RentalCoins

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.