Rentible Expands to Real World Assets: Introducing the Fundraising Contract
This week, we were thrilled to announce the expansion of our infrastructure into Real World Assets (RWA). Part of the excitement, kicking off a three-part article series that delves into the smart contracts powering our robust technical solution. First up, let’s explore the Fundraising Contract.
With Rentible’s latest advancements, DAOs and forward-thinking innovators will soon have the tools to tokenize Real World Assets, enabling fractional ownership for retail investors who may not have the means to purchase an entire property outright. Our aim is to democratize access to real estate investment, simplifying fund-raising, tenancy management, and the distribution of fractional yields.
The Journey Begins with the Fundraising Contract
Imagine a picturesque holiday home in Benidorm priced at $130k, awaiting acquisition by a DAO or property management company intent on offering fractional shares to its members.
Rentible’s contract require the DAO to mint dedicated tokens for this transaction — let’s call them BenidormRWA (BRWA). Users will swap stablecoin for BRWA, and these tokens will serve as the foundation for yield distribution and other administrative functions, setting the stage for a fundraising campaign. The campaign itself is structured with a specific goal in USDT, a defined ticket size (contribution unit), a set deadline, among other technical parameters.
Once the campaign goes live, retail investors can claim a stake in this Spanish gem by swapping as little as 250 USDT for an ownership unit. The terms are straightforward: purchase 250 USDT units either before the campaign deadline or before the tokens sell out.
In our demo environment, this offering proved irresistible, quickly attracting a whale among just four total buyers, allowing them to share the BRWA based on their respective contributions:
Once the fundraising is finalized by the DAO, USDT from the Fundraising smart contract is transferred to their wallet to purchase the property and manage the practicalities, while Contributors can claim there BRWA, just like here:
The full utility of BRWA will be further explored in our upcoming Yield Distribution article.
Dive Deeper
Comprehensive technical documentation will soon be integrated into our whitepaper. In the meantime, we encourage you not to hesitate — explore the code and review all demo transactions below:
https://sepolia.etherscan.io/address/0xc1ab0ef061962ffe0fde9650bce829032024c173
Great News for RNB Holders
The contract imposes a 2.5% commission on both the BRWA tokens and the USDT raised. By the end of this series, you’ll discover how this arrangement could potentially transform RNB holders into virtual (fractional) real estate tycoons, simply by holding RNB.
Stay tuned.
