Tag: YNG News

The second quarter 2026 report on the YNG token. What happened, and what changes with the MiCAR licence?

What happened in the second quarter of 2026? How did the YNG token move in a period that was anything but easy for the market? How many tokens were issued, repurchased and distributed, and what changed with the MiCAR authorisation?

Young Platform’s second quarter of 2026

One date marks this quarter more than any other: 30 June. On that day Consob and Banca d’Italia authorised us to operate as a CASP, that is, as a crypto-asset service provider under the European MiCAR regulation. It arrived on the very last day available, when the transitional regime that had accompanied the sector until then expired. From that point on, in the European Union, only those who are fully compliant can operate.

And there is a change that concerns this very report. For several quarters, part of its content was reserved for Club members: a little extra depth for those closest to the project. From today that is no longer the case, and the reason is, once again, MiCAR: information that can affect the YNG token must be accessible to everyone at the same time and on the same conditions, with no privileged channels. So the report goes back to being what it once was, public and open to anyone, from the first figure to the last.

The market context we moved in, however, was anything but favourable. After a recovering April, the market slowed in May and fell back decisively in June, closing the quarter clearly down. Against this backdrop the YNG token showed, over the period, lower volatility than the sector’s leading assets: in the toughest month, June, it limited its losses to a fraction of those recorded by Bitcoin and Ethereum. This figure refers to a single quarter and to a limited number of comparison assets: it does not imply that YNG is, in general, a less risky investment, nor does it constitute a recommendation to buy, sell or hold the token.

The authorisation, though, is not a finish line: it is the ground our work will stand on from here on. And the weeks immediately after the close of the quarter have already shown it: we launched a campaign dedicated to those who bring their assets onto the platform, we introduced YNG Boost, our vesting service that rewards with additional tokens anyone who buys YNG and locks them on the platform for a period of their choosing, another route, alongside the Clubs, to give the token a concrete role, and, above all, we are bringing the YNG token onto a new international trading venue.

What will you find in this report? The lead role, as the title says, goes to the Young (YNG) token: how the price moved, how many tokens were issued and repurchased, how the circulating supply was distributed. But also everything that, around the token, accompanied its quarter: from the card cashback to the buyback programme, from the Clubs to the developments of the past few weeks. The complete data, with all the on-chain addresses and regulatory references, remain in the official informational communication, which we are publishing alongside this report.

Welcome to the Young (YNG) token report for the second quarter of 2026. Enjoy the read!

The MiCAR licence, and what really changes

Let’s start here, because it is the chapter that weighs most of all. The authorisation covers 8 of the 10 services set out in the regulation: from the exchange of crypto-assets to custody, from advice to portfolio management. In practice, almost everything we offer every day in the app is governed by a European regulatory framework.

What does it mean, in practice, for those who use Young Platform? The truth is that, in everyday use, little or nothing changes: the app is the same as ever. What changes is the picture around it, both for the market and, potentially, for the path ahead of us. The most immediate consequence is this: with the expiry of the transitional regime, operators without authorisation had to leave the European market. Those who remain are the ones that completed the process required by the authorities, a detail that is anything but secondary, in a sector where for years the word “rules” was more the exception than the norm.

Then there is an effect set to count above all in the months to come: thanks to the European passport, the licence obtained in Italy allows Young Platform to operate across the entire Union: no new authorisation is needed in each member state, only a notification to the competent Authority of the host country. To date the notification relating to France has been completed. 

The price of YNG and the state of the market

Let’s get to the price, usually the first item you go looking for. Over the quarter, the YNG token went from €0.4428 on 31 March to €0.574 on 30 June: +29.6%.

A number on its own, though, tells only half the story. The context in which that number matured was anything but simple. After a recovering April, with the total crypto market capitalisation up around 13%, May slowed and June braked hard: around -20% in a single month, down to about $2.02 trillion, the lowest level in almost two years. Bitcoin closed June at -21.6%, Ethereum at -23.9%.

In that difficult month YNG moved between €0.529 and €0.572, closing at -8.4%. A decline, certainly, but a more contained one than that recorded by the sector’s big names over the same period.

Account and card: the effect on the token

The Young payment account and debit card are not new to this quarter, we covered them at length at their debut. They had been introduced earlier, with a gradual rollout initially reserved for Club members; it was on 20 April that access opened to the entire user base. They come back into the report because it is in these months that they began to leave their mark on the token.

The first channel is cashback: every purchase with the card gives part of it back in YNG tokens, with a percentage that rises with the Club level, from 0.1% for Essential up to 3.60% for Platinum. The more the cards are used, the more YNG enter users’ wallets. This does not mean, however, that the tokens in circulation have exploded: as we will see further on, issuance has stayed under control. It is a principle we have always cared about, ever since we revised the way YNG is issued with the 2023 Step update.

The second channel is less visible, but for the token it counts a great deal. On every transaction with the card there is a small 0.15% fee that flows directly into the buyback programme: every payment with the Young card becomes, in a fraction of itself, fuel for repurchasing YNG on the market. It is the fourth source feeding the programme, alongside staking fees, those from the decentralised pools and those from Young Platform Step.

Buyback and liquidity additions

And since we have just mentioned it: what exactly is the buyback? We have talked about it in several reports, but it is worth restating; not least because, as we were saying a moment ago, the card has just become a new source feeding it.

It is the mechanism by which part of the ecosystem’s revenues comes back to the token. It works in monthly cycles, and it is easier to understand with an example.

Imagine that, in a given month, the ecosystem generates a certain sum earmarked for the programme. The following month those funds are put to work in two moves, in this order. 

• First, the liquidity of the YNG/USDC pool on Uniswap is strengthened: more liquidity means smoother trading and prices less prone to sharp swings. 
• Then, if anything is left over after that operation, the remainder is used to buy back YNG directly on the market. 
• And the repurchased tokens? They don’t disappear: they stay in the treasury and the following month become the first brick of the new liquidity injection. A cycle that feeds itself, month after month.

Two things we make a point of repeating in every report, because they head off misunderstandings. The first: the repurchased tokens are not burned, but stay in the treasury. The second: the buyback is not an operation to support the price. It promises no levels, it is not a commitment to intervene in the future. It is, much more simply, a transparent way to recirculate revenues within the ecosystem. The programme is run at Young Platform’s discretion and may be amended or discontinued at any time.

Here is what was actually done during the quarter:

• April 2026 (€2,591): repurchase of YNG on the market and rebalancing of the pool.
• May 2026 (€2,802): to which are added 695 USDC and 773 YNG of fees accrued from the pools, reinvested in the YNG/USDC pool.
• June 2026 (€4,368): the month’s revenues were used entirely to buy USDC, funding the liquidity addition of the 10,188 YNG left in the treasury from previous months.

The Club numbers

YNG is Young Platform’s utility token and gives access to the Clubs: the subscription plans that offer benefits on our crypto services and on a selection of brands designed for everyday life. As at the 22 July measurement there are 2,440 Club members, broken down as follows (in brackets, the change from the previous report):

• Bronze: 997 (-2.9%).
• Essential: 801 (+9.4%).
• Silver: 254 (-4.5%).
• Gold: 202 (+11.0%).
• Platinum: 186 (-1.1%).

Overall the number of members grew by 1.9%. The drivers are the Gold (+11%) and Essential (+9.4%) levels, while the others remain substantially stable.

The number of members is not an incidental figure: it is directly linked to the distribution of the token. The more people join a Club, the greater the quantity of YNG voluntarily locked on the platform, and therefore the smaller the circulating availability.

Distribution of the YNG token

At the end of March the circulating supply was around 27.66 million YNG; at the end of June, with the quarter’s issuance, it rises to around 27.73 million. A net increase of just over 67,000 tokens, equal to around 0.24%: issuance remains contained, as the model provides for.

These new tokens were distributed through several mechanisms:

• 30,153 YNG through Step;
• 33,839 YNG through the card cashback;
• 3,290 YNG through staking.

That cashback is already the largest item, just two months after the card opened to all users, shows how quickly this channel is taking hold. The maximum quantity of YNG nevertheless remains fixed at 100 million, with no mechanism that generates new ones beyond that threshold or destroys them.

On the liquidity front, YNG can be traded on two decentralised pools on Uniswap. At the close of the quarter they contained:

• YNG/USDC pool: around 1,376,889 YNG and 897,951 USDC;
• YNG/WETH pool: around 345,096 YNG and 117.4 WETH.

