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Your exchange opens its doors to the Community: here come the Clubs!

Community Sale Chapter 2: after Cashback, today we discover how Young Platform’s Clubs based on the YNG token work. Here are all the advantages!

On the 10th of May, we launched the Community Sale of the YNG token to allow Young Platform enthusiasts to play ahead of the rest of the market before the 31 May listing.

We have introduced the Cashback mechanism on YNG purchases over €200 and reconfirmed the fixed price of €0.24 until the 24th of May.

But Cashback is not the only advantage of the YNG Token: we have another card to play!

These are the Clubs, exclusive packages for token holders to experience the world of Young Platform even more intensely. It’s time to find out how they work and what benefits they bring!

What are the Clubs and how do they work?

Imagine experiencing Young Platform like a celebrity. Discounts, promotions and exclusive benefits at your fingertips. Imagine being part of an inspiring community and being in direct contact with the team at your favourite exchange. If only you could count on personal attention and five-star support. 

No need for daydreaming, the Clubs are coming to fulfil your fantasies! 

The crypto project of the moment decides to do an airdrop in collaboration with Young Platform? Perfect, you will receive a bonus on the tokens distributed!

Want to stake your cryptocurrencies? Great, your rewards will be increased and your assets won’t just gather dust!

So if you want the ultimate crypto experience on Young Platform, don’t miss out on the Clubs. These are packages of benefits that will be accessible from the 31st of May* by locking the YNG you own or buy. The more YNG you lock, the more benefits you will get and the higher your Club level will be.

Accepting the invitation to the Clubs also means actively contributing to the growth of Young Platform: in an ecosystem, as in a community, the success of one part is the success of all!

How do I join the Clubs?

The Clubs are already visible from the 10th of May on Young Platform, but you can only sign up from the launch of YNG on the market, on the 31st of May*.

Only YNG from your Step Wallet can be used to join a Club, i.e. not locked YNG.

The minimum subscription period – and therefore the blocking of YNG used to join – will last 90 days.

After these 90 days, you can decide to unsubscribe and unlock the YNG, or stay subscribed and leave the YNG locked for as long as you want. 

Do you have more questions about how Exclusive Clubs work? Here are all the answers you need!

*Dates may be subject to change because of delays caused by third parties involved in the process.

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Discover what YNG is, Young Platform’s community token!

yng token

The Young Platform token can be purchased in advance thanks to the Community Sale. Find out what YNG is and how it works!

We’re excited to introduce YNG, Young Platform’s token! With our Community Sale, we want to give you the chance to buy the token in advance, before the official launch. What’s the advantage of the pre-sale? To reward those who have always believed our exchange, you’ll get up to 15% cashback during the Community Sale. All without commissions! What’s more, for the duration of the Community Sale, the token price will remain locked at 24 cents. Find out what YNG is and how it works!

A token compatible with Ethereum

A token is a based on a blockchain external to the project that developed it. This means that Young Platform does not have its own blockchain, but has decided to create its YNG token on Ethereum, using its ERC-20 standard. Ethereum is one of the longest-running and most famous blockchains in the crypto world, and is used extensively for the creation of new tokens. The ERC-20 standard is among the most secure and widely used, and is the protocol of choice for cryptocurrencies of all types such as Chainlink, Tether and BAT. One of the features of the YNG token is therefore its compatibility with Ethereum! 

A community-token for a community-driven project

One of the cornerstones of Young Platform is its focus on the community. Thanks to YNG, everyone can enter the world of blockchain! The token allows you to not only be a passive spectator of the crypto world, but to become part of a technological ecosystem that is developing right now, before our eyes. You can earn rewards in YNG by studying and testing your knowledge on Young Platform Step, or you can unleash your inner trader by trading the token on our exchanges. Or you can enjoy exclusive bonuses reserved for those who block a certain number of YNG tokens in their Wallet. Whichever path you choose, with YNG you’ll have front row seats to watch this technological revolution with like-minded people!

Not only for expert traders!

After the end of the Community Sale, the official YNG listing will follow. What does this mean? It means you can unleash your inner trader and trade the Young token just like you trade Bitcoin and Ethereum! The price will no longer be locked at 24 cents but will be decided by the market, so take advantage of the cashback and fixed price to get a head start. Even if you’re new to trading, you’ll find the Young Platform services to be as simple and intuitive as you need to get started. 

