Litecoin (LTC) lands on Young Platform!

Litecoin is now tradable on Young Platform

LTC, the Litecoin crypto also called digital silver, is now available on Young Platform’s exchange

Among the cryptocurrencies available for trading on Young Platform is Litecoin (LTC). Discover the use cases and features of the first altcoin!

What is Litecoin?

Litecoin is one of the first blockchains to be created and it is nicknamed Bitcoin’s ‘little sister’. The project was founded in 2011 from an idea of former Google and Coinbase engineer Charlie Lee. It is to all intents and purposes a fork of Bitcoin’s source code, the two blockchains are very similar in this respect. However, the differences they have are related to the block validation time and hashing algorithm. Litecoin has tried to maintain the strengths of Bitcoin’s blockchain and at the same time improve its weaknesses. Like the parent blockchain from which it derives, Litecoin works according to the Proof-of-Work consensus mechanism: it is the miners who validate transactions through their computational power and who create the new blocks in the network.

What is LTC?

‘Altcoin’ is the term used to refer to all alternative cryptocurrencies to Bitcoin. The first crypto in this category to be developed is LTC. While Bitcoin is often referred to as ‘digital gold’, Litecoin is known as ‘digital silver’. So, what is Litecoin used for? The main use case for LTC is peer-to-peer payments. Since Litecoin can process transactions 4 times faster than BTC, payments are cheaper and faster.

Why did we choose LTC?

LTC is one of the blockchains that made the history of cryptocurrencies. In operation since 2011, it continues to guarantee fast, cheap, low-energy transactions without neglecting network security. Litecoin is trying to establish itself more and more as a network for small everyday payments. It is also a blockchain known for its focus on privacy. The network integrated the Mimblewimble protocol in 2022, which takes care of transaction privacy through five different cryptographic mechanisms.

Which pairs are available for LTC?

●     LTC-EUR

●     LTC-USDT

Want to know more?

Read the Academy article about Litecoin and the one dedicated to its creator Charlie Lee!

Young Platform supports the first italian capital increase in bitcoin and ether

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Bitcoin and ether held on Young Platform in the first italian capital increase in cryptocurrency.

Young Platform backed BAI.G. Research Center Impresa Sociale S.r.l. in the first capital increase in cash and cryptocurrencies, the only one of its kind in Italy. 

BAI.G deliberated that part of the increase could be carried out through the sale of credits backed by a certain amount of bitcoin and ether held on Young Platform, chosen as a partner and guarantee for this operation.

“We are honoured to have been chosen by BAI.G. for this operation, which represents a milestone in Italy”, says Andrea Ferrero, CEO & Co-Founder of Young Platform.

The operation, unique in its kind, stands out in at least two aspects.

  1. For the first time, an asset has been conferred in the form of the native cryptocurrency of the blockchain Ethereum, ether (ETH), in addition to bitcoin (BTC). It is, therefore, the first multi-crypto-currency corporate operation.
  2. The second is the very nature of the conferment of credits by the clients towards a wallet provider, i.e. that it consists of two distinct cryptocurrencies.

The choice fell on the two cryptocurrencies with the greatest diffusion in the world and a national wallet provider such as Young Platform was chosen to act as custodian, guaranteeing, as long as it holds these cryptocurrencies are held by it, a point of reference for Italian jurisdiction in the case of provisions issued by the national authorities.

Precisely for these reasons and with the intention of establishing the best practice, BAI. G will keep its crypto-assets or cryptocurrencies in the care of third parties such as Young for the entire duration of its existence. 

This operation, therefore, represents a further step forward in the process of adapting the national legal system to the challenges presented by cryptocurrencies and, in general, by the blockchain.  Moreover, the intervention of an Italian exchange such as Young Platform, increases the security level of the operation, not only for the social creditors, but also for the national authorities.

young platform supports the first italian capital increase in bitcoin and ether

Read the News on the Cryptonomist 

The Advantages of Investing in Young Platform

All the reasons to join Young Platform’s community of investors

To finance a company through an equity fundraising means to invest money in exchange for shares of their capital, thus becoming a full-fledged shareholder. If a company you invested in achieves success, the shares you bought could increase in value, compared to the purchase cost.

