SEC first awarded the ERC-20 token qualification in accordance with provision “A +”

The US Securities and Exchange Commission (SEC) approved the distribution of 187 million Props tokens between content creators and YouNow streaming platform users for internal activity in order to influence their degree of involvement. This decision was made by the department in accordance with the established provision "A +", according to TechCrunch .

So, tokens will allow people to form a reputation, earn Bars domestic currency to support content creators, get access to exclusive gifts, and most importantly provide a financial share in the future platform. Add that at the time of writing, users purchased Bars worth more than $ 70 million.

Today, we'll be launching YN's most powerful tool: Props. The props you couldn’t get, you can get it. Get the newest version of the app, and read more: https://t.co/4yuKUUJ5ik

– YouNow (@YouNow) July 11, 2019

The initial price of the token is $ 0.1369, but in the future, demand may theoretically affect its growth. This should motivate Props holders to develop the platform.

Nevertheless, it should be emphasized that tokens cannot be exchanged for fiat money, but they can be transferred between different wallets and applications. At the moment, four applications have added support for Props, including xSplit. However, YouNow is already working on listing Props in alternative trading systems (ATS).

According to media reports, YouNow collaborated with the SEC for two years before obtaining permission to distribute tokens.

It is worth noting that last year the platform operator sold tokens for $ 22.4 million to such major investors as Union Square Ventures, Venrock, Ze'ev Ventures and Comcast Ventures. Then the daily volume of transactions within the YouNow digital economy was estimated at 60 million.

Recall that before YouNow entered into a partnership agreement with the supplier of decentralized data storage Storj Labs.

A day earlier, the SEC approved a $ 28 million Blockstack token in accordance with the “A +” provision.

The SEC has approved a $ 28 million Blockstack holding. This is the first such case in history.

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