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To make an international Real-Estate purchase, individuals need to work with multiple intermediaries including Brokers, Escrow services, Land Registry Services, as well as Money Transmitters. Piles of paperwork need to be compiled and signed.
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.
Propy works with current legislation to facilitate transactions while also providing a superior blockchain infrastructure which can be adopted by various entities to reduce redundancy and fraud.
For example, Propy has agreements with Land Registries/Recording offices to use blockchain hashes for each ongoing transaction.
Stats
Total Supply 100,000,000 Standard Ethereum ERC20 Type Utility token type Grants- Write-access in Propy Registry
- Rewards
- Aggregates property listing from prominent global cities and advertises them to foreign investors in their native language
- Provides each home listing with information for foreign buyers and with a unique innovative Sustainability Score for homes
- Brokers and real estate corporations will use the system to more easily access foreign buyers and to close transactions instantly and securely online
- The consumers (buyers and sellers) will be able to trade real estate assets in real time faster, cheaper and more securely
- Propy Utility Tokens (PRO) serve multiple functions, including economic incentives for the community to attract new users and partners, and security — as a fee to protect the registry from flood and other types of abuse
15 Sep 2016
Real estate marketplace launched
15 Dec 2016
Transacting prototype
25 Jul 2017
Tokensale
15 Oct 2017
Beta testing
15 Dec 2017
Transacting tool in production
20 jul 2020
P2P transactions
Verified 8%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
