Tag: New Cryptocurrencies

THORChain (RUNE), one of the most successful DeFi projects regarding blockchain interoperability, has officially been listed on Young Platform and Young Platform Pro. This exciting development means that users can now easily purchase, store, and sell THORChain (RUNE).

THORChain: What You Should Know

THORChain (RUNE) was developed to enable the exchange of cryptocurrencies from different blockchains, which are often inherently incompatible. This has led to the creation of THORSwap, a decentralised exchange (DEX) with an Automated Market Maker (AMM), as the flagship product of this infrastructure.

At the heart of this protocol is the native token, RUNE. It is essential for conducting exchanges as it supports the payment of transaction fees and forms the primary component of liquidity pools.

Furthermore, holding RUNE allows individuals to participate in the decision-making processes regarding the future of THORChain, positioning it at the centre of its governance mechanism.

How to Use THORChain on Young Platform?

Young Platform and Young Platform Pro offer several features for THORChain (RUNE), including:

• Buying and selling with EUR and USDT
• Setting up recurring purchases
• Creating a Single Coin Moneybox or Bespoke Bundly Moneybox

Embark on your journey with THORChain (RUNE) on Young Platform today. Discover DeFi’s endless possibilities and take part in the future of finance. Join us now and start exploring the dynamic world of THORChain on Young Platform.

Warning! Rune can only be bought and sold but not withdrawn or deposited by and on Young Platform. For more information, please read our Terms and Conditions.

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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

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All the key information for considering whether to buy Cosmos (ATOM), available now

Now you can finally buy, sell and hold ATOM on Young Platform. Learn about the key features of this project and the uses of its crypto to find out if it’s right for you!

Cosmos: all the things you need to know

The project was founded in 2017 by two software engineers, Jae Kwon and Ethan Buchman. Its development is supported by the Interchain Foundation, a nonprofit organisation, and the company Ignite (formerly Tendermint). The platform was officially launched in 2019.

What distinguishes Cosmos from most blockchains is its strong interoperability. Indeed, it reminds us of the structure of Polkadot: it is a large ecosystem for simplified development of native blockchains. 

In fact, Cosmos more than being a blockchain is an interchain, which is that structure that provides blockchains with a common protocol of operation. Any chain built on Cosmos, therefore, naturally enjoys strong interoperability, scalability and flexibility: you can develop application-specific blockchains without having to worry about developing the fundamental architecture.

One such blockchain is the Cosmos Hub, whose cryptocurrency is precisely ATOM. The token is usable in all other Cosmos blockchains, but it was created specifically for the original Hub.

Other projects built on this platform are Cronos, Kava, Osmosis, ThorChain and soon the new dYdX blockchain.

ATOM crypto can be used in these ways:

• To pay transaction fees on the network
• To stake them either as a validator or by delegating
• To receive rewards for staking
• To vote in decentralised governance processes
• To use it in blockchain and applications built on Cosmos

In the future, it will also be possible to use staked ATOMs, thanks to liquid staking, which is being developed. This will also limit the token’s inflationary pressure, promoting its growth in value. Learn more about how Cosmos works on the Academy!

How to use ATOM on Young Platform?

Here are all the features available for Cosmos (ATOM) on Young Platform and Young Platform Pro:

• Buying and selling with EUR
• Recurring purchase
• Deposit from another wallet or send through the Cosmos network
• Creating a Single Coin Moneybox or Bespoke Bundle

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Everything you need to know about the GMX crypto to decide whether and how to buy it!

The GMX crypto is available on Young Platform for purchase, storage and sale.

After dYdX (DYDX) comes the token of the most widely used decentralised application (dapp) in the DeFi’s derivatives sector. Find out all about GMX and assess whether this crypto is right for you!

GMX: all you need to know

GMX is a decentralised exchange for derivatives trading. On this platform, you can trade perpetual futures with up to 50x leverage. GMX was initially launched on the Binance Smart Chain under the name Gambit Financial, but later changed its name and migrated to Arbitrum, Ethereum’s most widely used Layer 2. Since the beginning of 2023, it has also been available on Avalanche, the blockchain founded by Emin Gün Sirer.

GMX has destroyed its competition, becoming the most widely used derivatives protocol. It is also the most popular dapp on Arbitrum and 22nd in the global ranking. The token of the same name is required to participate in the project’s governance decisions but also allows those who stake it to receive a share of the platform’s earnings.

How to use GMX on Young Platform?

