How it Works
The RentifyAI Ecosystem: How It Works
RentifyAI is a multi-faceted ecosystem that connects renters, asset owners, and stakers in a decentralized network. Here’s how it works:
Step 1: Asset Tokenization
Physical assets (e.g., real estate, vehicles, e-scooters) are tokenized as NFTs on the Ethereum blockchain.
These NFTs represent ownership and can be fractionalized, allowing multiple users to own a share of the asset.
Step 2: Listing & Renting
Asset owners list their tokenized assets on the RentifyAI platform.
Renters browse the platform, select assets, and enter into rental agreements powered by smart contracts.
Step 3: AI-Optimized Operations
AI algorithms set dynamic rental prices based on market demand, asset condition, and other factors.
Risk management tools assess renter credibility and monitor asset health to minimize risks.
Step 4: Decentralized Transactions
Rental payments are held in smart contract escrow and released upon fulfillment of terms.
Decentralized insurance protocols provide coverage for asset damage or loss.
Step 5: Profit-Sharing & Staking
A portion of rental profits is distributed to $RNT stakers as yields.
Stakers also participate in platform governance, influencing key decisions.
Last updated