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YNG’s tokenomics explained step by step

yng token

One reason to consider holding Young (YNG) is the strength of its tokenomics. This is explained in detail below!

Tokenomics serves as the identity of every cryptocurrency, outlining its characteristics and strengths. To understand a crypto’s mission, vision, and, most importantly, its economic model, tokenomics is the essential document to review.

The tokenomics of YNG will be detailed in the upcoming white paper; however, this article provides all the key information about YNG’s tokenomics, explained point by point.

Category: What type of token is YNG?

YNG is the utility token of Young Platform. Utility tokens are designed to provide access to specific services or offer benefits within a cryptocurrency ecosystem. The YNG token was created for this very purpose: to enhance and enrich the experience of users who engage with Young Platform products. 

Through the Clubs, all features on the Young Platform are centred around YNG. The process is straightforward: by holding and locking a certain amount of YNG tokens, you can access the Clubs, which are exclusive loyalty programs that offer a variety of benefits.

Among the main benefits of being a member are discounts on trading fees and an increased Annual Percentage Yield (APY) on staking. This means you earn not only the staked currency as a reward but also the YNG token. 

Thanks to collaborations with major brands, Young Platform offers Club members a variety of exclusive benefits. For example, NordVPN provides discounts of up to 78%, while WeRoad offers savings of up to €450 on exciting group adventures.

Additionally, there’s Young Platform Step, our crypto-themed educational game, where users can earn YNG tokens as a reward for completing quizzes, challenges, and levels. This was the first significant feature of YNG and has been available to Step users since January 2019.

The best is yet to come! Young (YNG) is becoming increasingly central to the Young Platform ecosystem. In the final months of 2025, we will be releasing new features, including a payment account and the ability to trade using derivatives (futures). These updates will provide Club members with access to a wide range of unprecedented benefits!

Total supply: How will the YNG token be distributed?

One of the key factors to consider in a cryptocurrency’s tokenomics is the total supply of tokens. This figure can help determine whether the supply will continue to increase indefinitely or remain fixed. In the case of YNG, the smart contract specifies a limited supply of 100 million tokens. This means that the total number of tokens cannot exceed this limit under any circumstances. The Young Platform team has chosen to allocate these 100 million YNG tokens for various purposes:

  1. Rewards in the Young Platform product ecosystem and treasury (70.31% %)

Seventy per cent (70.31%) of the total supply is allocated to support and enhance the Young Platform ecosystem. This allocation serves two key purposes. Firstly, a portion is devoted to user rewards, including Step rewards and benefits for Club members, such as staking boosts and future cashbacks. Secondly, another part supports the company’s Treasury, which is strategically utilised for growth initiatives. These include providing liquidity in decentralised markets, funding the buyback program, and supporting new integrations, all of which contribute to the long-term health of the token economy.

  1. Young Platform Team (7%)

A portion of YNG tokens will be distributed to Young Platform employees starting in the second quarter of 2025. As the company continues to grow, it recognises the essential contributions of its team members. The YNG token will serve as a reward for those who positively impact the organisation with their skills and dedication.

The aim is to motivate and encourage Young Platform employees to give their best every day. If the team performs effectively, the value of YNG tokens is expected to increase accordingly. However, the distribution of these tokens will occur gradually over the next few years.

  1. Circulating Supply (22.69%)

The circulating supply of Young (YNG) currently stands at 22.69 million YNG tokens, and this number fluctuates over time based on the rewards distributed through various features that facilitate token issuance. Currently, Club members have locked away 9.91 million YNG tokens, representing 43% of the circulating supply. Additionally, 2.66 million YNG tokens are locked in Step wallets, and 4.49 million are deposited in the liquidity pool that supports the order book. Consequently, only 5.62 million YNG tokens, or 24.8% of the circulating supply and 5.62% of the total supply, are available for sale.

The YNG Liquidity Management System

To regulate the liquidity of the YNG-EUR market on the Young Platform exchange, we have been using an algorithm based on mathematical formulas typically employed to manage liquidity pools in decentralised exchanges that utilise automated market makers. Specifically for YNG, we apply the same formula that governs the Uniswap liquidity pool: K = x * y, where “x” represents the number of YNG tokens and “y” represents the euros in the pool.

The purpose of this formula is to calculate the appropriate proportion between the number of tokens bought or sold and their price, while maintaining a constant product of the amount of tokens and the number of euros in the pool over time. As a result, the liquidity pool on the Young Platform currently holds approximately €910,000 and 4,500,000 YNG tokens.

