BizShake is committed to improving community life by creating a fully decentralized P2P sharing ecosystem based on NEO blockchain technology, aiming to allow users to monetize their assets in forms of renting and pawning, while greatly reducing intermediary costs. In the P2P Sharing Economy 2.0 paradigm, Blockchain will execute transactions and payments; in this case the trust that is indispensable during the P2P transaction is provided by the Blockchain. BizShake applications will provide users with market access and business logic, for which a very small fee will be charged.
Features
BizShake will be accessible through mobile apps for iOS and Android.
BizShake lets users rent items through the SmartRent platform. Users pay a deposit to rent an item for a specified period of time – like an hour, a week, a month, or a year.
SmartPawn lets users pawn items in exchange for a short-term loan – just like an ordinary pawn shop.
BizShake will have an asset verification and certification system called SmartCertify. That system will work with Certifier Users who can certify that a particular asset is exactly as described by the owner. Certifier Users can apply for qualification, then undergo “a rigorous review” from BizShake to analyze their accreditation and professionalism.
How BizShake P2P Blockchain Renting & Pawning Works
BizShake will be accessible through mobile apps for iOS and Android. You’ll also be able to purchase it over a web platform.
The core functions of the platform include “SmartRent” and “SmartPawn”. Here’s how each works:
SmartRent
The idea of SmartRent is to allow users to lease assets to other users for a specific period of time. You might have a chainsaw, for example, that you’re not currently using. You list the asset on SmartRent along with a rental fee, pictures of the asset, and any additional information. You can set different rental rates by the hour, day, week, or month. You can also fill out a calendar explaining which dates the asset will be available to be leased, the geographical area where the asset will be available to shipped and handed over, the value of the asset, and the amount of deposit that will be locked by the blockchain.
The user leasing the asset – the lessor – will be able to set different deposit amounts for users with different credibility levels. Someone with a high credibility level, for example, may pay a significantly lower deposit than someone with a low credibility level.
The time limit on the rental period will be set by a smart contract.
SmartPawn
SmartPawn allows users – called “pawners” – to obtain a short-term loan backed by the value of an asset. You’re “pawning” your asset to another user, and that user is providing a loan based on the value of that asset. It works just like an ordinary pawn shop – just built on blockchain technology.
BizShake BZS Token ICO Details
BizShake is currently applying for US SEC Reg A+ in order to be compliant with ICO regulations to release BZS security tokens for the intended token sale in October 2018. BizShake will also launch the alpha version of their application functionalities before the intended token generating event.
BZS is the currency that will be used in the BizShake network. 1 NEO is equivalent to 185 BZS. It can also be used for the monetization of assets, payment purposes, and rewarding active community members.
Total tokens quantity: 200,000,000
Token Available at Sales: 100,000,000
Token ticker: BZS
Token type: NEP-5
STO event dates: Private sale: Oct 1st, 2018 – Oct 14th, 2018
Crowd sale: Oct 15th, 2018 – Oct 31st, 2018
Accepted Cryptocurrency for the STO event: NEO, GAS, ONT
BizShake Conclusion
BizShake aims to change the way we rent and pawn items online. The blockchain-based platform uses smart contracts to manage lending and pawning agreements. You can use BizShake to rent or pawn your own assets, for example, and generate income from things you’re not currently using. All transactions are secured over the blockchain and completed using BizShake’s native BZS tokens.
For more information, please visit the link below:
Bounty0x Username : Radentraffi
Website : http://bizshake.io/
Whitepaper : http://bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG_1.pdf
Facebook : http://www.facebook.com/bizshake/
Twitter : http://twitter.com/BizShake_ico
Telegram: http://t.me/bizshake
Blog : http://medium.com/bizshake
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