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Join the Crypto Investment Challenge by Reply

Register from 4 April to 5 May to take part in the Reply Investment Challenge for free and win Apple products!

In collaboration with Young Platform, Reply is launching one of its famous challenges: the Investment Challenge, which this time is purely crypto-themed. In fact, the competition will take place on the demo version of our exchange, so participants can test their strategies with virtual money! The international competition in 2022 reached record numbers with 13,750 participants from 95 countries, with a total volume of 36,000 trades executed.  

Who is Reply?

Reply is among the largest Italian consulting companies in the field of digital services and technological innovation, with a main subsidiary in Germany and stakeholders from all over the world. In order to be able to support so many companies in digitisation and technological development, it has a large research area, but does not limit itself to developing in-house knowledge. 

The company also promotes innovation externally, organising many different international challenges throughout the year: from software development to creativity challenges.

Small history trivia: we are fellow citizens! In fact, the company was founded in 1996 in Turin, just like Young Platform. 

What is the purpose of The Challenge?

Reply organises these challenges not to create competition, but rather with an educational intent. These events open up access to theoretical resources, opportunities to put them into practice and learning through confrontation in a young, international environment. 

The Investment Challenge, specifically, aims to promote financial awareness, and this is its fourth edition, following the one in 2022.

On this occasion, the team chose to give participants the opportunity to learn more about the trend of cryptocurrencies, blockchain and their application in trading.

What prizes are up for grabs?

  • For 1st place: MacBook Pro M2
  • For 2nd place: iPad
  • For 3rd place: AirPods

How to participate in the Investment Challenge?

  • Registration: Registration starts today 4 April and closes on 5 May
  • Duration of the challenge: The challenge will last from 7 a.m. UTC on 8 May to 4 p.m. UTC on 19 May.
  • Access: Participation is completely free of charge.

To register, simply create an account and complete the registration from the Challenge page. 

How does the Investment Challenge work?

Here are the terms of the competition:

  • It opens at 7 a.m. UTC on 8 May and closes at 4 p.m. UTC on 19 May.
  • You will have a total balance of €1,000,000. Of course, this is not real money, but a simulation.
  • You will be able to trade on selected cryptocurrency markets.
  • You can participate on both Young Platform and Young Platform Pro, even switching platforms while the challenge is already in progress.
  • During the game week, the Reply Team will publish useful clues for your in-game decisions on the “Your Challenge Page”.
  • Each day, the global and daily rankings will be updated. 

What are the criteria for moving up in the rankings?

The ranking algorithm follows a bonus/malus logic: thus some results earn points to move up in the rankings, others imply a fall in position.

Bonuses/malus are determined by the sum of 4 positive or negative values:

  • Profit & loss (P&L): the profits and losses generated by ‘investments’.
  • Average number of trades made daily during the Challenge. A bonus is awarded if the trades fall within the ‘optimal range’, i.e. a number that reflects a trading strategy that lies between long-term investment and high-frequency trading, and exceeds the minimum amount indicated. A malus is applied if the number of trades is below or above the optimal range. 
  • Diversification index: this metric cross-references the number of daily trades with their value in Euros. Higher diversification earns a higher bonus and vice versa. 
  • Beware of hints: players who follow the team’s ‘hints’ during the challenge will receive a bonus.

How to prepare for The Challenge?

  1. Demo – From the moment you register until 7 May at 4 p.m. UTC, you will have access to the Young Platform Demo in order to test the trading platform with a virtual balance of €1,000,000 already available. From 4 p.m. UTC onwards, you will no longer be able to log in until 7 a.m. UTC the following day, which is the start time of the challenge and the time when the balance will return to €1,000,000 after your trials.
  2. Support – before and during the competition, you can ask any questions or concerns you may have at the chat available on the Reply Challenge platform, by providing your username.
  3. Educational content – created in cooperation with Young Platform Academy and enriched by materials produced by the POLIMI Graduate School of Management, is accessible from the Learning section of the Challenge from 4 April, but we give you a preview of our content so you can start preparing:
    1. What does investing mean? A beginner’s guide 
    2. Bull vs Bear Market: what they mean and their difference
    3. Technical Analysis: How to Draw Trendlines 
    4. Technical Analysis: How to Identify Support and Resistance 
    5. Technical Analysis: How to Read Candlestick Charts 
    6. What’s the Order Book and how to read it? 
    7. Buy limit and buy stop: what is the difference and how to trade with them 
    8. The meaning of stop loss and take profit: the art of closing 
    9. Limit orders and stop orders: trading on Young Platform Pro 

Read the regulations.