Compared with the end of March, the YNG share fell in both pools, while that of the paired asset (USDC and ETH) grew: the effect of the buyback programme’s rebalancing interventions, which strengthen market depth.

The quarter’s activities

The quarter closed on 30 June, but the pace did not slow: several initiatives started right at the turn between the end of the period and the weeks that followed. We gather them here.

The launch of YNG Boost

With YNG Boost (the Vesting Service) we have opened a new route for those who want to back the token over time. How it works is straightforward: you buy YNG at market price, you agree to lock them on the platform for a period of your choosing (12, 24 or 36 months) and, in exchange, you receive an additional quantity of tokens. It is not a yield or an interest payment: it is a quantity of YNG that we disburse from our treasury, in our capacity as issuer, to support those who choose to stay and look to the long term. 

The Boost grows with the amount and the length of the lock-up, and for Club members (Silver, Gold, Platinum) an uplift applies: it goes up to 34.5% in additional tokens. 

Two clarifications we want to make: the Boost applies only to new purchases, selling and rebuying the YNG you already hold does not entitle you to the bonus, a rule designed precisely to protect the token’s market; and the percentages indicate quantities of tokens, not a yield: their value in euros can vary over time with market volatility. All the details are in the dedicated article as well as in the Pre-contractual Information for the Vesting Service.

Deposit campaign (MYCA) and the BNB listing

From 1 July to 2 August, Move Your Crypto Assets (MYCA) is running, the promo designed for those who want to move their crypto to Young Platform. It comes straight out of the MiCAR licence: now that the sector has clear rules and boundaries, bringing your funds back to an Italian platform, headquartered in Turin and fully regulated, is a choice in favour of transparency. 

The mechanism is simple: a deposit of at least €1,000 is enough (in crypto, in euros or in a combination of the two) and the more you deposit, the higher the level you reach. The promo is split into three Tiers (from €1,000, from €10,000, from €50,000 upwards) and unlocks benefits on five fronts: a Bonus Wallet, the free Tax Report, an enhanced YNG cashback of up to 3.6%, dedicated conditions on the card and the account and, for the highest amounts, a personal Account Manager. 

All the conditions are set out in the rules published on the website. Along the same lines, another development: since 16 July we have added BNB to the crypto available in the app. It is one of the most traded assets in the world, and the decision to list it now answers a precise need: to offer those who hold it a regulated and compliant place, in Italy, where they can carry on operating while the European regulatory framework redraws where and how certain assets can be offered. 

The WhiteBIT listing

From 28 July, YNG will also be tradable on WhiteBIT, on the YNG/USDC pair. It is the token’s first listing on a third-party centralised exchange: until today YNG was accessible only on Young Platform and, since July 2025, on the decentralised protocol Uniswap as well. And WhiteBIT is not just any venue: it is a European platform that states it operates with a MiCAR licence in Austria and VASP authorisations in ten EU countries, over 8 million registered users and a daily trading volume of between $1 and $2.5 billion, the leading European exchange by web traffic, with around 32 million visits a month.

For the token, entering a venue of this size means three concrete things: more geographic visibility (WhiteBIT has strong roots in Eastern Europe, an area where Young Platform is still little present), an international proving ground in front of a community with different habits from ours, and one more point of access, alongside Young Platform and Uniswap. 

The listing fits into a year that has changed the scale we operate on, the MiCAR licence and the €22.5 million capital increase led by Gruppo Azimut, and it will not be the last stop: the search for new trading venues for YNG will continue through 2026. One clarification, as always: a listing is a matter of infrastructure, not a promise about the price, and it affects neither the tokenomics nor the holders’ rights defined by the White Paper. We covered it all in detail in a dedicated article.

The DeFi Wallet

Among the developments we are working on, the DeFi Wallet is the one we look forward to most, because it changes what can be done on Young Platform. Until today, to put your crypto to work in decentralised finance you had to leave the app: open an external wallet, learn to manage it, move between several different tools and hope not to get a step wrong. With the DeFi Wallet all of this happens in a single place (inside the app you already use) and in a couple of taps.

It is a wallet whose control is entirely yours: the keys stay with you, we provide the interface to use them without complications. From there you will be able to put your crypto-assets to work on the sector’s most established lending protocols, on which much of DeFi is based, without having to become an expert in anything. And we are not flinging open a door onto the whole blockchain: access is limited to a selection of protocols we have vetted and judged solid. It is our way of bringing you the freedom of decentralised finance without the wild west that too often comes with it.

It will arrive the way all our things arrive: a bit at a time, first to groups of users and then to everyone. We are not giving a precise date (for the reason we explain below), but there is one thing we will say straight away, because it is right to know it: since it is a wallet you manage on your own, the DeFi Wallet falls outside the MiCAR scope and the regulation’s protections do not apply to what you do with your keys.

Conclusions

Those who have followed us for a while were used to a section on “what’s next” at the end of the report: a taste of what was cooking. From this quarter that section is gone, and it is worth explaining why.

With the MiCA authorisation, the YNG token and its issuer are subject to the regulation’s market abuse rules, including those relating to inside information. Information is “inside information” when it is precise, not yet public and, if disclosed, would be likely to have a significant effect on the price of the token. Previewing developments of this kind would mean giving readers an informational advantage over the market: exactly what these rules exist to prevent.

That is why the flow has changed. When information that can affect the price of YNG becomes communicable, the first step is no longer a post or a teaser: it is publication in the dedicated section of the website, where we collect the informational communications and, where the relevant conditions are met, the inside information relating to the token. That way everyone reads it at the same time, on the same terms. Our team, for its part, operates under the supervision of the authorities and with internal controls designed precisely to prevent anyone holding such information from taking advantage of it.

The upshot is that previews, as you knew them, will no longer be there. We realise it takes some of the flavour out of the wait. But it is, first of all, a protection for you: the guarantee that nobody, ourselves included, plays with information the market does not have yet.

This article is an overview, designed to give you the picture without drowning you in figures. If instead you want the complete data, with all the on-chain addresses and regulatory references, you will find them in the official informational communication, which we are publishing alongside this report.

This content is a marketing communication. The YNG token prices reported in this article are expressed in euros, the currency of the YNG/EUR market on Young Platform, where most trading is concentrated. Market data relating to Bitcoin, Ethereum and the overall capitalisation of the sector are expressed in dollars, in line with the convention of market sources. On-chain data is publicly verifiable via block explorer.

Past performance does not constitute a guarantee of future results, nor financial advice. The buyback programme is run at the discretion of Young Platform S.p.A., does not constitute a price support operation and does not guarantee any return. Access to decentralised protocols through the DeFi Wallet is a service outside the MiCAR scope and does not benefit from the protections provided for by Regulation (EU) 2023/1114. A White Paper compliant with Regulation (EU) 2023/1114 has been published for the YNG token, available on youngplatform.com: in the event of any discrepancy between this article and the White Paper, the White Paper prevails.

What happened in the first quarter of 2026? What lies ahead in the coming months? How many YNG tokens were issued, bought and sold — and what are the next steps?

2026 began with the same spirit that closed the previous year: the drive to turn promises into action. If 2025 was the year we redefined our horizon, this first quarter saw that horizon become concrete. The standout event of these months was undoubtedly the rollout of the payment account and debit card.

Despite the milestones achieved, the context in which we have operated has been anything but simple. Early-year expectations pointed to a decisive recovery, but we have had to contend with a global market held back by a tense international climate. In this uncertain scenario, our ecosystem has demonstrated lower volatility compared to the main market assets in the reference period: the YNG token has withstood the impact with a stability that confirms how its value is now anchored to solid foundations and to the utility real within the app.

The payment account and the debit card represent only the first version of a much larger project. This foundation is the starting point for building the super app we have in mind, a vision that will take concrete shape in the coming months. In the meantime, we are working to expand the ecosystem through targeted marketing activities: capturing an ever-growing share of customers is vital for the token and for the ecosystem which, in our view, still presents wide margins for development and organic growth relative to the expressed value.

The climate for the coming months is one of great momentum. The MiCA authorisation deadline is approaching and our dossier is under review by the authorities, while prize competitions and engagement mechanics continue to evolve. We are also working on a new feature, previewed exclusively to Club members during the Winter Summit 2026, which adds a further element to our offering. Welcome to the report on the Young (YNG) token for the first quarter of 2026. Happy reading!

