ReCoop Rentals NFT Game
We are building and launching an accelerated, gamified version of the ReCoop System. This ‘game’ will allow players to experience and understand how booking in our system will work. The goal of the game is to accumulate Gold Passes, Points on a Silver Pass, and COOP Coins. Some assets may be redeemable during our conversion into real properties.
What is ReCoop Rentals NFT Game?
ReCoop is revolutionizing the real estate industry by transforming traditional rent payments into a wealth-building strategy, facilitated through a cooperative living model. Using blockchain technology, ReCoop enables renters to accumulate equity-like points via COOP coins, earned with each rent payment. These points can be used to gain benefits within the network, such as discounts on rentals that only cover maintenance and utilities, fostering a sense of investment and ownership among tenants.
How many ReCoop Rentals NFT are there?
- Player NFT Drop: At launch, players can purchase unique Player NFTs with randomized jobs/incomes.
- Income Generation: Staked Player NFTs earn income in [Fake] Dollars via airdrop, based on the NFT's job.
- Use of Income: Income is mainly used to pay rent.
- Property Types:Â
+ ReCoop Properties: Owned by ReCoop Rentals.
+ Landlord-Owned Properties: Fully player-owned, generating income through staking, similar to Player NFTs.
- Conversion: Convert to a ReCoop property by purchasing a ReCoop - License, which cancels automatic income, lists rooms for rent, and makes rent eligible for rewards. The license renews yearly for up to 3 years.
ReCoop Rentals Gameplay Overview
- Auctions:Â
+ When a booking is made, the room goes to auction for 12 hours. The winning bid secures the booking.
+ Silver Rooms: Players bid up monthly rent.
+ Gold Rooms: Players bid up a non-refundable deposit.
- Booking Management:
+ Once an auction is won, the renter can buy an option to renew the booking before a set time (e.g., 15 days before the booking ends).
+ The option allows the renter to extend the booking up to the initial booking length or until the next reservation, whichever is longer.
- Unexercised Options: Silver and Gold rooms are open for bookings if the renewal option is not exercised within the time frame.
- Cancel a Booking: Players can cancel a booking for a penalty.
- Property Room Ratios:
+ Adjustable Ratios: ReCoop can set the cap ratio of Gold to Silver rooms within predefined limits.
+ Default Cap Ratio: 20% Gold Rooms, 80% Silver Rooms.
- Time Acceleration: Game time is sped up, with 1 month of real-time equaling 1 year in-game.
