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Staking introduction: an innovative way to put your crypto to work

staking young platform

Young Platform reopens its Staking functionality: here are all the updates

Young Platform is bringing back one of its most beloved features: staking. Completely revamped with new characteristics and advantages, staking remains one of the easiest ways to make your cryptocurrency holdings grow. Let’s explore the updates together!

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What is Staking?

Imagine you have a stash of cryptocurrencies. Generally, the value of these holdings doesn’t grow unless you delve into complex trading strategies, which require constant monitoring and can be quite stressful.

In other words, beyond just waiting for market prices to rise, it’s strategic to increase the number of tokens you hold. You could do this through trading or savings schemes, but there’s also a simpler way: staking. Staking allows you to increase the number of tokens in your wallet without selling your assets. This isn’t magic; it’s an inherent feature of how some blockchains work.

Staking exploded in popularity in 2020, particularly in decentralised finance (DeFi), because it offers a relatively simple way to earn cryptocurrency rewards.

Staking is linked to Proof of Stake (PoS) consensus protocols. Forget the powerful miners, costly hardware, and hefty electricity bills to “mine” new coins. With staking, you only need to “lock” your cryptocurrencies within a network and start receiving rewards.

How does Staking work?

Staking transforms the mere possession of cryptocurrencies into something more active and participatory. It’s a way to contribute to the security and efficiency of a blockchain network—and in return, you get rewarded.

Blockchain networks that use the proof-of-stake (PoS) consensus mechanism select validators from those who have staked their cryptocurrencies. These validators are responsible for verifying and confirming transactions and creating new blocks in the blockchain.

In exchange for their contribution, the network rewards these validators with newly minted coins as an incentive to participate and behave honestly. The system generates these coins as part of its protocol, similar to how miners earn cryptocurrency rewards in proof-of-work (PoW) blockchains. This process keeps the network decentralised and secure and distributes new tokens, encouraging active participation.

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Advantages of Staking on Exchanges

Ease of Use

Staking protocols aren’t always user-friendly. Most DeFi platforms require technical knowledge, and navigating the maze of decentralised protocols can be challenging for those unfamiliar with the sector. Some centralised exchanges, like Young Platform, have developed solutions that make staking simple and accessible.

Lower budget requirements

The high minimum deposit requirement is one of the biggest obstacles to direct staking. For example, with Ethereum, one of the leading cryptocurrencies, staking directly on the Ethereum network requires a minimum of 32 ETH. With the current price of ETH around €2,000, that’s an initial deposit of approximately €64,000—not exactly pocket change.

This is where centralised and decentralised platforms come in. With services like those offered by Young Platform, you can start staking with a minimum of about €50 at current rates, making staking accessible for those with significant capital and those looking to start with a more modest amount.

Flexibility

You can cancel your staking at any time, provided that the platform allows it, giving you the freedom to manage your cryptocurrencies as you see fit.

Staking on Young Platform

Young Platform offers two types of staking: Liquid Staking and Proof of Stake, which can be used simultaneously. This allows you to diversify your portfolio and maximise reward opportunities across multiple blockchain networks.

Rewards are calculated through the APY (Annual Percentage Yield), which represents the net annual return. The APY shows the percentage of new tokens you can accumulate over 12 months, which is gross of the applied fees.

You can also create multiple stakes on available cryptocurrencies. You can create a new stake whenever you purchase or deposit new cryptocurrencies. In the “Stake History” section of the platform, you can track all the details: rewards generated, time elapsed since each stake was activated, and their value in euros.

When you create a new stake, you can see potential rewards and their equivalent value at the current price. This tool allows you to perform simulations and estimates, helping you plan your actions to meet your long-term goals.

Liquid Staking – Ethereum (ETH)

Liquid Staking allows you to stake your tokens while maintaining liquidity, making it ideal for those seeking greater agility. On Young Platform, this option is available for Ethereum (ETH) through the provider Lido.

With Lido, staking is managed directly on behalf of the user. Lido handles the staking, manages nodes, and distributes rewards. This process adheres to network activation and deactivation queues, ensuring that users can participate without having to directly manage nodes.

  • Asset: Ethereum (ETH)
  • Provider: Lido
  • APY: Lido provides the APY, which is calculated as an average over the last 30 days. The displayed APY is the gross of the applied fees. 
  • Reward Currency: ETH
  • Compound Interest: Rewards are automatically reinvested into staking, increasing your total balance over time.
  • Minimum Amount: 0.02 ETH (use the Ethereum Converter to calculate the current value)
  • First Reward Credit: Approximately 1 day. This timing may vary depending on network conditions.
  • Reward Credit Frequency: Rewards are credited daily.

Thanks to Liquid Staking with Lido, you don’t need to worry about the complexities of node management. Lido takes care of everything, from managing nodes to distributing rewards, allowing you to participate in Ethereum staking without technical barriers. Moreover, you benefit from compound interest, which grows your balance over time.

Compound interest in staking works like a snowball effect: the longer you keep your cryptocurrencies staked, the greater the potential rewards accumulated. This approach rewards patience and consistency, making staking not only a strategy for immediate rewards but also a method to steadily increase your portfolio’s value over time.

However, it’s important to remember that past returns do not guarantee future results, and the value of cryptocurrencies and staking rewards can fluctuate.

Proof of Stake – Solana (SOL)

Proof of Stake (PoS) on Young Platform will soon be available for Solana (SOL) through the provider Fireblocks. This model selects validators based on the amount of tokens locked in the network. The more tokens you lock, the higher your chances of being selected as a validator and earning rewards.

  • Asset: Solana (SOL)
  • Provider: Fireblocks
  • APY: The APY is the rate the network recognises for validators at that moment. The displayed APY is the gross of the applied fees. 
  • Reward Currency: SOL
  • Compound Interest: Rewards are automatically reinvested into staking, increasing your total balance over time.
  • Minimum Amount: 0.3 SOL (use the Solana Converter to calculate the current value)
  • First Reward Credit: Approximately 4 days
  • Reward Credit Frequency: Rewards are credited every 2-3 days, depending on network conditions.

The network distributes the rewards for Solana at the end of each “epoch.” An epoch lasts, on average, about 2.5 days, which is 60 hours. However, this period is not fixed and can vary depending on the state of the blockchain. For example, if the network is congested, the duration of an epoch may be longer. In any case, the minimum duration is 60 hours.

It is important to note that you must wait for two epochs to receive the first reward after staking SOL. This means it takes at least 96 hours (4 days) to receive the first reward.

Solana’s Proof of Stake is ideal for those who prefer a more traditional staking option. Unlike liquid staking, rewards here do not take advantage of compound interest, but you can still accumulate new SOL by actively participating in the network.

