Category: Young Platform

Learn all about Young Platform Clubs: exclusive benefits, membership and the role of the YNG token.

Young Platform Clubs are exclusive benefit packages designed for the Young token (YNG) holders, the cryptocurrency native to the Young Platform ecosystem. Access to these Clubs requires you to block a certain amount of YNG: the more tokens you block, the greater the benefits and the higher the level of your Club.

This article provides all the information you need to understand how the Clubs operate, their benefits, and how the required amount of YNG tokens for membership is determined.

Among the main themes we will explore:

• The Young Token (YNG): Understanding what it is, how it functions, and its primary utilities.
• Young Platform’s Clubs: Discussing the various levels, benefits, and new features introduced with the rebalancing mechanism.
• The benefits for members: Highlighting advantages such as fee reductions and partnerships that enhance the ecosystem experience.

Read the article to discover how Young Platform Clubs can help you optimise your portfolio and access various curated opportunities.

The Token Young (YNG)

The Young token (YNG) is the native cryptocurrency of the Young Platform ecosystem. Developed as an ERC-20 token, it is classified as a utility token and complies with MiCA (Market in Crypto Assets) regulations. YNG is designed to provide value and utility to users and serves as the central element of the Platform’s functionality.

With YNG, users can access Young Platform Clubs, which offer packages of benefits based on the amount of tokens they block. The more tokens a user blocks, the greater their benefits and the higher their Club level. Initially introduced in 2018 as a reward for participating in the Young Platform Step educational game, YNG expanded its utility in 2022 when it was listed on the exchange, coinciding with the growth of Young Platform, now recognised as Italy’s leading crypto exchange.

The token offers concrete benefits, such as increased APY on staking, commission discounts, and priority access to initiatives and promotions. The YNG ecosystem will be further enriched in the coming months with new features, such as payment accounts, cards, and advanced trading tools (e.g., margin trading).

YNG’s tokenomics support sustainable growth, facilitated by buybacks and periodic cash injections made possible through a portion of the ecosystem’s revenues. Users must block YNG within the Young Platform app by signing up for one of the Clubs to access these benefits. The benefits offered by the Clubs are continually evolving as new partners and features are introduced, thereby increasing the value for token holders.

In addition to being a digital asset for portfolio diversification, YNG allows users to actively participate in the growth of the Young Platform ecosystem, creating a direct and incentivising connection between the community and the platform.

The information in this paragraph is intended for informational purposes only and should not be considered financial, investment, or other types of advice. Investing in cryptocurrencies, including YNG Token, carries significant risks, such as market volatility and the potential loss of your entire investment. Before making any decisions, conducting your research, carefully evaluating your financial situation, and consulting a specialist advisor if needed is essential. Past performance is not indicative of future results. Young Platform disclaims any liability for losses or damages resulting from using the information provided in this paragraph.

The advantages of the Club Young Platform on functionality

Young Platform’s clubs provide various benefits aimed at enhancing user experiences and maximising the value of cryptocurrency holdings while minimising costs and increasing potential earnings.

One of the primary advantages is the significant discounts on buying and selling fees, which can reach up to 90%. This reduction in trading costs is especially beneficial for active investors. Additionally, members can take advantage of higher Annual Percentage Yields (APYs) on staking. Not only do they earn rewards in the staked currency, but they also receive YNG tokens. The bonus YNG gains can increase by up to 70%, making this a compelling option for those looking to earn passive rewards through staking.

Moreover, members can earn extra rewards through Airdrops, providing bonuses of up to 25% on standard rewards. A complimentary monthly Market Report offers detailed analysis and forecasts for those seeking insights into market trends. VIP Support ensures personalised and priority assistance for members of the most exclusive clubs. 

Traders can also benefit from Smart Trades, which are advanced tools that automate algorithmic trading. They allow up to 10 trades to be executed simultaneously.

On a practical note, the Tax Report helps members manage capital gains realised from cryptocurrency investments, offering discounts of up to 80%. Club members can also make free card deposits, with the number allowed depending on the club level, further reducing operating expenses.

The benefits of Young Platform Clubs with big brands

In addition to direct benefits, the clubs collaborate with major brands to provide exclusive offers. For instance, NordVPN offers up to 78% discounts to protect your online browsing and data. Freename allows you to register customised NFT domains with a credit of up to $220. 

For travel enthusiasts, WeRoad discounts up to €450 on group adventures, while Saily eSIM enables you to use 5GB of data to stay connected while abroad. Culture lovers can enjoy discounted access to museums and attractions through Tiqets, with up to 12% savings. For those who are into fitness, BuiltDifferent offers coupons for workout classes, personalised nutrition plans, and more.

