I’ve read a lot about similar projects ... But what are the rental deposits?!! Can I rent my bank account?! I'm shocked if its’ really true!
Hi g8stTDas,
The Rentberry community (tenants, landlords, friends, family or even Rentberry itself) will have the ability to utilize their BERRY tokens to cover a portion of rental security deposits for selected tenants in exchange for rewards in the form of BERRY tokens (i.e., an interest rate type return, paid in BERRY tokens, as a reward for having funded part of the security deposit). This will allow otherwise-qualified tenants who might otherwise not be able to afford a security deposit to rent an apartment, and by having others contribute to their security deposit, providing them with better reputational and financial credibility with potential landlords. This
will also give landlords access to a larger pool of qualified applicants and increase their ability to rent apartments.
On average, we expect community members to receive rewards in excess of 5% of the amount that they cover
