RENC: A PEER TO PEER DECENTRALIZED VEHICLE SHARING PLATFORM.

Presently, there are traditional online sharing platforms that render services such as renting of different classes of vehicles for different occasions and to different classes of customers.

Although vehicle sharing sector is very essential and there have been a lot of patronage, yet there are various hindrances affecting the effective delivery of these services to users. In order to solve these problems, a team of experienced Developers put their heads together and came out with this one of its kind’s innovative project known as RENTALCOIN (RENC) using the blockchain technology.

THE CREATION OF RENC

It was based on the need to offer an effective and efficient vehicle sharing services using a mobile platform that gave birth to the creation of RENC blockchain project. The creation of this peer to peer platform using a smart contract for transactions is to offer solution to the numerous problems individuals and organization face in the vehicle sharing economy and also to provide solutions to the environmental and economic problems globally thereby adding value to lives and helping mutual growth amongst individuals.

WHAT PROBLEMS IS RENC SOLVING?

Some of the problems facing the traditional online vehicle sharing platforms are:

1. Lack of adequate rewards and incentives: In the traditional vehicle sharing platforms there is no appropriate rewards or incentive to encourage and motivate the users.

2. Interferences by middlemen: their services are usually interrupted by a central body which act as middlemen in the management of such sharing platforms

3. Delay in service delivery and transactions: most times transactions are delayed and this may also delay service delivery.

4. The problem of trust: it is difficult for customers to trust the traditional vehicle sharing system and do business with them.

5. Lack of adequate security. This is usually one of the factors in the traditional sharing platform, as the security of users is not guaranteed.

However, the above listed challenges and more are the reasons why RENC has decided to integrate its sharing platform into the smart contract using the blockchain technology and offer a unique coin that will serve several purposes and revolutionize the vehicle sharing industries globally.

THE DIFFERENT ECONOMY

THE GREAT FEATURES OF RENC THAT ARE MEANT TO SOLVE CURRENT PROBLEMS IN THE VEHICLE SHARING INDUSTRIES.

1. RENC is a peer to peer platform using the smart contract it designed to offer safe and transparent services to users.

2. With the use of the blochain technology and smart contract, RENC offers a decentralized transaction without delays.

3. RENC is trusted: with the use of the smart contract RENC platform does not require trust.

4. No middlemen: RENC is a Decentralized ecosystem therefore there is no need for any middleman to interfere.

5. RENC platform is safe and secure for transactions at all times globally using the Decentralized wallet.

HOW RENC PLATFORM WORKS

THE UNIQUE BENEFITS OF USING RENC

There are several benefits of using RENC peer to peer platform for your vehicle sharing services. Some of the benefits include but not limited to:

1. Users enjoy price stability thereby increasing the value of the RENC .

2. Users are sure of safety of their funds and personal data with the Decentralized platform.

3. In order to enable the market to flourish and favour the community, RENC is designed to offer a credible platform for users to gain access to a convenient, fast and easy transaction of funds.

4. Users are offered a unique wallet service that enhances safe and efficient financial transactions with proof of transactions.

5. Depending on the number activities, users will benefit from daily token releases which will be distributed through platform service providers. The higher the activities on the platform the higher the rewards users are to receive from service providers.

6. With RENC users also enjoy integrated market; this is because the platform is designed to connect service providers and customers to communicate with each other on a peer to peer basis globally.

THE COIN