Additionally, HelloFresh can deliver fresh ingredients and ready-made recipes for healthy and delicious meals suitable for your home.

The advantages of the clubs go beyond immediate benefits and continually evolve with the addition of new partners and features, making Young Platform Clubs a versatile and constantly improving resource for all members. 

To compare membership plans and benefits, please visit the Clubs page.

The price of clubs: blocking, not spending

You do not need to spend your YNG tokens to join Young Platform Clubs. Instead, you simply need to buy them and lock them in your wallet for the duration of your membership. This approach allows you to maintain complete control over the value of your assets, as the tokens remain your property and can be unlocked at any time after your minimum 90-day membership period.

Starting February 4, 2025, the number of YNG tokens required to access the Clubs will be dynamically calculated based on the token’s market price. This system ensures a sustainable balance between supply and demand, making your economic commitment proportional to the actual value of the token. If the price of YNG increases, the number of tokens required will decrease, and conversely, if the price decreases, the number of tokens needed will increase accordingly.

With this solution, Young Platform keeps the Clubs accessible and flexible while supporting the growth of its ecosystem.

How the commission discount works

Young Platform automatically applies a club commission discount to users’ buy and sell orders. This benefit is advantageous for active traders who frequently execute trades and long-term investors, such as those using an accumulation plan with recurring automatic purchases. By reducing transaction costs, this discount helps optimise the overall performance of trading strategies.

The discounts are progressive and vary based on your Club level, ranging from 30% to 90% off commissions. If you qualify for a higher discount than your current Club level, the platform will automatically apply the more favourable rate, ensuring you always receive the best possible conditions.

Commissions are also discounted on Young Platform Pro, the advanced trading platform. These discounts apply to a maximum trading volume of EUR 50,000 over the last 30 days; standard commission rates apply beyond this threshold.

With this flexible and automated approach, Young Platform’s Clubs optimise the experience for every type of investor, making the ecosystem more accessible and convenient. The discount level can be checked by visiting the Clubs section on the site.

Upgrading, Downgrading and Unsubscribing from Clubs

Joining a Young Platform Club is a flexible choice that adapts to your needs and does not require a fixed commitment. You can easily upgrade to a higher level, move to a lower-level Club, or unsubscribe altogether, all while retaining complete control over your YNG tokens.

Upgrade

If you want to access the benefits of a higher Club, you can do so at any time by adding the necessary amount of YNG to meet the minimum requirement for the new level. For example, if you are a member of Club Silver with 5,000 YNG blocked and want to upgrade to the Gold level, simply block an additional 5,000 YNG. This grants you immediate access to the new benefits without waiting for the current membership period to expire, which will automatically renew for another 90 days after the upgrade.

Downgrade

The process is straightforward if you prefer to downgrade to a lower level. After you cancel your Club membership at the end of the minimum 90-day period, your YNG tokens will be unlocked and transferred to your Main Wallet. You can use them from there to join another Club or participate in other trading activities. Please note that once you leave a Club, you will lose all associated benefits, such as commission discounts or staking bonuses.

Unsubscribe

Unsubscribing is also designed for flexibility and simplicity. Once you unsubscribe, your YNG tokens will immediately be available for trading or other uses, but you will lose access to Club benefits. For instance, in the case of staking, you will continue earning standard rewards but no longer receive additional bonuses linked to your membership level.

This system combines ease of management with continuity of benefits, ensuring that Young Platform Clubs are ideally suited to your needs and investor profile. Whether you choose to upgrade, downgrade, or unsubscribe, you always have the opportunity to optimise your use of YNG tokens and make the most of the ecosystem.

You can consult the dedicated guides if you have further questions about clubs.

To look at the YNG Clubs and Token, sign up for Young Platform. 

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Maximise the benefits of Builtdifferent for training and nutrition. Enjoy exclusive discounts through Young Platform’s Club Advantage!

January has always been the month of resolutions, often focusing on two fundamental aspects of our lives: health and finances. How many times have you told yourself, “This year, I’m going to get in shape!” or “I absolutely must stop smoking,” or “By 20xx, I need to be able to buy a house”?

The challenge? Transforming desires into tangible results is often more complicated than it seems. It’s not easy to resist that tempting dessert after dinner when it pushes us over our daily calorie limit. Similarly, it’s just as hard to refrain from purchasing that tech gadget or piece of clothing that we simply don’t need.

To address this issue, we sought a solution that merges self-care with financial savings, partnering with the leading fitness and nutrition app in Italy. This led to the collaboration between Young Platform and Builtdifferent.

Please be aware that Builtdiffernt is exclusively available in Italy.

What is Builtdifferent?

