As a next step toward responsible decentralization of the Algorand network, Silvio Micali and Jing Chen share a proposal for further decentralizing Algorand Governance

Props

Digital Assets

About Props

The Props Network is built to empower the people who help digital communities thrive. Props provides open source infrastructure for a network of apps capable of transparently and fairly rewarding users with a shared token. The Props platform abstracts blockchain’s technological and regulatory complexity for apps, enabling them to easily plug Props Tokens into any app, in order to grant their users unique benefits and a financial stake in the very networks they help grow. Props is backed by Union Square Ventures, Borderless Capital, Venrock, Comcast Ventures, Zeev Ventures and others.

How Props is using Algorand

With more than 3 million users that is expected to soon grow to 5 million users, Props needed to partner with a blockchain that could support the growing volume of activity on its PropsChain and provide greater transparency to network participants and the market. Algorand’s public chain will increase Props’ speed and reliability, while powering more transaction volume and a higher level of security. The initiatives of the two organizations will allow Props and Algorand to collaborate on a potential transition of more Props technology elements to the Algorand blockchain.

Algorand Asia Accelerator: Introducing Props CEO & Co-Founder Adi Sideman

Adi Sideman, CEO and Co-Founder of Props introduces Props, discusses how it all started, shares why they chose Algorand and gives advice to new founders and startups in this interview for Algorand Asia Accelerator, the Finance 3.0 focused blockchain accelerator program launched by the Algorand Foundation, Borderless Capital, and powered by LongHash Ventures.

Props in-apps transactions moving to Algorand

Latest News

April 30, 2020
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CoinDesk

YouNow's Regulated Crypto Project Props Will Migrate to Algorand Blockchain

April 30, 2020
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CoinTelegraph

Props Project Moves From Private Blockchain Over to Algorand

April 30, 2020
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Silicon Angle

Props Project distributed app platform secures $2M in token sale and moves to Algorand

Props raises $2M in funding led by Union Square Ventures and Borderless Capital, Moves to Scale on Algorand Platform - April 30, 2020

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