base guy | Porpbase IDO on Nov 1

#ATHour is just a short time away! This means the public sale is getting close and we want to reward our community for their support with a 10,000 USDT giveaway. This will be based on AMA attendance. In addition, there are also 10 Tier One Node Whitelist spots up for grabs. 🏆 Enter here: forms.gle/qUnAUwfaJk2bxh… We also have a stacked panel lined up for this event! 🐂 @Bullrun_Gravano 🧠 @milesdeutscher 👩‍🚀 @LadyofCrypto1 🪁 @FlyeKitesJay 🤩 @cryptomanran Let’s celebrate this major milestone for Aethir! Set a reminder ⤵️ 📅 Today, at 9:30 am UTC x.com/i/spaces/1mnxe…

The $PROPS Mega IDO Registration is open! One of the most exciting RWA gems in crypto. Don't miss your last chance to secure a slot. 🔸Registration is live 🔸WL Round: 1st Nov 🔸Fair Round: 2nd Nov 🔸Sale Ends: 6th Nov 🔸Distribution: 8th Nov How do I get involved? You can still secure your Whitelist slot for the IDO. There are multiple steps involved - so let me help. All the steps for the IDO are in this guide 👇 x.com/oculus_crypto/… Any questions or if you need help, let me know. - - - - - - - - - - Propbase Highlights 🏘️Focus on Commercial Real Estate & SE Asia. ⚖️Compliant Framework in SE Asia and and EU. 🕴️CEO with 15+ years experience in Proptech Innovation. 🏦$140m Asset Offering with the Azure Rich Group. 📜3720+ Investor Waitlist (EU & SEA focused). 💰$25M Portfolio. 🪙Token built into the core of the platform, designed as a method of settlement for all property Tx fees, next-gen features & membership access. 🔒Team lockups: 60 months. 📊Low inflation. 📢Top 4 trending in RWA Communities. 🏆Highly oversubscribed earlier IDO Rounds: Round 1 sold out in 4 days and Round 2 in 6 days. - - - - - - - - - - I will be returning to buy more $PROPS in the Mega IDO. I am very excited for this one! Be a part of the most exciting emerging platforms in RWA today with @PropbaseApp

Several sold out IDOs and a lot of hype but is Propbase meant to stand the test of time ? $PROPS could be a promising project ! That's why... I have studied the white paper EXTENSIVELY 😮‍💨 and compiled VERY DETAILED information about this project! So basically I have done the heavy lifting and you can find my findings below + TLDR in the end Lets go ... 😘 ------------------------------------------------------- INTRO Propbase is a real estate investment and transaction platform, providing tokenized solutions for real estate developers. Vision: (a) democratize accessibility to fractional ownership of real estate (b) bridging gap between physical and digital assets ------------------------------------------------------- Value Proposition & Market Outlook: While the tokenization of illiquid assets is still in its early stages, it holds immense potential for the blockchain industry. Citibank suggests that tokenization could be the breakthrough use case for blockchain technology, driving increased adoption. The total value locked (TVL) in the market has been steadily growing, indicating a rising interest in RWA. Reputable entities, such as @BCG, assume that this market could become a $16 trillion business opportunity by 2030. Even capturing a small market share could have a substantial impact on blockchain and crypto as a whole. However, when you compare that to the estimated $900 trillion value of global assets, tokenized real estates currently make up a small fraction. Therefore many people assume that there is a lot of room for growth. I, personally, agree. Specifically addressing the tokenization of real estate, Citibank has forecasted that the market could reach $4 trillion to $5 trillion in tokenized digital securities and $1 trillion in blockchain-based trade finance volumes by 2030. (Look up article of Citibank titled “Money, Tokens, and Games“.) These projections definitely highlight the immense potential for blockchain-based real estate tokenization. However, it's important to acknowledge that there are significant challenges to overcome in this sector as well. So it’s not all roses and sunshine, at least not completely. ------------------------------------------------------- Qualities of Propbase: 🔷Ease of Use // UX Propbase claims that the platform enables efficient real estate transactions for retail investors, offering a user-friendly and contemporary approach. It seems users will be able to buy and sell real estate assets using their smartphones. For me that’s a major plus because I believe smartphones will be the entry gate for new retail investors in the bull. 🔷Huge Target Group They are setting a low minimum investment threshold of just $100. That ensures that property ownership becomes accessible to a broader audience. This, again, is a a very good competitive advantage compared to more expensive and complex investment vehicles like REITs. This will enable more people to participate in the real estate market. I believe the current worldwide housing market situation might boost this scenario in the future. Housing is barely affordable in western countries right now with rising mortgage rates and sky rocketing property prices. Fractional ownership definitely offers an alternative for Gen Z and millennials even if a whole property may be out of reach. Important Side Note: IMO the advantages above are NOT necessarily unique to Propbase. They can apply to any project with good UX in the RWA niche. 