Props

Basics

• Started in:
• Based in: a Delaware public benefit corporation

• From this announcement (30-4-2020):

"The team behind Props, a network built to reward application users with a financial stake in the network. Props raised funds in a tokensale and will use the capital to scale its user network through integrations by additional consumer apps, and to evolve its infrastructure, including a transition of its PropsChain to the Algorand blockchain"

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: Algorand and Ethereum
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From Messari:

"The Props Project announced on Jul. 31, 2020, that it has started to migrate in-app transactions to the Algorand blockchain. Props will use Algorand to allow Props-based applications to issue “Pending Props” tokens to their users. These in-app rewards still eventually settle on Ethereum in the form of the original Props token, which continues to live on Ethereum as an ERC-20 asset. The "Pending Props" model increases the rate at which users receive their token rewards and helps reduce the number of transactions happening on Ethereum."

Audits

• Bug bounty program can be found [insert here]. None according to Blockchain Security DB (29-6-2020), which does show 2 audits (9-2019).

Roadmap

• Can be found [Insert link here].

Usage

• From this announcement (30-4-2020):

With more than 3 million users on its network, Props is the first Regulation A+ consumer token qualified by the SEC. Props expects to grow to 5 million Props Token users following a May launch of Props Tokens on two additional consumer apps, Listia and Paltalk.

Projects that use or built on it

• From this announcement (30-4-2020):

"Props network includes a number of apps across different industries such as YouNow (a live broadcasting service), xSplit (a video game streaming with 17 million-registered-users), Camfrog, Listia, and Paltalk. Dating.com Group, a conglomerate of 15 international dating apps, with more than 73 million registered users intends to implement Props into its apps."

Competition

• From (4-2018) a BlockPulse report on competitor Verasity:

"Props is a decentralized media sharing network which rewards content creators. It has many similarities to Verasity, and is run by an experienced team with a network of established investors.

However, a key difference is that Props runs on the Ethereum blockchain, and is thus subject to any scaling issues or fees. In times of heavy usage Ethereum fees can increase dramatically which would have a massive impact on the viability of the small micro-transactions needed to operate Props. Verasity has a more secure blockchain design for an application such as media sharing by using a DPoS blockchain.

While Ethereum needs to be highly resistant to censorship and attack by a third party, media sharing platforms do not constitute the same target for attacks and thus can utilize a different blockchain consensus design."

• However it moved (30-4-2020) to Algorand.

Team, investors, Partnerships, etc.

Investors

• From this announcement (30-4-2020):

"Raised approximately $2M* in token-sale financing from a number of funds and strategic partners led by Union Square Ventures (USV) and Borderless Capital, with participation from GSR, Lvna Capital, SPiCE VC, CoinFund and the Dating.com Group."