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The Merge and Young Platform: what will happen to your ETH?

The Merge and Young Platform: deposits, withdrawals and airdrops

Get ready for The Merge: everything you need to know about the impact of the Ethereum update on Young Platform

*Updated 14/09/2022: new features for the Earning Wallet functionality.

As an additional security measure for the funds of Young Platform users and in agreement with our partner provider of the Earning functionality, the Earning Wallet functionality will also be suspended during The Merge. All information can be found in the last paragraph of this article. 

The Merge, the update that will make Ethereum a Proof-of-Stake blockchain, is just around the corner. This is one of the biggest and most impactful updates in the entire crypto industry. In fact, Ethereum is the blockchain on which most of DeFi and NFTs are built and Ether, its coin, is the second largest crypto by market cap.

You may have wondered if the activation of the historical update will have consequences for your ETH. Here is what will change on Young Platform with The Merge.

Temporary suspension of ETH deposits and withdrawals

Deposits and withdrawals of Ether (ETH) and ERC-20 tokens on Young Platform will be suspended as of the 14th of September 2022 (10 pm UTC).

We recommend that you complete your transactions in advance of this date so that deposits and withdrawals are properly processed. Deposits made close to this date may not be counted in a possible Ethereum hard fork.

Your tokens will remain safe in your Wallet and during The Merge you will not have to perform any specific operation. Everything will be handled by Young Platform. You are free to convert your Ether before The Merge but this is not a necessary action. Likewise, your ETHs locked in the Earning Wallet section will not be affected by the Ethereum update.

Temporary suspension of MATIC, AVAX and FTM deposits

Deposits of Polygon (MATIC), Avalanche (AVAX) and Fantom (FTM) will also be suspended from the same date and time : the 14th of September 2022 (10 pm UTC)

Will there be a new Ethereum 2.0 token? What will happen to my ETHs after The Merge?

After the activation of The Merge update on the Ethereum blockchain, two possible scenarios could occur:

1. No new token will be created:

The Ethereum blockchain will switch to the Proof-of-Stake mechanism without a hard fork. In this case, there will be no substantial changes for ETH holders and Young Platform will rehabilitate deposits and withdrawals as soon as possible;

2. A new token will be created:

During The Merge, the Ethereum blockchain could undergo a hard fork and thus split and create a new token. In this scenario, one chain will operate under the new Proof-of-Stake consensus mechanism, while the other will retain Proof-of-Work. In this case Ether (ETH) will be assigned as the coin of the new Ethereum 2.0 Proof-of-Stake blockchain. Meanwhile the new token (ETHPOW) will replace the ETHs of the Proof-of-Work chain and will be distributed via an airdrop.

The distribution of the new token will be calculated on the basis of a snapshot concurrent with the activation of The Merge. A snapshot means that establishes which users possess ETH and in what quantity.

So, what will happen on Young Platform at this point? Should Ethereum’s hard fork occur, detailed updates on how the new token will be airdropped and what is new for the exchange will follow.

The hard fork and the creation of the new token are currently only a possibility, not a certainty.

In any case, before deciding whether to support the new token, Young Platform will subject it to all the verification procedures typical of any listing. Announcements regarding the new token will be made in a dedicated announcement.

What will happen to the Earning Wallet with The Merge? (Updated 14/09/2022)

From the 14th of September 2022 (10 pm UTC) onwards, and until further notice, it will not be possible to activate a new Earning with the Earning Wallet functionality or to deactivate an already active Earning. 

This means that during the suspension period:

  1. You will not be able to stake or unstake your cryptos in the Earning wallet until the end of this period
  2. Automatic renewals will be disabled until the end of this period
  3. The counting of rewards related to activated Earnings will continue uninterrupted.

In summary, you have these options: 

  1. Activate new Earnings before the 14th of September 2022 (10 pm UTC), your rewards will continue being counted as normal;
  2. Deactivate your already active Earnings before the 14th of September 2022 (10 pm UTC) to unstake your cryptos and send them to your Spot Wallet. Caution: if you deactivate an Earning before the end date indicated on the app, you will lose the accumulated reward.
  3. Keep your Earnings active and continue to claim rewards

Follow the activation of The Merge on the Young Platform Blog, if you have further questions, please contact the Support Centre.

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FAQ: the future of the YNG token

What will be the next challenges for the YNG token? What does the Young Platform team have in store for its project?

With all the excitement of YNG’s first week in the marketplace, came avalanches of questions about the future of the token and the entire ecosystem. In this article, you will find a list of the hottest questions the community asked the Team about the YNG token during this launch period. Here’s everything you never dared to ask about YNG. Check out the trivia and the roadmap of Young Platform’s token!

Listing, Market and so on…

Why does the price of the YNG token now fluctuate?

After its launch on the market on the 1st of June, the price of the YNG token began to vary according to supply and demand in the market. You can check its price in the Markets section of Young Platform.

This means that the value of YNG is no longer fixed at 0.24€, but it varies depending on how many people want to buy, sell or hodl it.

