Tag: New Cryptocurrencies

Today on Young Platform you can find Decentraland (MANA), the cryptocurrency for a virtual world.

The first listing for the Metaverse month is MANA, the Decentraland cryptocurrency. Young Platform proposes the native crypto of this virtual space, after its incredible growth linked to the rebranding of Facebook to Meta.

What is Decentraland?

Decentraland is a metaverse on the Ethereum blockchain. It is a virtual space that connects users around the world through the internet. Decentraland is divided into approximately 90,000 LANDs, virtual pieces of real estate, where you can create any kind of content. Palaces, works of art, discos: like a real world, each user can explore it, visit it and take part in events proposed by other players. 

What is MANA?

Decentraland (MANA) is the cryptocurrency for Decentraland. It’s used to take part in all buying and selling activities in this metaverse. Live music shows, shops, and breathtaking resorts are only a crypto transaction away! MANA holders also have the opportunity to contribute to decisions about updates and policies in Decentraland. 

Why did Young Platform decide to list MANA?

Not just FOMO: We think that the interest in MANA is not just the fad of the moment, we look at its actual growth potential! A quick fact? Between 28 and 30 October, there was a 191.2% price increase (from $0.9106 to $2.6519). We chose MANA to focus on the future of the Metaverse and its ability to connect users in all parts of the world. MANA is the perfect token for gamers because it allows them to play using cryptocurrencies with a monetary value, unlike classic video games. 

Which MANA pairs will be available on Young Platform? 

• MANA/EUR

Want to know more?

Don’t miss out on the Academy article dedicated to Decentraland out tonight

You can now buy, sell and store Polygon (MATIC) on Young Platform!

What is Polygon?

Polygon is a network and blockchain that is based on Ethereum, but has built an entire ecosystem to facilitate the development of scalable blockchain solutions.
This means that instead of creating an app directly on the Ethereum blockchain, which requires high costs and relatively long transaction confirmation times, developers can use the tools offered by Polygon to create apps with the same convenience, but by paying more stable fees and being able to rely on instant transactions.

How does MATIC work?

MATIC is Polygon’s ERC-20 token, which is used to pay for network costs, hence the fees and gas needed to generate smart contracts and DApps.
MATIC can also be staked in the Matic Wallet, in fact, it powers the Proof-of-Stake consensus mechanism on which Polygon’s main blockchain is based.

Why has Young Platform decided to list it?

MATIC is now ranked 19th in the crypto market. Its ecosystem has grown enormously over the last year, thanks to the migration of many DeFi protocols (and others) onto its network.

To date there are about 3000 DApps on Polygon, including DeFi applications, DAOs (decentralised autonomous organisations), gaming DApps, NFT apps and much more.

Polygon is one of the main scalability and interoperability solutions on the market, which differs from the others because of its compatibility with Ethereum, from which it derives the characteristic of a wide and flexible ecosystem that can easily support any type of project.

Available pairs?

On Young Platform and Young Platform Pro you can buy and sell Polygon with the following pairs:

• MATIC/EUR

Want to know more?

Read our article about Polygon on the Young Academy!

As of today you can buy, sell and store Terra (LUNA) on Young Platform!

In May 2022, a collapse of the Terra’s ecosystem occurred, negatively impacting both TerraUSD and LUNA. This article was written before the event, so before reading it, we encourage you to learn more about the situation and stay updated. In general, Young Platform articles are intended for informational purposes only and do not constitute financial advice.

 

What is Terra?

Terra is a blockchain for global and decentralised payments. Numerous decentralised financial services and stablecoins are based on the Terra blockchain.

Terra-based stablecoins, such as UST and KRT, maintain their peg to the US Dollar and Korean Won thanks to an algorithm.

This means that they do not need to be backed by reserves of any kind, with the complications this would entail.

How does LUNA work?

LUNA is the main cryptocurrency of the Terra blockchain. In order to contribute to the blockchain, participate in governance and stake on Terra, it is necessary to have LUNA.

These many functions of LUNA encourage its demand in the market.

Why has Young Platform decided to list it?

From August 15th to 21st the price of LUNA went from around $16 to the all-time-high of around $36, making headlines on any crypto news website.

