LUNA 2.0 airdrop on Young Platform

Luna 2.0: airdrop and listing on Young Platform

Find out all the details of the LUNA 2.0 airdrop on Young Platform: the listing date, the amount of tokens and whether you’ll receive them

Before going into the details of the event, let’s pick up where we left off on the Terra (LUNA) affair.

In case you have been living as a hermit under a rock for the last 4 months: in May of this year the algorithmic stablecoin UST and LUNA collapsed, along with the entire DeFi ecosystem they were supporting, including founder Do Kwon.

Even the best traders and institutions had believed in the ambitious project and suffered huge losses as a result. Following the event, you may remember that we too had to urgently delist what is now LUNC.

In reaction to this crisis, a fork was announced that rendered the old Terra blockchain, and thus the old tokens and coins, obsolete. These took on the name ‘Classic‘, while the new chain and cryptos inherited the original name ‘Terra’, ‘LUNA’, and ‘UST’. The latter are also called ‘Terra V2‘ or ‘LUNA 2.0‘ to avoid confusion.

As is often the case with forks, there was also talk of an airdrop of the new LUNAs, and this is where we left off.

We can now finally reveal how the airdrop of the LUNA 2.0 crypto will work on Young Platform.

Who will receive the LUNA airdrop on Young Platform?

Is there a key word you need to know to take advantage of this airdrop? ‘Snapshot’.

Snapshot is the term commonly used to refer to the precise instant at which a “picture” of the status of the entire blockchain in question is ‘taken’ and is considered to be valid for deciding who is entitled to the drop or not.

Two snapshots were taken for the LUNA 2.0 crypto:

  • 7th of May at 14:59 UTC;
  • 26th of May at 16:38 UTC.

If you had LUNA on Young Platform at that time, you are entitled to receive LUNA V2.

How many LUNA 2.0s will you receive?

  • If you owned LUNA on Young Platform during the snapshot on the 7th of May, you will receive 1.034735071 LUNA2 for every 1 LUNA you held

The airdrop will then be at a ratio of 1 : 1.034735071

  • If you owned LUNA on Young Platform during the snapshot on the 26th of May, you will receive 0.000015307927 LUNA2 for every 1 LUNA you kept

The airdrop will then be in the ratio 1 : 0.000015307927

This means that if you held LUNA during both snapshots, you are entitled to both airdrops.

When will you receive the LUNA 2.0 airdrop?

On Thursday the 29th of September at 14:00 UTC, both LUNA 2.0 airdrops will be distributed to all eligible persons.

The LUNA 2.0 crypto will be available for storage and trading

Aficionados of the community will have understood this already from the title: it is an airdrop, but also a listing in its own right. 

As was the case with Ethereum Proof-of-Work: with this airdrop, we want you to be able to do all the things you need to do to make the most of this new crypto.

Also from Thursday the 29th of September at 14:00 UTC, you will be able to store, withdraw, deposit, buy and sell LUNA 2.0 with Euros, on both Young Platform and Young Platform Pro.

ETHW on Young Platform: Airdrop and Listing dates 

Good news for the Ethereum Proof-of-Work (ETHW) airdrop. Find out all the details on the listing and the Earning Wallet

In previous episodes on ETHW’s airdrop, we talked about the consequences of the Merge, but there were still many loose ends and events with unpredictable outcomes. Today we finally have the answers to these questions, but let’s proceed in order. ETHW is coming to Young Platform, find out about the airdrop and listing dates!

ETHW’s Airdrop is also confirmed for Earning Wallets

All’s well that ends well: our Earning Wallet provider was able to support the new ETHW coin. So even those who had ETH in their Earning Wallet during the 6:42 UTC snapshot on the 15th of September can now receive the ETHW airdrop.

To sum it up, you are entitled to the airdrop if:

  1. On the 15th September 2022 at 06:42 UTC, you had ETH in your Spot Wallet;
  2. On the 15th September 2022 at 06:42 UTC, you had ETH activated in your Earning Wallet.
  3. You deactivated the Earning Wallet functionality for ETH before the 15th of September 2022 at 06:42 UTC, but your ETH had not yet been transferred from the Earning Wallet to the Spot Wallet.

When will the ETHW airdrop arrive on Young Platform? 

