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At its essence, Propy serves as a decentralized title registry and real estate marketplace, connecting buyers and sellers from around the globe. Central to Propy's functionality are smart contracts, which facilitate seamless property transactions while ensuring transparency and security. Users of the platform are empowered to search for properties, negotiate deals, execute contracts, and transfer ownership—all backed by the robust infrastructure of blockchain technology.
One of the standout features of Propy is its native cryptocurrency, the Propy token, or $PRO. This token plays a pivotal role in the platform's ecosystem as it supports the tokenization of real-world assets (RWAs), particularly properties. By integrating cryptocurrencies into real estate transactions, Propy aims to create a more accessible and efficient market, breaking down traditional barriers and democratizing access to real estate investments.