Question 1

What is PROPS?

Accepted Answer

PROPS is the utility token of the Propbase platform, used for settlement and smart-contract interactions in the platform's marketplace, registration, and trading processes. It is not a tokenized share of a particular real estate property, so holding PROPS alone does not grant ownership, income rights, or redemption rights in any specific property.

Question 2

Is PROPS equivalent to holding a share of real estate?

Accepted Answer

Propbase property tokens are used to represent fractional interests in specific real estate properties, whereas PROPS is a platform-level utility token. This distinction is important: the economic rights, legal structure, applicable property, and income arrangements of property tokens must be determined by the issuance and product documents for that property and cannot be inferred from the uses of PROPS. Accordingly, when determining which asset one holds, first confirm the token name and the corresponding product documents: buying or holding PROPS means participating in the platform token mechanism; holding property tokens may involve tokenized interests in a specific property, and the scope of those interests remains subject to the asset documents.

Question 3

How is PROPS used in the platform trading process?

Accepted Answer

According to Propbase's tokenomics documentation, users must interact with smart contracts on Aptos when participating in the platform marketplace, registration, and trading platform, and related fees are paid in PROPS. This design allows the platform to use one token for settlement and onchain-verifiable records. Fees are not set solely for payment: the documentation also describes them as an entry barrier for initiating transactions, reducing the risk that spam requests or denial-of-service attacks crowd out valid requests. The actual fees payable, whether they apply to a particular operation, and what network fees the wallet must also prepare should be determined by the current product interface and contract flow.

Question 4

Which blockchain does PROPS use, and how are onchain records created?

Accepted Answer

PROPS is built on the Aptos blockchain. Aptos serves as the underlying network for smart-contract execution and onchain records here: when users perform operations that require processing by platform contracts, the contracts record specific data points, which relevant parties can verify on the blockchain. “The token is on Aptos” does not automatically mean that PROPS can replace every Aptos asset or pay all onchain costs; it means that the token and platform contracts use this network. Before performing a specific operation, users should also confirm the wallet, network assets, and the platform's current process.

Question 5

What are the characteristics of PROPS's supply mechanism?

Accepted Answer

Public tokenomics documentation describes PROPS as a fixed-supply model: the entire supply is issued when the sale process begins, and no additional tokens can be minted afterward, nor can existing tokens be burned. This means supply changes are not implemented through subsequent issuance or burning, while the circulating amount may still be affected by lockup arrangements. Different public materials provide inconsistent figures for the maximum supply, so an exact total cannot be determined from only one of them. A more prudent conclusion for users is to verify the current contract, the platform's latest announcements, and the actual unlock status of each allocation, rather than treating a single total-supply figure in an older document as uniformly confirmed current data.

Question 6

Why are PROPS lockup and vesting arrangements important?

Accepted Answer

The tokenomics documentation lists allocation categories including crowdfunding, reward protocol, company, foundation, seed funding, advisors, marketing, and liquidity pools, and states that the categories use tiered unlocks for up to 60 months after the end of crowdfunding. Allocation percentages indicate reserved purposes, while tiered unlocks determine when restrictions on those categories are gradually lifted. Therefore, fixed supply does not mean all tokens are circulating from the outset. To analyze potential circulating-supply changes at a given time, review the lockup start date, tiered arrangement, and actual implementation for the specific category; unlocks themselves also cannot prove that holders will necessarily sell or that prices will necessarily change.

Question 7

How do public documents describe the PROPS reward mechanism?

Accepted Answer

Public documentation describes the reward protocol as an incentive design for new users and platform participation: an initial portion of tokens is allocated to the protocol, and 5% of PROPS fees generated by platform transactions is allocated to it. The documentation gives examples indicating that users completing investments and early marketplace users may receive rewards. This describes the tokenomics arrangement in the documentation; it does not mean that every user automatically receives rewards at any time. Eligibility, the scope of activities, reward amounts, claim methods, and whether the arrangement is still operating as originally described must all be confirmed by the current platform rules and cannot be inferred directly from an older whitepaper.

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