Ecosystem V1
Current State Overview
Propchain launched with a fixed supply of 100 million PROPC tokens, with no minting mechanism to create new tokens. Between July and December 2023, Propchain burned a total of 15,082,223 tokens from Operations, Private, Seed, and KOL allocations. The largest token burn occurred in September 2024, following DAO Proposal 3's approval, where an additional 21,154,444 tokens were removed from circulation. As of the time of writing, a total of 36,236,667 tokens has been permanently burned, leaving 63,763,333 tokens in circulation.
July - December 2023
15,082,223 PROPC
September 2024
21,154,444 PROPC
Total Burned
36,236,667 PROPC
Circulating Supply
63,763,333 PROPC
V0 Tokenomics Overview
Before the launch of Ecosystem V1, the $PROPC token operated independently from Propchain’s real economic activity. The circulating supply distributed across three main behaviors:
Dormant holders: A substantial portion of tokens remained idle in hold wallets with no active on-chain participation. These holders neither staked nor contributed to network utility and simply accumulated tokens passively.
Governance stakers: A smaller share participated in the Foundation’s governance staking program, which distributed 300,000 $PROPC annually from the Foundation Treasury. This represented the only consistent reward stream available under the previous tokenomics model.
Secondary-market participants: The remainder of the supply circulated on exchanges, with trading activity largely influenced by market sentiment and narrative momentum rather than functional token demand.
The V0 Limitation
Although the Propchain technology infrastructure and its enterprise client integrations generated verifiable revenue, none of this activity was reflected on-chain. All operational income remained denominated in fiat or stablecoins, while $PROPC continued to circulate in isolation from the protocol’s underlying performance.
This created a structural gap between value creation and token representation:
Economic output and token demand operated in separate systems.
Market sentiment became the only driver of buying activity.
When sentiment weakened, demand declined, as no intrinsic mechanism linked token utility to real-world network growth.
In summary, the V0 economy lacked a direct feedback loop between Propchain’s operational success and the token itself. Ecosystem V1 was developed to resolve this disconnect by introducing a verifiable, on-chain conversion framework that aligns token dynamics with actual protocol revenue.
In other words, PROPC is missing a strong revenue and token connection.
The V1 Mechanism
Ecosystem V1 establishes a direct and verifiable connection between Propchain’s real economic performance and the $PROPC token through the introduction of the Revenue Conversion Layer (RCL), a standardized on-chain system that converts 100% of recognized technology and protocol revenues into $PROPC.
This conversion process occurs transparently on public decentralized markets, ensuring that every recognized revenue inflow becomes traceable on-chain and directly linked to token liquidity.
The RCL effectively replaces discretionary treasury-funded programs with a fully revenue-backed, non inflationary mechanism, aligning the token economy with operational output.
How the RCL Works
Revenue Generation: Propchain’s technology infrastructure, including the Prop.com vertical and its integrated client network, generates operational revenue from platform fees, licensing, and data services.
Revenue Conversion: Recognized revenues are routed through the Revenue Conversion Layer, where they are converted into $PROPC using existing market liquidity. Each conversion represents a verifiable on-chain transaction tied to real business performance.
On-Chain Recording: Converted $PROPC is registered within the Propchain Revenue Reserve, establishing a transparent accounting record that mirrors real world activity on-chain. All conversions are visualized publicly through Dune Analytics, displaying aggregate USD values, $PROPC acquired, and batch transaction references.
Why V1 Represents a Structural Shift
Transparency: Every conversion event is recorded on-chain and aggregated publicly. Observers can verify how much revenue was converted, when it occurred, and how it affects total token circulation, without revealing confidential enterprise data.
Automation through Standardization: Conversion processes follow a governed framework under the Foundation’s operational oversight. Although executions are currently discretionary, the system is structured for future automation through smart contracts or governance-managed parameters.
Revenue Driven Tokenomics: As Propchain expands its infrastructure client base and protocol usage, more revenue flows through the RCL. Each conversion generates verifiable on-chain demand for $PROPC, establishing a clear, measurable correlation between network adoption and token activity.
From Discretionary to Structural Value Creation
Ecosystem V1 replaces subjective treasury decisions with structured, rule-based conversion logic, ensuring that real-world performance translates into tangible token demand.
Every dollar of verified protocol revenue now creates measurable economic throughput in $PROPC, anchoring the token’s value in the protocol’s actual utilization.
The result is a closed-loop economy where growth in technology adoption, infrastructure integrations, and enterprise participation directly strengthens on-chain liquidity, a foundation for all future versions of the Propchain ecosystem.
Revenue Conversion Layer (RCL)
The Revenue Conversion Layer (RCL) forms Propchain’s economic and accounting layer. It governs how operational revenues from the Propchain technology layer are converted into $PROPC, ensuring that every inflow is recorded, tokenized, and represented on-chain through immutable transaction data. This mechanism establishes the foundation of a verifiable, transparent, and revenue-driven economy.
Governance and Parameter Control
RCL configuration and execution parameters are governed by Propchain under the operational oversight of the Foundation.
This governance structure currently defines:
Conversion frequency (when and how often conversions occur).
Liquidity routing (how revenues are allocated across DEXes to ensure efficient conversion).
Price calibration (the reference logic determining fair-market execution conditions).
This centralized framework allows flexibility during the calibration phase, ensuring consistent operation across varying market conditions.
As the system matures, governance is designed to evolve toward DAO oversight or validator of network participation, enabling progressive decentralization of operational control.
Transparency
All conversions are executed on public decentralized exchanges and visualized through the Dune Analytics dashboard, providing transparency at a system level while preserving enterprise confidentiality.
Publicly visible data includes:
Total USDT value converted per batch
Total $PROPC acquired
Transaction batch reference
Confidential information remains private, such as:
Individual client or enterprise contributions
Specific contract amounts or utilization details
This design enables public verification of Propchain’s economic performance and tokenized activity, ensuring transparency without compromising business relationships.
An observer can confirm, for example, that $500,000 of protocol revenue was converted into $PROPC, validating that real economic output generated corresponding on-chain demand, without revealing which specific client produced the underlying revenue.
Purpose
The purpose of V1 is to realign the token economy with the underlying business reality. By channeling units of real-world revenue back into on-chain conversion, Propchain ensures that $PROPC evolves into a token defined by measurable value, not speculation.
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