Propbase
May 6, 2024

Driving Efficiency and Transparency: How $Props Token Enhances Propbase's Ecosystem

$Props - Powering the Entire Propbase Ecosystem

Driving Efficiency and Transparency: How $Props Token Enhances Propbase's Ecosystem

$Props Native Utility Token

The PROPS token's main utility feature is to facilitate processing of transactions via smart contracts that record a specific data point, which subsequently can be verified on the blockchain by all parties. $PROPS tokens are built on the Aptos blockchain, with low transaction fees taken into consideration. The Propbase platform requires the user to interact with smart contracts on the Aptos blockchain, with fees paid in the $PROP tokens. 

  • The entire supply of tokens will be issued at the beginning of the sale process. New tokens cannot be minted and existing tokens cannot be burned. 
  • Value will rise as demand increases as $PROPS tokens are required to utilize the Propbase platform regardless  if accessed by a third party or other entities.
  • As the platform grows and more users join the Propbase ecosystem, so does the value of the $PROPS token.
  • Users who do not have $PROPS tokens must buy them on an exchange in order to participate in the Propbase marketplace, registry, and transaction platform.
  • Platform Fees: The $PROPS utility token is utilized as a means of payment for platform fees across the platform, providing users with a convenient method to cover their transactional costs.
  • Membership Access: Users will stake $Props token to gain memberships that enable access to platform features; early access to WL spots on new properties, discounts on fees, and access to exclusive offerings. 
  • Liquidity Pools: By utilizing the $PROPS token to access liquidity pools, users can earn fees from the trading activities of others on the platform's secondary market, allowing them to benefit from the transaction fees generated by P2P trading.
  • Rewards: The 35% allocation of $PROPS token to the rewards protocol aims to incentivize and reward both existing and new users of the platform, fostering user engagement and growth.
  • Governance: The $Props utility token enables holders to participate in governance decisions related to the Propbase platform and its ecosystem.

$Props Vesting Schedule

Community-Focused Propbase: 55% Supply Dedicated, Long-Term Team Lockups, Sustainable Growth with 5-Year Plan, Transparent Allocation in Auditable Smart Contracts.

  • Transparency: Allocation in Smart contracts / Fully auditable 
  • Community Focused: 55% of Supply 
  • Lock ups: Team Lockups up to 60 months 
  • Strategy: 5 Year plan for sustainable growth 
  • IDO allocations unlocks shortly after TGE

Low Inflation: $Props Token

Benefits of a Low Inflation Token like $Props:

  • Fair Distribution: Low inflation reduces the risk of concentration of tokens in a few hands, promoting inclusivity and wider participation in the ecosystem.
  • Preserves value over time: Maintain the token's value, reducing the risk of depreciation.
  • Provides price stability: The token's value is less likely to experience significant fluctuations, creating a more stable investment environment.
  • Attracts long-term investors: Investors are encouraged to hold the token for an extended period, as its scarcity and limited supply increase the potential for value appreciation.
  • Incentivizes adoption and use: Users are motivated to hold onto the token, driving demand and promoting wider adoption within the ecosystem.

$Props Go-To-Market Strategy

Our go-to-market strategy entails a phased approach, starting with targeted digital marketing campaigns, strategic partnerships, and influencer collaborations to generate initial user adoption.

  • Full platform launch targeted for late Q2 of 2024
  • DEX (Decentralized Exchange) listing was November 10th 2023
  • CEX (Centralized Exchange) listing was November 10th 2023