Project Overview
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 with private keys within the existing legal framework, aiming to create a brand new world 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 Propy Registry for property rights transactions. The PROPY (PRO) token is built on the ERC-20 token standard and can be easily integrated into the user's digital wallet. The necessary steps and mandatory steps for real estate acquisition in Propy Registry mainly include the execution of deed contracts and property rights contracts, both of which are very necessary for transferring property rights and recording property rights changes. Propy Registry will charge a related "registration fee" when paying with PROPY (PRO) in order to complete these modification records on the blockchain.
The use of PRO tokens in the PROPY (PRO) platform is to make the system simple and friendly for users to use. The user will write new data into the Propy Registry through the PROPY(PRO) launch interface, regardless of whether the data creates a new ownership change, or transfers ownership already recorded in the system.
Application scenarios
Cross-border payments
Propy will assist you in completing cross-border payments and provide help with paperwork.
Property Search
You can search for properties and brokers 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 green building certification.
Blockchain Integration
Propy integrates with the government's blockchain ledger, so it can issue title deeds for your property online instantly, securely and at a favorable price.
Overview of the token usage process
The usage process of PRO tokens is only slightly different for users who already have PRO tokens and those who do not use PRO tokens to pay for real estate difference. Users without PRO tokens must buy them on a third-party marketplace in order to trade.
The following is a description of the basic process for a PRO token transaction:
1. The buyer selects the property to buy and it will initiate the transaction through the Propy website/app.
2. Buyers will create their own identity record information in the contract through the KYC verification process.
3. The buyer pays the prepayment in fiat currency and then pays the registration fee in PRO tokens.
4. A certificate of title and a deed transfer contract will be generated during the purchase process for payment processing by the buyer.
