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Smart Trades available on Young Platform

Smart trades are algorithmic trading strategies. This article will examine the types available on Young Platform and how they work.

Algorithmic trading in brief 

Imagine algorithmic trading as the use of an autopilot for trading. Just like the autopilot of a plane or Tesla, it follows precise instructions to take us to our destination. In algorithmic trading, software acts according to well-defined rules (the algorithm) to buy or sell assets such as stocks, bonds or cryptocurrencies. Smart trades work this way, thanks to their algorithms. 

The advantages of algorithmic trading 

The main advantage lies in eliminating emotional and psychological influences that determine human decisions, using a cold, logical approach to data instead.  Unlike us, the algorithm never rests: it scans the data and the market 24/7, even while we sleep. 

Algorithmic Trading on Young Platform 

The algorithm, in itself, acts according to rules. Each algo-trading strategy available on Young Platform has its specific algorithm, built on an ‘indicator’. 

Indicators work like ‘sensors’ that try to understand what will happen once they have analysed the data. Based on the result, the algorithm executes a buy or sell order. It is essential to remember that indicators analyse statistical trends and are therefore not infallible. This is because the market is unpredictable, and no one, not even mathematics, can predict the future. 

Smart Trades available 

Let’s, therefore, take a look at the strategies available on Young Platform and their respective indicators: 

Discover on Young Platform

Each Smart Trade can be activated on one of the following cryptocurrencies:

NB. The following definitions have been greatly simplified to make them accessible to a non-expert audience. To explore the indicators, please read the in-depth analyses of the Academy below. Also, remember that the information below, including that in the summary tables, is not a magic formula. Financial markets are complex and unpredictable, and the performance of an indicator can vary depending on many factors.

Before proceeding, consider your risk profile, investment objectives and time horizon. Also, do not base your decisions on a single source of information; always consult a professional who can help you base your choices. In this table, you will find some information that may help you research. But don’t forget: the final decision is always yours! 

Supertrend

This strategy takes its name from the indicator on which it was built: the Super Trend Indicator. In a nutshell, it works on short-term volatility by trying to identify price trend reversals.  

A trend reversal, also called a price reversal, is a change in the direction of prices. The prices of a specific asset are hitherto oriented in a particular direction, and they change direction. There are downward reversals and upward reversals. The trend changes from positive to negative in the first case, while the opposite occurs in the second case.  

The dedicated guide includes other ranking parameters to help you assess whether this strategy is right for you.

Keltner Channels 

The Keltner Channel was first introduced by Chester Keltner in the 1960s. This indicator mainly studies price strength. 

The Keltner Channels help identify potential entry and exit points in an upward market. They tend to work best in high volatility, i.e., when an asset’s price moves steadily. Conversely, if the price remains stable, it may suggest a less volatile or consolidating market.

The dedicated guide includes other ranking parameters to help you assess whether this strategy is right for you.

Momentum 

This indicator is a tool that helps analyse markets to understand whether the price of an axis is getting stronger or weaker. It tells us whether the price is rising rapidly, falling, or changing slowly. This indicator mainly uses two indices: the Relative Strength Index (RSI), which helps to tell if a stock has been bought or sold too much compared to its ‘normal’ value, and the Moving Average Convergence Divergence (MACD), which shows if the price trend of an asset is changing.

The dedicated guide includes other ranking parameters to help you assess whether this strategy is right for you.

Bollinger Bands

The Bollinger Bands strategy, named after its indicator, operates based on ‘buy walls’ and ‘sell walls’. It comes into play when the price enters an ‘overbought’ or ‘oversold’ zone.

In the first case, a cryptocurrency is traded at a price the index evaluates as higher than the “fair” price. Therefore, it is expected that the market will correct shortly, and consequently, there will be a decrease in the value of the cryptocurrency. In the second case, the index believes that the cryptocurrency is traded at a price below its “fair” value. Thus, it is likely that the price will bounce back up.

Other classification parameters in the dedicated guide can help you evaluate whether this strategy is right for you.

How to activate a strategy on Young Platform

Now that we have identified one or more strategies suited to our needs, it is time to get into the swing of things and follow the step-by-step tutorial to activate them. We have devoted an article to the Smart Trades activation guide. In addition, you can read the article on Frequently Asked Questions about Smart Trades.

