Buying Render (RNDR) is available now!

Render Network (RNDR) available on Young Platform

Starting today, you can buy a new cryptocurrency on Young Platform: learn about Render (RNDR)!

From now on, you can buy, sell, and store RNDR on Young Platform! Learn how this innovative project works and what the token is used for to decide if it’s right for you!

Render: everything you need to know

Render Network is a unique protocol in its field, as well as one of the fastest-growing blockchain platforms currently.

It is built on Ethereum and leverages blockchain technology to democratise access to the necessary resources, predominantly graphics cards (GPU), for content rendering.

RNDR serves both as a utility and a governance token: it is essential for accessing the platform’s decentralised rendering service as well as for participating in voting on the future of the protocol.

The project, created in 2017 by Jules Urbach, then CEO of OTOY, a company specialising in rendering and computer graphics, stems from an ambitious idea: to use blockchain technology to revolutionise graphic rendering.

Want to learn more? Dive deeper into Render Network on Academy!

How to use RNDR on Young Platform

Here are all the features available for Render (RNDR) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Deposit from another wallet or send through the Ethereum network
  • Creating a Single Currency or Custom Moneybox

Step 3.0: A New Journey Begins!

Step’s evolution into a crypto game continues: discover the new Hub and Journey, with new challenges and lessons

Last summer we introduced the first elements of Step 3.0: levels, profile and experience points.

Today the crypto game takes another important evolutionary step. In a nutshell, in the Home you will find a guided path to discover cryptos (and more). But let’s go step by step, and delve into all the new features.

The Journey

You will find an entirely new Home, which will guide you through the blockchain maze, showing you the way. 

You will be the protagonist of a futuristic journey, for which you only need two things: a great deal of curiosity… and downloading the Step update!

You will be teleported on a path that is first gentle and then gradually more challenging: you will start as a Newbie, then become Analyst and finally Master. 

During this adventure you will develop various skills and habits such as walking, analysing markets and acquiring new knowledge.

It doesn’t matter if you already know Web3 like the back of your hand, or if you’ve never heard of it, in the ‘Education’ challenges you will find both the basics and trivia and insights into crypto. All of this, in highly digestible pills.

Missions

On the way, you will meet a robot who will reveal a secret to you: if you take a little detour, you can accumulate extra XP and YNG. Just follow the signs for Missions.

You may have already used them, in fact they have been live for quite some time now, but we have not yet given them the recognition they deserve. On the other hand, the Step community has appreciated them very much and we are very happy about that.

For those unfamiliar with them, they are events lasting a few weeks, which allow you to win YNG if you complete all the required Quests. 

Try them, we’re sure you’ll enjoy them. It’s not over yet, continue below to find out how we rearranged Step.

Hub and navigation

We have not forgotten about seasonal cleaning and renovation: user experience is crucial and we always keep an eye on it. 

Thus the Step sections became three, making the app more essential, but at the same time richer.

  • The Home section is dedicated to the Journey, and there you will always find your personal achievements and profile.
  • Missing the old features? You can find them all in the Hub. Here you can redeem steps, make forecasts and complete Quests also outside the Journey, in the order you want.
  • On the right hand side you will find ‘Explore‘, where you can read and view lots of new content by endlessly scrolling. Read market news, watch in-depth videos, or brush up on theory.

That’s all for now. In the meantime, we are excited to hear what you think of these new features. For our part, we will never stop improving Step by following the advice of the community and will accept all kinds of comments. 

The real journey? Building Step together, so that it may stay the most effective and fun way to learn about cryptocurrencies! 

Multinetwork: transfer your cryptos conveniently

Send your cryptos via your preferred blockchain, to and from Young Platform with the Multinetwork

For some time now, many people in the community have been asking us to introduce the possibility of withdrawing and depositing crypto via different networks, such as Layer-2s. Here’s what it means and the perks of the Multinetwork feature!

What are networks?