But the news about the Young (YNG) token doesn’t end there. Buying and locking YNG will provide you with fantastic benefits to give you a tailor-made experience in the crypto world. Want to know more? All will be revealed tomorrow!

In summary, the YNG token reflects all the characteristics and ideals of Young Platform. The search for proven and reliable technologies, such as Ethereum, to promote a secure and certified experience. The focus on ensuring straightforward and no-nonsense services, to learn crypto by going straight to the point. But above all, the centrality of the community and the desire to reward its loyalty!

Now that you know what the YNG token is and how it works, why not be one of the first to join us in the Community Sale? Share your passion for cryptocurrencies and join Young Platform!

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5 curiosities that make Fantom a unique DeFi platform

What metaverse and NFTs are on Fantom? Why is it linked to Cronje? What is its logo doing on F1 circuits? Find out 5 interesting facts about Fantom!

FTM, the Fantom token, is now available on Young Platform! Surely you’ve already heard about it, this blockchain platform is one of the most widely used for the provision of DeFi services, but are you sure you know everything about it? Certainly its “spooky” branding doesn’t go unnoticed, between emoji of ghosts and the reference to the musical “The Phantom of the Opera,” the developers who use Fantom indulge in metaphors and creepy names. One example? The BOO token from Spookyswap, the dapp Tomb Finance and the NFTs from Fantums of Opera. But the FTM ecosystem doesn’t only hide horror easter eggs, here are 5 interesting facts about Fantom!

1. Andre Cronje’s history with Fantom

A simple search on Google or Twitter shows that Fantom is often associated with the name Andre Cronje. But who is Andre Cronje? And most importantly, why is he so important to Fantom? Cronje is one of the most prolific developers in the DeFi industry, creating several protocols and dapps that have helped shape the current image of DeFi and Web3. Cronje has become a crypto star because of his coding skills but also because of his repeated “rage quitting” over DeFi (after the last one a few months ago, in the past few days he broke his silence by talking about the need for crypto regulation). His most famous creations are Yearn Finance and Keep3r, but Cronje has also contributed to the development of other protocols such as Fantom. The developer worked on Fantom from 2018 to 2022 as a technical advisor and as chairman of the Fantom Foundation Technology Council. His imprint was decisive and his prestige in the DeFi field attracted the trust of many people who became Fantom supporters.

After Cronje’s farewell, Fantom suffered in terms of popularity and TVL decline, but DeFi is not made by individual developers. The team has continued to work, gaining deserved success!

2. Fantom cradle of Metaverse

When designing a Metaverse on blockchain you have to take into account all the transactions that need to be processed by all the active users, and Fantom has all the makings of a platform loved by Metaverse developers: it’s fast, scalable and cheap! 8BIT Nostalgia is one of the Metaverse on Fantom, essentially an interactive 3D space that can be explored by avatars sold as NFTs. On 8BIT there are game areas and arenas where users can come together to chat and design new features. 8BIT is expanding through various collaborations, for example owners of the ADAPunks collection on Cardano will be able to use their skins on Fantom as well. As the name implies, the atmosphere of 8BIT is very nostalgic. You can’t help but shed a tear when you think back to Pokemon Perla on Nintendo DS!

Another Metaverse on Fantom is Pod Town, which is distinguishing itself by building a solid in-game economy. Pod Town is integrating a number of DeFi services that allow players to manage and monitor their in-game assets and wallets. The third noteworthy project is Slothtopia, this Metaverse on Fantom is developing a 3D virtual world compatible with VR. 

3. A strong team

Fantom works with the crème de la crème of Web3. In fact, among the protocols integrated into the blockchain platform are Chainlink, The Graph and Ankr. In detail, Fantom works with Chainlink to ‘build secure and scalable DeFi products such as decentralised stablecoins, lending protocols and synthetic assets’. Developers using Fantom’s infrastructure can freely access Chainlink’s oracles to combine and compare on-chain and off-chain data from trusted sources. The Graph, on the other hand, comes in handy when one wants to consult information from different blockchains, information that can be useful for developing and offering cross-chain solutions. With The Graph, Fantom has found the solution to interoperability problems. Finally, Fantom uses the API and development tools of the Ankr protocol.

