I have a few questions that will help me to decide wether to get involved or not. I've read the white pages etc....and they don't clearly address a few things. My first question is how are you evaluating the rentberry token in terms of its Fiat value? I see that you offer the ability to purchase rentberry tokens in the form of Bitcoin or Ethereum but with the volatility of both depending on when you make your investment makes the value of a berry token from one individual to next can vastly different.
I believe I saw somewhere that you were roughly equating one Berry token to be the equal of $0.26 USD. That was in December now that comes out to roughly $0.45 usd a berry token. Once you've implemented the token system what are you going to be valuing the token at?
I also read that the token is primarily to be used within your system and any trading outside is not condoned though it may happen. I also read that you don't want speculators buying tokens and dumping them after the Ico, and primaly you want them to be used on your platform. As an investor/ homeowner why would I want a berry token? Where is the gain to an investor.
Hello etrane79,
Thanks for your interest in Rentberry token sale. We will try to place the answers below:
The value of the token is determined due to various factors on the market. We are not going to predict the price, however, some expected fees in fiat vc BRRY coins are described in Whitepaper.
BERRY is a utility token. Token holder will not receive any profit sharing, dividends or equity in the company.
The purpose of the BERRY token is to make rental experience more efficient. The whole Rentberry platform will be tokenized. Tenants and landlords will be able to perform numerous transactions on the platform much faster, more secure and cheaper than before. For example, tenants will be able to pay for rental applications using BERRY tokens and landlords will be able to use BERRY tokens to promote their properties, etc. The payment in BERRY tokens will be much cheaper than the equivalent payment in fiat (for example, tenants can pay $9.99 for rental application in fiat or equivalent of $4.99 in BERRY tokens).
But the main purpose of BERRY token is helping tenants to save millions in rental deposits. Community members (can be anyone) can use tokens to back financially tenants and receive rewards in return (interest rate).