Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Props launches crypto token for consumers.

Document Cited in Related
Vincent

TELECOMWORLDWIRE-July 16, 2019-Props launches crypto token for consumers

(C)1994-2019 M2 COMMUNICATIONS http://www.m2.com

Props, a crypto token that enables apps to reward users and content creators with a financial stake in the network they engage with, is now available to millions of users, as the offering of Props has been qualified under Reg A+ by the US Securities and Exchange Commission, the company said.

Props is the first consumer facing crypto token qualified by the SEC. Live video app YouNow announcing today at VidCon--the world's largest video creator conference--that starting today, its content creators and other users may begin earning Props as a reward for common in-app activities that drive community engagement. In addition, 47 million registered YouNow users are now eligible to receive Props Tokens, in recognition of their lasting contributions to the network.2

The Props team is building open source infrastructure for a network of apps capable of transparently and fairly rewarding those who help network growth.3 The Props platform abstracts the blockchain infrastructure for apps, enabling them to easily plug Props Tokens into any app4 and create their own token-based "loyalty program." As more apps join the network, users will be able to use Props tokens to unlock...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT