Tag: New Cryptocurrencies

AXS, the token for playing and earning on Axie Infinity, is now available on the Young Platform exchange.

Gaming is one of the branches of the blockchain industry that is contributing to the popularity and spread of cryptocurrencies. One of the most popular and widely used video games on blockchain by gamers around the world is Axie Infinity, a play-to-earn Metaverse launched in 2018 that earns AXS through challenges and quests. You can now purchase the AXS token on Young Platform and Young Platform Pro!

What is Axie Infinity?

Axie Infinity is a blockchain game that uses the Ethereum infrastructure. The way it works is very similar to video games where you receive “gold” for completing specific actions, but in the case of Axie Infinity the tokens obtained are cryptocurrencies and their value does not just limit itself to within the game dynamics.

The protagonists of the Axie Infinity games are the Axies, fantasy-like NFT monsters that live in the Lunacia universe. In order to take part in the game experiences in the Metaverse, you must have at least one Axie. Axies must be bred and can fight each other in Arenas, with most player rewards coming from the success of these two actions. 

What is AXS?

AXS is one of the two tokens on which the internal economy of Axie Infinity is based, its name stands for “Axie Infinity Shards”. The second token in the Metaverse is called Smooth Love Potion (SLP), both of which are ERC-20 tokens. 

AXS is the “glue” that holds all members of the Axie Infinity community together, it can be used for staking, in-game payments and to participate in project governance by proposing updates or improvements. Axie Infinity players earn AXS as rewards for completed missions and reuse them to maintain their Axies. 

Why did we choose AXS?

On Axie Infinity you can also experiment with a range of decentralised finance services. In fact, the original intent of its developers was to bring people closer to DeFi through a fun platform. An educational mission that we at Young Platform fully share! With Axie Infinity you can try your hand at staking, decentralised NFT lending and the mechanics of a real DAO. 

Which pairs are available for AXS?

• EUR-AXS

Want to know more?

Read the Academy article dedicated to Axie Infinity!

Buy AXS on Young Platform

Buy now

From today, FTM – the token of Fantom, a scalable platform suitable for designing dapps – is available on the Young Platform exchange

Yet another Ethereum Killer? Fantom aims to be much more! Its unique consensus mechanism guarantees speed and scalability. Discover FTM, the new cryptocurrency on Young Platform! 

What is Fantom?

Fantom is a blockchain platform ideal for developing any kind of dapp. Its network consists of a main layer, called Opera, and many independent satellite chains linked to each other and to the “mother” layer, whose security and speed they exploit. Fantom is therefore a multichain, modular and interoperable network. On Fantom, you can build customised chains and dapps for any requirement. The strength of this blockchain is its scalability and speed, with Fantom processing more than 10,000 transactions per second. 

Fantom has been operational since 2019 and is designed as an alternative to Ethereum. Opera’s consensus mechanism is called Lachesis and it combines Proof-of-Stake with DAG. This optimises the recording of information by the network nodes and, by eliminating irrelevant data, speeds up the processes of the entire system. 

What is FTM?

FTM is Fantom’s native coin and has several functions. FTM is used for staking, which ensures the functioning of the blockchain itself, and to manage the governance of the project. In general, FTM is used to make transactions, pay network fees and use all DeFi services offered by the ecosystem. From NFT “minting” to yield farming operations.

Why did we choose FTM?

Fantom’s network is constantly expanding thanks to the numerous projects that choose it as their basic infrastructure and ecosystem. There are currently more than 200 dapps active on Fantom, including Solidly – created by Andre Cronje, the legendary “godfather” of DeFi – and Stader, which allows liquid staking of FTM. In general, Fantom hosts several state-of-the-art solutions in the field of decentralised finance. 

Which pairs are available for FTM?

• FTM-EUR
• FTM-USDT

Want to know more?

Read the Academy article on Fantom!

Buy FTM on Young Platform

Buy now

Ankr is the protocol that makes Web3 accessible to everyone. Now its ANKR token is available on Young Platform Pro!

The Ankr protocol has many features and is suitable for those who want to develop and explore the potential of Web3 and DeFi. This Young Platform Pro listing takes you on a tour of its native token: ANKR. 

What is Ankr?

Ankr is a protocol that started in 2017 as a decentralised cloud computing network (DCCN). However, today its uses have multiplied, in particular, Ankr aims to facilitate the use and development of Web3 with different blockchains. Ankr’s flagship service is related to the opening of nodes in a network. Thanks to Ankr, the barriers to becoming a node are reduced and the creation of business models, applications and strategies based on staking or validation is facilitated.

Ankr offers a range of APIs and development tools for programming on all major Layer 1 and Layer 2 blockchains.

