Investing in property is exciting! But whether a first-time buyer or a veteran, any way to reduce the purchase price is always welcome, and ProperT does just that! ProperT combines the crypto market and the real estate industry to give homebuyers a 5% token-back reward in tokens on property purchases.
What is ProperT?
ProperT is an Ethereum-based utility token (ERC20) designed to give homebuyers a 5% token-back reward in tokens when purchasing properties. This discount can be applied to the buyer’s total purchase price or the down payment if a mortgage is provided. Homebuyers that hold ProperTs can purchase their property directly with these tokens.
ProperT Purchases
ProperT purchases are possible thanks to the crypto payment service provider, ForumPay, which instantly converts crypto to fiat (traditional currency such as USD or Euro) the moment a purchase is made.
ForumPay-authorized title companies accept the ProperT payment for a new home or property. The buyer provides 100% of the funds in ProperTs, and 5% is given back to the buyer at no cost to the merchant. The entirety of the funds are instantly converted to fiat and sent to the seller’s escrow agent at closing.
Getting ProperT
Acquiring ProperT is simple. Simply visit getpropert.com to access the ProperT buying portal where ProperTs can be bought with either crypto or a wire transfer. The total amount of ProperTs purchased will immediately appear in your wallet, allowing you to complete the transaction. Due to market fluctuations, it is advisable to purchase ProperTs close to or when the purchase is made.
Token Details
There will be a total of 21,000,000 ProperT tokens minted (created and verified) following a release schedule. In the first year, 50,000 tokens will be released weekly and halving every 4 years weekly (i.e., starting in year 5, 25,000 tokens will be released. In year 9, 12,500 tokens will be released – and on).
ProperT Token Smart Contracts are audited by the industry-leading firm CertiK. CertiK is a pioneer in blockchain security, utilizing best-in-class AI technology to secure and monitor blockchain protocols and smart contracts. CertiK applies cutting-edge innovations from academia to enterprise, enabling mission-critical applications to be built with security and correctness.
