In 2017, we embarked on a mission we believed in deeply — to enable users to financially participate in the success of the networks they help grow. We have devoted ourselves to creating Props Tokens and developing the Props Loyalty Program ever since. We touched the lives of 10 million users by introducing them to crypto and giving them, for the first time, a stake in the network in which they participated.

However, given the regulatory constraints under which Props is operating, we no longer believe that the Props Loyalty Program has a viable future. And so, with a heavy heart, we intend to end the Props Loyalty Program before the end of the year and discontinue issuing new Props Tokens under Regulation A+ at that time.

To build great products, startups need flexibility and agility to evolve and enhance their offering in response to user behavior, customer needs, available tech and market trends. This is particularly true in a rapidly growing new category such as crypto. Changes to products in this type of market need to be implemented with speed and dexterity.

Props Tokens’ status as qualified securities significantly limits our ability to respond to changing market conditions in a commercially feasible manner. The Reg A+ continuous offering environment in which we operate requires us to make public filings and often get prior regulatory approval for product changes. As a result, we are unable to follow anything remotely like proper product development of “launch, measure, iterate” and struggle to launch new key functionalities we develop (like staking or per-app tokens). In addition, although we submitted to the regulation of Props Tokens as qualified securities, no U.S. exchange has been able to list crypto assets such as the Props Token, which has hindered holders wishing to trade them.

As a result, following years of work and the devotion of substantial resources, we have not been able to develop Props Tokens in ways that could lead to commercial success, and there is no reasonable prospect of that happening in the future, given the regulatory framework.

Following a difficult decision process, we have announced that we intend to stop the continuous offering of Props Tokens in approximately four months. These months will serve as a transition period during which Props Apps users who have accrued Pending Props will have an opportunity to claim Props Tokens. During this four-month period, we will work diligently with our partner apps to enable users who have accrued Pending Props to claim Props Tokens. We are also exploring strategic alternatives with respect to the Props Token and the Props Loyalty Program.

We are grateful to the community members, investors, developers, users and partners that have supported us on this journey. Our families. Most of all — our team members, who have put in the greatest effort of all. We take pride in the part that Props has played in the evolution of the ownership economy: offering a more equitable and empowering alternative to the current structure of networks. We believe, more than ever before, that the future is user-owned.

Please see the official announcement here and the FAQ here.

A Letter from Our CEO was originally published in Props Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

AMAs are an important part of the Props Project global marketing plan. It allows our team to interact and educate communities around the globe. In this edition, Adi shares a brief history of Props and answers many amazing community questions.

Moderator: Let’s start! Introduce yourself, please. How did you get to be involved in crypto & Props Project?

Adi Sideman (PropsProject): I am the Co-Founder and CEO of Props. Nice to meet everyone. I come from a background of building communities in the media space, at scale. I co-founded the world’s first online Karaoke, K-Solo, which sold to Fox MySpace at the height of Myspace. After that, I founded the first consumer live streaming in the US, called YouNow, which grew to 120M user sessions/ month. It is there that we introduced, in 2013, non-crypto virtual currency — in the context of a two-sided market where users could buy into it, and content creators could earn it.

We sold close to $100M of that currency and became experts at managing a digital economy. Users, however, wanted more than just cash. They would say: Adi, you will become a tech millionaire and we earn like coin operators. We want a stake in the network. We want an upside.

At the time, there was no way to give users stock options or capital or a stake in the network. But when Ethereum was mature enough to build on, we started Props — a community token that both unlocks benefits and provides a stake in the network.

Today we have over 9 Million Users who hold the token for the benefits it unlocks across a half dozen participating apps. You see our metrics here.

We started in 2017 — and have been adding apps and users since. This week we are announcing an NFT community as our next Props partner app.

Moderator: Now everyone loves NFTs 🔥. Hot topic🚀

Adi Sideman (PropsProject): For sure. The nice thing about Props is that it’s a community/ loyalty token that can be used by any community. We have media/creator communities. Seller and buyer communities and in the days ahead we will be announcing an NFT focused community

Telegram Question: The long-term goal is for the Props Protocol to be fully governed by the community of Props Token holders. What is your timeframe on when Props Protocol can be fully governed by the users? How will you slowly transfer the control to token holders?

Adi Sideman (PropsProject): We are getting ready to launch our staking governance portal. The first functions that the community will take over are the protocol rewards, whereby the community will decide the ongoing tokens that each participating app will receive from the Protocol. We expect an incentivized test staking to start this Quarter.

After that, once the test is over, and it goes online, we will slowly over a period of time, pass more and more of the governance to the community.

Telegram Question: In one of your AMAs, you said you were working on launching layer 2 and it would be ready along with the stacking. So I have a two-part question.

Is there an exact release date for layer 2? I understand correctly, if I move to layer 2, I can save on commissions if I trade on DEX?

What is the benefit if I buy coins now? Will I receive a passive income?

Adi Sideman (PropsProject): We are indeed introducing a layer 2 alongside the staking launch. We want to ensure that our token holders who come to govern and stake don’t need to pay high gas fees to contribute their value.

As for the benefits: the governance will provide stakers with an APY for their time and effort of participating. The test staking, which is launching this quarter, will also be incentivized. So users who help test the staking and governance will be rewarded for that as well. (As for Dexes: I believe that over time more and more of them will support layer 2s… so yes — there will likely be an opportunity to save gas fees there as well)

Telegram Question: Is there any other benefit for token holders?

Adi Sideman (PropsProject): Token holders receive discounts, status, unlocked content and features and other utilities in the apps/ communities that are on the network. So that is the main utility.

The Governance/ staking APY is a unique additional benefit for those users who chose to participate in governance/ staking

Telegram Question: What is the amount of tokens needed to participate?

Adi Sideman (PropsProject): Ha! We have not set a minimum, but it would be very low — so everyone can easily participate

Telegram Question: I see that PROPS is an SEC-approved token, this is big! How difficult was the process of getting the SEC approval and was it worth it from experience? If you were to start again would you apply to SEC again or maybe consider skipping the US market as many crypto projects do?

Adi Sideman (PropsProject): We are a US-centric org and the US is our home market and a very big one at that. So we wanted to be able to leverage our intimate knowledge and network here to get adoption. As such, the SEC qualification was important. Mainstream companies with Millions of users are risk-averse. The SEC seal of approval is very important to them and moves the conversation to their product and community people, rather than the lawyers. So it’s been an important blessing. It was a long process (over a year), but well worth it.

The token can be legally bought, sold, transferred, and earned by users in the US and all over the world. That is the benefit of the qualification we received. And we are proud to be, along with Blockstack, the only 2 US companies to get it

To be clear — while users in the US can buy, sell and transfer — we currently list on international exchanges outside the US, as the US exchanges get additional licenses to be compatible with SEC regulations.

