Propy (PRO) is a platform or ecosystem where individuals can buy property using preferred crypto like Bitcoin and Ethereum. It is the first platform that harmonizes property listings making it less cumbersome for individuals tp buy and sell real estate across borders. It is built on the Ethereum blockchain to allow for seamless integration into the clients' wallets.
The Propy platform is real-estate market place incorporating various stakeholders. In this platform, brokers are paid aShow more [+] mmission based on the transaction made. Tokens generated for writing data on this platform are stored in a Special Reward Smart Contract. Holders of PRO are rewarded with the aggregated tokens based on the PRO they hold. Token distributions are normally kept in the blockchain where members of the network can validate any rewards and transactions. All documents pertaining the sale or buying of a property are recorded on the public ledger. As of the moment, Propy is utilizing the conventional land registry, but is planning on establishing Propy registry.
Propy's main aim is to deal with the challenges global real estate deals face. Propy tokens are available on various exchanges including Huobi, Liqui, Bittrex, Upbit, HitBTC among others. Propy's IPO raised about $16 million with their token going at $1.
The platform is led by an able team of mathematicians, scientists and IT experts. Some of these experts include Natalia Karayaneva, the Chief Executive Officer (CEO), Andrey Zamovskiy, the Chief Blockchain Architect and Alexander Voloshyn, the Chief Technical Officer (CTO).