What Is The Rentals Network?

The first ever decentralized and blockchain based vacation rentals network has just been launched by LaComunity. This new agnostic marketplace is now available for all stakeholders involved in this sector, including property owners, managers, guests and online distribution websites among others. LaComunity is already renowned as one of the best vacation rental websites and their new rentals marketplace is certainly worth a look.

This new rental network is built on the foundation of blockchain technology that includes a token a decentralized app and an accompanying marketplace. The marketplace will feature all the necessary decentralized protocols like Ethereum based smart contracts. The advantage of using this type of independent or open model is that this new platform offers all market players the chance for making better profits through reaching more clients thanks to increased credibility and efficiency.

The authorized token that is designed to be used in this new platform is the rentals token or TRT. This token will be critical for reducing the existing supply chain inefficiencies, which will help to significantly cut down the exorbitant fees that most vacation platforms charge.

The TRT token is Ethereum ERC-20 compatible and offers savings of more than 25% in all transactions on the platform, while also incorporating all the necessary information linked to the vacation rentals and participants involved in every transaction. Thus, the token helps builds trust in the platform while preventing fraud, false opinions or clerical errors in availability of rentals and prices as well.

According to the CEO and founder of this new platform, Francesc Sanz, this TRT token could become the main payment standard that will be used by all vacation rentals across the world. He believes that the fact that the token does not feature any commissions makes it a unique project that can incentivize and solve problems simultaneously for all parties involved.

Additionally, Mr. Sanz also has an ambitious target of creating the first completely decentralized blockchain platform for the travel market, specifically in Europe, as well as introducing new travel DApps.

The first pre-sale is planned for September with the ICO starting at 5 million euros. This phase will involve current partners, early adopters across the world and strategic partners as well. It is scheduled to run from 17/9/2018 to 30/9/2018. Investors who miss out on the first phase can take advantage of the second pre-sale phase of TRT sale that will run from 1st to 31st October.

The second stage of the initial coin offering will involve 20 million euros and it should start in November. Overall, the ICO intends to achieve the maximum sale of 25 million euros, which is equal to 1.35 billion TRT tokens. The benefit of investing at the pre-sale stage is that you will get a huge discount on token prices, either 45% or 20%. However, those who purchase tokens in November should expect to pay full price.

There has been significant interest in what this rental network offer and its benefits with over half a million euros already committed.  for all players involved in the vacation rentals sector. According to LaComunity, they expect their innovative decentralized app to become fully operational in October along with the TRT tokens for immediate use across a robust network of more than 20,000 vacation properties all over the world.

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