Last Friday, the altcoin Propy was listed on Coinbase and consequently spiked in value by 227%. Which gives us a solid excuse to plug yet another curious use case. Propy (PRO) is an Ethereum side-chain designed to virtually purchase real estate. PRO tokens are used to complete transactions such as deed contracting, and, as of late, as a convenient way for crypto influencers to double their money. Thanks Biden.
The stated aim of the blockchain-based exchange is to ‘protect the real estate industry from scams and wire fraud’, which feels like a strange fit, but hey. The customer knows best, right? PRO opened the year trading at $1.47, and hit a high of $4.11 yesterday. Of course, it’s down almost a dollar now, and may very well continue to oscillate wildly while swing trainers hold on like a hammered college student on a mechanical bull until the hype dies down and web3 Twitter finds the next shiny new toy, or, God forbid, an exciting use case actually proves itself to be useful.
Want ProTips for Business Owners delivered to your inbox? Join the movement!