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What is the issue price of Propy (PRO)?
During the May 2018 ICO, Propy (PRO) had an issue price of $0.12, raising $15 million through the sale of 125 million tokens.
Dec 14, 2024 at 08:19 pm
What is the issue price of Propy (PRO)?
Introduction
Propy (PRO) is a blockchain-based real estate platform that aims to revolutionize the way property transactions are conducted. It provides a secure and transparent marketplace for buying, selling, and renting real estate, using smart contracts and other blockchain technologies.
Issue Price
The issue price of Propy (PRO) was **$0.12** during its initial coin offering (ICO) held in May 2018. The ICO raised a total of $15 million, with 125 million PRO tokens being sold.
Understanding the Issue Price
The issue price of a token during an ICO is determined by various factors, including:
- Project fundamentals: The underlying technology, team, and market potential of the project.
- Market demand: The level of interest and demand for the token among investors.
- ICO structure: The number of tokens offered, the duration of the sale, and any bonus or discount incentives.
Factors Affecting the Issue Price of PRO
In the case of Propy (PRO), the following factors may have influenced its issue price:
- Strong project fundamentals: Propy had a well-developed blockchain platform, an experienced team, and a clear market opportunity.
- Growing interest in blockchain technology: At the time of the ICO, blockchain technology was gaining widespread attention, which increased investor interest in Propy's solution.
- Limited token supply: The relatively small number of PRO tokens offered in the ICO created scarcity and potentially contributed to a higher issue price.
Conclusion
The issue price of Propy (PRO) was determined through a combination of factors, including its project fundamentals, market demand, and ICO structure. The token sale was successful, raising a significant amount of capital to support Propy's development and launch.
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