Proof of Stake – Cosmos (ATOM)

Thanks to the collaboration with the provider Kiln, the Proof of Stake (PoS) on Young Platform is available for Cosmos (ATOM). This system allows you to actively contribute to the security of the blockchain network by staking your ATOM and automatically earning periodic rewards.

  • Asset: Cosmos (ATOM)
  • Provider: Kiln
  • APY: Approximately 18%. The annual percentage yield (APY) corresponds to the rate at which the network grants validators at that specific moment. The APY is also gross of the applicable fees.
  • Reward currency: ATOM
  • Compound interest: Rewards are automatically reinvested into staking, increasing your total balance over time.
  • Minimum amount: 10 ATOM
  • First reward credit: 1 day
  • Reward frequency: 1 day

Proof of Stake – Celestia (TIA)

Young Platform also offers Proof of Stake (PoS) for Celestia (TIA) in collaboration with the provider Kiln. With this system, you can put your TIA to work to support the blockchain network and earn rewards simply and automatically.

  • Asset: Celestia (TIA)
  • Provider: Kiln
  • APY: Approximately 9%
  • Reward currency: TIA
  • Compound interest: Rewards are automatically reinvested into staking, increasing your total balance over time.
  • Minimum amount: 10 TIA
  • First reward credit: 1 day

Reward frequency: 1 day

Extra benefits for Young Platform Club members

For members of a Young Platform Club, an exciting new feature makes staking even more advantageous. Alongside receiving rewards in the cryptocurrency you’ve staked, like Ethereum (ETH), you’re also entitled to an additional APY in YNG tokens. This means you will receive the cryptocurrency you staked and a second reward in YNG tokens for every stake activated. 

This dual benefit furthers the value of your portfolio, ensuring greater diversification and potentially better results over time. Club members can thus maximise staking returns, taking advantage of rewards in two different assets with each operation.

Ready to Take Action?

Check out the guide for activating staking on Young Platform and start putting your crypto to work today!

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Important Notice

Staking, like any operation involving cryptocurrencies, comes with risks. The value of cryptocurrencies can fluctuate, and staking rewards are not guaranteed. Past returns do not indicate future outcomes and staking rewards can vary depending on factors such as the specific cryptocurrency protocol, the number of validators, and market conditions. It’s crucial to conduct thorough research and fully understand staking mechanisms before proceeding. Young Platform is committed to providing clear and transparent information but cannot be held responsible for any losses or damages resulting from the use of staking services. Users acknowledge that potential risks and/or attacks on one or more blockchain

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Guide to activating Staking on Young Platform

activating staking

Learn how to activate on-chain staking and earn new cryptocurrencies as rewards automatically and regularly.

What is Staking?


Staking allows cryptocurrency holders to participate actively in a blockchain network by “locking up” a portion of their assets for a certain period in exchange for rewards. Simply put, by staking, you’re contributing your crypto to support the network’s functionality and security, and you earn new crypto in return.

In staking, the right to validate transactions is linked to the number of coins “locked” in a wallet. Like mining in Proof of Work (PoW), stakes are rewarded for verifying transactions or finding new blocks. This reward is paid in the form of new tokens.

Note: Staked assets cannot be traded or used for buy/sell orders during the staking period, as they are locked on the blockchain.

Why does staking offer rewards?


Staking rewards come from the consensus mechanism of specific blockchains, such as Proof of Stake (PoS). By staking, you help validate transactions and maintain the network’s security, ensuring its decentralised and secure operation. In return, you earn new tokens, depending on how much you stake and how long it’s locked.

Note:

  • The more tokens you stake, the greater the rewards.
  • The longer you stake, the higher the rewards.

Staking on Young Platform

Young Platform offers two types of staking:

  • Liquid Staking on Ethereum (ETH)
  • Proof of Stake on Solana (SOL), Cosmos (ATOM) e Celestia (TIA)

Buy and stake ETH

Benefits of Staking with Young Platform

  1. Ease of Use: Young Platform’s centralized platform provides a simple staking experience, making DeFi accessible even to those unfamiliar with the space.
  2. Convenience: Easily stake your idle assets and receive new tokens proportional to the staked amount.
  3. Regular Payments: Earn rewards according to the blockchain protocol.
  4. Flexibility: Closing your stake at any time after activation.
  5. Security: Young Platform uses industry-leading providers to ensure safety.

Minimum and Maximum Staking Amounts

  • Ethereum (ETH): Minimum 0.02 ETH; Maximum 3 ETH per single stake.
  • Solana (SOL): Minimum 0.3 SOL; Maximum 75 SOL per single stake.
  • Cosmos (ATOM): Minimum 10 ATOM; Maximum 1000 ATOM per single stake.
  • Celestia (TIA) Minimum 10 TIA; Maximum 1000 TIA per single stake.

Total Maximum Amounts

  • Ethereum (ETH). Total quantity maximum in stake 300 ETH
  • Solana (SOL). Total quantity maximum in stake 4500 SOL
  • Cosmos (ATOM).Total quantity maximum in stake: 10.000 ATOM
  • Celestia (TIA). Total quantity maximum in stake: 10.000 TIA

For larger amounts, you can create multiple stakes of the same cryptocurrency.

Use the converters below to see the equivalent value in Euros:

How to Activate Staking on Young Platform

Step 1: Buy Cryptocurrencies

You need a minimum amount of crypto to activate staking. Here’s how:

  1. Deposit funds to your account via bank transfer or card (read the guide).
  2. From the homepage, click “Buy”.
  3. Select Ethereum or Solana.
  4. Enter the amount.
  5. Click “Continue” to complete the purchase.

Note: You can stake a single coin or multiple coins simultaneously.

Step 2: Choose Staking

  1. Access the “Staking” section from the homepage. Alternatively, enter the dedicated section for these cryptocurrencies from the SOL, COSMOS, TIA or ETH Market Page or your wallet.
  2. Select the type of staking: Proof of Stake or Liquid Staking. If the cryptocurrency supports both types, you can activate both.
  3. Understand the APY (Annual Percentage Yield): You’ll see an APY figure representing the potential yearly yield during the selection. It’s an average of the last 30 days (for Ethereum) or that recognised by the network at that precise moment (for Solana, Cosmos, Celestia) and may vary depending on market conditions. Therefore, this value may vary over time. The APY is shown after the applicable fees. 

Note: Rewards are credited to the staked cryptocurrency. E.g., if you stake ETH, you earn new ETH tokens.

Step 3: Activate Staking


After selecting the type of staking, you’ll see its details, including:

  • Club Reward: Members of our Club receive extra rewards in YNG tokens.
  • Activation Time: The time required for staking to go live on-chain after creation. During this period, no rewards are earned.
  • Reward Credit: Frequency of rewards and whether they’re compounded automatically.
  • Closing Time: The time needed to unlock your assets and transfer them back to your main wallet upon stake closure.