Here are all the features available for GMX on Young Platform and Young Platform Pro:

• Buying and selling with EUR
• Recurring purchase
• Depositing from another wallet or sending via the Arbitrum network
• Creating a Single Currency or Customised Money Box

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All information on the DYDX crypto to decide whether and how to buy

As of today, the crypto of dYdX (DYDX) is available on Young Platform for purchase, storage and sale, however and whenever you want.

Read the short profile of this DeFi token to find out if it is right for you and see all the ways to use it on Young Platform!

DYdX: all you need to know

When we talk about dYdX, we’re definitely in DeFi territory: it is the first decentralised exchange dedicated to derivative instruments. 

The first version was launched back in 2017 and was an immediate success, attracting the biggest investors in the industry, including a16z and Polychain capital.

Its token also featured in one of the largest crypto airdrops in 2021. DYDX is an ERC-20, and is used both for voting in project governance, staking, but also for obtaining discounts on DEX fees.

In the last period, dYdX faced competition from a similar service on Arbitrum, GMX, which took its place at the top. However, the launch of version 4.0 of the protocol, which includes migration to a native blockchain and complete decentralisation at the technical level, is imminent.

Decentralisation at governance level is also planned in the near future, with the implementation of a DAO to replace the Foundation.

How to use DYDX on Young Platform?

Here are all the features available for dYdX on Young Platform and Young Platform Pro:

• Buying and selling with EUR
• Recurring purchase
• Deposit from another wallet or send via the Ethereum network
• Creating a Single Coin Moneybox or Bespoke Bundle

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You can now buy Optimism (OP) on Young Platform! Here’s all you need to know

On Young Platform and Young Platform Pro comes Optimism (OP), available immediately for purchase, custody and sale.

We continue the summer listings with another Ethereum Layer-2 project (the first was Arbitrum). So let’s see what you need to know about Optimism, and how you can use it on Young Platform.

Optimism (OP): all you need to know

Let’s start with a bit of history: the idea of building Optimism was born within the ETH community, and even more precisely by collaborators of the Ethereum Foundation. It was in this environment that the members of the first core research team met. These are the people who invented the optimistic rollup.

In fact, this is the first protocol to use these rollups to execute Ethereum transactions in a fast, convenient, congestion-free manner, in a word: scalably.

OP is the network token with which you can participate in the governance of the project. In other words, if you have OP you can contribute to decisions on Optimism updates and the use of community funds, using tokens to vote.

In concrete terms, what are the main advantages of using Optimism (OP) for you? 

1. Transferring OP and other ERC-20 tokens via the OP Mainnet instead of the Ethereum network will cost you less, especially at times when the latter is particularly busy.
2. You can use the main Dapps built on Ethereum (and others) while spending much less for token swaps or other transactions
3. If you do not like something about Optimism, you can use OP to propose and vote for changes to its ecosystem. You have the right to speak up!

How to use Optimism (OP) on Young Platform?

Here are all the features available for Optimism (OP) on Young Platform and Young Platform Pro:

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

Discover the Optimism (OP) market on the app or on the web and try out the 35th cryptocurrency listed on the exchange: now you can buy it!

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ARB, the Arbitrum token, is now available on the Young Platform exchange! Here is all the info you need

As of today, the Arbitrum token (ARB) is available on Young Platform for purchase, custody and sale, whenever you want. 

Yes, we’re finally resuming with new listings! We’ve chosen to start things off with ARB, a token that was recently launched and has been enthusiastically received by the crypto community in recent months.

Learn all about this cutting-edge project, what its benefits are and how to use it on Young Platform.

Arbitrum (ARB): the benefits and use cases

Arbitrum (ARB) is a project created to increase the scalability of Ethereum, and is built on top of the latter. This means that with its Layer 2 blockchain it is possible to carry out all the activities that are normally carried out on Ethereum, such as sending transactions or using decentralised applications, but in a cheaper and faster way. 

Similar projects to Arbitrum (ARB) are Polygon (MATIC) and Optimism (OP), also Ethereum Layer-2s. Although Polygon has a very strong market capitalisation and innovation capacity, Arbitrum has a higher TVL, i.e. value locked on the chain (at the time of writing). Compared to Optimism’s token, on the other hand, ARB immediately ranked higher on the market, as well as for TVL.

Arbitrum bases its security system on Ethereum and is highly compatible with its applications, programming languages and smart contracts. This is why it has enormous adoption potential and already demonstrates high volumes: on the one hand, it is very easy and convenient for developers already familiar with Ethereum to switch to Arbitrum and thus enrich its ecosystem of services; on the other hand, crypto users using its network save on all transactions and can use a large number of apps with agility.

