ProperT is a utility token that gives homebuyers a 5% token-back reward on property purchases. Buyers who use ProperTs pay the total price or downpayment of property and automatically get 5% back! So, how does someone get their hands on this opportunity? It’s simple!
Buying ProperT
The easiest way to acquire ProperT is through the Token Purchase Platform. You can buy ProperT with crypto or wire transfer there. Notice: for non-US citizens or residents, ProperT can be bought on either the Token Purchase Platform or the Limitlex exchange.
In order to complete the buying process, 100% of the purchase price must be bought in ProperT to complete the transaction, and ProperT gives back 5% of the sale price once processed. For example, suppose the total purchase price is $500,000. In that case, ProperT will return the $25,000 in ProperT tokens, which can be used as payment through ForumPay crypto payment technology or to save for another property purchase – that simple! The same procedure applies to down payments as long as a mortgage is provided.
Buying ProperT With Stablecoins
It’s not obligatory, but if you plan to purchase ProperTs with crypto, it’s advisable to buy ProperT with stablecoins. Why is that? In short, stablecoins are cryptocurrencies hedged to tangible assets, meaning they don’t face the volatility of extreme value fluctuations. Exchanging the equivalent amount of owed funds in traditional crypto to stablecoin crypto helps lock that amount in place while not having to cash out and pay extra fees. This keeps the value safe from the crypto market fluctuations while the transaction is being prepped and ProperTs are waiting to be purchased for the transaction.
Using ProperT
When the transaction is underway, 100% of the purchase price should be bought in ProperT and stored in the buyer’s digital wallet. Once the ProperTs are available, they will be processed by the escrow/title company as payment. The escrow/title company needs to be ForumPay affiliated, meaning the agency accepts crypto payments using ForumPay’s instant price-determining crypto payment gateway, which converts crypto to cash the moment a purchase is made. Once the purchase is complete, ProperT will give back 5% of the total purchase price in tokens. 100% of the funds are accumulated in cash and settled in the escrow/title company’s bank account at closing.