For a complete overview, check out the Fees and Pricing page.

Note: Each protocol has a different structure and staking mechanism. These protocols are maintained and supported by various third-party projects that are distinct and separate from Young Platform

Step 4: Insert Amount


Read the information sheet and enter the amount of crypto you want to stake. Remember to check the minimum required for each coin. Thanks to the euro equivalent displayed, you’ll know exactly how much you’re staking in traditional currency.

Once confirmed, review the summary and finalise.

Note: The euro value of the rewards is calculated by applying the APY to the staked amount. However, this is only an estimate—actual rewards may vary due to market conditions and the network status.

Monitoring your staked assets

Once activated, monitor your stakes in the Active Staking section. You can also view the stake’s history, current status, and any earned rewards. Possible states include:

  • ACTIVATION: Staking is being activated on the blockchain.
  • ACTIVE: Staking is live, and you’re earning rewards.
  • CLOSING: You’ve requested to close the stake; the assets are unlocking.
  • CLOSED: Staking is fully closed, and rewards are no longer earned.

In this summary screen, you’ll also see:

  • Staking Reward: the total new crypto you have received as a reward.
  • Club Reward: YNG tokens earned.
  • History: Includes creation date, activation date, first reward date, and more.

Rewards begin accruing only after the validator activates and processes staking. If you withdraw early, rewards may not be paid. Rewards are based on estimated validator earnings, which are the gross of the Young Platform’s fees. 

Young Platform does not guarantee specific rates or returns. The first reward might take longer due to activation time and validator performance.

What’s next?

Great job getting this far! Now, it’s time to aim higher. Move on to the next chapter:
Guide: creating new stakes for adding funds to existing ones

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Guide: creating new stakes for adding funds to existing ones

create new stakes

Now that you’ve created your first stake, it’s time to consider a medium to long-term strategy. The key to maximising your rewards is to plan how much of your budget you intend to allocate to staking each month and on which cryptocurrencies.

Creating an accumulation strategy through staking can exponentially increase your rewards, thanks to the effect of compound interest (when available). This means that each new reward received is staked again, increasing the number of cryptocurrencies at stake and, consequently, the rewards month after month.

Create a new stake

How to create new stakes

You can create multiple stakes for the same cryptocurrency by choosing between two options: adding funds manually as a one-time transaction or activating a recurring purchase to automate the process. For example, if you decide to allocate €200 in ETH for staking each month, you can do it easily by following these steps:

  1. Access the “Staking” section.
  2. Choose the cryptocurrency you want to create a new stake for from the list of active stakes.
  3. Click on the “Create Stake” button.
  4. Follow the same steps as you did with your first stake: enter the amount, review the conditions, and confirm the operation.

If you prefer automation, activate recurring purchases to allocate a periodic amount to your chosen cryptocurrency. This allows you to gradually accumulate crypto, reduce the impact of volatility, and simplify your staking management. Read more: Automate your crypto growth: introducing recurring purchases for staking.

Mid-Term Strategy Simulation

To understand the impact of compound interest and additional contributions on staking, let’s examine two different scenarios in which a user stakes Ethereum (ETH) for 24 months.

Assumptions

  • APY (Annual Percentage Yield): 5%
  • Rewards credited daily
  • Scenario 1: Initial capital of €1,500, without any additional contributions.
  • Scenario 2: Initial capital of €1,500, plus a monthly contribution of €200 
  • Current price of Ethereum: €2,000 per ETH
  • The price of Ethereum remains constant throughout the period (for simplicity).

Scenario 1: Initial Capital of €1,500

In this scenario, you start with an initial stake of €1,500 in Ethereum, assuming an APY of 5%. Considering the initial price of Ethereum is €2,000, you will lock 0.75 ETH at the start.

Your funds will grow over time due to compound interest. By the end of 24 months, the value of your portfolio will have increased to €1,653.75, which equates to approximately 0.8287 ETH.

The reason your ETH amount increases over time is due to the effect of the 5% APY. Based on this simulation, each year, you earn 5% interest on your staked amount. These rewards are continuously staked, creating a compounding effect that progressively grows your holdings.

Scenario 2: Initial Capital of €1,500 + €200 per month

Scenario 2 starts with the same initial conditions: €1,500 in staking and a 5% APY. However, we add €200 each month into the same staking position. Every month, you contribute €200 more to your Ethereum staking.

Not only do you continue to receive rewards on the initial amount, but the monthly contributions of €200 consistently increase the base amount upon which the APY is calculated. This means that you’re not just earning rewards each month—you’re also adding new capital that helps your overall portfolio grow even faster.

At the end of the 24 months, once the staked crypto is “unstaked,” you will have a total of €6,730.89, corresponding to approximately 3.3654 ETH. As you can see, adding even a small amount each month significantly increases the accumulated total. It’s not just the €200 added monthly—every euro you staked has worked for you, generating additional rewards.

This simulation is for illustrative purposes only and does not constitute a promise of returns or profit. Actual results may vary significantly. The information provided in this text is for informational purposes only and does not constitute financial advice. Young Platform S.p.a. is not responsible for any losses or damages from using this information. Please refer to Young Platform’s Staking Wallet Terms & Conditions for a complete description of the service and its associated risks.

How to Create New Stakes and Maximize Rewards

Monitoring total rewards

To monitor your staking activities and total rewards:

  1. Go back to the page of the active stake you want to check.
  2. At the top, you’ll see the “Staking Balance”, which represents the total amount of cryptocurrencies staked. For example, if, over the past three months, you’ve created:
    • One stake of 3 ETH
    • One stake of 2 ETH
    • One stake of 5 ETH
    • The total shown will be 10 ETH.

In addition, you’ll see the euro equivalent of the cryptocurrencies in staking at the current price.

Note: The indicated balance only includes actively staked cryptocurrencies, not the accumulated rewards. You can find the rewards under the “Total Results” section, which includes:

  • Stake Rewards: Cryptocurrencies accumulated as rewards for staking.
  • Club Rewards: Additional tokens (YNG) are obtained if you are subscribed to the Young Platform Club.

General information about staking

In the same section, you will find an overview of the active staking features, including:

  • Activation Time: The period required for the staking to become operational.
  • Credit Frequency: The frequency with which you receive rewards.
  • Closure Time: The time needed to unlock cryptocurrencies after a closure request.
  • Type of Staking: Proof of Stake or Liquid Staking.
  • Annual Reward (APY): The expected return yearly.
  • Club Advantage: If you are subscribed to the Club, you will see additional benefits such as extra rewards in YNG.