A more specific Ankr solution is staking. With Ankr it is possible to become a staking provider by simply offering one’s own computational power to Ethereum nodes, or staking as a user with only 0.5 ETH and receiving rewards in aETH, a token tradable on Uniswap. This solution stems from the need to make participation in Ethereum 2.0’s Proof-of-Stake more accessible, which requires at least 32 ETH to be blocked.

This mechanism also applies to other staking protocols, whereby Ankr makes it possible to obtain rewards from tokens used in staking and at the same time be able to use them, through so-called “liquid staking“.

What is ANKR?

ANKR is the utility token and governance token of the protocol. It can be used with both the Ethereum standard, ERC-20, and BEP-20, the BNB Chain standard.

Its utility in the network is transactional, in fact it is the payment currency that users need to access services offered by providers in the decentralised network. The token can also be staked to contribute to the network and/or receive rewards. Ankr also has a DAO, in which any ANKR owner can participate to support the decentralised governance of the project.

Why have we chosen ANKR?

Ankr offers a reference infrastructure to DeFi users, dapp developers and professional stakers alike. It thus manages to overcome the current limitations of blockchain and make it accessible, without sacrificing decentralisation. 

Chandler Song, along with two fellow UC Berkeley students, decided to found Ankr following his experience at Amazon Web Services (AWS), with the aim of decentralising cloud computing. But Ankr has not limited itself to this and has been able to adapt to the new technological demands of the rapidly changing market, developing solutions for Web3. 

Pairs available?

• ANKR-EUR

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New listing on Young Platform! Here is KSM, the token of Kusama, the blockchain for those who want to test the Web3

From the developers of Polkadot, from the co-founder of Ethereum, from the technology of the Web3 Foundation, here’s Kusama! From today on Young Platform you can buy KSM, the token of the blockchain known as a sandbox for developers of decentralised projects.

What is Kusama?

Kusama is a blockchain born in 2016 as an experimental version of Polkadot. The goal of its developers was to have a network with a token that was actually on the market in order to test dapps or updates, and then to bring them to Polkadot. It is precisely because of this testing function that Kusama is called a “canary network”, referring to the scouting role of canaries used by miners to detect harmful gases in mines. 

Although it is independent of Polkadot, Kusama shares its basic code and, like Polkadot, is defined as a Layer 0 blockchain on which to build parachains and parathreads. Compared to Polkadot, Kusama is a lighter and faster blockchain designed for the development of decentralised projects.

What is KSM?

KSM is the native token of the Kusama blockchain. The KSM token is mainly used for staking on which the blockchain’s consensus mechanism, the Nominated Proof-of-Stake, is based. According to this mechanism, block validators are appointed based on the amount of KSM being staked. The token is also used to vote on network governance and to connect parachains and parathreads to Layer 0.

Why have we chosen KSM?

Like Polkadot, Kusama focuses on a key feature of Web 3.0 blockchains, namely interoperability. Together the two chains form an ecosystem focused on scalable and secure technology development. In fact, Kusama is perfect for experimenting with the potential of Polkadot in a cheap and fast way. Kusama is much more flexible and sets less strict rules for developers. Once you are fully operational on Kusama, you can get going on Polkadot!

Which pairs are available for KSM?

• KSM-EUR

Want to know more?

Read the Academy article out tonight!

Buy KSM on Young Platform

Buy now

The secret weapon of all dapp developers? The Graph, the protocol that makes data on the blockchain quickly available. Now on Young Platform!

GRT, the token utility of The Graph, the protocol that encourages and facilitates the creation of dapps for Web3, is now available on the Young Platform exchange. 

What is The Graph?

The Graph is an open-source protocol to collect and make accessible blockchain data in a decentralised manner. One of the strengths of the blockchain is that the information circulating between blocks is public, however, even if this data is accessible to everyone, retrieving it can be complicated. There are two ways to find a piece of data on the blockchain, the first is to look through the entire history of the chain (a very long process), the second is to use blockchain explorers. These tools, however, such as Etherscan, are software owned by companies, centralised entities that require a licence. The third way is The Graph, called by many the “Google of blockchain“. 

The Graph works as an index for the Web3, it is a registry of ordered and easily findable data active since December 2020. Why is it so useful to have this kind of data at hand? Because developers can use it to build performing and complex decentralised applications. The Graph protocol was created with the aim of facilitating their work: companies using The Graph make their data, their APIs and their programming tools readily available. In this way, data useful to other apps is decentralised and easy to find, which makes the apps faster and therefore more user-friendly. 

What is GRT?

GRT is the utility token of The Graph. GRT is an ERC-20 token, built on Ethereum, which will be used for governance and in the internal economy of The Graph. 