If you match cases 1 and 3, i.e. if you had ETH in your Spot Wallet or you had ETH exiting your Earning Wallet at the time of the snapshot, you will receive the airdrop on Wednesday the 28th September at 2pm UTC.

But would this airdrop have any point if the coin was not also listed? This is why we decided to add ETHW to the exchange’s offerings so that if entitled you can freely choose what to do with your new cryptos.

From the 28th of September at 2 p.m UTC, you will be able to hold, withdraw, deposit, buy and sell ETHW. Trading will only be available in Euros. In other words, the only pair listed will be ETHW-EUR on both Young Platform and Young Platform Pro. 

If you match case 2, i.e. you had ETHs locked in your Earning Wallet at the time of the snapshot, you will receive the corresponding airdrop on Wednesday the 5th October at 2pm UTC. 

Now that you have noted all these important dates, let’s get down to business: how much ETHWs will you receive?

The answer is simple: for every ETH you owned at the time of the snapshot on Young Platform, you get ETHW in a 1:1 ratio.

The Telegram Community migrates to Discord

The Telegram Community migrates to Discord

Today, the Young Platform community is mainly on Telegram, but a more agile and secure space is now necessary. It’s time to switch to Discord!

This year, we have grown so much again. Not only in terms of people through to our users and team, but also in terms of product functionality: there are more and more things to talk about!  We are also beginning our European expansion, starting with France. This means that the Communication and Support teams will also speak more and more languages. It is therefore more necessary than ever to create a safe space where you can easily find help, and where we are able to host smooth and constructive exchanges between users and the team.

Therefore, the community will move from Telegram to Discord by the 24th of September.

Let’s find out what Discord is, and how this new Support and discussion platform for the community works.

What are Telegram’s issues?

There are three reasons why Telegram is not the right platform for our needs.

  1. The most important issue that makes Telegram not suitable for hosting the community is the fact that it is not protected against fake accounts and malware. Plus it is not possible to hide group members, so any malicious person can join the channel and write to members.
  2. It is not possible to sort the channel by topics or languages without fragmenting official communications. So, as the community grows, it becomes increasingly difficult to follow conversations and to find solutions without asking the admins each time.
  3. For these reasons, the channel must be ‘closed’ from 6.30 p.m. to 9 a.m. (CET) and on weekends.

Why is Discord the solution?

Discord is a web, mobile and desktop application: you can use it wherever you want.

Originating in the video game industry to facilitate team gameplay, it is now also used for remote work due to its rich offering of communication and sharing features. It is also very popular among crypto projects, who use this platform to host their communities.

By switching to Discord altogether, we can find a solution for each of the aforementioned points:

  1. On Discord, it is possible to verify the authenticity of profiles who join the server, thus avoiding access to scammers. Furthermore, each user can choose to block any private messages from other users and limit the conversation to public channels.
  2. You can customise the server with channels dedicated to specific languages and topics, therefore optimising the user experience.
  3. Thanks to these two features, Discord can remain active all day, every day.

How can I join Young Platform’s Discord server?

  1. Install Discord on your device, or open the web application and create an account with a secure password.
  2. Join the Young Platform server via this link:

https://discord.gg/mqkN8ZdUqy

  1. Click on the Start-from-here channel -en  and follow the instructions to verify your account with the captcha.bot (The Discord bot)

NB: If you already see the ‘#rules-en’ channel, you do not need to do the verification with the captcha.bot

  1. Read the server rules (do it, there are only a few!) and accept them

You will immediately see the complete list of general channels and those divided by product.

The general channels are under Information and Discussion, and in particular #general is dedicated to open discussion with all members of the Community on topics of common interest revolving around Young Platform. We would like to create a positive and useful discussion environment for everyone here.

Under each product you will find 3 types of channels:

  1. Announcements, where it is not possible to write messages, but only to read news
  2. Q&A, where it is not possible to write messages, but only to read answers to frequently asked questions
  3. Support, where you can write questions related to products if you cannot find the answer yourself

How can I use Young Platform’s Discord server securely?

