Name : Propbase (PROPS)

PROPS Price : $0.15300 +11.73%

Consensus Mechanism : Proof of Stake

Volume: 853,014

Market Cap: 53,308,598

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Last Screening: Q2 2024

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Overview

Propbase is a pioneering real estate tokenization platform powered by the Aptos blockchain. It introduces a novel way to invest in properties through fractional ownership. The platform utilizes smart contracts and the PROPS utility token to streamline transactions, lower fees, and enhance transparency. With features like a multi-signature wallet, decentralized marketplace, and rewards program, Propbase aims to democratize real estate investment, making it more accessible and bridging the digital-physical asset ownership gap.

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COMMENTS

1 Comments

Manjam Funds

9 days ago

This project stands out as a leading initiative in the RWA protocol (Real-world Assets), aimed at tokenizing tangible assets on the blockchain. 


By digitizing real assets, it facilitates seamless investment and trading opportunities through blockchain technology and cryptocurrencies. 


The platform serves as a marketplace for apartment rentals, assuming responsibility for the management and leasing of these properties. Revenue generated from rentals is then distributed to investors or those involved in the property investment.


Regarding the aspect you highlighted, it falls into a grey area due to the presence of Guaranteed Rental Returns for a fixed period. This concept mirrors conventional real-world practices, wherein landlords typically offer assured rental returns to tenants for a specified duration.


Please reconsider studying the project.

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