🔷Transparency via Blockchain The Propbase Registry maintains a comprehensive and verifiable record of property transactions, simplifying the verification of property ownership. This transparency enhances trust and confidence among investors. 🔷Compliance + Data Accessibility Upon government requests, Propbase can provide ownership information associated with wallet addresses. This capability adds an extra layer of data accessibility and security while it also secures adherence to regulatory standards. (Still a little skeptical about that) ------------------------------------------------------- Ecosystem Tool -> Propbase Tokenization Module -> on-chain + off-chain Off-chain uses: property application, audit, incorporation On-chain uses: tokenization, listing, smart contract integration, purchase of fractionalized shares ------------------------------------------------------- Tokenomics: Company, Foundation, and Seed allocations locked up for 60 months i.e. 5 years Max. Supply: 1.2 Billion Tokens 20% of total supply allocated to crowd based IDO No burn mechanism 😭 No minting of new tokens after TGE 😃 Investors: No VCs involved Seed: approx. $70K -> angels + partners IDO Round 1: $100K at $2 Mil FDV, sold out in 4 days IDO Round 2: $150K at $3 Mil FDV, sold out in 7 days IDO Round 3 to be announced, probably late Oct Company 12% of tokens for company -> various uses but not limited to development and growth of platform Foundation Unlocking schedule same as above -> support of adoption -> marketing efforts and onboarding of new areas for tokenization -> funding of full-time team to support community Will be established 6 months after end date of crowd based funding ------------------------------------------------------- Token Utility Use of platform requires PROPS tokens -> only method of payment settlement -> reward token for user acquisition and growth (New users who get an airdrop will undoubtedly sell -> Will demand outpace sell pressure ?) Rewards Protocol: Reward mechanism for early adopters 5% of all fees -> reward pool Learning protocol -> encouragement for participation, incentive mechanism ------------------------------------------------------- Business Model/Revenue Model: -> Marketplace, registry & transaction platform revenue -> percentage of transaction fee for update of records on Propbase registry + transaction platform No buyers fee +1% selling fee -> way smaller than traditional 6-10% fee Property transfer fee -> percentage of property value paid by seller in PROP tokens Fees to be reinvested into following areas: 5% Rewards Protocol -> user growth acquisition 5% Foundation -> Research & Development + regulatory framework 90% Company -> administrative + developmental costs Business Strategy: List high quality properties + consideration of regulatory and legal framework -> no specific information on how this is supposed to be achieved income generating properties backed by guaranteed leasing returns Marketing advantage: monthly rental cash flow + long term asset appreciation Specific Focus on: Residential Real Estate: offers return even in economic downturn Condo Launches Commercial Real Estate Target Group: Individual Retail Investors Enterprise/Corporation Funds ------------------------------------------------------- Utility Mechanism/Process: 1. Offer Confirmation 2. Property Inspection (Who will be responsible?) 3. Buy Process 4. Ownership/Title Transfer Process ------------------------------------------------------- Architecture/Design: Built on Aptos blockchain -> inherits properties of Aptos blockchain UI focused, high TPS, secure and scalable Planning an iOS and Android App Progress so far: Prototype consisting of Marketplace and Transaction Module Marketplace -> Full UI/UX front end and back end marketplace -> live listing features Transaction Module -> Transaction of tokenized property via P2P module ------------------------------------------------------- Roadmap To be coming soon: Full custody wallet -> military-grade encryption + elliptical signature technology (first of its kind) -> custody infrastructure by Fireblocks Important Side Note: Users have full control of Propbase Wallet Claim that there is no possibility or circumstance for Users to be locked out of wallets Users possess keys and keys are immutable ie. cannot change Still one user key, one key held by Propbase Automated Orderbook -> fully-integrated P2P exchange Global Registry -> Public open source registry + verification of history on blockchain Fiat On/Off Ramp -> full banking infrastructure by Circle Blockchain Scan Explorer -> similar to etherscan, adjusted for tokenized property Propbase plans on issuing 3rd party APIs for enhanced utility and interoperability amongst the Propbase Registry ------------------------------------------------------- Team Technical Team: 4 full-time developers, 3 supporting members with expertise in UI/UX + QA Product Management overseen by CEO himself Leadership Team -> 3 people CEO Kevin Goos @PropbaseApp 🔷B.Sc. in Business Administration and Management (University of Montana) 🔷M.Sc. Management (Bangkok University) Former Experience: Director at Kaidee for 2 years in Thailand - Worked for the largest online marketplace in Thailand with 100 million monthly page views and 8 million monthly visitors. Contributed to establishing a online property transactions model claims of creating a multi-million dollar business unit in just two years Acquired by EMPG Managing Director at ShweProperty.com in Myanmar - involved in scaling company from a small team of 15 to an organization with over 200 full-time employees. - Achieved recognition as the leading online property marketplace in Myanmar, serving over 55 million people. - Successfully raised 4.5 million+ USD. - online portal facilitated the sale of over 4,000 properties worth 200 million USD in three years. - The platform had 2.2 million monthly page views, attracted 700,000+ monthly visitors, and featured 200,000+ active property listings. CEO & Co-Founder at CENTURY 21 Cambodia - responsible for sales, operations, development, PR, marketing, tech, CRM, lead management, and property transfer processes - Led full-time team 250+ professionals who closed over 1 billion USD in property sales - Established Century 21 Cambodia as the largest real estate brand in Cambodia and part of the largest real estate network worldwide. Husdon Leung Executive Director Education: 🔷BA in International Relations, Economics (Brown University) 🔷MPA (Master of Public Administration) from Harvard Kennedy School with Focus on Economic Development, Urban Innovation 🔷MBA from The Tuck School of Business at Dartmouth Experience: 🔷Principal, Venture Strategy at Mach49 in San Francisco Bay Area Providing strategy and implementation advisory for companies exploring venture building, incubation, or investing in their long-term growth and corporate development plans. 🔷Director, Strategy and Corporate Development at Kaidee Focus on strategy, business operations, and fundraising for Thailand's largest secondhand marketplace, acquired by Dubai-based Emerging Markets Property Group. Led business modeling, pitchdeck development for Series B fundraising, and introduced a 5-year business plan for expansion. 🔷Finance and Real Estate Initiatives & Cyber NYC at New York City Economic Development Corporation Focus on Business Development in cybersecurity + fintech 🔷Harvard Kennedy School Urban Innovation/Revitalization Project Worked on projects in the field of urban innovation and revitalization + conversion of unused space + developing best practices for town management 🔷Chief Strategy Officer at Transformational in Bangkok Had a digital transformation advisory role and Focus on end-to-end venture building -> involved in launch of Mercado Thailand, an e-grocery platform, also investor in Mercado Jesse Gage Education: B.A. in Psychology from Earlham College 🔷Director of Business Development at Type Network Advisor to Propbase according to LinkedIN, according to website Executive Director for Community + Marketing Worked as a Global Project Manager at Ringier AG, media production house based in Switzerland 🔷Head of Sales and Marketing at SEANET Myanmar, largest connectivity provider in Myanmar -> Team with solid background, good 👍 ------------------------------------------------------- Risks: 1) Regulatory Landscape Tokenized properties of Propbase are listed on a LLC. -multiple regulated and operating organizations in Thailand (Which ones?) -in collaboration with an external auditing firm (Which ones ?) -Focus on South East Asian Market specifically Thailand My take on the geographical focus: Asia accounts for almost half of global crypto trading according to Messari. Regulation in Asia is different from each country to each country. Regulations concerning cryptocurrencies in Thailand seem to be less harsh compared to some other nations.(That’s good) However, there has been an increased focus on enforcing measures related to Anti-Money Laundering, Terrorism, and licensing, These resulted in more rigorous requirements in these areas in recent months. For me up till now there has been too little information on how Propbase will tackle legal and regulation related challenges. I also noticed that they do not really have a legal team especially compared to $RIO. Additionally Switzerland, Dubai and Hong Kong seem to have the most regulatory clarity on crypto AND tokenized real world assets. As an example: In Switzerland, recent legal developments acknowledge tokenized securities as a novel asset class, granting them the same legal status as conventional assets. I expect these progressive measures to strengthen greater acceptance of tokenized assets within the global financial system. These reasons make me feel like Thailand is not necessarily the best area to focus on. But its not super bad for that either. Sure the King of Thailand is crypto friendly but still there are challenges. UAE, Switzerland and Singapore would be the best market imo- of course that is debatable. Also they claim that labor-intensive paperwork and government registry