Staking management sections

Activity

In this section, you can view the status of each stake:

  • The number of tokens currently staked.
  • The number of tokens in the activation phase.
  • The number of tokens unlocked after the closure of one or more stakes.

Stake History

Here, you will find the complete history of all the stakes you have created. By clicking on each one, you can view the details of your Position:

  • Stake Status: In activation, active, in closure, or closed.
  • Amount of Rewards Accumulated for that specific stake.
  • Club Rewards (YNG) obtained for that stake.
  • Stake History:
    • Creation Date.
    • Activation Date.
    • Date of First Reward.

If you have requested the closure of a stake, you will also see:

  • Closure Request Date.
  • Effective Closure Date.

This overview will allow you to easily monitor your staking strategy and add new funds to maximise your rewards.

What’s Next?

Now that you’re familiar with creating and managing stakes, it’s the perfect time to explore the benefits of Young Platform Clubs. These clubs can increase your rewards and offer additional benefits. If you wish, you can also consult the dedicated guide to closing one or more stakes, so you have all the information you need to manage your staked cryptocurrencies effectively.

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Guide to Club Benefits for Staking on Young Platform

club benefits staking

Discover how to earn double rewards from a single stake.

Staking on Young Platform not only allows you to earn standard rewards, but if you’re a member of one of the Clubs, you can also benefit from extra perks in the form of YNG tokens. These additional benefits accumulate over time and are credited when the stake ends, further boosting your overall earnings.

Club benefits

Young Platform Club members receive extra rewards in YNG tokens, which are calculated based on their club level. The levels and corresponding bonuses are:

Ethereum (ETH) Staking

  • Bronze Club: +5% bonus on APY in YNG tokens
  • Silver Club: +15% bonus on APY in YNG tokens
  • Gold Club: +30% bonus on APY in YNG tokens
  • Platinum Club: +70% bonus on APY in YNG tokens

Solana (SOL) Staking

  • Bronze Club: +3% bonus on APY in YNG tokens
  • Silver Club: +8% bonus on APY in YNG tokens
  • Gold Club: +15% bonus on APY in YNG tokens
  • Platinum Club: +35% bonus on APY in YNG tokens

Cosmos (ATOM) Staking 

  • Club Bronze: +0,75% bonus on APY in YNG tokens
  • Club Silver: +2,5% bonus on APY in YNG tokens
  • Club Gold: +5% bonus on APY in YNG tokens
  • Club Platinum: +11,5% bonus on APY in YNG tokens

Celestia (TIA) Staking 

  • Club Bronze: +1,5% bonus on APY in YNG tokens
  • Club Silver: +5% bonus on APY in YNG tokens
  • Club Gold: +10% bonus on APY in YNG tokens
  • Club Platinum: +23% bonus on APY in YNG tokens

Join a Club

How does the Club bonus work?

To better understand how this works, let’s look at a practical example:

  • Amount in staking: €1,500
  • Cryptocurrency staked: Ethereum
  • Ethereum APY: 5%

If you’re a Platinum Club member, you earn an additional 70% of the 5% APY as a bonus in YNG tokens. This means your bonus will equal 3,5% of the staked amount in YNG tokens. Specifically:

  • Ethereum APY: 5%
  • Platinum Club Bonus: 70% of 5% = 3,5%

In this example, a Platinum Club member staking ETH would receive:

  • Reward in ETH:
    5% of €1,500 = €75 in Ethereum (ETH)
  • Bonus in YNG tokens:
    3,5% of €1,500 = €52,50 in YNG tokens

Thus, by staking €1,500, Platinum Club members in this example receive €75 in ETH and €52,50 in YNG tokens, totalling €127,50 in overall rewards.

Similarly, members of other Clubs receive a progressively increasing percentage:

  • Bronze Club: +5% of 5% APY = 0,25% extra reward in YNG tokens
  • Silver Club: +15% of 5% APY = 0,75% extra reward in YNG tokens
  • Gold Club: +30% of 5% APY = 1,5% extra reward in YNG tokens
  • Platinum Club: +70% of 5% APY = 3,5% extra reward in YNG tokens

This Club Advantage simulation is purely for illustrative purposes and does not represent any guarantee of return or profit. Please keep in mind that actual results may vary significantly. This is because the calculation is based on several constantly evolving factors, such as the APY offered by ETH staking, the price of ETH in euros, and the price of the YNG token. The APY can change over time depending on market conditions and the Ethereum network, while the value of ETH and YNG can fluctuate significantly, affecting the value of the rewards. Remember that this information is for informational purposes and is not intended to provide financial advice. Young Platform S.p.a. assumes no responsibility for any losses or damages from using this information. For a complete description of the staking service and the associated risks, we invite you to consult the Terms & Conditions – Staking Wallet of Young Platform.

Medium-Term strategy simulation

Applying the Platinum Club advantage to the two scenarios outlined in the article “Guide: creating new stakes for adding funds to existing ones,“ let’s see how the ETH and YNG portfolio grows.

  • APY (Annual Percentage Yield): 5%
  • Rewards are credited daily
  • Scenario 1: Initial capital is €1,500, without any further contributions.
  • Scenario 2: Initial capital is €1,500, with an additional monthly deposit of €200 into staking.
  • Current price of Ethereum: €2,000 per ETH
  • Assuming the price of Ethereum remains constant over the period (for simplicity).

ETH Value Chart

  • Scenario 1 (Initial Capital): Shows a steady growth based solely on the 5% APY applied to the initial capital of €1,500.
  • Scenario 2 (Initial Capital + Monthly Contributions): Capital increases significantly monthly, thanks to the additional €200 monthly contributions. These contributions help grow the overall staking value, leading to accelerated growth in rewards.

YNG Bonus Chart

  • Scenario 1 (Initial Capital): The YNG bonus grows linearly, based on the 5% APY on the initial capital.
  • Scenario 2 (Initial Capital + Monthly Contributions): With the additional monthly contributions, the growth of the YNG bonus becomes much steeper.

This simulation is for illustrative purposes only and does not constitute a promise of returns or profit. Actual results may vary significantly. The information provided in this text is for informational purposes only and does not constitute financial advice. Young Platform S.p.a. is not responsible for any losses or damages from using this information. Please refer to Young Platform’s Staking Wallet Terms & Conditions for a complete description of the service and its associated risks.

Join a Club

When will you receive Club rewards?

YNG token rewards accrue at the same rate as regular staking rewards, accumulating throughout the staking period. You can view the total YNG tokens earned in the summary of your results or the details of each stake. Upon closing a stake, the YNG tokens are transferred to your Young (YNG) main wallet, which you can use for trading.

What happens if you join a Club with an active stake?

