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Topic: [ANN][ICO]Relest - first real estate rental AUCTION platform, 25 November - page 20. (Read 35021 times)

hero member
Activity: 924
Merit: 520
at the first look 2 things are coming into my mind if i was a landlord. one positive thing and one negative thing:
the positive thing first: because relest is auction based landlord will charge maybe higher fees than on a "free market"
but
the negative thing is that the landlord has less options to choose who should occupancy his estate. this might frighten a few landlords
I assume landlord will still be able to set some rules before auction who can rent his place. Like pets, kids, no smoking, age barrier and so on. So i guess if this demands wont be met, he can still turn down the highest bid and go for the second one.  

There are rules for this (; ... When someone wins the auction, his or her informations will be send to the landlord. Than they can visit the flat or the house and in this context the landlord can still say no.
So this means the auction is useless because at the end its the owners who get to decide whether he will rent his property or not, its a contradiction to the auction agreement.

I think this is a bit difficult. As I understand it before landlords can maybe say "no", but there is a rating system on the platform.

Let's say there is an tenant who wants to rent a flat of the landlord. He is bidding and wins the auction, which he got shown as ideal, because he has no pets, no kids and is non smoker for example, exactly what the landlord has written what he searchs. Well they meet and the landlord just say no, because he don't "like" the tenant. Well, then he can give a bad rating for this. If there are too many bad ratings, he has to face consequences.

A rating system would be ideal in order to discourage such incidence. This would be beneficial to both tenants and landlords respectively.
sr. member
Activity: 350
Merit: 250
Its not so pertinent to have a rating system, but maybe this could be a future feature for the platform. But need some fix in comparaison of airbnb system or something like that. I'm impatient to see the platform work.

A rating system will allow to determine if the buyer or seller has some reputation, it will help clients and sellers alike to decide if they should do business with one another, and if we also put ratings for the estates, that will help buyers too to make choices.
full member
Activity: 448
Merit: 107
Its not so pertinent to have a rating system, but maybe this could be a future feature for the platform. But need some fix in comparaison of airbnb system or something like that. I'm impatient to see the platform work.
full member
Activity: 392
Merit: 100
You could also simply use VPN to hide your real IP.
full member
Activity: 490
Merit: 100
at the first look 2 things are coming into my mind if i was a landlord. one positive thing and one negative thing:
the positive thing first: because relest is auction based landlord will charge maybe higher fees than on a "free market"
but
the negative thing is that the landlord has less options to choose who should occupancy his estate. this might frighten a few landlords
I assume landlord will still be able to set some rules before auction who can rent his place. Like pets, kids, no smoking, age barrier and so on. So i guess if this demands wont be met, he can still turn down the highest bid and go for the second one.  

There are rules for this (; ... When someone wins the auction, his or her informations will be send to the landlord. Than they can visit the flat or the house and in this context the landlord can still say no.
So this means the auction is useless because at the end its the owners who get to decide whether he will rent his property or not, its a contradiction to the auction agreement.

I think this is a bit difficult. As I understand it before landlords can maybe say "no", but there is a rating system on the platform.

Let's say there is an tenant who wants to rent a flat of the landlord. He is bidding and wins the auction, which he got shown as ideal, because he has no pets, no kids and is non smoker for example, exactly what the landlord has written what he searchs. Well they meet and the landlord just say no, because he don't "like" the tenant. Well, then he can give a bad rating for this. If there are too many bad ratings, he has to face consequences.

A rating system would be ideal in order to discourage such incidence. This would be beneficial to both tenants and landlords respectively.

Really dont think a rating system will work for tenants, maybe for landlords. Let's say you rent a place, if you rent a place its for at least one year. So after 4 years you only have 4 ratings... if 1 is bad for a small reason landlords will not pick him because of just 1 bad rating in 4 years?

Its better only have rating system for landlords.
Yes, maybe the tenant can create many accounts for that.
And also this rating thing can't prevent it 100% accurate.

