Name of Project: fRENT
Application type: Investment
fRENT is a platform where users will rent apartments ( owners and those who need an apartment to rent ) like Airbnb but the difference is that it will be internationally immune to inflation because all settlements will be done using $fRENT which is tokenized rental time - ultimate currency.
So, for the blockchain community, it will not matter from now on what is the price for rent in any part of the world as long as you have $fRENT and someone from the country you are looking for is listing his apartments for rent on fRENT platform because fRENT is rental time unit that is exchanged for staying in the selected apartment. At this time $fRENT was created and has its Gem mine on tokenjenny.one where collected fees are to be used for fRENT platform development.
The outcome I plan to have is a platform built on Harmony where apartment owners will list for renting their apartments and users will be able to rent those apartments in exchange for tokenized rental time $fRENT.
At this time $fRENT has 25 Gem miners and 42 holders as per Harmony Explorer data. Talking about the number of listed apartments around the world I aim for no less than Airbnb - 6 million apartments listed and no less than 150 million users, taking into account that Harmony is a cross-chain application and the number of crypto users grows rapidly being now ar approximately 200 million users.
The main strategy of acquiring users is partnerships/integrations with the same existing Airbnb and similar services around the world, to exclude rivalry and create cooperative and harmonious growth for all projects, extending rental opportunities for crypto space, saving people from inflationary effects on rental prices around the world, and currency exchange affiliated losses.
The help I need is in creating the platform itself based on Harmony smart contract and further integrations when partnerships will be agreed upon.
I see from this point now that to get the platform up and running I will need 70 thousand USD ( LLC registration in Ukraine under Virtual Assets law conditions, devs hiring, partnership building expanses covering)
Metrics for success
- Devs hired and start building the platform
- LLC registration done
- Partnership building process planed and started
- Medium article fRENT — Real rent for crypto. Dear friends, As we said before… | by Grozav Dumitru | Jul, 2021 | Medium
- $fRENT Gem mine: TokenJenny.ONE