The advantages of this blockchain are clear: low fees, speed and flexibility. Let’s see now how to use the ARB token. 

The main purpose with which it was launched in March 2023 is governance. It can be used to vote on decisions about the future of the project, such as protocol updates, use of the treasury and more. 

The way this governance token works is simple: the more ARB tokens you have, the more power your vote will have, and you can delegate your tokens to allow other people to vote.

This is possible because, along with the ARB token, a DAO was also established to begin decentralising the management of the ecosystem, which was previously in the hands of just Offchain Labs and the Arbitrum Foundation.

Let us now see for which operations Arbitrum (ARB) is available on Young Platform.

How to use Arbitrum (ARB) on Young Platform?

Here are all the features available for Arbitrum (ARB) on Young Platform and Young Platform Pro:

• Buying and selling with EUR
• Recurring purchase
• Receiving from another wallet or sending via the Arbitrum One network
• Creating a Single Coin Moneybox or a Bespoke Bundle

Discover the Arbitrum (ARB) Market on the app and give a warm welcome to the 34th cryptocurrency listed on the exchange!

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Find out all the details of the LUNA 2.0 airdrop on Young Platform: the listing date, the amount of tokens and whether you’ll receive them

Before going into the details of the event, let’s pick up where we left off on the Terra (LUNA) affair.

In case you have been living as a hermit under a rock for the last 4 months: in May of this year the algorithmic stablecoin UST and LUNA collapsed, along with the entire DeFi ecosystem they were supporting, including founder Do Kwon.

Even the best traders and institutions had believed in the ambitious project and suffered huge losses as a result. Following the event, you may remember that we too had to urgently delist what is now LUNC.

In reaction to this crisis, a fork was announced that rendered the old Terra blockchain, and thus the old tokens and coins, obsolete. These took on the name ‘Classic‘, while the new chain and cryptos inherited the original name ‘Terra’, ‘LUNA’, and ‘UST’. The latter are also called ‘Terra V2‘ or ‘LUNA 2.0‘ to avoid confusion.

As is often the case with forks, there was also talk of an airdrop of the new LUNAs, and this is where we left off.

We can now finally reveal how the airdrop of the LUNA 2.0 crypto will work on Young Platform.

Who will receive the LUNA airdrop on Young Platform?

Is there a key word you need to know to take advantage of this airdrop? ‘Snapshot’.

Snapshot is the term commonly used to refer to the precise instant at which a “picture” of the status of the entire blockchain in question is ‘taken’ and is considered to be valid for deciding who is entitled to the drop or not.

Two snapshots were taken for the LUNA 2.0 crypto:

• 7th of May at 14:59 UTC;
• 26th of May at 16:38 UTC.

If you had LUNA on Young Platform at that time, you are entitled to receive LUNA V2.

How many LUNA 2.0s will you receive?

• If you owned LUNA on Young Platform during the snapshot on the 7th of May, you will receive 1.034735071 LUNA2 for every 1 LUNA you held

The airdrop will then be at a ratio of 1 : 1.034735071

• If you owned LUNA on Young Platform during the snapshot on the 26th of May, you will receive 0.000015307927 LUNA2 for every 1 LUNA you kept

The airdrop will then be in the ratio 1 : 0.000015307927

This means that if you held LUNA during both snapshots, you are entitled to both airdrops.

When will you receive the LUNA 2.0 airdrop?

On Thursday the 29th of September at 14:00 UTC, both LUNA 2.0 airdrops will be distributed to all eligible persons.

The LUNA 2.0 crypto will be available for storage and trading

Aficionados of the community will have understood this already from the title: it is an airdrop, but also a listing in its own right. 

As was the case with Ethereum Proof-of-Work: with this airdrop, we want you to be able to do all the things you need to do to make the most of this new crypto.

Also from Thursday the 29th of September at 14:00 UTC, you will be able to store, withdraw, deposit, buy and sell LUNA 2.0 with Euros, on both Young Platform and Young Platform Pro.

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Good news for the Ethereum Proof-of-Work (ETHW) airdrop. Find out all the details on the listing and the Earning Wallet

In previous episodes on ETHW’s airdrop, we talked about the consequences of the Merge, but there were still many loose ends and events with unpredictable outcomes. Today we finally have the answers to these questions, but let’s proceed in order. ETHW is coming to Young Platform, find out about the airdrop and listing dates!

ETHW’s Airdrop is also confirmed for Earning Wallets

All’s well that ends well: our Earning Wallet provider was able to support the new ETHW coin. So even those who had ETH in their Earning Wallet during the 6:42 UTC snapshot on the 15th of September can now receive the ETHW airdrop.