The (new) economic model of the Young token (YNG)

It may be helpful to introduce the new economic model that partially came into effect at the beginning of February and will be gradually enhanced with the release of new integrated features. This model includes several mechanisms aimed at stabilising the token and ensuring its long-term sustainability. Our strategy focuses on maintaining a dynamic balance between the supply and demand of YNG, ensuring price stability while encouraging community participation. Here are the primary tools that will be used to achieve this balance:

  • Add Liquidity: This verifies two key factors before adding EUR and YNG tokens to the liquidity pool:
    • Monthly budget: ensures that there is sufficient revenue or funds to allocate to adding liquidity.
    • Availability of YNG tokens ensures that the treasury, i.e., the company’s cash capital in euros, has a sufficient amount of YNG to add to the liquidity pool.

If both conditions are met, liquidity is added to the pool, helping to stabilise the YNG liquidity pool and thereby preventing large fluctuations in its price.

  • Buyback: The buyback function is also regulated by the monthly budget and allows the platform to purchase YNG from the market using euros from the treasury. This reduces the circulating supply of YNG, supporting its price. A buyback is executed when there are sufficient funds in the treasury to cover the buyback amount. This method enables the controlled management of YNG supply and maintains its price stability over time.

The coordinated implementation of these mechanisms aims to ensure stable liquidity for YNG, promote organic community growth, and support the overall evolution of the ecosystem. Our model is based on factors such as Club user growth, churn rate, and market dynamics, which will be continuously monitored. This enables us to adjust the rewards and mechanisms necessary to maintain a stable economic model.

Now that you are familiar with how Young (YNG) tokenomics functions, let’s explore in detail the benefits of joining the Clubs. The economic model of our token has been specifically designed to enhance the loyalty programs within the ecosystem.

This article offers general information about the YNG token and its structure. The content provided here is for informational purposes only and should not be considered as advice or guidance of any kind. The cryptocurrency market is subject to rapid and unpredictable changes. Before making any decisions regarding the use of the YNG token or cryptocurrencies in general, we recommend that you conduct thorough research and carefully assess the associated risks.

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The Clubs are open: experience Young Platform as a protagonist

YNG Token: Opening of the exchange’s crypto Clubs

The Clubs are open, have you already chosen which one to join? Prepare your YNG and discover all the benefits

Today is a momentous day for Young Platform: on the eve of the YNG token launch, the Clubs open the doors to the community. Each Club is like a pass to experience all the new features and functionality of Young Platform, present and future. Bronze, Silver, Gold or Platinum… each precious metal represents a Club. Which team do you want to join?

Today Young Platform is adorned with bronze, gold, silver and platinum, but what is really valuable is its community! Since the earliest human civilisations, these metals were used as a symbol of prestige and recognition. From now on, belonging to a Club can offer you a privileged position among YNG holders. Now that you’ve bolstered your YNG stocks with the Community Sale (or are planning to refresh your wallet with a bit of ‘young’ flair), you can make the most of them by joining Clubs. The best way to experience the Young Platform community as a protagonist!

At Young Platform we often use playful and witty metaphors, as we like to think that even complex topics can be learned with a light hearted approach.. Light-heartedness yes, but not superficiality! With the Clubs we want to give that sense of belonging that unites the community a chance to emerge. Indeed, we think it is crucial, as the community grows, to maintain that sense of team and family that has brought us this far.

How do the Clubs work? 

Each Club requires a minimum quota of YNG tokens to be locked for membership. This ranges from a minimum of 1,500 YNG for the Bronze Club to a maximum of 25,000 YNG for the Platinum Club. The locking required to become a Club member is different from staking: it does not earn any rewards, lasts a minimum of 90 days and can only be done with YNG that can be used within your Spot Wallet. Therefore YNG tokens received via Community Sale Cashback cannot be used immediately to join Clubs. 

Club membership lasts for 90 days, at the end of this period you can decide whether to unsubscribe by unlocking your tokens. Otherwise your membership will be renewed automatically. 

Which Club is for you?

Are you a Bronze or Silver type? Is Gold your Club? Or maybe Platinum? Each Club has its own characteristics, and the more precious the metal of your club is, the more you’ll benefit from the various advantages. Here you will find the complete guide and description for each Club. 