Price Analysis: YNG’s Resilience

To frame YNG’s performance this quarter, look at the market’s ‘king’: Bitcoin lost around 15% year-to-date, with a drawdown exceeding 30% at its worst point in February. Against this backdrop, YNG moved in the opposite direction, limiting losses to 5%. Despite being roughly halfway from the October 2025 all-time high, volatility was well below the sector average.

Key technical levels:

• Resistance: the barrier to break sits at €0.49, the peak reached after the Uniswap listing.
• Support: the €0.41 zone proved a solid floor, holding throughout the quarter.

How long this consolidation phase lasts will depend largely on easing international tensions. A de-escalation could restore confidence in risk assets and Bitcoin, reigniting retail investor enthusiasm that has been absent for some time. We will not simply wait. We continue working to be ready when the wind changes. Details on new listing plans and our expansion strategy are reserved for Club members.

Payment Account and Young Card

The launch of the Young payment account and debit card is the first concrete step toward the super app we want to build — a financial ecosystem that brings together everything a user needs, from daily cash management to the crypto world, all under one roof.

At the heart of this vision is a simple idea: there is no app today that addresses two deep needs of the Italian saver. The first is the safe custody of personal finances, with immediate access to the sector’s most advanced tools. The second is financial education — ongoing guidance that asks the right questions about spending habits and encourages saving and investing in a conscious, safe way. This direction was central to the workshop presented at the Starting Finance Investment Meeting, where the team shared Young Platform’s vision as an active financial education tool.

The technical core of this first version is the Italian IBAN assigned to every user. The strategic advantage lies in the integration with the exchange: transferring funds between the account and the crypto wallet is instant and commission-free.

The physical debit card introduces a new dimension for the YNG token. Every purchase generates a YNG cashback, transforming the token from a simple digital asset into a strategic resource that can be accumulated every day. The tokens earned are not just a reward — they are the key to levelling up in the Clubs.

To accelerate adoption, we activated a dedicated promotion: the first 1,000 users who sign up in April will receive a 3% cashback for 90 days, regardless of their Club tier.

From Layer 0 to Future Evolutions

What we released is what we call the “Layer 0“: a solid foundation to build on. The roadmap is already defined:

• Integration of the digital card with Apple Pay and Google Pay
• Analytics tools for conscious spending monitoring
• A dedicated Save section for savings

The goal is not marketing for its own sake, but building a financial model that genuinely simplifies users’ lives by bringing accounts and exchanges together. Each new feature will be another step toward an app that does not yet exist in the market.

Tax Services: Zero Stress, Full Clarity

It’s that time of year nobody particularly enjoys, but which must be tackled with the right tools: the tax return. Italian crypto tax regulation has become a maze, which is why for three years we have been turning what was a simple Excel file into a complete ecosystem of tax solutions. Our tools are ready to cover every need for the 2025 tax year.

Young Platform Tax Report

For users of our exchange only:

• Standard user: from €19.99 (under 50 transactions) to €49.99 (over 500 transactions)
• Club Essential: from €15.99 to €39.99
• Club Silver: from €13.99 to €34.99
• Club Gold: from €11.99 to €29.99
• Club Platinum: from €3.99 to €9.99

Young-Okipo Tax Report

For users active on DeFi, NFTs and other exchanges:

• Standard user: €79
• Club Essential: €69
• Club Silver: €59
• Club Gold: €49
• Club Platinum: €44

The New Rules: 26% or 33%?

The 2026 Budget Law introduced a key distinction:

• 33% rate: for exchanging crypto for euros, dollars or dollar-pegged stablecoins (USDT, USDC).
• 26% rate: for euro-pegged stablecoins (such as EURC).

Crypto-to-crypto swaps (e.g. BTC to ETH) remain tax-neutral. However, with the abolition of the €2,000 allowance, every euro of capital gain must now be declared.

Using YNG tokens to activate a Club not only brings cashback on the card — it also cuts the real costs of tax management. Proof that the token is not just an asset to watch on a chart, but a tool that saves real money every time you deal with bureaucracy.

Real-World Presence

As previewed in the Q4 2025 report, 2026 was set to mark a decisive shift in our physical presence. We delivered on that commitment, building a plan for ongoing community engagement through direct interaction and institutional participation. What you are reading is only the first chapter in a series of events we will continue to promote.

Young Platform Winter Summit: The Way to the Top

On 8 March 2026, the Platinum Experience launched with the “The Way to the Top” summit at Skyway Monte Bianco. The event, reserved for partners and the most committed Club members, took place at 3,466 metres above sea level — an exceptional setting to preview the YNG ecosystem roadmap in an authentic networking environment.

The energy and feedback from participants confirm that direct closeness between the team and the community is essential for building something that lasts.

Starting Finance Investment Meeting

Young Platform participated as Gold Sponsor at the Starting Finance Investment Meeting 2026 in Rome, one of Italy’s leading events dedicated to financial education and markets. Two key moments:

• The team presented Young Platform’s development strategy toward the super app model and the vision for active financial education.
• A workshop explored the cognitive biases that influence investment decisions, focusing on practical tools to recognise and reduce their impact.

The success of the 5% cashback promotion at our stand demonstrated strong interest in the new integrated features. These events are the starting point of a journey to make Club membership a tangible advantage.

Arcade: Tap to Play

On 10 March, the Young Platform contest trilogy concluded with the end of The Reveal. After the success of The Box and The Unbox, this final phase marked the community’s engagement peak, with iconic prizes such as Rolex watches and KTM motorcycles.

With the trilogy complete, we launched Arcade: the new permanent gamification hub. Arcade is not just a prize draw — it’s a section of the app designed to turn every saving and investment choice into concrete rewards. The philosophy remains to incentivise virtuous financial behaviour through fun and consistent participation.

The key innovation is the Tap to Play mechanic:

• Daily interaction: users are encouraged to open the app and engage with the ecosystem, keeping attention on their assets and the platform’s latest features.
• Democratised rewards: following the tier system already tested successfully, Arcade lets anyone be competitive — what matters is consistency, not just financial capacity.
• Future vision: Arcade is the tool we are using to dismantle the boredom of traditional finance, one tap at a time.

With Arcade and Tap to Play, managing your financial health stops being a passive obligation and becomes an active, rewarding experience.

Exclusive Content for Club Members

As always, the most strategic analyses and sensitive data are reserved for Club members. In the Club-exclusive version of this report you will find:

• Updates on the Young Platform payment account and debit card
• Exclusive Club data: updated membership figures and analysis of the impact of member purchases on token performance
• Future roadmap: strategies and plans for upcoming listings on other centralised exchanges

Your support as Club members remains our most valuable resource.

Promotional content: the information contained in this report is for purely informational and educational purposes. Data regarding distribution, treasury reserves, and liquidity reflect the situation recorded in the first quarter of 2026 and do not constitute a guarantee of future price stability or the value of the YNG token. Access to DeFi protocols via third parties involves risks inherent to smart contracts and the volatility of crypto-assets. Buybacks and liquidity activities are carried out at the Company’s discretion and do not obligate the latter to any future market support interventions. We recommend consulting the Terms and Conditions and acting with awareness (DYOR). Young Platform does not provide financial advice.

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In February 2026, the first YNG buyback begins. Discover how we intend to anchor the value of the token to the growth of the ecosystem.

In February 2026, we officially activate the economic model of YNG. The fundamental step of this phase is the launch of the first official buyback, an operation designed to directly link the commercial growth of the platform to the health of the token. This milestone marks the evolution of Young Platform toward its current mission: building a solid infrastructure that unites traditional and decentralized finance. 

However, to understand the scope of this change, it is necessary to dismantle one of the most persistent myths in the sector: the idea that the most effective way to grow an asset is “burning” and the digital scarcity connected to it. Discover everything about the YNG buyback and its economic model, and delve into the details of the reasons that led us to prefer this setup.

Beyond the burn myth: YNG as a capital asset

To design a truly sustainable tokenomics, we must first stop looking at digital assets only through the lens of “currencies.” In the crypto sector, the almost obsessive tendency toward burning stems from the fact that tokens are mistakenly treated as if they were currencies (like the dollar or the euro). In that case, the only way to counteract inflation and devaluation caused by the uncontrolled issuance of money by central banks is, theoretically, to forcibly reduce its supply, even if this never actually happens. But YNG is not a currency or a coin; it is an utility token. 

