Propbase (PROPS)

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Real Estate Investment

Propbase allows users to invest in high-quality real estate assets with fractional ownership starting as low as $100. This means you can buy a small part of a property, like luxury homes or commercial spaces, without needing to buy the whole property.

Tokenization and Blockchain

Propbase converts real estate ownership into digital tokens on the Aptos blockchain. These tokens represent shares of properties and make investing easier, faster, and more transparent. Smart contracts automate property transactions, rental income distribution, and ownership transfers.

Marketplace and Liquidity

Propbase features a peer-to-peer marketplace where users can list, buy, and sell tokenized property shares anytime. This improves liquidity, allowing investors to sell their shares whenever they want.

Transaction and Fees

The PROPS token is used to pay for transaction fees on the platform, including property purchases, listings, and yield transfers. It also powers all smart contract interactions within the Propbase ecosystem.

Rewards and Staking

Users can stake PROPS tokens to earn daily rewards, encouraging long-term participation and helping maintain network stability.

Cross-Chain and App Features

Propbase supports seamless cross-chain transactions and will offer mobile apps for easier property management and investment on iOS and Android devices.

Accessibility and Growth

By lowering entry barriers and using blockchain technology, Propbase democratizes real estate investing, making it accessible to more people globally while ensuring security and transparency.

Advantages

• Propbase allows investing in high-quality real estate assets with as little as $100 through fractional ownership, making real estate investment more accessible.
• It offers rental yield earnings and liquidity by enabling users to sell their investments anytime from anywhere.
• Built on the Aptos blockchain, Propbase benefits from low transaction fees (~$0.01), high scalability, security, and fast transaction processing.
• The platform uses smart contracts to automate property transactions, ensuring transparency and trustless execution.
• Propbase tokenizes real estate assets, lowering barriers to entry and allowing smaller investors to participate.
• The PROPS token facilitates all platform transactions, smart contract interactions, and access to new property listings.
• Investments are legally protected and compliant, with properties held in U.S.-registered LLCs, providing true ownership.
• Cross-chain bridges expand accessibility beyond Aptos, including Ethereum and Base blockchains.
• The platform supports multiple wallets and aims to offer seamless cross-chain transactions and mobile app management.

Disadvantages

• Propbase's price has shown recent declines and underperformance compared to the broader crypto market and similar real-world asset tokens.
• The value of PROPS tokens can be volatile and may not always reflect the underlying real estate asset performance.
• Success depends on the platform's ability to continuously secure high-quality properties to tokenize.
• MetaMask and some popular wallets currently do not support Propbase, limiting wallet options.
• The project is pioneering in a still-developing sector, which may involve uncertainties related to adoption and market dynamics.
• Trading volume and market activity have experienced recent decreases, indicating fluctuating investor interest.

Founders and Leadership Team

Propbase was co-founded by Kevin Goos, who is the CEO. The leadership team also includes Hudson Leung and Jesse Gage, both serving as Executive Directors. Kevin Goos focuses on technology, marketing, and real estate, having built successful online property marketplaces over the last 10 years. Hudson Leung contributes to market strategies, while Jesse Gage oversees operational aspects of the platform.

Investors in Propbase

• Propbase has not raised any formal funding rounds yet and does not have institutional or angel investors.
• The project’s tokenomics indicate that 10% of the total token supply is allocated for seed capital and advisors, suggesting some financial backing.
• Over 11,000 investors are noted in related data, reflecting a broad base of individual investors participating in the ecosystem.
• Propbase is supported by a community of investors and strategists who engage with the platform and its governance.
• The company is currently unfunded in terms of venture capital or formal investment rounds but has a growing investor community through its token sales and platform participation.

Halal Status of Propbase

• General Islamic Finance Principles: Prop trading can be halal if it avoids interest (riba), leverage, swaps (interest-based fees), and speculative contracts like CFDs or futures. Trading must involve real asset ownership and not gambling or excessive uncertainty (gharar).

• Prop Firms and Halal Trading: Prop firms that provide funds without charging interest and operate on profit-sharing or partnership models align better with halal principles. Firms offering swap-free accounts and spot trading of real cryptocurrencies or stocks are more likely halal.

• Cryptocurrency Considerations: Crypto trading can be halal if it involves spot trading of established coins (like Bitcoin or Ethereum) with real economic activity and no interest or forbidden elements. Speculative or leveraged crypto trading is generally not halal.

• Specific to Propbase: No direct information confirms Propbase’s halal status. However, if Propbase operates without leverage, interest, or speculative contracts and offers spot trading of real crypto assets, it could be considered halal.

Answer: No definitive yes or no can be given without specific details on Propbase’s trading practices. Generally, Propbase can be halal if it follows Islamic finance principles such as no interest, no leverage, and real asset trading.