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What is Propy coin (PRO) and how does it work?

by Financial Economy
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Propy Utility Token (PRO) is built on the ERC20 token standard to provide simple integration into users’ wallets. Propy is a global real estate transaction system that facilitates real estate purchases with an automatic land registration and transfer system. Detailed information about what is Propy coin (PRO), how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about Syntropy coin (NOIA).

What is Propy coin (PRO) and how does it work?

Propy Utility Token (PRO) is built on the ERC20 token standard to provide simple integration into users’ wallets. Propy has a scalable business model. When a property is purchased, Propy receives a small percentage of the final purchase price (starting at 0.2% and 1% on average). 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. These bulk token amounts are paid out to token holders in proportion to the PRO owned. The rewards contract creates a coin distribution snapshot each month and distributes rewards for the quarter based on the snapshot. The snapshot is stored on the blockchain so anyone can verify that the rewards have been properly distributed.

How to buy Propy coin? What is the price of PRO coin?

Propy coin can be purchased from the listed cryptocurrency exchanges. But it is necessary to make sure that the exchange is reliable. As of November 15, 2021, the price of 1 PRO coin is around $3.28. (Price may change instantly) The circulating supply of Propy coin is 70,850,406 PRO, and the total supply is 100,000,000 PRO.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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