SEC approves in-apps token based utility token

SEC approves in-apps token based utility token


SEC which has been seen to punish freeloaders who tried to use Howey test to circumvent SEC regulations, has approved a utility token called Props.

Props anticipates to engage in-app attention of users and reward them for their time with Props tokens.  Props tokens are dubbed as “sweat equity” because users are given stake in the company for their hard work.

Props aims to wipe the gap between the value that content creators generate and the revenue they get in return.

Their site calls Props as “loyalty program on steroids.”

With the green signal from SEC, Props may gain mass adoption in a short period of time and pave ways for genuine crypto projects (like and including Publish0x).

 

 

How do you rate this article?


0

0

CryptoTapas.com
CryptoTapas.com

My name is RK Reddy. I write exclusive content for CryptoTapas.com; Our content is original, unique, researched and balanced. We have exclusive interviews with CEOs of great blockchain companies. Our eBooks and special alerts are free for subscribers


Blockchain and Crypto
Blockchain and Crypto

News, updates, opinions and unique perspectives on everything blockchain and cryptocurrencies including topics related to STOs, ICOs, IEOs, token economy, FOMO, FUD and more!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.