Telegram Question: Props is an open-source project so if they wish I assume you will accept outside developers to integrate your token with their app if you are accepting such proposals what are the requirements, that you are looking for the proposer in order for forming a partnership with them and bringing the app to mainstream and finally be used by end users and how many apps are you thinking to bring to the ecosystem is there a limit to number of apps that the project decides to run in the ecosystem

Adi Sideman (PropsProject): Anyone can develop on Props, without permission. However, App developers who wish to participate in Protocol rewards, to help bootstrap their deployment — apply and today, the Props foundation reviews their application (based on community size and proposed use case). There is no limit to the number of apps that can join. And to scale this — in the future, one of the governance functions of the community would be to ver proposals and approve new apps for participation

Moderator: But do you have any other apps in plans? I mean, to add to your ecosystem

Adi Sideman (PropsProject): Yes — 5 have launched, each with Millions of hundreds of thousands of MAU. We announced a few more who are integrating. And we will be announcing another app joining, this week!

This is what is pubic today + another this week

Moderator: Any easter egg about that one?😁

Adi Sideman (PropsProject): I can say that they are an NFT focused business and that we are very excited to see not just mainstream communities choosing to deploy Props as their community token, but also blockchain focused innovators.

Telegram Question: As we know Props Project works as a work/discount token that unlocks benefits in the apps that use it. But what we often see when we talk about Props Project is that it is destined more towards social media apps and streaming apps. So, my question is, to which kind of businesses is Props Project design for? Will only this kind of app be able to use it or could any business model be able to have Props Project by their sides?

Adi Sideman (PropsProject): The vision of Props is to enable value sharing to anyone who contributes value to the network. This value added by users is most pronounced in two sided markets, where the users are both the buyers and sellers, the creators and supporting fans, the teachers and students etc. and the platform simply facilitates the market. In that environment, sharing a token with users who constitute the network and imbue it with value — to garner loyalty and alignment — its proven to be effective

Here are some case studies:

Users receive both benefits and a financial stake in the network for their contributions are more likely to continue to contribute and contribute more and drive more value.

So the communities that participate are using Props to enhance their key traditional KPIs — like revenue and engagement.

So for us — we focus on platforms with a marketplace — as a low hanging fruit.

Moderator: What about the fees? Are they needed to use the apps?

Adi Sideman (PropsProject): The target is mainstream users, who are not Crypto savvy. So the apps handle custody for the users who don’t have to create. wallet or jump into any Blockchain hoops until they wish to claim and take custody. This is one of our philosophies — to make it simple for end users to engage and educate them through the product itself in a gamified fashion.

Here are some of the interfaces (SaaS like, admin and user facing) that are available for apps/ communities off the shelf:

Moderator: Btw, what is the main objective in your roadmap for this 2021?

Adi Sideman (PropsProject): We are working on staking and Governance, enhancing the SaaS like tools that are available for apps to integrate and also looking at Community NFTs as an enhancement to the offering. Roadmap is here.

Telegram Question: $PROPS is an ERC20 token but the Props Protocol’s Smart Contract that is utilized for allocating points and reward from app activities is developed on Algorand Network. I don’t seem to understand the need and how you combined these two separate networks in PROPS project implementation. What are the roles played by Algorand and Ethereum network in Props project and how does this mutually benefit apps and users? And as an ERC20 token, don’t you think that the high gas on Ethereum chain may offer a set-back to $PROPS or do you plan to implement Layer 2 and side chain innovative solutions to tackle this?

Adi Sideman (PropsProject): Great question. Algorand serves as our side chain. We have over 100,000 transactions a day and Algorand has minimal transaction fees and can support a huge TPS. So apps issue users Props IOUs on Algorand. When users wish to claim, they claim into an ERC-20 wallet — so the token and the smart contracts are compatible out in the world. That’s the high level distinction.

With regards to gas fees and layer 2s. Yes — we are introducing a Layer 2 this quarter (first associated with our staking Daap) — exactly to address the gas fees issue you mention.

Thank you for the great community questions!

Moderator: We will open the chat and you should pick 15 questions and answer them

Community Question: We all believe and hope that 2021 will be an important year for crypto. What do you envision once the staking features are out and how will you encourage token holders to participate more in the ecosystem?

Adi Sideman (PropsProject): The staking is geared to appeal to both savvy and mainstream users. App users who want to support their apps and get a leg up within their communities by voting for the apps they love. So besides the fact that Staking for governance is an important step towards decentralization — and besides the fact that it enables token holders who are not app users to participate: it also introduces some of Blockchain’s main concepts: financial governance to mainstream app users — and we are psyched about that.

Community Question: You are launching Props 2.0 this Q2 which will take off with a testnet program. What innovative features will you be introducing? When is the incentivized staking testnet for Props 2.0 event expected to start and who can join?

Adi Sideman (PropsProject): The incentivized testnet will start this quarter, yes. Anyone can join and get test props. to participate.

Community Question: What can you say about your newest relationship with Roomi and what you hope to achieve together and how you will both be of benefit to each other?

Adi Sideman (PropsProject): Roomi is a roommate marketplace for owners who are letting rooms, and people who are looking for a place to live. So it falls square in the marketplace category. The KPIs we look for are users HODLing props to unlock benefits in the app and we believe roomi will be a strong addition to the ecosystem and introduce strong utility demand value

Community Question: Smooth and easy-to-use apps always win the attention of the users when opening or surfing apps. What about Props Project apps? Is there an incredible IT team backing the apps to prevent any issues regarding the smoothness of the apps? What kind of engagements the users can have and what kind of financial benefits they will gain from it?

Adi Sideman (PropsProject): Each app decides its own utility for the token. The interests are aligned and the app can run its own show. So the utility apps tend to provide are: Discounts, Bonus rev share, unlock gifts/content/features, higher daily streak stipend and status.

Community Question: Applications such as PROPS must constantly increase the number of users. What are the solutions you have developed to continuously and steadily expand the PROPS user base?

Adi Sideman (PropsProject): We focus on adoption by mainstream apps that already have a large user base and drive adoption through them. That is the main tactic that allows us leverage and has been driving growth. That is also a very big market to benefit from: as over the next few years, mainstream apps will be looking for off the shelf solutions, rather than write their own solidity code and hire blockchain engineers. That is part of the exciting opportunity.

Community Question: Thinking of it, your project is not globally adopted because even in my region some of the apps that adopt props are not available for download. I would like to know your plans for global adoption and how are your plans going on for partnering with global social media platforms.

