Tag: New Cryptocurrencies

Young Platform is pleased to announce support for Tether (USDT), the most famous stablecoin in the world and the third cryptocurrency in terms of market capitalization 

What is Tether (USDT)?

Tether is built on the Bitcoin blockchain and backed by fiat so that 1 USDT represents 1 US dollar held in reserve by the company behind the Tether project.

Why Tether (USDT)?

Tether (USDT) remains the most widely used stablecoin due to greater liquidity and higher market capitalization.

Right now Tether (USDT) is the most liquid asset on the crypto market, with an average daily volume of $50 billion.

What is the value of 1 Tether (USDT)?

1 Tether = 1 USD

This means that if I convert 1,000 Euros into USDT, I will end up with the equivalent in dollars ($).

For example, if 1€ = 1.11$

1000 Euro = 1187.83 Tether (USDT)

Will Tether (USDT) be available on both Young Platform and Young Platform Pro?

Yes, absolutely! Tether will be listed on both our exchanges.

Which Tether pairs will be available on Young Platform?

Young Platform:

USDT/EUR (Tether – Euro)

USDT/BTC (Tether – Bitcoin)

USDT/ETH (Tether – Ethereum)

Young Platform Pro:

USDT/EUR (Tether – Euro)

USDT/BTC (Tether – Bitcoin)

USDT/ETH (Tether – Ethereum)

Buy Tether (USDT) on Young Platform

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Young Platform list Bitcoin Cash, the cryptocurrency that allows lower fees thanks to multiple transition in a block

Young is pleased to announce that starting today you’ll be able to purchase and sell Bitcoin Cash (BCH) one of the main cryptocurrencies on the market, on the Young Platform exchange.

Bitcoin Cash was launched on August 1st, 2017, the brainchild of the well-known Bitcoin community member: Roger Ver. A number of Bitcoin miners, led by Ver, proposed to increase the block size to 8MB so that more transactions could be included in each block. However, not the whole community accepted this proposal and a hard fork occurred. Currently, BCH is the sixth cryptocurrency, with a capitalisation of over 4.5 billion Euros.

Why did Young Platform decide to list Bitcoin Cash (BCH)?

Since it is one of the main cryptocurrencies, Young’s community strongly wanted this new coin: that’s why from today Bitcoin Cash (BCH) is finally available on our platform!

How much is 1 Bitcoin Cash (BCH) worth?

Currently, 1 Bitcoin Cash (BCH) is €250.00.

What is the total number of Bitcoin Cash (BCH) on the market?

There are currently 18,500,000 BCH on the market. As for Bitcoin, the maximum number of BCH that will be issued is 21 million.

What is the maximum value reached by Bitcoin Cash (BCH)?

On December 20, 2017 Bitcoin Cash (BCH) reached its all-time high of 3645 Euro.

Which Bitcoin Cash pairs will be available on Young Platform?

BCH/EUR

BCH/BTC

What are the fees for BCH?

Trading fees for BCH range from 2.5% to 1.35%:

Euro – BCH: 2.5%

Bitcoin – BCH: 1.35%.

The story of Bitcoin Cash: its founder

Roger Ver is a famous investor and one of the first Bitcoin adopters. He has invested millions of dollars in several emerging startups operating in the cryptocurrency world, including Ripple, Z.Cash, Blockchain.com, Bitpay, Purse.io and Kraken. He is also the CEO of Bitcoin.com and one of the five founders of the Bitcoin Foundation, to which he has also donated more than $1 million in Bitcoin. Ver sees Bitcoin as a way to achieve economic freedom. In the crypto community, he is also known as Bitcoin Jesus.

Ver has described Bitcoin Cash as the “real Bitcoin“, stating that in the near future the cryptocurrency will have a market capitalisation, trading volume and a larger user base than its big brother. It also appears that most of Ver’s funds are now in Bitcoin Cash, perhaps the most important indicator of his confidence in this currency.

The main features of Bitcoin Cash

 With Bitcoin cash we are in the presence of a cryptocurrency based on four key features

• Decentralisation: the network is fully distributed
• Peer-to-Peer: you can send Bitcoin Cash directly from A to B without intermediaries
• Security: it uses sophisticated encryption systems to prevent hacking, fraud and attacks
• Transparency: all transactions are available on the Bitcoin Cash blockchain, accessible and verifiable by everyone

For its supporters, Bitcoin Cash is a more convenient cryptocurrency than traditional Bitcoin: since blocks go from 1 to 8 Mb, Bitcoin Cash allows you to process many more transactions in a block. As a result, larger transaction volumes can be processed faster with lower fees. Plus, because the level of difficulty inherent in Bitcoin Cash’s mining activities varies depending on how many miners are active on the network, many of which have migrated to Bitcoin Cash, this allows them to generate higher profits at a faster pace.

50% discount on fees for BCH!

To celebrate the listing of Bitcoin Cash, Young decided to halve the fees to buy and sell BCH!

