Propy

Propy (PRO)

$0.0969 +2.5%

What is Propy?

The snapshot is stored in the blockchain, so anyone can verify that rewards were distributed correctly. Propy Utility Token (PRO) is built on the ERC20 token standard to allow for both simple integration into users wallets. Propy has a scalable business model. Propy charges brokers per transaction. Tokens paid for writing data to the Propy Registry are stored in a special Rewards smart contract on the Ethereum blockchain. The rewards contract generates a token distribution snapshot every month and distributes rewards for the quarter according to the snapshot. When a property is purchased, Propy takes a small percentage (starting from 0.2% and averaging 1%) of the final purchase price. These aggregated amounts of tokens are paid out to the token holders, proportional to the PRO owned.

Propy News

Disclaimer
The information provided here does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of this content as such. None of the information should be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. We do not endorse or rate any initial coin offerings or cryptocurrencies listed or mentioned, nor do we encourage our readers to invest in anything. Investing in initial coin offerings or any cryptocurrency is considered a speculative and high-risk activity and we strongly encourage all investors to perform their own due diligence and consider their own circumstances before considering an investment.