Adi Sideman (PropsProject): Our center of Gravity is in the US. So it’s natural that we will start here. That said, the apps we partnered with have a global audience and crypto is global. As such, we hired a team in China last year and this year, made our first hire in Korea. So it’s in our future to get more apps (not just users) from across the globe.

Community Question: How does PROPS measure the level of success from it’s services on apps that have been able to fully integrate your features?

Adi Sideman (PropsProject): Great question: by the net demand value an app provides. are their users valuing the utility the app provides (and HODL and buy) or do the users no value it and sell. (and the app incentives are aligned as they mine tokens based on these KPIs. We plan to expose a lot more data upon staking governance — so that token holders can help funnel any token rewards to the most value producing and promising apps.

Community Question: How does PROPS measure the level of success from it’s services on apps that have been able to fully integrate your features?

Adi Sideman (PropsProject): This is up to the apps that have complete autonomy (as the incentives are aligned with the protocol) — so an app usually rewards for actions that are most valuable to the app: Like content creation, transaction generation (listing items for sale) Buying product in the app, inviting a friend etc.

Community Question: Can you list some of the killer features of your project that might scare the rivals? What is your platform’s most unique and innovative competitive advantage?

Adi Sideman (PropsProject): A lot of people talk about adoption. Our approach in bringing the value of Blockchain to the masses, is to a. make it simple for apps to adopt — by providing a SaaS like framework that obfuscates the Blockchain and does not require a deep integration and Blockchain engineers (simple REST APIs etc.) b. Providing the apps off the shelf gamified interfaces for their users again easy to integrate and good UX for users. c. Custody handled for users (advanced users can take custody) — so its buttery experience. A dogged focus on bringing the power of blockchain and crypto in a simple way to mainstream is one of our main secret sauces.

Community Question: You are working with greats like YOUNOW and Dating, my question is, do you think it is a challenge to integrate into bigger platforms? How do you see that companies of the SIZE of twitch, tik tok, pinterest can be integrated? Is Props scalable enough?

Adi Sideman (PropsProject): Our approach is to go upmarket. Prove the model on Small and medium partners who are early adopters and willing to take more risk, and then go up from there, as blockchain solutions become more mainstream. It’s also expected that the big dogs will want to build (and can afford to) their own solutions from scratch, while the Medium businesses will want off the shelf. The good news is that the addressable market is huge — as more and more businesses are seeking to leverage this power.

Community Question: What new features will Props Whitepaper 2.0 have? Could you get ahead of us a bit … How does the covid 19 pandemic affect Props in the labor sense?

Adi Sideman (PropsProject): Here is the latest Whitepaper. I say it’s a great idea and we are working on our NFT plans. Community+ NFTs is a very practical and valuable fit. Often NFTs can have a lot more value within a community than outside of it.

Community Question: Do you have plans to target developers for multiple platforms? or what platform do you support (Web, Android & IOS)? Do you have Widgets or libraries to integrate with code, so you can make implementation work for developers with Props an easy step? There are some similarities between Props and BAT (Brave Browser Token) What are the unique features of Props?

Adi Sideman (PropsProject): Our documentation is here. We support Android, iOS and web.

Community Question: Do you have plans to target developers for multiple platforms? or what platform do you support (Web, Android & IOS)? Do you have Widgets or libraries to integrate with code, so you can make implementation work for developers with Props an easy step? There are some similarities between Props and BAT (Brave Browser Token) What are the unique features of Props?

Adi Sideman (PropsProject):

a. The team and their pedigree/ experience

b the investors

c. the partners

d. the adoption

e. the communication

f. The audited smart contracts here and here

Finally — your own assessment as a reasonable person.

The props ecosystem has KYC tools that each app uses. It’s important to know your users and follow the law. Separately — here is a relevant user testimonial:

Thank you for having me!

Pls join us to continue the conversation!

Connect to the Props Community

We love hearing from our community about their experiences with our app partners as well as the Props ecosystem. Connect with us on our social channels and sign up for our newsletter so you don’t miss a beat!

· Discord

· Telegram “Announcements” Channel

· Telegram “Project” Channel

· Twitter

· WeChat

Learn more about us at PropsProject.com

Legal Disclaimer: Read more about Props here. The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Props Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement at this website. YouNow is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services. Forward-looking statements: This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Props Token, our Reg A+ offering and launch of our network, and collaborations and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.

Props AMA with Satoshi Club was originally published in Props Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

SuperWorld, the virtual world in augmented reality that allows users to buy and sell virtual real estate anywhere on Earth as NFTs, today announced it is integrating Props as its loyalty token. The integration will enable SuperWorld users to unlock benefits within SuperWorld and its upcoming NFT marketplace and to gain a financial stake in the ecosystem they participate in.

SuperWorld was founded in 2017, and with the rise in popularity of NFTs, the platform has now been gaining mainstream adoption. SuperWorld virtual real estate lets you stake a claim on over 64 billion virtual plots of land geographically mapped onto Planet Earth. Each plot of land in SuperWorld is a 100m x 100m polygon that corresponds to real-world space.

The platform uses the ERC-721 standard of tradable assets, meaning that each plot is characterized by its digital scarcity as a collectible and wholly unique asset to buy, sell, trade, or hold. When a user buys property in SuperWorld, they acquire a unique and irreplicable piece of the Ethereum blockchain, along with monetization opportunities from digital commerce (NFTs), e-commerce, gaming, and advertising activity on their respective properties.

In addition, Superworld provides ways for its users, also known as SuperCitizens to give back to the real world through any of their activities in SuperWorld. For example, as a user progresses in the app, Superworld will contribute to the different causes that the user can pick from.

SuperWorld is expected to be the seventh app to launch on Props, joining YouNow, PalTalk, Camfrog, Listia, Tegger and Roomi as valued members of the Props ecosystem.

Hrish Lotlikar, Co-Founder of SuperWorld says: “We believe that all users of SuperWorld should share in the value that is created on the platform by their activity. By integrating Props as a loyalty token, we are providing active community member benefits and a financial stake in the network they help create.”

Adi Sideman, Co-Founder of the Props Public Benefit Corporation adds: “We are big believers in the Metaverse vision that Hrish and the SuperWorld team are building and we are happy they chose Props as their loyalty token. Props integration into an NFT world and marketplace is an exciting next step for the Props ecosystem.”

Using Props in SuperWorld

In the near future, SuperWorld will launch their NFT Salon, a marketplace where virtual items like digital art, music, fashion, avatars, collectibles (including 3D/animation/2D/video//text) can be traded.

