PROPS Propbase
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Frequently Asked Questions
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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.
Last Updated: 12/11/2024 02:25 UTC -
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.
Last Updated: 12/11/2024 02:25 UTC -
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.
Last Updated: 12/11/2024 02:25 UTC -
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.
Last Updated: 12/11/2024 02:25 UTC -
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.
Last Updated: 12/11/2024 02:26 UTC
Description
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Propbase utilizes the Aptos blockchain to offer a real estate investment platform that simplifies property transactions through fractional ownership. The platform features a marketplace for rigorously vetted properties, enabling investors to buy, sell, or earn rental income on tokenized real estate assets.
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Market Data
Rank: | 1337 |
Volume: | 2.3M |
Marketcap: | 15M |
Fully Diluted Value: | 47M |
Circulating Supply: | 32% |
1M | 8.4K/2.4K | |
921K | 7.3K/5.5K | |
300K | 1.8K/1.1K | |
11K | 1.2K/1.2K |