If right now you don’t have enough YNG to join one of the Clubs, don’t worry! As of tomorrow, YNG trading is open permanently and you can buy the tokens you need to join the Club that’s right for you. Memberships are open anytime starting now, check out the ‘Clubs’ section in the Young Platform app.

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Young Platform supports LUNA 2.0’s airdrop

Airdrop LUNA 2.0: Young Platform supplies the new tokens

LUNA holders on Young Platform will be able to participate in the airdrop of tokens on the new Terra 2 chain. Find out the details!

After the collapse of UST and LUNA, Do Kwon and the Terra community developed and approved a plan to rebuild a blockchain and compensate UST and LUNA holders. The old LUNA and UST tokens will be called LUNA Classic (LUNC) and UST Classic (USTC), the new token will keep the name LUNA. Details about the airdrop can be found in this article.

LUNA 2.0 airdrop on Young Platform

This airdrop is technically quite complex, so Young Platform plans to support LUNa’s airdrop only in the near future. This means that the distribution of the new tokens to Young Platform users will not take place at the same time as the official airdrop . As soon as further details are available, instructions on how to participate in the LUNA 2.0 airdrop will be announced. 

PLEASE NOTE: In order to facilitate all management operations related to the LUNA 2.0 Airdrop, LUNA deposits and withdrawals are blocked as of 5pm UK time on the 26th May 2022 (today) until further notice. 

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After an amazing Community Sale: listings and clubs

YNG Token: after the Community Sale comes the listing

In this Community Sale, everyone has shown their affection and support for the YNG token, find out the new listing date! 

When you finally learned what Bitcoin was, you couldn’t wait to explain it to your neighbour too. When you won your first prediction on Ethereum, you thought about adding “trader” to your Instagram bio… On your tenth correct quiz, you organised a crypto-themed game night for your friends. Admit it, over the years Step has hyped you up! As you played, walked around and discovered that cryptos are not such an untameable subject, your YNG wallet swelled just like your knowledge base. The YNG token has always been there to reward you!

YNG has seen us walk the streets of the crypto world and learn, one step at a time, about all its values and the potential of a technology that is changing the world. We rediscovered our curiosity, our willingness to learn and take notes by reading Academy articles (with such commitment we may not have even used for school). Why did we decide to launch the YNG token on the market? Because it is a sign of a passion that unites a community, which for four years has welcomed all the Quests on its path.

Something tells us that we were not wrong. With this Community Sale, we were overwhelmed by a realisation: the Young Platform community wants YNG and YNG is here to stay. At the beginning of this journey, we had set our sights on the goal of 6 million tokens purchased in Community Sale, having reached this figure we would decree a great success. But we have gone far beyond our goals: to date, 6.4 million tokens have been purchased and we have distributed a total cashback of YNG 436,000, and now the listing awaits. The excitement is through the roof, so all we have to do is start the countdown. 

Update: New date for listing 

On the 1st of June, 2022 at 12 noon CET, YNG will finally be released to the market and available for buying and selling. After the listing, you will find a different YNG token, but what will remain unchanged is the lively and passionate spirit of its holders.

As with all tokens, the value of YNG is not decided at the drawing board or even constant over time. Indeed, the price of YNG will be susceptible to market trends and the logic of supply and demand. Simply put, the price of YNG will depend on how many people buy it and how many sell it. The more people want to buy it, the more its price will increase. Conversely, the more people sell it, the more the price of YNG will fall. We know, the crypto market is volatile, but tokens backed by a strong community are destined for great things!

In conjunction with the listing, the sale and purchase of the YNG token, which was temporarily suspended from the 25th of May, will be reactivated, while the transfer of the token from Step to Young Platform is still active.

Clubs will start working on the 31st of May

Now that you are ready to begin your adventure in the YNG marketplace, you may want something more: clubs. Subscriptions open the 31st of May, but how does it work? To join the Bronze Club you need to block 1,500 YNG, 5,000 YNG for the Silver Club, 10,000 YNG for the Gold Club and 25,000 YNG for the Platinum Club. Blocking YNG for Clubs is different from blocking YNG for staking, in fact in the former case you do not get rewards but benefits. Once you join the Clubs, you cannot cancel your membership for 90 days. After these three months, you can choose to unsubscribe, otherwise, you will continue to enjoy the benefits. These are divided into several categories: fee discounts and increased rewards from staking and airdrops. But in the future there will be many more!

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3 Million YNG purchased: only 4 days left to join in!

The Community Sale is coming to an end. You have 4 days left to buy YNG with all the benefits reserved for our community!