Upon the launch of the Props token, contributors to SuperWorld and its NFT Salon marketplace will be rewarded for actions such as login streaks, connecting a wallet, minting, buying and selling NFTs, and more. Users, in turn, will be able to unlock SuperWorld benefits, such as bonus NFTs and more.

Connect to the Props Community

We love hearing from our community about their experiences with our app partners as well as the Props ecosystem. Connect with us on our social channels and sign up for 💌 our newsletter so you don’t miss a beat!

· Discord

· Telegram “Announcements” Channel

· Telegram “Project” Channel

· Twitter

· WeChat

Learn more about us at PropsProject.com

Legal Disclaimer: Read more about Props here. The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Props Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement at this website. YouNow is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services. Forward-looking statements: This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Props Token, our Reg A+ offering and launch of our network, and collaborations and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.

SuperWorld chooses Props to power its loyalty token was originally published in Props Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

AMAs are an important part of the Props Project global marketing plan. It allows our team to interact and educate communities around the globe. In this edition, Adi shares insights about the future plans for Props, how the project is helping Web 2.0 companies embrace blockchain, and answers community questions. You can read the entire transcript below.

Moderator: 👋Hello Chat, Welcome to a special AMA session with Props Project❤️

Adi Sideman: Hi Everyone. Thank you for having me. Thank you for tuning in!

Moderator: Before we start our first session can you introduce yourself to our community?

Adi Sideman: Of course! My name is Adi Sideman. I am the CEO and Co-Founder of Props.

I come from running consumer networks at scale. I co-founded the world’s first online Karaoke (K-Solo) — which sold to Fox/MySpace at the height of Myspace. I then founded the first mobile, at scale, live streaming service in the west (YouNow), which grew to over 120 Million User sessions/ month. There we deployed digital currency (non-crypto). And we became experts at running a two-sided economy at scale. At the time — power users/content creators were asking to get paid not just in dollars, but in stock options….Power users were eager to have an upside in this network they loved and devoted huge amounts of time to…That's where Props idea was born in 2017.

Props is a work/discount token that unlocks user benefits across a network of apps that adopt Props. One way to think about Props is as a cross between traditional loyalty points and capital.

Another way to think about it is: tokenizing loyalty points and imbuing financial value into them.

Props token value is backed by the aggregate utility it provides to its millions of users across all participating apps. So Props supports a network of apps. Today we have 8 apps that have joined Props up and 5 that have launched Props each with Millions or hundreds of thousands of MAU.

~9 Million users across these apps are holding Props for the benefits they unlock. https://metrics.propsproject.io/

Moderator: Wow great start 😁

Adi Sideman: I hope this gives a good introduction to me and the project.

Moderator: How has the experience and background of your team been effective in the success of your project so far?

Adi Sideman: We are 15 team members, ~half in Product and engineering and ~half in Marketing, operations, and finance. Several of us have been working together for over 5 years, and so it’s a very tight team. We started with non-crypto virtual currency in 2013. I was running a live streaming company. And became experts in running a two-sided money market at scale, with close to $100M in sales of that non-crypto currency. So gained experience in managing a digital economy in the context of a mass consumer network. When Etheerum was mature enough to start building on in 2017 — we started building on the blockchain. So we have been at it for 4 years, with a singular focus.

Also — our investors and sister companies we have been discussing with have been a great community for us. Above are some of our investors.

Moderator: Nice Props Project are being back by many big investors 😊

Kudos to your team for a job well done 😁

Adi Sideman: Thank you. There is still a long way to go!

Moderator: What are your main features that distinguish you from other projects and what competitive advantages do you have?

Adi Sideman: Props is unique as it’s an App Level Protocol. The Apps mine the tokens based on the demand value and the utility value they provide to the ecosystem.

In turn, the apps can determine which of their users to reward, how much and for what action (that they deem valuable). The apps have an incentive to reward users who will HODL or buy more tokens: As it's based on the demand they generate, that they themselves earn more tokens. So the incentives are aligned. We are focused on adoption in Mainstream apps that have a large user base. And as part of the overall solution and beyond the protocol, there are SaaS tools that enable apps to easily deploy Props to their community. SaaS tools and Webviews for users to interact with Props.

Making it familiar and straightforward for mainstream apps to adopt. Not only do their engineers not need to code in solidity, and the apps don’t need to hire blockchain engineers. But also their users — the Blockchain is obfuscated and they don’t need to take custody until they wish to claim. That’s how we can be touching millions of users now, as they get educated about Crypto through the products they love and use. Here is a WYSIWYG that apps use to author some of their Props interfaces for their users.

Moderator: What are you looking most forward to doing in Props Project?

Adi Sideman: Our vision is to enable all users to benefit from contributing value and engaging with the online apps/ communities that they love. For the value and upside to be shared. — and seeing that starting to work is very rewarding. The users benefit as they are earning an asset that they have not earned so far and feel ownership, appreciated, and affinity. The apps benefit by better aligning with their users, by effectively partnering with them using this new asset class — they are motivating their best users to be more valuable, to spend more time, money, engagement, word of mouth marketing to bring others. The apps are seeing the results by improving their business results, both engagement and revenue.

Above are some examples of apps that deployed Props — we have more case studies published on our site www.propsproject.com. So it’s very rewarding to see that the concepts that we all believe in, about the ownership economy and the value of Blockchain — are being tested in the real world and proven. We look forward to seeing many more millions of users benefitting from that.

I also look forward to launching our staking/governance portal in the months ahead. That’s an important next step.

Lastly — technology and product are never done…So we are in the planning stages of additional value and functionality for our ecosystem: leveraging NFTs and other standards for the communities that use Props.

Moderator: Could you please provide some progress on your Roadmap and what results Props Project has achieved so far? And any sneak peek into 2021 plans for Props Project?

Adi Sideman: Here is our published Roadmap

We started Props in 2017. We launched on Main net in March 2019.

In July 2019 the Props tokens were qualified by the SEC. This is an important qualification as Props is for mainstream apps, and they are risk averse… so it’s been important to have regulatory approval. We are the only consumer focused token to be qualified by the SEC in the US. (via Reg A+). By the end of 2020, 4 mainstream apps have launched Props — each with Millions or Hundreds of Thousands of Monthly Active users

In Q1, that just ended, 3 additional mainstream apps started integration and we announced some and some we will announce soon. This quarter, Q2, we will be launching our staking/governance Portal. First as a testnet, and later in the year — on mainnet. It will be an incentivized testnet for starters. Over time, we plan to add more functionality to the governance portal until the community is in full control. This will take time, but we are on the path. I hope this helps give an overview of our past roadmap and plans.

Moderator: Let’s move to our Second Segment — Twitter Questions

Q1. More and more investors are concerned only about token prices and short-term returns rather than the long-term and health of the project. How does PROPS try to balance this problem?