The collection of information and its organisation is the work of different players: there are indexers who index the data or curators who select the most significant data. But also delegators, fishermen and arbitrators. They are incentivised to do their job better through rewards in GRT. On the other hand, users who want to access the data collected by The Graph pay fees in GRT. 

Why have we chosen GRT?

The Graph is a crucial tool for building a decentralised version of the internet, where information is the building block, the essential base from which to build. The Web3 needs resources like these that encourage all those who have an idea and want to implement it on blockchain. There are already many dapps using The Graph’s protocol, including Decentraland, Uniswap, Sushiswap and ENS. 

Available pairs?

• GRT-EUR
• GRT-USDT

Want to know more?

Read the Academy article on The Graph!

Buy The Graph (GRT) on Young Platform

Buy now

From today on Young Platform and Young Platform Pro, you can buy ALGO, the Algorand token, the environmentally friendly and scalable blockchain.

Young Platform’s exchange welcomes ALGO! If you’re not already familiar with Algorand and all its features, this listing is the perfect opportunity to find out if it’s the blockchain for you!  

What is Algorand?

To understand what Algorand’s blockchain is made of, we can focus on two concepts: decentralised finance and the scientific study of blockchain. The first aspect tells about its main applications, in fact, more than 600 global organisations use Algorand’s tools to offer financial services or protocols and dapp for DeFi, decentralised finance. 

The second describes a distinctive approach of Algorand, namely its close ties with universities and academia. The blockchain team is made up of leading research figures and Algorand’s founder, Silvio Micali, won the Turing Award in 2012 for his studies on cryptography. 

Algorand is also an environmentally friendly blockchain, its consensus mechanism, the Pure Proof-of-Stake, requires a reduced amount of energy and in general, Algorand is committed to zero environmental impact. 

What is ALGO?

ALGO is Algorand’s native token and has huge importance in the working mechanisms of the blockchain and its services. First, all Algorand nodes must have staked a certain amount of ALGO to validate transactions, which is the first major function of the token. What is ALGO also used for? To pay network fees and hosted protocol services, and participate in blockchain governance. 

Why have we chosen ALGO?

Algorand has been chosen by many fintech companies, start-ups and institutions as a technology base on which to build their projects. Since it also involves centralised institutions, it seems to be a bridge between classic and decentralised finance. By connecting these two worlds, each with its own needs, Algorand is the right place to build innovations. Moreover, the enormous growth of this blockchain is supported by its community, which ensures that everything is in line with Algorand’s long-term vision of the future of finance. 

Available pairs?

ALGO-EUR

Want to know more?

Read the Academy article dedicated to Algorand!

Buy ALGO on Young Platform

Buy now

On Young Platform Pro you can now find ENS, the Ethereum Name Service token for personalised blockchain domains.

Today’s listing is for ENS, the Ethereum Name Service token, the platform to claim domains on blockchain. What’s new at Web3! 

What is Ethereum Name Service?

Ethereum Name Service is a platform to acquire domains registered on the Ethereum blockchain. In the Internet lexicon, a “domain name” or “domain” is a name associated with a server’s IP address and used to identify a website in a simple way. 

Blockchain domains work in a very similar way to classic web domains, but with all the advantages of being on blockchain. You can associate the addresses of any wallet with a blockchain domain and use it instead of long addresses made up of letters and numbers. This gives you a simple, easy to remember and shareable address on which to receive cryptocurrencies, tokens or NFTs. A blockchain domain can also be used to build decentralised websites that are immune to censorship: only the owner can delete or modify the content. Unlike classic Internet domains, blockchain domains are not held in a registry but in a wallet. They are therefore assets in their own right, exchangeable like a cryptocurrency and also circulating in secondary marketplaces.

With Ethereum Name Service you can buy a .eth domain on Ethereum and use it as your social media username and address for your transactions. Many people already use this service, including crypto stars such as Paris Hilton (parishilton.eth), and basketball player Shaquille O’Neal (shaq.eth)! You can check that the name you have in mind has not already been bought by someone on ENS website.

What is ENS?

ENS is the native token of the Ethereum Name Service intended for managing the governance of the project’s DAO. ENS holders are entitled to express their opinions on issues such as the formulation of the ENS Constitution. If you’ve already bought a .eth domain, you could be entitled to redeem some ENS tokens! 

Why have we chosen ENS?

Ethereum Name Service has so far registered 652,000 domains on Ethereum for a total of 209,000 owners, demonstrating that it offers a valuable product. The market for blockchain domains is interesting because of the possibility of creating decentralised websites and the convenience of having a user-friendly wallet address. One thing is certain, blockchain domains are the user names of the Web3. 

Available pairs?

ENS/USDT

Want to know more?

Read the Academy article out tonight!

Buy ENS on Young Platform Pro

Buy now

On Young Platform’s exchange you can now find SOL, the Solana token. The most popular blockchain on the market for scalable and green smart contracts.

