Propbase (PROPS)

Real Estate Tokenization

Propbase turns real estate properties into digital tokens on the blockchain. This allows people to invest in property with small amounts of money by buying fractions of real estate assets.

Investment and Trading

Users can buy, sell, and trade these property-backed tokens easily on the Propbase platform. This creates liquidity, meaning investors can quickly convert their property shares into cash or other assets.

Rental Income and Rewards

Investors can earn rental yields from the properties they own tokens in. Additionally, by staking PROPS tokens, users receive daily rewards, encouraging long-term participation.

Platform Utility

The PROPS token is used to pay transaction fees on the platform and interact with smart contracts. It also allows holders to participate in governance decisions about the platform’s future.

Collateral and Borrowing

Soon, Propbase will let users use their asset-backed tokens as collateral to borrow stablecoins like USDC, adding more financial flexibility.

Marketplace and Wallet

Propbase offers a peer-to-peer marketplace for listing and trading tokenized properties and includes a built-in multi-signature wallet for secure asset management.

Pros

• Propbase is a fast, scalable, and secure platform built on the Aptos blockchain, known for low fees and strong security.
• It tokenizes real estate assets, allowing fractional ownership, which lowers the entry barrier for smaller investors.
• The PROPS token powers smart contract interactions, transaction fees, rewards, and governance participation.
• Real estate properties are held in U.S.-registered LLCs, providing legal ownership rather than just price exposure.
• The platform offers liquidity by enabling users to buy, sell, or trade tokens representing real estate anytime.
• Propbase targets the growing Southeast Asian market with high crypto adoption and real estate demand.
• Smart contracts automate transactions, increasing transparency and reducing delays common in traditional real estate deals.
• The fixed supply of PROPS tokens helps maintain scarcity and value stability.

Cons

• Propbase is relatively new and has a smaller market cap and trading volume compared to major cryptocurrencies.
• The platform depends on adoption in the real estate sector, which can be slower and more complex than other crypto markets.
• PROPS tokens are mainly supported on the Aptos blockchain, limiting wallet and exchange options compared to Ethereum-based tokens.
• Price volatility is present, with recent price declines noted, reflecting typical crypto market fluctuations.
• Some popular wallets like MetaMask do not support Propbase tokens currently.
• The total supply is much larger than the circulating supply, which could affect token price if more tokens are released.

For more details, visit the official Propbase website: https://www.propbase.app/

Founders of Propbase

• Kevin Goose is the founder and CEO of Propbase. He is an entrepreneur and expert in technical platform development, leading the project with a focus on building a scalable and secure real estate investment platform using blockchain technology.

Investors in Propbase

• The main investors in Propbase are the founding leadership team and one seasoned private investor.
• Details about other specific investors or institutional backers have not been publicly disclosed.
• Propbase emphasizes funding through its own team and strategic private investment rather than broad public or institutional rounds.

For more details, you can visit their official site at propbase.app.

Halal Status of Propbase

• Yes, Propbase can be considered halal because it is a tokenized real estate investment platform that allows fractional ownership of real estate assets.
• It focuses on real asset backing rather than speculative trading or interest-based lending, which aligns better with Islamic finance principles.
• Transactions are done via smart contracts on the Aptos blockchain, providing transparency and avoiding interest (riba).

However, individual decisions may vary, and consulting a qualified Islamic finance scholar is recommended for personal confirmation.