U.S. live video streaming company YouNow on Wednesday filed with the Securities ...
NEW YORK - 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.
Props is an open-source project built to reward application users and content creators with a financial stake in the network they contribute to. YouNow, with 47 million registered users, started the Props project in 2017. 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.
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