If you join a Club while you already have an active stake, you’ll start receiving extra rewards in YNG tokens when you become a Club member. However, these rewards are not retroactive—they will only be calculated from your Club membership activation date. In other words, bonuses will accrue from the day you join and will not be applied to staking periods before joining the Club. This allows you to maximise benefits for the remainder of the staking period.

What happens if you leave a Club with an active stake?

If you leave a Club while your stake is still active, you will stop receiving extra rewards in YNG tokens from when you leave the Club. However, all YNG rewards accumulated until the day before your departure are guaranteed and will be credited as usual upon closing the stake. In other words, you won’t lose what you’ve already earned but won’t accumulate further YNG rewards from the day you leave the Club.

The Opportunity of Clubs

Young Platform Clubs offer an exciting opportunity to maximise staking gains beyond traditional rewards by rewarding loyal users with an additional bonus in YNG tokens. If you want to make the most out of your staking, consider joining one of the Clubs to increase your overall rewards significantly!

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Guide: closing a Stake

closing staking

To request the closure of a stake, the stake must have an ACTIVE status. It is impossible to close stakes still in the activation phase. Depending on your needs, you can choose to close one, several, or all stakes simultaneously.

Note
You will no longer receive rewards once the closure procedure has been initiated.

What is Meant by “Closing Time”?

The closing time refers to the period required to unlock the staked funds on the blockchain and transfer them to your Main Wallet, according to the specific blockchain protocol rules. During this unlocking phase, no further rewards will be accrued.
For details about the length of the closing period, refer to the Fees and Pricing page.

Unlocking the Funds

Once the unlocking process is complete, the funds staked and the rewards accumulated up to the time of the closure request will be transferred from the Staking Wallet to the Main Wallet. The destination wallet will depend on the cryptocurrency you have staked, for example, the Ethereum Main Wallet for ETH.
By accessing the different wallets, you can view the transactions related to the transfer of cryptocurrencies.

The credit of YNG Tokens for Club Members

If you are a member of a Young Platform Club, the YNG tokens accrued up to the time of the stake closure will be credited to your Main YNG Wallet. Unlike staking rewards, distributed periodically, Club rewards are credited in one lump sum at the time of stake closure.

Stake Status

Once the stake has been closed, its status will change from CLOSING to CLOSED. You can view this change in the Activity section and the Stake History section on the specific Staking Management page.
During the stake-closing process, the following phases are executed:

  1. Closure Request: The date on which the user requested the closure of the stake.
  2. On-chain Unlocking: The point at which the staked cryptocurrencies are unlocked from the blockchain, marking the end of active staking.
  3. Transfer of Funds and Rewards: The funds and rewards resulting from staking are transferred to the cryptocurrency’s Main Wallet.
  4. Credit of YNG Rewards: If the user is subscribed to a Young Platform Club, the extra YNG rewards will also be credited to the YNG Wallet.

This way, the closing process ends with all cryptocurrencies and rewards being available in the user’s Main Wallet.

Closing One or More Stakes

If you have multiple active stakes in the same cryptocurrency, you can select one or more stakes to close or close them all simultaneously, depending on your needs.

How to Close a Stake

Here are the steps to close one or more stakes:

  1. Access the “Staking” section from your homepage or from the specific cryptocurrency wallet.
  2. Choose the cryptocurrency from which you wish to request closure from the list of active stakes.
  3. Click the “Close Stake” button.
  4. Select the stake or stakes you wish to close.
  5. After selecting, click “Continue” and verify that the number of selected stakes and the amount of cryptocurrency to be unlocked are correct.
  6. Carefully read the summary of information: once the closure is confirmed, the operation cannot be undone.

When you decide to close a staking position on Young Platform, it’s important to consider the fees. The fees are applied to the rewards generated, calculated as a percentage, and deducted directly at the time of transfer to the Main Wallet. These fees may vary depending on the cryptocurrency used, the staking provider, and market conditions. If the rewards do not exceed the minimum fee, it will be deducted from the staked amount to reach the minimum. Young Platform ensures transparency by providing clear fee details within the staking Settings.

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Club Benefit: Free Internet Anywhere in the World, Thanks to Saily!

Free eSIM Thanks to Saily and Young Platform Clubs

The crypto world knows no borders. Thanks to Saily and the Young Platform Clubs, you can break down barriers and browse for free wherever you are.


There are countless crypto hubs worldwide: the United States, Hong Kong, Singapore, Lisbon, and Lugano. On its long journey towards adoption, the money of the future shares a characteristic with the generation that uses it most: it is global. For this reason, those working in this sector and those driven by passion might travel far and wide to attend events, summits, conferences, or hackathons.

However, there’s a slight problem: crypto and blockchain require an internet connection to function and be used. But don’t worry, if you’re part of the Young Platform Clubs, we’re here to help with a solution offered in partnership with Saily.

Scopri Young Platform


What is Saily, and how does it work?

Saily is an international eSIM service created by Nord Security, which developed NordVPN. Although these two services—VPNs and eSIMs—may seem very different, they share the same goal: to allow users to browse the internet reliably, even when far from home. Saily offers hundreds of flexible data plans for travelling in over 150 countries, a quick setup procedure, and 24/7 chat support.

The data plans offered by Saily vary, and the features that differ depending on the chosen solution are twofold:

  • The duration: the number of days the eSIM remains active after activation.
  • The amount of GB the plan provides: 1, 3, 5, 10, and 20 GB.

When you choose an eSIM on Saily, you can’t change the duration, as it is automatically associated with the amount of GB. Solutions that include 1 GB of mobile data often have a duration of 7 days, while if you opt for a 3 GB plan or higher, you can use the eSIM for 30 days.

Thanks to some key features, Saily is establishing itself as a leading brand in this young sector. Firstly, its affordability. The price of Saily’s eSIMs is approximately 15% lower than that of its main competitors. 

Additionally, thanks to the Top-Up function, Saily doesn’t require downloading a new eSIM whenever you change countries or run out of GB. Instead, you can add a new data plan from the same or another country to the SIM you already have. This feature is incredibly convenient for those embarking on a road trip. 

How does the benefit work?

This time, we haven’t just offered you discounts; if you’re part of our Clubs, you can activate an eSIM utterly free of charge! Here’s a detailed look at the type of eSIM you can activate at no additional cost, depending on your Club membership.

  • Bronze: 1GB plan (7 days) free;
  • Silver: 1GB plan (7 days) free;
  • Gold: 3GB plan (30 days) free;
  • Platinum: 5GB plan (30 days) free.

How to apply the code?

First of all, join a Club or upgrade to the most advantageous one using the Young Platform app.

