthiness concept develops with this project, could be very interesting. Good luck to the team with the project implementation.
PlaceToRent’s idea isn’t new to the market so there needs to be clearly defined USP from the team. Fund raising is the only part of the project where implementation of blockchain makes sense. I think the team will find it challenging to bring investors on board this project.
ICO advisor | CIO | Blockchain Consultant | Early Crypto Investor Rated on Aug 25, 2018 Modified on Aug 26, 2018
3
3
2
5%
The token generation event has been suspended since the company is implementing hashgraph instead of ethereum.
I can only applaud such actions as I am convinced ethereum is not scaleable on a global level.
However, this also means no MVP.
And, what is even more shocking, it means this project will NOT BE OPEN SOURCE! Hedera hashgraph is closed source software. Which makes the entire concept of decentralization a joke.
Not sure what to think of this project. Ditching ethereum is smart and shows the team is savvy enough to have a place in the crypto community. However choosing for closed source software defeats the whole purpose of decentralization.
The concept itselfs is not the first of its kind, so getting it on the market fast will be key.
Product gets a score of 2 as it will inevitably be closed-source. Which makes it hard for investors to verify the code for scams.
Investment Manager, Pre-ICO Venture Capital Investor, ICO Advisor Rated on Jul 19, 2018
2
2
1
5%
I don't see that there is really a need to coduct an ICO. You could just pay the rewards in another currency which is also more convenient.
The assumption that there is a higher chance to rent a place when the landlord knows your grades or your internship history seems false to me. They care whether you can pay the rent in time, are clean and how long you stay.
ICO Advisor, Community leader and COO/Co-founder Krypt.ly Rated on Sep 14, 2018
3
2
1
5%
ICO not happening, claiming they will proceed on hedera. Team looks ok but changing their mind leaving frustrated investors behind is not the best idea for a cryptocurrency startup. Will put a new score when they really go on with hedera and give some interesting updates because for now,the concept looks like one of the thousand others in the same industry.
Ecom Activator | ICO Advisor Rated on Jun 29, 2018 Modified on Jun 29, 2018
4
3
2
5%
After the Rentberry ICO disaster I'm very hesitant about rental plays and that was a simpler project to execute. The team does have a real estate advisor and a founder that did investment properties. What real estate associations is this apart of? Are the Remax' of the world on board with changing up the rating system? It seems like the company wants to flip the model even more with "invisible credit/work history" while other platforms struggle to leverage existing rental frameworks. Offering landlords some tokens to take risks that they don't need to take.. I just don't think this will gain adoption as the barrier is being set too high in terms of number of changes & risk vs. reward. I give the team thumbs up for trying to come up with alternative methods I just don't see the point for blockchain project or token around this. AI projects do gain high valuations through VCs right now. Why not do that? Maybe there's enough money that comes in to help make it a reality. Good luck.
The rental / lease space is getting extremely competitive. More and more companies are coming about on blockchain and even more off blockchain.
The team and advisors are solid.
The company will truly have to implement unique features in order to stay above the crowd.
A Landlords/Investors main objective is to generate revenue from his rentals. Other factors as far as schools, internships may be a bit of a stretch. Then again I may be wrong if those factors are not worthy of exploring.
I wish the team best of luck in bringing this concept to the rental market!
BLOCKCHAIN EXPERT, ICO and STO Marketing and fundraising consultant Rated on Aug 21, 2018 Modified on Aug 21, 2018
3
2
2
4%
project should have some new features compare to which are present in market there are many competitors in market with good reputation what is model to compete them?
and one question it can be done without blockchain too, what is need of using blockchain ?
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