Buy BCH on Young Platform

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What is Dai and how does it work? Maker protocol’s stablecoin is now available on Young Platform! This decentralised stablecoin’s strength lies in its stability

Young Platform’s exchange is expanding and welcoming stablecoins, the cryptocurrencies that aim to defeat market volatility. Now it is the turn of Dai, Maker’s stablecoin that reflects the price of the US dollar.

What is MakerDAO?

The Dai stablecoin was developed and launched in 2017 by MakerDAO, one of DeFi’s longest running and most popular projects on Ethereum. In line with the DeFi philosophy, the Maker project is managed in a decentralised manner via a decentralised autonomous organisation (DAO), and is therefore governed by its community. MakerDAO has developed its own token, Maker (MKR), and DAI, its stablecoin pegged to the dollar price.

What is DAI?

DAI is one of the first decentralised stablecoins in the crypto landscape. It replicates the value of the dollar in a 1:1 ratio. DAI maintains its peg to the dollar through a pool of cryptocurrencies, mainly ETH, USDC and WBTC. Unlike centralised stablecoins such as USDC, it does not use fiat currencies as collateral. DAI is designed to provide rapid access to decentralised financial services, such as lending.

Why did we choose DAI?

DAI is a fully decentralised stablecoin, which implies transparent project management. Decisions regarding the stablecoin are in fact taken collectively by the entire community through on-chain voting systems. DAI also ranks among the top stablecoins in terms of market cap. Thanks to its relative stability and retention of the dollar peg it has over time become a popular stablecoin, chosen by many as an alternative to the volatile market.

Which pairs are available?

DAI-EUR

Want to know more?

Read the Academy article dedicated to Dai!

Buy DAI on Young Platform

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Dai in Young Platform exchange: the most adoptded decentralized stablecoin in the cryptocurrency market

We are thrilled to have the opportunity to cooperate with MakerDAO to push comprehension and mass adoption of DeFi: we will educate the Italian audience about Maker’s stablecoin Dai through Young Academy and Stepdrop. Later on, we are also planning the integration of Dai in the Young ecosystem.

MakerDAO is one of the most innovative projects in the Decentralized Finance (DeFi) movement – a catch-all term for financial tools and services that don’t rely on centralized parties to coordinate and control access.

MakerDAO issues Dai, the world’s first unbiased currency and leading decentralized stablecoin on the Ethereum blockchain. Dai eliminates volatility through an autonomous system of smart contracts specifically designed to respond to market dynamics. Since its launch in 2017, Dai has successfully maintained a soft peg to the US Dollar (1 DAI ≃ 1$).

Price volatility is a major barrier for a massive amount of “everyday” users to continuously use blockchain applications. With a presence on numerous cryptocurrency exchanges, multiple partnerships with global companies, and agreements with organizations serving non-government agencies, Dai is right now the main and most adopted decentralized stablecoin on the market to solve this pain point and can therefore open the way to new scenarios.

We are very excited to start our journey in DeFi together with Maker since we believe DeFi has become one of the main trends in the crypto space with its huge potential of democratizing the financial system.

XLM is Stellar’s crypto, the borderless payment network. It is available on the Young Platform exchange

Among the cryptocurrencies available for buying and selling on Young Platform is Stellar’s Lumen (XLM). Discover the features and use cases of one of the first altcoins after Bitcoin!

What is Stellar?

Stellar is a blockchain conceived in 2014 by Jed McCaleb, the founder of Ripple. It is led by the non-profit Stellar Development Foundation. From its inception, Stellar set out to improve the payment system that Bitcoin already offered. Today, this blockchain dedicated to payments and money transfers is distinguished by its noble vision to provide financial inclusion and to make the crypto world more green, ethical and sustainable. As of July 2022, Stellar reached 7 million accounts and processes billions of transactions annually.

What is Lumen (XLM)?

Lumen, also known as XLM, is Stellar’s cryptocurrency. What is XLM used for within Stellar’s network? Lumen is mainly used to pay commissions for transactions on the network. Commissions on Stellar are really cheap, they are set at 0.00001 XLM. Lumen is also indispensable to be able to use Stellar’s payment network. In order to access payment services, it is in fact necessary to possess a small amount of Lumen, i.e. a minimum of 1 XLM. These low economic access thresholds reflect the Stellar Development Foundation’s intention to make digital finance accessible to all.

Why did we choose XLM?

XLM is one of the very first altcoins, launched just before Ethereum. Stellar is one of the most established projects in the crypto landscape and it is fulfilling its mission of building a more fair economic system by connecting financial systems around the world. All through a platform that allows money to be transferred quickly, reliably and at minimal cost. In 2022, Stellar also started to open up to DeFi, announcing the development of native smart contracts.

Which pairs are available for XLM?

• XLM/EUR
• XLM/BTC

Want to know more?

Read the Academy article dedicated to Stellar, as well as the one about Denelle Dixon, director of the Stellar Development Foundation!

Buy XLM on Young Platform

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PAX Gold is now available on the Young Platform exchange, the first cryptocurrency anchored to the price of gold

We are happy to announce that you can now buy and sell on Young Platform the ultimate safe-haven asset: gold.

It is, in fact, available PAX Gold (PAXG), the first regulated token anchored to the price of gold.

