FairBNB is a new kind of rental platform designed to make renting homes safer, fairer, and simpler for everyone. It takes away confusing middlemen like brokers and agents who often charge huge fees and removes the risks tenants and landlords face with deposits and disputes. Using modern technology, FairBNB helps both landlords and tenants trust each other and complete rental transactions smoothly.
Check it out here: fairbnb.xyz
FairBNB Token (FBNB) contract: BNB Testnet Token
We are a rental marketplace and dispute resolution platform that uses innovative technology to replace the need for brokers and middlemen. Our system puts control back into the hands of landlords and tenants, making renting transparent, trustworthy, and less expensive.
Fun Fact: The name FairBNB is a triple entendre - a clever play on fairness, the popular rental platform Airbnb, and the blockchain network BNB Chain powering us. Feeling a bit like Kendrick Lamar with this level of wordplay!
Renting a house or apartment today can be costly and complicated. Brokers charge high fees—often equal to a whole month’s rent—and tenants usually have to block even more money as a security deposit. Issues with scams, unclear agreements, and disputes over damage or payments leave both landlords and tenants stressed and vulnerable.
Resolving problems is slow and expensive, often requiring legal help. This especially affects busy cities like Mumbai, where rental turnover is high and trust can be scarce. Many tenants lose money or get unfairly treated, and landlords face rental defaults and property misuse.
FairBNB changes the rental experience with a simple idea: trust and payments should be automatic, transparent, and fair—without relying on any intermediaries.
- Landlords list their properties as unique digital records that can’t be altered or faked.
- Tenants book these rentals by locking their money in a secure, automatic payment system.
- If there are no issues, payments are released fairly after the rental ends and deposits returned.
- If there is a dispute, a community jury made up of real people fairly reviews evidence and decides, with incentives that encourage honesty and unbiased judgment.
This creates a fair rental market with less hassle, lower costs, and real security for both sides.
FairBNB is built on blockchain technology—a way to keep records that are unchangeable and transparent. This technology powers our platform’s key features like digital property listings as NFTs, secure payment escrows, and decentralized dispute resolution.
Our goal is to make renting easier and safer, helping landlords rent out properties faster and tenants find trustworthy homes without overpaying or worrying about scams.
Landlords create unique digital tokens (NFTs) representing their rental properties. These tokens store all important details like the monthly rent, required deposit, and a small dispute fee that both tenant and landlord pay monthly. Pictures and documents related to the property are stored securely and cannot be altered or deleted.
When a tenant books a property, their rent, security deposit, and dispute fee are safely locked in a smart contract — a computer program that holds payments securely on the blockchain. The landlord only gets paid once the rental period ends and both parties confirm satisfaction.
Disputes can happen, and when they do, FairBNB ensures a transparent, unbiased, and fair resolution through a decentralized jury system:
- Any dispute raised requires the landlord and tenant to upload evidence such as photos and documents.
- These cases are reviewed by a randomly selected group of community members known as jurors.
- To ensure commitment and seriousness, jurors must stake tokens before they can participate in ruling cases.
- The jury members’ identities are fully hidden and anonymous, preventing bribery or external influence.
- Jurors are assigned cases randomly and have a fixed timeframe to review and vote.
- An odd number of jurors ensures decisions cannot be split evenly; majority rules.
- If the tenant wins the dispute, the landlord’s dispute fee is distributed as a reward among jurors to encourage honest and diligent decision-making.
- This system incentivizes jurors to act fairly and protects the community’s trust in the platform.
This decentralized autonomous organization (DAO) mechanism empowers the community to govern disputes effectively while rewarding their participation and integrity.
- If both parties agree that everything went well, the landlord receives the rental payments and dispute fees are returned.
- If a dispute is raised, it is examined by the community jury who fairly decide the outcome.
- If the tenant wins, the landlord’s dispute fee is shared among the jurors as a reward.
- Frontend built with Vite and React.js, styled using TailwindCSS and ShadCN, featuring a modern neo-brutalism design
- Backend powered by Node.js and Express.js
- Smart contracts developed in Solidity with Hardhat and Ethers.js for NFT minting, escrow, and DAO logic
- Rental listings, metadata, and dispute evidence stored on BNB Greenfield decentralized storage, with Pinata IPFS as a reliable fallback
- Runs on BNB Chain testnet, enabling fast and affordable transactions
- Image authenticity checks using EXIF metadata to detect photo tampering and ensure fair evidence presentation in disputes
- Machine learning models to analyze image authenticity and assign trust scores
- Potentially restricting photo uploads to live camera captures for even higher trust (still under evaluation)
- Backup data storage on IPFS to ensure no loss even if we face blockchain resets or upgrades
Renting via traditional means in cities like Mumbai involves upfront costs that are hard to afford: brokers take about one month’s rent as commission, and tenants deposit two months’ rent. These deposits tie up large sums that could otherwise be used productively.
FairBNB slashes these costs by charging just a 2% platform fee and requiring only one month’s rent as deposit in escrow. Our system also creates income opportunities for the community members who participate as jurors in dispute resolution. This model benefits landlords, tenants, and the community alike by making rentals more affordable and disputes fairer.
- We charge a 2% fee on escrow transactions to cover platform costs.
- Community jurors stake tokens to join dispute resolution and earn rewards from dispute fees. A portion of the dispute fees are shared with jurors, motivating fair decisions.
- The platform grows sustainably as more rentals happen, increasing transaction volumes and DAO participation.
BNB Chain provides the ideal infrastructure for FairBNB: a blockchain with very low fees per transaction, making monthly rent payments practical. It offers high transaction speeds to scale with growing users. Its decentralized storage system, BNB Greenfield, allows permanent, tamper-proof rental agreements and evidence storage at a low cost. The large BNB ecosystem offers ready wallets and tools to onboard users smoothly.
- Implement live video and timestamped evidence submission
- Build a reputation system scoring landlords, tenants, and jurors
- Expand from Mumbai to other Indian cities and eventually global rental markets
- Integrate with official property registries and local laws
- Enhance AI-powered tools for fraud detection and evidence verification
FairBNB is the fair, transparent, and cost-effective rental platform people have been waiting for. It removes unnecessary middlemen fees, protects payments securely, ensures verified listings, and offers a fair dispute resolution system powered by the people.
For tenants—say goodbye to huge upfront fees and risky deposits. For landlords—rent out your property more securely and confidently. For the community—earn rewards for helping others resolve disputes fairly.
FairBNB transforms property rentals into a straightforward, honest experience for everyone involved. With our innovative technology and community-driven governance, we create a trustworthy marketplace where landlords and tenants thrive.
Whether you are new to blockchain or not, FairBNB is designed to be easy, reliable, and beneficial for day-to-day renting. Try it now at fairbnb.xyz and experience the future of renting today.