What Is Rentible (RNB)?

Rentible is a blockchain-based Dapp that manages real estate rentals. According to its whitepaper, Rentible’s goal is not only to assist landlords and tenants in exchanging payments using cryptocurrencies, but also to become a marketplace for real estate properties on the metaverse. Rentible envisions a transparent, user-friendly, and decentralized platform that can introduce the industry-disruptive capabilities of blockchain to the real estate industry.

The developers of Rentible believe that the DeFi space, (https://www.coinbase.com/learn/crypto-basics/what-are-nfts#:~:text=NFTs%20(or%20%E2%80%9Cnon%2Dfungible,worth%20exactly%20the%20same%20amount.)s, and smart contract protocols can change the existing centralized finance industry due to the distrust existing within the industry. Rentible plans to implement decentralized blockchain technology into the property technology platform. Rentible proposes to mitigate issues of the real-estate industry such as privacy loss, data ownership, manipulation, let-and-run fraud, and more. Rentible aims to eradicate these issues by removing intermediaries from the transaction, creating immutable data records, and managing virtual properties on the metaverse as well as brick-and-mortar properties on the blockchain.

In addition, users in the Rentible ecosystem can execute their property-related activities using a decentralized architecture that helps advance sharing economies. Rental agreements can be concluded and verified using smart contracts through the Rentible platform. By maintaining irrefutable records, fraudulent activities can be avoided. Likewise, decentralization helps to reduce the transaction costs of the users.

RNB is the utility token.) of the Rentible platform. Holders of the RNB token contributing to the liquidity pool of the Rentible platform to enable its operations can obtain reward incentives. RNB also incentivizes users for holding the asset. RNB token provides further assistance in the governance of the ecosystem so the network can be kept unbiased. Holders can also take part in tokenized property purchases. These tokenized property sales allow holders of RNB tokens to purchase virtual property as part of a group and be able to avail a portion of the ownership of the purchased property.

History of Rentible (RNB)

Rentible was founded by CEO Dror Lupu. The team of Rentible also includes COO Mate Farkas, CTO Norbert Fischer, and CMO Szlivia Dudas, among others. RNB has a total supply of 3,500,000 tokens.