Adi Sideman: You describe a reality of a gold rush. That is where the industry is and in many ways has been. The bull market adds to that way of thinking. Our responsibility is to focus on delivering value for our token holders, and make sure that we are building the right things that apps and communities will want, leverage and will in turn drive value to the token. This is not a short process. So we are here for the long run, with great investors, great app partners who not only launch Props, but many apps invest in Props. And with a great community. Thank you for the question.

Moderator: Q2. Loyalty programs are widely used in the world of centralized finance, so few benefits are given to users. How has Props changed these paradigms? How do your protocols differ to make these programs a fairer and more equitable system for all?

Adi Sideman: At its base, the SaaS components that we looked at earlier, enable apps to launch a traditional loyalty program, with gamified progress bars and goals and benefits that are unlocked. What Props does on top of that, is imbue financial value into these points. And enabling the users who contribute value to share in a scarce asset that not only unlocks benefits for them but allows them to build capital value and benefit from a potential upside. That last part takes the traditional loyalty program, to the next level and enhances the alignment between users and the apps they love, creates more loyalty to the apps, and provides the apps with stronger business results, often dramatically. The Protocol compares the utility value each Props participating apps generates and rewards the apps accordingly.

For example: if I am an app that unlocks no benefits (utility) for Props in my app, and simply dish out the token to my users for taking actions — the only thing the users can do with the token is cash out and this generates supply. This app will be shut out of any protocol rewards, to eliminate supply generation.

On the other hand, another app gives Discounts, unlocks a premium feature or exclusive content, gives user status and maybe a bonus rev share, the users of that App have a reason to HODL (or buy), to ensure they unlock the benefits in the app they’ve been using.

The app in turn is generating demand for the Token and the protocol knows to reward that app.

Moderator: Can you detail us some more about premium features?

Adi Sideman: Each app sets its own benefits, as no two businesses are alike, and the protocol is an app-level protocol to enable the app, the developers, the Product managers the ability to cater to the unique needs of their app and community.

So in one app, the token may unlock the ability to be ‘ad-free’, in another, it may unlock free NFTs. In a third, discounts, the more tokens you hold, the better the discount. In a 4th app, perhaps a gamified experience, gifts that are only available to large token holders, etc. The apps have full flexibility, we see all of the above.

Moderator: You mention about holding a token for a discount, What is the minimum amount to hold in order to benefit with this discount?

Adi Sideman: It depends on the app. It generally is as little as 10 Props — so that all users can be “pulled into the game” so to speak and start learning about and appreciating the fact that the app is sharing something unique with them.

Technically, these small users are earning IOUs on our sidechain — so there is no friction and they can become part of the community, get into the action and be motivated to take more valuable activities to earn more.

Moderator: Q3. Your platform plans to launch its new and innovative Staking protocol. What features will this new tool have? Can you describe how it will affect the community and applications?

Adi Sideman: The first phase of the staking, will be to hand the token holder community governance over the Props Protocol Rewards Engine. This is a 300M+ Token pool that rewards apps for the demand that they drive for Props. The value in moving this to the hands of the token holders is that in addition to pure numbers, they can take into account trends, news, and subjective matters that have an impact in the real world. So in a way, we are moving from a traditional analytical computer to a social computer to help govern the ecosystem.

This is a first step — and we hope you all join our telegram to learn about the incentivized staking testnet we will be launching in the near future.

Moderator: Q4. What is the importance of the Chinese Market within the expansion plans of Props? What are the benefits for your company to be able to ask effectively in this market?

Adi Sideman: The Blockchain community is global and we need to be able to communicate globally. While our center of operations is in the US, we now have a team in China and we recently made our first hire in Korea. These are active markets that with blockchain, can participate in the Props ecosystem, and with the staking portal, will soon be able to. It’s our responsibility to continue to grow our multi-language and global communication over time, to ensure that Props benefits from the global nature of Crypto.

Moderator: Q5. Do you agree that the power of the community will drive your project to global growth? What are your strategies for building a large and strong community?

Adi Sideman: Great question. For starters, we are here today, are we not? Speaking to large communities that are passionate about Blockchain, all over the world, is one tactic and we are doing this regularly, literally, every week.

Second, Apps that adopt Props have a global footprint, with users all over the world, and these apps are the best, scalable method to reach the masses and build a large community of stakeholders.

Lastly, there are those community members who are super passionate and want to further get involved. To harness that important energy, we are working on opening an Ambassador program, to help reach as many people as possible.

So all of that plus translation of the material (currently EN and CH, and soon KR).

Moderator: Community is the key 😁 Thanks! And that’s for our Twitter question segment :) Moving on to our last segment — Live Q&A. If you are ready.

Community Question: Some mobile apps now collect user data and profit by selling it to third parties. How do you make sure this doesn’t happen to Props? how safely does Props store user data?

Adi Sideman: Props does not retain any personal data. We are also audited by Zeppelin. You can review here and here.

Community Question: What’s interesting about PROPS for developers. What are the benefits of using PROPS tokens in their application?

Adi Sideman: Developers earn Props themselves, by implementing Props to their communities. And the more valuable the implementation is for Props (Good utility/ demand) the more the developer themselves earns — as they are a key player in the ecosystem. Of course — they also get a great tool for loyalty/ community engagement. that they don’t have to build.

Community Question: What is your strategy for expanding the PROPS user base?

Adi Sideman: Our growth is directly tied to the number of apps that chose to implement Props. The apps/ communities are where the users are. so we are working to provide easy to use tools and solutions to make it simpler and simpler for apps to adopt.

Community Question: Is it possible for Props to implement a burning system with allocated PROPS? How about the whole network?

Adi Sideman: We are experimenting with burning, but it’s not part of the Protocol at this time. Good question!

Community Question: Investors mostly focus on short-term token price, what would be the benefits and motivation for long-term Props token investors?

Adi Sideman: I am a long term investor myself. As you know — any business takes time to mature. We come from VC backed businesses that take years to build. So that is how we approach it — consider the long term fundamentals.

Community Question: In your aim to achieve global adoption, how will the community be allowed to contribute to the Props Project and is there a governance model?

Adi Sideman: Governance by staking. We are releasing the first governance functions in the months ahead — and will follow up with more over time. So our token holders can manage the network in the long run.

Community Question: What are the requirements or steps that must be met to make an application compatible with Props?

Adi Sideman: It takes some planning on the app’s product side: they need to know what actions are valuable to reward users for, and how much value. They need to understand the value of the utility they provide — and do a good gamified plan and balance the two. This is work they would need to do for any loyalty program. We call this the design phase.

