PROP Token By BlockPark
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Introduction
BlockPark
The $PROP Token
Property Management / DAO Governance
Property Management
The best performing real estate assets stem from top quality management. BlockPark therefore built a comprehensive property management software designed as a utility rewards platform to give investors full transparency into their portfolio. All transactions, property, and tenant records will be permanently stored on Hyperledger (a permission based blockchain) to maintain a verified record of accounts. Property management will be handled by experienced third parties who will use the BlockPark platform to track income and expenses.
On buying an NFT, the owner will automatically become part of a DAO and will ultimately vote on decisions on the property. NFT owners will be given full access and transparency into each asset their NFT represents on their user dashboard to track performance and ensure management is performing well.
DAO Governance
Each property will be governed by its own decentralized autonomous organization (DAO). Compared to previous investment vehicles, the DAO offers a much better opportunity to ensure each property is adequately managed and that the interests of all participants are aligned and common.
*One owner one vote regardless of how many NFTs an owner holds.
- 1.Voting rights: The community message board can be used by owners for decision making purposes, such as what to do with a property's additional yield in $PROP tokens at the end of the year.
- 2.Investor community: The community message boards can be used by investors to have open discussions within the ownership group and make suggestions to BlockPark management for different use-cases for $PROP token. The aim is to have the DAO governance becoming fully operational with the sale of the first property on the platform.
Property Reports
Aiming to be more transparent than most real estate investment companies, BlockPark will provide all its users with access to a full range of property reports and analytics.
- 1.Profit and Loss Statements.
- 2.Rent Rolls.
- 3.Occupancy Reports.
- 4.Expense Report.
- 5.Performance Indicators.
- 6.Property Portfolio Graphs.
- 7.Portfolio Ledger.
- 8.Investor Performance & Allocation.
Last modified 1mo ago
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