Hi guys,
this ICO looks good and I believe there is a good chance the project is going to be successful if the team is working hard and doing a good job. I just have a question, what is the benefit for an investor to pay money and get the tokens? As far as I know the tokens are not equivalent to shares here. Someone wrote the more popular the project, the more tokens are needed by people. But I don´t see why that asumption makes sense. It would be very helpful if someone from the propy team could answer this important question: What are the tokens good for in their project?
Thanks in advance!
Like Propy said in their whitepaper, Propy is proposing a new decentralized global real estate market with a unified realtime transaction interface approaching the functionality and speed of electronic stock market exchange platforms. It will allow real estate assets to become liquid while providing users with greater control and protection of their property rights to those provided by the government in whose jurisdiction the real estate asset is located. Thus Propy is building a new ecosystem of token holders, brokers, governments and end users incentivized to support the transition to a seamless, secure and globally recognized P2P transaction ecosystem. For Token holders will be able to grow the ecosystem and obtain PRO from each transaction when the change of ownership is recorded on Propy Registry. The token holders will have the incentive together with the Propy to pursue the changing of regulations in many countries toward a more decentralized real estate market.
Thanks for your answer! After reading the whitepaper I still have some questions left. And hope you can help me and also others who have the same questions.
1) Since there are no more PROs mined after the ICO, where do the entities get the PROs from to do the transactions? Are new ones created and redistributed to the people who already hold the original tokens? Or do the entities have to buy the existing PROs from the token holders?
2) How much is the limit to participate in the presale? And can I participate without any cryptocurrencies since it says Tokens for $?
3) Is there an escrow company involved?
4) Who are the competitors of propy? Already know Rex, but haven´t checked them out yet. If anyone knows some other competitors, let us know
Hey, good questions and I guess the best answers can give
Propy's Team. I'm sure they will provide them shortly.
Regarding competitors, I didn't see here on forum other projects who were combining real estate and blockchain technology and never heard of Rex. Do they have official topic on this forum?
Thanks, hope the propy team can answer these questions. I think they are important for anyone who seriously wants to invest money in a startup. Specially if an escrow company is involved.
the bounty campaign manager answered your questions
here and I have just translated them.
1) Buy on the market
2) BTC and ETH, there is no max limit but min is 50K for pre-sale
3) T&C will be published soon
4) Rex is not the competitor at all. They will have only listing platform while in Propy it will be possible to do the deals
5)
info@propy.com 