Builtdifferent is an all-in-one fitness platform that provides customised training services and nutrition plans, all at a fraction of the cost of a traditional in-studio personal trainer. With a simple subscription, you can benefit from the following:

• Dedicated Coaches: Certified Personal Trainers who are committed to guiding you on your fitness journey.
• Qualified Nutritionists: Professionals who create a tailored, balanced diet plan for you.
• 24/7 Chat Support: Reach out to experts anytime for advice, program adjustments, or motivation.

In summary, Builtdifferent considers 17 variables and four training styles to develop gym workout plans suitable for both beginners and experienced athletes. Additionally, the nutrition plans adhere to principles used by professional dietitians, ensuring you maximise your gym results.

Builtdifferent for Clubs

Now, here comes the most exciting part: as a member of our Clubs, you are entitled to a progressive discount based on the loyalty program you belong to. Specifically, you can access a three-month subscription to Builtdifferent, which normally costs €79.99, at a reduced price of:

• Club BRONZE: 64,99€ (15€ discount);
• Club SILVER: 59,99€ (20€ discount);
• Club GOLD: 49,99€ (30€ discount);
• Club PLATINUM: 34,99€ (45€ discount).

Additionally, you can utilise a free 14-day trial period to fully understand the service’s functionality and quality before making a purchase.

The discount is also available for both six-month and yearly subscriptions. 

How it works

• Visit Builtdifferent.com (the promotion can only be activated through the website).
• Register for an account or log in.
• Complete the questionnaire by providing your personal information and eating habits.
• Enter the discount code you received via email in the ‘Add promotional code’ box just before checkout.
• Start your 14-day free trial.
• You will be charged the discounted rate based on your membership level at the end of the trial period. You can cancel your subscription at any time before the trial ends.

IMPORTANT NOTICE

The discount is not valid for the monthly subscription. This offer is only valid if you complete registration and payment from your desktop. The discount cannot be transferred.

What are you waiting for? 

Take advantage of this once-in-a-lifetime opportunity to secure a truly unique product that provides you with an effective training plan and diet at a surprisingly affordable monthly cost. P.S. We are committed to educating our audience about how to maximise the benefits of the products we offer in partnership with Builtdifferent. Check out their Instagram profile, @Builtdifferent, for entertaining and informative content on training and nutrition.

Unisciti a un Club!

Inizia ora

Discount on Club Platinum fees: what’s changing from 4 February

Young Platform is working to lay the foundations for what will become the most significant transformation our community has ever experienced. This evolution necessitates adjustments to some of the rules and parameters governing the loyalty programmes of our exchange. One of the key updates involves the Club Platinum membership.

New terms for Club Platinum

Starting 4 February, Club Platinum will no longer offer a 100% discount on buy-and-sell fees but a generous 90% discount. This is a small change, but it offers numerous unique opportunities for both current members and those looking to join the Club!

For existing Club Platinum members

Are you already part of Club Platinum? Fantastic! For you, the 100% discount on fees will remain unchanged. Your account will not be affected. However, take note: if you choose to leave the Club and later rejoin, you will lose your exclusive right to the 100% discount, and the new terms will apply.

For those joining before 3 February

This is your golden opportunity! If you join Club Platinum (or upgrade from Club Bronze, Silver, or Gold) by 3 February, you can secure the 100% fee discount just like current members. Lock in your access to the Club before any increases and enjoy one of Young Platform’s most exclusive plans.

The new rebalancing mechanism for Young Platform clubs

And there’s more! From 4 February 2025, Young Platform will introduce a new system to determine the number of Young (YNG) tokens required to access the Clubs. This dynamic mechanism will adjust the requirement based on the market price of YNG, ensuring greater flexibility and optimal balance between supply and demand.

How the rebalancing works

• Price increase: If the price of YNG rises, the number of tokens required to access the Clubs will decrease. An adjustment factor will ensure the reduction is balanced.
• Price decrease: If the price of YNG falls, the number of tokens required will increase proportionally.

This model is based on YNG’s launch price (€0.24) and will not affect the requirements for those already enrolled in a Club.

Why it’s worth joining Club Platinum now

Let’s look at an example.

Today, the price of the YNG token is €0.15. With a budget of €3,750, you can purchase approximately 25,000 YNG—enough to join Club Platinum. After introducing the new economic model, if the price of Young (YNG) remains unchanged, the required number of tokens will increase to 40,000. This ensures that the euro value of Club memberships remains aligned with the original pricing.

• Club Platinum price at the launch price of €0.24: 25,000 YNG x €0.24 = €6,000
• Club Platinum price at the current price (€0.15): 40,000 YNG x €0.15 = €6,000

But there’s more! Starting in February 2025, Club members will benefit from competitive advantages in upcoming prize contests. Additionally, with the arrival of the Young Platform card and account, Club members will gain access to exclusive benefits, making their experience even more rewarding.