PAX Gold allows you to invest directly in gold without all the problems related to physical gold and with all the advantages of a token.

What is PAX Gold?

PAX Gold is an ERC-20 token based on the Ethereum blockchain and is the first crypto-asset redeemable for physical gold and approved by the NYDFS (the New York State Department of Financial Services), which defined PAXG as “The first gold–backed virtual currency in New York state.”
Each PAXG token is supported by one troy ounce of pure gold from a 400oz London Good Delivery bar, stored in professional Brink vaults.

All those who purchase the PAXG token also own the gold they represent, but with the advantage of being able to move and store them like any other token, which is much more practical than possessing physical gold (which requires custody and cannot be easily exchanged).

Users can convert tokens to and from fiat currency (Euro) or redeem them in exchange for physical gold bars. The transparency of the project is guaranteed by the fact that token owners can also verify the serial number, brand code, gross weight, fineness and net weight of their bars.

How does PAX Gold work?

How much is 1 PAGX?

PAXG replicates the value of gold (more specifically, 1 PAXG = 1 ounce of gold).
Currently, the price of PAXG is 1494 Euro

Do I have to but 1 whole PAXG token?

Absolutely not! One of the main advantages of PAXG, is the possibility to buy fractions, as is the case for Bitcoin, Ether and all other cryptocurrencies on Young Platform.

Which PAXG pairs are available on Young Platform?

Initially, only the PAXG/EUR pair will be available.
This means that after depositing by Euro bank transfer, you can immediately buy gold on Young Platform.

What are the fees? Are there storage fees for the gold?

PAXG does not charge custody fees, unlike other tokens linked to the price of gold.
The only fee is the 2.5% commission fee (the same as all other cryptocurrencies that can be purchased and sold directly with Euro).

For those who would like to know more, we invite you to visit the PaxosGold’s website.

Buy PAXG on Young Platform

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USCD in the Young Platform exchange, a stablecoin on the Ethereum blockchain and linked to the US dollar

Young is pleased to announce that as of today it will be possible to buy one of the most important stablecoins, USD Coin (USDC), on our exchange. Like all other stablecoins, USDC can be a fallback option in these times of high volatility in the markets.

What is USDC?

USDC is based on the Ethereum blockchain and is “pegged” to the US dollar, which means that each USDC represents 1 US Dollar.

Why USDC?

USDC is one of the stablecoins with the highest liquidity and market capitalisation.

Furthermore, it is a certified project whose reserves are audited every month by 5 accounting companies including Grant Thornton LLP.

How much is 1 USDC worth?

1 USDC = 1 $

This means that if, for example, I convert 1,000 Euros into USDC, I end up with the equivalent in US dollars.

Following this example: if 1€ corresponds to $1.11

1000 Euro = 1187.83 USDC

Which USD Coin pairs will be available on Young Platform?

USDC – EUR

USDC – BTC

USDC – ETH

What are the fees for USDC?

Fees for USDC range from 2.5% to 1.35%.

Euro – USDC: 2.5%

Bitcoin – USDC: 1.35%.

Ethereum – USDC: 1.35%.

Buy USDC on Young Platform

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LTC, the Litecoin crypto also called digital silver, is now available on Young Platform’s exchange

Among the cryptocurrencies available for trading on Young Platform is Litecoin (LTC). Discover the use cases and features of the first altcoin!

What is Litecoin?

Litecoin is one of the first blockchains to be created and it is nicknamed Bitcoin’s ‘little sister’. The project was founded in 2011 from an idea of former Google and Coinbase engineer Charlie Lee. It is to all intents and purposes a fork of Bitcoin’s source code, the two blockchains are very similar in this respect. However, the differences they have are related to the block validation time and hashing algorithm. Litecoin has tried to maintain the strengths of Bitcoin’s blockchain and at the same time improve its weaknesses. Like the parent blockchain from which it derives, Litecoin works according to the Proof-of-Work consensus mechanism: it is the miners who validate transactions through their computational power and who create the new blocks in the network.

What is LTC?

‘Altcoin’ is the term used to refer to all alternative cryptocurrencies to Bitcoin. The first crypto in this category to be developed is LTC. While Bitcoin is often referred to as ‘digital gold’, Litecoin is known as ‘digital silver’. So, what is Litecoin used for? The main use case for LTC is peer-to-peer payments. Since Litecoin can process transactions 4 times faster than BTC, payments are cheaper and faster.

Why did we choose LTC?

LTC is one of the blockchains that made the history of cryptocurrencies. In operation since 2011, it continues to guarantee fast, cheap, low-energy transactions without neglecting network security. Litecoin is trying to establish itself more and more as a network for small everyday payments. It is also a blockchain known for its focus on privacy. The network integrated the Mimblewimble protocol in 2022, which takes care of transaction privacy through five different cryptographic mechanisms.

Which pairs are available for LTC?

●     LTC-EUR

●     LTC-USDT

Want to know more?

Read the Academy article about Litecoin and the one dedicated to its creator Charlie Lee!

Buy LTC on Young Platform

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