Conceptually, YNG belongs to the category of capital: it is more similar to equity than to currency. Its fundamental value does not derive from a bureaucratically imposed scarcity, but rather from the ability to reintroduce the wealth generated by Young Platform’s real services—such as staking, the debit card, and banking activities—back into the system. 

From this perspective, destroying tokens would be a technical contradiction: it would be as if a startup decided to burn its own shares instead of using them to attract liquidity, finance growth, or reward those who support the project. While the burn model limits itself to reducing supply in a vacuum, our system uses repurchases to actively fuel the market.

The value flows fueling the system

The monthly budget allocated to this operation does not arise from speculative assumptions, but from real and measurable revenue flows generated by the entire ecosystem. The revenue sources fueling this engine are: 

• Staking Fees: the fees paid for the feature that allows users to receive rewards on the cryptos they hold on our platform. 
• DEX pool fees: the fees generated by our liquidity pools (such as YNG/WETH and YNG/USDC on Uniswap). 
• Card transaction fees: the 0.15% generated by every single expenditure made with the Young Platform debit card. 
• Step Contribution: 50% of the value of the YNG issued by the Step app (up to a maximum of €5,000 monthly).

How the model works: alternation between buyback and liquidity

The mechanism aims to maintain the balance of the ecosystem through a strategic alternation between repurchase and pool rebalancing, following a bimonthly logic. Let’s look at a practical example describing how the model will act over the next two months. 

1. February – buyback focus: the first month is dedicated to the repurchase of YNG directly from the market using the euros derived from the features listed above. This buying pressure directly reflects the commercial growth of the platform and accumulates tokens in the treasury. 
2. March – focus on liquidity: since the buyback could unbalance the reserves, next month the primary activity will be the injection of new liquidity into the decentralized pools. This increases market depth, making YNG exchangeable with greater ease and reducing volatility. 
3. Rollover: the repurchased YNG are not burned but return to the Treasury to fuel subsequent cycles. If there is a remaining Euro budget, this enhances the buyback; if there are remaining tokens, these enhance the liquidity of the following month.

Conclusions: building instead of burning

At Young Platform, we have chosen a different path from many crypto projects, one more oriented toward real capitalization. While burning simply reduces supply (often without a real impact), our model uses repurchases to ensure that the ecosystem is always liquid and solid. We are excited to start this engine in February. 

However, we will maintain a dynamic approach: we reserve the right to calibrate this mechanism based on the real evolution of the market and the depth of the pools. We will always act with the necessary prudence to ensure long-term sustainability. The future of YNG is not being “burned,” but built day after day, transaction after transaction.

Information regarding the YNG Token is for informational purposes only. The Token does not represent a financial instrument. The purchase and use of the YNG Token involve risks and must be carefully evaluated. This does not constitute a solicitation for investment, nor a public offering under Italian Legislative Decree no. 58/1998.

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What happened? What are the next steps?

The YNG token report for Q4 2025. What happened in a 2025 full of news? What are the next steps to take? What happened in the last quarter? What were all the goals achieved in 2025? What awaits us in 2026, a decisive year for our future? How many YNG tokens were issued, bought, and sold, and what are the next steps to take?

Young Platform’s 2026

2025 was not just the year of the breakthrough we promised: it was the year in which we redefined our horizon. Twelve months ago, our roadmap was an ambitious outline; today, it has become the backbone of an ecosystem unparalleled in Italy. We did not limit ourselves to following a pre-established path; we chose to evolve at the pace the market requires. 

As Peter Thiel teaches in the famous Zero to One, true progress does not lie in copying what exists, but in going from zero to one, creating something entirely new. Aiming high allowed us, despite missing a few intermediate targets, to reach an unimaginable position compared to the start. 

The most radical evolution concerns the payment account and the debit card. Officially released in November for the Platinum Club and contest winners, the rollout will begin for the other Clubs in the second week of February.

What will you find in this Report? As the title suggests, the protagonist is the Young token (YNG). After years of construction, 2025 marked its consecration. The listing on Uniswap sparked the most explosive expansion phase in its history. 

And then? Much more: from the contests that accompanied us to the launch of the card, to the birth of a new Club, today the privileged gateway to our ecosystem. Finally, an institutional milestone: the official filing of the MiCA license application. You will find the details of this journey and the next strategic steps in the Q4 2025 Quarterly Report. As always, the most exclusive content is reserved for Club members.

Account and card: here we go!

The first chapter of this report should be dedicated to the functionality that consumed nearly all of our energy in 2025. If you follow us on Discord, you know the path was anything but downhill: between supplier delays, legal complexities, and notably frustrating technical bugs—such as entire batches of cards with non-functioning contactless—the road was uphill. 

We are currently opening access to the other Clubs gradually and expect to make the functionality public to everyone between mid and late February. Why not immediately? A progressive release allows us to identify bugs in a controlled manner without overloading the infrastructure, ensuring the stability ofthe other sections of the app.

We already know what you are asking yourselves: “When are Apple and Google Pay arriving?” or “How will we distinguish ourselves from competitors?” At the moment, the product is in what we define as Layer 0 (the basic version), but we already have a defined roadmap for future integrations. Some of these answers and technical previews are reserved for the Club version of this report. If you are not yet a part of it, the ideal starting point is the new Club Essential. 

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MiCA: formal filing deposited

2025 concludes with the achievement of a fundamental regulatory objective, confirming our position as a leader in the regulated market. We are proud to announce that, following extensive preparatory work across all areas of the company, we formally filed the MiCA license on December 5, 2025, and are currently awaiting responses from the competent Supervisory Authorities. This passage marks the natural closure of a path begun months ago. It reaffirms our commitment to operate within the most advanced regulatory framework in Europe, with transparency and investor protection as top priorities. 

It is important to note that, under the transitional regime provided by Italian legislation, our operations continue withoutinterruption and in full compliance. For you, this means you can continue to use every platform service with maximum peace of mind, without taking any action, and with the assurance that your assets are managed in accordance with the highest security standards. We will keep you constantly updated on the outcome of the procedure, proud to have honoured our commitments to our community, and ready to inaugurate 2026 under the sign of full European compliance.

In parallel with the MiCA path, work continues on the functionality dedicated to Futures, which is closely linked to it. Technical development is complete, and the service, along with other platform features, has been fully documented in the MiCA dossier submitted to the authorities. We are therefore awaiting the relevant response to define the final operational framework. Committed to our principle of maximum user protection, we are managing this passage with due caution to launch the service only when every aspect of compliance is fully aligned with the required standards.

Club Essential: The gateway to the ecosystem

The launch of this new level in Q3 2025 is driven by an objective observation: the success of the YNG token. The year-over-year price appreciation is a positive signal for the health of the ecosystem, but it has made entry into OGs Clubs much more expensive. Despite our dynamic rebalancing mechanism, the Bronze Club threshold at times approached €1,000, creating an obstacle for new users. 

The Club Essential is our answer: an entry threshold of 130 YNG that allows anyone to start getting serious without having to wait to reach higher levels. 

Essential advantages:

• Trading: 5% discount on commissions.
• Staking: +1% additional APY.
• Cashback: 0.10% on card purchases.
• Operations: 2 activatable Smart Trades.
• Information: access to market reports and the full quarterly report

Consider Essential as a starting point, not a destination. It is the perfect way to test the advantages of the Young Platform world with a limited commitment. Once the benefits have been tested in your daily operations, the transition to the “OG” Clubs (Bronze, Silver, Gold, and Platinum) will be the natural next step for those seeking exponentially higher bonuses, discounts, and cashback.

For all other levels, the 130 YNG required are not a cost; they are simply locked on the platform and remain your property. 

Strategic events and the future of Young Group

If we had to choose a keyword to describe a part of Young Platform’s 2026 vision, it would undoubtedly be “presence in the real world.” In the past, we organised live initiatives sporadically, but this year we decided to change our approach by moving to a structured, recurring plan. We are deeply aware that everything we have built is owed to our community, and we feel compelled to give back something tangible, cementing a relationship that, too often in the crypto world, remains confined behind a screen. 

