client logos

About PropCoin

about image
Why have we created PropCoin?
PropCoin provides investors with the opportunity to obtain passive exposure to cryptocurrencies, whilst benefiting from the stability of an asset-backed security.

PropCoin also allows investors the opportunity to hedge against volatility in the cryptocurrency markets, without incurring the frictional costs of converting their holdings into fiat.
Technical Specification
PropCoin is built upon the Ethereum network and aims to create the first AML and KYC compliant cryptocurrency which is asset-backed through real estate. In return, coin holders will benefit from both capital growth and rental income in a similar fashion to a traditional REIT, but with the added benefit of increased liquidity, no minimum investment threshold and lower overall fees. The coin enables participants to purchase a share of a property fund which will focus on income generating assets across a range of property sectors and geographies. The fund will be professionally managed and advised by a property consultant.
How is it going to work?
In order to raise funds an Initial Coin Offering (ICO) will be undertaken. Upon token issuance, coin holders will receive PropCoins based on the trading price of their cryptocurrency contribution at the time of purchase. Unlike many other ICOs, PropCoin will not dilute the NAV through the distribution of tokens to the development team. PropCoins will be worth $1 a coin.
A total of 70 million tokens will be created. The 70 million tokens in circulation will remain constant with no further coins being mined, thus preserving the intrinsic value of the token against the value of the underlying real estate. The closed-ended nature of our token issuance is much like the closed-ended funds seen in the public markets today.
How it works

1.) Contribute to the ICO

Send Ethereum, Bitcoin or Fiat currencies and in turn receive PropCoin tokens.

2.) exposure to Real Estate

Working with industry leading advisors, PropCoin will wholly invest in and own property as part of its proprietary fund.

3.) Receive Dividends

Benefit from consistent rental income by receiving regular dividends in the form of ETH airdrops.

Asset-backed

Stability and security through one of the world's first truly asset backed cryptocurrencies.

0% Team Allocation

Unlike other ICOs, 0% of PropCoins will be distributed to the team.

Compliant

PropCoin are working with leading law and tax firms to create a fully regulatory compliant crypto solution.

Roadmap

Picture

Investment from Pi Labs

PropCoin selected to be part of Pi Lab's 'Cohort 6' - a highly selective start-up accelerator run by Europe's first venture capital fund that focuses purely on property tech.

Read more
Picture

Pre-ICO

PropCoin will conduct a limited access pre-ICO to compliant investors. Unlike other ICOs, PropCoin will not provide a discount, but early investors will be rewarded with a superior dividend over the lifetime of their holding.

Picture

Pre-ICO investment

Pre-ICO funds will be used to build and establish the platform for investment"

Picture

Main ICO opens

Following consultations with our legal and tax advisors, PropCoin will launch our full ICO. This will be compliant from a regulatory perspective and all investors will have to complete both KYC and AML checks.

Picture

Funds deployed

The full sum raised during the ICO will be invested into property projects.

Picture

Dividend paid

Returns generated from rental income and property capital growth will be distributed to coin holders in the form of an Ethereum airdrop.

Picture

Fund management

Leveraging our network of property, legal and financial advisors, the fund will be managed according to prevailing financial conditions.

Meet the team

Town Planner with a Masters of Real Estate from University of Manchester. He was formerly at JLL in Manchester working within the Planning and Development team with a primary focus on residential, commercial and retail schemes. Peter has been involved in Bitcoin since 2013.

Peter Bird

Co-Founder & CEO

MRICS accredited Surveyor with over 5 years of experience in the real estate sector. Prior to PropCoin, Tom worked in the JLL National Investment team and was involved in buying and selling; portfolios, development land and single assets. Tom also previously advised from within the JLL Development team in Manchester.

Tom Cartlidge

Co-Founder & COO

Currently part of Barclays UK Ventures investing in FinTech opportunities. Formerly an Investment Banker with four years experience at Gleacher Shacklock and N M Rothschild providing corporate finance and M&A advice across a variety of sectors. Angus holds a Masters of Engineering from the University of Durham.

Angus Abbott

Co-Founder & CFO

John founded JDickinson Consulting in 2008, a specialist advisory business designed to assist start-up businesses source the best talent and businesses at the right time in their development. He’s been instrumental in successful development of a number of businesses. In the last year he has launched Vault Net, a RegTech start-up providing real-time KYC to leading institutions.

John Dickinson

Advisory Board

Sulman Khan is a Corporate Development Director at Close Brothers Group PLC, focusing on principal transactions and strategic projects. Previously Sulman served as a director in the Investment Banking team at Gleacher Shacklock where he focused on UK FI clients. Sulman also spent many years at Barclays PLC where he served in the group M&A team and latterly as CFO of a FinTech initiatives division.

Sulman Khan

Advisory Board

Professional cryptocurrency trader and researcher, Mattia has an MSc in Investment Management and has been an active trader in the space since 2012. Founder of Bitstoxx, the first attempt of a blockchain based stock exchange in 2014, and founder of one of the biggest cryptocurrencies traders communities in London. Previously worked on Blockchain initiatives at Societe Generale.

Mattia Rizzi

Cryptocurrency Advisor