7 reasons to invest in Young Platform:

  1. The investor receives a number of company “shares” from Young Agency Srl at the moment of investment.
  2. If in the future Young Agency Srl were to be acquired by a third firm (Exit), enter the stock market (IPO) or if the company’s net worth were to increase, the investor would obtain profit from the investment.
  3. The equity crowdfunding campaign is on Seedrs, one of the most important investment platforms in the United Kingdom. This guarantees the investor a high protection level, in fact, this platform is very attentive in selecting the companies and has a very strict Due diligence procedure.
  4. Seedrs, the crowdfunding platform we are operating on, provides the chance to exchange Young Agency Srl stocks on the secondary Market (find out more by clicking here).
  5. The pre-money valuation of the Young Platform project is of € 8.5 million.
  6. Starting from €250 of investment, for every invested Euro you’ll receive 1 Young token. If, for instance, you invested €500 Euro, besides becoming a shareholder of Agency, at the end of the campaign you’ll be accredited 500 Young tokens.
  7. Diversify your portfolio. Another upside to investing in equity crowdfunding is the possibility for the investor to more easily diversify his/her portfolio, by betting on companies that operate in different sectors, such as that of the sharing economy, agritech, 3D printing or the FinTech-crypto industry, like Young.

Other advantages

  • We find ourselves in a period of unprecedented technological development, within all sectors, R&D investments multiplied, exponentially increasing the chance for successful start-ups to exit. Moreover, the start-ups adopting a lean approach can create product prototypes and models without having to use up big equities.
  • We are investing within the real economy, not in unpredictable stock market titles, but in companies consisting of few people and with great growth potential. Furthermore, this allows us to provide other start-ups with our experience, in terms of culture, management and as entrepreneurs. This translates also to a great social benefit, especially for future generations, that are going to have more job opportunities and benefit from today’s investments.   
  • Start-ups create new business models, consequently revolutionising old ones. The sharing economy opened everyone’s eyes to the possibility of creating new jobs and new sources of income, tackling the issue of unemployment head-on. Service providers such as Airbnb, Uber and BlaBlacar generate real benefits for everyone, this is why they should be understood, incentivised and regulated, in order to generate economic income for those who provide and a new service for those who use it.
  • The Crowd Economy seems to draw near with an even stronger push. It’s an economy based on people, that engages the crowd in choosing the features of a product/service, in funding it through investments or loans. Crowdfunding and Crowdsourcing are the first embodiments of this new school of thought. In 2014 alone Crowdfunding recorded over $16,8 billion with a 167%* growth.
  • Co-investment is useful for everyone, even for a professional investor, venture capital, holdings and investment funds, besides banks and investment firms that, by sharing the investment through equity crowdfunding, share the risks associated with it too. It can raise the investor’s status as a leading investor, thus creating a benefit also in terms of future co-investments. Professional investors all around the world are diversifying their portfolio, by allocating part of it to the investment in start-ups, with a view to obtaining better returns that are going to balance out the smaller ones from traditional investments.

Here, you can invest in our campaign: www.seedrs.com/youngplatform

If you have any more questions write directly to [email protected]

Investing in Young Platform FAQs

All the answers you are looking for to start investing in Young Platform.

What am I buying when investing?

When you invest, you are purchasing a share of Young Agency Srl. The investors participating in the equity crowdfunding campaign of a company become shareholders of that very company. As a shareholder, you’ll be entitled to dividends from future revenue streams and a return on investment in case of sale of the shares, after a period – according to the current law – of 3 years, during which the innovative start-ups can’t distribute dividends. 

How much can I invest?

The minimum an investor can allocate is 50 Euro. On the other hand, there is no maximum limit for a single investment: for any amount invested, the operation is carried out completely online, from the commitment to the project, to the bank transfer or credit card deposit.

What happens to my investment if the campaign goes in Overfunding, meaning that it raises more than what was set as a target?

In case of overfunding (exceeding the funding objective), the offeror company could extend the capital increase and set a new target amount.

Otherwise, it could decide to close the crowdfunding, once it achieved the set goal, and not to accept other investors.

What happens if the start-up doesn’t raise the target amount?

For every campaign, there is a minimum goal, which is set lower than the overall campaign goal. If the fundraising goes over the minimum amount, the raised funds are collected by the start-up.

What extra expenses are there besides the investment?

There won’t be any extra expense, except for any commission that may be required by your bank.

When will I be able to invest?

The crowdfunding is already live on Seedrs

How can I profit from this investment?