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Cashback on deposits made via card with Young Platform Clubs

Cashback on deposits made via card with Young Platform Clubs

Join a Club, transfer funds to Young Platform, and earn cashback on deposits made via card, Apple Pay, or Google Pay.

Using a card is undoubtedly the most convenient and quickest way to top up your account, sparing you the hassle of IBAN codes or other banking details. Simply enter your card details—or use Apple Pay or Google Pay—and you are sorted!

If you are a Club member, this is also the most cost-effective method. Thanks to deposit cashback, you receive a bonus the moment you transfer funds, effectively offsetting the fees and cancelling out the cost. Let’s look at the details.

A bonus for every Club

Depending on your Club membership tier, you are entitled to specific benefits:

  • Bronze: 1 bonus of €5
  • Silver: 1 bonus of €5
  • Gold: 2 bonuses of €5 each
  • Platinum: 3 bonuses of €5 each

These bonuses are credited automatically on the first day of every calendar month.

Want to join a Club? You can find all the information here: How to join Young Platform Clubs

How card deposit cashback works for Club members

First and foremost, this perk is reserved exclusively for card deposits made within the Crypto section of the app. As mentioned, the value of the cashback varies based on your membership tier (Bronze, Silver, Gold, or Platinum).

You can link any card (credit, debit, or prepaid) to your Crypto account, with the exception of the Young Card.

Why is the Young Card excluded?

It is quite simple. If you wish to use funds from your Young account to top up the Crypto section, the process is already more agile and, crucially, cheaper. Instead of using bank transfers, Apple Pay, or Google Pay, you can simply use the app’s “Transfer” function. The transfer is immediate and completely commission-free, so there is no need for cashback.

Tips to maximise your cashback

Bonuses are credited automatically on the first day of the month and apply to card deposits made during that current month.

Please bear in mind that each bonus applies to a single deposit only. This means a Platinum member can be reimbursed for the fees on three separate deposits, whilst a Gold member is covered for two.

To make the most of this benefit, consider the following:

  1. Set up a recurring buy: By using your card, Apple Pay, or Google Pay for recurring purchases, you can avoid paying commissions every time you set aside crypto.
  2. Watch the deposit amount: Since the bonus applies to a single transaction, consider depositing a higher sum to utilise the full value of the bonus.
  3. Mind the order: The bonus is applied to the first deposit(s) you make in the month. Ensure your first deposit is substantial enough to benefit fully.

Frequently asked questions

When will I receive the bonus?

If you are already a Club member, you will receive it on the first day of each calendar month. New members receive it immediately upon joining, and subsequently on the first of every month.

Where can I find the bonus?

It appears in your Bonus Wallet, the section on Young Platform, where you can view all your bonuses. You can check their status, value, expiry date, and validity details there.

How many deposits does it cover?

Each bonus is valid for one deposit only.

  • Platinum Members: Reimbursement for three deposits.
  • Gold Members: Reimbursement for two deposits.
  • Bronze and Silver Member: Reimbursement for one deposit.

Which methods are eligible?

The promotion covers deposits via:

  • Payment card (Credit/Debit/Prepaid)
  • Google Pay
  • Apple Pay

Note: This includes deposit fees connected to recurring purchases. It does not apply to bank transfers.

How is the bonus used?

The bonus is applied automatically during the deposit process. Before confirming, you will see a banner notifying you of the fee reimbursement.

  • Once the operation is complete, the reimbursement is executed immediately.
  • If you have set up a recurring buy with a card, you will not see a notification, but the deposit fees will be automatically credited back to your Euro Wallet.

How is the reimbursement processed?

As soon as you complete a deposit, the fee amount (paid via cashback) is transferred from your Bonus Wallet to your Euro Wallet. You can verify this in your transaction history.