Terra (LUNA) is now ranked 16th on the cryptocurrency market.

Tomorrow, September 9th, Terra will launch an update to its blockchain (Columbus-5) that will add new DeFi features.

 

Available pairs?

On Young Platform and Young Platform Pro you can buy and sell LUNA with the following pairs:

• LUNA/EUR
• LUNA/USDT

 

Want to know more?

Read our article about Terra on Young Academy!

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You can now buy, sell and store Chiliz (CHZ) on Young Platform Pro!

What is Chiliz?

Chiliz is an Ethereum-based project that combines cryptocurrencies and sports. Through its platform, Socios.com, it allows fans of different sports to influence certain decisions regarding their favourite team and gain exclusive advantages.

How does CHZ work?

CHZ is the official cryptocurrency of the Chiliz blockchain and the Socios.com app. Fans buy CHZ in order to be able to buy Fan Tokens issued by their favourite team, so they can vote in the surveys that the team publishes on the app.

Why has Young Platform decided to list it?

The world of cryptocurrencies and blockchain is gaining momentum in sport, especially in soccer.

Just think about club NFTs, prediction markets on blockchain, think about how many clubs are entering into partnerships with exchanges.

The idea of making fans part of the life of their teams is transformed with Chiliz into a very simple and practical blockchain use case for sports fans!

Available pairs?

Chiliz (CHZ) is available for purchase and sale on Young Platform Pro with the following pair:

• CHZ/EUR

Want to know more?

Read our article about Chiliz on the Young Academy!

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As of today you can buy, sell and store Cardano (ADA) on Young Platform!

What is Cardano?

Cardano is a third-generation blockchain whose technology is based on peer-reviewed academic research.

Its blockchain is governed by the Proof-of-Stake mechanism, a transaction validation method that requires low energy consumption and has a highly scalable structure. At the end of its roadmap, Cardano will support smart contracts and fully decentralised governance.

How does ADA work?

Cardano’s native cryptocurrency is ADA, which supports staking, i.e. it can be used to earn rewards regularly.

Cardano has created 2 wallets for ADA, one is Daedalus, which allows you to participate directly in the blockchain by downloading its history. The second is Yoroi, which is lighter and can also be used as an app.

Why has Young Platform decided to list it?

Cardano (ADA) is the 5th cryptocurrency on the market, but during the year it was also 3rd, quickly climbing the rankings by market capitalisation.

Since the end of 2020, its price has risen very quickly, also thanks to the new possibility of staking in an increasingly accessible way.

Cardano is also a very structured project, both in terms of management and the long-term sustainability of its technology.

Available pairs?

On Young Platform and Young Platform Pro you can buy and sell Cardano with the following pairs:

• ADA/EUR

Want to know more?

Read our article about Cardano on Young Academy!

Buy ADA on Young Platform

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You can now buy, sell and store 1inch on Young Platform Pro!

What is 1inch?

1inch is a decentralised exchange aggregator, which is a kind of search engine that finds the lowest cryptocurrency prices to enable convenient trades for traders.

1inch also offers a yield farming feature, that allows to stake cryptocurrencies and receive regular rewards.

1inch is backed by a Foundation and its network is governed by a DAO, which is a fully decentralised and automated organisation.

 

How does 1INCH work?

1INCH is the governance token, which means that by staking your 1INCH tokens you can participate in votes regarding the functioning of the network. In addition, it can be used in Yield farming features to obtain regular rewards.

 

Why has Young Platform decided to list it?

1inch is one of those projects that the DeFi industry has been waiting for and needs. It is the first decentralised exchange aggregator on the market and offers state-of-the-art functionalities.

 

Available pairs?

On Young Platform Pro you can buy and sell 1inch with the following pair:

• 1INCH/USDT

 

Want to know more?

Read our article on 1inch on the Young Academy!

 

Buy 1inch on Young Platform Pro

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You can now buy, sell and store Tezos (XTZ) on Young Platform!

What’s Tezos?

Tezos was conceived by Arthur and Kathleen Breitman in 2014 and launched in 2017. It belongs to the ICO generation, but this was not just any ICO. It raised $232 million, which was a record for that year.

