The crypto industry is truly disrupting other major business segments including real estate. Propy is a platform that brings real estate to blockchain. Think of it as the bridge between traditional property transactions and the future of digital ownership.
For a very long time, all kinds of transactions around real estate were prone to rampant fraud and excruciatingly painful long processes to register real estate on the ledger. Natalia Karayaneva, a real estate prodigy, saw blockchain as the best solution in plain sight. Launched in 2017, the native token of Propy now stands at a staggering $96M market cap.
In this article, we will take you through what makes Propy truly unique and how you can invest in its native token called $PRO
What is the technology behind Propy and how does it work?
At its core, Propy uses blockchain technology to make buying and selling property as easy as ordering takeout (well, almost). The platform’s smart contracts handle all the heavy lifting, automating the herculean closing processes that usually take weeks or months.
But it’s not just about speed. Propy’s system includes some clever features that make the whole process smoother:
- Tokenized property ownership makes transferring real estate as simple as sending an email
- Government-approved blockchain title registry (yes, they’re the first to pull this off)
- Built-in protection against wire transfer fraud through secure earnest money deposits
- Real-time transaction tracking and communication tools
- For real estate agents, Propy is like having a personal assistant who never sleeps. The platform handles offer management, document storage, and client communication all in one place. Buyers’ agents don’t even need a Propy account to submit offers – they just fill out the information, and the system takes care of the rest.
What are the Use Cases of Propy?
Propy (PRO) is a cryptocurrency designed to transform the real estate industry by harnessing blockchain technology. Its primary function is to facilitate property transactions on the blockchain, ensuring a more secure and efficient buying and selling process.
By reducing reliance on intermediaries like brokers and lawyers, Propy minimizes transaction costs while enhancing transparency and security. The blockchain-based system ensures that all transactions are immutable and fraud-resistant, offering a trustworthy alternative to traditional real estate processes.
One of Propy’s standout features is its online property marketplace, which enables users to browse, buy, and sell properties globally. This platform utilizes smart contracts to automate key transaction steps, significantly speeding up the process while reducing costs. By leveraging blockchain technology, Propy eliminates inefficiencies and makes real estate transactions more accessible to a wider audience.
To expand its adoption, Propy has partnered with major companies like Leju, reaching millions of potential homebuyers. These strategic partnerships integrate Propy’s technology into existing real estate markets, making blockchain-powered property transactions more mainstream.
Beyond its practical applications, Propy aims to disrupt the real estate industry by introducing automation and decentralization. By streamlining transactions and reducing reliance on intermediaries, Propy enhances efficiency, lowers costs, and simplifies the home-buying process.
Additionally, Propy’s blockchain-based system provides a secure, tamper-proof record of all transactions, making it highly beneficial for regulatory compliance and auditing. This transparent and immutable ledger ensures that transaction data is easily accessible, reducing the risk of fraud and errors in real estate dealings.
What Are Tokenized Real-World Assets?
Tokenized real-world assets (RWAs) are a revolutionary innovation in blockchain and finance. They involve converting traditional physical assets—such as real estate—into digital tokens, often represented as NFTs, on a blockchain network. This process enhances accessibility, security, and efficiency in asset ownership and trading.
What are the Benefits of Tokenized Real-World Assets?
Tokenizing RWAs like real estate unlocks numerous advantages for investors and property owners. Here are some of the key benefits:
Increased Efficiency
Traditional real estate transactions are often slow and burdened by paperwork and administrative processes. Tokenized assets streamline these transactions through blockchain technology, enabling faster settlements with reduced fees. The automated nature of smart contracts eliminates intermediaries, making the process more seamless and cost-effective.
Enhanced Transparency and Security
Blockchain technology provides a secure and immutable ledger for tracking ownership and transaction history. This significantly reduces the risk of fraud and human error compared to conventional, paper-based systems. With tokenized ownership records being tamper-proof and easily verifiable, disputes over ownership can be minimized.
Improved Liquidity
Unlike traditional real estate investments, which are often illiquid, tokenized assets can be traded on cryptocurrency exchanges, making it easier for investors to buy and sell their holdings. This increased liquidity opens up real estate investment opportunities to a broader audience, including retail investors who may not have access to traditional real estate markets.
Who Founded Propy?
Propy (PRO) is a leading innovator in the blockchain real estate sector, driven by a visionary team dedicated to transforming property transactions. At the helm is Natalia Karayaneva, Propy’s CEO, whose extensive experience as a real estate developer and software engineer has been pivotal in shaping the platform’s mission to streamline real estate deals through blockchain technology.
