RENC SHARING PLATFORM

The Articles
3 min readSep 14, 2018

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What is ​RENC?

Future of RENC Blockchain, RENC blockchain project started with the interest in a shareable vehicle which can be available to share their resources with each other on the mobile platform. P2P Carsharing provides a solution of the world from economic and environmental problems based on sharing consensus for each other’s interests. The goal of RENC group is to contribute to the mutual growth of humanity.

RENC Platform

The RENC Platform extends and establishes a car-sharing service, makes a paradigm in a sharing economy and ensures that all consumers are safe, with no risk and thorough transaction proof, P2P settlement, and fast and convenient decentralized transactions through smart contracts. It is a systematic platform.

  1. Settlement of car sharing platform business The RentalCurrency(RENC) platform for car sharing business allows users to easily purchase products by introducing the application of various types of encrypted currencies between users, and they can build a relationship where mutual benefits can be realized based on stability and trust in smart contracts and payment processing. All members using RENC connected to the real-time RENC network will be encouraged to expand their use of Ethernet-based block-chained decentralization technology. The daily token supply will be adjusted to suit all activities within the community.
  2. No risk, security-enhancedWallet Service! RENC system is to provide price stabilization to reduce the instability of demand requirements. The demand-based coin distribution system in the RENC community is used for fixed coin supply and floating exchange rate RENC will automatically adjust to solve the problem. The RENC system will also operate and provide a credible platform for members to be safe, easy to use, convenient, and immediate financial transactions so that the community market can flourish.
  3. Reliable and stable asset and Reward system! Incentive-based daily compensation system. The coinage of RENC depends on the amount of interaction between the service provider and the users. The more you increase your activity, the more rewards you will get. Users with more activity will benefit from daily token releases distributed through platform service providers. Coin rewards can be distributed using a fair and transparent system so that users can deposit up to 0% — 2% additional coins per day into their wallets.

CONCLUSION

  1. Based on ethereum-based blockchain technology, developed the architecture to handle the transaction data more securely and more easily, considering multi-functional wallet, P2P exchange system, premium tokenization, community reward, smart contract, and incentive compensation system for facilitating the public rental service.
  2. Our RENC is a systematic Crypto-Currency that is constructed to take advantage of its value by establishing a considerable progressive position in terms of processing speed and security/stability.
  3. Overall community activities related to RENC are implemented in such a way that all activities can be realized by mutual benefits and reliability of all users, and the contents and construction blockchain technologies are always open and sharing their values with anyone.

“RetalCurrency(RENC) was maded to create and maintain social value through production activities based on user’s platform, smart trading activities and business environment, contribution to community, and creator’s efforts to mutually share the benefits for the effectiveness of the overall rental service.”

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