Our strategy is articulated in two main directions that aim for maximum inclusivity and, at the same time, the valorisation of our most loyal supporters. On one hand, we are organising informal meet-ups open to all, designed to meet, discuss the market and get to know each other without filters. On the other hand, we are designing a series of exclusive events for Club members and selected investors. 

We want Club membership to be a tangible advantage that lets you break the fourth wall and be directly involved in our daily work. Putting our faces in it is not just a statement but an act of responsibility: each of us, from management to the technical team, wants to meet with you to show you the commitment and passionwe put into building the Young ecosystem. Furthermore, making the Clubs increasingly attractive through human contact is our priority, as we believe trust is built by looking into each other’s eyes and sharing a vision of a more accessible and transparent financial future. 

I concorsi: “The Reveal”

The saga of Young Platform’s contests was one of the main engines of our 2025, transforming into a real narrative journey that involved the community well beyond the simple reward aspect. Everything started with The Box, the chapter dedicated to addressing financial prejudices, followed by The Unbox. This crucial stage served as a strategic bridge to the launch of the account andcard. The success of the latter was extraordinary: thanks to the Boost Holder mechanism, which rewarded holding YNG with bonus gems, platform activity recorded participation peaks comparable to the market’s moments of maximum euphoria. This commitment translated into a performance of economic significance, with a total trading volume of 19.7 million euros, representing an 8,000% increase from Q3 2024.

On December 9, 2025, we inaugurated the last and most ambitious episode of this trilogy: The Reveal. If the previous chapters prepared the ground, this new phase represents the “Revelation” of reality beyond appearances, with the richest prize pool in our history. For this contest, which ends on March 10, 2026, we decided to refine the game mechanics based on experience. The structure is divided into two parallel competitions: the Championship, based on a general ranking that rewards consistency with iconic prizes such as a Rolex Submariner or a KTM 125 Duke motorcycle, and the Tournaments, six bi-weekly mini-challenges that allow a much wider range of participants to win rewards through random draws.

The real innovation of The Reveal lies in democratising the system. Analysing the Unbox data, we found that those with greater economic availability held a disproportionate number of tickets. To resolve this imbalance, we introduced a Tier system for the unlocking of the lucky tickets: now, the more gems accumulate, the more “expensive” it becomes to obtain new ones. This mechanism in bands also allows those with fewer gems to compete, making even a single mission sufficient to participate in prize extraction. In this way, The Reveal is not just a contest but the culmination of a path of transparency that remains very high toward the ecosystem and the token YNG, which continues to benefit from demand generated by the missions and the advantages reserved for holders.

Young Platform Pro

Parallel to the expansion of our banking services, we have continued to refine the operational core for market professionals. Young Platform Pro has undergone a profound transformation. We adopted the analogy of surgical instrumentation: just as a surgeon needs highly precise instruments to operate safely, an expert trader requires a platform that guarantees instantaneous reactivity, granular control, and absolute operational continuity. 

The interface has been optimised in line with international standards for accessibility and visual comfort, reducing fatigue during night sessions and maximising information density on modern monitors. The real revolution, however, lies in the total customisation of the work environment: thanks to a modular tab system, each user can now build their own ideal setup, with layouts and TradingView graphic analyses automatically synchronising in the cloud. This flexibility is now complete thanks to the integration of the new mobile-responsive version, which makes the full power of Young Platform Pro accessible directly in the smartphone browser. This means being able to switch from desktop to mobile without any discontinuity, with indicators, trendlines, and graphic studies saved on our servers. 

We have also radically enhanced the order panel to deliver unprecedented execution speed, introducing percentage selectors for rapid capital allocation and total flexibility in calculating amounts, now settable in the base currency of the pair. Under the hood, the integration of API v4 has reduced latency and improved stability, enabling today’s systems to meet the needs of those automating their strategies or requiring real-time data flows. In summary, Young Platform Pro is now a mature, high-performance trading environment designed for those who take the market seriously and professionally. 

As always, we have chosen to reserve the most strategic analyses and the most sensitive data solely for our Club members. They are the true protagonists of our ecosystem and deserve unprecedented transparency into the decisions that shape its future.

For this reason, in the report version reserved for Club members, you will find:

• News about the Young Platform payment account and debit card;
• Exclusive Club data: updated member numbers and an analysis of the impact of their purchases on token performance;
• A look at the future roadmap: our strategies and plans for upcoming listings on other centralised exchanges.

These strategic insights are exclusive to those who serve as protagonists in the Young Platform ecosystem and want to deeply understand the levers that will drive future growth. Your support as a Club member is and remains our greatest resource. We appreciate your trust and invite you to continue following us in this exciting chapter of our journey.

Information regarding the YNG Token is for informational purposes only. The Token does not represent a financial instrument. The purchase and use of the YNG Token involve risks and must be carefully evaluated. This does not constitute a solicitation for investment, nor a public offering under Italian Legislative Decree no. 58/1998.

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Club Essential is now available! This new 120 YNG tier is our solution: here’s why we created it and what it means for you.

If you’ve been following Young Platform for a while, you’ll have noticed that the YNG token has appreciated significantly throughout 2025, making entry into our Clubs more expensive as a result. It’s an excellent signal for the ecosystem, but it’s also a challenge.

Earlier this year, we introduced dynamic rebalancing (a mechanism that updates Club costs every month) precisely to prevent benefits from becoming completely inaccessible.

However, despite this balancing mechanism, the strong and constant interest in YNG has led to a significant increase in the Euro value required to access the Clubs since the beginning of the year.

This is fantastic news for the ecosystem’s health, but it also highlights a challenge. With the amount of YNG required to lock for Club Bronze occasionally exceeding €1,000, we realised we were missing an accessible entry point for everyone. That’s why, as of today, Club Essential is officially live.

What is Club Essential?

It’s the new gateway to our ecosystem. It’s the essential package for anyone wanting to start benefiting from the Young Platform universe with a smaller commitment.

The cost? Only 120 YNG.

This new tier is our answer for those asking for a way to get serious without having to wait until they reach the Club Bronze threshold.

The Essential benefits

What do you get by locking 120 YNG? A set of fundamental benefits designed for daily platform use:

• 5% discount on trading fees.
• +1% additional APY on staking.
• 2 Smart Trades available.
• The monthly Market Report.
• The full version of the Quarterly Report on Young (YNG).

As for benefits in collaboration with our brand partners, they are currently in development; we are working to define specific partnerships dedicated to this new entry-level.

A sarting point, not the destination

Think of Club Essential as your first step into our world. It’s the perfect way to “test drive” the benefits with minimal commitment and understand how it works.

New features released in the future will follow the same logic: benefits will always be scaled according to the Club level. Essential guarantees basic access, but higher Clubs will always offer greater benefits.

Once you’ve tested the benefits, the natural next step will be to continue your journey and upgrade to the “OG” Clubs (Bronze, Silver, Gold, and Platinum). These tiers remain, of course, much more attractive to serious users, offering exponentially higher discounts, APY bonuses, and cashback.

How does the entry cost work?

Wondering if the 120 YNG cost will change? Yes. Remember that the YNG cost for all Clubs (including Essential) is updated on the first Tuesday of every month. Through the dynamic rebalancing mechanism, we aim to keep the Euro value of the subscription as stable as possible. If the YNG price goes up, you’ll need fewer YNG to join; if it goes down, you’ll need more. A reminder: just like with all Clubs, the 120 YNG are not spent but simply locked on the platform.

Are you ready to turn your YNG into tangible benefits?

Information regarding the YNG Token is for informational purposes only. The Token does not represent a financial instrument. The purchase and use of the YNG Token involve risks and must be carefully evaluated. This does not constitute a solicitation for investment, nor a public offering under Italian Legislative Decree no. 58/1998.

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Discover the new YNG/ETH pool on Uniswap: more liquidity, better trades, and tax flexibility for traders. One of the pillars of the Young (YNG) economic model

At Young Platform, our mission has always been to build a robust, transparent, and accessible financial ecosystem. Our YNG token is not just a symbol, but a value driver for our community.

Today, we are announcing a significant evolution in this direction: we have created and supplied liquidity to new pools for the YNG/ETH pair on Uniswap. This initiative, which we began outlining in our last quarterly report, represents the completion of a fundamental strategic step for our YNG token, strengthening its presence and liquidity in the decentralized landscape. It is part of our broader commitment to enhancing YNG’s economic mechanism, a sustainable model that links the token’s growth to the platform’s success.