4. Book your holidays with Fantom

Among the five facts about Fantom, there is an initiative that makes people dream about holidays. In 2020, Fantom started a partnership with Travala.com, the leading cryptocurrency travel booking platform active since 2017. Thanks to this partnership, people can directly use their FTMs on Travala to book hotels, houses, flights, tours and various activities. The Travala project aims to make the travel industry cheaper, fairer and more inclusive, those who use FTM for payments will be able to save over 40% (compared to other classic online travel agencies) and be able to choose from 2 million properties and 600 airlines. 

5. Speed champions agree: Fantom and F1

Fantom has signed two agreements to sponsor Formula 1 projects. In 2021, the partnership with the Italian team Scuderia Alpha Tauri was announced, with the Fantom logo appearing on the car, helmets and drivers’ overalls. 

Since March 2022, the Fantom brand has also been present on the equipment of Pietro and Enzo Fittipaldi, the two F1 drivers also known as the Fittipaldi Brothers. In addition to the sponsorship, the two brothers have chosen Fantom as the platform to create their first NFT collection. “My brother and I have been interested in the cryptocurrency space for some time, we are fascinated by the potential it has to inspire financial freedom and the tools for athletes to engage with their fans,” commented Pietro Fittipaldi.

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Amounts for Card Deposits have increased

The maximum amount allowed to deposit by credit or debit card on Young Platform has changed.

How does the card deposit work?

Depositing by credit, debit or prepaid card via Visa or Mastercard is a deposit method only available in Italy for cards issued in Italy.

This is one of the instant credit methods, along with Satispay. Instant transfer and cash recharge can take up to 15/30 minutes.

What changed?

You can now deposit up to €1500 in a single card transaction, instead of €250.

Within a 7-day period, you can deposit up to a maximum total of €3000 by card, while there is no longer a daily limit.

In the case of Cards, these limits apply to all Account Levels without distinction, whether you have only completed the Level 1 identity verification, or the following.

In fact, it is only in the case of Bank Transfers that limits depend on Account Levels.
You can consult the limits and fees for other deposit methods on this page.

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Acqui-hiring: Young Platform absorbs the skills of Arithmos Trading Ltd

The acquisition will allow Young Platform to develop new and innovative proprietary trading algorithms, fully automatic and built ad-hoc for the crypto markets

Arithmos Trading Ltd has distinguished itself through its achievements, with dozens of certified track records and its methodology for designing new automated strategies

The operation will result in an Italian company bringing back talent and advanced technologies in the crypto world that had previously ended up abroad

Turin, 13 January 2021 – Young Platform S.p.A., the platform that simplifies access to the world of cryptocurrencies, has announced the acquisition of Arithmos Trading Ltd, a company specialising in the development of fully automated trading systems. An automated trading system processes multiple sources of information at a very high speed in order to maximise profit while minimising risk and human intervention.

Arithmos Trading Ltd’s algorithms have been proven, with certified track records and objective results, to address the changing and unique needs of the crypto markets. Through this operation, Young Platform intends to consolidate its position as a leading Italian crypto exchange, capable of bringing new and exclusive features to its users in the future.

Through the acqui-hiring operation, the intellectual property of Arithmos and its team will be integrated into Young Platform’s staff, thus allowing an Italian company to bring back advanced technologies and competencies in the crypto world that had previously ended up abroad.

Arithmos Trading Ltd was established in London in 2020 after years of research and development by its two founders, Edoardo Degli Innocenti and Matteo Meinardi, both engineers with MBAs from the Collège des Ingénieurs. In a short time, Arithmos has managed to invent a proprietary methodology capable of building robust algorithmic trading systems capable of automatically trading in more than 20 different markets simultaneously.

The great flexibility and originality of the strategies of the London-based firm, which has developed three different families of trading systems capable of generating net profits of over 70% per year, will allow Young Platform to enable a set of new exclusive features for platform users in the future, based on the most modern techniques of strategy design and artificial intelligence, thus gaining a further concrete competitive advantage in the market.

The operation is strategic in the overall industry landscape, which has seen major international financial market players introduce innovative algorithmic trading products during the pandemic to ensure better services and help clients navigate the increasingly complex and volatile market dynamics.

Edoardo Degli Innocenti and Matteo Meinardi, founders of Arithmos Trading Ltd, commented: “We are proud to have achieved such ambitious results in just two years, thanks to a focus on the development of innovative and effectively integrated products, from which we expect considerable synergistic contributions to accelerate the growth of Young Platform into an industry leader.”

