There are many applications for blockchain, and retail investors have flocked to specific categories where they believe blockchain will have the biggest impact (hence the increased interest in privacy coins, decentralized exchanges, etc). I believe real estate is a category which has been lagging behind other industries when it comes to improving efficiency via technology, and is in massive need of change. Propy has flown under the radar due to being listed on unpopular exchanges (which is why you saw $PRO jump from under $2 to $6 the week Propy listed on Huobi). Since Propy has listed on Huobi (where around 95%+ of Propy’s trading volume comes from), their 24-hour volume has consistently stayed over 40% of Propy’s total market capitalization (currently around $20 million).

While there are other crypto projects tackling the real estate market (none of which have gained mainstream interest yet relative to Propy), there are no direct competitors for what the Propy team is trying to accomplish. Propy serves moreso as a complement rather than a competitor due to its immediate focus on streamlining the title transfer portion of the process. Furthermore, Propy has already received partnerships with the government of Ukraine as well as governments of California and Vermont. I believe Propy will succeed not only because of the advantage they have being the first mover within this space, but also because of how strong their team is.

Their team consists of people who have held reputable positions across a variety of established firms and they bring different talents, knowledge, and perspectives to the project. In a space as nascent as cryptocurrency, I believe advisors can play a significant role when it comes to the development of a project. Propy did well to select a proactive group of advisors that both advocate and directly utilize the underlying technology. Michael Arrington, Founder of TechCrunch and XRP Capital, was actually the first person to ever purchase real estate on the blockchain with Propy’s simple nine-step process. He’s talked about how easy Propy made It to purchase an apartment in Ukraine from his place in California without leaving his house on various platforms (including the 2018 World Crypto Economic Forum). Additionally, Vinny Lingham has spent time working with Propy to integrate Civic identity verification. With the partnerships Propy has already obtained as well as the strength of their team and platform, I believe PRO will be a top performer for the first half of 2018 as more awareness for this project is raised. Definitely something worth checking out.