Global Property Store with Decentralized Title Registry
How Propy Works
Propy.com is dedicated to solving the problems of purchasing property across borders.
Propy is the world’s first international real-estate marketplace. The team at Propy.com facilitates connections between international entities to enable the seamless purchase of international real-estate online for the first time.
Beyond finance, real estate is perhaps the most obvious industry prime for being upended by blockchain technology. With its superb team and strong vision Propy is likely to be a leader as real estate is dirsupted by this revolutionary innovation.
Blockchain Capital, Augur
Propy's team has the right mix of blockchain acumen, real estate experience, and entrepreneurship to be highly disruptive.
6th Forbes Midas list investor, Bessemer Venture Partners
The leadership of the company is impressive, shows all the signs of persistence and execution. Andrey Zamovski is very intelligent and innovative at usage of his deep knowledge of cryptography and Ethereum Smart Contracts. The team is also international - founders and early employees from Russia, Ukraine, US and Singapore are sharing the knowledge of their markets.
Founder of Techcrunch
To make an international Real-Estate purchase, individuals need to work with multiple intermediaries including Brokers, Escrow services, Land Registry Services, as well as Money Transmitters. Piles of paperwork need to be compiled and signed.
Serious fraud happens on a regular basis due to confusing or malicious legal agreements. Property transfer requires months of waiting. This inefficient communication significantly hinders liquidity, reducing potential value for buyers and sellers.
Propy aims to solve the problems facing international real estate transactions by creating a novel unified property store and asset transfer platform for the global real estate industry. Initially the Propy Registry will mirror official land registry records in which transfers of real estate are recorded.
Ultimately, however, Propy’s vision is that jurisdictions will adopt the Propy Registry as their official ledger of record such that the transfer of a property on the Propy Registry constitutes the legal transfer of the property and the legal registration of that transfer.
100 Million Tokens Issued
- Total Supply: 100,000,000
- One PRO token = $1
- Utility token type
- Ethereum ERC20 standard
- Write-access in Propy Registry
*While Propy has an effective solution that works inside today's legal frameworks, the current solution only scratches the surface of the potential disruptive effects of blockchain technology in the Real-Estate industry. The global land registry provided by Propy can serve as a single point of authority that international entities can access. Once governments and organizations realize the benefits of an open and trustless title registry platform, legacy title registry systems will be seen as slow and redundant.