Andrea Ferrero and Mariano Carozzi, CEO and Chairman of Young Platform, commented: “We believe that artificial intelligence applied to trading will play a significant role in Young Platform’s future. The solutions developed by the Arithmos team are the highest in terms of reliability and performance. We are excited about Young Platform’s upcoming future, and with this team on board, we hope to further accelerate our development at an international level as well. “

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Recurring Purchase now with Satispay on Young Platform

satispay

We have developed the missing piece that completes the functionality of Recurring Purchase, Money Box and Deposit with Satispay. We combined all 3!

If you haven’t guessed, you can now set up Recurring Purchase and pay with Satispay.

Let’s do a quick recap, for those who missed the last features released last year.

How does the Satispay Deposit work?

Since November you can top up your Young Platform account with Satispay in the following way:

  1. For free
  2. Instantly

This means that it is also free to use Satispay for recurring purchases on the Wallet and the Money Box. Needless to say, this is the most convenient deposit method if Satispay is available in your country.

Read our guide

What is the Recurring Purchase?

Do you prefer to buy Bitcoin or Ethereum on a regular basis, instead of keeping up with the market?

While you are buying, you can choose to set a frequency with which this will be repeated: weekly, every two weeks or monthly.

Just set the amount and choose how you want to pay: with your Euro Wallet, by card (Italy)… or with Satispay!

Once confirmed, the first operation will be performed and then regularly repeated automatically. 

If you choose to pay by card, each time a deposit will be made that requires a fee and then a purchase that requires a second fee. 

If you use Satispay, you only pay the purchase fee.

Want to push the envelope? By buying the YNG token you can even halve your purchase fees.

Read our guide

What is the Money Box?

Did you know that recurring purchases can also be programmed to top up the Money Box on a regular basis?

The Money Box is a separate wallet from the one you use to buy and sell. It is the ideal place to accumulate and store cryptocurrencies for the medium term. It helps you realise your goals more easily and keep track of all your crypto operations on Young Platform.

Read our guide

Sign up to Young Platform
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To the Metaverse and beyond with Young Platform

In Young Platform November is the month dedicated to Meta and the Metaverse: every wednesday a new cryptocurrency

As everyone knows by now, on 28 October Mark Zuckerberg announced the rebranding of Facebook to Meta. The name refers to the company’s vision of creating a metaverse that brings together all its products to create a single virtual interaction space.

So these days there is nothing but talk of the Metaverse, but it is not a new concept. 

The Metaverse is a dematerialised parallel world using virtual or augmented reality technologies.

In this parallel reality, you can play, create, make friends and even work. Many companies are involved in creating technologies to facilitate access to this dimension or experiment with virtual worlds’ operation.

You may have heard of Second Life, a game released in the early 2000s, seen films such as Ready Player One, or perhaps even tried a pair of VR goggles. More recently, you may remember that social distancing brought out new ways of visiting a museum or a house on real estate sites last year. Well, this is the next frontier of the Internet.

What happened in the crypto market?

If you are even familiar with the crypto and NFT environment, you will have heard of metaverse on blockchain, such as The Sandbox. Blockchain projects are even more fascinating because they make the metaverse decentralised, so its management is in the hands of the players.

This is where it gets interesting. The social giant’s announcement, in fact, had a particular effect on the small blockchain world: the price of some cryptocurrencies linked to a metaverse on blockchain went up considerably.

Axie Infinity (AXS), the largest-capitalised NFT-cryptocurrency, reached a new All-Time-High on 6 November, with 25% growth since the announcement. 

The Sandbox (SAND), on the other hand, is the one that has done the most impressive numbers, with a 224% price increase from 28 October to 8 November.

It seems only right that we devote the rest of this November to the Metaverse, in all its facets, but especially on blockchain.

What’s going to happen?

  • There will be wednesday-listings of new cryptocurrencies on Young Platform
  • You will be able to read dedicated insights on the Academy
  • You will receive news on this topic from the Blog

Buy SAND!
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Young Platform raises €3.5 million from United Ventures

Turin, 28th June 2021. A few months after Young’s third birthday, we want to celebrate with you a new stage in our history. We have closed a new €3.5 million capital increase with United Ventures, one of the Italian leading venture capital funds in Italy specialising in investments in digital technologies.

