We wrote in September about the upcoming launch of live-video app Rize: it’s the work of popular app YouNow, and will blend livestreaming with blockchain technology and cryptocurrency.
In fact, Rize will have its own cryptocurrency called ‘Props’, with its creators revealing more plans on how they plan to tempt social-media stars to use Rize with it.
“We are announcing the first initiative of this program, offering up to $5 million worth of bonus tokens to early adopters of Props, through the Rize app,” they explained in a blog post.
That includes people who already vlog using the YouNow app, as well as anyone with a decent following on YouTube, Twitter, Twitch and Instagram: if they buy Props in Rize’s upcoming initial coin offering (ICO) they’ll get a bonus number depending on their following on other platforms, up to 40% if they have more than 10 million fans.
“We are committed to the mission of creating a more open and equitable media ecosystem, where creators and other valuable contributors have a personal stake in the network they build with us…”