Phunware Inc. (PHUN) stock gains in the pre-market trading. Let’s find out why?

Phunware Inc. (PHUN) stock declined by 2.29% at the last trading close whereas the PHUN stock price rises by 8.19% in the pre-market session. PHUN is the creator of Multiscreen-as-a-Service (MaaS), an award-winning, fully optimized corporate cloud platform for apps that gives businesses the tools they need to engage, track and monetize their mobile app portfolios and audiences at scale around the world.

What is happening?

PHUN announced that its Loyalty Software Development Kit (“SDK”) for Apple iOS and Google Android has been launched on GitHub, allowing third-party smartphone apps to issue PhunToken. This significant landmark aids marketers in incentivizing commitment and driving consumer satisfaction as part of Phunware’s Multiscreen-as-a-Service (“MaaS”) Mobile Loyalty Ecosystem’s wider rollout. Any mobile app publisher can monitor and award in-app consumer actions on Apple iOS and Google Android by incorporating this lightweight SDK

The COO of Phunware, Randall Crowder said to encourage widespread acceptance of blockchain, we must make it easy and straightforward for businesses and customers to reap the benefits of cryptocurrency without requiring them to alter their actions radically. PHUN’s MaaS Loyalty SDK enables marketers to easily integrate new features into their current mobile product portfolios in order to reward app users with activities such as referring, posting, and connecting with content that promotes brand recognition.


Phunware expects to release its Data SDK later this month in support of its MaaS Customer Data Platform (CDP), which will enable mobile app publishers to compensate users for the importance of their data by issuing PhunCoin. Both PhunToken and PhunCoin will be run by PhunWallet on Apple iOS and Google Android, which will be available for download once the Apple App Store and Google Play have approved the apps.