They ll have a rating system on the platform? For tenant and landlord?
Yes, thats what dev said before
sr. member
Activity: 1372
Merit: 259
They ll have a rating system on the platform? For tenant and landlord?
sr. member
Activity: 630
Merit: 276
at the first look 2 things are coming into my mind if i was a landlord. one positive thing and one negative thing:
the positive thing first: because relest is auction based landlord will charge maybe higher fees than on a "free market"
but
the negative thing is that the landlord has less options to choose who should occupancy his estate. this might frighten a few landlords
I assume landlord will still be able to set some rules before auction who can rent his place. Like pets, kids, no smoking, age barrier and so on. So i guess if this demands wont be met, he can still turn down the highest bid and go for the second one.  

There are rules for this (; ... When someone wins the auction, his or her informations will be send to the landlord. Than they can visit the flat or the house and in this context the landlord can still say no.
So this means the auction is useless because at the end its the owners who get to decide whether he will rent his property or not, its a contradiction to the auction agreement.

I think this is a bit difficult. As I understand it before landlords can maybe say "no", but there is a rating system on the platform.

Let's say there is an tenant who wants to rent a flat of the landlord. He is bidding and wins the auction, which he got shown as ideal, because he has no pets, no kids and is non smoker for example, exactly what the landlord has written what he searchs. Well they meet and the landlord just say no, because he don't "like" the tenant. Well, then he can give a bad rating for this. If there are too many bad ratings, he has to face consequences.

A rating system would be ideal in order to discourage such incidence. This would be beneficial to both tenants and landlords respectively.

Really dont think a rating system will work for tenants, maybe for landlords. Let's say you rent a place, if you rent a place its for at least one year. So after 4 years you only have 4 ratings... if 1 is bad for a small reason landlords will not pick him because of just 1 bad rating in 4 years?

Its better only have rating system for landlords.
sr. member
Activity: 518
Merit: 250

Aren't the Chinese temporarily banned from investing in ICO's?
The Chinese have banned the ICO in their country, they can not ban participation in other ICOs yet  Wink

They can ban participation but how will they stop it? You can't stop transfers between wallets like you can between banks.
Government can't technically ban ICO because cryptocurrencies are decentralized. Payments can't be blocked so they can't be banned
full member
Activity: 588
Merit: 100

Aren't the Chinese temporarily banned from investing in ICO's?
The Chinese have banned the ICO in their country, they can not ban participation in other ICOs yet  Wink

They can ban participation but how will they stop it? You can't stop transfers between wallets like you can between banks.
full member
Activity: 154
Merit: 100
Landlord can choose a tenant.
Let's say a tenant wants to rent an apartment for $ 1000 and decides to take part in an auction for 4 apartments.

Im little bit confused with this image.
How can 3 tenants win an auction with 1000$? Isnt the point of auctions that there's just one winner?


Let me explanin this to you: It is tenant (number 3) who wins 3 auctions. now, because he won e auctions he can choose one. or maybe take two of them or all 3? would seem legit.
full member
Activity: 490
Merit: 100
Cant find this in whitepaper - Investors (token holders) will receive some dividends or no?
i think there is no dividends. i read whitepaper and understand what will be done when token in market. when maximum people will use token and pay rent in tokens and that means token price will increase on exchanges. if i am wrong please let me know. i will be happy if i understand more. thank you
I dont see on what bases you should get dividends from just holding tokens, with that logic you should get it for every token you buy on exchange.
I guess some projects offer you dividends if you invest those tokens somewhere.

That a good news, they cant miss this opportunity to attract Chinese investors.


yes, some other project offers dividents for token holders, thats why Im asking about this. Because I didnt find info about this in WP
Nope, they dont offer any divident or specific benefit for token holders. But the investors will still get profit from token bonus or maybe if the token price goes up.


Aren't the Chinese temporarily banned from investing in ICO's?
The Chinese have banned the ICO in their country, they can not ban participation in other ICOs yet  Wink

As far as i know the Chinese are no longer allowed to participate in ICO's; however they will be able to buy the tokens on the exchanges later.
I expect China to regulate everything later this year. They see the kinds of money that are going in crypto and they just want a piece ..

If this is true, then they still need more information if they want to buy it later on some exchanges. So chinese translation isnt bad at all.
full member
Activity: 686
Merit: 101
Landlord can choose a tenant.
Let's say a tenant wants to rent an apartment for $ 1000 and decides to take part in an auction for 4 apartments.

Im little bit confused with this image.
How can 3 tenants win an auction with 1000$? Isnt the point of auctions that there's just one winner?