Will I be reimbursed for all fees paid on my card deposit?

You will be reimbursed for the fees paid up to a maximum of €5, which is the value of a single bonus.

If I don’t use the full bonus on a single deposit, can I reuse the remaining bonus?

No, each bonus is valid for a single deposit only. If you do not use the full amount, the excess is lost and cannot be recovered.

Can I choose which deposit to use the bonus on?

No, the bonus is automatically applied to the first deposit (or the first few deposits for Gold and Platinum members) made during the month. If you wish to use it on a recurring purchase, we recommend scheduling it for the first few days of the month. You can do this by cancelling your current recurring purchase and setting it up again for early in the month.

What about bank transfers?

The bonus does not apply to bank transfers. It is valid only for deposits made via credit, debit, or prepaid cards, as well as Apple Pay and Google Pay.

What happens if I upgrade my Club tier?

If you upgrade, you will be credited for the difference in bonuses you did not receive in your previous Club. For example, moving from Silver to Gold gets you one extra bonus. However, moving from Bronze to Silver gets you nothing extra, as both tiers are entitled to one bonus.

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Euro withdrawal to payment cards now available

From today you can withdraw Euros from Young Platform to your enabled credit and debit cards. Find out how!

Is the card your favourite deposit method, with its immediacy and flexibility? Then this is the moment you have been waiting for.

You can now withdraw funds from your Euro wallet and transfer them to the card you already use for deposits. 

What’s more, Young Platform is the second exchange in Europe to integrate withdrawals to credit or debit cards. Not bad, right? 

How does withdrawal work?

The ability to use this withdrawal method, the amounts allowed and the timing of the transaction depend on the type of card you have and your past activity.

Supported cards

Cards that support this functionality are only those enabled with Mastercard Send or Visa Direct.

Users who can use the functionality

You can only use this withdrawal method if:

  • You have already used a Mastercard Send or Visa Direct card to make deposits.

And 

  • You have entered your telephone number during sign up.

If you have not performed these two actions, you can complete them at any time and thus activate the card withdrawal. How?

When you attempt the withdrawal, you will automatically be asked to provide your telephone number. This number is only needed to receive the security code to confirm the withdrawal and guarantee that it was you who made the withdrawal.

Maximum withdrawal amount

The maximum withdrawal amount is calculated based on your past deposits, as follows:

Limit = Sum of the amounts of all deposits made with one card – sum of the amounts of all withdrawals made with one card.

Let’s take some examples:

  • If I have deposited a total of €50 with my Visa Direct since I added it, and I have never made a card withdrawal, I can withdraw up to €50 (Limit = 50 – 0)
  • If I have deposited a total of €50 with my Visa Direct since I added it, and I have withdrawn a total of €20, I can withdraw up to €30 (Limit = 50 – 20)

Please note: If you remove your card and add it again, your total deposit and withdrawal account will be reset to zero and consequently withdrawal will be disabled. You will have to deposit again to be able to withdraw.

Timing and fees

If your Mastercard Send or Visa Direct card does not support fast funds, withdrawal may take up to 48 hours.

If your card supports fast funds, withdrawal may take up to 30 minutes/1 hour. The fees charged are the same as for a card deposit: 2.2% + €0.25.

If you have any questions, please contact support!

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The 3 big advantages of choosing Freename

Why choose Freename? The 3 advantages

If crypto domains are the watchword for Web3, TLDs are the passepartout. But only with Freename.

Freename is a service that simplifies the adoption and integration of Web3 domains on the Internet. The project starts in Switzerland, the historical crypto valley, and builds its approach around three industry pillars: interoperability, entrepreneurship and transparency.

The interoperability of Freename domains

Crypto domains are not just websites: in Web3 they become the keystone, facilitating the whole online experience. Domains thus become our online identity, declined in its various applications: an alias for social networking, a professional email, a wallet, the username in a game – all collected under the same domain. This requires a high level of interoperability with decentralised applications (Dapps) and also with Web 2.0 applications, in order to speed up adoption.

However, it is important not to underestimate the basic level of interoperability needed, which is not yet an effective industry standard. Dapps, exchanges, wallets, NFTs and blockchains should be usable together, seamlessly.

