A few platforms dominate social, and control digital media distribution. Their strength depends on millions of users creating and sharing content, but only a small fraction of the hundreds of billions in enterprise value that they have amassed flows back to those that create it.
We believe that users should transparently and programmatically earn for their contributions to a network, and have a stake in the community they are growing. PROPS ensures that network value flows back to the people who help it grow, better aligning stakeholders across the platform.
spend in current virtual economy
Our community of millions of users and content creators is spending and earning digital currency today (62K transactions / day). They will spur demand for PROPS day one, making it one of the world's most widely used cryptocurrencies early on.
First many-to-many video infrastructure, enabling VOD, video chat, linear or premium content, multi-user live streaming and more. Creators and developers drive user engagement, and get rewarded in PROPS.
Users hold PROPS to promote content, access exclusive features, and signal status across media apps. The larger the network, the more valuable these benefits.
Mainstream users need no knowledge of the underlying cryptoeconomics to enjoy and participate on the platform. They can engage for free or through in-app purchases, which in turn drive demand for PROPS.
In order to kickstart a vibrant community of passionate PROPS users, we’ve designed token distribution to offer as many people as possible the opportunity to participate, either buying PROPS or earning them by growing the network.
The Decentralized Media Foundation is a non-profit entity that programmatically and transparently distributes tokens over multiple years to developers and creators who contribute value to the ecosystem. The Foundation reserves 50% of the total supply. As a result, the majority of tokens will be distributed over time to partners and the public.
Partner Rewards and Grants will be distributed at a maximum equivalent to 12.5% of the remainder per annum, indefinitely (≃6% of total token supply in year one). The public will hold the majority of PROPS.
Participants in the CoinList Sale will have their tokens distributed in Q1 2018 on network launch.
Company tokens vest over 3 years. Team aligned with long term vision of the network and all token holders.
PROPS Overview — Includes Live Demo
The PROPS tokens (also known as PROPS) are a crypto asset that is currently being developed by YouNow, Inc. (“YouNow”), a Delaware corporation.
YouNow may issue securities representing future interests in PROPS in the form of Simple Agreements for Future Tokens (“SAFTs”). These securities may at some point be offered and sold through this website (https://coinlist.co/props).
As with any investment, purchasing interests in a SAFT involves risk. You must make your own decision about whether and how much to invest. Historical performance or other information regarding the likelihood of token performance or various outcomes are hypothetical in nature and are not guarantees of future results.
YouNow has prepared offering materials (including a private placement memo) for the sale of these SAFTs. Before you invest, you should read the related offering materials. You may get these documents when you register and indicate interest through this website.