STOW IT is a peer-to-peer storage marketplace. We help match individuals that have extra space such as garages, land, and barns with individuals that need storage for vehicles, boats, trailers, and RVs. Hosts list their extra space on the STOW IT platform. Renter’s request and book the space. STOW IT handles all payment processing and creates a seamless rental transaction backed by guarantees and secure payment processing.
When Co-founder Devin Eldridge moved his family across town he had trouble finding storage. “We were forced to settle for a $400, one month contract, for storage that we used for three days. Since then we have found so many people that have similar pains with storage for their belongings, boats, RVs, and vehicles.” The initial focus for STOW IT is to help people find vehicle storage.
STOW IT has already started to change how people use their space and find storage by providing a disruptive model to a slow changing industry. STOW IT will continue to be a pioneer by bringing blockchain technology to a user base that otherwise would not interact with tokens and blockchain. The technology will allow an easy and understandable first known interaction with blockchain that allows the technology to further efforts to become more commonplace.
To introduce blockchain technology into its technology stack, STOW IT is creating the STOW IT token, an ERC20-compliant token that operates on the Ethereum blockchain. “Hosts” who list and rent their physical space to tenants on the STOW IT web application, will be rewarded for their efforts to maximize the experience for their renters through the rewards in the form of the STOW IT token. The primary utility of the token is to continue to provide incentives for milestones and good peer-to-peer interactions between users. Likewise, STOW IT “Renters”, will now receive STOW IT tokens as they conform to best practices during interactions with their Host peers on the STOW IT platform.
Often the time period between token issuance and execution is a lengthy process, however, since the STOW IT product is ready for tokenization, the utilization of the token will have a very short time to market. Many projects in the blockchain space have been speculative based on the thesis of the project and team behind it. Future projects will be required to show proof of the token functionality in decentralized applications in order to bring value to token holders. STOW IT helps bridge the gap between the future of blockchain technology and today’s marketplace and user reality.