Thus, the Euro value of the YNG rewards you receive in the Step wallet now also vary according to the market price.

When will YNG be listed on other exchanges?

Listing procedures on other exchanges have been initiated, but we are waiting for the right moment. The summer has proven to be a historically difficult period for the launch of new projects and for markets in general.

The good news? We are working with the largest international exchanges, also with a view to running promotions in collaboration with them.

Can YNG be deposited and withdrawn on other exchanges?

As long as YNG is not listed on exchanges other than Young Platform, YNG cannot be deposited on other exchanges. ‘Listing’ is in fact also understood as the ability to technically ‘support’ a token, i.e. to make an exchange compatible with a currency.

Currently, you can only withdraw YNG to self-custody wallets, which can be apps like Metamask or devices like Ledger.

When will YNG be listed on aggregators such as CoinMarketCap or CoinGeko?

We have sent request to both of these providers to list the Young Platform exchange and the YNG token. They are currently being processed. It should be kept in mind that longer due diligence is required for centralised exchanges, however as soon as we are provided with the first listing date, it will be communicated.

Will it be possible to convert YNG to cryptos?

Yes, there are plans to add pairs with the most popular cryptos in the future, also with the aim of facilitating those who operate primarily through crypto.

Who are YNG’s market makers?

Market makers are usually liquidity providers that support exchanges by facilitating trade, as they are always willing to buy or sell to match market supply and demand.

The only market maker for YNG at present is Young Platform itself. In this respect, Young Platform tries to match supply and demand by keeping the supply of YNG balanced. That said, the company may still undertake buybacks, i.e. strategic purchases of YNG, but these will be notified in advance and the amount will not be put back into circulation in the short term.

Price changes are caused purely by ‘natural’ supply and demand fluctuations consisting of user sales and purchases.

Will tokens used to register for Clubs be returned?

After 90 days of minimum subscription duration, you can freely request your YNG back from the Club section, however, this means unsubscribing and thus forfeiting your Club benefits. 

What will happen to Young Platform Step?

There may be some rebalancing with regard to the quantification of rewards in YNG, depending on its price. However, no changes are expected in the short term. Any changes will be as gradual as possible, so as not to affect your experience with Step that you know and love.

 

YNG and Ethereum

What will happen to YNG after the completion of the transition to Ethereum 2.0?

Theoretically, nothing should happen to impede the experience with YNG and the Ethereum ecosystem, because even if something were to go wrong, it would impact the entire Ethereum ecosystem, i.e. almost the entire DeFi and NFT sector. This is why the upgrade is taking a long time: the Foundation is making sure that everything takes place in a safe and controlled manner.

Ethereum 2.0 will only provide advantages for the use of ETH and ERC-20 tokens such as YNG; namely in terms of the speed and convenience of transfers on the blockchain.

Will you lower fees for Ethereum?

In the event of a decrease in the price of Ethereum Gas, thus in the cost of transactions, the fees for withdrawals from Young Platform via the Ethereum network will also be revised.

What is the correlation between YNG and Ethereum?

The price of YNG is in no way directly related to that of ETH. You can see this by looking at the first-day performance of YNG on the market. YNG’s price increased and ETH’s price moved in the opposite direction.

The only link between YNG and ETH is structural and technical, in the sense that YNG is compatible with the Ethereum ecosystem, being an ERC-20, i.e. a token based on software created by the Ethereum team.

Thus, for example, a possible congestion of the Ethereum network may also slow down YNG transfers between wallets.

How do you check for YNG ‘holders’ on Etherscan?

Etherscan is the most popular blockchain explorer for Ethereum. Here you can see all transactions that are executed in real time on its network and other on-chain and market data.

Since YNG is an ERC-20 token, i.e. a token based on the Ethereum protocol, you can look up its smart contract and transactions on sites like Etherscan.

Just search for ‘YNG’ in the search bar and you will arrive at its page. Below the basic token data, you will find a table with all the transactions executed for YNG, the Holders and other analytics. Holders are simply the wallets that hold YNG, and are anonymous.

Before the listing, there were few holders because it was Young Platform that held them for users. In fact, being a centralised exchange, it is ‘custodial’, i.e. it takes care of the safekeeping of your cryptocurrencies by facilitating your experience with crypto wallets.

Now after the market launch of YNG, you can see that ‘holders’ are increasing because it is now possible to withdraw YNG on other Ethereum-compatible wallets.

YNG’s roadmap

When will YNG’s Earning service be available?

Currently, YNG Earning is not yet planned, as this also takes into account the current limitations of Italian legislation. However, we will soon start adding other cryptocurrencies available for the Earning Wallet in agreement with the provider Tesseract and according to users’ preferences.

Are airdrops already planned?

We are in contact with several crypto foundations, and a new airdrop is planned in the near future. The requirements for airdrops are usually set by the Foundation or the project company, as they donate their tokens. What is certain is that by being a member of a Club, the airdrop you are entitled to is increased. You can find all information about Young Clubs and you can register from the Young Platform app, under ‘CLUBS’ in the top right-hand corner.

