REVIEW OF PROPY PROJECT (PRO COIN) – LATEST INFORMATION AND UPDATES ABOUT THE PROJECT
What is Propy (PRO)?
Propy is a platform that uses blockchain technology to simplify the home buying experience and eliminate fraudulent transactions. The idea of the project is to process a traditional real estate transaction entirely online. Therefore, incentives, purchase agreements signed with DocuSign, secure banking payments and deed of title are all taken care of. Propy claims their platforms will save customers 10 hours of paperwork per transaction.
What problem was Propy created to solve?
The real problem is the lack of international standards or comprehensively available platforms for the electronic transfer and recording of real estate. Each country (and in some cases, as in the US, even individual countries) maintains its own registry and establishes national (or local) rules for systems. property rights registry was developed to handle local real estate transfers but is not fully equipped to handle international title transfers. As a result, there is a poorer experience for people on both sides. In addition, the informality of procedures common in certain jurisdictions makes them particularly vulnerable to fraud or forgery. Currently, there is no tool that allows real estate investors to research,
How did Propy solve the above problems?
Propy aims to solve the problems facing international real estate transactions by creating a unified asset repository and asset transfer platform for the global real estate industry. Initially, the Propy Registry will reflect the official land registries in which real estate transfers are recorded. Ultimately, however, Propy's vision is for jurisdictions to accept the Propy Registry as the official ledger of records.
The Propy Registry constitutes a legal transfer of property and a legal register for such transfer. By leveraging Propy's Registration System and smart contract platform, unnecessary delays and obstacles inherent to legacy property rights registry systems can be eliminated. The propy platform seeks to enhance the security of transactions while minimizing inefficiencies through the innovative use of mobile, cloud and blockchain technologies linking buyers, sellers, investors and registries around the world.
The process of buying and selling real estate through the Propy . platform
Propy buying and selling process
Sellers listing a property in Propy Dapp
Buyer finds a property in Propy Dapp that matches his criteria.
Buyer submits an offer via smart contract to the registry with minimal legal compliance conditions (including specifying whether to include an inspection report.)
The seller accepts an offer by signing it with their electronic signature.
The middleman performs their actions (checks and other requirements of the smart contract, provided by the buyer).
Once the conditions mentioned above are met, a smart contract will trigger the payment system for the buyer to pay in crypto (any currency may be supported).
The smart contract accepts payment and transfers ownership to the new owner on the Propy registry once all terms and conditions are met.
PRO token basics
Token Name: Propy
Blockchain : Ethereum
Token Standard : ERC-20
Total Supply: 100.000.000 PRO
Circulating Supply: 57.896.591 PRO
Pro coin allocation chart
Token Sale: 35%
Network development : 35%
Donation : 15%
Development : 15%
Token Release Schedule
What is PRO token used for?
Pay fees when using services on the platform.
PRO token storage wallet
PRO is an ERC20 token, so you will have a lot of wallet options to store this token. You can choose from the following wallets:
Popular ETH wallets: Metamask, Myetherwallet, Mycrypto, Coin98 Wallet
Cold wallets: Ledger, Trezor
How to earn and own PRO tokens
Buy directly on the exchange.
Where to buy and sell PRO tokens?
Currently PRO is traded on many different exchanges with a total daily trading volume of about 8.5 million USD. The exchanges that list this token include: Coinbase Exchange, Bitrue, Huobi Global, Hoo.com, HitBTC, Sushiswap.
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