YouNow

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YouNow
YouNow logo.png
Founded 2011
Key People Adi Sideman, Founder and CEO
Products Social medium for broadcasts
Twitter @https://twitter.com/younow
Facebook https://www.facebook.com/younow
Website https://www.younow.com/explore
Blog https://blog.younow.com/

YouNow is a live streaming video platform which allows viewers to tip performers.

The U.S. Securities and Exchange Commission (SEC) qualified YouNow's Props token for distribution under SEC Regulation A+ on July 10, 2019, the same day as it qualified Blockstack's token. They are the first two token offerings approved by the SEC.[1]

The name of the token, "Props," ostensibly derives from the slang term for "proper respect." [2] YouNow platform viewers show performers "props" by rewarding platform performers with Props.

While they may be traded among users and members of the public, all Props will be distributed for free by YouNow. According to the company's offering circular filed with the SEC, Props are to be issued to users of the YouNow app, including viewers to use as rewards to performers and content contributors as well as commercial partners of the company.[3]

References

  1. SEC Gives YouNow’s Ethereum Token ‘Props’ Reg A+ Approval. CoinDesk.
  2. Props. Urban Dictionary.
  3. Offering Circular, YouNow, Inc.. U.S. Securities and Exchange Commission.