  • Go to the Saily website.
  • Select the country where you want to browse and the data plan that best suits your needs. NB: The promo code will only apply correctly if you select the exact plan offered as a gift. So, if you need more GB, make two separate purchases to add more GB on top of those provided.
  • Click on “Proceed to Payment.”
  • Click on “Have a promo code?”
  • Enter the code received via email.
  • Check that the code has been accepted. By entering the promo code, no payment will be requested, and the purchase will be automatically completed.

The promo codes have no expiration date. However, once the code is redeemed during the eSIM purchase process, you have 30 days to activate it.

Additionally, the purchase will be visible on your account through the Saily app. Simply log in with the same account you used during the purchase.

For any questions or concerns, you can refer to their official website: support.saily.com

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YNG Token: Q2 2024 Report

Token Young (YNG): updates and news Q4 2024

Let’s summarise the Q2 2024 YNG token report. What happened in this news-packed quarter? What are the following steps to be taken?

What happened in the last quarter? What were all the targets achieved in Q2 2024? How many tokens were issued, bought and sold, and what are the next steps? A complete overview in this report, compiled in July 2024.

The numbers of Young Platform Clubs in Q1 2024

YNG is Young Platform’s utility token, which grants access to Clubs the subscription plans that offer exclusive benefits dedicated to our biggest supporters. 

The clubs currently consist of 1,699 people, divided into: 

  • 1256 for the Bronze Club
  • 195 for the Silver Club
  • 123 for the Gold Club 
  • 125 for the Platinum Club

To join a Club, a certain amount of YNG must be blocked on the Young Platform exchange. Therefore, the number of registered members is essential for analysing the distribution of the token, especially since the more people join a Club, the lower the selling pressure on YNG will be. The main consequence? A more stable price of YNG.

If we compare these figures with those of the past, Q2 2024 was flat from the point of view of Young Platform Club adoption. At the end of Q1 2024, there were 1,687 members, divided into:

  • 1238 for the Bronze Club
  • 199 for the Silver Club
  • 122 for the Gold Club 
  • 128 for the Platinum Club

As a result, club membership has remained virtually the same, with a weak growth rate of around 0.7%. However, given the market performance of the past months, we can be quite optimistic for the near future. Despite the general bearish movement, which, as anticipated, also affected YNG, the number of members in the Clubs has, albeit slightly, grown.

Distribution of the YNG token

The number of YNG in circulation in April was about 23.5 million. The circulating supply in July was about 23.6 million, meaning a net increase of about 78,449 tokens or 0.33%. 

These tokens were distributed via the Young Platform Step app in different ways: 

  • 19,473 through the completion of Quizzes, Challenges and Up&Down (before the implementation of the levels).
  • 58,975 through the completion of the Levels.

The YNG token market is managed via an algorithm defining the exchange rate through two underlying liquidity pools, EUR and YNG. At launch in May 2022, these pools contained:

  • 1 million
  • 4 million YNG

Considering the sales and purchases of tokens handled in recent months, as of July 2024, the pools contain:

  • 669,000 Euro
  • 6.32 million YNG

This configuration is the result of purchases and sales during the third quarter, summarised below together with the price trend:

Token Young (YNG): updates and news Q2 2024

YNG’s emissions in 2023

What happened during the second quarter of 2024 from the point of view of tokenomics? How the token is issued changed last year after the 3.0 Step update. Now that a bit of history is available let us see how the introduction of XPs aimed at limiting YNG inflation has affected it.

As can be seen from the graph, thanks to the latest Step update, we were able to severely limit the distribution of YNG. The issuance of new tokens was reduced by 95%, and a reduction in active users also caused this effect.

Token Young (YNG): updates and news Q2 2024

The price of YNG

In terms of price action, the second quarter of 2024 was in line with the crypto market’s performance. 

The YNG token in the first quarter of 2024, also thanks to the launch of the new Smart Trades feature, rose from the €0.10 level to the €0.13 level. In the following months, however, thanks to the retracement of most cryptocurrencies on the market, it returned to support in the €0.10 area. However, from the beginning of July onwards, it seems to have regained some strength.

The main catalyst that could bring YNG back to the vicinity of the resistance that rejected it during April is the launch of the decentralised market, scheduled for the coming months. The following paragraphs provide all the details on this issue.

Targets achieved in the second quarter of 2024 

During Q2 2024, we mainly focused on taxation, mainly because the deadline for declaring cryptocurrencies was 30 June 2024. In addition, we carried out all the necessary activities to comply with the European crypto regulation, Market in Crypto Assets (MiCA), which partially came into force at the end of June. This report is an excellent excuse to summarise the work done over the last three months. Let’s look in detail first at all the steps taken in 2024 to increase the attractiveness of our YNG token.

The Fees and Reports Functionality

The central topic of Q2 2024 was the crypto declaration. Compared to previous years, mainly due to the Agenzia delle Entrate, circular 30E and the Italian Legge di Bilancio  for 2023, the obligation to declare one’s crypto was explicitly highlighted. Mainly due to two issues, as the documents mentioned above state:

  • Meet regulatory requirements for combating money laundering and terrorist financing.
  • Determine the taxes due based on the potential income generated.  

How did we enable our users to comply with the latest regulations as easily and intuitively as possible? Above all, how have we tried to make our YNG token more central, also regarding this issue?

The flagship feature, revamped from 2023, is the Tax Report. This time, however, it has been placed within a larger section, which we have decided to call ‘Taxes and Reports‘, built to become the only medicine needed against the declaration ‘headache’, and consists of these services:

  • The Young Platform Tax Report was updated for the 2024 declaration – valid for the income declaration in Italy.
  • The Tax Report Integrated with Okipo (exchange, wallet and third blockchain) – valid for the declaration of income in Italy.
  • The Young Platform Transaction Report
  • Stamp duty 
  • The consultancy service with our accountants – valid service for the declaration of income in Italy.

To ensure the best possible experience for members of the Young Platform Clubs, populated by our most loyal supporters, we applied graduated discounts for each service in the ‘Fees & Reports’ section.

The following discounts have been applied to the
Tax Report, consisting of a practical PDF with a clear and simple outline of all the cryptos you own and the data you need to fill in your tax return, including the facsimiles of Form RW and Form RT, compared to the starting price of €29

  •  Club Bronze: 10%.
  •  Club Silver: 20%.
  •  Club Gold: 40%.
  •  Platinum Club: 80%.

The same percentages were also applied to Okipo’s Integrated Report. This document is designed for Young Platform users who also use other exchanges, own NFTs, have cryptocurrencies on DeFi platforms or simply store their crypto-assets on wallets outside of Young Platform:

  • Club Bronze: €54 (instead of €229 per fiscal year).
  • Club Silver: €49 (instead of €229 per fiscal year).
  • Club Gold: €44 (instead of €229 per fiscal year).
  • Platinum Club: €39 (instead of €229 per fiscal year).

