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PeerStream (OTCQB:PEER), a security company for multimedia communications announced that it has partnered with YouNow, as part of its open-source developer network. This network of apps, called Props applies blockchain technology with the goal to tokenize the digital economy. As quoted in the press release: PeerStream intends to integrate the Props tokens as a loyalty system for …
PeerStream (OTCQB:PEER), a security company for multimedia communications announced that it has partnered with YouNow, as part of its open-source developer network. This network of apps, called Props applies blockchain technology with the goal to tokenize the digital economy.
As quoted in the press release:
PeerStream intends to integrate the Props tokens as a loyalty system for users of its popular social video apps Paltalk and Camfrog, two of the largest live video social communities. Pending regulatory approvals, rights to receive Props tokens could be granted to users as a reward for video chat hosting, engagement and other beneficial community-building activities. Rewarded users can hold Props to get in-app benefits and take ownership in a token that has value on other participating apps.
Alex Harrington, CEO of PeerStream, commented: “We believe Props will enable us to turn Paltalk and Camfrog content creators into stakeholders in the network, and for the first time, become partners in the success of the network. It will be an important tool for us to better incentivize and align our ongoing success with the most important users of our apps.”
