For years, owning property has been one of the best ways to preserve wealth. Since societies began forming, people have used property to keep their wealth and increase it. Today, the real estate industry is one of the biggest industries in the whole world. People are leveraging this industry in countless ways, each more profitable than the other. While real estate is one of the biggest industries, it is not that accessible, mainly because of how expensive most properties are. Not only that but people who want to invest in real estate are bound to properties based on their geographic location.
There is a team who wants to change that, all through blockchain technology. Blockchain technology has proven to be versatile. This allows this type of technology to be implemented in various industries. Propchain is leveraging blockchain technology to touch on the real estate industry. Through blockchain technology, Propchain is trying to make real estate investing easier and more accessible for everyone everywhere.
Blockchain In Real Estate
Before we get into the details of what Propchain is, let us take a look at how blockchain can improve real estate investing. The first element we will touch upon is the tokenization of properties. While most properties are expensive for middle-class people to invest in, through tokenization, individuals can only purchase bits of the property. So, to make it simpler for you, here is an example of how this would work.
Investor “A” wants to invest in a property worth $10,000 but only has $1,000 available. Through tokenization, Investor “A” can use that $1,000 to purchase just 10% of the property and share the other 90% with investors “B” and “C” and so forth. So, while investor “A” will have to share the profit as well, tokenization makes it possible for him/her to own at least some of the property. This is also known as fractionalization.
The other issue that blockchain can fix in this industry is the limitations investors face when it comes to their location. Through Propchain, investors from all around the world can own parts of properties or whole properties located thousands of miles away from them. While this possibility exists even today, this process is oversimplified through blockchain tech.
What is Propchain?
As mentioned before, Propchain is an innovative real estate investment platform that democratizes access to the property market. Propchain does so by enabling investors to participate in fractionalized property ownership. One of the key advantages of Propchain is its simple management approach. The platform’s dedicated team handles all aspects of property management. This means that the team covers everything from tenant relations to asset maintenance and reporting. This allows investors to focus on maximizing their profits without the need to do any managing.
The properties listed on Propchain’s marketplace are handpicked by a team of real estate experts to ensure the highest possible returns for investors. The diverse selection of properties available allows investors to build a well-balanced and resilient real estate portfolio. Moreover, Propchain eliminates the geographical barriers typically associated with traditional real estate investing.
Financial freedom and wealth protection are at the core of Propchain’s mission. The platform empowers investors to create passive income through global real estate investments using fractional ownership. This approach enables investors to earn rental income like a landlord, build a lasting financial legacy, and retire with a truly passive income stream. Real estate investments have long been considered a stable asset class, known for preserving capital during times of economic uncertainty or high inflation. Propchain’s platform allows investors to protect their wealth by diversifying their investment portfolios with properties from around the world. As time passes by, Propchain could begin relying more on Bitcoin and other major cryptocurrencies as well.
How Does Propchain Work?
The Propchain platform is pretty straightforward. While you can find everything you need to know above, we also created a step-by-step guide on how to use it. Additionally, this way, you can understand how Propchain works easier.
- Set Up Your Wallet
- Download the Propchain mobile app and create an account with your basic information and set up your Propchain wallet within minutes.
- Verify Your Identity
- Upload a copy of your passport, driver’s license, or national ID. Similar to most serious crypto projects, Propchain initiates the KYC process and verifies your account. Rest assured that your data remains secure and private.
- Find Your Ideal Property
- Browse the curated collection of international properties on the marketplace which is carefully filled with properties selected by experts.
- Make Your Investment
- Choose a property and invest using SEPA, Credit Card, or Crypto. Now, simply scroll through all investments on the user-friendly dashboard.
- Earn Rental Income
- Receive monthly passive income from rental payouts in your portfolio while the team handles all aspects of property management.
- Watch Your Property Value Grow
- Benefit from increasing market value and appreciation of your properties. Additionally, track how fractional ownership shares appreciate alongside the property value.
- Sell Your Stake
- When ready to cash out, sell your shares on the marketplace to another Propchain member. Now that you are all done, you can enjoy the profits from your property’s appreciation.
The Propchain Token ($PROPC)
As the cherry on top, we have the Propchain token, PROPC. This token will be the backbone of everything in the Propchain ecosystem. Until today. Propchain has sold over 1M EUR in tokenized assets. In just a few months’ time, Propchain has accumulated over 250 active users and is currently boarding close to 7000 new users. Until today, Propchain has gathered over $4 million through token sales. As of right now, Propchain is preparing for its scale-up phase and first equity round. This is planned to take place after a successful IDO of PROPC, the native utility token.
The $PROPC token is a utility token that forms the foundation of the #Propchain ecosystem.
Here are 5 ways you can use $PROPC to participate in the ecosystem 👇
— Propchain (@PropChainGlobal) April 25, 2023
Takeaways
- Propchain leverages blockchain technology to make real estate investing more accessible and convenient for everyone.
- Tokenization, also called fractionalization, allows investors to purchase a portion of a property. This makes expensive properties more affordable for middle-class investors.
- Propchain’s platform simplifies property management. The dedicated team handles all aspects of property management, allowing investors to focus on maximizing profits.
- The properties on Propchain’s marketplace are handpicked by experts to ensure high returns. This increases the chances of investors profiting from their real estate portfolios.
- Propchain uses its native token, $PROPC, as the fuel of its ecosystem. This provides the project with a seamless and integrated experience for users investing in global real estate.
