Checking Back in on Propy (PRO)
Propy is the global property store and decentralized title registry. Their goal is to put real estate on the blockchain.
If you’re unfamiliar with the project I wrote about the case for Propy here and here.
There's been some news since the last update so let's see what's going on.
The World Crypto Economic Forum is coming up this January 15 and 16, including its much anticipated blockchain hackathon. Propy is participating and will be giving away $50,000 in PRO tokens to the winner. Plus CEO and found Natalia Karayaneva will be speaking at the forum.
What’s cool is that Propy advisors Vinny Lingham, Jeremy Gardner, and Michael Arrington will be speaking there as well. I definitely wish I could be attending this conference.
Propy also got a boost when Huobi.pro list the PRO token on January 4. The token more than doubled from about $2.40 to over $5.50. It’s now trading back in the $3.50 range.
Even bigger news is that you can now buy property in California with bitcoin using Propy’s transaction tool. It takes just nine steps. It was part of Propy’s recent release.
California is something like the sixth largest economy in the world if you separated it from the rest of the country. So in my opinion that’s pretty big news.
Still, Propy is valued at just $56 million.
The blockchain and real estate is a natural fit. Plus, it’s a big market. And Propy is one of the leaders in the space, so I think it has a lot more upside in 2018.
What do you think of Propy (PRO)?
i didnt like this ICO (since it wasnt pumping) but now that i sold with profits im happy ;)
Profits are the cure for everything ;-p
Some of these just gotta wait. I made out like a bandit w DENT and KIN but took a while.
Got me thinking I should be getting in on more ICOs.
I really agree with you on this project being undervalued, I like the concept too. I am looking for investments in cryptos too (small cryptos) :)
I think the use of blockchain technology in Industries where there is high middle man cost will be an easy sell. This is 1000000x more viable then Dentacoin lol
Lol true that! Plus it'll make it easier for govts to collect property taxes... just hope they can figure it out!
Thanks for the profile dude. WAVES has come up on my radar a few times now and for some reason I've never checked out the tech.Have a nice day.
I like WAVES too - https://steemit.com/bitcoin/@g-dubs/a-crypto-for-2018-waves
Thanks for you g dubs
Thank you for sharing..I used to work in mortgage default...this has so many use cases it is incredible..going to go do more due diligence
You bet, cheers!
Always top notch and on time with useful informations, thank you buddy!!!
Thanks for reading!
Great crypto information,thanks for sharing bro.
Cheers!
I am bullish on the idea, but I think some general-purpose token might come in and destroy specific-use tokens like this. That said, for a short-term trade in the fuzzy, frothing waters of crypto...probably a good call. You in on it @g-dubs?
~ Kevin
That's certainly a possibility. It's a small spec of mine.
Love that you're making plays like this. I am consolidating a bit, but definitely have some alt positions I'm SUPER bull on too :)
I make a lot of small specs, sell a little on the rallies, and then stack a little BTC and make some more small specs. Rinse and repeat ;-p
I'm not savvy enough of a day / swing trader to do that unfortunately. I try to identify potential HUGE value coins and then hold and hope to 100x like a simple peasant, hahaha.
I don't do any day trading, too much for me.
I like your idea... the peasants shall rise!
I've seen a couple real estate based ICOs but I don't think I would ever invest in one. Not yet anyway.
Agree real estate will be a longer timeline than other projects. But I like what Propy is doing, going to keep my eye on it.
That's a great info of bitcoin @g-dubs