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Propy

PRO

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

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.

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.

Propy's primary use case is to facilitate the buying and selling of real estate properties. By encapsulating property rights into NFTs, Propy aims to make real estate transactions similar to the trading of 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.

Market

United Kingdom Market Stats

Market cap

£218.6M

Volume (24h)

£5.6M

Circulating supply

100.0M PRO

Typical hold time

8 days

Popularity

#233

All time high

£4.93

Price change (1h)

+0.76%

Price change (24h)

-9.26%

Price change (7d)

-22.1%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Propy on social media

320 unique individuals are talking about Propy and it is ranked #541 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 3.2 out of 5. Finally, Propy is becoming more newsworthy, with 1 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 26.8% of tweets with bullish sentiment compared to 11.34% of tweets with a bearish sentiment about Propy. 61.86% of tweets were neutral about Propy. These sentiments are based on 97 tweets.

On Reddit, Propy was mentioned in 45 Reddit posts and there were 84 comments about Propy. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Powered by LunarCrush

Overview

Contributors

320 people

Volume rank

#541

Average Sentiment

3.2 out of 5

News Articles

1

Twitter

Reddit

Posts

45

Comments

84

Post Score

1,519

Comment Score

1,626

Propy is on the decline this week.

The price of Propy has increased by 0.76% in the last hour and decreased by 9.26% in the past 24 hours. Propy’s price has also fallen by 22.10% in the past week. The current price is £2.18 per PRO with a 24-hour trading volume of £5.60M. Currently, Propy is valued at 55.67% below its all time high of £4.93. This all-time high was the highest price paid for Propy since its launch.

The current circulating supply of Propy is 100,000,000 PRO which means that Propy has as total market cap of 100,000,000.

FAQ

What is the current price of Propy?

We update our Propy to GBP currency in real-time. Get the live price of Propy on Coinbase.

What is the market cap of Propy?

The current market cap of Propy is £218.57M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Propy?

The all-time high of Propy is £4.93. This all-time high is highest price paid for Propy since it was launched.

What is the 24 hour trading volume of Propy?

Over the last 24 hours, the trading volume of Propy is £5.60M.

What other assets are similar to Propy?

Assets that have a similar market cap to Propy include IDEX, Decimal, smARTOFGIVING, and many others. To see a full list, see our comparable market cap assets.

How many Propy are there?

The current circulating supply of Propy is 100 million.

What is the typical holding time of Propy?

The median time that Coinbase customers hold Propy before selling it or sending it to another account or address is 8 days.

What is the relative popularity of Propy?

Propy ranks 70 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Propy?

Currently, 98% of Coinbase users are buying Propy. In other words, 98% of Coinbase customers have increased their net position in Propy over the past 24 hours through trading.

Can I buy Propy on Coinbase?

Yes, Propy is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Propy guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024