Overview

  • Country USA
  • CategoryReal Estate/ Real Estate Marketplace

Global property store with decentralized title registry.

Project stage

Working product

Detailed description

Propy’s vision is to ultimately enable a global real estate market with a unified real-time purchase interface and a decentralized title registry. It is being designed to allow real estate assets to become more liquid while providing users with greater control over the transaction process. 

To achieve that goal, Propy intends to further the development of a new ecosystem of token holders, brokers, governments and end users incentivized to support the transition to a seamless, secure, and globally recognized real estate transaction network.

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.

Problem

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.

Solution

Propy aims to solve the problems facing international real estate transactions by creating a novel unified property store and asset transfer platform for the global real estate industry. Initially the Propy Registry will mirror official land registry records in which transfers of real estate are recorded.

Ultimately, however, Propy’s vision is that jurisdictions will adopt the Propy Registry as their official ledger of record such that the transfer of a property on the Propy Registry constitutes the legal transfer of the property and the legal registration of that transfer.

Features

  • Web-based platform Propy & iOS App Propy;
  • Messenger;
  • Localization in site and application is available in Chinese, Russian, and Arabic;
  • Brokers’ activity (check-ins, reviews);
  • Module for data aggregation and standardization of property listings. Currently works with eight types of data feeds;
  • Off-market subscription providing access to locked property listings;
  • Neighbourhood data: air-pollution, walk score, schools; 
  • Reservation fee payment.
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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : PRO
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 35,000,000 PRO
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :100,000,000 PRO
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :35,000,000 PRO
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH, USD,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    The unsold tokens will remain frozen in the original Master Wallet by Ambisafe. 

      • Token Distribution

          Vesting notes

          • Token Sale: Will be locked for (12) months from the Crowdsale End Date
          • Donation: Will be locked for twelve (12) months after the Crowdsale End Date
          • Network Growth: Will be locked for fifteen (15) days after the Crowdsale End Date
          • Company: 5 million Company Tokens will be locked for 12 months from the Crowdsale End Date; another 5 million Company Tokens will be locked for 24 months from the Crowdsale End Date; remaining tokens will be locked for 36 months

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Crowdsale — Ended
    15 Aug 13:00 UTC
    15 Sep 13:00 UTC
    1. USD 2% - 15% - Uncapped 35,000,000 PRO
    Pre-sale — Ended
    Start Soon
    1. USD 15% - Uncapped 11,000,000 PRO
    Crowdsale

    The purchasers of Sale Tokens sold in the first hour of the Crowdsale will receive 0.15 Bonus Tokens for each Token purchased.

    The purchasers of Sale Tokens sold between the 2nd and the 24th hour of the Crowdsale will receive 0.1 Bonus Tokens for each Token purchased.

    The purchasers of Sale Tokens sold between the 2nd day and the 7th day of the Crowdsale will receive 0.05 Bonus Tokens for each Token purchased.

    The purchasers of Sale Tokens sold between the 8th day and the 14th day of the Crowdsale will receive 0.03 Bonus Tokens for each Token purchased.

    The purchasers of Sale Tokens sold between the 15th day and the 21st day of the Crowdsale will receive 0.02 Bonus Tokens for each Token purchased.

    Read more about vesting and bonus
    • Team

      • Natalia Karayaneva photo
        Natalia Karayaneva
        CEO
      • Andrii Zamovsky photo
        Andrii Zamovsky
        Chief Blockchain Architect
      • Alexander Voloshyn photo
        Alexander Voloshyn
        CTO
      • Maria Angelova photo
        Maria Angelova
        CFO
      • John Wong photo
        John Wong
        Business Development, China
      • Denitza Tyufekchieva photo
        Denitza Tyufekchieva
        Business Development, Europe
      • John Heeter photo
        John Heeter
        Solidity Developer
      • Ivan Ivanov photo
        Ivan Ivanov
        Mobile Developer
      • Oleksii Konashevych photo
        Oleksii Konashevych
        Blockchain architect and researcher
      • Denis Davidov photo
        Denis Davidov
        UX
      • Nedialko Vatev photo
        Nedialko Vatev
        Product Manager
    • Advisors

      • Michael Arrington
        Advisor
      • Daniel Kottke
        Advisor
      • David Cowan
        Advisor
      • Vinny Lingham
        Advisor
      • Mike Costache
        Advisor
      • Bruce Cahan
        Advisor
      • Jeremy Gardner
        Advisor

    Roadmap

    • 15 Sep 2016

      Real estate marketplace launched

    • 15 Dec 2016

      Transaction prototype

    • 15 Aug 2017

      Token sale

    • 15 Oct 2017

      Beta testing

    • 15 Dec 2017

      Transacting tool in production

    • 20Jul 2020

      P2P tranactions

    Activity