Young Platform does not provide tax, investment or financial services and advice. The information on this website is provided for informational purposes only and is presented without regard to any specific investor’s investment objectives, risk appetite, or financial circumstances. It may not be suitable for all investor users. Buying and selling cryptocurrencies involves risks, including total loss of capital. Users should always research, consult a qualified professional before deciding, and carefully assess their risk profile and loss tolerance.

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Buy-and-Hold: what it is and how it works

buy-and-hold

Buy and Hold is a widely used long-term approach. It is based on the belief that, despite market volatility, the value of cryptocurrencies will tend to increase in the long run. Think, for example, of someone who bought Bitcoin five years ago and has yet to sell it, hoping for further appreciation.

Buy and Hold: General Considerations 

Buy and Hold is a particularly suitable approach for beginners because it does not require excessive analysis skills or in-depth knowledge of market dynamics. 

On Young Platform, we have developed a feature to use this approach: Moneyboxes. To be able to activate them, these are the elements you need to bring with you: 

  • a lot of patience
  • a budget to be allocated on a weekly or monthly basis
  • a basic grounding in the options available

For this last point, please refer to the end of the article.

Discover it on Young Platform

Why choose the buy-and-hold approach

Each approach has peculiarities that, aligned to the specific needs of each, can turn into significant advantages. Let us take a closer look at the conditions under which Buy and Hold can be particularly suitable:

  • when one has little time or knowledge in the field
  • when you can set aside a budget regularly (the minimum is 20€ in the case of Young Platform operations) 
  • one has an anxious, emotional or high-stress personality 
  • one is not too familiar with the use of applications or web platforms
  • you do not want to achieve goals in the immediate term, but you are thinking of achieving results in the long term
  • one does not know the charts well and finds it hard to understand what is the best price to buy and when is the best time to buy

Advantages of the Buy and Hold Approach

Less emotional impact 

One of the most challenging aspects of buying cryptocurrencies is managing emotions. Market volatility can often lead to hasty decisions based on panic or euphoria. Buy and Hold reduces this emotional stress, as the user does not have to worry about daily market fluctuations.

Long-term benefit

Historically, many cryptocurrencies have shown a long-term appreciation trend. People who bought Bitcoin or Ethereum in their early years and held the position have often seen strong results. Of course, we know that ‘what has been‘ is no guarantee of ‘what will be’. However, looking at a chart that photographs the performance of a cryptocurrency from its inception to the present can help us understand whether a long-term approach has the best chance. This means the answer is ‘yes’ for one cryptocurrency and ‘no’ for another.

Simplicity of management

Unlike active trading, which requires constant attention and analysis of the market, the buy-and-hold approach is relatively simple to manage. Once the repetitiveness of buying is set, the user only has to monitor the market occasionally.

Reducing transaction costs 

Each transaction may involve costs, such as buying and selling commissions. The buy-and-hold approach minimises the number of transactions, thus reducing the associated costs.

Flexibility of market entry

Systematic hoarding, also known as Dollar Cost Averaging, allows users to enter the market at an average cost, reducing the risk of buying large amounts of cryptocurrency at an unfavourable time.

More excellent protection against short-term volatility 

By holding cryptocurrencies for an extended period, users are less exposed to the inevitable short-term market fluctuations, which can often be drastic.

How to apply this approach 

Young Platform has developed an ad hoc section for this type of user: Moneyboxes. 

Each Moneybox comes with a powerful tool: recurring purchases. 

The recurring purchase is an automatic order executed according to our chosen settings. 

There are three parameters to be entered:

  1. The budget
  2. Frequency
  3. The cryptocurrencies we are interested in

Choice of budget

The easiest way to decide on a budget is, for example, to analyse our expenses monthly. How much can we put aside? And how much of this budget do we want to convert into cryptocurrencies? 

All that remains now is to decide how to load the budget into our account: by credit card, debit card, prepaid card or bank transfer. Follow the deposit guide for a complete tutorial on the procedure. 

NB. When setting the recurrence of the deposit, make it a few days earlier than the one you set for the Moneybox. 

Frequency

Once the budget has been established, all that remains is to ‘unpack’ it into several purchases. The choice can fall on:

  • 1 purchase per month
  • 1 purchase every fortnight
  • 1 purchase per week

The choice will also depend on the size of the budget. For example, if it is 1,000€ per month, I may consider splitting it into several purchases so that the average purchase price is well spread over the 30 days. 

Essential preparation on available options

Three types of Moneyboxes are available on the Young Platform. Each includes one or more cryptocurrencies, and knowing what we buy is essential. For an informed choice, it is crucial to learn more about the characteristics of each cryptocurrency, such as its history, market positioning and potential applications.

