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FAQ: YNG token community sale 

FAQ: How does the community sale of the YNG token work?

The YNG token Community Sale allows you to pre-purchase YNG while saving money and earning bonuses. Having doubts? Here’s the FAQ! 

Today, the 10th of May, the Community Sale of the YNG token has begun. The big news has been unveiled: YNG will be released into the marketplace at the end of the month. Young Platform has organised a pre-sale for all those who want to buy YNG before the market launch, and you are entitled to a number of benefits. Welcome to the Community Sale FAQ!

What is the Community Sale and how long does it last?

The Community Sale is a period of time during which our users are given the opportunity to purchase our proprietary YNG token at advantageous conditions (Cashback, 0% commission and fixed price): it will last from 10 to 24 May 2022.

How much does the YNG token cost?

During the community sale, one YNG is equivalent to 0.24€. 

Are there fees for buying YNG?

No. During the Community Sale, no fee is charged for the purchase of YNG.

Is the cashback an offer valid for all?

Yes, anyone can obtain the cashback reward, by buying at least 200€ worth of YNG. The offer is valid for new as well as old users.

What’s the minimum amount to obtain cashback for buying YNG? 

You need to make a purchase equivalent to at least 200€, or 834 YNG.

The general minimum purchase amount is only 10€ of YNG, however you will not receive cashback for a purchase worth under 200€

In what currency will I receive the cashback?

In YNG.

How long will the YNG I get from cashback be blocked?

90 days from the day you made the corresponding purchase. If you make more than one purchase, you will see the differentiated expiry date for each cashback received.

Is purchasing with Cashback also possible on Young Platform Pro?

No. You can only receive Cashback by purchasing on the web and mobile (app) version of Young Platform in its basic version.

What will happen after the Community Sale?

After the 24th of May, the buying and selling of the Young token (YNG) will be blocked – until the 30th of May*. After that YNG will be launched on the open market and potentially listed on other exchanges, then the price will start to change according to the law of supply and demand. At launch, the buying, selling and trading of the token will be simultaneously rehabilitated. 

What happens on the 31st of May*?

The Young token (YNG) will become like any other token on the market, i.e. volatile. Starting from the price of €0.24, depending on the supply and demand of users, i.e. how much is bought, purchased or held, the price could rise or fall.

When can I sell YNG?

From the 31st of May* onwards.

What are the technical characteristics of the YNG token?

Young (YNG) is a token, and more specifically an ERC-20 token, i.e. based on Ethereum’s standard protocol token. This means that it is compatible with Ethereum’s entire ecosystem of wallets, blockchains and Dapps.

The role of YNG within the Young Platform ecosystem is that of a utility token, i.e. a token that, in addition to having a price, only has added value within the product system for which it was created, offering a series of specific advantages and use cases. 

Is whitepaper for YNG available?

The whitepaper will be available the day of market launch, on the 31st of May*.

If I already have blocked tokens from the 2019 crowdfunding, how do I distinguish them from blocked tokens for the community Sale?

If you are a 2019 crowdfunding investor on Seedrs, within the “Locked YNGs” section you will see an amount labelled “Crowdfunding” and other amounts labelled “Community Sale” with different expiry dates.

Can I convert YNG to other cryptocurrencies?

No, it will only be possible after the market launch, if pair listings with other cryptocurrencies occur.

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

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Buy the YNG token to claim Cashback and advantages

YNG Token: 3 reasons to buy it now

A preview for the community: the Young Token (YNG) for sale with exclusive benefits

A new chapter in the history of the YNG token starts here: YNG will be launched on the 31st of May 2022*! Yes, Young Platform is ready to take the plunge and introduce its token to the entire crypto world. All signs point to market listing, so raise your hand if you guessed right! What does “entering the free market” mean for YNG? It will be able to be bought, sold and transferred on any exchange and blockchain that supports it.

Young Platform wants to celebrate this milestone first and foremost with our users, so before the official listing there will be a special Community Sale where you can buy YNG with exclusive benefits. The Community Sale starts today, Tuesday 10th May and ends on Tuesday 24th May. Check out all the details and bargains waiting for you!

What do I need to know about the YNG token before I buy it?

