Props Tokens Distributed to Accredited Investors and Republic Investors
Refer to our blog for the full blog post noted below.
Today represents an exciting milestone for the Props Project. We’re proud to share that we’ve successfully distributed Props to both our accredited investors and our Republic investors who actively re-confirmed their wallet addresses through CoinList and Republic, respectively.
Props already has basic utility in the YouNow app, and we expect additional functionality to roll out in the months ahead, when we expect to begin rewarding the platform’s content creators and contributing users with Props.
In the meantime, we encourage Props holders to visit younow.com/props, connect your wallets, and enjoy your unique perks on the platform. If you have any questions, feel free to email us at [email protected].
We are positioning Props to be one of the first projects to issue tokens to all consumers, accredited and non-accredited, in the United States and across the world, in compliance with federal securities laws. We believe this will empower our user base, help align the incentives of all Props stakeholders, and rightly reward those driving value across the network.
We deeply appreciate our community’s support and enthusiasm, and we continue to work tirelessly to build one of the first consumer-focused token networks in the world.
Note: We will be working towards a regulated listing on an alternative trading system (ATS) that lists tokens for trading, but we do not currently have a detailed update on this front. We are not currently aware of any national securities exchange or ATS that lists tokens for trading.
Legal disclaimer: No money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy Props Tokens can be accepted and no part of any purchase price can be received under Regulation A until an offering statement is qualified pursuant to the Securities Act of 1933, as amended, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person’s indication of interest involves no obligation or commitment of any kind. 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, future qualification of our Reg A+ offering and launch of our network, and future collaborations and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. We cannot assure you that the forward-looking statements will prove to be accurate. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.