PLACETORENT (PTRT) ICO Review

PlaceToRent is poised to revolutionize the traditional rental industry standards worldwide to ensure a seamless rental experience which will allow the entire rental process to be completed online efficiently, transparently, and securely.

PlaceToRent is a cryptographic real estate rental ecosystem that rests on the fundamental values of the blockchain. Yet, PlaceToRent is more than just a decentralized real estate rental platform connecting renters with the landlords and offering useful (some innovative, some usual, though enhanced) features to facilitate the rental process. Unlike any other rental service seen in the existing rental marketplace, PlaceToRent targets underserved segments of the rental population and provides unique tools for households with invisible work and credit history (such as Millennials) to stand out in low vacancy markets. To allow for a better vetting process that can predict the prospective tenants’ creditworthiness to a landlord when a credit or work history is not yet established, PlaceToRent collects and analyzes, in addition to standard data, such information as schools attended, area of study, academic performance/GPA, standardized test scores, and other relevant information. The unique proprietary analysis powered by Artificial Intelligence provides the landlord with a deeper recommendation for prospective tenants (as opposed to just a credit score or work history) and empowers tenants to stand out when applying in low vacancy markets.

Additionally, the PlaceToRent platform enables qualified renters to finance their rental expenses through crowdfunding through a built-in platform feature, and has its eyes on partnering up with alternative financing service providers in the future. In a time of need or unfortunate circumstances (like a serious illness, financial troubles, legal conflicts, etc.) coming up with rent expenses may be a grueling task for a renter, putting them on the brink of eviction and leading them to websites like Kickstarter and GoFundMe. In today’s fast-paced and highly-digitalized world people crowdfund money for everything, do it shouldn’t come as a surprise that they try to crowdfund their rent. Under these circumstances, there has never been a stronger demand for modern financing solutions for the renters. To keep abreast of popular practices and provide financial flexibility for renters by enabling them to finance their move-in, security deposit or rental expenses, the PlaceToRent platform will provide our community users with the incentivized benefit of participating in crowdlending for qualified tenants.

The main goal of PlaceToRent is to bring significant value to the rental industry and provide all rental market participants with a fair, secure and less costly experience within the rental process.

The blockchain enables near real-time settlement of transactions, providing reliable data and reducing risk. Smart contracts allow transacting peer-to-peer in a secure and transparent environment, mitigating the risk of fraud, abuse, and manipulation. Automating transactions between the tenant and landlord eliminates the need for a real estate broker or agent – and their commission fees. Utilizing PlaceToRent tokens for rent and bills payment incorporates transaction speed, efficiency, and privacy.

Additionally, our platform will empower such underserved segments of the rental population as younger households with invisible credit or work history to access rental opportunities and affordability.

In light of rapid advances in technology fueled by ubiquitous broadband internet access, the reliability of data centers and improved software development tools, there developed an urgent need to revolutionize the rental process by providing a solution powered by blockchain technology that will be beneficial for all market participants.

By employing best-of-the-breed technologies, PlaceToRent will deliver towards its grand vision to explore big-picture problems and dream up innovative solutions.

The PlaceToRent platform will have a native cryptocurrency, which is a utility token that grants token holders access services on the platform. PTRT token is the settlement unit of the PlaceToRent platform providing an essential utility for its users to interact within the platform, and acting as the main driver of the PlaceToRent ecosystem. PTRT token will continuously circulate within the PlaceToRent ecosystem and will be tied to all aspects of the functionality of the PlaceToRent platform. We believe our token will build a community of users around it and generate tremendous value from the network effect of users with organic demand for its utility.

WHAT IS PTRT TOKEN?
PTRT Token is our proprietary cryptocurrency designed to facilitate a standardized global approach to the long and short-term residential and commercial rental process, with all transactions kept in a secure manner.

NAME:
PTRT

HARD CAP:
$30,000,000 USD

SOFT CAP:
$1,000,000 USD

EXCHANGE:
1 ETH = 500 PTRT Tokens

CURRENCY:
ETH, BTC

MINIMUM PURCHASE:
0.2 ETH / 100 PTRT Tokens

STARTS:
June 4th, 2018

ENDS:
Sept 25th, 2018

RESTRICTIONS:
USA, People’s Republic of China (except for Hong Kong, Macau and Taiwan), South Korea, Cuba, Iran, North Korea, Syria, Crimea Region

BONUS SCHEDULE:
June 4th – July 3rd: 1 ETH = 500 PTRT + 40% Bonus

July 4th – July 17th: 1 ETH = 500 PTRT + 35% Bonus

July 18th – Aug 14th: 1 ETH = 500 PTRT + 25% Bonus