Dear Propchain Community,
As we embrace the return to normalcy and propel full steam ahead into the new year, Team Propchain is thrilled to present the concluding announcements for our Propchain December Calendar and offer a reflective overview of the entire month.
Let's unveil our pivotal highlights from the last three days of the calendar, each marking a significant stride in Propchain's journey:
Equity Seed Round Kickoff for
Prop.com (December 29th):
On December 29th, we officially initiated the equity seed round for
Prop.com, the eminent fractionalized investment vertical of Propchain. This momentous occasion followed the successful launch of our mobile application and marked the strategic entry into the public domain. We timed this move perfectly, having bootstrapped the company within the Propchain ecosystem to establish a proof of concept. The round, designed to attract further growth capital, aims to fortify our market position and propel advancements in our product roadmap, market fit, and financial targets for the year. A very noteworthy 50+ % has already been pledged, which is yet another testament to the unwavering support from our community.
Some noteworthy achievements for
Prop.com in 2023 include:
Fully operational product on desktop and mobile (!).
€1.5M in fractionalized real estate sold.
Over 20,000 investors on the waitlist.
Seven months of rental income disbursed.
Early revenue of six figures.
Compliance with EU regulations.
120+ 5-Star reviews on Trustpilot.
We're delighted to share more insights and opportunities related to this exciting development. We will be announcing a comprehensive strategy and roadmap presentation very shortly.
$PROPC Token Integration Kickoff (December 30th):
On December 30th, we officially commenced the integration of the
$PROPC token within the
Prop.com platform, marking a significant step toward realizing the token's official utility. This move signifies the start of a token-based economy less correlated with the downsides of the overall crypto market. Our approach involves integrating the token into products with a core focus on traditional assets, catering not only to the web3 crowd but also to an even broader audience. Stay tuned for detailed resources on the initial product utility of
$PROPC, underlying mechanics, and integration plans within
Prop.com through articles, webinars, and knowledge base items, which we are incredibly excited to share with you all.
Year-End Summary and Tokenomics Update (December 31st):
On December 31st, we took a moment to recap the month and address the community's feedback on
$PROPC tokenomics. With an impressive burn of 5+ million tokens in December, totaling over 15 million to date or 15,08% of our max supply, we showcase our dedication to the community and the project's long-term health. We're thrilled to announce that January will bring further action on the tokenomics front, building on the positive response from over 60% of our backers regarding the collective ecosystem burns with our pre-sale holders.
Before we embark on an exciting journey in January, filled with numerous announcements (more news this week), let's acknowledge the incredible collective accomplishments of December:
Burned 5.082.223 PROPC tokens, exceeding 15 million tokens (15,08% of Max Supply) burned to date.
Introduced the first community voting and feedback mechanism.
Achieved over 4 million impressions on our socials.
Expanded our KOL network with true ambassadors tailored to Propchain.
Completed 7 months of rental payouts on the
Prop.com platform.
Awarded the first official Merch to our community.
Launched the
Prop.com mobile app.
Surpassed the 61K follower mark on X.
Reached 5K+ holders of
$PROPC.
Introduced an incredible new property listing.
Initiated the
Prop.com equity round.
Kicked off the official
$PROPC product integration.
Commenced waitlist on-boarding.
Teased a new exchange listing. 👀