Community Question: PROPS is a simple API for apps to implement loyalty programs that drive engagement and empower users financially. The last time I checked, you have 4 apps launched, so how many Apps now does PROPS currently have all in total? Also is there any plans to add more Apps soon?

Adi Sideman:

5 apps have launched so far and an additional two announced. We expect to announce another app in the weeks ahead. The good news is that with bitcoin price rising, more and more mainstream businesses are considering how to leverage the power of Blockchain and crypto in their apps/communities and that bodes well for our adoption.

Community Question: I saw on the project website that one of the main focuses is ease of use, why do you think this is an important factor for a project?

Adi Sideman: We are some years away from Apple and Google and browsers out there being web 3 compatible. But we are here and now and there is demand today, and benefits that users and apps can have today. SO we invest a lot of effort to make the experience as smooth as possible for non sophisticated users. For example: Webview components that apps can drop for their users, and which feature simple progress bars and don’t mention crypto. Or the ability to issue IOUs where the app retains custody for regular users, while advanced users can take custody anytime. These methods and others are crucial to drive adoption TODAY.

Community Question: On their platform, they describe Props as an ecosystem for all tokenized users to participate in the financial success of the network. Are all the applications that are bound to your protocol successful? Do they get the loyalty of the users who use your token?

Adi Sideman: Thank you. Yes, each app can design its own program. However, there are elements that are needed for any program: What do you unlock as benefits and at what level of holding? What do you reward for? etc. So we account for those macros to enable apps to do rapid implementation. It was such a pleasure to spend time with everyone here. Thank you for having me today and for all the great questions and interest.

It was such a pleasure to spend time with everyone here. Thank you for having me today and for all the great questions and interest.

Connect to the Props Community

We love hearing from our community about their experiences with our app partners as well as the Props ecosystem. Connect with us on our social channels and sign up for 💌 our newsletter so you don’t miss a beat!

· Discord

· Telegram “Announcements” Channel

· Telegram “Project” Channel

· Twitter

· WeChat

Learn more about us at PropsProject.com

Legal Disclaimer: Read more about Props here. The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Props Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement at this website. YouNow is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services. Forward-looking statements: This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Props Token, our Reg A+ offering and launch of our network, and collaborations and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.

Props AMA with CryptoTalkz was originally published in Props Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

On March 9th, Props Community Manager, Cydel, sat down with Props CTO, Peter Watts, to answer some community questions and share some updates from the Props Product and Engineering team.

Some of the highlights include updates on the upcoming launch of the Staking Protocol, more details on App rewards, product plans for 2021 and more.

Moderator: Are there plans to allow apps to implement token burns with their allocated PROPS? If so, how would this affect the network as a whole.

Peter: This is something that we are definitely looking into. Tegger has a new mechanism where Props can be redeemed for various offers, and they plan to burn a portion of the Props redeemed. If this goes well, then we plan to continue looking into other ways to roll it out more broadly across the network.

Moderator: Could we elaborate with our relationship with Algorand? Has it been mutually beneficial for us? Would we ever consider using Solana?

Peter: We’ve actually gained a lot out of our partnership with Algorand, both on-chain, enabling cost-effective transactions and transparency, and off-chain, with industry relationships and shared marketing efforts. Solana is doing some cool stuff, and we’re keeping an eye on it, but we are happy where we are right now.

Moderator: What else can we expect for the rest of Q1 and Q2?

Peter: We expect the first half of this year to be quite big, with the launch of the Staking protocol that is outlined in the new whitepaper. We anticipate having an incentivized Testnet in the near future, where users will be able earn real Props for testing the system, followed by the Mainnet launch after that.

Beyond that, our focus is on getting new Apps live, and ensuring that they have all the tooling that they need to be successful. A lot of this is behind the scenes but has a big impact on our ability to sign new Apps and get them live quickly.

Moderator: At the moment, while ETH gas fees continue to rise, it is very expensive to send ETH to your wallet for Props and also expensive to send Props to an exchange. How do we plan to mitigate this problem and are we considering any Layer 2 solutions?

Peter: Yes, 100%. We are working on Layer 2 support right now, and it will go live at the same time that the Staking protocol is deployed. We expect this to reduce transaction costs. The goal is that most users can live entirely on Layer 2, both for staking and for accessing exchanges. The UX will also be seamless, so you won’t need to switch networks, and will feel like you are just using regular Ethereum.

We’ve been reviewing all of the different options, ZK Rollups, Optimistic Rollups, Sidechains, etc. We plan to have a blog post soon announcing the technology we plan to use, and the thought process behind it. Some of the most promising tech like ZK Rollups are still months away from being ready, so our plan is to build on a solution that is stable today, while leaving the door open to adopt superior solutions as they become available.

Moderator: Within the new protocol design, apps will be incentivized to attract stakers which will likely be utilized by a more limited number of technical users and not mainstream consumers that are utilizing the partner apps. In the prior protocol design, one could argue that apps were more incentivized to attract mainstream consumers to hold props. With this protocol change, is there any concern that the attention from app partners will shift too much toward attracting this narrow group of stakers and away from mainstream consumers?

Peter: Props is a loyalty solution, meaning it is designed to enhance an Apps existing business model, not replace it. Apps still need to attract and retain mainstream consumers in order to be successful. Stakers are incentivized to stake towards the apps that they believe will be the most successful. Apps will still earn based on their ability to attract mainstream consumers, but with the new protocol, the evaluation can be more nuanced and consider many more factors, not just raw user numbers.

Moderator: Could you provide more information regarding the Props protocol that will leverage staking, a community governance portal and the eventual transition towards full community governance. How can community members participate?

Peter: The first step towards community governance will be the launch of Staking. Anyone holding Props tokens will be able to participate and earn rewards for providing information to the protocol about which Apps are creating the most value. Then, over time, we intend to transition various decisions from the team to the community. We are still a while away from that and will share details when it gets closer to happening.

Moderator: To take a step back and look at the whitepaper, it is understood that the Props Token is an ERC20 token and the Props Protocol is using an Algorand smart contract (ASC1) as a side chain that is utilized for allocating app points and app rewards. Is staking done via the ETH platform and requires stakers to pay the (current) high gas prices? Or is the staking done via the (less expensive) Algorand platform?

Peter: The Protocol and Staking will actually run on an Ethereum Layer 2, in order keep costs low, while maintaining full compatibility with an Ethereum wallet and contracts. We use Algorand for something different, which is the transparent publishing of Pending Props microtransactions.

Moderator: Can you provide a real world example of how app points are going to be used? What are the expected benefits from adding this to the protocol? How will the experience differ for app points for regular app users vs stakers?

