Looking for Propy? Find PRO Price, Exchanges, Reviews, Chart, Historical Data & PRO Marketcap
Propy (PRO) Ranked 561 in Coin Market Daddy Currencies Index. Propy (PRO) price is $0.082775. It has a current circulating supply of 70,100,406 PRO and a Marketcap of $12.92M. $447 worth of Propy (PRO) has been traded in the past 24 hours. Propy (PRO) currency type is token (Ethereum). PRO trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update Propy (PRO) and contribute to CMD Cryptocurrency Encyclopedia.
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. When a property is purchased, Propy takes a small percentage (starting from 0.2% and averaging 1%) of the final purchase price. 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 aggregated amounts of tokens are paid out to the token holders, proportional to the PRO owned. The rewards contract generates a token distribution snapshot every month and distributes rewards for the quarter according to the snapshot. The snapshot is stored in the blockchain, so anyone can verify that rewards were distributed correctly.