Rentberry

Strong team, ready platform. However, rental business is very diversify in different cities and counties. Involved in the legitimacy, security, must be governed by the government, not a decentralized services can do what they want to do. I'm worry this is a high risk investment target.

I like the vision

Fantastic team with a model that has been proven to work. I look forward to watching the execution. Good luck Rentberry!

A strong idea on a platform which is already operational.

Great team and good initial version of the project, regulatory concerns with the business model (which changes between jurisdictions).

Rentberry wants to streamline the entire long-term rental process by using the Blockchain and smart contracts, hoping to eliminate the need for a middleman for many of the common rental tasks for property owners.


Rentberry’s hope of utilizing the Blockchain and in particular its token utility is a bit misplaced. Its token is reliant on being used in place of fiat like with other rental platforms to receive rental payments, pay for property promotion and hire third party service providers. However, these benefits can already be achieved with fiat on a platform while also allowing for property owners to have easy accessibility to their funds for real-world use and payment. In addition, property owners will likely prefer to receive fiat payments to ensure that their funds are not subject to the level of volatility that accompanies modern-day cryptocurrencies. The crowdsourced security deposit coverage aspect also presents question. For one, this presents a paradox for property owners. How is repayment ensured? In addition, property owners may elect to rent their properties to tenants whom financially quality to make their own security deposit instead of to a tenant whom cannot.

On the flip side, the idea of recording a renter’s Blockchain keys and identity on the immutable Blockchain presents an efficient manner for recording renter information that is sorely lacking in the rental property industry at large. In addition, Rentberry’s interface is easy to use and can make the rental payment process much more streamlined than it is done presently. Rentberry also benefits from having an already working platform with a number of users in place.

In hypothetical terms, the idea of merging the Blockchain and real estate systems sounds great. In reality, the process that it takes in bringing these types of projects to life can be too cumbersome and tedious at best. Overall, this project has a good team but its vision and product seem to be a little overly ambitious in a space that isn’t necessarily ready for what it hopes to accomplish.

Volume bonus pricing structure is bad practice. Although they have a functioning platform, it appears unprofitable. There is a clear unevenness in demand as they have 224,000 properties listed, but only 4000 rental applications processed...

They already raised 4million. What did they do with that money. Many other identical blockchain platforms doing the same thing, some of which didn't even need to have an ICO.

Full review available at https://steemit.com/blockchain/@reedus/ico-review-rentberry and https://cryptorated.com/ico-reviews/rentberry/

Great team and they've proven they can make this work in the real world already with a unique business model that has gone viral and I've seen other ico's that are doing pieces of this but these guys are integrating it into it whole ecosystem and I think that the tenants and landlords are going to want to make it as profitable and easy as possible for themselves by picking one ecosystem that has everything working very well cohesively

Awesome Team, Awesome product

Very strong team and vision, platform seems to be ready as well! I have rich experiences for renting houses so I really like your idea.

Quite a demanded idea with a functional platform that already generates a revenue stream. Also quite a solid team with different experiences. Nevertheless, the project may face serious problems with the integration of block chains with the existing and public rental market.

I would stay away from this one. The Rentberry team is using Cryptonomos for their ICO, which is assures there will be issues in distribution. There is no reason for there to be such delays when issuing ERC20 -based tokens.

Even worse, they're constantly changing their terms of service thorough-out the duration of the ICO and retroactively applying them to those who have already donated.

For example, they've now decided that US citizens cannot participate, despite not mentioning this anywhere within the document. So, if you hold several thousand BERRY in your Cryptonomos account, it doesn't matter -- you will not be allowed to withdraw it.

Well that's too bad, surely refunds are available immediately, then, right? If you believe that, then you would be wrong. Refunds are only available after they finish building their KYC process that they decided to tack on afterward. So if you contribute and they decide to change the rules to make you ineligible, you must sit with your funds in ransom while they make profits on the rise in BTC or ETH. It's a poor look for the team.

The token is not required for the platform, the product has existed far before this ICO, no changes are being made to make this worthwhile on the blockchain, and the team cannot get their ducks in a row enough for a proper ICO.

I will say, though, that the UX team does a great job -- things flow and look well with the site. Besides that, though, this looks to be a useless token from an investment and possibly even utility standpoint. As change and delay issues have occurred with GigaWatt and now Rentberry (two Cryptonomos ICOs), I would also advise staying away from them in the future.