It’s all true: you bought 3 million YNG tokens before the market launch! Before celebrating the listing, Young Platform has reserved a special sale, dedicated to our loyal community who have been waiting for this moment for a long time. 

However, the Community Sale will only be active for a few more days: you can buy YNG and receive up to 15% cashback until the 24th of May. 

The Young Token: the start for everyone 

For many of us, YNG was our first token, we earned it on Step by taking quizzes on crypto fundamentals or challenging our friends mile after mile or, again, by becoming familiar with price charts through ‘Up&Down’ predictions. 

Was the YNG token also the beginning of a path in this area for you? Sure, between NFT and Metaverse, blockchain is slowly becoming mainstream, but when it comes to cryptocurrencies, the main concern is complexity. Crypto technology and mechanisms still seem obscure and complicated, and when you don’t understand something, it’s easy to push it away. 

If today you can explain to your parents how a Proof-of-Stake protocol works or why Bitcoin is not a Ponzi scheme, it’s also thanks to the YNG token that you wanted to learn more, and not give up when faced with ‘impossible’ concepts. The Community Sale is designed to reward the entire Young Platform community with benefits. Those who have given the crypto world a chance via the YNG token!

What are the benefits of the Community Sale?

Buying YNG during the Community Sale is convenient for several reasons. Firstly, the price of YNG is still fixed at €0.24. Once YNG is listed, its price will vary according to market fluctuations. Furthermore, during the Community Sale, YNG’s purchasing fee is zero and you can receive Cashback. With the end of the Community Sale you will no longer be able to buy YNG at a fixed price and receive Cashback, but the advantages of buying YNG tokens do not end on 24 May! Anytime you buy YNG you can be part of one of the largest European crypto communities. How? By joining the Clubs! 

How can I get Cashback during the Community Sale?

You’re entitled to Cashback if you buy more than €200 of YNG before the 24th of May. It’s issued in YNG, according to how many tokens you purchased. Your Cashback will remain locked for 90 days after purchase, after which it can be redeemed. For the table with relevant reference values and percentages click this link. 

How can I join a Club?

Joining a Club means taking advantage of a package of benefits such as fee discounts, bonuses, increased staking reward percentages. But that’s not all, there will be many more surprises in the future too! There are 4 different Clubs: Bronze, Silver, Gold and Platinum, each with a different level of benefits. To join one of the Clubs you need to lock your YNG. The amount of locked tokens determines the type of Club you can join. Registration starts on 31 May*!

By becoming a YNG token holder, you have the opportunity to access all operations on Young Platform easily and conveniently. This is Young Platform’s way of rewarding the loyalty of our community by making your journey into crypto easier and easier! All you have to do is enjoy it!

Don’t miss your chance: these are the last 4 days to buy YNG at a fixed price and enjoy all the benefits of the Community Sale. The deadline is scheduled for May 24 at 11:59 pm. Remember: from the end of the Community Sale until the 30th of May, you can neither sell nor buy YNG token!

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

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New Community Sale record: 2 million YNG tokens purchased!

Community Sale of the YNG token: 2 million purchased

A few days after the first announcement, a new milestone: in one week of Community Sale, 2 million Young (YNG) were purchased!

The YNG token is among you! The pre-sale of the YNG token started on May 10, and within a week 2,000,000 have already been purchased. Affection and appreciation should never be measured in numbers, but in this case we make an exception because behind these 2 million YNG tokens are the passionate members of the Young Platform community who have faith in us and the project. 2 million thank yous! 

A 2 million token community!

The days until the launch of the YNG token in the market are fewer and fewer. We have been collecting messages of support since the 10th of May, enthusiasm is through the roof, and the countdown continues. There are only 6 days left until the end of the Community Sale, then what? Let’s wait for the listing! But if you want to secure Cashback now is the time to enter the world of Young Platform. You have until the 24th of May. For Cashback percentages and all the benefits of the Community Sale, you can check out the full guide and FAQs!

Clubs in sight

With the listing scheduled for the 31st of May, registration for Clubs, your privileged pass in the Young Platform experience, will open at the same time. To secure a spot in one of the 4 Clubs you will need to lock in a sum of YNG. How much is this sum? You can check the table with the Clubs and benefits. The tokens used in the subscription are not to be considered “spent,” in fact when you do not want to renew your Club subscription, you can simply unlock them and they will become usable and available again for all buying and selling transactions. 

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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.

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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!

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.

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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 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!

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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.