What is the issuance and circulating supply of Propy (PRO) coins

The dynamic circulating supply of Propy (PRO) coins reflects ongoing transactions, token burns, and the balance between supply and demand in the Propy ecosystem.

Dec 16, 2024 at 07:08 am

Understanding the Issuance and Circulating Supply of Propy (PRO) Coins

Propy (PRO) is an ERC-20 utility token that powers the Propy real estate platform, offering transparency, efficiency, and global accessibility to the industry. Understanding the issuance and circulating supply of PRO coins is crucial for grasping the token's role and value within the ecosystem.

Token Issuance

1. Initial Coin Offering (ICO): In 2017, Propy conducted an ICO, raising approximately $15 million. During the ICO, a total of 100,000,000 PRO tokens were created, representing 100% of the initial issuance.
2. Reserved Fund: From the ICO issuance, 25,000,000 PRO tokens (25%) were allocated to a reserved fund for future development, marketing, and strategic partnerships.

Circulating Supply

The circulating supply of PRO coins refers to the number of tokens currently available for trading and use in the Propy ecosystem. It is dynamic and fluctuates based on transactions, token burns, and other factors.

1. Initial Circulating Supply: After the ICO, the initial circulating supply of PRO coins was 75,000,000 (100,000,000 total issuance - 25,000,000 reserved fund).
2. Token Burns: The Propy team has periodically conducted token burns to reduce the circulating supply and increase the token's scarcity. As of January 2023, a total of 14,124,493 PRO tokens have been burned, bringing the circulating supply down to approximately 60,875,507 PRO coins.
3. Ongoing Transactions: The circulating supply of PRO coins is constantly affected by trading activity on exchanges and within the Propy platform. When PRO coins are purchased or used for transactions, they are removed from the circulating supply.

Significance of Issuance and Circulating Supply

The issuance and circulating supply of Propy (PRO) coins have implications for the token's value and liquidity:

1. Initial Issuance: The initial issuance of 100,000,000 PRO tokens established the total supply and determined the distribution of tokens between investors and the Propy team.
2. Reserved Fund: The reserved fund provides Propy with a pool of tokens for long-term development and strategic initiatives, ensuring the token's future growth and utility.
3. Circulating Supply Fluctuation: The dynamic circulating supply demonstrates the active use of PRO coins within the Propy ecosystem and its responsiveness to market demand and supply.
4. Token Burns: Token burns reduce the circulating supply, increasing the scarcity and potentially increasing the demand for PRO coins, which can influence its market value.
5. Liquidity: The circulating supply contributes to the liquidity of PRO coins, as it represents the number of tokens available for trading and usage.