Why open new YNG/ETH pools on Uniswap?

The creation and addition of liquidity on Uniswap for the YNG/ETH pair are not mere technical integrations, but strategic moves that bring concrete benefits to our community and the token itself. Our goal is to strengthen YNG’s position in the decentralized landscape, continuing on a path we have already set. Greater liquidity offers numerous direct benefits for YNG holders and traders:

• Greater on-chain accessibility and flexibility: A DEX like Uniswap is a pillar of the decentralized market. By increasing our presence here, we make YNG more easily tradable and accessible to a global audience.
• Larger trades with lower slippage: With increased liquidity, the market depth for YNG/ETH improves significantly. This means traders can execute larger trades with minimal price impact (reduced slippage), a crucial advantage for both small investors and those looking to trade larger volumes.
• Operational advantages and tax flexibility with crypto-to-crypto trades: For many users, the ability to trade directly crypto-to-crypto (YNG with ETH and vice versa) on a DEX can offer greater flexibility in managing their portfolio. As the first pair that allows YNG to be traded against another cryptocurrency (ETH) and not against stablecoins or fiat currency, it introduces an advantage from a tax management perspective: it allows for investing and divesting in the token (by swapping it with ETH) without necessarily generating a taxable event, unlike exchanging for fiat currency or stablecoins.

The Numbers Behind the Operation

This quarter, we had already taken a fundamental strategic step by starting with an initial contribution of 38 ETH. Today, we have significantly expanded our commitment: for these new liquidity pools, we have invested 92.86 ETH, for a total equivalent value of €300,000, calculated at an average cost basis of €3,230.65 per ETH.

Such a substantial investment demonstrates our deep confidence in YNG’s potential and the value we place on a highly liquid market. As proof of this liquidity share, our wallet now holds the LP (Liquidity Provider) tokens received in return, which grant us the right to a share of the fees generated by each trade. As is typical for liquidity pools, the amount of YNG and ETH locked in these addresses is constantly fluctuating based on trading activity.

The Role of Liquidity in YNG’s Economic Mechanism

Adding liquidity on DEXs is an integral part of our strategy to support the YNG token. It not only improves the trading experience but also plays a fundamental role in strengthening our economic model. As explained in our whitepaper, the YNG economic mechanism, which will become fully operational with the launch of the payment account, includes a “Buyback and Add Liquidity” logic. The fees generated by these new liquidity pools on Uniswap—which are expected to be particularly significant thanks to the large monetary value deposited within them—will directly fuel this economic model. Specifically, they will be used to buy back YNG from the market and will then be re-added to the pools or used for ecosystem growth, constantly increasing liquidity and linking the token’s value to the platform’s growth. The new Uniswap pools will therefore be a fundamental channel for implementing this mechanism, ensuring stability and depth for the token.

This is a concrete step forward for Young Platform and our community. We continue to build, step by step, a financial future where Euro and crypto coexist in a single, efficient, and advantageous ecosystem.

Information regarding the YNG Token is for informational purposes only. The Token does not represent a financial instrument. The purchase and use of the YNG Token involve risks and must be carefully evaluated. This does not constitute a solicitation for investment, nor a public offering under Italian Legislative Decree no. 58/1998.

 What happened? What are the next steps?

The third quarter of 2025 marked an unprecedented growth chapter for the Young Platform ecosystem, solidifying the strategic breakthrough initiated with the listing of the YNG token on Uniswap. What was still a starting point in Q2 has now become a powerful accelerator, propelling our token toward new horizons of value and visibility.

This report analyses the results of an exciting period—characterised by strong market validation and intense work on multiple fronts: from consolidating our presence in DeFi, to enhancing community‑engagement initiatives such as The Unbox, to making important regulatory progress in the lead‑up to MiCA, and participating in key industry events.

As with earlier editions (except the special Q2 2025 issue celebrating the Uniswap launch), the report is offered in two versions:

• A public version, providing a clear overview of the milestones reached, events, and new developments of the quarter.
  
• An exclusive, in‑depth version, reserved for Club members, with detailed analyses of market data, strategy, tokenomics and a sneak peek at our roadmap.
  

Are you ready to dive into the details of a pivotal phase in our future?

2025 to date: the market validates our vision

The July listing on Uniswap was not just a technical milestone—it marked the beginning of a new era for YNG. Entering the decentralised market triggered an extraordinary reaction, resulting in the most significant price performance in our history.

Listing on Uniswap and price action: beyond expectations

The enthusiasm generated by the listing translated into exceptional price action. From the announcement in early July, YNG’s price surged by over 300%, moving from approximately €0.20 to a new all‑time high of €0.95.

This result is not accidental, but the first tangible confirmation that our long‑term strategy is paying off. The decision to pursue organic and sustainable growth has so far proven successful. We protected the community and enabled the real value of our ecosystem to emerge healthily.

Despite this milestone, we believe that YNG’s potential remains largely untapped. A market capitalisation below €30 million still does not fully reflect the value of a domestic-market-leading company with clear ambitions for European expansion.

Ecosystem adoption is a lengthy process, grounded in daily work and user trust. Each day we strive to maximise the value we offer in return for that trust—and the results of this quarter tell us we are on the right path.

The Unbox

In Q3, we completed The Unbox, our most ambitious prize contest ever, which served as a strategic bridge to the launch of our payment account and debit card. Building on the success of the first edition, we raised the stakes in both prize value and game mechanics—and the results surpassed every expectation.

The impact on engagement was extraordinary: platform activity rose sharply, registering participation peaks comparable to the most euphoric market periods.
A key role in this success was played by the Boost Holder mechanism, which rewards those holding YNG in their wallets. By offering weekly bonus gems based on token holdings, we created a virtuous cycle that tied contest participation directly to token utility—catalysing community interest and strengthening YNG demand.

Q3 posted a highly significant economic performance, driven by effective marketing campaigns and the “The Unbox” and “The Box” contests. These results demonstrate YNG’s concrete ability to create value for the ecosystem. Specifically:

• Trading volume on the YNG/EUR pair exceeded €17 million, with an additional €2.7 million on decentralised pools.
  
• This marks an increase of approximately 8,000% compared to the total trading volume of €250,000 in Q3 2024.
  

Roadmap: the Young Platform Account and Card are almost here

The Unbox contest was the event that led us to launch the account. With this in mind, we are excited to announce that the next big step in our evolution is imminent: the Young Platform payment account and debit card are about to become a reality.

At this stage, the feature is in its “Family and Friends” phase — a final testing period during which our team and a group of selected users are already using it daily. This phase will end in November, after which the gradual public rollout will begin, with priority access granted to Club members and to the winners of the 2025 prize contests (The Box and The Unbox).

This project fully reflects our philosophy, which places customer satisfaction and protection at the forefront. We chose a different path from the more speculative approaches seen in our industry. Recent events—liquidations totalling $19 billion—demonstrate the risks of a system based on extreme leverage.
Our goal is not to offer tools that promise rapid riches, but to guide users toward mindful, sustainable investment. We believe investing should be a “near‑zero effort” activity, integrated into everyday life. The account and card are instruments through which we turn that vision into reality.

MiCA: our path toward full compliance

Q3 was also pivotal from a regulatory standpoint, with significant advances in our alignment with the new European crypto‑asset regulatory framework (MiCA). We reaffirm our full commitment to operate in full compliance—this regulation represents a fundamental step toward transparency and investor protection across Europe.

Although we had long since initiated all the necessary activities to comply, with the goal of submitting the final application by the deadline of June 31st, 2025, an extension of the previous term made it impossible for us to meet that date.

In any case, we are ready to obtain authorization from the Supervisory Authority by the new deadline: December 30th, 2025. Thanks to a transitional regime under Italian law, we are authorised to continue providing our services without interruption, ensuring an orderly transition into the new system. For our users, this means there will be no immediate impact—you can continue using the platform just as you always have, without any action required on your part. Functionality, services and contract terms will remain unchanged during this period.

Our legal and compliance team is already working to ensure every aspect of our operations meets the highest standards demanded by MiCA. We will maintain an open and transparent dialogue and commit to regular updates on our progress. This path is not just a regulatory obligation—it’s a reaffirmation of our responsibility to build a crypto ecosystem that is ever more secure and trustworthy.

