In the first phase, we shall convene two private ICO’s for the sale of coins: the first issuing 12.5M tokens, followed by a second sale (the details to be issued later). Rentalcoins can be purchased by exchanging Ether. Utilization of the funds raised in this phase shall be carried out according to the distribution described in section 8: Fund Utilization. We shall use a percentage of the amount raised in this phase to purchase a fleet of vehicles that would be listed for rent in selected cities. Customers can acquire time-based access to these cars by renting them through our platform. Rentalcoins 1.0 shall entitle the investors to a share in the monthly revenue generated by vehicles. The tokenization of shared vehicles provides the carsharing industry an opportunity to establish a pool of committed members who invest in shared assets. By building a smart contract system into the infrastructure itself, we have created a trustless system which ensures returns to the community without having to go through any middlemen. Over the course of the project, we shall commence services in five additional cities. By the end of Phase I Drivezy shall be operational in nine Indian cities. The true power of Rentalcoins comes from its ability to allow for fractional ownership of an asset where a group of individuals collectively finance an asset and each individual stakeholder contributes according to their need and means.
Rentalcoins allow people to build communities which take up collaborative ownership of assets and engage in their rental. It attempts to lower the cost of ownership by effectuating fractional ownership of resources and simplify transactions between proprietors and consumers.
Rentalcoins construct a decentralized structure to open up investments in the global market. They will use their cryptographic token to build a value exchange system.
Attention. There is a risk that unverified members are not actually members of the team
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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