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Propy

Propy

Photo of members of Propy.

Photo of members of Propy.

Propyis a Silicon Valley-based Cryptocurrency Companyworking towards modernizing the Real estate industry through the use of Blockchain technology. [11] [0] [6] They are also an international real estate marketplace with a decentralized title registry and aim to enable remote buyers and sellers to complete real estate transactions globally with very little friction, paperwork, and waiting. [6]

Overview

Founded in 2015 by Natalia Karayaneva after at tempting to explain her idea for a blockchain-supported decentralized real estate market to venture capitalists. She was able lto secure financial investment of over $3 Million, the company's chief blockchain architect suggested selling tokens to the public using a prototype of the platform as a proof of concept.

Infrastructure

BBC World News on Propy: The Amazon of the Real Estate Industry Is on the Blockchain

BBC World News on Propy: The Amazon of the Real Estate Industry Is on the Blockchain

The team decided to build on the Ethereum blockchain as a Utility Token. The essence of the tokens are to allow write-access in the Propy registry and rewards.

Agreements

Serious fraud happens on a regular basis due to confusing or malicious legal agreements.

Property transfer requires months of waiting.

This inefficient communication significantly hinders liquidity, reducing potential value for buyers and sellers.

Due to these malpractices of sorts, Propy has agreements with Land Registries/Recording offices to use blockchain hashes for each ongoing transaction.

[11] Propy allows buyers, sellers, brokers, and escrow/title agents/notaries to come together through the utilization of a suite of smart contracts on blockchain to facilitate transactions.

[0]

From August to September, 2017, Propy held their ICO.

The number of tokens sold were 16036080.7347451 at a total supply of 100,000,000.

They raised 15,370,280 in PRO that were sold $1 per token.

[5] [9]

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References

[1]
Citation Linkpropy.comThe main website of Propy.
Nov 7, 2018, 9:13 PM
[2]
Citation Linkfacebook.comThe Facebook page of Propy.
Nov 7, 2018, 9:14 PM
[3]
Citation Linkt.meThe ν…”λ ˆκ·Έλž¨ of Propy.
Nov 7, 2018, 9:14 PM
[4]
Citation Linkreddit.comThe Reddit of Propy.
Nov 7, 2018, 9:14 PM
[5]
Citation Linktwitter.comThe Twitter page of Propy.
Nov 7, 2018, 9:15 PM
[6]
Citation Linktokensale.propy.comThe White Paper of Propy.
Nov 7, 2018, 9:15 PM
[7]
Citation Linklinkedin.comThe LinkedIn page of Propy.
Nov 7, 2018, 9:15 PM
[8]
Citation Linkfastcompany.comThe Fast Companyarticle about Propy.
Nov 7, 2018, 9:16 PM
[9]
Citation Linkhackernoon.comThe Hacker Noon blog posts about Propy.
Nov 7, 2018, 9:18 PM
[10]
Citation Linktokensale.propy.comThe Token sale of Propy.
Nov 7, 2018, 9:33 PM
[11]
Citation Linkcoinmarketcap.comThe CoinmarketCap of Propy.
Nov 7, 2018, 9:35 PM
[12]
Citation Linkicobench.comThe ICO Bench about Propy.
Nov 7, 2018, 9:38 PM
[13]
Citation Linkeveripedia-storage.s3.amazonaws.comMain logo of Propy.
Nov 7, 2018, 9:05 PM
[14]
Citation Linkeveripedia-storage.s3.amazonaws.comPhoto of members of Propy.
Nov 7, 2018, 9:06 PM
[15]
Citation Linkyoutu.beBBC World News on Propy: The Amazon of the Real Estate Industry Is on the Blockchain
Nov 7, 2018, 9:07 PM
[16]
Citation Linkyoutu.be
Propy - Game Changer for Global Real Estate
Nov 7, 2018, 9:07 PM
[17]
Citation Linkyoutu.be
CEO of Propy.com explains why real estate is better on the blockchain + stablecoins compared.
Nov 7, 2018, 9:13 PM