Strategic events and the future of Young Group

Last but not least, Q3 saw the official launch of Young Group—a strategic evolution celebrated at an exclusive event on 19 September in the prestigious Palazzo Mezzanotte (home of Borsa Italiana). On this occasion, we unveiled our transition from an exchange to a financial Super App: an integrated ecosystem that will offer trading on decentralised exchanges (DEX), collateralised loans, a debit card and payment account, and the integration of perpetual futures, stocks, and ETFs. A pillar of this strategy is Fleap S.p.A., a platform authorised by CONSOB for real‑asset tokenisation, positioning us at the centre of the European digital finance arena. Our co‑CEO, Andrea Ferrero, emphasised how this evolution represents the next step in our mission. After making Bitcoin safe and accessible five years ago, our current objective is to integrate the entire on‑chain economy into our app.

Our presence has not stopped there. We were key participants in Italian Tech Week—Italy’s premier tech event—where we organised the “Crypto Night” and presented our vision to more than 1,500 innovators and tech‑enthusiasts. We have also taken our strategy global: in late October, our Chairman, Nicolas Bertrand, will bring the Young Group model to the stage at Blockchain Life 2025 in Dubai—one of the world’s leading crypto events. His philosophy, at the heart of our strategy, is clear: success in fintech comes not just from technology, but from a perfect balance of regulation, accessibility and trust. While others obsess over hash‑rate optimisation, our obsession is optimising “trust‑flow”—that stream of trust which allows millions of people to approach this world safely, translating the complexity of blockchain into a human experience.

The third quarter of 2025 has demonstrated the strength of our vision and the exponential capacity of our ecosystem. Market validation, the launch of Young Group and a more concrete product roadmap are outcomes of a strategic journey built on solid foundations and a strong community.

But what you have read so far is only the visible part of this acceleration.

We have chosen to reserve the most strategic analyses and sensitive data exclusively for our Club members—they are the true protagonists of our ecosystem and deserve an unprecedented level of transparency regarding the decisions that will shape its future.

Information regarding the YNG Token is for informational purposes only. The Token does not represent a financial instrument. The purchase and use of the YNG Token involve risks and must be carefully evaluated. This does not constitute a solicitation for investment, nor a public offering under Italian Legislative Decree no. 58/1998.

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The Q2 2025 report on the YNG token. What happened? What are the next steps?

The second quarter of 2025 will be remembered as a strategic turning point for our ecosystem. It was a period of intense work that culminated in a historic event: the arrival of Young (YNG) on the decentralised market. The enthusiasm of our community was palpable, with the token’s price seeing a sharp appreciation following the launch announcement, rising from around €0.20 at the beginning of July to a high of €0.45.

This Report analyses in detail the significance of this step, the strategies that made it possible, and above all, the following exciting developments. On the occasion of an event as important as the Uniswap launch, we have decided to make this edition of the report entirely public and accessible to everyone. We want the entire community, and beyond, to fully understand the scope of this turning point.

This is a notable exception: starting from the next edition, the report will return to being exclusive content, with detailed insights into numbers and strategies, reserved solely for our Club members. Suppose you are not yet one of us. In that case, this is the perfect opportunity to experience the level of transparency and detail we offer and to consider joining the Clubs to stay informed about future in-depth analyses.

The launch of YNG on Uniswap and CoinMarketCap

As repeatedly stated, the YNG listing is just the beginning. However, the third quarter of 2025 is, in a sense, the most important of the year, as it will culminate in the realisation of key projects that propel us toward our ultimate goal: to become a digital hub that merges the best of traditional finance (TradFi) and decentralised finance (DeFi).

The launch of YNG on the decentralised exchange Uniswap took place on July 17th. From that moment, and for the first time in history, our token became accessible to a global audience, marking our official entry into the world of DeFi. Concurrently, we secured listings on CoinMarketCap and CoinGecko, ensuring maximum visibility and transparency from the very first minute.

The Unbox: Young Platform’s richest prize competition ever

But the news doesn’t stop there. In recent weeks, we also launched “The Unbox,” our largest and most ambitious prize competition ever, with the primary goal of freeing participants from their preconceptions about finance.

With a prize pool that includes iconic prizes (like a Rolex Datejust and a Moto Guzzi V7) and new game mechanics, this event is designed to increase our community’s engagement and put them to the test, allowing users to win incredible prizes as a natural continuation of their journey exploring the crypto world.

In this context, YNG is the absolute star thanks to the Boost Holder, a mechanism that provides a tangible advantage to those who hold the token in their Young Platform wallet. Specifically, at the end of each week, users receive an extra Gem bonus, calculated based on the amount of YNG held in their wallet (tokens held in Clubs are excluded). It’s a simple, automatic, and merit-based system: the more YNG you own, the more bonus Gems you get, regardless of the missions completed. This is our way of rewarding those who choose to keep their capital in YNG during this key phase of its evolution.

OTC Allocation for Strategic Partners

During this quarter, a strategic allocation of 2,000,000 YNG tokens was almost entirely completed through an Over-the-Counter (OTC) sale that began on July 1, 2025. To date, 100% of the sales target in Euros has been reached, for a total of 474.766,22 €, corresponding to 1.722.440,88 YNG.

This initiative was reserved for selected profiles, High-Net-Worth Individuals (HNWIs), and top users of the platform, to strengthen our ecosystem by involving actors aligned with our long-term vision.

The offer included a minimum purchase of €5,000 and a tiered bonus structure to incentivise larger investments:

• 5% bonus for purchases over €10,000
• 10% bonus for purchases over €50,000
• 15% bonus for purchases over €100,000

To discourage speculation and ensure long-term alignment, participants could opt for an additional 15% bonus by locking their tokens. The unlocking terms for these tokens include a 6-month total lock-up period (cliff), followed by a linear monthly release over the subsequent 6 months. The selection of participants was rigorous, ensuring that each partner shared our long-term oriented approach.

The proceeds from this allocation will be entirely reinvested to support YNG’s growth. Specifically, they will be used to finance upcoming marketing campaigns, potential listings on other centralised exchanges, and to fuel the token’s stability mechanisms, such as buyback programs and liquidity injections.

Given the success of the initiative, we have prepared a new allocation plan, which we will describe in detail in future updates. Unlike the OTC sale, this new plan entails that token purchases will be executed directly on the market. This means they will have a direct impact on the price of YNG. Further details on this future initiative and participation requirements, also based on Club membership, will be shared exclusively with Club members.

Economic Model Integration: Liquidity Injections and Periodic Buybacks

The following strategic step for YNG’s infrastructure is the activation of our new economic model, designed to support its value and liquidity over time.

The integration will be gradual: the mechanism will become fully operational only with the launch of new features, such as the payment account, the card, and perpetual futures trading, scheduled for the second half of 2025.

However, to provide tangible support to the token from its launch, we have chosen to activate an observation phase immediately. We have allocated a dedicated monthly budget and are ready to intervene to support the project if necessary. This initial phase will then be replaced by a portion of the platform’s revenues with the launch of the new features.

As stated multiple times, the economic model is based on two main actions:

• Liquidity Injections: The funds will be used to add liquidity to the pools, making the market more stable and resilient.
• Buyback (market purchase): If a liquidity injection creates an imbalance, the mechanism will use the funds to buy YNG on the market, realigning the value of the assets in the pool and supporting the price. The control and rebalancing between the quantity of Young (YNG), EURO, and USDC in the Pools will be carried out monthly.

To simplify, the process will work as follows:

• Month 1: Assuming a monthly budget of €20,000, this entire sum is used to purchase the YNG token directly on the market. This buyback operation is intended to support the token’s price.
• Month 2: The YNG tokens purchased in the previous month are paired with the current month’s budget. The asset pair (YNG and Euro) is then added to the liquidity pool, increasing the market’s depth and stability. The cycle repeats in the following months.

New Benefit for Clubs: Pulsee Energy

The second quarter of 2025 also brings a new, significant benefit for members of the Young Platform Clubs, designed to meet one of the most pressing needs of the moment and to enrich the user experience from a financial and practical standpoint.

In a context marked by the rising cost of living, we have forged a strategic partnership to offer a concrete and immediate advantage.

Pulsee Luce e Gas: a new energy for your finances. We have joined forces with Pulsee Luce e Gas, the 100% digital energy company of Axpo Italia, to give you greater control over your household expenses. This collaboration was born to offer you not only tangible savings but also an innovative and transparent experience, in line with the Young Platform philosophy.

