Topic: [ANN][ICO]RentalCoins : A Decentralized Currency for the Sharing Economy (Read 367 times)

The ubiquity of Bitcoin has spawned an explosive growth of alternate cryptographic currencies, each having their own merits and shortcomings. Their specificity renders them suitable for certain needs. Rentalcoins is a value circulation system designed to power the burgeoning sharing economy while eliminating the constraints involved in transactions through conventional systems and other cryptocurrencies. The new paradigm emerges at the intersection of online social networks, mobile technology and rising cost of living which encourages sharing of assets replacing the age-old notion of ownership. Its unique capabilities make it ideal to facilitate direct investment into sharable assets, allowing people to build communities which take up fractional ownership of assets and engage in their rental thereby distributing the cost of ownership and simplifying transactions between proprietors and consumers. In the future, the protocol will reward members who pledge assets and process rental transactions. Developed by Drivezy, India’s largest peer-to-peer vehicle sharing marketplace, RentalCoins is tailored to unify sharing platforms and marketplaces from across the world.

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Drivezy, started as JustRide, is an Indian peer to peer vehicle sharing platform mentored by Google and Y.Combinator. Headquartered in Bangalore, the company also operates in the cities of Mumbai, Pune, Mysore and the Indian state of Goa.




Press Coverage for Drivezy:
Economic Times Tech: Y Combinator-backed JustRide to feature bikes for rent from mid February
Business Wire India: JustRide is Now Drivezy
TechCrunch: All 44 startups that launched at Y Combinator S16 Demo Day 1
VCCircle: Self-drive vehicle rental platform Drivezy raises $10 mn


The RentalCoins project is the next step in Drivezy's vision of a system that will allow communities to collaboratively finance shared vehicles and democratize ownership.

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Due to the large scope of the project, RentalCoins is being developed in two phases, each with their own token function and specifications.

*For Accredited Investors Only

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Built on the Ethereum blockchain, RentalCoins 1.0 is a distributed investment technology for the shared ownership of vehicles.

The first phase of the RentalCoins infrastructure requires the setup of 1300 shared vehicles across 9 strategically chosen Indian cities.


By purchasing RentalCoins 1.0 tokens, investors are collaborating towards the development of the vehicle sharing ecosystem. The underlying profit of RentalCoins will be gained by renting out the vehicles to individual customers. profit will be distributed amongst the token holders.


We are conducting two private RentalCoins 1.0 token sales for early investors. Our schedule for the first phase will be as follows:


Top press coverage for RentalCoins 1.0:

1. Economic Times: Drivezy gets $10 million in boot, to bring bitcoin payments
2. Bitcoin.com: Car Sharing Firm Gets $10 Million, Adds Bitcoin Payments
3. The Coin Telegraph: Indian Self-Drive Car Rental Firm Beats Uber in Bitcoin Adoption
4. The Telegraph: Drivezy Raises USD 10 Million from Investors across Three Continents
5. Business World: Drivezy Raises $10M From Investors across Three Continents

We've also been mentioned on social platforms such as Youtube and Bitcoin Talk:

1. Bitcoin talk: The Indian Self-Drive Rental Car Drivezy adopts Bitcoin,
                       A small self-drive rental firm in #India has raised $10 mln in funds
                      Indian Self-Drive Car Rental Firm Beats Uber in Bitcoin Adoption

2. YouTube: Indi Crypto
                     Cryptocurrency News
                     Crypto India

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Phase II aims to create a unified and decentralized system for a multitude of sharing markets.

RentalCoins 2.0 will be a decentralised, distributed and eventually open source cryptocurrency tailored for the peer to peer marketplace. It will be built on a native protocol that will integrate functions such as geo-location based pricing and secondary market trading.

Currently, sharing platforms are isolated from each other as centralised economic models create too much transactional overhead and do not allow for shared ownership of assets.

Rentalcoins solves this problem by breaking down assets into time slices and providing a fungible medium for the exchange of these time slices. It allows for fractional ownership of assets amongst members where each owner contributes according to their means and requirement.

In this phase, tokens will represent the value of time slices of the assets shared across platforms which accept Rentalcoins as a mode of transaction.

RentalCoins will allow for the sharing of assets across multiple different domains such as transportation, working and living space, consumer electronics, services and much much more.

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We will post updates about this project on this thread as and when they come. Any and all feedback from the community will be much appreciated.
 
Additional Press for RentalCoins 1.0 ICO:
 
BTC Ethereum : https://www.btcethereum.com/blog/2017/10/09/car-sharing-firm-gets-10-million-adds-bitcoin-payments/
Coinpedia : https://coinpedia.org/news/car-rental-firm-now-accepting-bitcoin-payments/
Blockchain Daily News: http://www.blockchaindailynews.com/Blockchain-Bitcoin-Crypto-Weekly-CXO-Briefing-for-week-starting-9th-October-2017_a25885.html
Your Story: https://yourstory.com/2017/10/drivezy-raises-funding-10-mn-das-capital-axan-ventures-crowdworks-farm/
Ethereum Best: http://www.ethereum.best/blog/2017/10/07/indian-self-drive-vehicle-rental-company-beats-uber-in-bitcoin-adoption/
SteemNews.Online: http://steemnews.online/indian-car-sharing-company-beats-uber-to-the-punch-with-bitcoin-adoption/
Financial Market Research: http://www.financial-marketresearch.com/bwidetails/?for=N&Value=lgdurQGPBL%2bK0jDAV268vQhnhtoD5ACdzAQ%3d