Tezos is one of the first alternative projects to Ethereum to appear on the market. It offers a smart contract protocol and a native token standard. Another distinctive feature of Tezos is its consensus and validation mechanism, the Liquid Proof-of-Stake.

How does XTZ work?

The role of the XTZ token is to maintain and keep the Tezos network running. XTZ owners can open a node and vote on protocol updates, or delegate their vote.

Why has Young Platform decided to list it?

Tezos’ native protocol provides a solid and secure basis for the development of smart contracts, driving all the derived technologies and foundational functionalities of DeFi. The Tezos Foundation supports the project in all its aspects and in particular offers regular grants to its developers.

Available pairs?

On Young Platform and Young Platform Pro you can buy and sell Tezos with the following pairs:

• XTZ/EUR

Want to know more?

Read our article on Tezos on the Young Academy!

Sign up to Young Platform

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You can now buy, sell and store Dogecoin (DOGE) on Young Platform!

What is Dogecoin?

The name of the coin is based on a well-known meme, namely the doge: a friendly shiba inu dog whose statements in comic sans are always sarcastic.

The creators are two software engineers: Billy Markus from IBM and Jackson Palmer from Adobe, who launched Dogecoin in 2013, as a satirical response to the hundreds of altcoins that were publishing whitepapers and calling themselves revolutionary.

7 years later it is among the top 10 cryptocurrencies on the market by capitalisation and has become the second most popular cryptocurrency in the world, thanks to its honorary godfather Elon Musk.

How does DOGE work?

Dogecoin is a simple means of exchange on the internet. As well as being used in social communities to trade without intermediaries between users and to support content creators, it is now accepted by more than 1,300 merchants.

The most famous of these are the Dallas Mavericks NBA team, the Kessler Collection hotel chain, AirBaltic and Post Oak Motor Cars, the first Rolls-Royce dealership.

Why has Young Platform decided to list it?

Dogecoin is now the 6th cryptocurrency on the market by marketcap and, despite its social media-driven volatility, is still on a positive trend, demonstrating that it can rely on a strong community.

Available pairs?

On Young Platform and Young Platform Pro you can buy and sell Dogecoin with the following pairs:

• DOGE/EUR
• DOGE/USDT

Want to know more?

Read our article about Dogecoin on the Young Academy!

Buy DOGE on Young Platform

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You can now buy, sell and store Polkadot (DOT) on Young Platform!

What is Polkadot?

Polkadot is not only a cryptocurrency, but first and foremost a next-generation blockchain. It was created as a “relay” blockchain that hosts “para-chains” in its network, i.e. other blockchains with specific use cases. It thus facilitates access to a wide range of blockchain-based services.

Not only does Polkadot succeed in connecting completely different projects on a technical level, but also facilitates intercommunication and, above all, does so in a scalable way.

How does the DOT coin work?

The role of the native Polkadot cryptocurrency (DOT) is key: you can stake DOT to receive rewards and participate in network governance. From $8.87 in January 2021, its value today is around $24, with an all-time-high at $48.68.

Why did Young decide to list it?

Polkadot is by far one of the most popular coins in the community this year and is currently ranked 9th for market capitalisation. And now Young Platform is the first Italian exchange to list this coin!

Available pairs?

Polkadot can be traded on both Young Platform and Young Platform Pro with the following pairs:

DOT/EUR
DOT/USDT

Want to know more?

Read our dedicated article on Young Academy!

Buy DOT on Young Platform

Buy now

Uniswap (UNI) is now available for purchase, sale and custody on Young Platform!

What is UniSwap?

UniSwap is the first successful Decentralised Exchange (DEX). UniSwap was created to facilitate decentralised trading.

How does the token work?

UNI is the governance token of UniSwap, launched two years after the birth of the exchange.
It allows to vote on decisions relating to the protocol or to delegate the vote. 

Why has Young decided to list it?

The UNI token, already on Young Platform Pro, lands on Young Platform too, by popular demand from the Young Community!

UNI has quickly climbed the market cap rankings to the top 10 and on Monday 3 May 2021 has reported an all time high, touching 45 dollars.

Want to learn more?

Don’t miss tomorrow’s in-depth look at UniSwap on the Young Academy!

Buy UNI on Young Platform

Buy now