Here’s a question: “On average, how much time do you spend when buying or selling a new house?” sometimes days and even months… Right?
But don’t worry. Recently, many blockchain projects have been introduced to tackle this problem. One such project is ‘Propy.’
In this blog post, we will discuss what Propy is, its features, and how you can buy the PRO tokens.
What Is the Propy Platform?
Propy is a startup with leaders from Silicon Valley backing it up in addition to the NAR REACH technology growth program. Utilizing blockchain technology, it is disrupting the traditional real estate market. The ultimate objective is to enable real estate transactions based on smart contracts to occur online and autonomously.
They seek to automate the closing process for all parties involved in a real estate purchase so that the closure can be completed more quickly, with fewer headaches and more safety. Their products assist real estate agents, and title companies in transitioning to closings on the blockchain.
What Is a PRO Token?
PRO is the primary utility token of the project. In the Propy ecosystem, the PRO tokens are intended to unlock a smart contract for title transfer. The Propy platform was designed to make it easy and intuitive for users to use PROs.
Current trading price: $0.3294
Market capitalization: 33.06 million
Total supply: 100.00 million
History of Propy
Natalia Karayaneva, a seasoned real estate industry professional, is the one who developed and launched Propy in the year 2016. She was frustrated that real estate transactions required a great deal of time and were filled with opportunities for fraud. Propy was developed to fully automate the real estate transaction process to realize this goal.
They launched their initial coin offering (ICO) for the entire month on August 15th, 2017. Their initial coin offering was conducted on the ERC20 platform, with a total token pool of 35 million. The fact that about 16 million tokens were sold for one dollar each was a tremendous achievement for the corporation.
Features of Propy
The goal of the real estate platform offered by Propy is to simplify the processing of tokenized land while preserving its users' sense of security. Smart contracts provide the necessary transparency for the transactions. It serves both individual and institutional investors as its customers.
The company has also created the first blockchain-based title registry approved by the government. The platform has been of assistance in the buying of thousands of homes.
Efficiency Closing Process
Using the platform's Smart Contracts, they aim to streamline the closing process more quickly and with fewer errors. The conclusion of your transaction will be more trustworthy. Through the use of integrated earnest money deposits, they will safeguard your customers against fraud committed via wire transfer.
They will manage your transaction on Propy's platform, ensuring that your clients are kept informed and facilitating communication with them. They have a staff of knowledgeable title and escrow officers who are entirely devoted to ensuring the success of their clients.
Compliance and Security
Propy's automated technology will help you save time during the auditing process. All documentation about the transaction can be reviewed and approved straightforwardly by the Transaction Coordinators, Auditors, or whoever initiated the transaction.
Using the safe document storage tool, you may upload, download, and forward any of your files at any time and from any location. Every document uploaded to a deal stage will immediately be placed in storage. This is done to make the process simpler.
Fantastic Management Tool
Buyer agents don't need a Propy account to participate; they only need to fill in the offer data. You are notified immediately by text message and email of any received responses or offers.
Using the tool, you and the seller simply compare and contrast the conditions of the offers, reply, and make counter offers when you share them. In addition, you can export the dashboard to a spreadsheet with a single click. And finally, you will be able to communicate with your buyers and sellers ten times more effectively.
What Makes Propy (PRO) Unique?
The unique thing about Propy is it introduced blockchain technology into the real estate market. Customers will save money and time while also benefitting from increased transparency and efficiency in all worldwide property transactions thanks to the Propy platform.
Propy is a real answer to a big issue, and the company has its sights set on the vast global market it may serve. Even though Propy's team has a lofty objective of becoming the official registry of countries, they have shown they can accomplish this so far.
The powerful team and advisors worked diligently and fast to acquire critical agreements with various government entities. One of its most significant characteristics is that the initiative complies with the law, which is essential in establishing the platform's legitimacy.
How to Buy PRO Coins?
CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including PRO, users can now trade easily and seamlessly.
To buy PRO, first, you must create an account on CoinEx and proceed as follows.
If you already have a CoinEx account, this is how to purchase and sell PRO on CoinEx:
- To access your CoinEx account, visit the website or launch the app and enter your email and password.
- Put funds in your account to make PRO purchases. You can deposit the funds via bank transfer, credit card, etc.
- Once you have funds in your account, you may buy PRO by going to the PRO trading page and choosing the trading pair you wish to use.
- Tokens (USDT, BTC, ETH, and CET, etc.) can be exchanged for PRO. Put in your order and the quantity you want to buy.