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PROPS 101: How The New Cryptocurrency Will Function On YouNow’s Rize App

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Social Media 12th Jan 2018 tubefilter


Buzz surrounding YouNow’s new cryptocurrency-powered social video app, Rize, continues to mount among creators and investors alike. The company’s token sale for unaccredited investors reached its cap in a matter of hours, and it also closed its sale for accredited investors early — given that requests had surpassed the team’s cap.

Over 1,700 institutions and individuals participated in the sales, including illustrious digital content creators like Philip DeFranco and Casey Neistat (see below).

Ahead of Rize’s official launch at the end of this month, we sat down with Yonatan Sela, the SVP of business development and product for YouNow’s PROPS platform, to discuss how the new cryptocurrency will function on Rize. From how to get started on the app, to how tokens will be transacted, to how YouNow keeps them securely stored, check out Sela’s primer on all things PROPS below.

Tubefilter: If a creator wants to join Rize, how does he or she go about getting involved?

Yonatan Sela: It’s as easy as any app out there: download, create a profile, and start creating video content. As soon as your content starts getting engagement, you will begin earning PROPS — the cryptocurrency that powers Rize. Every 24 hours, you will receive a push notification that tells you how many PROPS you’ve earned that day. Unlike any other app or social video network out there, Rize transfers nearly 100% of the revenue earned on the platform to creators on the network in the form of PROPS.

Read the full article at tubefilter
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social media, YouNow, cryptocurrency powered social video app, Rize,

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