This is Young Platform’s first listing of the year! Today SOL, the Solana token, joins the squad. A blockchain that is being talked about for its qualities: speed, convenience and environmental friendliness.

What is Solana?

Solana is the most ambitious blockchain there is! Its goal is to offer fast and low-cost transactions forever. Solana is committed to never costing more than $0.01, and at the moment it costs an average of $1.50 to create a whole NFT! Sure, transactions are cheap, but how fast are they? Solana can reach around 50,000 transactions per second! With the game Break Solana you can test its speed yourself by challenging Solana. In 15 seconds, can you simulate sending the same number of transactions that the blockchain processes?

Solana is the blockchain of choice for developers, not only for its convenience, but also for its practicality. With its flexible infrastructure, anyone can create custom apps using different programming languages.

Let’s not forget that Solana is one of the greenest blockchains around. Thanks to its Proof-of-Stake consensus mechanism, it is energy sustainable and in 2021 it reached carbon neutrality. 

What is SOL?

All services in the Solana ecosystem work thanks to the SOL token. It is used both to pay network fees and in staking and validation processes. 

Why did we choose SOL?

Because of its features, Solana is the right solution even for those who are new to blockchain. Being cheap, it allows you to experiment without spending too much. Solana is a network where the motto “learn by doing” applies! This is why it attracts innovative and creative ideas: Solana was chosen by promising apps such as Audius, the first streaming platform for music on the blockchain. 

Which pairs are available for SOL?

• SOL/EUR
• SOL/USDT

Want to know more?

Read Academy’s article on Solana out tonight!

Buy SOL on Young Platform

Buy now

On the Young Platform exchange you can now find AVAX, the Avalanche token. The blockchain for developing decentralised, scalable and secure projects

New listing on Young Platform. Have you heard of Dapps? And DeFi? Surely you know what an NFT is! Avalanche is the blockchain that allows developers to do all these things in a simple way.

What is Avalanche?

Avalanche is a project started in 2018 by developers at Ava Labs. It is a blockchain that solves the trilemma of scalability and is therefore simultaneously scalable, secure and decentralised. How is it possible to have all three characteristics? Thanks to Snowball, the consensus algorithm of this blockchain. On Avalanche you can find a platform to create blockchains, a Smart Contract protocol to develop Dapps and NFTs, a tool to create tokens and to tokenise assets.

What is AVAX?

How do you do all these things on Avalanche? By using the AVAX token. It is used to pay network fees and as an exchange token in all the dapps that the platform provides. In addition, AVAX is used as collateral for validators, who have to stake at least 2000 AVAX to participate in the network. 

Why did we choose AVAX?

AVAX is the token for those who want to enter a new decentralised ecosystem, which is very fast, has very low fees and is environmentally friendly. There is a DeFi ecosystem developing around this blockchain to keep an eye on. Such as? Pangolin, a decentralised exchange on which to do staking and yield farming. Or Yay Games, a decentralised games platform and marketplace. 

What pairs are available for AVAX?

• EUR-AVAX
• USDT-AVAX

Want to know more?

Read the Academy article on Avalanche!

Buy AVAX on Young Platform

Buy now

On Young Platform Pro is now available ENJ, the token of the Enjin platform for NFTs

In the Metaverse month, MANA and SAND joined the team. Today it’s the turn of Enjin (ENJ), the cryptocurrency for NFT lovers!

What is Enjin?

Enjin is a platform that makes life easier for all those who use, create and sell NFTs. The project was founded in 2009 to focus on the gaming industry, but over the years it has increasingly turned to blockchain technology and its integration into games. Enjin now offers a whole range of tools for individuals, companies and developers to develop and monetise digital content.

These tools include a marketplace, a wallet and software for making NFTs. The aim of the platform is to reduce the costs of these operations and make them easier. Enjin currently works with more than 70 gaming and tech companies, including Microsoft. 

What is ENJ?

To leverage all the services of the Enjin ecosystem was designed ENJ, an Ethereum-based token. Its main purpose is to support NFTs at every stage of their existence: from creation to destruction, from buying to selling. 

Why did we choose ENJ?

You may have noticed that we have been devoting a lot of blog articles to the topic of NFT lately. We have been warming up in anticipation of Enjin’s entry! By now non-fungible tokens are everywhere, even Young Platform is getting ready for the Metaverse adventure.

ENJ is ideal for non-programmers who want to try their hand at collecting or designing digital content, or for game enthusiasts who want to make their gaming experience as cutting-edge as possible. 

Available pairs?

• ENJ/USDT
• ENJ/EUR

Want to know more?

You can’t miss tonight’s Academy article on Enjin!

Buy ENJ on Young Platform Pro

Buy now