๐ŸŽ Renting Program

Renting program provides a unique opportunity for the people who cannot afford to own an NFT horse and for the players who donโ€™t have free time to play but do not want to sell their horses. This program permits the horse owners to rent out their horses to the players who do not own or cannot afford to own an NFT horse at a mutually agreed price and duration.

The Metahorse will facilitate such transactions through an escrow account (trustee account) in which the renter will deposit rental fees and earnings from races will be transferred. The amounts in the escrow account will then be disbursed to both parties as per the terms finalized in the rental agreement. Moreover, the rented-out NFTs will also be held in that escrow account for security purposes.

Rental Process

The Metahorse platform offers fixed and profit-sharing methods of racehorse renting. The major rewards that the players can have through renting include Experience points, METAH, and horse attributes.

Fixed Rental

The fixed rental is a mechanism of renting out NFT Horse for a mutually agreed, fixed time and rent. In this case, once both parties, the horse owner and renter sign an electronic agreement stating all the terms of the deal. Once the contract is signed the NFT racehorse will be transferred to Metahorse Escrow Wallet and the owner will receive the rent of the NFT horse from the escrow account. At the end of the agreement duration period, the horse will be sent back to the Horse ownerโ€™s wallet.

Profit-Sharing

The second rental type offers profit sharing between owner and renter. In the profit-sharing system, horse owners draw up the terms of the rental agreement (i.e. profit sharing percentage, contract time, expense sharing, and so on) on the Metahorse dashboard and then place the ad on the open marketplace where players from around the globe can bid on it or simply accept the offer. In this rental type, the horse owners can call back the NFT horse anytime, if the horse renter is underperforming then the standards that were explicitly stated and mutually agreed in the agreement. The horse owner then rents out the horse again to another renter who commits to perform at par with the required standards.

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