Are you thinking of creating a Young Platform debit/credit card?

We are working on the project with several providers, with the intention of implementing a cashback model in YNG, related to clubs. The idea is to arrive at the end of the year with a first release or with a certain date for the release.

When will the next Club advantage be released?

We hypothesise a correlation between cashback with Young Platform’s card and Clubs, thus higher benefits for the higher-level Clubs. For the rest, no spoilers!

When will it be possible to transform micro-imports (a.k.a. ‘dust’) into YNG?

It is one of the next features planned for the token, however, there is no definite date yet.

Joining the Community

Why choose YNG?

YNG was not created for speculative purposes, neither as a payment currency nor to represent shares in the company in any way. Our CFO was very clear: “YNG was born as a utility token, that means it makes sense within the Young Platform ecosystem.”

The usefulness of the token is made clear by the Clubs: by locking YNG and joining a Club, you get benefits on buying and selling fees, Earning rewards, airdrops and much more in the future.

Depending on which features you use the most, you will choose whether to join a club, to simply keep your YNGs waiting for other features, or to exchange them.

How do I access Young Platform’s Discord?

As part of the token launch and product expansion, we created a Discord server, which we will maintain and develop during this year.

The point of the server is to allow the community already present on Telegram to evolve. The Telegram channel is currently a channel where it is possible to confront other users or the team itself and receive assistance. On Discord, this is much simpler, as its multiple functionalities allow, among other things, topics to be split up into several dedicated channels, making it easier for everyone to find information.

Register for Discord via the desktop app, the web version or the mobile app, and enter the Young Platform server.

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The Young Token (YNG) lands on Young Platform!

Young Platform’s European project is being released on the open market! YNG is the emerging utility token that underpins an entire community

It is with great excitement that we announce the release of Young (YNG), Young Platform’s proprietary token. Clamoured for by our users and after a successful Community Sale, the 100% European token is ready to be traded on Young Platform and Young Platform Pro. 

From a technical point of view, YNG is a ‘utility token‘, i.e. a token that has a well-defined purpose within a system. The newly released token is the foundation on which the life of the Young Platform ecosystem is built. 

But the usefulness of a token also lies in the impact it has on a community. Thanks to Web3, and more so than in any phase of the internet and the history of human ingenuity ; its possibilities, its realisation, its future are in the hands of communities. We at Young Platform know very well the visionary power of shared ideas, just a couple of years ago a group of friends decided to bring cryptocurrencies to Italy with a ‘young’ project. Of course, the emerging token YNG owes its name to its ecosystem, but even before that to an adjective that encapsulates the whole approach of the project. Being ‘young’ has nothing to do with age, it is an optimistic attitude and openness to new things. The YNG token is the past, the present but above all the future of the projects that Young Platform has in store to add value to the crypto landscape.

What is YNG?

YNG is a utility token based on the ERC-20 standard. Before today, the token was not on the market and could be obtained in two ways. The main function of the YNG token has always been as a reward for challenges and quizzes in the Young Platform Step app, YNG could also be bought or sold at a fixed price of 24 cents to access discounts. Now that the price is unlocked, the market decides the value of the outgoing token, following the law of supply and demand. 

What’s its purpose? YNG’s value

The token is the glue that binds the Young Platform ecosystem. From the exchange, to Young Platform Pro, to the Academy, to Step, and finally the community. Young Platform’s goal is to offer a comprehensive and competitive suite, perfect for both experienced users and those taking their first steps into the crypto world. Experienced traders can use their YNGs for discounts and increased rewards, while newbies can earn YNGs while learning the fundamentals of crypto. That’s the value of the YNG token: it really is for everyone! Whatever your knowledge of the industry, YNG is a great resource to facilitate your crypto experience. Buying and locking YNG means joining the ecosystem of a 100% European , supervised and transparent exchange. Trade crypto, learn the blockchain, put your knowledge to use – all in an ‘easy’ and above all fun way: YNG will always be on the side of the community!

In short, YNG allows Young Platform users to enjoy a number of benefits reserved for those who decide to block a certain amount. To block your YNG, simply go to the Club section of Young Platform. Depending on the number of tokens you block, you have access to a Club that offers you benefits such as commission discounts as well as higher rewards from staking and airdrops. 

The Clubs are intended to make Young Platform an accessible and convenient exchange platform, and are available in four levels:

What pairs are available for YNG?

  • EUR – YNG

Want to know more?

Read the YNG whitepaper!

Join the community of a 100% European exchange, stake your favourite cryptos, trade YNG, BTC, ETH and more with freedom and security. Crypto Made Easy! 

N.B. Fee discounts are applied to all buy and sell orders. If these orders are executed on the Pro Platform, the discount is applied up to a maximum of €50,000 volume in the last 30 days. Standard buy and sell commissions will apply if the maximum is exceeded in this timeframe. These can be found on the Commissions and Prices page.

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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.