During your journey in the crypto market, you might want to use a wallet or a DeFi application. 

To add cryptocurrencies to these wallets and use these apps, however, you will have to go through an exchange to convert euros into crypto.

Or, at some point, you might want to transfer the tokens you got from these applications to Young Platform, so you can convert them, or keep them to simplify your funds management.

To transfer crypto from Young Platform to other crypto applications and vice versa, you’ll go through the network of a blockchain.

And here is the heart of the matter: which blockchain to use?

Each cryptocurrency, in fact, is supported by different blockchains (and networks): BTC can mainly be transferred via the Bitcoin network, ETH via Ethereum and so on.

Over time, however, several increasingly fast and convenient blockchains have emerged, especially for transferring Ethereum’s native cryptocurrencies. Layer-2s such as Arbitrum, Optimism and Polygon have allowed ETH and all ERC-20 tokens to circulate in a scalable and efficient manner.

Therefore, in many crypto applications you will find the possibility of using different blockchain networks. Now you can do this on Young Platform too!

Which new networks are supported?

In this first round, the new networks only concern ETH, USDC and USDT, the most widely used cryptos in DeFi. New ones will be added in the future.

Here are the new networks supported for withdrawals and deposits:

ETH

  • Arbitrum
  • Optimism
  • BSC

USDT

  • Polygon
  • Tron
  • Arbitrum
  • Optimism
  • BSC

USDC

  • Polygon
  • Arbitrum
  • Optimism

The complete list of networks can be found on the Prices and Fees page, while guides on how to withdraw and deposit are available on our Support Portal.

Take advantage of the Multinetwork to transfer your cryptos in the fastest and cheapest way!

Warning: cryptocurrency transfers sent on the wrong network, or to the wrong wallet, or without a memo/tag may not be recoverable.

New feature: convert small balances into YNG

One of the community’s most requested features has arrived: the conversion of ‘Dust’ into YNG tokens! 

You know when, after a sale, you are left with a few cents of a cryptocurrency, which you will probably never buy again? 

Doesn’t it bother you, every time you scroll through your wallet and see a microscopic balance, those pennies you can never sell? 

It’s finally time to get rid of them!

From today, those forsaken cents find a utility: you can convert them into YNG tokens with the new Dust feature.

How does it work?

You can convert all cryptocurrencies available on the exchange into YNG. This means that a cryptocurrency is only compatible with the Dust function if you can buy and sell it normally. Consequently, cryptos listed only to support airdrops and delisted cryptos are excluded.

Converting Dust is very easy (and also quite satisfying):

  • Go to the Wallet section of the app or website
  • Click on the button ‘Turn small balances into YNG’.
  • Select the cryptocurrencies you want to convert
  • Click on ‘Convert’ to complete the procedure and receive YNG.

We know you can’t wait: tidy up your wallet and collect YNG!

Club Benefit: Get up to 78% discount on NordVPN plans

Only one person has the right to know what you do online: you. Discover NordVPN’s offer and the discount for your Club

Being tracked online is never pleasant, even if you have nothing to hide. Since we, too, are fans of online security and privacy, we thought NordVPN would be just the thing for Clubs.

What is NordVPN?

VPN (virtual private network) usually hides your IP address and allows you to surf in private mode, even on sites with geographical limitations.

NordVPN is a VPN that uses a network of servers worldwide: more than 5,000 servers in 60 countries. But it is also much more! 

All plans, in fact, include these services:

  • Web access without geographical limits: explore the Internet from anywhere in the world
  • Surf safely even when connected to public Wi-Fi;
  • Worry-free sharing of files and information, e.g. to work or play online with other people;
  • Protection from malware, online trackers and malicious advertising.

More advanced plans even include Nordpass and Nordlocker, the password manager and encrypted file storage service.

In short, NordVPN has thought of everything: now you can surf carefree and completely control your data.

It can be used from any device and is also very intuitive! It is not hard to see why it is one of the top VPNs. 

