Propy (PRO) is powered by smart contracts to track and execute real estate transactions according to regional regulations. By using the Ethereum blockchain, Propy (PRO) allows brokers, buyers, sellers, and title agents/notaries to sign transactions using private keys under the existing legal framework, aiming to create a new unified real estate transaction and asset transfer platform for the global real estate industry to solve the problems faced by global real estate transactions.

Project Highlights

Propy (PRO) tokens are designed to open smart contracts in Propy Registry for ownership transactions. Propy (PRO) tokens are built on the ERC-20 token standard and can be simply integrated into the user's digital wallet. The necessary and compulsory steps for real estate acquisition in Propy Registry mainly include the execution of a contract and a property contract, which are very necessary for the transfer of property rights and record property changes. Propy Registry will charge a relevant "registration fee" when paying with Propy (PRO) to complete these modification records on the blockchain.

PRO tokens are used in the Propy (PRO) platform to make the system simple and friendly to users. The user will write new data to the Propy Registry through the Propy (PRO) startup interface, regardless of whether the data is a new ownership change or the transfer of ownership that has been recorded in the system.

Application Scenarios

Cross-border payment
Propy will assist you in completing cross-border payments and provide documentary assistance.

Real Estate Search
You can search real estate and brokers in cities around the world in your native language. Propy provides various information about neighborhoods, such as walking environment, air and noise pollution, and has been certified for green building.

Blockchain Integration
Propy integrates the government's blockchain ledger, so it can issue land deeds to your property online in real time, safely and preferentially.

Token usage process overview

The PRO token usage process is only slightly different for users who already own PRO tokens and those who do not use PRO tokens to pay for real estate. Users without PRO tokens must purchase them in a third-party marketplace to trade.

The following is a description of the basic process of PRO token trading:
1. The buyer selects the property to buy and it will start the transaction through the Propy website/app.
2. The buyer will create his own identity record information in the contract through the KYC verification process.
3. The buyer pays the advance payment in fiat currency and then pays the registration fee through PRO tokens.
4. The certificate of ownership and the contract transfer contract will be generated during the purchase process for the buyer to perform payment processing.