What is propy? Propy is a platform built on Blockchain technology that aims to solve problems in the real estate industry. cryptocoin.com In this article, we have answered the questions such as what is Propy, what it offers, what is PRO coin, what is it for and how to get it. Let’s examine together this project, which allows you to buy real estate with cryptocurrencies.
What is propy?
Propy is a real estate platform powered by Web3 technology and built on the Ethereum Blockchain. On this platform, users can purchase real estate legally secured by smart contracts. Each of the properties in Propy is also an NFT entity. NFTs are a class of digital assets made possible by Blockchain technology. These assets prove ownership through smart contracts.
What does Propy offer?
When you buy a real estate NFT with Propy, the ownership of the NFT is recorded on the Blockchain. Thus, it becomes possible for you to prove that you own that real estate product. However, Propy aims to eliminate the centralized structure and intermediaries in the real estate market. It uses the technologies of the Ethereum Blockchain for this. Transactions you make in Propy are extremely fast and cost-effective.
By the way, all real estate sales on Propy are in ETH and USDC and Bitcoin. Bitcoin is the largest and most popular cryptocurrency. ETH is the native cryptocurrency of the Ethereum network. USDC is a stablecoin whose price is always indexed to the dollar. On March 12, 2022, the platform completed the sale of a single-bed condominium in Florida for 210 ETH. Now Propy aims to sell future NFTs in a marketplace it has created.
What is PRO coin? What does it do?
PRO coin is the native cryptocurrency of the Propy platform. Basically, it is an ERC-20 token based on the Ethereum Blockchain. This token does not appeal to users who want to use Propy as their real estate assets are sold with BTC, ETH and USDC. Instead, the PRO coin is mostly used to power real estate transactions. So to run smart contracts and sell real estate on the platform, you have to pay with PRO coin.
What is propy? How to get PRO coins?
Investors interested in the Propy platform can invest in the platform’s native token, the PRO coin. PRO coin is currently traded on many cryptocurrency exchanges with a market cap of $51.5 million. These exchanges include Bitrue, Huobi Global, Coinbase, and HitBTC. Interested investors must sign up for one of these exchanges and then verify their account. Thus, they can deposit an asset suitable for PRO coin pairs in their wallet and buy the token.
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