-
Bitcoin
$98,498.1396
0.39% -
Ethereum
$3,469.7325
-0.70% -
Tether USDt
$0.9990
-0.02% -
XRP
$2.2800
-1.51% -
BNB
$703.3015
1.34% -
Solana
$198.1139
0.49% -
Dogecoin
$0.3313
-0.90% -
USDC
$0.9999
-0.02% -
Cardano
$0.9137
-3.01% -
TRON
$0.2568
-0.53% -
Avalanche
$40.5124
-1.46% -
Chainlink
$24.6102
0.13% -
Toncoin
$5.9858
3.88% -
Shiba Inu
$0.0000
-1.60% -
Sui
$4.5095
-2.33% -
Hedera
$0.3121
-2.74% -
Stellar
$0.3825
-4.51% -
Polkadot
$7.4541
-1.27% -
Bitcoin Cash
$462.3857
-2.84% -
UNUS SED LEO
$9.5453
0.93% -
Uniswap
$13.8541
-5.02% -
Litecoin
$108.6168
-1.25% -
Bitget Token
$5.6959
15.20% -
Pepe
$0.0000
-3.02% -
Hyperliquid
$26.9940
-9.20% -
NEAR Protocol
$5.4728
-2.26% -
Ethena USDe
$0.9991
0.01% -
Aave
$368.0816
-2.18% -
Aptos
$9.6540
-1.79% -
Internet Computer
$11.2312
0.42%
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
- 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.
- 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.
- 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).
- 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.
- 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:
- 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.
- 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.
- 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.
- 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.
- Liquidity: The circulating supply contributes to the liquidity of PRO coins, as it represents the number of tokens available for trading and usage.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
Crypto Investors Seek the Next Big Opportunity; Here Are Six Altcoins Poised for Massive Growth by 2025
- 2024-12-26 00:45:02
-
Plus Wallet Turns Trading into Unlimited Income – Discover Why MetaMask's Payment Card & Deus's Duress Mode Can't Keep Up!
- 2024-12-26 00:55:01
-
Bonk (BONK) and JetBolt (JBOLT): Will These Cryptocurrencies Transform Your Portfolio in 2025?
- 2024-12-26 00:35:01
-
Bitunix Lists Community-Requested Tokens After Rigorous Evaluation
- 2024-12-26 00:25:01
-
Rexas Finance: Democratizing Real-World Asset Investment with 96% Presale Completion and 15,044% Growth Potential
- 2024-12-26 00:55:01
-
Dogecoin (DOGE) Price Analysis and Prediction: Mixed Technical Signals, Symmetrical Triangle Pattern
- 2024-12-26 00:55:01
Related knowledge
Learn how to obtain LTO Network coins in one article
Dec 25,2024 at 11:52pm
Key Points:Step 1: Choose a Suitable Cryptocurrency ExchangeStep 2: Create an Account and Complete KYC VerificationStep 3: Fund Your AccountStep 4: Search for LTO Network (LTO) and Place Your OrderStep 5: Store Your LTO Coins SafelyStep 6: Additional Tips for Buying LTO Network CoinsLearn How to Obtain LTO Network Coins in One ArticleStep 1: Choose a Su...
What is the annual yield (APY) for staking Myro coins?
Dec 26,2024 at 12:17am
Key Points:What is staking?Benefits of staking MYROHow to stake MYROWhere to stake MYROAnnual Percentage Yield (APY) for staking MYROWhat is Staking?Staking is a process in which cryptocurrency holders lock up their coins in a wallet or on an exchange to support the network and earn rewards. When you stake MYRO, you are essentially pledging your support...
Will Victoria VR coin skyrocket in 2025?
Dec 26,2024 at 12:08am
Key Points:Victoria VR's Position in the VR IndustryTechnical Strengths Driving Victoria VR's GrowthFuture Developments and PartnershipsPrice Potential and Expected GrowthInvestment Strategies and ConsiderationsVictoria VR: A Leading Player in the VR IndustryVictoria VR stands as a formidable player in the rapidly expanding virtual reality (VR) market. ...
What coin is Gelato?