Earlier we talked about fake accounts and security: like any social network, Discord is not free from this type of spam. Of course, verification via captcha is a fundamental primary measure to protect the server. To protect your account in general as well, you can automatically block the receipt of private messages and/or friend requests with the following steps:

  1. Go to Discord Settings, then go to Privacy and Safety
  2. Disable direct messages from server members
  3. Go to Friend Requests settings
  4. Deactivate friend requests from server members.

In general, to avoid scams or malware, it is recommended to:

  • never accept friendship requests from people you do not know
  • never click on links you do not recognise
  • not click on any links that have not been sent by a staff member or that are not on official information channels

If you have security-related problems or concerns, please contact our official support service.

How will the transition to Discord take place?

As of today, Discord will be dedicated to all articulated support requests, i.e. those that require a conversation. Examples of articulated requests are technical problems or bugs.

It will still be possible to receive answers to simple support requests on Telegram, i.e. through questions answered by a single reply. Should the answers prove to be more articulate than expected, you will be redirected to Discord.

From the 24th of September, Telegram will become a business announcement channel exclusively, completely excluding active interaction with the community. It is emphasised that Young Platform’s official support tickets will continue to be the reference for more complex issues and will be the only channel for cases requiring the disclosure of sensitive data, e.g. concerning your account or your person.

Join the Young Platform’s Discord!

Young Platform: new €16 million investment round from Azimut

The fintech company Young Platform closes a €16m investment round led by Azimut to simplify and expand the access to the world of cryptocurrencies

Milan, 13 June 2022 – Azimut, one of the leading independent asset managers in Europe with over EUR 83 billion total assets, participated as lead investor in the EUR 16 million capital increase of Young Platform, an Italian fintech platform that simplifies the access to the world of cryptocurrencies.

Among Italy’s leading fintech scale-ups, Young Platform aims to simplify the access to the world of cryptocurrencies through a digital product platform and intensive educational and popularization activities on blockchain technology and its applications. Among the top three cryptocurrency trading platforms in Italy with 36% market share, the company had over 1 million users at the end of the first quarter of 2022, equal to 11 times the previous year’s volumes. It aims to become a smart digital bank with a focus on new digital services. 

Azimut’s EUR 11 million investment was made through a consortium formed by the Digital Asset Opportunity Fund VCC, launched in collaboration with SBI and SYGNUM, the Azimut Digitech Fund created through a partnership with GELLIFY, and the Luxembourg-based vehicle Azimut Direct Investment Young Platform SCSp. This allowed the Group’s High Net Worth (HNW) customers, served by the network of financial advisors and wealth managers in Italy, to gain exposure to a constantly growing sector.

A pool of investors including Banca Sella, United Ventures and Abalone Venture also participated in the Azimut-led round to support the international expansion of Young Platform.

The cryptocurrency market almost tripled its capitalization in 2021, from $772 billion on the 1st of January to $2.19 trillion on the 31st of December (CoinMarketCap data) and is entering a new phase of development with growing interest from retail investors, as well as institutional investors. In particular, young Italians are among the most enthusiastic in Europe with 14% between the ages of 18 and 34 stating that they have bought or sold cryptocurrencies. Globally, more than a third of millennials believe cryptocurrencies will soon replace cash and cards (Deutsche Bank data).

The new capital investment will support Young Platform’s development plans, starting with the expansion of the team, from 41 to 110 members by the end of 2022, and geographic expansion into new markets such as Spain and France

Giorgio Medda, Chief Executive Officer and Global Head of Asset management & Fintech at Azimut Group, comments: “Despite the volatility, cryptocurrencies are emerging as a new asset class reflecting a new digital dimension of the economy that will be increasingly significant for generations Y and Z. Young Platform has developed crypto exchange capabilities in combination with gaming and educational verticals that are particularly valuable as we plan to grow a market segment for a new generation of investors who are looking to the future with financial perspectives based on non-traditional instruments. The Young Platform team uniquely combines technological capability and vision. From our perspective as global venture capital investors, with the experience of SBI and the support of GELLIFY, we believe there is great potential for its development in the European markets. This investment aims to be the cornerstone for the development of joint projects through which we can integrate blockchain and decentralized finance into our asset management platform as new investment and operational opportunities in the digital transformation of our industry, transcending market dynamics in the short term.”

