The Ukrainian-American blockcgain platform Propy already collected $13.6 million through ICO
The Propy blockchain platform, that will be the basis for real estate sales in Ukraine, conducted an ICO and attracted $13.6 million — information published on the Propy website.
ICO started on August 15 and will end on September 15. This means that, even before reaching half the time, this project attracted attention of the crypto community. The raised funds will be used to develop Propy and create a fully decentralized P2P property market. The platform’s specialty is the fact that all transactions can be adjusted to the rules and laws of the given jurisdiction.
Earlier, Propy signed a cooperation agreement with the Ukrainian government. The plan is to use this blockchain platform as a basis for selling real estate in Ukraine online, starting in 2018. In addition, a law, allowing foreign residents to buy and sell real estate on the same rights as Ukrainian citizens will be enforced at the same time.