How does the benefit work?

NordVPN offers three packages: Ultimate, Plus, and Base. The official website already offers discounts for each.

On top of these, Young Platform Clubs add an additional cumulative discount, exclusively applicable to two-year plans.

Combining the two promotions results in the following:

  • Bronze: up to 74% total discount + 4 months free
  • Silver: up to 75% total discount + 3 months free
  • Gold and Platinum: up to 78% total discount + 3 months free

How to apply the discount?

First, join a Club or upgrade to the most advantageous one with the Young Platform app.

  1. Visit this page
  2. Click on the “Get NordVPN” button
  3. Select the two-year plan, and choose the package you prefer
  4. Clicking on the button “Get [package]” takes you directly to the payment page
  5. Here, enter your email address
  6. Click on “Got a coupon?” 
  7. Enter the discount code received by email
  8. Check that the code has been accepted
  9. Select a payment method (yes, even cryptocurrencies are accepted!)
  10. Conclude payment

If you have any problems, you can contact NordVPN customer service at [email protected]. If you are not satisfied with the service, you can request a refund within 30 days.

Young Platform Community: new Telegram and WhatsApp channels

Young Platform Telegram and WhatsApp: the new channels

Two new spaces dedicated to the Young Platform community have arrived. Here are the new Telegram and WhatsApp channels

In August 2022, Young Platform’s official Discord server was launched and from then on we started using the Telegram group as just a channel. Today, due to the large number of malicious actors who are trying to scam our users, we have decided to create a new member space within the messaging app.

Why a new Telegram channel?

The main reason that led us to make this decision is related to the increase in reports of attempted scams against our users. As of today, malicious actors can view phone numbers and then contact members in private.

Young Platform’s new Telegram channel solves this problem. It is to all intents and purposes a channel (and not a group where admins are the only ones who can post) and so the username and phone number of the members are hidden. This way, nobody can contact them and trick them through practices such as phone phishing or smishing.

We would like to point out that the Telegram group you have been using to read the news, announcements and analyses up to now will be DEFINITELY CLOSED in a few weeks. We therefore invite you to join the new one, so that you can follow all updates safely.

Join the official Young Platform Telegram channel!

Not only Telegram but also WhatsApp

The messaging app recently introduced Whatsapp Communities. These are larger and more articulated discussion groups than those normally used to communicate with friends or family. This new type of channel allows administrators to connect related groups in one virtual place.

Young Platform’s WhatsApp group will, for now, serve the same purpose as the Telegram channel. It will only be one more option for those who want to stay up-to-date and will not be able to send messages but only read them. One more way to learn about all the news concerning our ecosystem and the crypto world.

Join our Whatsapp community!

Interact with us and other users on Discord!

The main space dedicated to our community will remain the official Young Platform Discord server, which has recently been completely redesigned. We want to focus the discussion on Discord because we believe it is the perfect place to encourage participation and dialogue between us and our users. 

The messaging app, thanks to the almost infinite number of integrations it allows, is perfect for architecting gamification logics that make the user experience more fun. If you haven’t joined our server yet, we recommend you do so, it’s worth it!

Explore our Discord server

What is spoofing? The meaning of this scam and how to protect yourself

All you need to know about phone spoofing: what is it and how to protect yourself from the growing scams

Knowing the meaning of phone spoofing is nowadays increasingly important to avoid falling for the scams of malicious attackers, who are constantly ready to steal personal data and money via technological tools. 

Fraud, unfortunately, is now the order of the day, and phones make things much easier for those who try to carry out such frauds. Phone spoofing falls right into this domain, so it’s crucial to clearly understand not only what it means, but above all how to protect yourself from such schemes and how to avoid running into them.

The meaning of telephone spoofing: what it is and types

Literally, the meaning of spoofing is connected to that of deception, cheating. With this type of attack, attackers impersonate another entity by falsifying data in order to gain an illegitimate advantage. This manipulation is based on the ability to deceive systems and users who are led (wrongly) to believe that they are communicating with a trusted source.

