CPROP
CPROP
Token: CPROP


Transactional real estate the blockchain way

ICO dates
Start date:
End date:

Registrated in: USA

Platform: Ethereum

PREMIUM ICO

http://cprop.io/ Screenshot
CPROP categories
Real estate Platform Internet Cryptocurrency Business services
CPROP token sale
KYC passing required No | Whitelist No | Restriction for countries No
Soft cap 2,000,000 USD
Hard cap 15,000,000 USD
Tokens for sale 46,000,000
Token distribution in ICO
80%
80%
Price 1 CPROP = 1.00 USD
Price in PreICO 1 CPROP = 0.50 USD
Acceppting ETH
Bonus in ICO
PreICO 50%
CPROP news, social
CPROP search trends in Google
Random whitepaper excerpts

CONFIDENTIAL AND
PROPRIETARY
Version 3.2
Table of Contents
1. Overview ............................................................................................................................................... 1
2. Industry Pain Points .............................................................................................................................. 5
2.1 End-to-End Transactional Inefficiencies and Limitations.............................................................. 5
2.2 Imperfect Title Documentation and the High Cost of Ensuring Property Rights.......................... 6
2.3 Imperfect Mortgage-Related Documentation .............................................................................. 7
3. Business Model ..................................................................................................................................... 9
3.1 Residential Product ....................................................................................................................... 9...

CONFIDENTIAL AND
PROPRIETARY
Version 3.2
1. Overview
Anyone who has ever purchased property remembers their closing process as cumbersome, time
consuming and filled with a multitude of service providers and documents, reports, disclosures and the
like that needed to be drafted, read, executed and, in some cases, negotiated. This process becomes
ever more painful when buyers and sellers are located at a distance from one another, let alone in
different countries. Due to the large sums of money involved, the potential financial downside
associated with a prolonged or flawed process and/or documentation can be huge. As industry
professionals know, as the closing process drags out, the probability of achieving the closing diminishes.
Time kills deals.
Figure 1.
Manual Workflows in Residential Real Estate Are Still the Norm
Typical Residential Agent Checklist
Highly Manual Closing Process
Many parties and documents are part of
every transaction, often with no clear lin...

CONFIDENTIAL AND
PROPRIETARY
Version 3.2
Figure 2.
Lack of Transparency in Commercial Real Estate Adds Unnecessary Risk
Typical Commercial Due Diligence Checklist
Strenuous Due Diligence Process
Commercial transactions typically afford
limited time for due diligence with
limited documentation. Due diligence
stress is exacerbated by the competitive
nature of most procurements.
Post-Closing Surprises
Purchase documents can only escrow for
so many unknowns, particularly in a
competitive environment. These
contingent liabilities can cause ROI
projections to go out the window.
A highly compelling and immediate use
case for blockchain to reduce risk and
accelerate closings.
CryptoProperties LLC (“CPROP”) is launching a comprehensive workflow management platform for
residential real estate and a blockchain data repository for commercial real estate. CPROP was
conceived to address the most common and major challenges intrinsic...

CONFIDENTIAL AND
PROPRIETARY
Figure 3.
CPROP Residential Solution
Version 3.2
But no matter how well a product is designed, market adoption can still present a significant business
risk. In this regard, CPROP is designing its residential platform to integrate with property portals around
the world (e.g. Zillow) to make the portals’ websites more “sticky” and improve the entire experience
for both buyers and sellers and thus drive demand for CPROP integration. The web traffic and rich
databases owned by the property portals make them valuable integration targets for CPROP.
Because property portals are not presently designed to communicate with one another, which can
impede market transparency for international buyers and limit market visibility for sellers, a longer-term
objective of CPROP is to connect portals so as to allow international buyers visiting the property portal
in their home country and in their own language to access listing databases housed in property portals
loc...