This Top League round represents an important confirmation for Young Platform, which will allow us to consolidate our leadership in Italy and lay the foundations for an international expansion.

Founded to bring transparency, inclusion and education to the world of personal finance and digital assets, Young Platform will continue to develop new services related to cryptocurrencies and decentralised finance, while maintaining our community-driven identity, and focus on user education through user-friendly products. 

Young Platform is first and foremost a community, a group of enthusiasts and professionals who share valuable know-how. This sharing principle has resulted in our products becoming educational tools for people who want to enter the crypto market but don’t know where to start, as they can access the knowledge base to do so in an informed manner. 

We believe that education and awareness are the best ways to get started, that’s why our educational content is available for free to all levels of experience, with 24/7 support.

The company, the team, and our community of nearly 300,000 cryptocurrency traders and enthusiasts could not have found a better partner than United Ventures’ team.

United Ventures’ mission is to identify and promote disruptive innovations in the Italian technology industry and turn them into international businesses. However, what has certainly driven our union is the sharing of common values – first and foremost, the belief in always putting people first.

Their investment portfolio already includes the likes of MusiXmatch, Moneyfarm and Faceit. It is therefore an honour to join this team and bring our community with us.

 

To the moon!

Team Young

Read the article on Tech.eu and EU-Startups

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Everything you need to know on Ripple, XRP and the SEC

According to European legislation, Ripple is compliant. Therefore Young Platform will not be removing XRP

The Enquiry

On 22 December, the SEC filed a lawsuit against Ripple Labs, the company behind the cryptocurrency XRP. The SEC (Securities and Exchange Commission) is the federal agency that oversees the US stock exchange. The SEC is investigating the relationship between Ripple Labs and XRP, alleging that the latter is actually a security token.

The SEC alleges that the founders launched the XRP currency by selling it as a share of the Ripple company, without registering it as such. The ICO launched by XRP raised more than $1.3 billion from investors all around the world. Therefore, the lawsuit centres on the fact that the SEC holds Ripple Labs responsible for failing to register its offering as an investment contract for investors. Ripple promptly responded to the lawsuit, anticipating the SEC’s official charges on Twitter.

XRP will stay on Young Platform

The debate has led to the major US-based exchanges delisting or planning to delist XRP.

However, according to European legislation, Ripple is compliant. Therefore Young, like other European exchanges, will not be removing XRP from the Young Platform and Young Platform Pro exchanges at this time. This is because we want to avoid harming our users and give them the ability, in accordance with current European regulations, to continue to sell, buy or trade their XRP.

The future of XRP on Young Platform

Should the company’s main liquidity providers remove Ripple from their offerings, it is likely that Young will also be forced to delist XRP. Should this happen, our customers’ funds will still be protected by allowing them to be converted to fiat or sent to external wallets prior to removal. Again, users will be notified well in advance to allow them to better plan and manage their XRP funds.

Young will continue to follow the debate closely and keep its users updated.

XRP recorded a 55% growth in the last 24 hours.

Read more about Ripple and XRP in our dedicated Academy article.

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The new Ranking is out now!

Discover the new Profile Section and the new Ranking on Young Platform Step: you can decide the duration, the number of partecipants and the prizes!

Many things have changed in these months and our movements are still restricted, but Step wants to take back a little bit of freedom.

So no more weekly rankings: now you choose the terms of the race!

Whereas the ranking has always been a great virtual gathering of walkers and runners, from now on small groups of friends or community users will form thanks to the new custom rankings.

How does it work?

With the new Rankings section ou have a new way to challenge your friends and the Community. Decide the duration, the number of participants and the prize up for grabs.

The prizes work like this: participation requires a contribution in YNG and the sum of each participant’s contributions will go to the winners.

Another new feature is that, once you’ve joined a ranking, you can invite your friends to compete with you.

What can I do to start?

  • Join the ranking of another Step user
  • Create a new ranking yourself

Read the complete guide for full details on how the Ranking section works.

What about the old rankings?

All old rankings (global and weekly) are deactivated and their winners will no longer receive prizes from today.

Other news

The Profile section has also changed.

You can now find an overview of all your progress related to steps and the Up&Down functionality.

Moreover, products purchased in the Marketplace have been removed from the Profile and placed in the Marketplace toolbar (icon at top right).