It is a technique that is widely used in more general phishing attacks, the ultimate goal of which is to obtain personal information, such as passwords, credit card numbers or financial details. 

To really understand the meaning of spoofing, however, a distinction must be made between the different types of attacks possible. In some cases, victims may receive classic messages on their phones in which the identity of the sender is concealed in order to appear legitimate (SMS spoofing). However, there is not only message spoofing, but also voice spoofing. Malicious attackers can in fact also change phone numbers when making calls to users.

Changing the sender’s numbers and name, by the way, is not such a difficult practice. There are even providers who offer this type of service because, basically, it is not considered illegal. It is only so when it is used to defraud users. Take for instance all those companies that need to send large-scale service messages to their customers and need to hide the sender’s number. In this case, the practice appears perfectly legitimate, whereas the meaning of spoofing changes, taking on a negative connotation when the process is generated to carry out malicious actions and scams. 

Then there is also e-mail spoofing, which, as the name suggests, takes place by sending e-mails. Also not to be forgotten is IP spoofing, with which fraudsters conceal the identity of a server by making the IP address of a host seemingly legitimate, or even DNS server spoofing, in which the compromise of the DNS (Domain Name Service) server results in a redirection to a malicious site. ARP spoofing must also necessarily be taken into account in order to protect oneself: in this case, forged ARP (Address Resolution Protocol) messages are sent by fraudsters.

Regardless of the type of approach adopted, all the various forms of spoofing share a fundamental element: they use trust as leverage to obtain or alter sensitive data, commit financial fraud, circumvent network access control mechanisms, and spread malicious software through malicious links and attachments.

How to protect yourself?

Identifying spoofing attacks has become increasingly difficult today and this is because, as already mentioned, falsifying the identity of senders is anything but difficult. This means that everyone should adopt sound and careful security practices. 

First of all, you should only visit official and notoriously secure sites (with HTTPS protocol). Then you should think carefully about every communication you receive (on any kind of channel), even when the sender seems absolutely trustworthy. 

You should then avoid entering your personal data too confidently and lightly without first having investigated the sender who is requesting that action, and you should obviously carefully analyse all links and attachments contained in received communications. A simple click on them, in fact, could have important repercussions for you. 

The use of strong and robust passwords is also highly recommended. You should avoid using common names that can be linked to you, or easily identifiable dates of birth, and construct highly customised keys that are difficult to find.

Keeping your attention high, therefore, is crucial, but it is not the only thing you can do to protect yourself against spoofing. You could, for instance, decide to use a VPN to make fraud attempts more difficult (hackers would find it difficult to decipher the data of users who have encrypted their traffic). Or you could evaluate services such as blocking cookies, offered for instance by NordVPN’s Threat Protection. You could also use classic antivirus software, which is able to identify attack attempts, and firewalls that can detect addresses outside the local network. 

As already stated at the beginning of this article, knowing the meaning of spoofing is more important than ever, as is keeping alert to the countless fraud attempts to which we are unfortunately now exposed. 

Young Platform takes strong security measures to ensure its reliability and does not ask its users for access credentials and other security codes.

5 basic finance concepts you should know

Discover 5 basic finance concepts to better manage your savings 

When you hear the word ‘finance’, does your brain immediately reply ‘I’ll never understand it’? As a matter of fact, it is one of the most intimidating topics for people, perhaps because it is rich in concepts or because it is associated with large amounts of money and risks, or even because it is considered an elitist world for a few experts. Finance is nothing more than the management of funds and it also has an impact on your daily life, so to manage your money with awareness, it is important to know the basics. Here are 5 basic finance concepts you need to know. 

1. Time value of money

The first of these basic finance concepts is that a sum of money is worth more in the present than in the future. In other words, the value of money decreases over time due to inflation, which reduces purchasing power.  