Listing of the Young Token (YNG)

Some of the most interesting news, as far as the last quarter is concerned, concerns our YNG token. In contrast to what we wrote in the previous report, where we assumed that we would start trading on decentralised exchanges by the end of the third quarter of 2024, the set-up has changed slightly. 

First of all, we have decided to place this activity within the evolution process of our products, the main points of which you will find at the end of this Report. In addition, we intend to include, before the opening of the Liquidity Pools, two sales phases (one private and one public). There are three main reasons for this decision: 

  • strengthen YNG’s liquidity;
  • increase the budget to support the project (to be allocated mainly to development and marketing in order to achieve the ambitious internal goals we have set ourselves);
  • maximize interest around the event: in this way, we expect to be able to reach a wider audience of crypto users who are active in the decentralised market but are not yet familiar with our ecosystem.

In any case, the work that will allow us to expand into the decentralised market has officially begun, after the company’s management approved the operational plan. This foresees YNG landing on the decentralised exchange (DEX) by the end of 2024. 

In addition, we have started to dialogue with several decentralised blockchain protocols, specifically some Layer 2s of Ethereum. This activity has several objectives. First of all, it aims to identify the ecosystem that best matches our principles and values since we want to open the pools on at least one other blockchain besides Ethereum, where the deployment of YNG took place. We also need to define, together with the stakeholders, the incentive programme for those who will use our token. 

In the first few days after the ‘green light’, we worked on the necessary documentation to tackle the next steps, which we will present to the Platinum Channel members of our Discord server in the coming weeks. If you are a club member but are not yet in the dedicated channel, join and check your mail. You should have received a form!

As already mentioned, work on the ‘token project’ is being carried out in a manner consistent with that on the corporate roadmap, as we intend to make YNG increasingly central within our ecosystem. As was already the case with the Smart Trades feature, in fact, each new feature will introduce new benefits for club members, incentivising users who are not members to join.

Discord Leaderboard

The first round of prizes for Discord users is on its way! These days, we are collecting all the necessary data to send out the prizes at the beginning of September.

If you are registered on Young Platform, you should have received a notice about it. For those who don’t know what it is, it is the Young Platform community’s common space where you can exchange opinions and thoughts about your journey in the crypto world.

OK, but what is the communication for? Within the server, there is a leaderboard in which members are ranked according to the XP (experience points) they have earned through their activity. In order to reward the most active members, however, we need to link their username to their Young Platform account. If you are not yet part of this exciting group, you have to join! After all, an adventure becomes much more exciting when shared.

Access Young Platform

News on the way!

Now ‘comes the good stuff’ and even some spoilers. 

As anticipated, during the second quarter of 2024, we focused a lot on the fiscal and regulatory aspects of our industry, given the various deadlines that were looming. At the same time, however, we were also able to plan for the future, setting new and ambitious goals for the coming ones. Check out the main ones.

Staking, we’re almost there!

At the end of June, the European Securities and Markets Authority (ESMA), the body that regulates financial markets and instruments for the European Union, commented on this issue by publishing a Q&A on its official website. One of the questions in the document concerned staking, specifically whether or not MiCA prohibits such activity. ESMA’s answer was quite clear: MICA does not prohibit staking and does not assume that a licence is required to offer it, provided that those providing the service, the so-called crypto-asset service providers (CASPs), act in a manner compliant with the regulations and are liable to their clients for any loss of crypto-assets attributable to them.

For this reason, we immediately set to work on integrating this service along with the ever-present benefits for our Club members, due out by the end of Q3 2024. 

Join a Club!

Account & Card

As many of you may have noticed, we are gathering your feedback and opinions through a form and one-to-one interviews to decide our next big innovation. Your ideas are crucial in shaping our future.

We have something special in the works, a project that has been part of our plans for a long time. Recently, we decided to take it up again, thanks to new opportunities that allow us to think big.

Imagine a novelty that allows you to combine the best of traditional and digital worlds, a feature that does not merely offer a simple tool but aims to transform your daily experience into something revolutionary. We want to differentiate ourselves from our competitors and create something unique, not just an accessory but a valid extension of our ecosystem.

We aim to launch this novelty by the end of the first quarter 2025. We are working on various ideas to reward our Club members and further enhance the YNG token, perhaps with incentives to increase your engagement and rewards.

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New Smart Trades strategies with Crypto-USDC pair and free USDT to USDC conversion

crypto-usdc pair

Young Platform updates the Smart Trades functionality to ensure a trading environment that is compliant with MiCA regulations. 

The company has decided to modify the pairs in the Smart Trades functionality, migrating from the crypto-USDT pair to the crypto-USDC pair.

With this update, we aim to inform our users about the strategic decisions taken by Young Platform following the entry into force of European Regulation No. 2023/1114 of 31 May 2023 concerning Markets in Crypto-assets (MiCA), effective from 30 June 2024.

These decisions reflect the need to comply with the Italian government’s recent approval of the Legislative Decree of 25 June 2024. This decree aims to align the national regulatory framework with the provisions of the MiCA Regulation and ensure coordination with existing regulations in Italy, particularly the Consolidated Banking Act (TUB) and the Consolidated Finance Act (TUF).

8 July 2024: new Smart Trades strategies with Crypto-USDC pair

Starting on 8 July 2024, Young Platform will implement a significant change in the Smart Trades strategies offered to users, utilising the crypto-USDC pair. Therefore, from 8 July to 15 July, adding new funds to strategies already active or created during this timeframe will not be possible.

This strategic decision is to comply with the MiCA Regulation, which promotes security and transparency in the cryptocurrency sector.

USDC’s adoption as the reference stablecoin in the new Smart Trades strategies is motivated by its growing adoption and complete adherence to the regulatory requirements of the MiCA Regulation. USDC is widely recognised for its stability and regulatory compliance, making it an ideal choice for users seeking safety and reliability in their trading operations.

Young Platform has always placed great emphasis on compliance and protecting the interests of its users. This new implementation represents a further step forward in ensuring a secure, transparent, and compliant trading environment. Our platform continues to evolve to meet the needs of a constantly changing market, offering innovative and regulatory-compliant solutions.

15 July 2024: conversion of USDT to USDC in active Smart Trades

Starting from 15 July 2024, Young Platform will convert all USDT to USDC in Smart Trades strategies activated before 8 July 2024 for free. The user will not incur any fees for this conversion. 

This initiative is part of our ongoing commitment to ensuring compliance with regulations and providing an efficient and advantageous service for users. The free conversion eliminates additional costs for the user, facilitating the transition to a compliant and consolidated stablecoin like USDC.

