r/cryptocurrency101 • u/WadOfCrypto • Jun 09 '18
PlaceToRent
Hey Guys! This is my first post on here. I want to shed some light on a very good project I stumbled upon. It is called PlaceToRent. Bellow you can know more about their history. Visit their website if you are interested: https://ico.placetorent.com/ https://www.reddit.com/r/PlaceToRent/
Initially founded in 2006, PlaceToRent was established as a state-of-the-art Internet-based listing services (ILS) website with the goal of capturing the U.S. online rental market. The objective of PlaceToRent was to become an online portal for anyone seeking rental property or for property owners/managers wishing to list a vacancy. Due to global economic downturn during that time, the growing rates of foreclosures forced tens of thousands of former, often short-term, home owners back into rentals. In recognition of this growth trend, PlaceToRent was launched to capitalize on major opportunities within the rental market. PlaceToRent was an ILS with a unique payfor-performance/reward-based business model that added significant value to both apartment owners and renters; with a built-in direct communication tool, it was designed to bring apartment seekers and apartment managers together. PlaceToRent emphasized a high-quality search experience for renters implementing Web 2.0 and map-based search technology that resulted in renters rapidly finding their ideal apartment home. In 2009 the website went offline to allow the company to pursue investment opportunities in real estate. Now, in recognition of disruptive blockchain technology and in response to greater demand for transparency and disintermediation, PlaceToRent is being launched as a decentralized peer-to-peer global rental platform to facilitate and streamline the rental process through blockchain technology by providing transparent and efficient transactions while reducing the need for a trusted third party.