CryptoProperties (CPROP) offers a workflow management platform to help users close real estate deals. In addition to creating more efficient transactions, the software also allows users to pay for deals with cryptocurrency. The project aims to increase standardization, automation, and validation of the data necessary to complete real estate transactions. CPROP tokens will enable real estate agents and service providers to acquire tokens in exchange for a membership fee, allowing them to list their services on CPROP. When buyers complete a transaction they can earn CPROP tokens by providing a review of their agent or service provider and have the option of receiving extra CPROP tokens for allowing CPROP to manage their property.
Founded by Sanus Connect Co-founder Luke Sestito,1 DotLoop Co-founder Adam Koehler,2 and Co-founder of Sanus Connect and the Asia West Environment Fund Sanford Selman,3 CPROP appears to have a strong team of real estate professionals behind it. Advisors include the Peercoin project, head of DotLoop marketing strategy Alex Allison, and Co-founder/CEO of The Crypto Realty Group Piper Moretti. Peercoin has been working on blockchain-agnostic protocols facilitating peer-to-peer transactions that could be of significant help to CPROP in facilitating more efficient real estate transactions.
An ICO date has not been announced at time of writing but includes a presale cap of $10 million and a total cap of $35 million, reflecting a more realistic sense of valuation than some other ICO's. Token allocation will include 80% for members, 15% to the team and founders, and 5% for translations, bounties, and consultants. To learn more about CPROP, please visit their website at https://cprop.io/.