YouNow Files with SEC for Token Offering Under Reg A+ Exemption
- YouNow said in its filing that it will not raise funds or sell the tokens at the public offering.

An offering circular filed with the Securities and Exchange Commission (SEC) explains in explicit detail the objective of the YouNow tokens to be issued under the name “PROPS.”
While the move still requires regulatory review, YouNow said in its filing that it would not raise funds or sell the tokens at the public offering. Instead, the company will reward users with its Ethereum-based ERC20 token for participating in the ecosystem.
YouNow, which reports having attracted 47 million registered users since its founding in 2011, already raised around $25 million in an unregulated token sale in late 2017. This time, however, the firm is working with securities lawyers to create a legal framework that can enable its offering to comply with SEC regulations.
Regulation A+ allows to raise up to $50 million
The company also operates a live streaming game show, dubbed WTF, which allows viewers to win cash prizes in the form of Ethereum.
Like other social networks, YouNow is aiming to create a crypto-centered media platform and a decentralized ecosystem whereby all participants hold a stake in its growth and thus earn money for their contributions to the network.
“Those users — they may be constant creators, moderators, or they may be supporting the system financially — that help grow the network can now be rewarded in a transparent and mathematical way through cryptocurrency,” Adi Sideman, YouNow founder and chief executive officer, told Reuters.
YouNow is the second Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term related firm to file for SEC Regulation A+ exemption, which, if granted, would allow the firm to raise up to $50 million in its token sale. Blockstack, which is building a platform for decentralized apps, was the first ever startup to file an application with the SEC to sell its tokens, called Stacks, under the Regulation A+ exemption. Blockstack intends to sell between 40 and 80 million Stacks Tokens to non-US persons in a private placement.
An offering circular filed with the Securities and Exchange Commission (SEC) explains in explicit detail the objective of the YouNow tokens to be issued under the name “PROPS.”
While the move still requires regulatory review, YouNow said in its filing that it would not raise funds or sell the tokens at the public offering. Instead, the company will reward users with its Ethereum-based ERC20 token for participating in the ecosystem.
YouNow, which reports having attracted 47 million registered users since its founding in 2011, already raised around $25 million in an unregulated token sale in late 2017. This time, however, the firm is working with securities lawyers to create a legal framework that can enable its offering to comply with SEC regulations.
Regulation A+ allows to raise up to $50 million
The company also operates a live streaming game show, dubbed WTF, which allows viewers to win cash prizes in the form of Ethereum.
Like other social networks, YouNow is aiming to create a crypto-centered media platform and a decentralized ecosystem whereby all participants hold a stake in its growth and thus earn money for their contributions to the network.
“Those users — they may be constant creators, moderators, or they may be supporting the system financially — that help grow the network can now be rewarded in a transparent and mathematical way through cryptocurrency,” Adi Sideman, YouNow founder and chief executive officer, told Reuters.
YouNow is the second Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term related firm to file for SEC Regulation A+ exemption, which, if granted, would allow the firm to raise up to $50 million in its token sale. Blockstack, which is building a platform for decentralized apps, was the first ever startup to file an application with the SEC to sell its tokens, called Stacks, under the Regulation A+ exemption. Blockstack intends to sell between 40 and 80 million Stacks Tokens to non-US persons in a private placement.