Propy
PRO
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About Propy
PRO is an Ethereum token that powers Propy, a platform for international real estate transactions. The PRO token is used to pay for platform fees such as for modifying and creating title and deed contracts.
Resources
Propy (PRO) is a digital asset that operates on the Ethereum platform, with the aim of transforming the real estate industry by introducing blockchain technology. It seeks to encapsulate ownership rights of real estate properties into Non-Fungible Tokens (NFTs), thereby striving to facilitate the transfer of these rights in a trustless and efficient manner. Propy aims to make real estate transactions as easy and accessible as e-commerce, by digitizing the entire process. The Propy token (PRO) is an integral part of this ecosystem, used for transaction settlements and data access within the Propy network.
Propy works by encapsulating the ownership rights of real estate properties into NFTs. These NFTs are then listed on the Propy marketplace, where they can be bought and sold. The transfer of an NFT equates to the transfer of ownership rights of the corresponding property. Propy has developed a legal framework that aims to facilitate the transfer of ownership rights via NFTs, without the need for government land registration processes. The platform also incorporates Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols to ensure compliance with regulatory regimes.
Propy's primary use case is to facilitate the buying and selling of real estate properties in a more efficient and transparent manner. By encapsulating property rights into NFTs, Propy aims to make real estate transactions as simple as trading digital assets. This could potentially open up the real estate market to a wider audience, including those in the cryptocurrency community. Additionally, Propy's price prediction feature aims to provide users with insights into potential future real estate prices, providing valuable insights for buyers and investors. The platform also offers potential benefits for real estate agents, who could receive royalty fees from future sales if they are the first to NFT a property.
Propy was conceived with the vision of aiming to transform the real estate industry by leveraging blockchain technology. The platform was developed to automate the real estate transaction process and make it more transparent and efficient. Propy's infrastructure aims to facilitate three types of transactions: traditional deals using fiat payments, deals using cryptocurrencies, and deals involving the sale of NFTs representing real estate properties. Over time, Propy has integrated various features into its platform, including KYC and AML protocols, a price prediction tool, and a legal framework for transacting real estate via NFTs.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Market
Market stats
$189.1M
$5.8M
100.0M PRO
10 days
#326
$6.15
Market performance
+3.87%
+3.11%
-18.67%
-28.76%
-25.69%
+432.83%
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Social
Some highlights about Propy on social media
73 unique individuals are talking about Propy and it is ranked #1,004 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Propy has an average sentiment score of 3.1 out of 5. Finally, Propy is becoming more newsworthy, with 0 news articles published about Propy. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Propy. There were 25% of tweets with bullish sentiment compared to 8.33% of tweets with a bearish sentiment about Propy. 66.67% of tweets were neutral about Propy. These sentiments are based on 11 tweets.
On Reddit, Propy was mentioned in 6 Reddit posts and there were 9 comments about Propy. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
73 people
8 posts
0.02%
#1,004
3.1 out of 5
11 people
25%
Bullish
66.67%
Neutral
8.33%
Bearish