Props PBC has released a token that has been approved the United States Securities and Exchange Commission under Regulation A+.
According to the Delaware-based blockchain startup the crypto token is the first consumer facing token qualified by the SEC via Reg A+ which is an alternative to conducting an IPO that is intended to accommodate startup businesses seeking initial funding.
Props will be used as rewards token that can be used within apps to bolster user engagement, such as within the streaming platforms YouNow and XSplit.
It seems that the U.S. SEC is in a roll approving the first Token sale under Regulations A+ it is now approving the its first consumer-facing blockchain token.
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