This is your final opportunity to secure one of Young Platform’s most affordable and exclusive plans. Don’t miss it!

Join Platinum Club!

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How many Young (YNG) Tokens are needed to join Young Platform’s Clubs?

From 4 February 2025, the number of Young (YNG) tokens required to access Young Platform’s Clubs will dynamically adjust based on the token’s market price. This new mechanism, first announced in the 2024 Q3 Report, aims to achieve an optimal balance between supply and demand while offering greater flexibility to users.

What does this change mean for Club Members?

If you’re already a Club member, don’t worry! The amount of YNG tokens you need to hold will remain unchanged. You’ll continue to enjoy all your membership benefits regardless of future changes to YNG’s price.

However, if you are considering joining, you should act quickly. Once the new mechanism is live, the YNG required to become a member is expected to increase.

Rebalancing Token Requirements for Club Membership

Since their introduction in May 2022, the amount of YNG required to join the Clubs has remained constant, calculated based on the token’s launch price of €0.24. But with the ambitious goals we’ve set for 2025, it’s time for an upgrade.

Why change the required amount of Tokens?

YNG is the beating heart of our ecosystem, and the Clubs are one of the main incentives for users to hold it. The new mechanism will ensure that the monetary commitment required for membership aligns more closely with the token’s market value.

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This adjustment is necessary for several reasons. The most evident is ​​a potential appreciation of YNG, which could make the Clubs practically inaccessible. Imagine what might happen if the price of the Young (YNG) token were to reach €3. To join the Silver Club, you would need to freeze tokens worth €15,000 to join the Silver Club and $75,000 for the Platinum Club.

How does it work?

Here’s how the new “pricing” mechanism for Young Platform’s Clubs will function:

• If the price of Young (YNG) increases, the number of tokens required to join the Clubs will decrease. An adjustment factor will be applied to ensure that the necessary amount of YNG remains consistent, even in extreme token price growth cases. We are finalising the last tests to validate this model section under high-volatility scenarios. We will publish the final document containing formulas and projections before the mechanism goes live on 4 February 2025.
• If the price of YNG decreases, the number of tokens required will increase proportionally.

This model will be applied to the current thresholds, which were determined based on the initial listing price of €0.24:

• Bronze: 1,500 YNG
• Silver: 5,000 YNG
• Gold: 10,000 YNG
• Platinum: 25,000 YNG

What happens to existing Members?

As previously mentioned, for Club members who do not intend to change their current status, the amount of Young (YNG) tokens required to remain in the Club will not change. Once you’ve joined a Club, your membership will remain valid even if the token’s price fluctuates.

This system balances accessibility and user commitment while offering an advantage to early adopters who have joined (or will join) the Clubs before introducing new features.

Why should you join the Clubs now? A practical example

Let’s take a concrete example to understand the new mechanism’s impact better.

Imagine you want to join Young Platform’s Silver Club today. You decide to invest approximately €700 because you want to:

• Trade cryptocurrencies with reduced fees.
• Earn extra APY on staking.
• Benefit from discounts on our crypto tax-related services.
• Current price of YNG: €0.12
• Tokens purchasable with €700: approximately 5,800 YNG, enough to join the Silver Club.
  

But what will happen after 4 February 2025?

It’s essential to note that the number of tokens required to join the Clubs has been calculated based on YNG’s launch price of €0.24. When the rebalancing mechanism is activated, the token amount will be adjusted to account for the difference between that launch price and the current market value.

Specifically, the “euro value” of each Club’s original entry price is derived by multiplying the required YNG by its launch price (€0.24):

• Bronze: €360
• Silver: €1,200
• Gold: €2,400
• Platinum: €6,000

If, for example, YNG’s price at the time of the mechanism’s activation is €0.12 (50% lower than the launch price of €0.24), the amount of YNG required to join the Silver Club will increase by 100%. This means you would need 10,000 YNG instead of the current 5,000 YNG, and your budget of €700 would no longer be sufficient.

How about extreme price growth?

As mentioned, if YNG’s price exceeds the €0.24 threshold, an adjustment factor will reduce the required token amount. This ensures that the decrease is not strictly proportional to the price increase, maintaining fairness.

Final thoughts

The new rebalancing system represents a critical step in growing our ecosystem, particularly given the increased user base we expect following the launch of new features. Providing fair and balanced access to the Clubs is essential to this vision.

Have you chosen your Club yet? Don’t wait too long—membership could soon become more exclusive and expensive.

Join a Club!

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