In 2017 the car rental market generated an estimated $5.5 billion in US alone.
Mix.Rent is a new blockchain, enabled vehicle rental marketplace that wants to shake up that billion dollar market and improve user experience.
Here we’ll look at what Mix.Rent is and how it aims to provide a superior experience for it’s users with blockchain technology.
Mix.Rent is a marketplace where users can either list or rent vehicles. The marketplace provides users ratings, a smart contract enabled payment system and a communications channel.
Mix.Rent has already launched their marketplace. Mix.Rent has acquired 9,000 users with over 9,000 vehicles listed on the platform. Mix.Rent is operating in six countries including USA, Russia, Mexico, Canada, Australia and South Korea.
Problems In The Existing Car Rental Marketplace
There is currently no one “super platform” that exists across the globe where you can rent any kind of vehicle. This means that users who want to rent a vehicle need to search on multiple platforms or use aggregators. Mix.Rent wants to offer an all-in-one platform which can operate successfully on a global scale and enable it’s users to rent any kind of vehicle.
Another major issue facing someone wanting to rent a car is security deposits. The security deposit is used to guarantee that the vehicle will be returned in the same condition. The problem is that in same cases vehicle owners will claim the deposit when it should actually be returned. Mix.Rent will use smart contracts to overcome this problem. The terms of the deposit being returned will be written into the smart contract. Provided the terms are met then the deposit is returned.
Mix.Rent ICO Key facts
Token Symbol: MiX
Token Type: ERC-20
ICO Start Date 30.08.2018
MiX token price: 1 ETH equals 1200 MiX
Total number of MIX tokens: 100,000,000
Number of tokens being sold: 52,000,000
Softcap: 2,000 ETH
Hardcap: 60,000 ETH
Mix.Rent Website: https://mixrent.io/
Mix.Rent Facebook: https://www.facebook.com/mix.rent.team/
Mix.Rent LinkedIn: https://www.linkedin.com/company/mixrent/
Mix.Rent Twitter: https://twitter.com/MixRent
Mix.Rent Medium: https://medium.com/@mixrent