updates will become minimal but I am still a little skeptical about how this will actually pan out. Also I have seen claims of EU/SEA compliance but have not been able to verify that. 2) No product/adoption (yet) I have to admit tho that this are the risks/perks that come with being early. So that’s debatable imo. -> bold claim: properties will be in high demand, properties listed on platform to be sold out in a few minutes -> needs to be monitored But… I tested Demo Product "Marketplace" -> UI/UX is good 👍 different KYC levels needed for usage ------------------------------------------------------- Market Position/Competition: Competition though with… $RIO -> very strong community, but some red flags like bad communication $PROPC -> well funded and apparently good cooperation with regulation, good market setting/geographical focus, but has some red flags Propbase is still early. The more time passes, the tougher competition will become. Early launch currently could give $PROPS an advantage, even though it’s not the first mover. If it had launched after half a year, Propbase would not have that advantage, imo. ------------------------------------------------------- Partnerships: Real Estate Luxury Resort Partnership -> Wyndham Hotel & Resorts/ARG/Nebu -> $140 Mil Deal -> very good, with interesting timing of announcement, cheeky 😃 ------------------------------------------------------- Communication: humble team members and good communication channels CEO and others responsive, sometimes a little unorganized imo Embrace competition, recognize other players -> Overall: I like that a lot !!! ------------------------------------------------------- Community: (I did the math a lot of days ago. So the follower count might not be super up to date. Still good estimate.) Twitter @PropbaseApp 663 posts 12.4K Followers Average Views on 11 Random Tweets -> approx. 2078 views per tweet -> around 16.75% of total follower count -> not very impressive, but look at the end, it changes Rough estimate of average likes on posts (11 random posts) : 46 likes -> ok —> but again early projects will usually not boast impressive follower stats, it would be unfair to neglect that fact here Comparison with $LEOX / GalileoProtocol 2701 posts 12.2 K Followers (slightly less Followers, but almost same, good for comparison) Average Views on 11 Random Tweets -> approx. 2833 views per tweet Rough estimate of average likes on posts (11 random posts) : 45 likes -> ok Comparison Results: $LEOX has been longer in the market. Propbase has reached similar follower stats like that of $LEOX in a shorter time in the market. That again makes Propbase’s numbers look better. Important: This is NOT a scientific method 😅. So do with that what you want. TG 6171 members, with bot recognition software as barrier to entry (last time I checked) A liiiittle bit of moonboiiiiii vibes, but not extremely crazy like memecoin TGs in bull peak 😅-> ok ------------------------------------------------------- Catalysts: Launch of Marketing Campaign ‘Propbase Spark’ First asset offering planned for Q1 2024 AMAs planned + they claim more partnerships to be announced -> needs to be monitored Roadmap released on Website -> Dex Listing + Launch next steps Roadmap for 2024 still in development ------------------------------------------------------- Conclusion: This is a risky investment. It's not sth like $LINK. Its a micro cap after all. Most of the above is still theory so we need to see how everything of this plays out. I like most of what I have seen. I have yet to develop an opinion about the value accrual mechanism and the emission schedule. Someone I talked to said he is concerned about the lack of value accrual (debatable for sure). I really like how there is also a big allocation towards rewards which is necessary for drawing participants. But inevitably this will cause sell pressure in the future. I would like to hear how this will be mitigated. I dont like that they dont seem to have a legal team like $RIO. Regarding my risk tolerance I think I will be investing BUT I am also a little on the fence about it. So my decision could change. END. ------------------------------------------------------- I hope you enjoyed this honest and transparent review. Bookmark this tweet for future reference. It took a lot of time and hard work !!! If I have eased your work load in any way, I would appreciate Likes, Retweets and your Thoughts on this piece. Also in the end pls note: I am susceptible to mistakes so be sure to DYOR- this is def not all about the project but a lot of it already. 😃 ------------------------------------------------------- Tagging some people that might be interested: @CryptoShiro_ @cryptocevo @CryptoGirlNova @BrianneFrey @CryptoMocro_ @AltcoinMiyagi @ChillTRD @LadyofCrypto1 @LoC_Lou @iWantCoinNews @BenjiGanar @1_Point_618 @CryptoWizardd @Sykodelic_ @LoC_Liz @altcoinist @DistilledCrypto @Oculus_Crypto @obscurainvera @dubzyxbt @XMaximist @coinesper @lets_DYOR @corgil @hmalviya9 @fitforcrypto_ @RvCrypto @ChadCaff @CryptoKaduna @Louround_ @matty_ $KAS $ATOR $CHNG $TAO $TRIAS $KOIN $AZERO $RNDR $INJ $MNW $OCTA $SRM $DIONE $RVF