The Curated Bundle

These are Moneyboxes already diversified by market area:

Single Coin Moneybox

To purchase an individual cryptocurrency, simply select one from the menu. To explore the various projects, scroll down the Markets page of our site and, by clicking on a cryptocurrency’s name, read more about it. Before making any transactions, conducting thorough research and analysis is essential, assessing each cryptocurrency’s characteristics.

The Bespoke Bundle (2 to 5 crypto)

You can create a customised and diversified Moneybox using the’ Markets’ page to discover the various cryptocurrencies. This section lets you learn more about the available projects and their characteristics. However, conduct in-depth research on each cryptocurrency before including it in your Moneybox.

Young Platform does not provide tax, investment or financial services and advice. The information on this website is provided for informational purposes only. It is presented without regard to any specific individual’s objectives, risk appetite or financial circumstances and may only be suitable for some Users. Buying and selling cryptocurrencies involves risks, including total loss of capital. Users should always research, consult a qualified professional before deciding, and carefully assess their risk profile and loss tolerance.

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FIL, STX, TRX arrive on Young Platform

STX, FIL and TRX available on Young Platform

You can now buy three new cryptos on Young Platform: find out all about Tron (TRX), Stacks (STX) and Filecoin (FIL)! 

Great news! You can purchase and trade TRX, STX, and FIL on the Young Platform. While you can deposit and withdraw TRX, you can only trade STX and FIL, as deposits and withdrawals are unavailable. For more information, please refer to our Terms and Conditions.

Find out how these profoundly different decentralised protocols work to decide if they are for you!

What do you need to know about Tron (TRX), Stacks (STX), and Filecoin (FIL)?

Tron (TRX) is a blockchain infrastructure that enables the development of smart contracts and the use of decentralised applications and NFT platforms. Its founder, known to most crypto enthusiasts, is the Chinese entrepreneur Justin Sun, who managed in 2017 to raise 70 million dollars through an ICO to support the project.

Stacks (STX) is a Layer 1 blockchain that enables smart contracts. This brings Ethereum’s universe of programmability to the Bitcoin blockchain. To achieve this, Stacks uses a unique consensus mechanism called Proof-of-Transfer. The mechanism requires continuous transfers of BTC to specific addresses predetermined by the network.

Filecoin is a distributed and dynamic cloud storage network that offers a powerful alternative to centralised services such as Amazon Web Services, Dropbox, iCloud, and Google Drive. The project aims to establish a decentralised and peer-to-peer cloud infrastructure.

How to use TRX, STX, FIL on Young Platform

Here are all the features available for Tron (TRX), Stacks (STX) and Filecoin (FIL) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Creating a Single Currency or Customised Savings

Please note that you can only buy and sell Stacks (STX) and Filecoin (FIL) on the Young Platform, but you can’t deposit or withdraw them.

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Young Platform and Young Platform Pro Commissions Update

Young Platform Exchange Fees Update

Starting on 4 March 2024, we will introduce significant updates to our commission model to enhance our users’ trading experience. These changes will make Young Platform more competitive and attractive to traders and investors.

These updates were introduced following a survey extended to the entire community, whom we warmly thank for their suggestions and feedback. 

Recognising the sensitivity of this topic, we have adopted an approach centred on transparency and valuing direct benefits to our users. To completely understand these updates, please consult our detailed commission page of Exchange Base and Exchange Pro and review the Terms and Conditions.

Young Platform 

Commissions for Euro-Crypto exchanges

The update of commission rates on Euro-Crypto transactions aims to maximise the yield of cryptocurrency buying and selling transactions by moving to a hybrid model with fixed and variable commissions. 

Introducing a fixed and variable structure aims to enhance users with amounts over €100, who comprise the majority of our community.  

Therefore, the variable calculation on buying and selling transactions from Euro to Crypto and vice versa was integrated, making exchanges with more significant amounts more convenient. 

Commissions for Crypto-Crypto and Euro-YNG exchanges

The fees for conversion from one cryptocurrency to another (Crypto-Crypto) and for trading the Young Token (YNG) remain unchanged, as shown in the table below.

Money Boxes 

Your dedication to gradually growing your crypto portfolio is something we deeply admire. That is why we keep the fees for recurring piggy bank purchases unchanged, making regular savings worthwhile, even for small amounts.

Young Platform Pro 

We revolutionised our commission model for Young Platform Pro from a fixed fee structure (0.2%) to a fully variable one for maker-and-taker trades. This innovation is designed to meet the needs of advanced traders, offering more favourable conditions for those trading with significant volumes.

