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 era for the global real estate industry A unified real estate transaction and asset transfer platform to solve the problems faced by global real estate transactions.

Project Highlights

Propy (PRO) tokens are designed to open smart contracts in the Propy Registry for property rights transactions. Propy (PRO) tokens are built on the ERC-20 token standard and can be easily integrated into users' digital wallets. The necessary and mandatory steps for property acquisition in the Propy Registry mainly include the execution of contract contracts and property rights contracts, both of which are necessary for transferring property rights and recording changes in property rights. The Propy Registry will charge a relevant "registration fee" when using Propy (PRO) for payment in order to complete these modification records on the blockchain.

Using PRO tokens in the Propy (PRO) platform is to make the system simple and friendly for users to use. Users will write new data into the Propy Registry through the Propy (PRO) launch interface, regardless of whether the data is generating a new ownership change, or transferring ownership already recorded in the system.

Application scenario

Cross-Border Payments
Propy will assist you in completing cross-border payments and provide assistance with paperwork.

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

Blockchain Integration
Propy integrates with the government's blockchain ledger to issue title deeds for your property instantly, securely and cheaply online.

Overview of token usage process

The process of using PRO tokens is only slightly different for users who already own PRO tokens and users who do not use PRO tokens to pay for real estate. Users who do not have PRO tokens must purchase them on third-party marketplaces in order to trade.

Here is a description of the basic flow of a PRO token transaction:
1. The buyer selects a property to buy and it will initiate the transaction through the Propy website/app.
2. After the buyer passes the KYC verification process, he will create his own identity record information in the contract.
3. The buyer pays the prepayment in legal currency, and then pays the registration fee in PRO tokens.
4. Title certificate and deed transfer contract will be generated during the purchase process for payment processing by the buyer.