Blockchain platform BitRent has announced its token sale with 40% bonus during ICO pre-sale.
Construction processes are mostly monitoredmanually. It slows down processes and increases labor costs. Blockchain platform Bitrent had a solution to this problem: using modules and structures needed to control construction processes in real time. Bitrent offers users the ability to control their building processes and reduce the investment cost of building stocks.
BitRent’s mission is to make investing in real estate worldwide easy, transparent and profitable. BitRent uses a combination of techniques that allow users to control the construction processes. These techniques include open BIM modeling and computerized monitoring using RFID chips to make investments in commercial and residential construction construction transparent and predictable. Investors can invest in real estate here without a minimum entry threshold. Online mode allows them to control building processes and receive dividends when construction is complete. Users can receive data about open spaces or commercial objects.
The Building Information Modeling technology allows all BitRent users to monitor a project at any time. The technology collects information on architecture, engineering, technology and economics of construction. A 3D model is available on a smartphone. Investors can examine a building right from the first sketches and decide whether a building is worthwhile. BIM technology prevents investors from making wrong investments.
A smart contract is an algorithm that is self-executed and self-governing. Smart contracts can control both the construction schedule and the return on investment. It will ensure that all investors receive dividends when construction is complete.
BitRent seeks funding through ICO crowdfunding. The platform releases its Ethereum-based RNT tokens. The token sale will start on December 1st, 2017 11:00 UTC and will last until March 1st, 2018. You can use the RNT tokens to participate in activities on the platform. 1 billion tokens will be issued, 699 million will be sold at the ICO.
200 million tokens will already be released during the pre-sale, which starts on November 24th at 11:00 UTC. 100 million tokens are reserved at BitRent and will not be offered for sale. During the advance sale, chips can only be purchased from ETH. BTC is also accepted in the ICO phase. The minimum purchase price is 0.01 ETH.