Props is a token that may give its owners awesome benefits within YouNow, including—for the first time in YouNow—a financial stake in the network. Increasing your Props holdings can unlock new status levels, exclusive access to discounted Props-themed stickers and gifts, and larger complimentary bar bonuses when you log into YouNow each day.
By “financial stake,” we mean that YouNow community members who hold Props will have the ability to participate in an increase in the value of Props if the use of apps using Props increases and results in an increase in the demand for and value of Props. This is a significant change in the way platforms like YouNow can reward their community members. Think of Props as representing your participation in the platform that you’ve spent countless hours on and helped grow. Holders of Props do not, however, receive an interest in the profits or losses of YouNow, Open Props Inc., Props PBC, or any other YouNow or Props affiliate, any rights to distributions from YouNow, Open Props Inc., Props PBC, or any other YouNow affiliate, or any legal or contractual right to exercise control over the operations or continued development of YouNow, Open props Inc., Props PBC, or any legal or contractual right to exercise control over the operations or continued development of any YouNow affiliate.
The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Props Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement at http://offeringcircular.propsproject.com/. YouNow is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.
This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Props Token, our Reg A+ offering and launch of our network, and collaborations and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.