If in the future Young Agency Srl were to be acquired by a third firm (Exit), enter the stock market (IPO) or if the company’s net worth were to increase, the investor would obtain profit from the investment. Thanks to the attentive selection made by the team Young in choosing its partners, we’re able to guarantee the investors the opportunity to resell and purchase their shares even during this first phase (see the next answer).

The Secondary Market on Seedrs

Seedrs, the crowdfunding platform we are operating on, provides the chance to exchange the shares of Young Agency Srl on the Secondary Market.

The Secondary Market tackles a sore spot for crowdfunding platforms. Investing in early-stage companies and start-ups is an
illiquid and high-risk form of investment, since most of the profits, if there’s any, require a long time.

This is why Seedrs created the Secondary Market, where registered users can buy and sell shares on which they invested.

Only people who already invested in the Young project can acquire additional shares thanks to the Secondary Market service. Essentially, the sale and purchase of the shares of Young Agency srl is open to every investor on Seedrs. Every investor on the platform can buy shares from other investors or sell them to get an economic return right away.

The market is open once a month, starting from the first Tuesday, for a week. Not every kind of share can be sold on the secondary market, and the possibility to sell or buy is determined by the requests from other investors.

What is Young Platform’s net worth?

Its pre-money valuation is of € 8.5 million.

Young Agency srl has already closed two capital increases, by approving two valuations: the first one of €500,000 in February 2018 and another of €2,5 million in November 2018.

What are the risks of investing in an Equity Crowdfunding campaign?

To invest in a start-up is a high-risk investment. It’s a given fact that betting on something that is new, on an idea and the project to realise it, on an entity that has no history, betting on results that are yet to be presented and on promised dividends can lead, worst-case scenario, to loss of capital, due to the failure of the enterprise or to a growth trend that was too weak to achieve the set goal. This is why we advise to take precaution and make sure to have the means to economically bear the eventual loss of the entire capital invested.

The entity of the risk should make the client aware of the necessity to take specific precautions so that the capital directly invested in the startup may NOT represent a significant portion of his/her assets and that it may NOT be destined to a short- or medium-term investment goal.

PLEASE NOTE: investing in Young Agency does not entail any legal liabilities.

Can I resell my shares?

Yes, the shares of the Young Agency Srl start-ups can be sold on the Secondary Market available on Seedrs.

What is the current regulation in the United Kingdom on cryptocurrencies and exchange platforms?

Currently, there is no specific regulation on cryptocurrencies in the UK, here’s how it works for the time being.

To receive more information or answers to any doubt, write to [email protected]

Or just go to our campaign page on Seedrs
www.seedrs.com/youngplatform

What is Crowdfunding?

Choose to invest in crowdfunding and join the Young Platform’s community of investors.

Equity crowdfunding is an investment method available to everyone.
It allows the financing of innovative start-ups through an online platform, by depositing any amount of money (starting from 10 €) in exchange for a number of shares of the chosen venture.

Choosing to invest in equity crowdfunding means betting on innovative businesses, on an idea or project you believe in and contributing to its realisation. In exchange for the invested money, the firm gives up part of its capital, which means becoming one of its shareholders.

If the business you invested in achieves success, the shares you bought will generate a profit proportionally to your investment. Otherwise, you can choose to resell your shares to a third party.

Why invest in crowdfunding?

No project achieves success without a strong team behind it. This is why a community of investors is the greatest asset for any start-up. To believe in an idea together is the first step towards its fulfillment. Thanks to its own community, Young Platform managed to close two financing rounds and it is able to continue with its project.

Why become a shareholder?

Those who joined the community early-on made it possible for us to achieve all the small and great successes, which helped Young Platform go from being a project by six students of Turin’s Politecnico, to a company with a London office at Level 39.

Now is the right time to join Young Platform in quality of shareholders. This is the best phase of its history, the moment in which everything becomes reality and Young Platform is going to be finally launched on the market.

Community

We are a 100% community-driven start-up: we created a community based on trust, our business model is confirmed by thousands of users, and we pay attention to the feedback we receive on a daily basis.

Scalability

Our business model is replicable within other markets, as proven by the opening of three offices in three European countries within only 12 months of operation. Young Platform is quickly growing and soon it will establish its presence on the market thanks to the investment platform “Seedrs”.

Business Opportunity

Young has created a revolutionary product that is adaptable to any company: Step. After only 4 months it reached 50,000 downloads.

How can I invest?

Young Platform is already live on Seedrs with its first equity crowdfunding campaign www.seedrs.com/youngplatform

If you have any more questions, write directly to [email protected]m