The determination of the commission rate is based on a 30-day assessment period, during which commissions are calculated according to the trading volumes realised. The calculation is performed every day at 00:00 UTC. This implies that the adjustment of fees always occurs concerning the volumes traded in the previous thirty days.

Same Club, same benefits!

Enjoy club discounts on Young Platform and Young Platform Pro: the exact discount percentages will be applied to the new commission model. 

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

Unlocking Commission Discounts: More Ways to Save

Invite a Friend 

Our ‘Invite a Friend’ programme is an unmissable opportunity to benefit from commission discounts. Inviting friends to join our platform, you both get a 10€ discount applicable on purchases, sales and conversions.

Joining a Club 

Joining a club offers significant advantages on commissions and access to an exclusive package of discounts on additional services, allowing you to customise your experience in the crypto world according to your preferences.

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


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Stamp duty on cryptocurrencies 2024

Stamp duty on cryptocurrencies 2024

Following the new Budget Law 2023, stamp duty was introduced on Young Platform.

Young Platform has updated its Terms and Conditions, introducing new rules regarding stamp duty for its users. This update has been introduced in compliance with the Italian Budget Law 2023, particularly with circular number 30/E of the Agenzia delle Entrate having as its subject “Tax treatment of crypto-assets. Article 1, paragraphs 126 to 147, of Law No. 197 of 29 December 2022′.

As an ‘other financial operator’, Young Platform must charge stamp duty to its users for anti-money laundering regulations and tax monitoring obligations (Article 1(1) of DL 167/1990).

This tax is equal to 0.2 per cent of the value of the cryptocurrencies held by the user on 31 December of the taxable year. Let’s look at stamp duty, who is responsible for paying it, and how it can be paid.

1. Definition of Stamp Duty

Stamp duty is an indirect tax that applies to certain economic transactions as a sign of the taxpayer’s financial capacity. In practice, this tax affects transactions that indicate a specific economic availability, such as the transfer or consumption of goods and services and financial instruments. Until 2022, cryptocurrencies were exempt from this type of tax. However, with the introduction of Act No. 197 of 27 December 2022, the situation changed: now, those who own cryptocurrencies have to pay stamp duty.

2. Who is liable to pay Stamp Duty

Regardless of their tax residence, all cryptocurrency holders are now subject to the stamp duty obligation. This obligation applies irrespective of the exchange used to hold one’s cryptocurrencies.  

3. Calculation of the tax base

The taxable base for stamp duty is 0.2% of the value of cryptocurrency assets held at the end of each calendar year. It is, therefore, calculated by multiplying the value of cryptocurrencies held on 31 December of the relevant year by the 0.2% rate. If the computed tax is less than 1 euro, the applicable tax will still equal this amount (1 euro) under Article 3, paragraph 3 Presidential Decree 642/72. 

It is reported in section 3.7.3 of the Revenue Agency’s circular that explains how the tax value is calculated:

The tax base consists of the value corresponding to the value of the crypto-assets at the end of each calendar year, as recorded by the exchange platform where the purchase thereof was made. Should it not be possible to ascertain the value on the 31st of December of the reference year from the platform where the crypto-asset was originally purchased, such value may be ascertained from a similar platform where the same crypto-assets are tradeable or from specialised sites in the detection of their market values. In the absence of the aforementioned value, reference should be made to the purchase cost of the crypto-assets. If the crypto-assets are no longer held as of the date of the 31st of December, reference should be made to the value ascertained at the end of the holding period. As provided by paragraph 19 of article 19 of the decree law no. 201 of 2011, the tax is due in proportion to the days of holding and the share of ownership in the case of jointly held crypto assets.

4. How much do I have to pay for the tax?

The tax is calculated automatically by the platform. You can find the details under ‘Profile’ > ‘Payments and Gift Cards’ > ‘Stamp Duty’. 

5. By when must stamp duty be paid?

On Young Platform, the balance must be paid by 1 April of the year following the end of the tax period, i.e. by 1 April 2024 for the tax relating to 2023.

6. How is stamp duty paid?

In the specific case of Young Platform, the stamp duty will be automatically calculated and deducted from the user’s Euro Wallet as of 21/02/2024 against adequate liquidity to meet the relevant tax liability. 