Each project develops different solutions to achieve this vision. Freename, for its part, started by developing compatibility with numerous blockchains, of which four are already available.

The most interesting feature in this regard, however, is the Freename Web3 Browser Extension, available for Chrome, Firefox and Brave. This browser extension acts as a bridge between Web 2.0 and Web3 through five different functionalities:

  • Registrar, a direct link to the site for creating domains and TLDs on Freename
  • Browse, an address bar where you can enter a Web3 domain and also find its associated content on Web2.
  • Web3 WHOIS, the explorer for all Web3 domains even beyond Freename
  • Web3 Email, an interface to use your own crypto domain as an email address and communicate with other domain owners
  • Payments, still under development.

Thanks to the Young Platform integration, it is also possible to withdraw cryptocurrencies from the exchange to a Freename domain. To send crypto, it is then sufficient to type in the domain name instead of the wallet address.

The perfect solution for a Web3 enterprise

The freedom to create your own TLD is certainly one of the aspects that most distinguishes Freename from other Web3 registrars.

If you are a crypto artist, a content creator, or have a Web3 company, Freename has thought of you too. What better way to promote your business than through a dedicated TLD?

Imagine if your company name became the next “.com”. With Freename, every time someone buys a domain with your TLD you get royalties.

That’s not all: you can make your brand’s TLD a registered trademark under Swiss law, so that it is also legally protected against counterfeiting and fraud.

For particularly high-profile brands and public figures, there is also a domain and TLD protection service called ‘protected domains‘. Simply contact the Freename team to take advantage of this service.

Security and transparency starting with technology

We have already talked about the Web3 WHOIS explorer designed by the Freename team. This is crucial to give users control, as it allows them to check the ownership and operations of domains directly on the blockchain. The ability to verify the existence or authenticity of a Web3 domain also protects against phishing attempts.

The development roadmap is completely transparent: you can always see the stage of development of the service and also propose updates via the dedicated section, as well as vote on those already proposed.

In short, with Freename your Web3 site will be completely under your domain. Discover the unique opportunity to access it at a bargain price with the Young Platform Clubs.

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New Club Benefit: Get a coupon for Freename

Join a Club and get a Freename domain: together we will dominate the Web3!

Freename is a platform where you can create, buy and sell not only Web3 domains, but also TLDs. We have talked about all its innovative features on Academy, but here’s a little spoiler: it is a Web3 swiss made entity.

Web3 domains are now a must-have for every Web3 citizen, and if you are in a Club, you can get one even for free! But what are the pros of having a Freename domain?

Let’s get to it and find out all the details of this new benefit reserved for Clubs on Young Platform.

How does the benefit work?

If you are a member of a Club, from today 1st March you can get a coupon on Freename for a variable value depending on the level you belong to.

This is also valid for those who join the Clubs after 1st March!

freename web3 domain coupon

Here are 5 things to keep in mind before you start:

  1. The application of the coupon on Freename is automatic only if you start the purchase from Young Platform Web.
  2. The coupon can only be used once. Any credit not used at the first purchase will therefore be lost.
    Example: my chosen domain costs $85. I have a coupon of $110. I add the domain to the basket and proceed to the purchase. Once the purchase is confirmed, I will not have spent anything, but I will have lost $25 in coupon credits.
  3. You can purchase several domains at a time by adding them to the same shopping cart and using the same coupon for the total spend.
  4. Both the possibility of obtaining the coupon and the benefit expire on 16/08/2023.
  5. In addition to second-level domains, the coupon is only valid for the following TLDs:
    • “metaverse”,
    • “hodl”,
    • “moon”,
    • “lambo”,
    • “token”,
    • “airdrop”,
    • “chain”,
    • “layer”,
    • “satoshi”,
    • “genesis”.

Now is the time to take action and dominate the Web3!

How to buy a Freename domain on Young Platform Web

Thanks to the integration of Freename on Young Platform Web, you can search for available domains directly from your desktop account.

So here is how to make a purchase.