It's not 3 tenants but one tenant who bid $1000 for 4 different apartments and won the auction for 3 apartments (1,3,4) with his bid.
sr. member
Activity: 630
Merit: 276

Aren't the Chinese temporarily banned from investing in ICO's?
The Chinese have banned the ICO in their country, they can not ban participation in other ICOs yet  Wink

As far as i know the Chinese are no longer allowed to participate in ICO's; however they will be able to buy the tokens on the exchanges later.
I expect China to regulate everything later this year. They see the kinds of money that are going in crypto and they just want a piece ..


Think it will go faster then later this year. Later next month and China had everything regulated.
Glad all this FUD is settling because what China did wasnt that stupid Wink.

But staying on topic: The website is just for people who read Chinese Smiley, that doesnt mean they live in China.
full member
Activity: 798
Merit: 115
Landlord can choose a tenant.
Let's say a tenant wants to rent an apartment for $ 1000 and decides to take part in an auction for 4 apartments.

Im little bit confused with this image.
How can 3 tenants win an auction with 1000$? Isnt the point of auctions that there's just one winner?
sr. member
Activity: 616
Merit: 263

Aren't the Chinese temporarily banned from investing in ICO's?
The Chinese have banned the ICO in their country, they can not ban participation in other ICOs yet  Wink

As far as i know the Chinese are no longer allowed to participate in ICO's; however they will be able to buy the tokens on the exchanges later.
I expect China to regulate everything later this year. They see the kinds of money that are going in crypto and they just want a piece ..
full member
Activity: 420
Merit: 136

Aren't the Chinese temporarily banned from investing in ICO's?
The Chinese have banned the ICO in their country, they can not ban participation in other ICOs yet  Wink
full member
Activity: 210
Merit: 105

Aren't the Chinese temporarily banned from investing in ICO's?
full member
Activity: 574
Merit: 115
I really don't think that will be a problem. AirBnB is almost always used for short stays, while Relest is focused on more 'normal' long term renting.

Why choose long term renting? A crypto version of AirBnB would be a more logical application of cryptocurrencies. AirBnB requires you to pay in the currency the landlord asks. Anyone staying abroad for a long time needs to have the foreign currency anyway, but for a short stay being able to pay with a single universal currency would be more efficient.
sr. member
Activity: 1372
Merit: 259
Cant find this in whitepaper - Investors (token holders) will receive some dividends or no?
i think there is no dividends. i read whitepaper and understand what will be done when token in market. when maximum people will use token and pay rent in tokens and that means token price will increase on exchanges. if i am wrong please let me know. i will be happy if i understand more. thank you
I dont see on what bases you should get dividends from just holding tokens, with that logic you should get it for every token you buy on exchange.
I guess some projects offer you dividends if you invest those tokens somewhere.

That a good news, they cant miss this opportunity to attract Chinese investors.


yes, some other project offers dividents for token holders, thats why Im asking about this. Because I didnt find info about this in WP

This project doesn't offer dividends. I would be careful of projects that do, due to the SEC ruling.

Yes, I know about SEC rules. May be this is better in this way. hope for big increase price  Roll Eyes
full member
Activity: 336
Merit: 112
at the first look 2 things are coming into my mind if i was a landlord. one positive thing and one negative thing:
the positive thing first: because relest is auction based landlord will charge maybe higher fees than on a "free market"
but
the negative thing is that the landlord has less options to choose who should occupancy his estate. this might frighten a few landlords
I assume landlord will still be able to set some rules before auction who can rent his place. Like pets, kids, no smoking, age barrier and so on. So i guess if this demands wont be met, he can still turn down the highest bid and go for the second one.  

There are rules for this (; ... When someone wins the auction, his or her informations will be send to the landlord. Than they can visit the flat or the house and in this context the landlord can still say no.
So this means the auction is useless because at the end its the owners who get to decide whether he will rent his property or not, its a contradiction to the auction agreement.

I think this is a bit difficult. As I understand it before landlords can maybe say "no", but there is a rating system on the platform.

Let's say there is an tenant who wants to rent a flat of the landlord. He is bidding and wins the auction, which he got shown as ideal, because he has no pets, no kids and is non smoker for example, exactly what the landlord has written what he searchs. Well they meet and the landlord just say no, because he don't "like" the tenant. Well, then he can give a bad rating for this. If there are too many bad ratings, he has to face consequences.
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