Learn more at https://propsproject.com/
Tai Zen: Can you talk about the token distribution here that’s coming up here in a few weeks because one of the concerns that people always have is that hey am I going to miss out on this and one of the things that we always talked about in our channels that we don’t like talking about projects that our viewers can’t participate in
Can you explain to the audience about how the tokens are going to distributed, who can participate in it, who cannot participate at the time frame, just general information
Adi Sideman: Our goal is to get the tokens into as many hands as possible and we have a whitelist going on right now, anybody can join on www.PROPSProject.com or you can register and we’ll ensure that every single person who registers, there is a whitelisting
Leon Fu: Do you have to be an accredited investor, this is not a security?
Adi Sideman: This is not a security, this is a utility token
Leon Fu: You run that through your lawyer
Adi Sideman: The reason its utility token is that the product is in the market on day one and that’s one of the tests for utility token. You can get value from having the token inside our ecosystem on day one
Tai Zen: Talk about this elaborate, this whitelisting process because when I talked to you lead Peter, he said that whoever one participate, you guys have a process that you guys created where everyone can participate as long as I get whitelisting, as long as tape register and get whitelisting. There is no man left behind
Leon Fu: You don’t get a big way to come in that, why it’s important to us and it’s a healthy economy for us to have as many people holding these to open
Adi Sideman: We prefer to have many users owning small pieces than a few big people on huge pieces so that’s one the second thing that we really want is that the tokens will be in the hands of people who actually use the
We’re doing everything we can that content creators, like yourself, will have tokens and as a matter of fact, one of the first things that the foundation does is reward big content creators.
Let’s say you have 10 million YouTube subscribers and you come in and you do your KYC and you identify yourself with your socials and it’s verified and authenticated, you will get bonus tokens on day one and we published on our blogs the rate for that
Because we want content creator to come in because they’re valuable to the network
Tai Zen: It’s interesting, I’m glad that you brought it up because sometimes people in the Crypto community, they feel this sense that hey that’s not fair, but in our opinion, we have a particular size and amount of followers on our YouTube channel
If somebody comes in with a hundred times more subscribers and followers, we don’t care they get more tokens or they get rewarded more because they must have done provided more value to get that many people to follow them.
We don’t get jealous, I mean I see some people get upset like why does that person with a million followers get better treatment than I do because I have a thousand subscribers, there’s a reason for that
Adi Sideman: I just want to point it out to the folks at home or listening, because the actual token price doesn’t change. That’s the bonus that they’re getting is not a discount, it’s actually a bonus from that 50% reward
The foundation is rewarding these big YouTubers who are coming in on day one with extra tokens. It’s not taking away from anybody
In my opinion, I look at this way if somebody comes in with a million subscribers into your network, because if I’m invested into the project I want those big channels coming in and that’s what it takes for them to come in: hey, I’m happy, I’m for it, I’m not against it
Take my tokens, you’re gonna give me, too and give it to them because the more users that you have on the network that’s where it has value
Adi Sideman: Those creators bring a lot of new users into the ecosystem which helps the ecosystem grows so
Tai Zen: There any misunderstandings or misconceptions about the PROPS Project that we need to clarify for the audience that you may have heard of, that’s not correct
Adi Sideman: I think it’s unique that an existing established venture-backed company is basically decentralizing and tokenizing. I hope that we did a good job today here to explain it because it’s not like other projects which as you said are a few people with a white paper and whatnot.
Tai Zen: Several times to research this project and we want to conclude this video by letting everyone know full disclosure. We always say this on every video that we talked, it’s always safe to assume that we invest in the project that we talked about on our channel that we research
Full disclosure, it’s safe to assume that we invest in the project that we talk about on our channel and this particular project the PROPS Project, we just really want to make that you guys fully understand this
Not only we are investors, but we are content creators, we’ve been broadcasting, one of the first Cryptocurrency investment channels that we know of in, we were talking about NXT over four years ago
We just want you to be fully aware that do your due diligence research the project yourself, we are probably going to be very biased about this project for several obvious reasons.
One is that we’re Cryptocurrency investors, number two, we’re big content creators, we’ve been creating content about Cryptocurrencies long before we some of these other channels just popped up a few months ago.
So there’s going to have a big bias for our team towards a project like this. That’s going to solve huge problems that we see in the video content space, we just want you guys don’t think that I’m pumping this project or saying all this good stuff about this project
We have a bias towards it, because we’re video content creators and this is the first project we’ve seen since we started investing Cryptocurrencies. Who cares about the white paper? I don’t, what I care about there’s an employee here, that’s what I care about
There’s a CEO that we can contact and reach out and Adi has been very gracious to us. When we came down here, anybody that we wanted to talk to, we can just literally just walk over there and tap him on the shoulder and ask them questions, there are no restrictions, we do appreciate
Adi Sideman: I appreciate your diligence and branded diligence to the folks at home
Tai Zen: We’ve never had anyone here say: hey you can’t go there, you can’t talk to that person and he just gave us free rein to come in here to shoot videos whenever we want, talk to whoever we want, he’s like hey, we’re open, just do what you guys got to do and let me know if you guys need me for anything
I just want you guys to know that we’re gonna be very biased about this project because of all those, anybody, ICL project that generates, it’s already getting $ 2 million a month in revenues and already has 40 million registered users, that’s a green flag for us, that’s not a red flag
When somebody just has a white paper, a dream and they’re still living in their mom’s basement, that’s a red flag for us
We want to say thanks for having us here, this is just the first video, we’re gonna have other videos coming up where we’ll talk to the development team, the product team and other people are involved here
Adi giving us access to all these people, so we want to be able to do a diligence and share with you guys, we hope you guys like it and if you do give it a thumbs up, I can’t wait to get onto the rise app so that when you guys like our stuff, you guys can give us a thumbs up and we’ll get some tough ones
Thanks for watching, if you guys like the PROPS Project
Leon Fu: You can go to www.PROPSProject.com
Adi Sideman: There’s a link there to the white paper and get on the mailing list and get on the telegram channel and we’ll in touch and continue the conversation
Tai Zen: If you guys like this type of boots- on- the- ground, type of research that we are doing, moving for in 2017 our goal there’s thousand hundreds of ICO coming out and our policy moving forward is to have our team boots- on- the- ground, research the projects that we look at and meet the people behind the project and not just invest in a white paper anymore actually have a real people behind their project, and probably a working software
Thanks for watching us, if you like this type of research go to www.Cryptocurrency.market-newsletter.com. And this is what we broadcast out, make sure you go to the website www.thevenusproject.com check out the project, register do what you guys wanna do
So we’ll see you guys in the next video, where we talked to the Deb team and other folks here. Thanks for watching this.
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