  • It’s an ERC-20 token, so it’s compatible with the entire Ethereum ecosystem (also Layer2)
  • It’s a utility token, i.e. it is designed solely to have utility within the Young Platform ecosystem. It does not represent shares in the company.
  • Until the 31st of May* it will not be possible to sell YNG

Take advantage of the fixed price of the YNG token

The first opportunity you should not miss is the chance to buy YNG at its fixed price of 0.24€. The Community Sale will be the last time the price of YNG will remain unchanged, after listing and entering the market, the price of YNG will start to fluctuate according to supply and demand. To make it very simple: the less people sell and the more people buy, the higher the price – conversely, the less people buy and the more people sell, the lower the price.

You know what the beauty of it is? These people are you. It’s you and the community that determines the performance of YNG, the same people who have the opportunity to buy it in advance. It’s safe to say that YNG is a community-driven token!

What are the advantages of buying YNG before 24 May?

Bargains are not limited to the fixed price. Your support during this milestone for Young Platform is very important, and we want to reward it as it deserves. Here are the 3 great advantages of participating now (expires 24 May):

  • YNG will keep its fixed price at 0.24€. 
  • Commissions on the purchase of YNG will be reduced to zero.
  • If you buy more than 200€ of YNG you will receive Cashback in YNG

How does Cashback work?

If you purchase the YNG Token between the 10th and 24th of May, you will receive a percentage of YNG in Cashback based on the amount you purchased in Euros.

This offer is valid for all: those who signed up a while ago as well as new users.

YNG Token: 3 reasons to buy it now

From the minimum purchase amount of 10€, up to 199€, you will not receive cashback.

The cashback obtained will be credited immediately to your Young Wallet (YNG), within the “Locked YNG” section.

The cashback in YNG will be blocked for 90 days, i.e. it cannot be sold or transferred for 90 days, after which it must be manually unlocked..

For every single purchase you make, you will see a cashback blocked in this section on the exchange, each with its own clearly marked expiry date.

For all details, check the dedicated FAQ!

Fixes prices, zero commissions and cashback: this phase is the perfect opportunity to get the most out of your favourite crypto exchange.

The launch on the crypto market is a momentous step in Young Platform’s history. YNG was first distributed through an Airdrop on Step in 2018, with over 1 million YNG issued to the initial community during the first year. From 2020, onwards YNG could be bought and sold at a fixed price on the Young Platform exchange, and this introduced its first utility: providing a discount on buying and selling commissions.

With the launch of its token in the market, Young Platform becomes a full-fledged crypto ecosystem. And YNG is the key that unlocks its full potential. Are you ready to invade the crypto sky with us, in a flock of early adopters?

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

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Axie Infinity (AXS) lands on Young Platform!

Axie Infinity (AXS) listing on Young Platform

AXS, the token for playing and earning on Axie Infinity, is now available on the Young Platform exchange.

Gaming is one of the branches of the blockchain industry that is contributing to the popularity and spread of cryptocurrencies. One of the most popular and widely used video games on blockchain by gamers around the world is Axie Infinity, a play-to-earn Metaverse launched in 2018 that earns AXS through challenges and quests. You can now purchase the AXS token on Young Platform and Young Platform Pro!

What is Axie Infinity?

Axie Infinity is a blockchain game that uses the Ethereum infrastructure. The way it works is very similar to video games where you receive “gold” for completing specific actions, but in the case of Axie Infinity the tokens obtained are cryptocurrencies and their value does not just limit itself to within the game dynamics.

The protagonists of the Axie Infinity games are the Axies, fantasy-like NFT monsters that live in the Lunacia universe. In order to take part in the game experiences in the Metaverse, you must have at least one Axie. Axies must be bred and can fight each other in Arenas, with most player rewards coming from the success of these two actions. 

What is AXS?

AXS is one of the two tokens on which the internal economy of Axie Infinity is based, its name stands for “Axie Infinity Shards”. The second token in the Metaverse is called Smooth Love Potion (SLP), both of which are ERC-20 tokens. 

AXS is the “glue” that holds all members of the Axie Infinity community together, it can be used for staking, in-game payments and to participate in project governance by proposing updates or improvements. Axie Infinity players earn AXS as rewards for completed missions and reuse them to maintain their Axies. 

Why did we choose AXS?

On Axie Infinity you can also experiment with a range of decentralised finance services. In fact, the original intent of its developers was to bring people closer to DeFi through a fun platform. An educational mission that we at Young Platform fully share! With Axie Infinity you can try your hand at staking, decentralised NFT lending and the mechanics of a real DAO. 

