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What is the issue price and issuance volume of Propy (PRO)?

Propy's (PRO) initial coin offering in 2017 raised $15 million through the issuance of 30 million tokens at a price of $0.50 per token.

Dec 14, 2024 at 12:20 pm

Propy (PRO): Issue Price and Issuance Volume

Propy (PRO) is an ERC-20 token that powers the Propy platform, a blockchain-based real estate marketplace. The token was issued in 2017 through an initial coin offering (ICO), raising a total of $15 million.

Issue Price

The issue price of PRO was $0.50 per token. The ICO was conducted in two phases:

Private sale: The private sale was held from February 21 to March 14, 2017. A total of 20 million PRO tokens were sold, raising $10 million.
Public sale: The public sale was held from March 15 to April 12, 2017. A total of 10 million PRO tokens were sold, raising $5 million.

Issuance Volume

The total issuance volume of PRO is 100 million tokens. The tokens were distributed as follows:

ICO: 30 million tokens (30%)
Team: 20 million tokens (20%)
Advisors: 10 million tokens (10%)
Reserve: 40 million tokens (40%)

The reserve tokens are held by Propy and can be released for future development or other purposes.

Use Cases of PRO

PRO is used for a variety of purposes on the Propy platform, including:

Purchasing real estate: PRO can be used to purchase real estate on the Propy marketplace.
Paying for services: PRO can be used to pay for services on the Propy platform, such as title insurance and legal advice.
Staking: PRO can be staked to earn rewards on the Propy platform.
Governance: PRO holders can participate in the governance of the Propy platform by voting on proposals.

Conclusion

PRO is an important part of the Propy ecosystem. The token is used for a variety of purposes, and its value is expected to increase as the Propy platform grows.

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