What is the tokenomics model of Propy (PRO).

Propy (PRO), the native token of the decentralized real estate platform, serves as a utility token facilitating transactions, offering staking rewards, and enabling governance within the ecosystem.

Dec 16, 2024 at 03:54 pm

Key Points:

What is Propy (PRO)?
Tokenomics of Propy (PRO)
Token Distribution
Token Use Cases
Frequently Asked Questions

What is Propy (PRO)?

Propy is a decentralized real estate platform that uses blockchain technology to streamline the process of buying and selling property. By utilizing smart contracts and its native token (PRO), Propy aims to increase transparency, efficiency, and security in the real estate market.

Tokenomics of Propy (PRO)

The PRO token is an ERC-20 token that serves as the backbone of the Propy platform. It is used for various purposes within the ecosystem, including:

Token Distribution

The total supply of PRO tokens is 100 million. The distribution is as follows:

40% - Token sale
20% - Team and advisors
20% - Ecosystem development
10% - Reserve
10% - Staking rewards

Token Use Cases

PRO tokens have multiple use cases within the Propy platform:

Purchase and sale of property: PRO tokens can be used to purchase or sell real estate on the Propy platform.
Transaction fees: PRO tokens are used to pay transaction fees for various actions on the platform, such as closing costs and agent commissions.
Staking: PRO tokens can be staked to earn rewards and support the network's security.
Governance: PRO token holders have voting rights on the Propy platform.

Frequently Asked Questions

What is the purpose of the PRO token?

The PRO token serves as a utility token within the Propy ecosystem, facilitating transactions, providing staking rewards, and enabling governance.

How do I acquire PRO tokens?

PRO tokens can be purchased through cryptocurrency exchanges or directly from the Propy platform.

What are the benefits of using PRO tokens?

Using PRO tokens offers reduced transaction fees, access to staking rewards, governance rights, and the potential for appreciation in value.

Is PRO a good investment?

The value of PRO tokens is subject to market fluctuations and depends on the adoption and success of the Propy platform. Research and due diligence are necessary before investing.

Can PRO tokens be used outside of the Propy platform?

PRO tokens are primarily intended for use within the Propy ecosystem and have limited use outside of the platform.

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