Propy is a blockchain-based platform designed to facilitate the buying and selling of real estate properties.
The platform utilizes blockchain technology to streamline and automate the process of property transactions, making them more efficient and secure.
Propy has its own utility token called “PRO.”
Global property transactions
Propy aims to create a global real estate marketplace where users can buy and sell properties from anywhere in the world. This is particularly useful for international buyers and sellers.
It uses blockchain technology to create a secure and tamper-proof title registry. This ensures the authenticity of property titles and reduces the risk of fraud.
Moreover, smart contracts on the Propy platform facilitate and automate various aspects of the real estate transaction process, including the transfer of ownership and the release of funds. This reduces the need for intermediaries and streamlines the process.
Propy provides escrow services to securely hold funds during a transaction. Payments are released automatically when predefined conditions in the smart contract are met.
Cross-border transactions
The platform is designed to handle cross-border transactions, which can involve complex legal and regulatory requirements. Propy helps users navigate these challenges.
Users can list their properties for sale on the platform, and potential buyers can search for properties based on their preferences.
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