FAQ

We discontinued the Props Loyalty Program on December 16, 2021. We no longer support the Props Protocol, and we no longer issue Props Tokens. For the benefit of the Props Token community, we have made the Props Protocol open source and available to fork. You can find it here: https://github.com/propsproject

Props’ mission was to bring a crypto token to consumer businesses in the US. Because Props Tokens were treated as a security, Props operated in a highly regulated environment with limitations that, over time, came to substantially inhibit our flexibility and the speed with which we could adapt and deploy effective products for our partner apps. As a result, we came to the conclusion that there was not a way for Props to fulfill its mission and succeed commercially.

We are not shutting down the Props Protocol - we no longer support it, but we have made the Props Protocol open source and available to fork. You can find it here: https://github.com/propsproject. As for our decentralization project, we ultimately determined that it was not commercially viable within the regulatory framework governing Props.

You should consult with a securities lawyer to determine what, as a legal matter, you would and would not be able to do with a forked version of the Props Protocol.

We have continued to pursue potential opportunities, past August 13, 2021, that may help preserve value for Props Token holders, including trying to identify a third party that might be interested in re-starting the Props Loyalty Program. This is what we meant by exploring “strategic alternatives''. However, we have not identified any viable opportunity, despite efforts to do so. Any new party running the Props Loyalty Program would face the same regulatory environment we faced.

No. Props no longer serve as rewards on any app.

Props Tokens will continue to be a digital asset in the world. However, we have discontinued the Props Loyalty Program and we no longer support the Props Protocol.

KuCoin de-listed Props Tokens on October 29, 2021. See this announcement: https://www.kucoin.com/news/en-st-delist-20211022. We don’t know what other non-U.S. exchanges that list Props Tokens will do. That will be up to each exchange to decide.

Each Props partner app has made its own decisions and its own announcements about that. We suggest you check the partner app website or contact the partner app support for details. YouNow and Listia have shared blog posts about this.

Please contact support@props.xyz with all your specific information and attach a copy of your Republic / Props Purchase Agreement.

As the limitations imposed by our regulatory environment came to substantially inhibit our flexibility and speed to market with new products, we came to the conclusion that there was not a way for Props to fulfill its mission and succeed commercially. As a result, we stopped the continuous offering, and the Protocol Rewards Engine no longer issues Props Tokens as rewards.

We are profoundly grateful for the support of the Props Token community. We struggled mightily to make Props Tokens and the Props Loyalty Program commercially successful and were able to integrate with 6 consumer apps supporting millions of users. We were hoping Props would grow and grow. We are saddened that our plans didn’t work out. We have been fully aligned with the Props Token community from day one, and we have put in place a lock-up on the core team’s Props Token holdings that began in 2017 and will continue moving forward. As a result, the founders and core staff have not sold a single Props Token since the beginning of the Props project in 2017.

Partner app users should check the website of, or contact, the app where they earned the Pending Props. The partner apps have been communicating with their users about the key dates associated with Props Token claiming deadlines.