USDT, PAX Gold, and DAI will not be delisted

Young Platform does not plan to delist USDT, PAX Gold, and DAI until further notice. We are actively collaborating with the foundations of these stablecoins to support their compliance with the MiCA Regulation. By the end of July, we will provide updates on the availability of these currencies on our platform.

Moreover, we will closely monitor any regulatory updates or communications from the stablecoin issuers and promptly inform users of relevant news.

Conclusion

Young Platform remains firmly committed to ensuring a safe, compliant, and advantageous trading environment for all users. The new Smart Trades strategies with the crypto-USDC pair and the free conversion of USDT to USDC are concrete steps towards regulatory compliance and protecting users’ interests. We thank everyone for their understanding and cooperation during this transition phase.

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Communication to Young Platform Users Regarding MiCA Regulation

usdc compliant micar

Communication to Young Platform Users Regarding MiCA Regulation and USD Coin

Following our communication on June 29, we want to update you on the compliance of stablecoins on Young Platform concerning the MiCA Regulation.

USDC Stablecoin Compliance

We are pleased to inform you that the USDC stablecoin is now fully compliant with the MiCA Regulation. The USDC and EURC White Papers, available here, provide further details.

As of 1 July 2024, USDC will be issued as an EMT (Electronic Money Token) under Article 3 of the MiCA Regulation. USDC will remain available on the Young Platform without interruptions or modifications.

Official Website: Take a look at the Circle and USDC websites.

For information and support, visit the Circle website or open a ticket.

For all information requests and subpoenas from law enforcement, send an email to [email protected].

Updates on Other Stablecoins

Regarding the other token (USDT, PAX Gold, and DAI), we await official communications from their respective issuers about their compliance with MiCA. In the meantime, Young Platform has taken the following measures to ensure compliance with the new European regulation:

  • Continuous monitoring of official communications from the issuers.
  • Timely updates to users regarding any news on the compliance of the stablecoins.

We will keep you informed with a new communication shortly about the next steps regarding these stablecoins.

Thank you for your attention, and please stay tuned for further updates.

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Communication to Young Platform Users regarding MiCA Regulation

We are approaching a pivotal stage in the world of cryptocurrencies: the entry into force of European Regulation No. 2023/1114 of 31 May 2023 concerning Crypto-Asset Markets (MiCA). In particular, the first block of the relevant European legislation will come into force on 30 June, which will significantly impact stablecoins and the broader digital asset market across the European Economic Area (EEA). Specifically, under the MiCA Regulation, authorised stablecoins must meet stricter reserve requirements, governance, and transparency requirements. Furthermore, on 25 June 2024, the Italian government approved the Legislative Decree to align the national regulatory framework with the MiCA Regulation, aiming to ensure coordination with existing sector provisions in Italy (particularly with the TUB and TUF).

What changes for Users?

With the entry into force of the MiCA Regulation, Young Platform is working to ensure that all cryptocurrencies offered on our platform comply with the MiCA Regulation, implementing a series of measures to protect Users and create an even safer and regulated environment.

  • Stablecoin: The MiCA Regulation introduces new rules for Stablecoins, which must meet specific requirements to be offered to the public. For reasons better explained below, Young Platform is already working to comply with this new regulation. Still, no changes are planned to the offering of Stablecoins on our platform. We will continue monitoring regulatory developments and guidance from competent authorities and promptly inform Users of any updates.
  • Greater transparency (Articles 27, 29, and 40 MiCA): We will provide more detailed information on the cryptocurrencies offered, including associated risks and specific characteristics of each token. In particular, we will focus on Asset Reference Tokens (ART) and Electronic Money Tokens (EMT), for which MiCA establishes specific requirements (Articles 16 and 48 MiCA):
    • a) ART Tokens: According to Article 3(6) of MiCA, these are “a type of crypto-asset that is not an electronic money token and aims to maintain a stable value by referencing another value or right or a combination of the two, including one or more official currencies.” The MiCA Regulation requires platforms like Young Platform to obtain written consent from the issuer of the ART token before offering it to the public (Article 16 MiCA) and to comply with specific transparency and communication obligations (Articles 27, 29, and 40 MiCA).
    • b) EMT Tokens: According to Article 3(7) of MiCA, these are “a type of crypto-asset that aims to maintain a stable value by reference to the value of an official currency.” The MiCA Regulation establishes stricter requirements for EMT token issuers, which must be authorised as credit institutions or electronic money institutions (Article 48 MiCA) and must also publish a White Paper containing detailed project information (Article 51 MiCA). Platforms offering EMT tokens must also comply with specific rules on communication and marketing (Article 53 MiCA).
  • Clear communications (Articles 29 and 53 MiCA): Our communications will be even more transparent and informative, in line with MiCA requirements on marketing and advertising. We will provide all the necessary information to make informed decisions. In particular, regarding EMT tokens, our marketing communications will comply with MiCA’s specific provisions for this type of token.
  • Dedicated support: Our Customer Support Team is available to answer any questions or concerns you may have regarding MiCA and its implications.

What changes for Spot Trading services, purchasing Stablecoins with Fiat Currency, and Smart Trades?

Although the MiCA Regulation has introduced specific requirements, particularly for Asset-Referenced Tokens (ART) and Electronic Money Tokens (EMT), it does not provide a definitive and exhaustive list of which cryptocurrencies fall into these two categories.

This means that issuers themselves have not openly declared with certainty whether their Tokens should be considered EMT or not. Consequently, Young Platform is in the position of having to independently interpret the regulation and is awaiting definitive clarification from the relevant authorities.

To date, Young is doing its best to contact all Token issuers that may fall into the aforementioned categories, asking them whether they are working to comply with the new obligations for ART and EMT issuers. Due to the absence, as mentioned, of a precise classification of these types of Tokens and considering the various possible interpretations of the regulation, Young Platform has not made any changes to its Spot Trading service for Users or, for the same reasons, to the service of purchasing Stablecoins with Fiat Currency or the Smart Trades service. It should be noted that in the first week of July, we will send Users a new update regarding the classification of EMTs and ARTs, to provide the latest data on issuers who have decided to regularise their Tokens and to specify how these issuers intend to operate. Furthermore, the same communication will further clarify how Young Platform intends to manage Tokens not authorised under the MiCA Regulation.

Certainly, the Company will continue to monitor regulatory developments and guidance from competent authorities constantly, and we will promptly inform Users of any updates and/or changes to the service.

Finally, we invite you to consult the official MiCA summary prepared by public authorities, available at this link.

If you have any questions or doubts, please do not hesitate to contact our customer service. We are here to help you navigate this new regulatory landscape and make the most of the opportunities offered by the MiCA Regulation.