Coin Vs. Coin: PRO/LA
This coin vs. coin comparison article will look into Propy (PRO) and LAToken (LA), the top two cryptocurrencies by market cap in the real estate sector of the crypto market. Propy and LAToken provide efficiency for complex property transactions as well as high-value products never before feasible until the advent of the blockchain, like fractional ownership of real estate.
What is Propy?
Blockchain technology is ready-made for industries that have a lot of middlemen in their operations, and real estate is one such industry. Propy is a decentralized platform that automates real estate transactions, streamlining the purchase process for home buyers.
The platform provides users with a secure portal through which property can be purchased, using smart contracts to drive each succeeding step of the buying process as certain parameters are met. Without middlemen in the buying process, transactions are much quicker and more secure. As a global property registry, Propy provides secure, tamper-proof transaction services on its distributed ledger while providing full transparency and accessibility to its worldwide market.
Propy’s $PRO token is used to buy real estate on the platform. Buyers can purchase properties either as real assets outright or as NFTs, able to hold fractional ownership of a property with a group of other buyers. $PRO has a market cap of almost $40 million and is ranked #1 in the crypto real estate sector.
What is LAToken?
LA is a utility token and the native asset of the LATOKEN exchange, the world’s largest IEO (Initial Exchange Offering). LA provides streamlined transaction services for a variety of industries, including real estate. It allows real estate investment companies and individuals to tokenize real estate properties which can then be sold or traded on the LATOKEN blockchain.
The LATOKEN blockchain is interwoven with Layer 0 and Layer 1 protocols with bridges to provide better security and efficiency for users. Its intricate design provides the interoperability needed to process decentralized real estate transactions.
With a market cap of just over $16.8 million, LA is ranked #2 by market cap in crypto’s real estate sector. The token can be staked on the platform or used for participating in ICOs and community voting. LAToken holders can view property listings, and real estate market analysis, and participate in REITs (real estate investment trusts.
Coin Vs. Coin
Similarities
Service complex transactions that traditionally require several third parties to service a property purchase.
Remove the numerous middlemen that are present in traditional real estate transactions such as title companies and bankers, through automation.
Provide global access to real estate markets so that investors anywhere in the world can purchase a property, or a fraction of a property, without having to live in the country the property is located in.
Use their own native tokens to access markets, buy, sell, trade, participate in governance, and more.
Traditional real estate transactions can often have rampant fraud, most notably title theft. Propy and LAToken have shed light on criminal activity by displaying the details of all contracts on their respective distributed ledgers.
Differences
Target market: Propy targets real estate investors, agents, and brokers while LAToken targets digital asset investors and traders with diverse portfolios.
Objectives: LAToken is a full-scale exchange servicing $300 million in daily trades for a variety of different digital assets, including real estate; Propy focuses on the real estate market exclusively.
Features: LAToken provides a multitude of cryptocurrencies, tokens, and digital real estate assets on its blockchain; Propy is a one-stop shop for executing real estate transactions through smart contracts.
Conclusion
In comparing Propy and LAToken, investors can see two professional platforms that are providing the same type of services albeit with different options to different investors.
Moreover, they have made real estate transactions efficient through decentralization, secure through transparency, and accessible to millions through fractional ownership. A monumental industry like real estate is perhaps the greatest testament to blockchain’s value.