Consequently, for all users who, as of 21 February 2024, did not have enough liquidity in the Euro Wallet of their Young Platform account, the charge will be made at the first useful transaction. It will be sufficient to deposit into your account via one of the following payment methods:

  • Credit, debit or prepaid card.
  • Bank transfer.
  • Converting cryptocurrencies into fiat currency.

7. Where can I find details of the tax payment?

In the Euro Wallet section, under ‘History’, there will be an entry ‘Stamp Duty’. By clicking on it, it will be possible to view the details of the transaction:

  • Transaction ID
  • Reasons under “Notes” 
  • Date of execution
  • Status

8. How often does one have to pay stamp duty? 

Stamp duty must be paid annually, due by April. The amount to be paid is based on the value of cryptocurrencies held on 31 December of the previous tax year.

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NEAR, SEI, STRK and SUI arrive on Young Platform

NEAR, SEI, STRK and SUI available on Young Platform

You can now buy four new cryptos on Young Platform: find out all about NEAR (NEAR), Sei (SEI), Starknet (STRK) and Sui (SUI) 

You can now buy and sell NEAR, SEI, STRK and SUI on Young Platform! Deposits and withdrawals are not available for Sei (SEI), Starknet (STRK) and Sui (SUI), while are available for NEAR (NEAR). For more information, please read our Terms and Conditions.

Find out how these innovative protocols work to decide if they are right for you!

NEAR (NEAR)

NEAR is an environmentally sustainable, scalable, fast and decentralised user-friendly Layer 

1 blockchain. This network, made secure by a Proof-of-Stake consensus mechanism, uses sharding. This means that its blocks are divided into smaller ‘chunks’ so that each validator node has to handle a smaller amount of data.

Sei (SEI)

Sei is a Layer 1 blockchain built on Cosmos that focuses on decentralised trading, NFTs and gaming. The protocol’s slogan, ‘The fastest Layer 1 for trading’, sums up the main peculiarities of this network: speed and scalability, which it achieves thanks to an innovative Proof-of-Stake ‘Twin-Turbo’ consensus mechanism.

Starknet (STRK) and what do you need to know?

Starknet is an Ethereum scalability solution using zero-knowledge rollup technology. In particular, this network uses zk-STARK cryptographic proofs to make the network competitive in terms of scalability, speed and security. These proofs group transactions in batches or ‘batches’, allowing them to occupy much less space and lower transaction fees.

Sui (SUI)

Finally, Sui is a fast and scalable Layer 1 blockchain made secure by the Proof-of-Stake consensus mechanism. To programme its smart contracts, developers use Move. This programming language was created by the same team responsible for developing Libra, the cryptocurrency Meta (formerly Facebook) designed that never saw the light of day. The consensus mechanism, consisting of the Narwhal, Bullshark and Tusk protocols, allows processing up to 120,000 transactions per second.

How to use NEAR, SEI, STRK and SUI on Young Platform

Here are all the features available for NEAR (NEAR), Sei (SEI), Starknet (STRK) and Sui (SUI) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Creating a Single Currency or Customised Money Box

Warning. These cryptocurrencies can only be bought and sold but not withdrawn or deposited by and on Young Platform.

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INJ, DYM and FET arrive on Young Platform

You can now buy three new cryptos on Young Platform: find out all about Injective (INJ), Dymension (DYM) and Fetch.ai (FET)! 

Now you can trade INJ, DYM and FET on Young Platform, but deposits and withdrawals are not available. For more information, please refer to our Terms and Conditions.

Find out how these innovative protocols work to decide if they are right for you!

Injective (INJ), Dymension (DYM) and Fetch.ai (FET) what do you need to know?

Injective is a Layer 1 blockchain built on the Cosmos ecosystem specifically for decentralised finance platforms. The Injective network allows for a high volume of transactions per second at meager fees, and sometimes even without any fees, thanks to the relay service offered by the API nodes in this network.

Fetch is a platform that combines two cutting-edge technologies – artificial intelligence (AI) and blockchain. The platform’s key product is Autonomous Economic Agents (AEAs), which are capable of programming themselves to fulfil specific needs. Like AI chatbots such as Chat GPT, AEAs analyse real-time data and context and act accordingly to achieve a goal.

Introducing Dymension, a new Layer 1 blockchain created on Cosmos. Its primary goal is to become a leading modular ecosystem for developing decentralised applications. The future RollApps that will be integrated into Dymension are neither dapp nor real blockchains. They are unique in that they are exceptionally easy to develop. It’s worth noting that RollApps should not be confused with Rollups, which are Layer 2 scalability solutions.

