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Limitazione temporanea della funzionalità Earning Wallet

Sospensione temporanea della funzionalità Earning Wallet

Restrizioni provvisorie all’uso delle funzionalità di Earning Wallet

Con la seguente comunicazione intendiamo chiarire le decisioni preventive introdotte da Young Platform con lo scopo di tutelare gli interessi dei nostri  utenti. È nostro dovere garantire a questi ultimi tutte le informazioni connesse ai rischi derivanti da momenti di forte volatilità di mercato.

La funzionalità “Earning Wallet” di Young Platform viene offerta tramite un partner centralizzato, ovvero Tesseract, l’unico regolato in tutta Europa. 

Fornendo il provider un servizio che limita la disponibilità delle criptovalute in periodi di forte volatilità, non è esente da rischi, in particolar modo:

  • rischio di non poter disporre per un tempo definito o non delle proprie criptovalute in momenti di forte volatilità;
  • rischio di non vedersi riconosciuti i reward previsti dal service provider;
  • rischio di perdita del capitale bloccato in Earning. 

Young Platform ha chiesto delucidazioni al fornitore, alla luce della situazione di mercato attuale. Il partner si è dimostrato collaborativo e trasparente, fornendo evidenze del fatto che i suoi asset sono collateralizzati in rapporto 1:1.

Nonostante ciò, Young Platform ha deciso ugualmente di limitare il servizio di Earning Wallet, dal momento che la situazione di mercato ha afflitto in maniera importante i servizi di lending e borrowing in tutto il mondo. Ciò significa che ha sospeso la creazione di nuovi stake e il rinnovo automatico sugli stake attivi.

In generale, dato il momento delicato, invitiamo tutti a valutare attentamente l’attivazione di servizi che riconoscono incrementi di criptovalute a seguito di un blocco delle stesse.  

Quindi se ora stai utilizzando il servizio Earning Wallet, l’importo in stake e il relativo reward verranno automaticamente accreditati sul tuo Portafoglio principale una volta raggiunto il termine ultimo di blocco, come da prassi. È tua facoltà sbloccare le tue criptovalute bloccate nell’Earning Wallet prima del termine, come da Termini e Condizioni dell’Earning Wallet.

Per qualsiasi dubbio contatta il supporto cliccando qui.

Ti terremo aggiornato su ogni cambiamento. 

Grazie per la fiducia che riponi in noi, 

Team Young Platform

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Your crypto security in the context of the FTX collapse

Your crypto security in the context of the FTX collapse

In light of recent events, we are here to reiterate that the safety and security of our users’ funds has always been and always will be Young Platform’s priority, both now and in the future

That is why we want to present to you, as well as our entire community of over 1 million people, the measures we are taking to achieve this goal. Young Platform offers innovative and ambitious products, but operates in a cautious and considered manner. This means that our project wants to contribute to the growth of the cryptocurrency industry with responsibility and sustainability. The best way to do this is through transparency.

First of all, we want to reassure you on a few important aspects: 

  • The total balances in your wallet are immediately accessible for withdrawal and are deposited with selected providers that offer some of the best guarantees on the market in terms of soundness and transparency, as well as appropriate insurance cover in the event of negative events such as cyber attacks and/or hacking;
  • Young Platform does not use the deposited funds in any way;
  • Funds are retained by Young Platform in a 1:1 ratio;
  • Young Platform is not financially exposed to FTX or Alameda Research and the FTT token has never been supported by our exchange.

Here are the measures we take to ensure the safety of our users:

  1. We keep your funds safe
    As stated before, we work tirelessly to secure your assets on our platform. In concrete terms, this commitment translates into choosing an industry leader for asset safekeeping such as Fireblocks. We also ensure that all your funds are always available on demand and that you can withdraw when you wish.
  1. We choose industry-leading security protocols
    Young Platform uses the best security protocols. This way we can guard your data and funds from every angle. From asset protection, to privacy protection, risk control and user security alerts.
  1. We work with institutions on compliance initiatives
    At Young Platform, we work closely with Italian and European regulators and institutions to ensure high security standards. Young Platform was the first Italian cryptocurrency exchange to undergo regular audits by an auditing firm and to register with the Organismo Agenti e Mediatori (OAM), which requires the provision of quarterly reports to the Italian Ministry of Economy and Finance.
  1. We provide all the tools for a responsible approach to cryptocurrencies free of charge
    Young Platform has everything you need to decide how to use your funds: up-to-date security guides, industry news, resources to get an overview of possible risks. All this is available on our Academy and our Blog. You can start reading about self-custody best practices, or learn more about what happened to FTX and why Young Platform is not involved in the affair.
  1. We work for platform transparency
    We are satisfied with our procedures that guarantee a safe experience for users, but security is a job that never stops. That is why we are looking further and trying to improve on our achievements. In this regard, Young Platform is taking further measures, integrating new systems to improve the technical solutions for the safekeeping of customer assets in the long term and to make them more transparent.

Young Platform recognises its responsibility to create a reliable and secure environment. In this mission, contact with users is crucial. We are proud to offer you comprehensive support through our Support Team. If you have any questions or concerns, our team is available to answer them at any time.

Thank you for your trust in us,

Young Platform Team

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Young Platform on the FTX collapse

“FTX never passed Young Platform’s due diligence checks and we have never had any dependence on FTX. AUM are safe,” guarantees Italy’s largest exchange

The crisis affecting the FTX exchange was triggered by revelations concerning the balance sheet of Alameda, a company founded by CEO Sam Bankman-Fried

Turin, the 10th of November 2022 – The liquidity crisis that hit the FTX exchange, one of the largest in the world, has caused an earthquake in the cryptocurrency sector. However, it is one of a different nature than the collapse of LUNA at the beginning of the year. It is related to the particular condition of the companies FTX and Alameda Research.

