SEC Gives YouNow’s Ethereum Token ‘Props’ Reg A+ Approval

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The U.S. Securities and Exchange Commission (ICO) has granted an ethereum-based token a Reg A+ qualification, the startup YouNow said Thursday.Props is an ethereum-based blockchain token that integrates with streaming platforms like YouNew and XSplit to reward users and creators with tokens.YouNow – which developed the Props blockchain – announced today that it will begin rewarding content creators with Props for in-app activities that “drive community engagement.” Users will also begin to receive tokens for engaging with the platform. YouNow will begin by distributing a total of 187 million tokens to users and creators, according to an SEC filing.The video-streaming firm will incentive users to earn Props by offering VIP status and boosting their purchasing power of an in-app currency called Bars. Exclusive items and discounts will also be on offer to Props holders.Reg A+ is a way to reward early investors, as well as galvanize users around a product…

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