Andrea Ferrero, CEO of Young Platform, comments: “We want to help people seize the new opportunities that technology offers to the world by attracting the best talent from technology and finance, or any other industry where the smartest people in the world are to be found, and grooming them to be innovative in this new industry. There are no defined rules in this industry, which means we can help write them. This is a huge chance that requires extremely creative problem solving and a true desire to change the status quo in every aspect, from marketing to tech to customer support and design.”

Read the article on TheCryptNews

1 million YNG Tokens bought in the first 4 days of the Community Sale

After only 4 days of the Community Sale, 1 million YNG have already been purchased!

Today we celebrate a great achievement and take a moment to thank you and the entire Young Platform community for your support and trust in this great project of ours: the launch of the YNG token on the market! 

The Community Sale has been active since the 10th of May

Before the official listing scheduled for 31 May 2022, Young Platform organised a special sale for its community. From the 10th of May, you can buy YNG in advance and enjoy a number of benefits. Those who bought these YNG 1 million, did so with no fees and at a fixed price of €0.24 per token. They also received cashback (for a spend of €200 or more). Not bad, eh? Want to be one of YNG’s early adopters? You still have time until 24 May. 

How many YNGs have already been sold? How many are in circulation?

Young Platform’s tokenomics forecast a maximum circulating supply of 100 million, of which 1 million were sold in 4 days of Community Sale. Despite the sheer size of the figure achieved, YNG’s market adventure has only just begun!

Brace yourself, the news is not over!

YNG is a 100% European project, and Young Platform is proud of all the enthusiasm it is generating. A passionate community is the litmus test of a solid project. From the desire to enhance and reward our community, Clubs were born. Packages of discounts and unmissable benefits will soon be accessible by blocking certain amounts of YNG. The Clubs will be available from 31 May, at the same time as the launch of the Young token on the market.

Terra LUNA delisted from Young Platform

Following previous communication, Terra LUNA has been delisted from Young Platform.

After falling below 0.0055 USDT, LUNA’s EUR and USDT pairs and markets have been removed from the Young Platform and Young Platform Pro exchanges.

If you are a Pro user and at the time of delisting you had open limit orders, they will be closed automatically and you will be refunded the balance blocked in the order.

As a reminder, delisting means that it’s no longer possible to deposit, buy and sell LUNA, but withdrawal of the cryptocurrency to other wallets will of course remain enabled.

“Cryptocurrency withdrawal” means transfer via blockchain to another address on the blockchain, be it a wallet on a USB stick, a web wallet such as Metamask or another exchange. It, therefore, does not imply conversion into Euros or Tether, which is already impossible

Possible removal of Terra LUNA from Young Platform

Due to the current collapse in the price of Terra LUNA, we may have to delist the cryptocurrency.

We have therefore decided as a precautionary measure to remove it from the Young Platform and Young Platform Pro exchange offer once it reaches below USDT 0.0055.
In this case both available pairs would be removed: LUNA-EUR and LUNA-USDT.

If you are a Pro user and at the time of any delisting you have open limit orders, they will be closed automatically and you will be refunded the balance used in the order.

Delisting means that you will no longer be able to deposit, buy and sell LUNA, but withdrawal of the cryptocurrency to other wallets would of course remain enabled.

“Cryptocurrency withdrawal” means transfer via blockchain to another address on the blockchain, be it a wallet on a USB stick, a web wallet such as Metamask or another exchange. It therefore does not imply conversion to Euro, which will be disabled..

Other useful information will be announced shortly.

Always remember that past earnings are not indicative of future returns. The information provided here should not be considered as financial or investment advice by Young Platform. All trading strategies are used at your own discretion and risk. Young Platform shall not be liable for any losses arising from the use of LUNA.

FAQ: Young Platform Clubs

How do the Clubs work? FAQ about the YNG token

Here are the Young Platform Clubs: packages of exclusive benefits and opportunities. Got doubts? Here is the FAQ!

Along with its market listing, the YNG token is introducing another new feature at Young Platform: the Clubs. They can be accessed by blocking a certain amount of tokens, and membership entitles you to discounts and promotions. What are Clubs? How many YNG do I need to block? How can I join? These and other questions are answered in this article. Welcome to the Young Platform Clubs FAQ!

Here you’ll learn:

  • What are the Clubs?
  • What are the main benefits?
  • How does signing up for the Clubs work?
  • How Clubs and staking intersect

The benefits

What are the Clubs?