The management model represented by Young Platform, Italy’s leading exchange community, differs markedly from what emerged from press reports concerning FTX and Alameda. This can be traced back to the managerial activities of Sam Bankman-Fried, founder and CEO of FTX as well as founder of Alameda. The latter company was dedicated to hedge fund and trading activities, and was also previously administered by Sam Bankman-Fried.

“FTX never passed Young Platform’s due diligence checks and we never had any dependence on FTX, so our clients’ Assets under management are safe. Moreover, the FTT token was not even listed on our platform, which means that no Young Platform client has lost money in connection with the FTX affair,” assures Mariano Carozzi, president of the Italian cryptocurrency trading platform, which has over one and a half million members.

FTX and Alameda Research were not as separate as advertised, according to news site CoinDesk, who had learned about Alameda’s balance sheet, causing solvency doubts to arise. This revealed that Alameda’s main asset was the FTX exchange’s token FTT, worth about $3.86 billion out of $14.6 billion in total assets.

Not only that, but the third largest asset was USD 2.16 billion of ‘FTT collateral’. This is therefore a huge component of the balance sheet, but what matters more is the quality of the asset. Not only did half of the balance sheet come from their own centralised entity, but it was linked to an illiquid token whose intrinsic value is almost impossible to calculate. Moreover, in the last period, the exchange had been active in acquiring companies in crisis. So, the balance sheet shows the consequences of these purchases, which may have been economically advantageous but financially very demanding.

“Young’s economic situation is very different, we have recently strengthened our capital endowment with a significant capital increase underwritten by leading Italian institutions, the working group and our business organisation. Moreover, we have never been attracted by financial transactions that, even if advantageous, were nevertheless risky”. This was highlighted by Andrea Ferrero, CEO of Young Platform, referring to the financing round led by Azimut in June and in which a pool of investors participated, including Banca Sella and United Ventures.

Young Platform represents a principled model for managing cryptocurrencies in a secure manner that is beneficial to customers and the company itself. The platform’s goal is to provide access to state-of-the-art crypto products while maintaining a conservative approach to business operations, security and financial resilience. This approach is also embodied in our choice of excellent partners, even at this difficult time for the market, such as our industry-leading custody service Fireblocks.”“Bitcoin is experiencing a moment of high volatility in the short term, but as an asset it does not change its intrinsic value and this makes us confident, despite everything,‘ Carozzi concludes. ‘In addition to the turbulence and inflation of the period, our industry has to deal with regulatory and normative uncertainties that still need to be remedied by institutions, in order to reward quality operators. The great virtue of cryptocurrencies so far has been their ability to learn from their mistakes and strengthen themselves accordingly. We believe that the best players will be rewarded in any regulatory and market environment’.

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Young Platform announces exchange launch at Lisbon Web Summit

Lancement de l'échange au Lisbon Web Summit

Yesterday, at the Lisbon Web Summit, Young Platform showcased its exchange, which will allow to buy and sell bitcoins and other major cryptocurrencies.

The Web Summit is the world’s largest technology conference, as it brings together the founders and CEOs of the industry’s most influential technology companies, fast-growing start-ups, ministers and experts.

With more than 70,000 visitors expected, including 1,500 investors and 2,000 journalists, the Web Summit is the perfect occasion to officially announce our signature product, the cryptocurrency exchange.

Our CEO Andrea Ferrero will tell you about the experience at the Web Summit live on Facebook.

Stay tuned: the Live streaming could begin at any time today!

On the occasion of the launch, the Young Ecosystem website has a new look! Discover it now!

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Campaign Target Reached (NOW OVERFUNDING) and Weekly Winners (Week 24)

The campaign target has been reached in less than 48 hours but the crowdfunding is still open!

Young Platform is proud to have reached its investment target (500,000 Euro) in less than 48h!

Over 285 investors trusted and believed in us, allowing us to raise over 500,000 Euro in less than 2 days!

An unbelievable outcome, and it’s all because of you!

Thanks to these funds, we’ll be able to speed up the development of our exchange.

This is not all: given the huge amount of requests, we decided to keep our fundraising open (this means we are in the OVERFUNDING phase)


In addition, to give thanks to everyone who believed in us, we intend to gift each investor with an extra 10% of YOUNG tokens, if we were to reach the next target, set to €750,000.

What does this mean exactly?

If, for instance, you invested €1,000, besides holding 100 shares of Young Platform, you already received 1000 Young tokens (YNG): if the campaign were to reach the new target of 750,000 Euro, you’ll be credited with an extra 10% of the investment (which is 100 Young).

So, at the end of the campaign, you’ll end up with 100 shares and a total of 1100 Young tokens! (still, if the campaign were to reach the total target of 750,000 Euro).

Once again, thank you to everyone in our Young Community, we are happy and proud to have a team like you to support and advise us on this journey.

How can I invest in Young Platform?

To invest in our equity crowdfunding campaign

To receive more info, write to [email protected]

Here are the winners of our weekly contest (Week 24) and their prizes in Young:

  1. Celestino Marini (20.00 YNG)
  2. Fabio Demicheli (13.33 YNG)
  3. Miguel Arteaga (8.89 YNG)
  4. Fabrizio Oliva (5.93 YNG)
  5. Donatella Maugeri (3.95 YNG)
  6. Sara Testa (2.00 YNG)
  7. Vince 1 (2.00 YNG)
  8. Nicola Ramella (2.00 YNG)
  9. Raul Pigliapoco (2.00 YNG)
  10. Rocco Morea (2.00 YNG)

Every Sunday at midnight the ranking will be reset, but the YOUNG (YNG) you collected during the week are always going to stay in your Wallet.

Thank you for your participation in our contest!

Keep on walking to earn YOUNG and move up the ranks!