Props
Props discontinued its loyalty program and ceased support for the Props Protocol, making it open source for others to fork.
Discontinuation of Props Loyalty Program
Props discontinued its Loyalty Program on December 16, 2021. This marked the end of their efforts to reward users through the Props Protocol and Props Tokens. Post-discontinuation, all associated services and support for the Props Protocol were ceased.
End of Props Protocol Support
Props no longer supports the Props Protocol and has stopped issuing Props Tokens. The decision came after they made the Props Protocol open source, allowing others to fork and use it independently. This action terminated Props' ongoing involvement and support in its proprietary blockchain ecosystem.
Regulation and Security Status of Props Tokens
Props Tokens were classified as a security, operating in a highly regulated environment. This classification required Props to adhere to specific regulatory standards and guidelines in their issuance and management of these digital assets. Consequently, the regulatory environment influenced Props' decision to stop offering these tokens as rewards continuously.
KuCoin De-listing of Props Tokens
KuCoin, a cryptocurrency exchange, de-listed Props Tokens on October 29, 2021. The removal of Props Tokens from KuCoin marked a significant development in the accessibility and trading of these digital assets, which remained existent but with limited exchange support.