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Relest – REST ICO Auction Platform For Real Estate Rentals?

The tokenization revolution is currently disrupting many different industries. While the effects of initial coin offerings have mostly affected small-scale microtransaction based platforms, the latest wave of cryptocurrency token platforms has larger industries set firmly in their sights.

A new initial coin offering is aiming to revolutionize the way in which prospective tenants bid on new leases, view real estate, and interact with property owners and landlords. The Relest platform is aiming to position itself as the go-to service for both landlords and renters, eliminating the high fees and delays that are associated with traditional rental agreements and house hunting.

In this article, we’ll take a look at the Relest platform and find out what it offers to help you determine whether it’s worth investing in the upcoming Relest ICO.

What Is Relest?

Relest is a new crypto platform that is intended to function as a real estate auction service. Instead of offering users the ability to bid on the ownership of a property, however, Relest aims to provide users with the ability to bid on leases for renting real estate.

The Relest platform, in addition to providing traditional auction services, will also allow both tenants and property owners to offer traditional rental agreements. The Relest platform will be available via an iOS and Android app, and will use the hardware incorporated by most modern smartphones to provide a wide range of features.

Using the Relest app it will be possible to calculate travel time from a property to specific geo locations, such as offices, schools, or shops, as well as estimate the ideal price of the rental agreement based on data analysis. Relest will also offer users the ability to view 3D photos of the space, and even use native platform cryptocurrency tokens to share utility bills and communicate with the landlord.

Relest will operate on a crypto token called REST. These tokens can be converted into fiat currency via a card service, and then transferred back into the Relest account area. Users requiring fiat currency operations are able to execute transactions with a tied bank card, with currency exchange facilitated through different cryptocurrency exchanges. Unlike traditional wire transfer, this service is completely fee-free.

The Relest ICO

The Relest initial coin offering will run from the 25th of November 2017 to the 25th of December 2017. The total supply of REST tokes will be limited to 20,000,000 tokens, with each token equivalent to 0.001 ETH.

The Relest token will operate on the ERC20 standard, which facilitates streamlined smart contract execution for peer to peer payment and rental agreements. 80% of the tokens sold during the crowdsale will be provided to investors, while 10% will be reserved for the Relest team, 3% for advisors, 3% for bounties, and 4% for reserve.

Relest Verdict

The Relest platform is an innovative approach to real estate rental and if executed correctly, is set to disrupt the real estate industry at large. If you’re looking for a strong real estate based ICO to invest in, Relest is definitely worth consideration.

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