Propbase Monthly Update - December 2022

Hi Everyone, 

We hope everyone had a great Christmas and a happy new year. We are excited for what 2023 has in store for Propbase, a tokenized real estate marketplace building on the Aptos blockchain. 

This update is for December  2022, and we are excited to share that we have achieved another successful milestone in product development, launch plans, and more exciting news!

December Holiday AMA's

First of all, in December, we had a successful AMA (Ask Me Anything) on the AP Launch platform where we answered questions about our project and our plans for the future. The AMA was a 45 minute video interview with the Propbase leadership team (Kevin Goos, Jesse Gage, and Hudson Leung). AP Launch is our launchpad partner, and we are thrilled to be working with them. We are planning to host an IDO (Initial DEX Offering) in Q1 of 2023, and we will be sure to keep the community updated on the details as they become available.

Additionally, we had an AMA on Twitter Spaces with Aptos Ecosystem, where we had the opportunity to discuss a bit about Propbase and our partnership with AP Launch. It was great to connect with the Aptos community and share our vision for the future of real estate on the blockchain. Over 1,500 people joined the AMA, and there were over 700 people live at any given time throughout the whole event. We appreciate the support and engagement from the Aptos community and are grateful for the opportunity to connect with everyone who hopped on the show. 

Roadmap Milestones

On the product development front, we are happy to announce that we have successfully achieved another milestone in our roadmap for product development and our prototype is almost ready for beta testing. We are currently seeking early beta testers to join and test our prototype. If you are interested in becoming an early beta tester, please let us know. 

We've completed the structure for our full site and have successfully implemented a tokenization module for testing. The site consists of main sections: home, marketplace, portfolio, and news. Our technical team, which includes two members and the CEO, is working diligently to develop the remaining modules with a targeted launch date at the end of Q2 2023. In addition, we're continuing to work on back end database management and smart contract integration. We're also pleased to report that our Web Dapp is fully mobile responsive and looks great on any smartphone, with a perfect display at 430 px width and 932 px height.

Propbase is being built using the MERN stack for its full web based platform. It consists of MongoDB for database, Express.js for the backend web framework, React.js for frontend Javascript library, and Node.js for the runtime environment. We are using the latest security measures with Bcrypt for password hashing and authentication, and incorporating authO for user authentication. 

Built on the Aptos blockchain, the platform utilizes the innovative smart contract language called Move. We are committed to providing a secure and user-friendly platform, and can’t wait for our users to start exploring all that it has to offer.

We have been working hard to create a marketplace that is user-friendly, easy to navigate, and fully functional. Our team has put a lot of effort into developing the DApp and ensuring that the platform is responsive, so it can be easily accessed on any device.

Below is the desktop view of the Propbase marketplace. Users can participate in new properties listed on the platform by buying tokens representing the underlying asset value.

Our Value Proposition

The Propbase marketplace allows users to buy a fraction of a property and earn rental yield on a daily pro rata basis, giving users the opportunity to invest in real estate at a fraction of the cost of traditional property investment methods. This is a game-changing solution for the property investment industry, as it addresses one of the biggest pain points: high barriers to entry.

Alternatively, users can sell their tokens on the Propbase platform's peer-to-peer (P2P) marketplace to other users in just a few minutes. This provides much-needed liquidity in the property investment industry, which has historically taken sometimes years to sell and is time consuming. This feature gives Propbase users the flexibility to sell their tokens whenever they want, without having to wait for a long period of time to find a buyer.

Propbase's solution is expected to revolutionize the way people invest in real estate, making it more accessible, cost-effective, and flexible for all investors. It solves the three main issues facing the property investment industry today: high barriers to entry, high fees, and low liquidity. By addressing these challenges, Propbase is paving the way for a new era of property investment that is more inclusive and efficient.

Market News

There has been a lot of buzz in the industry recently about the potential for tokenized real estate to revolutionize the way property is bought and sold. According to a recent report from the World Bank, the market for tokenized assets is predicted to reach $24 trillion by 2027. Many experts believe that tokenization has the potential to make real estate investing more accessible and efficient, and it has attracted the attention of major players in the industry such as Larry Fink the CEO of Blackrock.

Community & Socials

We are also thrilled to see our social media channels continuing to grow. We have seen an increase in followers on Twitter, Telegram, and Discord, and we appreciate the support and engagement from our community. It's great to see such a strong response to our project, and we are committed to keeping you updated on our progress as we move forward.

We will be releasing more video content soon, featuring how to use Propbase and showcasing the various features and benefits of our platform. Keep an eye out for these videos, as they will provide a helpful overview of how to navigate and use Propbase.

We would like to give a special thanks to our growing OG (Original Gangster) community members for their continued support and engagement and were happy to distribute our first whitelist spots to our strong community base. Your participation in our community is invaluable, and we are grateful to have you with us on this journey.

Thank you for your continued support. We can't wait to share more updates with you soon.

Warm Regards,

Kevin Goos CEO & Propbase Team