Dec 25,2024 at 10:58pm
Key Points:Definition of Gelato NetworkFeatures and Benefits of GelatoGovernance and Tokenomics of GELUse Cases and IntegrationsCompetitors and ComparisonsFuture Outlook of Gelato NetworkArticle:What is Gelato Network?Gelato Network is a decentralized protocol that enables the automation of tasks and the creation of trustless applications on blockchain ...
Check out the top PARSIQ (PRQ) currency exchanges
Dec 26,2024 at 12:52am
Top PARSIQ (PRQ) Currency ExchangesKey Points:Overview of PARSIQ (PRQ)Top PARSIQ (PRQ) Currency ExchangesKey Factors to Consider When Choosing an ExchangeStep-by-Step Guide to Buying PRQFrequently Asked QuestionsOverview of PARSIQ (PRQ)PARSIQ (PRQ) is a blockchain monitoring and analytic platform that provides real-time insights for various cryptocurren...
Myro coin purchase process
Dec 25,2024 at 11:26pm
Key Points:Understanding What MYRO Coin RepresentsBenefits of Purchasing MYRO CoinChoosing a Suitable Cryptocurrency ExchangeFunding Your Exchange AccountPlacing a Purchase Order for MYRO CoinManaging Your MYRO Coin InvestmentExploring Different MYRO Coin Use CasesStep-by-Step Purchase Process for MYRO Coin1. Understand What MYRO Coin RepresentsMYRO coi...
Learn how to obtain LTO Network coins in one article
Dec 25,2024 at 11:52pm
Key Points:Step 1: Choose a Suitable Cryptocurrency ExchangeStep 2: Create an Account and Complete KYC VerificationStep 3: Fund Your AccountStep 4: Search for LTO Network (LTO) and Place Your OrderStep 5: Store Your LTO Coins SafelyStep 6: Additional Tips for Buying LTO Network CoinsLearn How to Obtain LTO Network Coins in One ArticleStep 1: Choose a Su...
What is the annual yield (APY) for staking Myro coins?
Dec 26,2024 at 12:17am
Key Points:What is staking?Benefits of staking MYROHow to stake MYROWhere to stake MYROAnnual Percentage Yield (APY) for staking MYROWhat is Staking?Staking is a process in which cryptocurrency holders lock up their coins in a wallet or on an exchange to support the network and earn rewards. When you stake MYRO, you are essentially pledging your support...
Will Victoria VR coin skyrocket in 2025?
Dec 26,2024 at 12:08am
Key Points:Victoria VR's Position in the VR IndustryTechnical Strengths Driving Victoria VR's GrowthFuture Developments and PartnershipsPrice Potential and Expected GrowthInvestment Strategies and ConsiderationsVictoria VR: A Leading Player in the VR IndustryVictoria VR stands as a formidable player in the rapidly expanding virtual reality (VR) market. ...
What coin is Gelato?
Dec 25,2024 at 10:58pm
Key Points:Definition of Gelato NetworkFeatures and Benefits of GelatoGovernance and Tokenomics of GELUse Cases and IntegrationsCompetitors and ComparisonsFuture Outlook of Gelato NetworkArticle:What is Gelato Network?Gelato Network is a decentralized protocol that enables the automation of tasks and the creation of trustless applications on blockchain ...
Check out the top PARSIQ (PRQ) currency exchanges
Dec 26,2024 at 12:52am
Top PARSIQ (PRQ) Currency ExchangesKey Points:Overview of PARSIQ (PRQ)Top PARSIQ (PRQ) Currency ExchangesKey Factors to Consider When Choosing an ExchangeStep-by-Step Guide to Buying PRQFrequently Asked QuestionsOverview of PARSIQ (PRQ)PARSIQ (PRQ) is a blockchain monitoring and analytic platform that provides real-time insights for various cryptocurren...
Myro coin purchase process
Dec 25,2024 at 11:26pm
Key Points:Understanding What MYRO Coin RepresentsBenefits of Purchasing MYRO CoinChoosing a Suitable Cryptocurrency ExchangeFunding Your Exchange AccountPlacing a Purchase Order for MYRO CoinManaging Your MYRO Coin InvestmentExploring Different MYRO Coin Use CasesStep-by-Step Purchase Process for MYRO Coin1. Understand What MYRO Coin RepresentsMYRO coi...
See all articles