How to use INJ, DYM and FET on Young Platform

Here are all the features available for Injective (INJ), Dymension (DYM) and Fetch.ai (FET) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Creating a Single Currency or Customised Money Box

Warning: These cryptocurrencies can only be traded on Young Platform, but cannot be deposited or withdrawn.

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Discover Celestia (TIA), the new crypto on Young Platform!

Celestia (TIA) now available on Young Platform

You can now buy, sell, and hold TIA on Young Platform! Learn about this innovative project and the purpose of its token!

Celestia: everything you need to know  

Celestia is a distinct modular blockchain infrastructure designed to enhance the scalability and flexibility of networks developed on it.

TIA serves a dual purpose as both a utility and governance token. It’s essential for paying fees on the network and the Layer 2 platforms that will be developed in the upcoming months, and it’s also vital for participating in protocol governance votes.

The project, launched in October 2023, began with its prototype in 2019. The founding team includes Mustafa Al-Bassam, CEO and co-founder of Chainspace (acquired by Meta), Ismail Khoffi, John Adler, and Nick White. Celestia raised $55 million across two distinct funding rounds, earning it the status of a unicorn startup (valued at over $1 billion). Its venture capital supporters include prominent names like Coinbase Ventures, Jump Crypto, Placeholder, Galaxy, and Delphi Digital.

Interested in Learning More?  

Delve deeper into Celestia in the Academy.

How to Use TIA on Young Platform  

Explore the full range of features for Celestia (TIA) available on Young Platform and Young Platform Pro:

  • Buy and sell with EUR
  • Set up recurring purchases
  • Deposit from another wallet or send via the Celestia network
  • Create a single currency or a customised Moneybox
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Buying Render (RNDR) is available now!

Render Network (RNDR) available on Young Platform

Starting today, you can buy a new cryptocurrency on Young Platform: learn about Render (RNDR)!

From now on, you can buy, sell, and store RNDR on Young Platform! Learn how this innovative project works and what the token is used for to decide if it’s right for you!

Render: everything you need to know

Render Network is a unique protocol in its field, as well as one of the fastest-growing blockchain platforms currently.

It is built on Ethereum and leverages blockchain technology to democratise access to the necessary resources, predominantly graphics cards (GPU), for content rendering.

RNDR serves both as a utility and a governance token: it is essential for accessing the platform’s decentralised rendering service as well as for participating in voting on the future of the protocol.

The project, created in 2017 by Jules Urbach, then CEO of OTOY, a company specialising in rendering and computer graphics, stems from an ambitious idea: to use blockchain technology to revolutionise graphic rendering.

Want to learn more? Dive deeper into Render Network on Academy!

How to use RNDR on Young Platform

Here are all the features available for Render (RNDR) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Deposit from another wallet or send through the Ethereum network
  • Creating a Single Currency or Custom Moneybox
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Buying Lido DAO (LDO) is now possible!

From today, a new crypto is available on Young Platform: find out all about the listing of Lido DAO (LDO)!

Now you can finally buy, sell and store Lido DAO (LDO) on Young Platform. Check out the main features of this DeFi project and its crypto, to find out if it’s right for you!

Lido DAO: all you need to know

Lido is among the leading projects in the DeFi landscape today, as the most widely used liquid staking protocol for Ethereum.

In a nutshell, thanks to Lido, it is possible to stake ETH or MATICs and receive tokens in return that can be used on the most popular DeFi services, including DEXs and Yield Farming platforms.

LDO, on the other hand, is the governance token: it means that whoever owns it can vote in the decisions that govern the operation of the protocol. At the time of writing, the token ranks 35th by market capitalisation.

Also thanks to its token, Lido DAO is a particularly decentralised service, being governed precisely by a DAO. The latter is a decentralised autonomous organisation, which enables the management of a project in an automated and participative manner.

The project stems from the desire to solve the limitations of ETH staking, which were particularly acute during the run-up to the Merge between 2020 and 2022. Specifically, by some developers and personalities from the Ethereum community such as Stani Kulechov and Jordan Fish (@cobie on Twitter).

The 3 investment rounds that enabled the development of the project were led by Paradigm and a16z. Not only that, the protocol was verified through technical audits by no less than 14 bodies. 

Curious to learn more? Dive deep into Lido DAO with Academy!

How to use LDO on Young Platform

Here are all the features available for Lido DAO (LDO) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Depositing from another wallet or sending via the Ethereum network
  • Creating a Single Coin Moneybox or Curated Bundle