Peter: The expected benefit of introducing App Points is a protocol that it can scale to many more Apps in a fully trustless way. This simply wasn’t possible with the old design and is incredibly important for the protocol’s future.

The impact for regular users will be quite minimal. They will continue earning Props, which will impact their in-app benefits. But for those who decide to get involved with staking, they can earn something additional, that also contributes to their benefits, alongside Props.

Connect to the Props Community

We love hearing from our community about their experiences with our app partners as well as the Props ecosystem. Connect with us on our social channels and sign up for 💌 our newsletter so you don’t miss a beat!

· Discord

· sub-Reddit

· Telegram “Announcements” Channel

· Telegram “Project” Channel

· Twitter

· WeChat

Learn more about us at PropsProject.com

Legal Disclaimer: Read more about Props here. The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Props Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement at this website. YouNow is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services. Forward-looking statements: This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Props Token, our Reg A+ offering and launch of our network, and collaborations and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.

Community AMA with Props CTO, Peter Watts was originally published in Props Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

Roomi, a marketplace helping people rent rooms and find roommates in a verified community, today announced it will launch an in-app loyalty program backed by Props. This will enable Roomi users to earn Props, unlock benefits and be rewarded with a financial stake in the ecosystem they participate in.

Launched in 2015, Roomi currently has over 3M registered users across the US and LATAM and continues to expand. Roomi will provide benefits to its users that hold Props.

Roomi is expected to be the sixth app to launch Props. This announcement underscores the expansion of the Props network that currently includes YouNow, PalTalk, Camfrog, Listia and Tegger.

“Roomi brings together people who constitute our network and make our platform valuable. We have been considering how to share long term value with our loyal users and Props provides that vehicle. We are impressed with the simple SaaS like tools to implement blockchain. We look forward to creating a deeper financial alignment with our users to create further growth and value for all participants on Roomi and the Props network.” said Ajay Yadav, Founder & CEO of Roomi.

Adi Sideman, Co-Founder of the Props Public Benefit Corporation added: “Roomi’s planned integration of Props is another step towards bringing the power of digital assets to mainstream users. Roomi is a world class platform, a recognized brand, and we are delighted that Roomi chose to build on Props.”

Using Props in the Roomi Network

Roomi enables people who seek to rent spaces to easily find appealing deals in their areas and access information about their future roommates and the living environment.

It enables renters to post available rooms and vet potential roommates. Roomi’s security products further enable both parties to verify the other party’s identity and conduct background checks, to ensure safe connections and transactions.

Adding Props to this two sided marketplace will enable Roomi to further attribute user reputation, a critical signal in a people-centric marketplace, as well as unlock discounts to engaged and loyal members. Active users that verify their identity, transact on the platform and invite friends to join Roomi are expected to be rewarded with Props.

Connect to the Props Community

We love hearing from our community about their experiences with our app partners as well as the Props ecosystem. Connect with us on our social channels and sign up for 💌 our newsletter so you don’t miss a beat!

• Discord
• sub-Reddit
• Telegram “Announcements” Channel
• Telegram “Project” Channel
• Twitter
• WeChat
• Subscribe to our Newsletter

Learn more about us at PropsProject.com

Legal Disclaimer: Read more about Props here. The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Props Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement at this website. YouNow is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services. Forward-looking statements: This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Props Token, our Reg A+ offering and launch of our network, and collaborations and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.

Roomi to introduce the Props token to its millions of registered users was originally published in Props Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

We are excited to announce the launch of the Props Whitepaper 2.0, which is the culmination of over a year of research into further evolving the Props Protocol into a fully decentralized network, with the right balance of incentives, to achieve compounding success. For those who have been following along from the beginning, we take the opportunity to discuss some of the biggest changes from the current design.

Staking

Today, only a handful of entities (Apps and Validators) can earn rewards from the Protocol for performing work. In the new design, any Props holder will be able to stake their Props and earn rewards for participating. This is an important step towards becoming a protocol that is owned and operated by its users.

Subjective Rewards Distribution

Today, rewards are distributed based on the raw metrics of each app (number of users, total Props held and median Props per user). While in theory it’s good to use objective on-chain data, in practice it creates challenges. Such metrics are possible to fake, making it difficult to scale beyond a set of trusted Apps. Further, in order to truly evaluate the value of each App to the protocol, additional factors need to be taken into account.

In the new design, rewards are allocated based on the subjective evaluations of Stakers, who are able to consider off-chain data (such as the quality of Props benefits the App offers) in their decision making. Staking rewards are also structured so that when Stakers act selfishly to maximize their own rewards, it produces information about which Apps are providing the most demand for Props, similar to how prediction markets work. The end result is a system that can more accurately evaluate the contributions of different Apps, and importantly, removes the need to trust any participants.

Removing Validators

Now that App Rewards are to be determined by Staking data, there is no longer a need for the role of Validators, who act as Oracles to the protocol. Removing this role will greatly simplify the protocol, and is to reduce a key centralization risk and attack vector.

App Points

One of Props’ greatest strengths is the shared Props Token that can be easily integrated by any App without the heavy lifting of deploying one’s own token. However, when modeling how Props could grow to hundreds and thousands of Apps, we identified a need for Apps to have their own internal points systems where value could more closely correlate to the success of each App.

Decentralized Governance

When combined, the above changes set the stage for the Props Protocol to be fully compatible with decentralized governance. This has always been a long-term goal, and we are excited to continue to work towards placing control of the Props Protocol entirely in the hands of the Props community.

To explore all of these topics in more depth, please check out the whitepaper, and reach out to us on Telegram and Discord with any questions.

Props Whitepaper 2.0 was originally published in Props Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

Tegger, a loyalty provider rewarding users for valuable content consumption, today announced that it will migrate its growing network of sites to use Props as its loyalty currency.

Tegger currently supports 7 publishers, including Cultura Colectiva, Latin America’s leading digital content site. Tegger is expanding its network of apps, which moving forward, will all adopt Props.

Tegger will provide benefits to its users who hold Props, across its network of publishers. Users on the Tegger network will also be able to trade in their Props for rewards on Tegger’s marketplace. Tegger will burn a portion of any user redeemed Props.

Tegger is the first Props partner in Latin America, where adoption of cryptocurrencies is growing dramatically. Tegger is expected to be the fifth application to launch Props, following YouNow, Paltalk, Camfrog and Listia.

