Propy is a groundbreaking company, supported by the National Association of Realtors, that is revolutionizing the real estate industry through the implementation of innovative technology. Its main objective is to automate the real estate sales process, enabling fully online and self-driving transactions on smart contracts. 

The Propy Utility Token (PRO) is developed based on the ERC20 token standard, ensuring seamless integration into users' wallets. 

Propy operates on a scalable business model. Upon the purchase of a property, Propy charges a small percentage (starting from 0.2% and averaging 1%) of the final purchase price. Additionally, brokers are charged per transaction. Tokens used for writing data to the Propy Registry are stored in a dedicated Rewards smart contract on the Ethereum blockchain. These tokens are then distributed to token holders in proportion to their PRO ownership. The rewards contract generates a monthly token distribution snapshot, ensuring accurate and transparent reward distribution for the quarter. As the snapshot is stored on the blockchain, anyone can independently verify the correct distribution of rewards.