Which pairs are available for AXS?

  • EUR-AXS

Want to know more?

Read the Academy article dedicated to Axie Infinity!

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Fantom (FTM) lands on Young Platform!

fantom

From today, FTM – the token of Fantom, a scalable platform suitable for designing dapps – is available on the Young Platform exchange

Yet another Ethereum Killer? Fantom aims to be much more! Its unique consensus mechanism guarantees speed and scalability. Discover FTM, the new cryptocurrency on Young Platform! 

What is Fantom?

Fantom is a blockchain platform ideal for developing any kind of dapp. Its network consists of a main layer, called Opera, and many independent satellite chains linked to each other and to the “mother” layer, whose security and speed they exploit. Fantom is therefore a multichain, modular and interoperable network. On Fantom, you can build customised chains and dapps for any requirement. The strength of this blockchain is its scalability and speed, with Fantom processing more than 10,000 transactions per second. 

Fantom has been operational since 2019 and is designed as an alternative to Ethereum. Opera’s consensus mechanism is called Lachesis and it combines Proof-of-Stake with DAG. This optimises the recording of information by the network nodes and, by eliminating irrelevant data, speeds up the processes of the entire system. 

What is FTM?

FTM is Fantom’s native coin and has several functions. FTM is used for staking, which ensures the functioning of the blockchain itself, and to manage the governance of the project. In general, FTM is used to make transactions, pay network fees and use all DeFi services offered by the ecosystem. From NFT “minting” to yield farming operations.

Why did we choose FTM?

Fantom’s network is constantly expanding thanks to the numerous projects that choose it as their basic infrastructure and ecosystem. There are currently more than 200 dapps active on Fantom, including Solidly – created by Andre Cronje, the legendary “godfather” of DeFi – and Stader, which allows liquid staking of FTM. In general, Fantom hosts several state-of-the-art solutions in the field of decentralised finance. 

Which pairs are available for FTM?

  • FTM-EUR
  • FTM-USDT

Want to know more?

Read the Academy article on Fantom!

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Amounts for Card Deposits have increased

The maximum amount allowed to deposit by credit or debit card on Young Platform has changed.

How does the card deposit work?

Depositing by credit, debit or prepaid card via Visa or Mastercard is a deposit method only available in Italy for cards issued in Italy.

This is one of the instant credit methods, along with Satispay. Instant transfer and cash recharge can take up to 15/30 minutes.

What changed?

You can now deposit up to €1500 in a single card transaction, instead of €250.

Within a 7-day period, you can deposit up to a maximum total of €3000 by card, while there is no longer a daily limit.

In the case of Cards, these limits apply to all Account Levels without distinction, whether you have only completed the Level 1 identity verification, or the following.

In fact, it is only in the case of Bank Transfers that limits depend on Account Levels.
You can consult the limits and fees for other deposit methods on this page.

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Ankr (ANKR) lands on Young Platform Pro!

Ankr is the protocol that makes Web3 accessible to everyone. Now its ANKR token is available on Young Platform Pro!

The Ankr protocol has many features and is suitable for those who want to develop and explore the potential of Web3 and DeFi. This Young Platform Pro listing takes you on a tour of its native token: ANKR. 

What is Ankr?

Ankr is a protocol that started in 2017 as a decentralised cloud computing network (DCCN). However, today its uses have multiplied, in particular, Ankr aims to facilitate the use and development of Web3 with different blockchains. Ankr’s flagship service is related to the opening of nodes in a network. Thanks to Ankr, the barriers to becoming a node are reduced and the creation of business models, applications and strategies based on staking or validation is facilitated.

Ankr offers a range of APIs and development tools for programming on all major Layer 1 and Layer 2 blockchains.

A more specific Ankr solution is staking. With Ankr it is possible to become a staking provider by simply offering one’s own computational power to Ethereum nodes, or staking as a user with only 0.5 ETH and receiving rewards in aETH, a token tradable on Uniswap. This solution stems from the need to make participation in Ethereum 2.0’s Proof-of-Stake more accessible, which requires at least 32 ETH to be blocked.

This mechanism also applies to other staking protocols, whereby Ankr makes it possible to obtain rewards from tokens used in staking and at the same time be able to use them, through so-called “liquid staking“.

What is ANKR?

