Why ICP?

Why we chose to build on The Internet Computer

Building the Rentmase SuperApp on the Internet Computer Protocol (ICP) offers several advantages:

1. Decentralization: ICP is a decentralized protocol, which means it’s not controlled by any single entity. This can lead to increased trust and transparency for users.

2. Security: ICP uses advanced cryptography to secure data and transactions. This can provide a high level of security for Rentmase and our users.

3. Scalability: ICP is designed to scale, making it easy for our SuperApp to handle a large number of users and transactions without performance issues.

4. Interoperability: ICP allows for seamless integration with other decentralized applications (dApps) and services. Apart from dApps, ICP also makes it easy for us to integrate several other services including web 2.0 based projects.

5. Cost-Efficiency: With ICP, there are no traditional hosting costs. The protocol runs on a network of independent data centers, which can lead to cost savings.

6. User Experience: Building our SuperApp on ICP can offer a seamless and integrated experience across various functions, enhancing user convenience, increasing engagement, and driving customer loyalty.

7. Innovation: Building a superapp on ICP opens up new possibilities for innovative features and services, such as decentralized finance (DeFi), NFTs, and more.

8. Reverse-Gas Model: The reverse gas system on the Internet Computer Protocol (ICP) is an innovative approach to transaction fees. Unlike traditional blockchain networks where end users pay for computational outputs, the ICP employs a model where canisters—smart contracts loaded with “cycles”—cover the computational costs. This system is designed to add efficiency and cost-effectiveness to transaction processing. This reverse gas model facilitates a smoother user experience by freeing end users from the need to sign and approve every transaction, which is a common requirement in other blockchain systems.