THELOGICALINDIAN - Portion is an accessible decentralized exchange congenital on Bitcoins blockchain Using Portions acute asset tags users will be able to acquire bitcoins by renting out annihilation to added users Bitcoincom bent up with CEO Jason Rosenstein to apprentice added about his new venture
Also Read: Bitcoin Freelance Marketplace Rein Launches in Beta
The New York-based 11-man aggregation abaft Portion is currently finalizing their angel allotment and artefact development, including an iOS app. The aggregation has launched a new website and is currently attractive for beta testers for their accessible artefact barrage in April.
Renting With Smart Tags
Renting out bare goods, aggregate from an old toy to a new affective truck, can be catchy on a website such as Craigslist because items are not able-bodied tracked and buying is not assured. Portion uses adhering “holographic smart-tags” to represent a concrete account as a 
virtual asset on the blockchain, which can again be acclimated to prove the actuality of the concrete account as able-bodied as its custody. “Smart-tags are artifice aggressive and leave a watermark if removed”, Portion website says.
To put an account up for hire application Portion, a user “simply tags that account thereby authoritative it ‘smart-property’”, Rosenstein explained to Bitcoin.com.
“Once tagged, the alone will upload artefact details, images, rental period, and all added capacity to the marketplace”, he conveyed. When addition user wants to hire that account at an agreed aloft amount and duration, the account will be delivered to the renter, he detailed.
Beta testers will be application the ‘freemium’ archetypal which will acquiesce them to accommodate assets aural their groups of friends. “This ‘closed network’ access will acquiesce users to tag, loan, and clue appurtenances to those they apperceive at no fee. This will accommodate Portion with the insights and chump acknowledgment we charge to abide to be successful”, the CEO described.
Using Bitcoin’s Blockchain
Rosenstein said that “payments accurate will be bitcoin & USD”, abacus that:
Specifically, “We will be application Counterparty to actualize assets”, he added described, acquainted that “This will all be bleared to the end user, who is artlessly somebody adulatory to put a acceptable on the market”.
“Smart affairs are activated to facilitate the marketplace, payments, security, and added acute logistics”, he expressed. Using an archetype of a being loaning out a camera lens, he said the lens “becomes smart-property afterwards it has been tagged with a Portion tag”. The cryptographic asset apery the lens is beatific amid smartphone apps.
Rates and Fees
Rental ante are set by the user for anniversary item. “Users can allegation whatever they want”, Rosenstein said.
For Portion’s fee, the aggregation is still “exploring algorithms to account fees” but the CEO believes that “it is about accustomed in the rental amplitude to allegation amid 10% – 20%”, so approaching fees in that ambit may apply.
However, Portion affairs to accommodate smart-tags for chargeless at first. “Each alone will be able to annex 5 acute tags at no cost. From there, we will accelerate added at no amount if they become a ability user”, Rosenstein revealed. “This will ensure we abide to abound and breeding our advocates and accord them aggregate they charge to accomplish our exchange as aqueous as possible”.
What do you anticipate of Portion? Let us apperceive in the comments area below.
Images address of Shutterstock and Portion
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