CONFIDENTIAL AND
PROPRIETARY
Figure 4.
CPROP Commercial Solution
Version 3.2
Further detail on CPROP’s planned pilot is provided in
Section 5.
As shown in Table 1, global real estate capital flows and, hence, the addressable market for CPROP are
enormous.
Table 1.
Global Real Estate Capital Flows, 2015
(all figures in US$ billions)
N. America
Europe
APAC
N. America
32
75
12
Outbound Flows
Europe
APAC
22
35
68
24
3
53
Mid East
12
16
3
Total
intra
-regional capital flows = $153 billion
Total
inter
-regional capital flows = $202 billion
Source: “Around
the World in Dollars and Cents”,
Savills World Research, 2016
It is widely acknowledge that, over time, tokenization of mortgages and deeds is inevitable. The
blockchain use case benefits to governments, banks and property owners are s...

CONFIDENTIAL AND
PROPRIETARY
Version 3.2
rights. Technical details on CPROP’s plans for mortgage and deed tokenization can be found in
Section
4.
CPROP’s token structure is designed along a membership model. Real estate agents and other service
providers will purchase CPROP tokens each year for a membership which gives them access to the
CPROP residential and commercial platforms and a listing in CPROP’s service provider directory. All
tokens received by CPROP in payment of memberships will be placed in a locked wallet thus removing
them from circulation
1
, until the total number of tokens remaining in circulation is reduced to
approximately 30 million (from a maximum total of 95 million minted).
Buyers completing transactions on CPROP’s platform will be eligible to receive incentive tokens both for
providing ratings of their service providers, thus allowing our directory to be self-curating, and for
engaging CPROP to manage the properties they just acquired. B...

CONFIDENTIAL AND
PROPRIETARY
Version 3.2
Prolonged Time to
When all parties are unable to see where the various bits and pieces of a
Close
transaction stand at any point in time, communications are inefficient and
critical path items can go unnoticed resulting in unnecessary delays.
Untrusted Service
Buyers acquiring property long-distance need to find local service providers in
Providers
whom they can trust to competently represent their interests.
Limited Property
Portal Reach
The services provided by existing property portals are generally confined to
providing listings and their market reach is limited to the extent they are not
integrated with property portals in other geographies.
Risk of Defects
A variety of documentation-related defects can invade a real estate transaction,
whether introduced through malfeasance (i.e., fraud, tampering and
corruption) or human error.
Proximity
Challenges
The buyer and seller may ...

CONFIDENTIAL AND
PROPRIETARY
Version 3.2
As stated in their analysis “Blockchain
Technology: Opportunities and Risks”
published on January 15,
2016: “… a transaction that has been verified and added to a valid blockchain is mathematically secure.
The hash of a document existing outside the blockchain and the hash registered within the blockchain
will be identical if the documents are identical. If the documents are different (due to forgery,
corruption, error, or other problems) the hashes will not match. Thus, the blockchain can potentially
provide an immutable registration of a record, to which future records can be compared for
authenticity.”
Financial losses resulting from errors, fraud and tampering are pervasive and significant. For example,
the UK’s Land Registry paid out £26 million in compensation to victims of property title fraud in a
scheme where thieves took out mortgages on properties they did not own, pocketing the money and
leaving the real owners...

CPROP Roadmap

1
Pre-ICO and ICO (through Mar 2018)
- Legal (e.g. SAFT, Singapore incorporation, etc.)
- Initial alliances identified
- Launch MVP
- Deepen advisory team
2
Detailed design (9 months)
- Requirements document for REP integrations
- Requirements document for MVP enhancements
- Coding
- Beta testing
3
“Soft opening” (3 months)
- Launch web app
- Debugging and platform refinement
- Expansion of operational and in-country sales channel partnerships
- Refinement of post-Phase 3 roadmap and target market
4
Commercial launch (12 months post-ICO)
- Intensified marketing
- Continued expansion partnerships and staff
- Build operational capabilities
5
Conversion of legacy records systems (post-ICO; opportunistic)
- Work with local government to convert property records to blockchain in selected markets
- Work with selected lenders to convert mortgage documentation to blockchain
Ofir Avigad
Ofir Avigad
Marketing Advisor
Eric Wang
Eric Wang
Fund Management Expert Advisor in Cryptocurrency
General-secretary of Foundation
DIP FOUNDER