Propy (PRO) is a digital asset that operates on the Ethereum platform, with the aim of transforming the real estate industry by introducing blockchain technology. It seeks to encapsulate ownership rights of real estate properties into Non-Fungible Tokens (NFTs), thereby striving to facilitate the transfer of these rights in a trustless and efficient manner. Propy aims to make real estate transactions as easy and accessible as e-commerce, by digitizing the entire process. The Propy token (PRO) is an integral part of this ecosystem, used for transaction settlements and data access within the Propy network.

Propy works by encapsulating the ownership rights of real estate properties into NFTs. These NFTs are then listed on the Propy marketplace, where they can be bought and sold. The transfer of an NFT equates to the transfer of ownership rights of the corresponding property. Propy has developed a legal framework that aims to facilitate the transfer of ownership rights via NFTs, without the need for government land registration processes. The platform also incorporates Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols to ensure compliance with regulatory regimes.

Propy's primary use case is to facilitate the buying and selling of real estate properties in a more efficient and transparent manner. By encapsulating property rights into NFTs, Propy aims to make real estate transactions as simple as trading digital assets. This could potentially open up the real estate market to a wider audience, including those in the cryptocurrency community. Additionally, Propy's price prediction feature aims to provide users with insights into potential future real estate prices, providing valuable insights for buyers and investors. The platform also offers potential benefits for real estate agents, who could receive royalty fees from future sales if they are the first to NFT a property.

Propy was conceived with the vision of aiming to transform the real estate industry by leveraging blockchain technology. The platform was developed to automate the real estate transaction process and make it more transparent and efficient. Propy's infrastructure aims to facilitate three types of transactions: traditional deals using fiat payments, deals using cryptocurrencies, and deals involving the sale of NFTs representing real estate properties. Over time, Propy has integrated various features into its platform, including KYC and AML protocols, a price prediction tool, and a legal framework for transacting real estate via NFTs.

We update our Propy to CAD currency in real-time. Get the live price of Propy on Coinbase.

The current market cap of Propy is CA$49.517M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Propy is CA$8.63. This all-time high is highest price paid for Propy since it was launched.

Over the last 24 hours, the trading volume of Propy is CA$4.411M.

Assets that have a similar market cap to Propy include Walmart tokenized stock (xStock), Novo Nordisk tokenized stock (xStock), Thermo Fisher tokenized stock (xStock), and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Propy is 100 million.

Propy ranks 63 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 98% of Coinbase users are buying Propy. In other words, 98% of Coinbase customers have increased their net position in Propy over the past 24 hours through trading.