Jalan Sukses: Mix.Rent: Platform to Rent and Share Vehicles

Previously, having a vehicle, e.g a car, of your own was considered the best way to get around. It was easy, convenient and other than the cost of maintenance, it was also cheap. But the scene is fast changing, a personal car is not necessarily an investment in an easier life and car renting is taking over car ownership for all its benefits. Car rental platforms have been around for a while now and are gradually making their presence felt in the rental industry across the world.

Mix.Rent is however not your regular car rental, founded by Timofey Kravtsov, Mix.Rent is decentralized vehicles rental platform based on the blockchain technology. With headquarters in Dublin, Republic of Ireland, Mix.Rent provides a decentralized marketplace for users to lease out or rent their vehicles from other users within the platform via the smart contracts protocol. In essence, Mix.Rent is disrupting the operations of existing rental industry by providing a secure and trust-able marketplace with a simple interface to facilitate the vehicles rentals.

Benefits of Mix.Rent

As the decentralized platform for vehicles rental, Mix.Rent is setting new standards for usability in the industry by providing the following benefits;

Credibility

By implementing the blockchain technology, Mix.Rent provides a secure and trustworthy platform for users by ensuring the transparency and credibility of all transactions performed on the platform. The blockchain technology offers a factual report on all users by recording all verified entries – transactions, reviews and comments into its database.

Low Fees

Most existing rentals charge as high as 35% as transaction fees for every rental. Mix.Rent provides an affordable platform by charging low fees to the users which are channeled back into the system for maintaining the platform.

Smart Contracts

Mix.Rent utilizes a technology based on the Ethereum blockchain known as the smart contracts protocol. This protocol works by eliminating the role of the middlemen in the vehicle hiring process by promoting direct peer to peer interaction between the vehicles owner and the user.

Mix.Rent Coin ICO

The team is running an ICO campaign to transform their business into a decentralized platform. For this purpose, they have issued an ERC20 MIX Tokens. They are also planning to introduce ERC223 or ERC777 tokens. The tokens will be used for all transactions on the platform.

The currency was created for the purpose of facilitating in app transactions eliminating the hassle of using different fiat currencies and digital currencies. Basically, transactions on the Mix.Rent platform will only be completed using this token. For its initial coin offering a total supply cap of 100 million tokens were created of which 52% being 52,000,000 MIX will be issued in the token sale. The remaining 48% will be distributed thus:

25% - Reserve Fund
10% - Team
8% - Partners & Advisors
5% - Bounty

The ICO will commence on the 17th of October 2018. The hard cap is set at 30,000,000 USD and the tokens will be sold at a rate of 1200 MIX per 1 ETH. There is 10% bonus will be available for investors during the ICO. The MIX token is expected to be available on cryptocurrency exchanges shortly after the completion of the ICO.

How Mix.Rent works

The platform provides a range of vehicles for hire from lessors. Users can rent/rent out cars, motorcycles, motor scooters, bicylces, snowmobiles, ATVs, limousines, helicopters, power boats, yachts, minibuses, jets, RVs, custom vehicles. All kinds of vehicles gathered in one place to be used for work and entertainment.

The owner needs to provide description of his vehicle, photo and the price to get customers on the platform and start earning. Once the listing is created the platform shows the average prices on the market.

All users need to do is select a their desired car, secure it for their desired period and make the payment via the MIX token or cryptocurrencies. Users can provide comments and feedback. The goal is to create a new blockchain-based rating system which will enable to quickly assess risks. Highly rated users get vehicles without security deposit.

Mix.Rent is a revolutionary platform in the vehicles rental industry with the goal or disrupting traditional and centralized rentals. The team aims to develop a platform that would allow users to rent various vehicles across the world. The developers state their Mix. Rent service now has more than 11,000 registered users who listed more than 7,000 vehicles.