  • Log in to Young Platform from the desktop version
  • Go to the Wallet section
  • You will see a box dedicated to Freename, click on the button
  • Look for the Web3 domain or TLD you want in the search bar
  • Select it
  • You will be redirected to the Freename site
  • Add the domain to the cart
  • Create a Freename account
  • Add your details to the cart and accept the Terms and Conditions
  • If it is a TLD, you can choose to tick the Royalties option, which will require you to pay $50 in order to obtain royalties every time someone uses your TLD.
  • You will see the coupon applied to your cart automatically

If you are unable to apply the coupon to a domain or TLD on Freename or to purchase a domain or TLD from Young Platform Web, it means that this domain is not covered by the Clubs promotion and is therefore not compatible with the coupon or not available, but you can still purchase it by accessing Freename directly and proceeding independently of Young Platform.

  • If the credit does not cover the entire spend, add a payment method, either Metamask or credit or debit cards are accepted.
  • Confirm the purchase
  • View the purchase in ‘Portfolio and Incomes’, under ‘Domains’.

Now the domain is yours, but the ownership is not yet registered on blockchain: you need to mint it first:

  • Click on ‘Mint Domain’ next to the purchased domain
  • Choose the blockchain you want to mint it on, based on the ones supported by your wallet and that you use the most
  • Select the destination wallet by clicking on “Add a new address”.
  • Click on ‘Connect wallet’
  • Choose Metamask (if you do not know how to create a Metamask wallet, here is the guide)
  • Give Metamask permission to connect the wallet with Freename by clicking ‘Next’ and then ‘Connect’.
  • Click on “sign new address” on Freename
  • Signature on Metamask
  • Click on “Save changes” on Freename
  • Click on “Confirm mint” on Freename

Your domain is now inviolable: being indelibly associated with your wallet, no one can take it away from you until you put it up for sale.

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Quick guide to recurring purchases

Quick guide to crypto recurring purchases

Recurring purchases allow you to recur a Bitcoin or Ethereum buy automatically and on a regular basis. Find out why it can be useful and how to activate it!

In this guide, you will learn how to activate the recurring purchase functionality on Young Platform, and choose the option that suits you. But first of all, what is a recurring crypto purchase? It is a feature that makes crypto purchases automatic. Once you set up a recurring purchase, the Young Platform app will buy your chosen cryptos for you, in the amount and frequency determined by you. This way, you won’t have to do it manually. 

Why set up a recurring purchase? 

Beyond convenience, why is it be useful to set up a recurring purchase? Often, recurring purchases is chosen by those who don’t feel like as confident as experienced trader ready to intercept the best time to buy. By setting up a recurring purchase, you buy crypto consistently, regardless of price changes. Whether the price is at its highs or its lows! Generally buying when prices are high is not very profitable, so why is the practice of recurring purchases used? Some people choose to buy on a regular basis to try to minimise price volatility. For example, say you buy BTC on a monthly basis, albeit at different prices. By the end of the year, you will have bought BTC at the yearly average price. All without the stress of having to interpret charts. In other words, with recurring purchases you are not trying to guess the right time to buy.

Recurring purchases are also a feature used to avoid buying crypto impulsively, avoiding getting caught up in excessive enthusiasm or incurable defeatism. Ever heard of behavioural finance? With recurring buying you can keep your cool during even the worst bear markets. 

How do I activate a recurring purchase? 

You can set up a recurring purchase directly on the Young Platform app, in the Spot Wallet section of your chosen cryptocurrency (on Young Platform you can set up a recurring buy of Bitcoin or Ether), or in the Money Box section of your chosen cryptocurrency. If you use the web platform, start from the trading panel on the Home Page. 

Choose a frequency option:

  1. Weekly;
  2. Biweekly;
  3. Monthly.

Select a payment method by which you will use for your crypto recurring purchase:

  1. Euro balance (free of charge);
  2. A debit or credit card (with fees);

You can activate it on two type of wallets:

  1. Moneybox;
  2. Spot Wallet.

That’s right: it is possible to set up a recurring purchase to the Spot Wallet but also to the Young Platform Moneybox.

We prepared a tutorial for each one!

Recurring Purchase on the Spot Wallet

The Spot Wallet is what you use to trade and transfer in the short term.