To sum it up, you are entitled to the airdrop if:

1. On the 15th September 2022 at 06:42 UTC, you had ETH in your Spot Wallet;
2. On the 15th September 2022 at 06:42 UTC, you had ETH activated in your Earning Wallet.
3. You deactivated the Earning Wallet functionality for ETH before the 15th of September 2022 at 06:42 UTC, but your ETH had not yet been transferred from the Earning Wallet to the Spot Wallet.

When will the ETHW airdrop arrive on Young Platform? 

If you match cases 1 and 3, i.e. if you had ETH in your Spot Wallet or you had ETH exiting your Earning Wallet at the time of the snapshot, you will receive the airdrop on Wednesday the 28th September at 2pm UTC.

But would this airdrop have any point if the coin was not also listed? This is why we decided to add ETHW to the exchange’s offerings so that if entitled you can freely choose what to do with your new cryptos.

From the 28th of September at 2 p.m UTC, you will be able to hold, withdraw, deposit, buy and sell ETHW. Trading will only be available in Euros. In other words, the only pair listed will be ETHW-EUR on both Young Platform and Young Platform Pro. 

If you match case 2, i.e. you had ETHs locked in your Earning Wallet at the time of the snapshot, you will receive the corresponding airdrop on Wednesday the 5th October at 2pm UTC. 

Now that you have noted all these important dates, let’s get down to business: how much ETHWs will you receive?

The answer is simple: for every ETH you owned at the time of the snapshot on Young Platform, you get ETHW in a 1:1 ratio.

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Young Platform’s European project is being released on the open market! YNG is the emerging utility token that underpins an entire community

It is with great excitement that we announce the release of Young (YNG), Young Platform’s proprietary token. Clamoured for by our users and after a successful Community Sale, the 100% European token is ready to be traded on Young Platform and Young Platform Pro. 

From a technical point of view, YNG is a ‘utility token‘, i.e. a token that has a well-defined purpose within a system. The newly released token is the foundation on which the life of the Young Platform ecosystem is built. 

But the usefulness of a token also lies in the impact it has on a community. Thanks to Web3, and more so than in any phase of the internet and the history of human ingenuity ; its possibilities, its realisation, its future are in the hands of communities. We at Young Platform know very well the visionary power of shared ideas, just a couple of years ago a group of friends decided to bring cryptocurrencies to Italy with a ‘young’ project. Of course, the emerging token YNG owes its name to its ecosystem, but even before that to an adjective that encapsulates the whole approach of the project. Being ‘young’ has nothing to do with age, it is an optimistic attitude and openness to new things. The YNG token is the past, the present but above all the future of the projects that Young Platform has in store to add value to the crypto landscape.

What is YNG?

YNG is a utility token based on the ERC-20 standard. Before today, the token was not on the market and could be obtained in two ways. The main function of the YNG token has always been as a reward for challenges and quizzes in the Young Platform Step app, YNG could also be bought or sold at a fixed price of 24 cents to access discounts. Now that the price is unlocked, the market decides the value of the outgoing token, following the law of supply and demand. 

What’s its purpose? YNG’s value

The token is the glue that binds the Young Platform ecosystem. From the exchange, to Young Platform Pro, to the Academy, to Step, and finally the community. Young Platform’s goal is to offer a comprehensive and competitive suite, perfect for both experienced users and those taking their first steps into the crypto world. Experienced traders can use their YNGs for discounts and increased rewards, while newbies can earn YNGs while learning the fundamentals of crypto. That’s the value of the YNG token: it really is for everyone! Whatever your knowledge of the industry, YNG is a great resource to facilitate your crypto experience. Buying and locking YNG means joining the ecosystem of a 100% European , supervised and transparent exchange. Trade crypto, learn the blockchain, put your knowledge to use – all in an ‘easy’ and above all fun way: YNG will always be on the side of the community!

In short, YNG allows Young Platform users to enjoy a number of benefits reserved for those who decide to block a certain amount. To block your YNG, simply go to the Club section of Young Platform. Depending on the number of tokens you block, you have access to a Club that offers you benefits such as commission discounts as well as higher rewards from staking and airdrops. 

The Clubs are intended to make Young Platform an accessible and convenient exchange platform, and are available in four levels:

What pairs are available for YNG?

• EUR – YNG

Want to know more?

Read the YNG whitepaper!

Join the community of a 100% European exchange, stake your favourite cryptos, trade YNG, BTC, ETH and more with freedom and security. Crypto Made Easy! 

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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