FairBNB
FairBNB
FairBNB is a new kind of rental platform designed to make renting homes safer, fairer, and simpler for everyone. It removes confusing middlemen like brokers and agents who often charge huge fees and eliminates 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
What We Are
FairBNB is a rental marketplace and dispute resolution platform that uses innovative technology to replace the need for brokers and middlemen. The 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.
The Real-World Problem
Renting a house or apartment today is costly and complicated. Brokers charge high fees—often equal to one month’s rent—and tenants 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, usually requiring legal help. This especially affects busy cities like Mumbai where rental turnover is high and trust is scarce.
What We Do
FairBNB changes the rental experience with a simple idea: trust and payments should be automatic, transparent, and fair—without intermediaries.
- Landlords list properties as unique digital records that can’t be altered or faked.
- Tenants book rentals by locking 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’s a dispute, a community jury (real people!) fairly reviews evidence and decides, with incentives for honest judgment.
This creates a fair rental market with less hassle, lower costs, and real security for both sides.
Project Overview
FairBNB is built on blockchain technology—unchangeable, transparent records power our digital property listings (NFTs), secure payment escrows, and decentralized dispute resolution. The goal: make renting easier and safer for everyone, helping landlords rent faster and tenants find trustworthy homes without overpaying or worrying about scams.
How the Platform Works
Listing Properties as NFTs
Landlords create unique digital tokens (NFTs) representing their rental properties. These tokens store all important details: monthly rent, required deposit, small dispute fee (paid monthly by both sides), photos, and documents. Everything is stored securely and can’t be altered or deleted.
Booking and Escrow
Tenants booking a property have their rent, deposit, and dispute fee locked in a smart contract (blockchain computer program) that securely holds payments. The landlord gets paid only after the rental period ends and both parties confirm satisfaction.
Fair and Transparent Disputes with Community Jury
Disputes, if they arise, are resolved transparently by a decentralized jury system:
- Both parties upload evidence—photos and documents.
- A randomly selected group of community members, the jurors, review each case.
- Jurors must stake tokens before participating, ensuring commitment.
- Jurors’ identities are hidden and anonymous.
- Cases are assigned randomly and jurors must vote on time.
- An odd number of jurors ensures majority rules.
- If the tenant wins, the landlord's dispute fee is shared among jurors as a reward.
This DAO system empowers the community to resolve disputes honestly and rewards participation and integrity.
Typical Scenarios
- Agreement: landlord gets paid, dispute fees returned.
- Dispute: community jury decides.
- Tenant win: landlord's dispute fee is distributed as juror reward.
Technology Stack
- Frontend: Vite, React.js, TailwindCSS, ShadCN, neo-brutalism design
- Backend: Node.js, Express.js
- Smart contracts: Solidity, Hardhat, Ethers.js (NFT minting, escrow, DAO logic)
- Storage: BNB Greenfield, fallback Pinata IPFS
- Network: BNB Chain testnet (fast, affordable transactions)
Additional Ideas We Are Planning
- Image authenticity checks using EXIF metadata
- Machine learning models for image trust scores
- Restricting uploads to live camera captures (under evaluation)
- Backup data storage on IPFS for resilience
Economics and Market Impact
Renting in Mumbai usually means brokers take a full month’s rent as commission and tenants pay two months’ deposit. FairBNB slashes these costs: 2% platform fee and only one month’s rent required as deposit in escrow. Jurors earn income by resolving disputes—creating new opportunities for the community.
Financial Model
- 2% platform escrow fee
- Jurors stake tokens to join dispute resolution and earn dispute fee rewards
- Sustainable growth: rentals increase transaction volumes and DAO participation
Why We Use BNB Chain
BNB Chain offers low transaction fees, high speeds, and decentralized storage—perfect for monthly rent payments, permanent records, and secure storage. Plus, its ecosystem provides ready tools for user onboarding.
Future Directions
- Live video and timestamped evidence submission
- Reputation scores for landlords, tenants, jurors
- Expansion to other Indian cities and global markets
- Integration with official registries and local laws
- Enhanced AI tools for fraud detection and evidence checks
Why FairBNB?
FairBNB is the fair, transparent, and cost-effective rental platform that eliminates middlemen fees, protects payments, verifies listings, and offers community-powered dispute resolution.
For tenants: No more huge upfront fees or risky deposits.
For landlords: Secure, confident renting.
For the community: Earn rewards by helping resolve disputes fairly.
Conclusion
FairBNB transforms renting into a straightforward, honest experience for everyone. With innovative technology and community-driven governance, it creates a trustworthy marketplace where landlords and tenants thrive.
Whether new to blockchain or not, FairBNB is designed to be easy, reliable, and beneficial for daily rentals—visit fairbnb.xyz to experience the future of renting today.