The recurring purchase on the Moneybox

The Moneybox allows you to leave your crypto untouched that you want to keep aside for the medium to long term. But for what purpose?

The Moneybox works just like a real piggy bank. You can store your cryptocurrencies that you don’t want to allocate to your more frequent buying and selling activities. 

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Turkey and Syria emergency. Donate now for children affected by the earthquake

turkey earthquake

After the earthquake in Turkey, Young Platform renews its collaboration with Save the Children to send crypto donations

The earthquake in Turkey in February mobilised donations and solidarity from all over the world, united in the face of a natural disaster. 

As now well known, on the night of 5-6 February, the area bordering Syria was the epicentre of a strong earthquake (magnitude 7.8 and 7.5). The two tremors resounded as far as Cyprus, Lebanon and Israel. The phenomenon returned on 20 February with the epicentre in the town of Hatay in south-west Turkey, with a magnitude of 6.4 and 5.8.

The main victims of the earthquake in Turkey: children

After the first earthquake, Turkey declared over 41,000 dead, thousands injured and buildings collapsed. In all, 1.4 million children are suffering the damage of this catastrophe. The survivors among them are now without shelter.

These territories and especially their most disadvantaged inhabitants must receive as much aid as possible, international contributions are not enough, and it will take a long time to heal just one of the many wounds of these countries.

Save the Children with the Emergency Fund ensures that the children affected by the earthquake receive all kinds of help.

You can also make donations in cryptocurrencies, as was already possible this Christmas.

How to send donations for the earthquake in Turkey

Below are instructions on how to send cryptocurrencies to the Emergency Fund.

  1. Start from this page;
  2. Choose the crypto to donate;
  3. Choose whether to make an anonymous donation or enter your details;
  4. Click on ‘Donate now’;
  5. You will see the address of the destination wallet in the form of an alphanumeric code and as a QR code. Copy it to the clipboard;
  6. Open the Young Platform app in the Wallet section;
  7. Select the cryptocurrency you have decided to use;
  8. Click on “Withdraw”;
  9. Enter the amount and click on ‘Continue’; 
  10. Paste the Save the Children wallet address you copied from the link provided or scan the QR code. We advise you not to write the address manually to avoid typos;
  11. Definitively confirm the withdrawal via the email you will receive at your address. 

If you want to view the status of your transaction on the blockchain, you can paste the TxID into the search bar of a blockchain explorer such as Blockchair. 

This way you can track your crypto donations and make sure they reach Save the Children, who will use them to help the children victims of the earthquake in Turkey. 

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New Club benefit: the monthly Market Report

New Club benefit: the monthly Market Report

For Silver, Gold and Platinum Clubs a monthly Market Report created by our trading team

When your friends ask you how the market is doing, do you only answer with “Up” or “Down”? Do you get by on “hearsay”? 

No problem! Finding reliable and timely information today is not easy. That’s why we do it for you, with the Market Report. 

If you are a member of a Club, you will have already received the first two Young Platform Reports by email, with which we collected your feedback, but the time has come to make this benefit official. 

From now on, the benefit is reserved for Silver, Gold and Platinum Clubs: these members will receive an in-depth market analysis at the beginning of each month, covering the previous month. 

For those who are not yet members of the Clubs, here are the main points covered by the report: 

  • Market Capitalisation Analysis
  • Bitcoin Dominance and Price Action
  • Price action of Ethereum and the ETH-BTC pair
  • Price action of the monthly crypto
  • US monetary policies
  • Monthly news
  • On-chain data for Bitcoin, Ethereum and the monthly crypto

Is there any data or topic you would like to see covered monthly in this report? Post a suggestion on the Discord channel and we will adapt the report with the most requested additions.

Staying abreast of the market is essential to be in control of your resources and make the best use of them. With the Market Report you have a tool created by professional traders that sums up everything you need to pay attention to in order to have a thorough understanding of the current situation. 

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YNG Token: October 2022 – January 2023 Report

Token Young (YNG): updates and news Q4 2024

Here’s the second report on YNG since its market launch. Find out about its distribution and upcoming news on Young Platform

On 1 June 2022, the YNG token was released on the market and thus began to vary in price according to supply and demand. At the same time, Young Platform Clubs were born, which can be accessed precisely by blocking a certain amount of tokens. The first report came after four months, so at the beginning of February we collected data from the second four months of the token’s life. See the results below.

