About Props Token (PROPS)
Props Token (PROPS) is a leading platform for deploying and bootstrapping community tokens, allowing apps to increase user loyalty, financially align with users1 and add a new revenue stream. Many apps have announced integration or launching, each with millions or hundreds of thousands of users. 1.Users of an app that integrates Props may be able to receive Props upon their review and acceptance of the terms and conditions for use of the app and the completion of certain other administrative steps.
Props Token (PROPS) A “financial stake in the network” means the ability to participate in an increase in the value of Props if the use of our platform increases and results in an increase in the demand for, and therefore the value of, Props. Holders of Props will not receive an interest in the profits or losses of any Open Props Inc. (f/k/a YouNow, Inc.)
Props Token (PROPS) any other App deploying Props, Props PBC, or any other Props affiliate, any rights to distributions from Open Props Inc., Props PBC, or any other affiliate, or any legal or contractual right to exercise control over the operations or continued development of Open Props Inc. Props Project, any Props App, Props PBC, or any legal or contractual right to exercise control over the operations or continued development of any Props affiliate.
Props Token (PROPS) Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Props Token |
| Short Name | PROPS |
| Circulating Supply | 358,575,165.31 PROPS |
| Total Supply | 692,539,156 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Chat | Click Here To Visit |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Props Token Unlock Utility in Participating Apps
Props Token Supply
1 billion Props tokens have been minted. Distribution of the token is displayed here and constantly updated.
1. The “Token Smart Contract” is not a legal agreement.
2. There are currently no national securities exchanges or exchanges that have been approved by the Financial Industry Regulatory Authority or registered under Form ATS with the Securities and Exchange Commission to support the trading of Props on the secondary market. As a result, holders should be prepared to hold Props indefinitely, as there is no guarantee that holders will be able to sell or exchange their Props or realize any financial profit from their Props.
3. These features are not yet available.
Props Protocol
The Props Protocol (the Protocol) is a smart contract that allows a decentralized group of actors (the Network) to coordinate towards the common goal of growing adoption of the Props Token. It’s a central hub where data can be stored and key participants can discover and interact with each other. The Props Protocol uses rewards to incentivize these participants to come together and align interests.
Staking
Users wishing to participate in the Props Protocol, may do so through Staking. Staking involves transferring Props Tokens to the Protocol, which decreases the Staker’s balance of Props and increases their Staked balance. In return, the Staker can influence various aspects of the Protocol, based on their proportion of the total amount staked.
While Staked, a User’s Props Tokens remain locked with the Protocol, however at any point the user is free to unstake and get their tokens back immediately. There is also no way to transfer or lose users’ Staked Props, so they are guaranteed to get them back 100%. See Section 4 for implementation details.
App Points
Each App will be enabled with its own app-specific App Points (Points), serving to unlock loyalty benefits within that App alone. Based on the amount of Props earned and staked by a User towards a certain App, the user will be granted App Points of that certain App, the amount of which determines which benefits the user unlocks. Users can also earn App Points through actions like Staking