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YouNow was the second company to receive SEC approval for its Props token offering under the Reg A+ framework
The Props network of digital media apps currently only consists of YouNow’s namesake live streaming app, but the company hopes to add more given it solves some pending regulatory issues
YouNow’s monthly unique users have declined nearly 60% from 2017 as the company shifted resources towards developing the network
Props tokens have no established secondary market and require completed KYC/AML procedures and tax forms for distribution, likely adding a layer of friction for users
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