Club Membership

At the moment, 1214 people participate in the clubs, divided into: 

  • 903 for the Bronze Club;
  • 174 for the Silver Club;
  • 92 for the Gold Club;
  • 45 for the Platinum Club.

Compared to the last report, the growth is +19.1%. Consider that the greater the number of tokens locked in Clubs, the lower the sales pressure and thus the tendency of the price to drop. Club participation is therefore one of the parameters to consider in order to understand the demand for YNG.

Distribution of the YNG token

The number of tokens in circulation as of October was 18.43M. The availability in circulation as of today (February 2023) is about 20.5 million, which means that there was a net increase of 1.7M tokens, or 11.4%. 

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

  • 41,144.8 through the completion of Quizzes by 56,748 users;
  • 1,554,524.31 through rewards for 153,054 users;
  • 498,101.85 through the use of the ‘Up&Down’ function by 143,892 users.

The market for the YNG token and its exchange rate with the euro is regulated by an algorithm, thanks to two liquidity pools. Initially, these pools contained:

  • 1M Euro;
  • 4M YNG.

Considering the sales and purchases of tokens handled in recent months, at the end of January 2023 the pools contained:

  • 682.8k Euro;
  • 6.11M YNG.

Regarding the YNG-EUR pair, these were the movements that led to the change in liquidity in the pools:

yng token

Future Objectives

Finally, for transparency, here’s an update on the objectives listed in the last report. 

  • Airdrops&Vouchers: The first distribution of vouchers planned for Club subscribers was successfully concluded. Specifically, the promotional campaign in cooperation with Unstoppable Domains was completed in November, thanks to which we distributed free credits to all club members to purchase their own Web3 domain. The next event is planned for this quarter and will once again feature a Web3 domain project.
  • CoinMarketCap and CoinGecko: during the last quarter of 2022, we made some changes to the integration with our liquidity providers and market makers, with the aim of streamlining order entry in the order book. This resulted in changes to the structure of some API calls requested by the two aggregators. We have resubmitted the requested information and are awaiting updates. 
  • Earning Wallet: during the last quarter of 2022, we had to discontinue the service due to the crisis affecting FTX and its customers. Being the main benefit of the Clubs, we prioritised the development of the new version.
    We are evaluating, in addition to providers of services based on Lending and Borrowing, also solutions based on self-hosting of nodes and liquid staking of tokens. This functionality is planned to be developed between the end of Q1 2023 and the second quarter of the year.
  • Debit Card: due to the prioritisation of the development of the new version of the Earning Wallet, the deadline for issuing debit cards was postponed by one quarter. 
  • Third-party exchange listing: Between the end of Q1 and Q2 2023, we will reopen all negotiation tables to list the token on third-party exchanges. To accomplish this, it remains crucial to have supporting volumes on the YNG-EUR pair.
  • Buyback: In the last report we anticipated that we would present buyback operations. Unfortunately, the market was hit by the FTX crisis and the company decided to prioritise the management and protection of all those who had an active Earning Wallet, taking time away from structuring the projects in this report, including the buybacks. At the beginning of the year, we took over the planning and are finalising the rationale and plan for the buybacks. In order to make individual buybacks as rational as possible, we are planning operations that are directly linked to the metrics of the YNG-EUR pair currently on the platform (e.g. tokens bought by users, tokens sold and tokens from Steps). This is to achieve campaigns that incentivise the organic growth of the pair’s volume and avoid inefficient repurchase plans for the market price. 
  • The remaining objectives presented in the last report were mainly dedicated to our community, and to improving services and the experience for Club members. 
    • Monthly market reports: since 2023, all club members have received a monthly report summarising the most influential events that occurred in the previous month and analysing the market highlights, this benefit will be developed based on their feedback;
    • Merchandising: In December, we sent all Platinum and Gold Club members a package containing Young Platform merchandising. 
    • Promo Wallet: Young Platform’s promo wallet was successfully released, which will allow users to receive promotions to use on the platform, including discounts on deposits and withdrawals for Club subscribers. 
    • Club section of Discord: We are structuring the server in such a way that Club subscribers can join a reserved channel for Q&As with the team.

