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Rentberry

Decentralized Home Rental Platform

Rentberry streamlines the entire long-term rental process using blockchain and smart contracts technology and eliminates the need for a middleman making it possible for tenants and landlords to complete all rental tasks in one place.

4.0
27 expert ratings
4.4
4.5
3.8
3.7
View rating distribution
~$30,000,000
value of tokens sold in ICO
Trading
0.04 USD
From HitBTC on 2018-05-25 14:10:47 UTC
Token
Price in ICO
1 ETH = 2,500 BERRY
Country
Restricted areas
United States of America, People's Republic of China (except for Hong Kong, Macau and Taiwan), South Korea, Cuba, Iran, North Korea, Syria, Crimea Region
ICO start
5th Dec 2017
ICO end
28th Feb 2018
More on ICO
Report

Ratings

Jason Hung
Serial Entrepreneur | Inventor | ICO advisor | China Market | Exchange
Rated on 9 Dec 2017
5
2
3
6%

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.

Agree
3 people agree
Douglas Lyons
Success Advisor to Blockchain Startup Project Teams.
Rated on 7 Dec 2017
5
4
4
5%

This project has a fully functional existing platform that is driving revenue already.
Project has already raised outside investment.
Strong team.

Agree
2 people agree
Ian Scarffe
Blockchain ICO Consultant / Advisor. Founder at Crypto Consulting and Investments LTD.
Rated on 7 Feb 2018
4
4
4
5%

A strong idea on a platform which is already operational.

Agree
43 people agree
Nathan Christian
Blockchain Technology Consultant
Rated on 5 Feb 2018
5
5
4
5%

I like the vision

Agree
4 people agree
Tyler Sanford
Blockchain & Marketing Consultant | Community Management
Rated on 9 Feb 2018
4
4
4
5%

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

Agree
2 people agree
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on 6 Feb 2018
4
3
3
3%
This rating's weight is reduced by 50% as there is no review added.
Amarpreet Singh
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI | Speaker & mentor
Rated on 24 Feb 2018
4
4
4
5%

Awesome Team, Awesome product

Agree
Rick Tapia
Blockchain Advisor and Consultant
Rated on 5 Feb 2018
5
3
3
5%

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.

Agree
P.B. Stanton Esq.
ICO Advisor | Securities & Banking law | Former US Marine JAG Officer
Rated on 5 Feb 2018
5
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Anatoly Bordyugov
ICO Expert and Investment Consultant
Rated on 8 Feb 2018
4
4
4
5%

Interesting vision, good team

Agree
2 people agree
Reinhard Berger
CEO Pecunio Blockchain Technologies
Rated on 18 Feb 2018
3
2
2
2%
This rating's weight is reduced by 50% as there is no review added.
Aly Madhavji
Co-Founder of Global DCX | Top ICO Advisor | Angel Investor | Blockchain Entrepreneur
Rated on 23 Feb 2018
5
3
4
5%

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

Agree
Adnan Javed
Blockchain Startup Advisor, Lawyer, Technologist, Inventor
Rated on 21 Feb 2018
4
3
3
4%

Pros:
The concept is interesting and novel.
The business model is tried and tested and is not trying to leverage blockchain and smart contracts.
Whitepaper is thorough and well thought out.

Cons:
The milestones could have been better presented.

All the best to the team. I will be following this project.

Agree
1 person agree
Stephanos Constantinou
Chief Executive Officer | Blockchain | ICO Expert
Rated on 19 Feb 2018
5
5
4
4%

Great vision.

Agree
1 person agree
Vasily Sumanov
ICO advisor, Economy researcher
Rated on 13 Dec 2017
4
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Alex Chang (Chia Ming)
CEO
Rated on 14 Feb 2018
5
5
5
4%

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.

Agree
3 people agree
Christopher Zenios
COO | CMO | Speaker | Blockchain | ICO Specialist | Consultant | Advisor | Writer | Project Developer| Investor
Rated on 5 Feb 2018
5
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Oliver Isaacs
Blockchain Investor, Advisor, Influencer & Speaker
Rated on 4 Feb 2018
4
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Michael Gord
Partner at MLG Blockchain Capital
Rated on 1 Mar 2018
4
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Simon Waddington
Software engineer and advisor
Rated on 24 Dec 2017
5
5
3
2%
This rating's weight is reduced by 50% as there is no review added.
Rafael Deramas
Marketing Expert
Rated on 9 Feb 2018
5
4
3
1%
This rating's weight is reduced by 50% as there is no review added.
Reed Sutton
Researcher, Investor, Advisor
Rated on 24 Dec 2017
4
3
3
3%

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/

Agree
1 person agree
Denis Smirnov
Blockchain Evangelist
Rated on 7 May 2018
5
4
4
3%

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.

Agree
Bob Haya
Investor 30 yrs crypto enthusiastic 5 yrs
Rated on 26 Jan 2018
5
5
5
2%

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

Agree
2 people agree
Lluis Saltó

Rated on 22 Dec 2017
4
3
4
1%
This rating's weight is reduced by 50% as there is no review added.
Ryan Seay
Digital Forensics, Blockchain and Cryptography Enthusiast
Rated on 7 Jan 2018
2
3
3
2%

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.

Agree
1 person agree
Ashvarya Kharoo
Consultant | Market research | Data analytics | UX Design thinking
Rated on 22 Feb 2018
5
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Benchy
ICO analyzer bot
4.4
13%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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