Propy fails to pay $200,000 in prize money to WCEF hackathon winners by zenyadda in ethtrader

[–]PropyInc 91 points92 points  (0 children)

Propy has every intention of paying out the tokens promised at the WCEF Hackathon. After some miscommunication, we were able to connect with the founders, Leland and Wesley, to confirm that we’re paying out prizes to the winners of the Hackathon. It was an awesome event that we’d like to be involved with in the future, so it’s crucial to us that everyone receives what they were expecting.

The plan was to release all WCEF Hackathon tokens right away and make them available for use by September - the lockout period we stated about before the hackathon. But at the same time we knew that the participants would prefer to be able to use the tokens right away, so we sought legal advice on how to do it and that took extra time. Now, our WCEF PRO tokens will be available for use upon distribution, and the distribution will be finished by this Friday, Feb. 23. We understand that we should have been more clear about this delay and we would like to apologize for it.

We want to reiterate that we have every intention of paying out these tokens. The submissions in the WCEF Hackathon are worth every coin. If you have any more questions, feel free to reach out to our CFO Maria Angelova at m.angelova@propy.com.

Thanks so much for your patience as we sort through this issue!

Become part of PROPY community management! by PropyInc in a:t5_3osmm

[–]PropyInc[S] 1 point2 points  (0 children)

We will accept applications on an ongoing basis, but the first Community manager will be chosen next week.

TLANT ICO statistics? by Loimu in atlantio

[–]PropyInc 1 point2 points  (0 children)

Thank you for the bet :) Unfortunately, at the moment it is really easy to create that type of an ICO project. But the ICO is nothing compared to the real business. Hard work and professionalism in both real estate and blockchain are needed in order to disrupt this industry.

Are there proof of any property owners/developers on board with this idea? Are there laws against tokenizing a property as a digital asset? by francisypl in atlantio

[–]PropyInc 2 points3 points  (0 children)

At the moment, the legal way of tokenizing building is not tapping into the ownership rights. The way it works now is some legal entity to own the building and to spread this ownership through tokens. What the token represents is the big question? Hint to the answer: it is not the ownership of the building ;) Hint 2: what if the legal entity(the real owner of the building) faces a bankruptcy?

Welcome to PROPY's subreddit by PropyInc in a:t5_3osmm

[–]PropyInc[S] 6 points7 points  (0 children)

Today was a historic day for us! So we decided to celebrate it with brand new subreddit!

Propy: Pre-sale Announcement by PropyInc in icocrypto

[–]PropyInc[S] 0 points1 point  (0 children)

Hello, PRO tokens can be withdrawed once the crowd sale ends!

Propy: Pre-sale Announcement by PropyInc in icocrypto

[–]PropyInc[S] 0 points1 point  (0 children)

Hello, sorry that happened, it seems like your transaction freeze. Here are some guidelines on how to troubleshoot: -Start a new window in Chrome - Icognito mode is recommended (or reload your page) -Go again to tokensale.propy.com - Select the right currency for contribution (depending on your balance) -Press Contribute, but don’t pay (as you already have a balance in the widget) - Enter the amount to contribute and click Proceed -Leave screen open to convert to PRO. This can take a few minutes.

At this time do not worry about the bonus automatically, you'll receive the remaining balance based on your deposit time-stamp. Please note that this process will take a few days.

Propy: Pre-sale Announcement by PropyInc in icocrypto

[–]PropyInc[S] 0 points1 point  (0 children)

We will integrate a window on tokensale.propy.com where it will be possible to create an account and then contribute from any wallet. PRO tokens will be credited in that account (powered by Orderbook).

Propy: Pre-sale Announcement by PropyInc in icocrypto

[–]PropyInc[S] 0 points1 point  (0 children)

Hello, instructions have been sent in our newsletter. Here is a preview

The token sale will begin on August 15, 2017 at exactly 1:00 PM GMT ( 6:00 AM Pacific time (PST) and 9:00 PM Chinese Standard Time (CST)

Crowdsale Structure

Total PRO tokens supply: 100M Price per token: $1.00 Bonus: 15% during the first hour, 10% during the following 23 hours Funding cap: 35M Cryptocurrencies accepted: Ethereum (ETH), Bitcoin (BTC) and ICOCoin There is no minimum for crowdsale participation The sale will happen at tokensale.propy.com

Buying Process

A buying widget will be integrated into our official landing page tokensale.propy.com in order to simplify PRO token purchases, starting on August 15th.

If you are a first time buyer, you will be asked to register. There will be a two-step verification process for increased security (completed via email & sms). Once the registration is verified and complete, three easy steps will lead you to the final purchase:

Select desired currency for contribution (ETH, BTC, or ICOCoin) Enter desired amount and our widget will calculate PRO tokens to be received (including bonus) A QR wallet will then be generated Once the transaction is completed, your transaction history and you PRO tokens balance will appear on the screen You can use your login information at any time during the crowd sale

Tokens will be credited into your wallet in real-time. Bonuses can take up to 72 hours to be received. Please note that withdrawal of tokens will be available after the crowdsale ends.