Clubs are the evolution of the proportional discount plans given by holding YNG.

They are packages of advantages that are accessible by blocking YNG from the 31st of May*. The more YNG you block, the greater the advantages and the higher the Club level you’ll get.

What are the main advantages of the Clubs?

There are three main advantages expected immediately:

  • Discounts on buying and selling fees
  • Increased rewards in your Earning Wallet
  • Increased rewards in Airdrop events (cf. Sandbox)

My staking reward has not been increased, why is this?

If you already had active staking before joining the Club, with or without Auto-renewal, they will not be affected by the annual percentage increase. Even if you Auto-Renew a stake after joining the Club, it will still have the standard percentage.

To get the percentage increase, stakes will have to be terminated first. When you open a new stake it will have the corresponding increased APY if you are still in the Club.

If I already have a discount on fees, what discount will I get by joining a Club?

If you already have an active fee discount and you join a Club, you will only benefit from the higher discount of the two.

If I have enough YNG to upgrade my Club level, but my membership is not yet expired, how do I do that? 

If you have enough YNG to advance to the next club, you can do so even if your 90 days of membership are not yet up. You only need to block the missing YNG to move up a level. For example, if you want to upgrade from Silver to Gold, you only need to have 5000 YNG to block in your membership, as you already have the other 5000.

To make this upgrade, click on the sign up button for the next club. From the moment you confirm it, your new Club membership will last at least 90 days. 

On the other hand, it is not possible to unlock YNG before the end of a membership to downgrade to a lower club.

Do the fee discounts given by the Clubs also apply to Young Platform Pro?

Yes.

Sign-up process

When does club membership expire?

You can join a Club at any time. Membership lasts for a minimum of 90 days, after which you can cancel it if you do not want to remain in the Club automatically.

What’s the minimum amount required to access a Club? 

You need to block at least 1500 YNG to access the Bronze Club.

Can I use blocked YNG tokens to join a Club?

No, only free YNG tokens that are useable within the Step Wallet can be used for Club membership.

When can I start signing up to Clubs?

From the 31st of May*.

How do I sign-up to a Club?

From the 31st of May* onwards, in the Club section of the Young Platform app, you will see the option to sign up and block the YNG tokens needed to access the Club you want. Membership lasts a minimum of 90 days.

Are Clubs also available on the Pro version?

No, the feature will only be available on the basic app.

How can I renew my membership?

After 90 days of mandatory membership, if you do not deactivate your membership manually, your membership will automatically be renewed.

Cancelling my membership

How can I cancel my Club membership?

You can only cancel your membership after 90 days. In the Club section of the Young Platform app, you will see the option to cancel your membership in a few simple steps.

What happens after I cancel my Club membership?

  1. Your blocked YNG will automatically be transferred to your Step wallet.
  2. You will lose all your Club benefits, as well as the ones from lower levels. Fees and staking rewards will return to standard level.
  3. If you have an active stake with an increased percentage from your Club, you cannot leave the Club if you have not waited until the end of the staking period or cancelled the stake (thereby also losing the reward).

*Dates may be subject to change because of delays caused by third parties involved in the process.

Your exchange opens its doors to the Community: here come the Clubs!

Community Sale Chapter 2: after Cashback, today we discover how Young Platform’s Clubs based on the YNG token work. Here are all the advantages!

On the 10th of May, we launched the Community Sale of the YNG token to allow Young Platform enthusiasts to play ahead of the rest of the market before the 31 May listing.

We have introduced the Cashback mechanism on YNG purchases over €200 and reconfirmed the fixed price of €0.24 until the 24th of May.

But Cashback is not the only advantage of the YNG Token: we have another card to play!

These are the Clubs, exclusive packages for token holders to experience the world of Young Platform even more intensely. It’s time to find out how they work and what benefits they bring!

What are the Clubs and how do they work?

Imagine experiencing Young Platform like a celebrity. Discounts, promotions and exclusive benefits at your fingertips. Imagine being part of an inspiring community and being in direct contact with the team at your favourite exchange. If only you could count on personal attention and five-star support. 

No need for daydreaming, the Clubs are coming to fulfil your fantasies! 

