The Rentberry ICO is currently running, with millions of $s already raised it looks set to sell out early.

What is Rentberry?

Rentberry is an existing company that's already been running for 2 years. The company was founded after the founders were frustrated having experienced the rental system in the US themselves.
Their new system will create a decentralized solution to store information on renters and landlords so that more trust can be built up between both parties. They aim to achieve the following goals:

• Decrease the need of agents, by providing a database of verifiable information on renters and landlords the need for an agent will no longer exist.
• Create a new international renting standard that benefits expats moving to new countries, sometimes it can be hard for them to rent in new countries, Rentberry will help to solve this by providing landlords with feedback that they've gained from renting in other countries.
• Cut down the need for so much cash to be stored as deposits due to the increased trust that is built up from the database.

The Rentberry token

Renters will be able to make payments directly on the platform using the new token. This will cut down on any transaction costs that they currently have to pay through credit cards. And also means that landlords won't have to worry about fraudulent chargebacks.

ICO Details

• Scheduled to run until 28th of February.
• Hardcap: $30 million
• Soft cap: $3 million
• Minimum purchase: 0.1 ETH
• Price: 1 ETH= 2500 BERRY

Conclusion

The rental market just keeps on growing in most countries due to the increased property prices making it difficult for people to purchase property.
The new platform should be able solve many problems such as a lack of trust and more importantly the amount of cash that needs to be 'frozen' from deposits.
The team behind the platform has a lot of experience in the market and the platform was already set up years ago, unlike many of the current ICOs they already have a working product.
With a large amount of money already raised this token sale looks set to be a success, if the team can stick to their roadmap then the price should gradually increase.