Topic: RENTBERRY - DECENTRALIZED HOME RENTAL PLATFORM - page 116. (Read 28569 times)

In my opinion this means that on the Rentberry you won't be able to exchange eth/fiat/btc for berry, also they're going to make their erc20 compliant to regulatory agencies like the SEC

You lost me there Can you elaborate on the difference?

Due to a large number of projects that lead us to future problems, certainly submission and demonstration of mastery of the concept that is being applied, is still the best way to pass even more credibility on your project. Testing on platform comes soon after, any project that presents such, deserves all attention and credibility

Could it be that the second paragraph has something to do whether Berry tokens are considered an Utility or a Security token? And that to comply with the SEC regulations they try to get their tokens deemed  as an Utility token?

You are right, I would also suggest a video. Nowadays it is very important and a video is always a clear advertising measurement.

I'd guess in the 1st paragraph they just say that they won't act like an exchange but don't exclude that their tokens can be traded on exchanges.

The 2nd paragraph I actually don't understand. Changing the functionality of Berry tokens?? What other functionality they should have? No idea what that means.

This is an ERC20 token. they can't stop you from trading it.etherdelta will have it on their exchange as soon as the tokens are sent.

I also think that the Rentberry system can be profitable for each users, fees will be lower than actual fees on the rental market. The project is really worth it I think, it can profit a lot from the explosion of the blockchain to develop a big platform for home rental.

Going through the T&Cs. How should i interpret the below paragraphs? Does it mean BERRY will not be on an exchange ever? Once i have bought the Tokens and vesting period has passed, i can never exchange them back to ETH and get out?? Can someone please clarify.

BERRY Tokens do not have any functionality or utility outside the Rentberry Platform.

The functionality and utility of Berry Tokens will therefore be limited to interacting with users/content within the confines of a single platform. BERRY Tokens will not have any functionality or utility outside the Rentberry Platform. It is therefore intended that BERRY Tokens will continuously circulate within the Rentberry Platform ecosystem. The Rentberry Platform will therefore be structured as a “closed system” insofar as the use of BERRY Tokens is concerned. Whilst it is possible that a secondary market could develop for trading BERRY Tokens, the Company will not create such secondary markets nor will it act as an exchange for BERRY Tokens. To the extent a secondary market or exchange for trading BERRY Tokens does develop, it would be run and operated wholly independently of the Company, the BERRY Token Sale and the Rentberry Platform.

Possibility of change to the intended functionality of BERRY Tokens
PLEASE NOTE THAT WE ARE IN THE PROCESS OF UNDERTAKING A LEGAL AND REGULATORY ANALYSIS OF THE FUNCTIONALITY OF BERRY TOKENS. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, WE MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY OF BERRY TOKENS IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH WE ARE SUBJECT. WE SHALL PUBLISH A NOTICE ON OUR WEBSITE OF ANY CHANGES THAT WE DECIDE TO MAKE TO THE FUNCTIONALITY OF BERRY TOKENS AND IT IS YOUR RESPONSIBILITY TO REGULARLY CHECK OUR WEBSITE FOR ANY SUCH NOTICES. ON THE CONLCUSION OF THIS ANALYSIS, WE WILL DECIDE WHETHER OR NOT TO CHANGE THE FUNCTIONALITY OF BERRY TOKENS.

A video is a great idea, I also think that the opinion of users is usually a good indicator of confidence.

What’s up. Tell me if you don’t mind, will I be able to communicate with the landlord after signing a contract if I have any questions?

Your platform is just for classical renting right? Can it be used for short term renting like at AirBNB?

is there any transaction charge for renter and landlord?   How are you going to attract more landlords to make available their property on your platform?  

There will be some sort of scoring system for both tenants and landlords. I'm not sure about the details, but I agree that quality checks are crucial here.

I can understand Rigorous, as the most important part, the soft cap, already got realized. But I also think a counter could be very helpful. As an potential investor I would like to see how many tokens are already sold.

that one of the benefits. other projects underscored this as well. glad to see such competition in the field.

Nevertheless, a counter would be helpful to see how many tokens are left for sale and how the speed of the sale is in general. So I am pretty happy, that rentberry already confirmed that there will be a live counter during the 5th Bonus Stage.

I think a review video would be better.
More real and trustworthy.

I think, the process of renting real estate with Rentberry will become less expensive due to absence of intermediaries in form of realtors.  

For something you can use pictures along with personal review by both parts. But is not very easy to manage it.