What Is Propy?

1. What Is Propy?

Propy is a blockchain-powered real estate platform that streamlines property transactions through smart contracts, tokenization, and secure digital ownership. It allows users to buy and sell real estate with cryptocurrency or fiat in a fully digital, borderless, and paperless process. By leveraging Web3 and blockchain technologies, Propy automates title transfers, minimizes reliance on intermediaries, and ensures transparency, security, and efficiency in property transactions. Its core value lies in making real estate as easy to transfer as sending an email.

2. Why Propy Was Created

Traditional real estate transactions are slow, paperwork-heavy, and prone to fraud, title errors, and high fees due to intermediaries like brokers, escrow agents, and title companies. These legacy processes can take weeks or months to close and often lack transparency.

Propy was created to solve these inefficiencies by introducing a decentralized and automated approach to property deals. By using blockchain to record ownership and smart contracts to enforce agreements, Propy reduces closing times to days or even hours, eliminates unnecessary third parties, and creates a secure and immutable record of transactions.

3. How Propy Works

1. Buyers and sellers register on Propy’s platform and complete KYC verification for compliance and security.
2. Sellers list their properties, which are tokenized or digitized and linked to legal documentation. Buyers can view listings globally.
3. Buyers make offers using either crypto or fiat. Once accepted, Propy automatically generates a smart contract outlining the terms.
4. The platform facilitates secure escrow services and handles payment via integrated crypto wallets or bank transfers.
5. Upon completion, Propy records the deed on-chain in the form of a non-fungible token (NFT), making ownership secure and verifiable.
6. All transaction records, including title ownership, are stored immutably on the blockchain, accessible for future verification.

4. Key Features of Propy

• NFT-Based Property Deeds – Tokenized property ownership stored on blockchain for instant, verifiable transfers.
• Smart Contract Automation – Eliminates intermediaries, reducing cost and increasing transaction speed.
• Cross-Border Transactions – Enables international real estate deals without geographic limitations.
• Crypto + Fiat Support – Flexibility to transact in ETH, USDC, or traditional currency.
• Secure Title Registry – Blockchain-based title recording ensures tamper-proof ownership history.
• Deed Governance DAO – Allows communities to govern how property titles are managed on-chain.

5. Who Can Use Propy?

• Retail Buyers and Sellers – Individuals looking to buy or sell residential or commercial property with ease.
• Real Estate Agents – Professionals seeking to modernize and simplify transaction workflows.
• Developers and Web3 Builders – Those building apps or integrations on top of Propy’s API and smart contracts.
• Investors and DAOs – Real estate investors and crypto DAOs acquiring property with Web3 tooling.
• Title Companies & Governments – Institutions aiming to digitize and secure property registries.

6. What Is the $PRO Token?

$PRO is Propy’s native utility token, designed to power the ecosystem and incentivize participation. It is an ERC-20 token on Ethereum and is used for:

• Transaction Fees – Used to pay for services like smart contract execution and on-chain title registration.
• Governance – Token holders can participate in Propy DAO, voting on protocol upgrades, marketplace rules, and other key decisions.
• Incentives and Rewards – Users can earn $PRO by engaging with the platform, referring others, or participating in governance.
• Staking – Users may stake $PRO to support network functions and earn rewards in return.
• Access to Premium Features – Unlock exclusive services, listing tools, and discounts within the platform.