ANKR is the utility token and governance token of the protocol. It can be used with both the Ethereum standard, ERC-20, and BEP-20, the BNB Chain standard.

Its utility in the network is transactional, in fact it is the payment currency that users need to access services offered by providers in the decentralised network. The token can also be staked to contribute to the network and/or receive rewards. Ankr also has a DAO, in which any ANKR owner can participate to support the decentralised governance of the project.

Why have we chosen ANKR?

Ankr offers a reference infrastructure to DeFi users, dapp developers and professional stakers alike. It thus manages to overcome the current limitations of blockchain and make it accessible, without sacrificing decentralisation. 

Chandler Song, along with two fellow UC Berkeley students, decided to found Ankr following his experience at Amazon Web Services (AWS), with the aim of decentralising cloud computing. But Ankr has not limited itself to this and has been able to adapt to the new technological demands of the rapidly changing market, developing solutions for Web3. 

Pairs available?

  • ANKR-EUR
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Kusama (KSM) lands on Young Platform!

kusama

New listing on Young Platform! Here is KSM, the token of Kusama, the blockchain for those who want to test the Web3

From the developers of Polkadot, from the co-founder of Ethereum, from the technology of the Web3 Foundation, here’s Kusama! From today on Young Platform you can buy KSM, the token of the blockchain known as a sandbox for developers of decentralised projects.

What is Kusama?

Kusama is a blockchain born in 2016 as an experimental version of Polkadot. The goal of its developers was to have a network with a token that was actually on the market in order to test dapps or updates, and then to bring them to Polkadot. It is precisely because of this testing function that Kusama is called a “canary network”, referring to the scouting role of canaries used by miners to detect harmful gases in mines. 

Although it is independent of Polkadot, Kusama shares its basic code and, like Polkadot, is defined as a Layer 0 blockchain on which to build parachains and parathreads. Compared to Polkadot, Kusama is a lighter and faster blockchain designed for the development of decentralised projects.

What is KSM?

KSM is the native token of the Kusama blockchain. The KSM token is mainly used for staking on which the blockchain’s consensus mechanism, the Nominated Proof-of-Stake, is based. According to this mechanism, block validators are appointed based on the amount of KSM being staked. The token is also used to vote on network governance and to connect parachains and parathreads to Layer 0.

Why have we chosen KSM?

Like Polkadot, Kusama focuses on a key feature of Web 3.0 blockchains, namely interoperability. Together the two chains form an ecosystem focused on scalable and secure technology development. In fact, Kusama is perfect for experimenting with the potential of Polkadot in a cheap and fast way. Kusama is much more flexible and sets less strict rules for developers. Once you are fully operational on Kusama, you can get going on Polkadot!

Which pairs are available for KSM?

  • KSM-EUR

Want to know more?

Read the Kusama Academy article out tonight!

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The Graph (GRT) lands on Young Platform!

the graph

The secret weapon of all dapp developers? The Graph, the protocol that makes data on the blockchain quickly available. Now on Young Platform!

GRT, the token utility of The Graph, the protocol that encourages and facilitates the creation of dapps for Web3, is now available on the Young Platform exchange. 

What is The Graph?

The Graph is an open-source protocol to collect and make accessible blockchain data in a decentralised manner. One of the strengths of the blockchain is that the information circulating between blocks is public, however, even if this data is accessible to everyone, retrieving it can be complicated. There are two ways to find a piece of data on the blockchain, the first is to look through the entire history of the chain (a very long process), the second is to use blockchain explorers. These tools, however, such as Etherscan, are software owned by companies, centralised entities that require a licence. The third way is The Graph, called by many the “Google of blockchain“. 

The Graph works as an index for the Web3, it is a registry of ordered and easily findable data active since December 2020. Why is it so useful to have this kind of data at hand? Because developers can use it to build performing and complex decentralised applications. The Graph protocol was created with the aim of facilitating their work: companies using The Graph make their data, their APIs and their programming tools readily available. In this way, data useful to other apps is decentralised and easy to find, which makes the apps faster and therefore more user-friendly. 

What is GRT?

GRT is the utility token of The Graph. GRT is an ERC-20 token, built on Ethereum, which will be used for governance and in the internal economy of The Graph. 

The collection of information and its organisation is the work of different players: there are indexers who index the data or curators who select the most significant data. But also delegators, fishermen and arbitrators. They are incentivised to do their job better through rewards in GRT. On the other hand, users who want to access the data collected by The Graph pay fees in GRT. 

