PROPS Propbase

Propbase Overview

Propbase is a blockchain-based platform designed to revolutionize the real estate market by leveraging blockchain technology to address issues such as low liquidity, lack of transparency, and high entry barriers.

Key Features

• Tokenization: Propbase converts real estate assets into digital tokens, each representing a fraction of the property’s ownership. This process lowers the barriers to entry, allowing smaller investors to participate in the real estate market.
• Smart Contracts: Smart contracts automate the execution of property transactions, ensuring transparency and security. These contracts are self-executing with the terms of the agreement directly written into code, reducing the need for intermediaries and minimizing transaction costs.
• Fractional Ownership: By enabling fractional ownership, Propbase allows investors to diversify their portfolios by purchasing shares in multiple properties rather than committing to a single, high-value asset. This flexibility brings much-needed liquidity to the real estate market.
• Regulatory Compliance: Propbase ensures compliance with local and international regulations. All tokenized properties are held in a Limited Liability Company (LLC), and shares representing the asset’s value are traded on the platform.
• Marketplace and Liquidity: Propbase features an intelligently designed peer-to-peer marketplace where users can list, buy, and sell tokenized property shares. The platform’s design ensures high liquidity, allowing investors to trade their shares quickly and efficiently.
• Integrated Wallet: Propbase includes a built-in multi-signature wallet, allowing users to manage their digital assets securely without needing external wallets.
• Real-time Settlement: Transactions are settled almost instantly on the blockchain, significantly reducing the time and cost associated with traditional property transactions.

Token Utility

• Rewards Protocol: 35% of the supply is allocated to a rewards protocol to incentivize new users and retain existing ones. Early adopters benefit from rewards upon completing investments, and users can earn rewards by staking their PROPS tokens.
• Staking: PROPS tokens can be staked on the platform, allowing holders to earn additional rewards. This mechanism locks up a portion of the circulating supply, increasing scarcity and benefiting long-term growth.
• Yield Distribution: Smart contracts distribute rental income proportionate to the token value, providing a steady income stream for investors.

Technical Foundation

• Blockchain: Propbase is based on the Aptos blockchain, known for its safety and scalability. The platform employs a proof-of-stake (PoS) consensus mechanism, ensuring security and efficiency in transaction validation and network maintenance.

Pros of Propbase

• Fractional Ownership: Propbase allows investors to purchase a fraction of a property, making high-quality real estate assets more accessible to a broader investor base.
• Tokenization: The platform tokenizes real estate assets, enabling easier and more efficient transactions.
• Guaranteed Rental Income: Propbase offers guaranteed rental income for a specified period on qualified properties, adding a layer of security for investors.
• P2P Marketplace: The platform includes a peer-to-peer marketplace where users can sell their tokens at any time, enhancing liquidity and flexibility.
• Scalability and Security: Built on the Aptos blockchain, Propbase provides a highly scalable, fast, and secure tokenized property transaction platform.
• Low Transaction Fees: The use of $PROPS tokens for transactions ensures low fees and efficient transactions on the platform.

Cons of Propbase

• Market Dependence: The success of Propbase is heavily dependent on market trends and regulatory developments in the real estate and blockchain sectors.
• Execution Risks: The project's success also hinges on the team's ability to execute their roadmap and deliver on promised features and partnerships.
• Adoption Rate: The price and utility of Propbase are closely tied to its adoption rate in the real estate sector, which can be unpredictable.
• Regulatory Challenges: As with any blockchain project, Propbase may face regulatory challenges that could impact its operations and growth.

Founders of Propbase

• Kevin Goos: Founder and CEO, an entrepreneur and expert in technical platform development.
• Hudson Leung: Expert in growth strategy, web 3, and marketplace development.
• Jesse Gage: Expert in building online marketplaces, media, and marketing.

Investors in Propbase

• Founding Leadership Team: The founding leadership team of Propbase are among the current investors.
• Seasoned Investor: There is also one seasoned investor who has invested an undisclosed amount.
• Future Funding Plans: The team plans to raise further funding through an IDO process and will conduct an equity financing round in 2024/25 to fuel further platform expansion.

Key Features of Propbase

Propbase is designed to revolutionize real estate investing by leveraging blockchain technology. Here are some key features that make it an attractive investment:

• Record-Breaking Success: Propbase has achieved significant success, reaching over $1 million in volume shortly after its launch, demonstrating its potential for growth.
• Yield Opportunities: The platform aims to provide an 8-12% yearly yield, along with 5-6% capital gains in active regions, offering substantial returns for investors.
• Blockchain Technology: Built on the Aptos blockchain, Propbase offers a scalable, fast, and secure platform for tokenized property transactions, enhancing efficiency and security.

Tokenomics

The PROPS token is central to the Propbase platform, with a fixed supply of 1.2 billion tokens. Key aspects include:

• Token Distribution: 20% of the tokens are allocated for crowd funding, 35% for rewards, 12% for the company, and other allocations for seed capital, advisors, marketing, and liquidity pools.
• Utility: PROPS tokens facilitate transactions via smart contracts, providing a uniform method of settlement and acting as a barrier to entry to prevent system overload.
• Rewards Protocol: 35% of the supply is allocated to the rewards protocol, along with 5% of all fees collected, to incentivize new users and educate them on tokenized real estate asset ownership.

Investment Potential

Propbase's innovative approach to real estate investment, combined with its robust tokenomics and secure blockchain technology, makes it a promising investment opportunity. The platform's focus on providing a user-friendly experience and substantial returns through yield opportunities and capital gains adds to its appeal. Additionally, the staking platform allows existing PROPS holders to earn rewards, increasing scarcity and benefiting long-term growth.

Halal Status of Propbase

No, the halal status of Propbase is not explicitly confirmed. The Shariah status of cryptocurrencies typically involves a detailed analysis of the project's legitimacy, token evaluation, and reward systems, which is not publicly available for Propbase in the provided sources.