Props - the SEC compliant Crypto Attempt by YouNow!

There are many exciting video streaming platforms out there. Somehow the most important ones that comes to my mind is Periscope. May be because it because it killed Meerkat ?

(screen shot from : https://techcrunch.com/2016/09/30/meerkat-star-of-2015-is-officially-dead/ )

Everytime I see a new Streaming app in the town, I think about Meerkat ...

new era ..

Well in the new era the fund raising is done with tokens. Its quite evident that no matter whether you are a die hard FIAT fan or a precious metal fan, the open ledger technologies have a deep impact now.

There has been numerous attempts by various people to issue SEC compliant Bitchain futures and various other solutions. There are stable tokens like Gemini and PAXOS.

May be its the timing that coincided with Facebook's big annoucment, the news of the startup Younow is everywhere from Reuters ...

NEW YORK (Reuters) - U.S. live video streaming company YouNow on Wednesday filed with the Securities and Exchange Commission a public offering circular to distribute its own digital currency called Props.

Regulation A+

YouNow’s offering will be done through the SEC’s Regulation A+ exemption, according to YouNow’s filing, which is available on the SEC website. Under the terms of the offering, a total of 178 million tokens will be distributed.

The Regulation A+ exemption enables small companies to offer and sell securities to U.S. investors via two tiers, either for $20 million or $50 million, each over a 12-month period. Like an initial public offering, Reg A+ allows companies to offer shares to the general public and not just accredited investors.

As per the quoted text from https://www.reuters.com/article/us-crypto-currencies-younow/us-video-streaming-app-younow-files-cryptocurrency-offering-with-sec-idUSKCN1TK2LJ they have approached SEC for a special type of crypt-offering. This is an excellent initiative of the crypto community in general.

Well timed with the media hype around Libra, this is the best thing happened to the open-ledger, blockchain based payment mechanisms in the recent times.

Thanks YouNow.com team and wishing you success!