Why have we chosen GRT?

The Graph is a crucial tool for building a decentralised version of the internet, where information is the building block, the essential base from which to build. The Web3 needs resources like these that encourage all those who have an idea and want to implement it on blockchain. There are already many dapps using The Graph’s protocol, including Decentraland, Uniswap, Sushiswap and ENS. 

Available pairs?

  • GRT-EUR
  • GRT-USDT

Want to know more?

Read the Academy article on The Graph!

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Algorand (ALGO) lands on Young Platform!

Algorand ALGO arriva su Young Platform

From today on Young Platform and Young Platform Pro, you can buy ALGO, the Algorand token, the environmentally friendly and scalable blockchain.

Young Platform’s exchange welcomes ALGO! If you’re not already familiar with Algorand and all its features, this listing is the perfect opportunity to find out if it’s the blockchain for you!  

What is Algorand?

To understand what Algorand’s blockchain is made of, we can focus on two concepts: decentralised finance and the scientific study of blockchain. The first aspect tells about its main applications, in fact, more than 600 global organisations use Algorand’s tools to offer financial services or protocols and dapp for DeFi, decentralised finance. 

The second describes a distinctive approach of Algorand, namely its close ties with universities and academia. The blockchain team is made up of leading research figures and Algorand’s founder, Silvio Micali, won the Turing Award in 2012 for his studies on cryptography. 

Algorand is also an environmentally friendly blockchain, its consensus mechanism, the Pure Proof-of-Stake, requires a reduced amount of energy and in general, Algorand is committed to zero environmental impact. 

What is ALGO?

ALGO is Algorand’s native token and has huge importance in the working mechanisms of the blockchain and its services. First, all Algorand nodes must have staked a certain amount of ALGO to validate transactions, which is the first major function of the token. What is ALGO also used for? To pay network fees and hosted protocol services, and participate in blockchain governance. 

Why have we chosen ALGO?

Algorand has been chosen by many fintech companies, start-ups and institutions as a technology base on which to build their projects. Since it also involves centralised institutions, it seems to be a bridge between classic and decentralised finance. By connecting these two worlds, each with its own needs, Algorand is the right place to build innovations. Moreover, the enormous growth of this blockchain is supported by its community, which ensures that everything is in line with Algorand’s long-term vision of the future of finance. 

Available pairs?

ALGO-EUR

Want to know more?

Read the Academy article dedicated to Algorand!

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7 rules to secure your cryptos on Young Platform

sicurezza young platform

Security is very important to Young Platform, which is why we create content and features to help you properly guard your cryptocurrencies.

We’ve put together this handy checklist to help you make sure you’ve completed all the necessary steps to secure your Young Platform account. If you don’t know how to do this, the guides will explain all the steps in a simple way.

Your Security Checklist

1.  A unique, complex and hard-to-guess password

Scegli una password non legata in nessun modo alle tue informazioni personali, come ad Choose a password that is not linked in any way to your personal information, such as your date of birth or your children’s names. Also, use a unique password that you don’t use for other accounts. Read the guide.

2.  2-factor authentication

2-factor authentication is one of the most robust security systems we have today for managing our accounts on the internet. If you haven’t set it up yet, go to the Guide.

3.  Set up a PIN or FaceID

Make your account even more secure by setting your Face ID or PIN to access the Young Platform app. If you don’t know how to set it up, follow the simple steps in this Guide.

Be wary of people calling you on the phone!

4. Never give your credentials to anyone!

No member of the Young Platform Team will ever call you on your mobile phone to ask for your login credentials or any security code and most importantly, will never ask you to perform a transaction during the call.

5. Don’t trust anyone who calls you on your mobile and asks you to send them your cryptocurrencies!

No member of the Young Platform Team will ever call you on your mobile phone and ask you to send money to an external wallet address.

6. 3rd level identity verification

Only in case you apply for Level 3 Verification or higher, a Young Platform Team member may call you to complete the process together with an interview. Again, under no circumstances will you be asked to move money or your cryptocurrencies.

7. If you have any doubts, ask the Team for support now!

If you have any suspicions or concerns, before you make any withdrawals from your account and send your cryptocurrencies to someone you don’t know, open a support ticket. Our team will help you immediately.

Dive deeper on the Academy