It has been a really long time since the cryptocurrency industry was first introduced and honestly, the industry has had a wonderful journey so far by being able to lure in potential investors from all across the globe and managing to make a name for itself in the global marketplace. Not just that, as mentioned, the industry has had a surge in its overall growth and popularity recently, thus helping it to reach greater heights!
Having said that, I believe a majority of you are already familiar with the basics of the industry and I am sure that you are eagerly waiting for us to start with what we have with us today but, for some of you who are new to this whole thing, it’s best if we have a brief look at the industry first.
To begin with, cryptocurrencies as the name suggest is nothing but a form of online or virtual currencies that can easily be made use of for a variety of purposes including the purchase and sale of goods and services as well as for the purpose of trade and exchange over cryptocurrency exchanges available online.
In other words, crypto is a blockchain-based platform that is known to be decentralized to its very core. Being decentralized, the crypto world becomes more than capable of stepping outside the overall control and jurisdiction of central authorities and can work freely without any unnecessary government interferences as well.
Also, when the industry was first introduced there were not many currencies to choose from and honestly, not many people were looking to be a part of it either as people back then were very skeptical with respect to the return on investments they could expect as well as the safety of their money too.
That is surely not the case anymore as today, we have pools of currencies available for investors to choose from, with newer ones coming in with each passing day and tons of new investors joining in every hour.
Speaking of a lot of currencies available today in the marketplace, some of the most popular ones worth investing in includes Bitcoin, Cardano, Baby Doge, Ethereum, Dogecoin, Polkadot, Binance Coin, PancakeSwap as well as EverGrow Coin to name just a few of course.
In addition to this, it feels rather interesting seeing such a rapid growth of the industry over the past couple of years and so, let’s look at some of the major contributing factors responsible for this huge success including portability, high-profit margins, volatility, negligible response time, convince it offers, intuitive nature as well as ease of use of course.
Being volatile, it is important for you to be aware of the fact that, it is not always possible to predict the price changes and act accordingly as the price fluctuations in the crypto marketplace are almost immediate, thus leaving no time to plan. Therefore, whenever dealing in online currencies, keep in mind that, if the industry is providing you with an opportunity to earn huge profits and make quick money, if not done right, you could also end up having significantly huge losses as well.
Not just that, as per the chatter amongst some of the leading experts on the field, it has come to our notice that, crypto is rapidly progressing towards completely revolutionizing the global payment system and from where I stand, it looks like it has already started to do so as many merchants and businesses have started accepting crypto as an official mode of payment from their customers.
Now that you have a brief backstory about the crypto world, you will be able to have a much better understanding of what we have with us today, Propy. To know more, I suggest you read further!
Everything to know about Propy (PRO)
Propy or as commonly referred to as PRO is nothing but a platform that is simply used for making international real estate transactions. In other words, Propy is a decentralized marketplace of sorts that is focused on making real estate transactions all across the globe while facilitating real-time unified transactions mitigating redundancy and fraud.Â
Not just that, Propy is one such platform that is said to bridge the gap between agents and buyers and simply bring them together on a secure, single as well as unified platform based on the ever-popular Ethereum blockchain. Also, it is said to have made the world’s first-ever real estate blockchain transaction in 2017.Â
Apart from this, the project’s real estate platform is known to be aimed at processing tokenized land with a lot of ease while also maintaining the client’s peace of mind, which believe me is really important! Smart contracts render transactions needed transparency and you should know that, the primary clients for Propy are both institutional as well as retail investors.Â
Before moving any further, it is probably worth noting that, PRO is said to be the native utility token of the Propy platform, which as a matter of fact can be used for a variety of purposes on the platform itself like being used for making payments for platform fees and for creating or modifying title and deed contracts.Â
Coming back to the topic, the said company has also managed to have done the first government-approved title registry on the blockchain and Propy has surely helped in thousands of home purchases. Basically, with the help of blockchain and automation technology, the entire process of purchasing property has become much more straightforward and transparent.Â
Furthermore, the platform also is capable of automatically generating the sale as well as a purchase agreement and performing ownership verification through a third party. In addition to this, the offer given is also said to be signed by all participants electronically and once all the parties provide their signatures, the agreement for the purchase of property gets encrypted and is then known to be recorded on the blockchain.Â
Having said that, it is just a matter of five easy steps while using propy including, property choice, sale as well as purchase agreement generation, proving any and all additional documents, payment, and the last step being, deed. Speaking of payments, know that, the buyer on the platform has the options for both cryptocurrency and fiat money in order to make payments.Â
Lastly, since everything is being recorded on the blockchain, there is no such opportunity for any sort of fraudulent behavior in the overall transaction process. Moreover, with Propy’s automation feature, talked about earlier, buyers and sellers save a lot of money on fees.
The real estate industry is known to have put off this evolution for years. However, with the help of this platform, the trend is about to change. As technology develops, the process will keep on getting better and better.Â
Now that we have talked much about Propy, some of you must be wondering, whether or not it is a good idea to invest in the platform? If that’s the case, then let’s find out, shall we?
Investing in Propy (PRO)
As of today, the price of Propy is about 2.69 US dollars with a twenty-four-hour trading volume of 17,053,777 dollars. Not just that, in just the past twenty-four hours, the value of the Propy has gone up by 80.49 percent, and with the current market cap of 198,630,254 Â US dollars, PRO is currently placed at #265 position as per the CoinMarketCap rankings.
Also, it is worth mentioning that, the current circulating supply of the Propy is 73,851,416 PRO coins, but unfortunately the maximum lifetime supply of the token is not yet available. In just the past week alone, the price of the platform has risen by 72.94 percent.
Reading so far, you must have gotten a fair understanding of the platform and by now, you should be able to figure out on your own whether or not investing in Propy is the right thing for you to do. Seeing what it has to offer when combined with its performance in the recent past as well as its plans for the near future, I certainly believe that Propy can prove to be a profitable investment in the near future, which is likely to provide you with higher returns and it is a possibility that your current investment may increase in value. But again, nothing can be said for sure!
If still not convinced, see it this way that, if say you buy Propy worth a hundred dollars today, you will receive nearly  38.010 PRO. According to the analysis done by experts in the field, after five years of your investment, the return is expected to be about +208.25 percent and thus, your current hundred-dollar investment will be nearly 308.25 US dollars in 2027.
As mentioned at the very beginning, crypto is a highly volatile marketplace and is extremely uncertain. Thus, It is very important for you to understand the fact that just like any other currency in the crypto marketplace, Propy does have its own risks as well and you should invest only if you are willing to take those risks and bear any and all losses if at all necessary.
If you are wondering, where can you buy Propy? Let me help you with that. Currently, Propy is available on all major crypto exchanges but, some of the popular exchanges that have PRO listed on them include Huobi Global, HitBTC, Hoo as well as Coinbase Exchange to name a few. Â
In conclusion, what are your thoughts on Propy? Do let us know in the comments area below. To know more about various cryptocurrencies, do check out other articles we have on our website. Thank you for your time & if you found our content informative, do share it with your investor friends!
Also read: SXP: Everything you need to know