Propbase Monthly Update - November 2022

PROPBASE MONTHLY UPDATE - NOVEMBER 2022

We are happy to announce our monthly progress update for November 2022. It's been an exciting month, jammed packed with our announcement with APLaunch and building on the Aptos blockchain. 

Our core team is fully focused on delivering a revolutionary product that will significantly transform the world's largest asset class, an industry valued at over $235T USD, over four times the size of the entire stock and equities markets worldwide combined. Blockchain based real estate transactions are at an infant stage representing only $1B USD in value globally.  

Our purpose in building Propbase, is to provide a new value proposition to a younger generation of property investors, essentially democratizing real estate investment, and making property ownership accessible to everyone. 

Users can begin their journey on Propbase for as little as $100 and get in on the ground floor of high quality resilient real estate assets through tokenized fractional ownership, and buy or sell tokens representing the underlying real estate value in just minutes, directly from a smartphone. 

APTOS ECOSYSTEM

Our announcement that Propbase has chosen the Aptos blockchain, has come with an amazing reception by community members. We are thankful for all the support from media partners such as @Aptos_insiders, @Aptos_Analytics, @AptosEcosystems, @Aptos_Network and our exclusive launch partner @APLaunch. 

Our leadership team believes the Aptos blockchain is going to revolutionize the industry going forward and is most excited to integrate with the rust-based native programming language called Move, designed specifically for smart contracts. 

The move programming language empowers developers like Propbase, to create applications simply, securely, and swiftly. Aptos focuses on an enhanced user experience with a parallel batch-optimized modular transacting processing pipeline. 

We immediately can see, parallel execution is what separates Aptos ahead of other layer 1 solutions, handling multiple transactions simultaneously. This makes things move a lot quicker because a failed transaction won’t halt the whole chain. Coupled with a proven track record in upgradability is why we are excited to be building on Aptos and contribute to the community.

APLAUNCH PARTNERSHIP

We have a lot of activity planned ahead as we gear up for our upcoming IDO with our exclusive launch partner APLaunch in Q1 2023. We are impressed with the level of due diligence APLaunch has done with qualifying projects like Propbase, prior to listing. 

The extensive experience of their team, product rollout, and IDO related products makes retail participation in IDO’s safe and secure for all parties involved. 

SOCIALS LAUNCH

In just a few days from our announcement we have already seen significant interest in Propbase, as a real world use case, integrating blockchain technology with physical assets, such as real estate.

We are building a large community who believe in the propbase mission to disrupt the real estate investment industry and make property ownership accessible to everyone. More community driven engagement, whitelist information, and community roles will be announced soon. 

LOGO REFRESH

A huge accomplishment feels nailed this month. Thanks to the support of community members,  as we are extremely happy with the branding and logo makeover. The new logo better reflects who we are and what we are trying to achieve in building a truly independent real estate investment marketplace. 

The word “Prop” representing property and “base” representing database, is reflective of our brand and our iconic logo represents “transaction”, which highlights our overall mission to streamline the transaction process and solve the problems facing the industry today, mainly low liquidity, high barriers to entry, and high fees. 

DEVELOPMENT UPDATE

The Propbase DApp is currently under development as a web app platform with mobile first user flow at the forefront of our designs. Basic site structure has been well underway utilizing javascript, react.js, and a utility framework provider Tailwind CSS. A separate module has been started for backend database management, and the team is becoming advanced in the Move programming language, Move CLI, and the environment in which smart contracts are deployed. 

Our model features an innovative automated order book management system, developed in house, by a technical team. This enables users to place buy & sell limit or market orders on property investment tokens, representing the underlying asset value of the property. The Propbase order book can list the number of tokens being bid on or offered at each price point, or market depth. 

Prior to our IDO, we will be launching a simplified prototype of the Propbase DApp to a community of interested beta testers, with full platform rollout targeted for the end Q2 2023. 

COMING IN DECEMBER 2022

Our upcoming month in December will focus on community based AMA’s, Video Interviews, and information about the Propbase platform, the leadership team, what Propbase is, the problems the platform solves, and a utility case for a native token called $Props, that powers the entire Propbase ecosystem. 

Stay informed by following our socials and participating in community activities. 

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