Rhythm NEXT Phase 6 Winning Project: Consumer Application Token Governance System Props

The results of the sixth phase of 2020 NEXT were officially announced on December 2. After fierce competition, Props, a project focused on consumer application token incentives, won strong support from the community and stood out.

In order to discover more high-quality projects and better capture the market heat, Rhythm BlockBeats Items were updated. After the Props win this time, other projects will retain the enthusiasm to enter the next round of competition.

In previous issues, Rhythm has introduced several value items to everyone, invite them team to have a conversation. As the activities continue and deepen, we continue to optimize and expand the depth and breadth of the content of the dialogue. The activity has also received the attention and affirmation of more readers.

In this event, Adi Sideman, co-founder and CEO of Props, and Gee Chuang, CEO of Listia, will jointly attend the event and talk about "Ownership Economy in SEC Compliant Web3" with everyone.

About Props

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Props The main consumer application generation In July 2019, the currency incentive and governance system was approved by the US Securities and Exchange Commission (SEC) Regulation A+ exemption regulations, which eliminated the biggest obstacle to its public offering of tokens.

According to media reports, Props Has previously completed $21 million in token financing, including well-known Union Square Ventures (USV), Comcast, Venrock under the Rockefeller family, and Silicon Valley Chris Dixon, the helm of the cryptocurrency investment fund a16z under venture capital giant Andreessen Horowitz, and investor Casey Neistat all participated in the financing.

The token Props token is defined as a basic currency, which is specially used to reward users and content creators , developers and other network participants.

Props  was selected into the 250 million ALGO reward plan in May this year, and announced that the private chain PropsChain will be migrated from Ethereum to the open source public chain Algorand.

About "2020 NEXT"

"2020 NEXT" series is jointly launched by Rhythm and KuCoin. It is hoped that through this series of activities, the industry can focus more on innovation. The "2020  NEXT" event lasts for one year, with one issue every half a month. Each issue lists 15 projects for the public to help. Each user can help three times a day. The 1-2 project teams with the highest popularity in each issue will become the dialogue guests of the month.

Click to enter the "2020 NEXT"  event page: https://www.theblockbeats.com/live

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