May 11, 2024

$PROPC Updates & More for Early Q2 2024

An extensive update blog on the $PROPC token, as shared in our most recent twitter space.

After a week of efforts of our valued team of core contributors, we are excited to share the first publication in our schedule. Today, we would like to start with an extensive update thread on the $PROPC token, as shared in our most recent twitter space.

🟦 Tokenomics 101 Series Launch

Today marks the commencement of our Tokenomics 101 series!

Our goal is to provide you with a comprehensive understanding of $PROPC's underlying mechanics, revenue model, and long-term strategy. Why is this series essential? Without proper education, it's challenging to grasp the intricacies of $PROPC's utility and our 10-year vision for Propchain. We recognize that the web3 community often focuses on short-term strategies tied to market cycles. However, within the Propchain Foundation, we're in it for the long haul. We're planning for multiple market cycles, both bull and bear, over the next decade. Our foundational understanding of token mechanics will equip holders with the necessary information to remain dedicated to our ecosystem, irrespective of market conditions. This commitment to education and long-term strategy underscores our aim to establish a consistent demand by utility for $PROPC, independent of market fluctuations. Stay tuned as we embark on this educational journey together!

🟦 Team Commitment Extended

Propchain's commitment to sustainable growth is unwavering. We believe in running feasible business models and maintaining a treasury management strategy that fuels our operations and expansion. By extending the team vesting period by another 6-month period, the team of core contributors is reaffirming its dedication towards the vision of the Propchain foundation. This decision not only demonstrates the team's alignment with the long-term strategy but also showcases the willingness to listen to community feedback. As we transition towards integrating the PropchainDAO in full, your input will become paramount in shaping our future decisions. Together, we're building a resilient foundation for the Propchain ecosystem to thrive and scale.

🟦 Revamped Staking Mechanism

Community feedback is at the heart of our development process. Recently, we've implemented changes to our staking mechanism based on your invaluable insights. We've transitioned from a fixed unstaking penalty to a time-weighted linear decreasing penalty. Additionally, staking transactions are now treated individually, each with its own penalty structure. These changes aim to provide a more transparent and flexible staking experience for our community members. As we gear up for our staking campaign, we're excited to further educate you on these adjustments and drive growth in the overall value locked in our staking protocol. Our target? We're aiming for X% of the uncontrolled circulating supply to be staked by year-end. Let's stake together and build a stronger ecosystem!

🟦 Digital Board Member Incentives

Our Digital Board Members play a pivotal role in shaping the direction of the Propchain Foundation. To recognize their commitment and dedication over the past year, we've introduced new incentives aligned with the foundation's vision. These incentives not only reward their contributions but also integrate them more closely into our ecosystem. As we transition towards the PropchainDAO, we believe that digital board members carry significant weight in our decision making processes. By incentivizing their loyalty, we're fostering a stronger sense of community involvement. Our ultimate goal? To empower every member who shares our vision to become an integral part of the team of core contributors driving the Propchain foundation forward.

🟦 Tokenomics Paper: Coming Soon!

The upcoming release of our tokenomics paper is a testament to our commitment to transparency and education. This comprehensive document will shed light on the integration of $PROPC within our ecosystem, governance structures, fee models, analytics, and more. We understand that educating our current and future holders is crucial for fostering long-term commitment and understanding. Many holders invest not only in the token but also in our vision for the future. With this paper, we aim to provide you with the insights needed to make informed decisions and contribute to the growth of the Propchain ecosystem.

🟦 $PROPC Native Integration

Our shift towards a fully token-native business model is driven by our commitment to long-term growth and sustainability. By anchoring our revenue streams to $PROPC, we aim to reduce correlation with market cycles and establish a consistent demand for the token. Unlike traditional strategies that rely on speculative holders or market cycles, our approach focuses on driving demand from web2 (non-crypto native) users. This transition presents challenges, particularly in scaling web2 product adoption and timing within the current market cycle. However, we're confident in our ability to overcome these obstacles and realize our vision for a resilient and sustainable growth of the ecosystem as we are well on-track!

🟦 Token Buybacks Strengthening Ecosystem

Our token buyback strategy serves multiple purposes within the Propchain ecosystem. Not only does it provide liquidity to pre-sale participants, but it also strengthens our treasury for future growth and expansion. By acquiring tokens at discount, we're able to effectively manage our treasury and stimulate further ecosystem growth. This initiative aligns with our long-term vision for Propchain and underscores our commitment to building a strong foundation for the future.

🟦 Surpassing 10K Holders Milestone

We're thrilled to announce once more that we've surpassed the milestone of 10,000 decentralized wallet holders of $PROPC. This remarkable achievement is a testament to the success of our marketing efforts and the strength of our community. Do note that this does not take into account any of the holders who currently hold their $PROPC tokens on centralized exchanges, something we estimate to be at least in similar scale. We believe that our growth trajectory will continue as we integrate utility and onboard more product users. Our goal is to triple the number of decentralized wallet holders by year-end, driven primarily by actual product users rather than speculative participants. We would like to thank you for your trust and support!


🟦 PropchainDAO Announcement

The launch of the PropchainDAO marks a significant milestone in our journey towards decentralized governance. We believe that the collective intelligence of our community and ecosystem partners is invaluable in shaping the future direction of Propchain. The DAO will serve as a platform for transparent decision-making and collaboration, empowering every participant to contribute to the growth and development of our ecosystem. Stay tuned for more details on how you can actively participate in shaping the future of Propchain!

We hope you enjoyed this update, and we look forward to follow-up with the next publications on our schedule shortly.

Stay tuned for more updates and insights on $PROPC and the Propchain ecosystem. We value your feedback and are committed to building a strong and sustainable future together. Feel free to reach out with any questions or comments!