In addition to these token-related objectives, here is a brief overview of features under consideration and development for the first half of 2023: 

  • Moneybox: We are working on improving the current Moneybox, not only in terms of available cryptos, but also in terms of applicable automations.
  • Monthly club membership payment: currently, a club membership lasts for a minimum of 90 days during which YNG tokens remain locked. In order to manage membership more flexibly and to support tokenomics of the token, monthly payment of membership will also be activated as an option, again with YNG. During the first half of 2023, the first tests in this direction will be started.
  • Price movements alerts: In order to improve the monitoring of price movements of crypto holdings, we think it is essential to be able to be alerted as soon as a crypto reaches a certain price. For this reason, as anticipated months ago, we are finally structuring the functionality that will allow you to be alerted as soon as a held crypto reaches a price point. 
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A crypto donation for Save the Children

Save the Children: how to donate through Young Platform

You can now donate to Save the Children through Young Platform. Here’s how to do it

The smallest unit of BTC is called a satoshi and it corresponds to one hundred millionth of a Bitcoin. It is a very tiny figure. To give you the idea, let’s write it down with all the zeros: 0.00000001. It is said that small things can change a life: smiling at strangers, eating pizza with friends, children. Maybe even a satoshi.

You can now use your crypto to send donations to Save the Children Italia Onlus via the Young Platform app.

This Christmas, save their future

This collaboration comes at a special time of year. On the occasion of Christmas, Save the Children Italia Onlus launched a campaign to collect donations for children in conflict zones, such as Syria or Yemen. We are happy to announce that Young Platform has been chosen as its official partner to make it easier for those wishing to make crypto donations.

Worldwide, 1 out of 6 children live in a war zone. With the ongoing conflict in Ukraine, another 7.5 million children have been added to the tally. The funds raised through this initiative will be used to recover food supplies (a family needs 41€ for a fortnight), personal hygiene kits or school supplies (a package to educate eleven children is worth 275€). We at Young Platform are renewing the path taken in the field of charity, specifically those dedicated to children.

Why donate through crypto?

We know that cryptocurrencies are not physical coins, but they can still do a lot. Lately, their reputation has not been great. Chances are, you’ve heard on the news that crypto is a dangerous game. One played by kids who fiddle with their PCs and then scam thousands of people. Even if someone is using blockchain technology for these questionable purposes, there are also virtuous examples of how cryptos can be useful and have an impact on people’s lives.

When Ukraine was invaded in late February, for the first time in history, a nation publicly called for crypto donations when its banking system was beginning to collapse. Millions and millions of coins and tokens, including NFTs, arrived from all over the world to help people cornered by war. Cryptocurrency donations are borderless, they can be made anywhere and they go everywhere. Even to those without a bank account. Also in the case of Save the Children, crypto donations made with Young Platform will make an important project come true.

How do donations work?

You can make crypto donations to Save the Children Italy with a simple withdrawal. Here are all the steps you need to take.

Before you start, open this link to the NGO’s website and choose the crypto you want to donate from all those available. The wallet address will appear in the form of an alphanumeric code and as a QR code. Bitcoin, Ethereum, Ethereum PoW, Cardano, Polygon, USDT, USDC and Tezos are available.

  1. Open the Young Platform app in the Wallet section;
  2. From the central button ⇆, select ‘Withdraw – send funds in euro and crypto’;
  3. Choose a cryptocurrency, select the amount and click ‘Continue’;
  4. Paste the Save the Children wallet address you copied from the link provided or scan the QR code. We advise you not to type in the address manually to avoid mistakes and remember to only select the address of the crypto you want to donate! To donate Bitcoin you need a Bitcoin address, for Ether you need an Ethereum address and so on.
  5. Confirm the withdrawal via the e-mail you will receive at your address.

If you want to view the status of your transaction on the blockchain, you can paste the TxID in the search bar of a blockchain explorer like Blockchair. The beauty of charity and crypto is that you can independently verify and track all your donations to Save the Children.