“Replacing our traditional loyalty points with the Props crypto asset, enables us to turbo-charge our offering with partner sites and end-users. Users’ ability to effectively turn the value of their online participation into a financial asset is a game changer for our service and the entire Latin American digital content space. Not only are all our current partner sites switching to Props, but additional sites we are adding to the network see the Props story as a motivator to joining the network” said Renato Carregha, Tegger’s Founder and CEO

Adi Sideman, Co-Founder of the Props Public Benefit Corporation added, “Tegger’s adoption of Props is unique in two main ways: First, Tegger’s model is to propagate Props amongst as many 3rd party sites as possible. This compounds Props growth efforts. Second, Tegger’s no-code product will showcase Props ‘light integration’ into apps, which may prove to further accelerate adoption across online businesses.”

Using/Earning Props in the Tegger Network

Currently, Tegger allows users to be compensated for their data by collecting points that can be redeemed within the Tegger marketplace. Upon Tegger’s Props launch, users that hold Props will be able to access unique and exclusive redemption options in the Tegger marketplace and up-level in Tegger’s gamification system to earn more rewards for their valuable content consumption activities. Users earning and holding Props benefit from discounts, the ability to acquire products, and services, and exclusive discounts with partners such as Uber, Didi, and Rappi, among others, multipliers on Props earnings, and further bonus earnings for completing surveys and tasks. As a user’s Props earnings grow, they gain access to better rewards.

Tegger is expected to fully migrate to Props in the weeks ahead.

Connect to the Props Community

We love hearing from our community about their experiences with our app partners as well as the Props ecosystem. Connect with us on our social channels and sign up for 💌 our newsletter so you don’t miss a beat!

• Discord
• sub-Reddit
• Telegram “Announcements” Channel
• Telegram “Project” Channel
• Twitter
• WeChat
• Subscribe to our Newsletter

Learn more about us at PropsProject.com

Legal Disclaimer: Read more about Props here. The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Props Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement at this website. YouNow is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services. Forward-looking statements: This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Props Token, our Reg A+ offering and launch of our network, and collaborations and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.

Tegger Network to Join Props was originally published in Props Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

US and Canada residents are restricted from participating.

Props is now available on OKEx. As part of the listing announcement, we are happy to share OKEx’s Special Promotion of $200,000 USD in Props available for qualified Props Apps users.

Props app users, residing outside the US and Canada, can earn Props by following these simple steps:

1. Register for OKEx (US and CA residents are restricted from trading)
2. Pass KYC 1 process
3. Deposit Props into your OKEx account
4. Share your OKEx UID (User ID) with us

This promotion is only available to the first 9,000 users of Props Apps (list here) and will run from Jan 27th 8am UTC through Feb 10th 8am UTC. Users are to receive their Props rewards within 48 hours following the end of the promotion period.

Here’s how it works:

This promotion will be on a first come, first serve basis. Up to $200,000 USD will be available for this promotion. The sooner you successfully complete the process, the more Props you can earn.

Notice: Only qualified users can get the Props bonus, if you fail to complete the steps outlined below, you are not eligible for this promotion.

Step 1: Register for OKEx (US and Canada residents restricted). User guide can be found here.

Step 2: Pass KYC 1 — User guide can be found here. When verifying your account as an individual, you are typically required to have a government-issued identification document (usually your passport) on hand.

Step 3: Deposit Props into your OKEx account:

In order to deposit, you need to Click Deposit

Select PROPS and follow instructions to get a PROPS Deposit Address

In your favorite Props App, click the Props icon and visit the Props Wallet (exact steps will vary per app)

Click the button to Claim Props

Select New Wallet then paste your OKEx Props address in the Blank and click Claim Props.

Step 4: Share your OKEx UID (User ID) on form available in your app wallet

In your Props Wallet, click the button in the OKEx banner

And submit the form

48 hours after the promotion is complete the Props you earned will be directly deposited into your OKEx account.

Connect to the Props Community

We love hearing from our community about their experiences with our app partners as well as the Props ecosystem. Connect with us on our social channels and sign up for 💌 our newsletter so you don’t miss a beat!

• Discord
• sub-Reddit
• Telegram “Announcements” Channel
• Telegram “Project” Channel
• Twitter
• WeChat
• Subscribe to our Newsletter

Learn more about us at PropsProject.com

Promotion Disclaimers:This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

OKEx Exchange Listing Promotion was originally published in Props Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

US and Canada residents are restricted from trading

The Props Public Benefit Corporation has announced that Props will be listed on two Asia-based crypto exchanges, Gate.io and KuCoin for trading by non-U.S. residents. This is the first time the Props token will be officially traded on exchanges, a much-anticipated moment for millions of international users who have been earning and using Props across multiple popular consumer apps. GSR, one of the most reputable trading firms in the market, will be providing liquidity. GSR works with token issuers, investors, funds, miners, and more than 40 cryptocurrency exchanges around the world.

The partnership with Gate.io and KuCoin will allow users residing outside of the US and Canada, to trade Props for the first time. Power-users of apps recognizing Props, have long been asking for a way to buy and sell Props. We are delighted to be able to announce that non-U.S. users will now be able to do so.

Props top tier investors include Union Square Ventures, Borderless Capital, Hashed, Comcast Ventures, Venrock, Zeev Ventures, CoinFund, GSR, Spice VC, Lvna Capital, Notation Capital, Nirvana Capital and others.

In the lead-up to the launch of Props trading outside the U.S., large transfers of the Props token may be observed. These transfers are for our market making efforts and exchange listing infrastructure work.

About Props

Props is a leading platform for deploying and bootstrapping in-app tokens, allowing apps to increase user loyalty, financially align with users and add a new revenue stream. A half dozen apps have adopted the token and 4 have launched, each with millions or hundreds of thousands of Monthly Active Users. ~8 Million users are holding Props.

Props is backed by Union Square Ventures, Borderless Capital, Hashed, Comcast Ventures, Venrock, Zeev Ventures, CoinFund, GSR, Spice VC, Lvna Capital, Notation Capital, Nirvana Capital and other top tier investors.

About KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 6 million registered users from 200+ countries and regions. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.

About Gate.io

Gate.io serves the crypto community via no less than 367 markets, including USDT, CNYX, BTC, ETH and time-limited markets. This while more than 100 cryptocurrencies and cryptocurrency pairs are available for trading.

Connect to the Props Community

We love hearing from our community about their experiences with our app partners as well as the Props ecosystem. Connect with us on our social channels and sign up for 💌 our newsletter so you don’t miss a beat!

• Discord
• sub-Reddit
• Telegram “Announcements” Channel
• Telegram “Project” Channel
• Twitter
• WeChat
• Subscribe to our Newsletter

Learn more about us at PropsProject.com

App users can buy and sell Props on exchanges, starting Jan 27, 2021 was originally published in Props Project on Medium, where people are continuing the conversation by highlighting and responding to this story.