This means that if you keep €1,000 for five years ‘idle’ under your mattress, its value will drop dramatically over time. And at the same time you will lose the possible gains that your 1,000€ would have yielded once invested. 

The concept of time value of money in fact shows that if money gradually loses value, the only way to make it grow is by investing and that waiting to do so means missing an opportunity.  

This principle is to be taken into account before embarking on any financial strategy. Pension fund managers, for example, consider the time value of money to ensure adequate funds for their clients at retirement.

The time value of money can be calculated using a formula that takes several variables into account: the present value of an amount of money, the time interval, interest and inflation rates.

Compared to fiat currency, there are assets that are less subject to the time value of money principle. These include safe haven assets such as gold and commodities because their scarcity increases their value over time, and for some this category also includes Bitcoin (read the research). 

2. Diversification

To explain the second of the basic concepts of finance, that of diversification, the image of the basket is often used: the rule is ‘never put all your eggs in one basket, if it falls they will all break’. The idea is not to buy a single asset with your savings to avoid losing everything if something goes wrong. Diversification serves to minimise risk and consists of spreading one’s investments across several assets. 

Diversification is also used by crypto users to create a balanced cryptocurrency wallet.

3. Risk/reward

Another of the basic concepts of finance is that of the ‘risk/return’ ratio. This relationship is directly proportional, i.e. the higher the risk, the higher the return and vice versa. In the world of finance, you often hear that ‘There ain’t no such thing as a free lunch’; this expression was popularised by the economist Milton Friedman among others. One cannot have lunch without paying, i.e. in order to have high profits, one must be willing to take risks.  

4. Interests 

Interest is a fundamental component of finance and represents the cost of borrowed money or the gain from a deposit. In a loan, interest represents the amount of money the lender charges the borrower for lending him/her the money. They are usually expressed as a percentage and are paid together with the repayment of the principal (i.e. the amount of money lent) at set intervals, e.g. monthly or annually.

In an investment, on the other hand, interest is the profit earned over a period of time. For example, if you deposit money in a bank account that offers an interest rate of 2% per annum, you will earn 2% on the money deposited each year.

When considering whether to take out a mortgage, looking at the interest rates is crucial. These can be influenced by the monetary policies of the European Central Bank, which decides on interest rates, which then fall on the commercial banks. 

5. Put your money at work 

Of all the basic concepts of finance, this refers to the idea of embarking on a strategy in order to grow one’s savings and thus achieve a return. 

In this way, the money ‘works’ for you, producing results. Obviously every investment has its risk component, the idea behind ‘putting your money at work’ is to try to get a higher return than you could get by simply keeping your money in a bank account or under your mattress.

In summary, ‘put your money at work’ is an invitation to consider investing as a way to grow your money and achieve your long-term financial goals. 

These were the 5 basic finance concepts worth knowing. Not as incomprehensible as you thought, right?

Club benefit: up to €450 free for WeRoad travels

August is coming and you still don’t know where to go on holiday? Discover WeRoad trips with Club Benefits!

Planning holidays at the last minute is never a good idea. Luckily, Young Platform can save your holiday with WeRoad trips!

What is WeRoad?

As well as being one of the most important Italian Tour Operators, also present in France, the UK, Germany and Spain, WeRoad is the largest community of travellers in Italy.

Forget the old agencies that print your tickets by fax, crumpled brochures or buses full of tourists: with WeRoad you book and manage your entire trip online!

On WeRoad you find trips for curious and adventurous spirits, who want to discover the world with new people and an experienced travel coordinator without having to worry about the organisational side.

How does the benefit work?

Thanks to the partnership with Young Platform, Club members can enjoy a unique advantage on WeRoad travels.

This is a coupon that can be used for 3 different trips, the value of which varies depending on the Club:

  • Bronze Club: €50 discount usable on 3 trips (total discount €150)
  • Silver Club: €70 discount usable on 3 trips (total discount €210)
  • Gold Club: €100 discount usable on 3 trips (total discount €300)
  • Platinum Club: €150 discount usable on 3 trips (total discount €450)

If you are already subscribed to a Club, you will automatically receive 1 unique coupon by email today.

