Propbase (PROPS) is a fast and secure platform designed for real estate property tokenization and transaction. Based on the Aptos Layer 1 blockchain, it aims to revolutionize real estate investments by leveraging blockchain technology to enable fractional ownership, transparency, and reduced transaction costs.

Propbase tackles the inefficiencies in traditional real estate markets, where transactions are often slow, costly, and lack transparency. By utilizing blockchain and smart contracts, Propbase provides a decentralized, trustless system that enhances accessibility for everyday investors and facilitates near real-time settlement of transactions. This modern approach transforms property ownership into a more liquid and accessible asset class.

Propbase is based on the Layer-1 Aptos blockchain, known for its safety and scalability. The platform employs a proof-of-stake (PoS) consensus mechanism, ensuring security and efficiency in transaction validation and network maintenance.

Propbase operates by converting physical properties into digital assets through tokenization. Here’s how it works:

Tokenization: Propbase tokenizes real estate assets, dividing them into smaller, fractional shares that are represented as digital tokens on the blockchain. This process lowers the barriers to entry, allowing smaller investors to participate in the real estate market with minimal capital.

Smart Contracts: Smart contracts automate the execution of property transactions, ensuring transparency and security. These contracts are self-executing with the terms of the agreement directly written into code, reducing the need for intermediaries and minimizing transaction costs.

Fractional Ownership: By enabling fractional ownership, Propbase allows investors to diversify their portfolios by purchasing shares in multiple properties rather than committing to a single, high-value asset. This flexibility brings much-needed liquidity to the real estate market.

Regulatory Compliance: Propbase ensures compliance with local and international regulations. All tokenized properties are held in a Limited Liability Company (LLC), and shares representing the asset’s value are traded on the platform. This structure helps navigate legal complexities and provides a secure framework for property transactions.

Marketplace and Liquidity: Propbase features an intelligently designed peer-to-peer marketplace where users can list, buy, and sell tokenized property shares. The platform’s design ensures high liquidity, allowing investors to trade their shares quickly and efficiently.

Integrated Wallet: Propbase includes a built-in multi-signature wallet, allowing users to manage their digital assets securely without needing external wallets.

Real-time Settlement: Transactions are settled almost instantly on the blockchain, significantly reducing the time and cost associated with traditional property transactions.

The PROPS token is integral to the Propbase platform, serving multiple essential functions within the ecosystem. Here's a detailed overview of its tokenomics and utility:

Fixed Supply: PROPS has a total supply of 1.2 billion tokens, ensuring scarcity and potential value appreciation.

Distribution: The PROPS token distribution supports Propbase with strategic allocations. A significant portion is reserved for the initial coin offering (20%) and rewards protocol (35%). The remaining tokens are allocated to company operations, liquidity, marketing, seed capital, advisors, and the foundation, ensuring balanced support for development, promotion, and stability. 

Unlocking Schedule: The tokens have a tiered unlocking period up to 60 months from the completion of the crowd base funding.

Transaction Fees: PROPS tokens are used to pay for transaction fees on the Propbase platform. Users must hold PROPS tokens to interact with smart contracts, ensuring a uniform method of settlement.

Rewards Protocol: 35% of the supply is allocated to a rewards protocol to incentivize new users and retain existing ones. Early adopters benefit from rewards upon completing investments, and users can earn rewards by staking their PROPS tokens.

Staking: PROPS tokens can be staked on the platform, allowing holders to earn additional rewards. This mechanism locks up a portion of the circulating supply, increasing scarcity and benefiting long-term growth.

Yield Distribution: Smart contracts distribute rental income proportionate to the token value, providing a steady income stream for investors.

Security and Transparency: Transactions are recorded on the Aptos blockchain on which Propbase is based, ensuring security and transparency. The decentralized nature of the blockchain helps prevent fraud and provides an immutable record of property ownership.

As of May, 2024, PROPS has:

Market Capitalization - $45,682,980

Circulating Supply - 350,449,554 PROPS

Total Supply - 1,200,000,000 PROPS

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