Another key figure is Denitza Tyufekchieva, who leverages her expertise in business development and international relations to expand Propy’s global presence. Maria Angelova, with a strong background in finance and operations, ensures the platform’s efficiency and reliability, reinforcing Propy’s commitment to seamless and secure real estate transactions.
Propy Coin Tokenomics: Utility, Vesting & Allocation of Propy Coins
Propy (PRO) is the utility token for Propy, a blockchain-based real estate marketplace that aims to create a decentralized global platform for property transactions. The PRO token, an ERC-20 standard token on the Ethereum blockchain, is central to the Propy ecosystem and has a fixed total supply of 100 million tokens.
Token Utility and Demand Drivers For Propy
- Transaction Fees: PRO tokens are used to pay transaction fees on the Propy platform for buying and selling real estate.
- Access to Services: PRO token holders can access enhanced features like advanced search options and exclusive listings.
- Minting Deed NFTs: PRO is essential for minting deed NFTs, which transform property titles into verifiable digital assets on the blockchain.
- Incentives: Propy incentivizes real estate professionals to use the platform by rewarding them with PRO tokens, expanding the user base and promoting PRO usage in real estate transactions6.
- Governance: PRO tokens are used in community governance systems, allowing holders to participate in decision-making processes.
- Staking: PRO tokens can be used for staking, providing additional rewards and helping secure the network.
Token Allocation and Distribution of Propy
The 100 million PRO tokens were initially distributed to support the platform’s growth and incentivize participation from various stakeholders:
- 35% – Token Sale
- 35% – Network Growth
- 15% – Company Tokens
- 15% – Donation
The strategic allocation of tokens includes development funds, community incentives, and team allocations with specific vesting periods aligned with Propy’s growth milestones1. This fixed supply ensures scarcity, which can help maintain the token’s value over time.
Propy Token Price and Market Performance
Source: TradingView
At the time of writing, PRO token is trading at $0.9714. Propy coin holds a market cap of $97.07M. The PRO token has shown remarkable resilience and growth potential in the cryptocurrency market. While it once reached an all-time high of $6.15, the current price point offers an interesting entry opportunity for investors.
Looking ahead, market analysts project that PRO could reach between $1.14 and $2.12 by 2025, suggesting significant upside potential.
If PRO holds above the support zone, it may attempt to break resistance, signaling upward momentum. However, failure to sustain levels above $0.86 could lead to further downside pressure. Traders should closely monitor these levels for potential breakout or retracement opportunities.
Propy (PRO) is showing strong momentum signals based on key moving averages. The 20 EMA is on an upward trajectory, suggesting short-term bullish momentum, while the 50 MA is acting as dynamic support, reinforcing stability in price movements. Additionally, the 200 MA indicates a long-term bullish trend, signaling overall market strength.
A potential Golden Cross forming on lower timeframes could further confirm bullish momentum, attracting more buyers and potentially driving the price higher.
Propy (PRO) is currently in neutral territory, with the RSI (14) at 42.345, indicating a slight bearish bias. The Stochastic RSI at 32.202 suggests the token is approaching oversold levels, which could lead to a potential rebound if buying pressure increases. However, the MACD is showing bearish divergence at -0.001, signaling weakening momentum in the short term. Despite this, the ADX (14) at 36.288 confirms a strong trend momentum, meaning any breakout—whether up or down—could be significant.
How to Buy/ Sell PRO Tokens?
To buy $PRO, you need to create an account on Bitunix. If you are already a registered user, you can skip this step.
Next, you need to deposit USDT in your Bitunix account. Simply head to your profile and click on the wallet icon. Next, click on deposit and follow the steps to deposit crypto in your account.
To trade in PRO/USDT, navigate to the main menu and click on the Markets tab and select ‘Marketplace’.
Next, look up for PRO/USDT and click on the search icon.
Next, click on trade to open the trading window for PRO/USDT.
You can choose to place a limit or a market order for buying and selling PRO tokens.
How to Buy USDT on Bitunix?
If you don’t own crypto, you can buy crypto from our third party on-ramp crypto providers. Simply head to the Buy Crypto tab in the main menu and choose Third party.
Next, choose your currency, the amount and the provider you wish to proceed with.
Once done, choose your preferred mode of payment (bank transfer, Apple Pay or credit/debit card.
Now enter the details and make the payment. Once done, your crypto will be deposited directly into your Bitunix account and you are ready to trade.