The crypto project of the moment decides to do an airdrop in collaboration with Young Platform? Perfect, you will receive a bonus on the tokens distributed!

Want to stake your cryptocurrencies? Great, your rewards will be increased and your assets won’t just gather dust!

So if you want the ultimate crypto experience on Young Platform, don’t miss out on the Clubs. These are packages of benefits that will be accessible from the 31st of May* by locking the YNG you own or buy. The more YNG you lock, the more benefits you will get and the higher your Club level will be.

Accepting the invitation to the Clubs also means actively contributing to the growth of Young Platform: in an ecosystem, as in a community, the success of one part is the success of all!

What are the advantages of the Clubs?

There are 3 main advantages available immediately:

  • Discounts on buying and selling fees 
  • Increase in rewards received via the Earning Wallet
  • Increase in rewards received during Airdrop events This is just the beginning – there will be more and more benefits in the future! (see Sandbox)
young clubs

How do I join the Clubs?

The Clubs are already visible from the 10th of May on Young Platform, but you can only sign up from the launch of YNG on the market, on the 31st of May*.

Only YNG from your Step Wallet can be used to join a Club, i.e. not locked YNG.

The minimum subscription period – and therefore the blocking of YNG used to join – will last 90 days.

After these 90 days, you can decide to unsubscribe and unlock the YNG, or stay subscribed and leave the YNG locked for as long as you want. 

Do you have more questions about how Exclusive Clubs work? Here are all the answers you need!

*Dates may be subject to change because of delays caused by third parties involved in the process.

Discover what YNG is, Young Platform’s community token!

yng token

The Young Platform token can be purchased in advance thanks to the Community Sale. Find out what YNG is and how it works!

We’re excited to introduce YNG, Young Platform’s token! With our Community Sale, we want to give you the chance to buy the token in advance, before the official launch. What’s the advantage of the pre-sale? To reward those who have always believed our exchange, you’ll get up to 15% cashback during the Community Sale. All without commissions! What’s more, for the duration of the Community Sale, the token price will remain locked at 24 cents. Find out what YNG is and how it works!

A token compatible with Ethereum

A token is a type of cryptocurrency that’s based on a blockchain external to the project that developed it. This means that Young Platform does not have its own blockchain, but has decided to create its YNG token on Ethereum, using its ERC-20 standard. Ethereum is one of the longest-running and most famous blockchains in the crypto world, and is used extensively for the creation of new tokens. The ERC-20 standard is among the most secure and widely used, and is the protocol of choice for cryptocurrencies of all types such as Chainlink, Tether and BAT. One of the features of the YNG token is therefore its compatibility with Ethereum! 

A community-token for a community-driven project

One of the cornerstones of Young Platform is its focus on the community. Thanks to YNG, everyone can enter the world of blockchain! The token allows you to not only be a passive spectator of the crypto world, but to become part of a technological ecosystem that is developing right now, before our eyes. You can earn rewards in YNG by studying and testing your knowledge on Young Platform Step, or you can unleash your inner trader by trading the token on our exchanges. Or you can enjoy exclusive bonuses reserved for those who block a certain number of YNG tokens in their Wallet. Whichever path you choose, with YNG you’ll have front row seats to watch this technological revolution with like-minded people!

Not only for expert traders!

After the end of the Community Sale, the official YNG listing will follow. What does this mean? It means you can unleash your inner trader and trade the Young token just like you trade Bitcoin and Ethereum! The price will no longer be locked at 24 cents but will be decided by the market, so take advantage of the cashback and fixed price to get a head start. Even if you’re new to trading, you’ll find the Young Platform services to be as simple and intuitive as you need to get started. 

But the news about the Young (YNG) token doesn’t end there. Buying and locking YNG will provide you with fantastic benefits to give you a tailor-made experience in the crypto world. Want to know more? All will be revealed tomorrow!

In summary, the YNG token reflects all the characteristics and ideals of Young Platform. The search for proven and reliable technologies, such as Ethereum, to promote a secure and certified experience. The focus on ensuring straightforward and no-nonsense services, to learn crypto by going straight to the point. But above all, the centrality of the community and the desire to reward its loyalty!

Now that you know what the YNG token is and how it works, why not be one of the first to join us in the Community Sale? Share your passion for cryptocurrencies and join Young Platform!