If you are not in any Club today, but you sign up at any time in the future, you will receive your coupon by email immediately after the subscription.

How to use the coupon?

1) Read the email containing the coupon, it will tell you its expiry date. Then save it so you will be able to find it again for your next trip.

2) Visit the WeRoad website.

For the coupon to be accepted, use the site of the country you signed up with on Young Platform: 

  • If you indicated Italy as your country of residence when verifying your identity on Young Platform, use the coupon at weroad.it
  • If you indicated France as your country of residence when verifying your identity on Young Platform, use the coupon on weroad.fr
  • If you indicated any other country as your country of residence when verifying your identity on Young Platform, use the coupon at weroad.co.uk

3) Choose your WeRoad trip with the search bar or via the menu.

If you have found a destination, click on ‘Show departure calendar’, select the date that suits you, and click on ‘Book’.

Or if you are already on the page of a trip on a specific date, click on ‘Book your tour’.

4) When paying, enter the coupon in the ‘Promocode‘ box: check that the discount has been applied!

Please note that it is not possible to apply more than one code to the same WeRoad trip.

If the coupon does not work or you experience problems of any kind, please contact support at [email protected].

Travel with WeRoad and have an unforgettable adventure!

New levels available on Step: let the games resume!

20 new levels on Step mean more rewards you can reap and more fun. But there’s more

As anticipated during the announcement of Step 3.0, we have also planned something for the app’s most loyal players. Here are all the news and some clarifications on the updates.

The news

As of today, those who have reached level 50 can continue to earn experience points and go up another 20 levels!

So the total number of levels available on Step is 70.

To view the levels click on the blue hexagon at the top left of the homepage, then click on ‘Show levels’.

NB: For technical reasons, XPs accumulated after level 50 before today’s date were not counted, so that you may redeem rewards for the subsequent levels.

There is one extra piece of news: at the community’s request, we have added the new 1-hour Duration to Up&Down, with the corresponding reward of 25 XP.

Frequently asked questions about Step 3.0

We would like to take this opportunity to clarify a few points you have asked us about Step’s innovations.

1. The transfer of YNG

Currently, it is only possible to transfer YNG tokens to Young Platform if you have at least 45 YNGs, which at the time of writing corresponds to just €5. 

These numbers are not random: €5 is the minimum amount allowed for the sale of YNG. Consequently, facilitating the transfer of a lower amount, such as 30 YNG (€3) could mislead many people making their first transfer.

Indeed, consider that the transfer of YNG is not reversible: you cannot send them back to Step if you change your mind. 

Thus, transferring €3 in YNG to Young Platform for the first time would mean that you would not be able to convert them into Euro and thus not even be able to withdraw it to your bank account or card (the minimum withdrawal is €21.99).

However, some of you, including those who already have YNG on the exchange, have expressed the need to transfer even smaller amounts. Once again, we listened. This is why we will be testing the lowering of the minimum threshold in the coming weeks to see the extent of the negative and positive effects for users.

2. The rewards of previous levels

Some people, who arrived on Step 3.0 with levels higher than the first, asked us why they did not receive the rewards of the previous levels.

Virtually, these people have already received the rewards due them during Step 2.0, using all the features, and have also had the opportunity to collect far more YNG than what can be obtained through levels, as opposed to new users.

How did we give these Levels? We simulated the experience that each of the users accumulated by actually using the app, and assigned a level proportional to the tokens obtained. So it is as if Step always had some sort of system based on Levels and XP.

In this way we give newcomers to the community the opportunity to obtain YNG, but without penalising the price of the latter. Indeed, if excessively distributed, it risks inflation and thus devaluation.

Enough chit-chat! Time to play and level up on Step.