Club members can now access an exclusive discount on their bills:

• €140 discount on electricity and gas for Club Bronze & Silver members.
• €160 discount on electricity and gas for Club Gold & Platinum members.

Pulsee offers energy from 100% renewable sources, fully digital management via an app, and zero paper constraints—a concrete way to cut costs where they weigh the most and protect your purchasing power.

This benefit adds to the others already active and demonstrates our ongoing commitment to enriching the value of the Clubs. New collaborations are already being defined to make the experience for our members ever more complete and distinctive.

Strategic Insights and On-Chain Data

The following section represents the level of in-depth analysis that is usually reserved exclusively for members of the Young Platform Clubs: confidential information, strategic data, and previews that are not publicly shared.

As a notable exception to celebrate the listing, we are making this content public. In these pages, you will discover the complete evolution of our ecosystem: from the organic growth of the YNG token, which we consider fundamental for it to remain “healthy,” to the new phase of our roadmap.

Listing on Uniswap, CoinMarketCap, CoinGecko

The launch of YNG on Uniswap was executed with a precise strategy, aimed at ensuring stability and maximum transparency for our community. In conjunction with the listing, we secured the presence of YNG on the two most important data aggregators in the world, CoinMarketCap and CoinGecko.

We are in direct contact with their respective teams to ensure that all information (supply, market data, etc.) is always accurate and up-to-date.

To create the market on Uniswap, we split the liquidity pools already present on our exchange, using part of those funds to develop the new decentralised pool on Uniswap V3. At the same time, to ensure clear on-chain visibility, we have structured the YNG supply into three main wallets:

1. Wallet: treasury & ecosystem rewards 

This is our main wallet, containing 66 million YNG. Its function is twofold:

• Ecosystem Rewards: A portion of the funds fuels the benefits for Club members, such as enhanced staking, contest prizes, and future cashback.
• Treasury: The other part serves as a strategic reserve to support the token’s long-term growth, financing the buyback mechanism, liquidity additions, and other future initiatives. We have chosen not to define the breakdown of these funds rigidly. This flexibility is crucial to seize opportunities that will arise in the coming years and to continue rewarding our most loyal users, while always keeping inflation under control. 

Wallet Address (Etherscan): 0xe237A24f67457d32a294b9F21C026C63C7a66B15

2. Exchange Hot Wallet 

This wallet contains approximately 24.9 million YNG and represents the circulating supply held by users on our platform. If you are a YNG holder on our exchange and have not withdrawn the tokens to an external wallet, your funds are safe here. 

Wallet Address (Etherscan): 0x2Ce9f4Fc52AF5498B99597141E66a4273Aa74983

3. Team Wallet 

 7% share of the total YNG supply, equivalent to 7 million tokens, has been allocated to an incentive plan for the team. The objective of this reserve is to align the interests of our staff with the long-term growth of Young Platform, rewarding their strategic contribution. The distribution of 5% of the total token supply will begin in early August and will follow a four-year gradual vesting mechanism. This system ensures a constant commitment over time. Should a team member end their collaboration with the company, they would forfeit the right to receive the unvested portions of the tokens. Furthermore, to support the company’s expansion goals, the 2 million YNG (equal to 2% of the total supply) not yet allocated will be reserved for the recruitment of future talent.

Wallet Address (Etherscan): 0xA26Cbb76156090f4B40A1799A220fc4C946aFB3c

The management of the entire reserve will be carried out with maximum transparency; it will be possible to monitor the amount of tokens released into the market by directly analysing the holders section on Etherscan. Moreover, the issuance of these tokens will be regulated by a mechanism linked to the market capitalisation, which will align the increase in supply with the project’s growth.

4. Wallet for Uniswap Liquidity (LP Token) 

This wallet contains the tokens that represent the liquidity provided by Young Platform to the decentralised exchange Uniswap. 

What are LP tokens? When you provide liquidity to a pool on Uniswap, you deposit two tokens in a “pair” (in this case, YNG and another asset, like ETH). In return, Uniswap issues LP (Liquidity Provider) tokens. 

These tokens act as a “receipt”: they prove ownership of a share of that liquidity and entitle you to receive a portion of the fees generated each time someone trades the tokens in that pair. This wallet holds these LP tokens, guaranteeing YNG’s liquidity on the decentralised market of Uniswap. As of 07/27/2025, the liquidity locked at this address corresponds to 1,732,074 YNG. 

Wallet Address (Etherscan): 0x1C65313c3BE89D78Ba315A044eB5847D21a3A2Eb

The Numbers for Young Platform Clubs in Q2 2025

Let’s now turn to the numbers from the last few months. As you know, YNG is the utility token of Young Platform and grants access to the Clubs: subscription plans that offer significant advantages both on our crypto services and on a selection of brands designed to enrich every aspect of your financial life. First, a clarification is necessary: due to a tracking error related to past promotions, the member data reported in previous reports was not entirely correct. Specifically, some users who were taking advantage of a promotional access to our first Club level, an initiative aimed at testing new engagement strategies, were mistakenly counted. Below are the updated and certified data.

As of 07/27/2025, the Clubs are composed of 1,830 people, divided as follows:

• 1,205 for Club Bronze;
• 275 for Club Silver;
• 156 for Club Gold;
• 194 for Club Platinum;

This data also allows us to analyse the token’s distribution. The more people join a Club, the more YNG is locked, thus reducing the circulating supply. Consequently, this dynamic contributes to greater price stability for YNG. At the end of the first quarter of 2025, Club members numbered 1,797, marking a growth of about 1%. At first glance, the growth may seem modest. Still, the data must be interpreted in light of another factor: the choice of many users to leave the Clubs to have their tokens available for the listing and to capitalise on a potential price increase of Young (which did indeed happen) to realise a profit.

Below is a chart summarising the growth of Club members from the launch of Young (YNG) on our platform to today. We intend to build a dedicated dashboard accessible to Club members through which it will be possible to see, in real time, how the adoption of our loyalty programs evolves.

YNG Token Distribution

In the period between early April and late July 2025, the circulating supply of YNG increased from approximately 24 to 27 million tokens. It is crucial to clarify the nature of this increase immediately: it is not the result of new emissions, but the consequence of a strategic OTC allocation, as previously discussed in the report. These 3 million tokens are now included in the circulating supply calculation because they have left the treasury wallet. However, most are subject to vesting periods and are therefore not immediately available on the market.

This strategic dynamic is coupled with the protocol’s organic inflation, stemming from rewards, which, by contrast, has remained at exceptionally low levels. The analysis of the second quarter (Q2) of 2025 confirms this:

• Step Rewards: 33,851 YNG
• Staking Rewards: 3,929 YNG
• Total Q2 Emissions: 37,780 YNG

This total represents a quarterly inflation rate of just 0.14% relative to the circulating supply.

Having defined the composition of the supply, let’s move on to its distribution across the markets. With the listing on Uniswap, YNG’s liquidity was split to support both the CEX and the DEX. As of July 27, 2025, the situation is as follows:

• YNG/EUR Pool (on Young Platform):
  • 621,000 Euros
  • 1.734 million YNG
• YNG/USDC Pool (on Uniswap – Ethereum):
  • 723,905 USDC
  • 1.733 million YNG

This configuration is the result of the purchases and sales made on the two markets where Young (YNG) is currently active, summarised below along with the price trend.

What happened during Q2 2025 from a tokenomics perspective?

From a tokenomics perspective, the quantity of tokens issued during the quarter remained in line with previous periods, consistent with our policy of controlled inflation.

This approach, which limits the increase in supply much more significantly than the crypto market average, represents a fundamental strength for YNG’s stability. This characteristic, combined with the new economic model that will be implemented with the launch of new features at the end of Q3 2025, strengthens our prospects for sustainable growth.

A more in-depth analysis of the current circulating supply reveals a strategic division between locked tokens and freely tradable tokens:

• Illiquid YNG: approximately 11.2 million YNG (just under half of the circulating supply) are not immediately available for sale. This figure includes tokens deposited in Clubs, those subject to lock-up periods following the OTC sale, those contained within the liquidity pools, and those on Step.
• Liquid YNG: consequently, the amount of tokens actually “sellable” on the market amounts to approximately 8.6 million.

The rest of the circulating supply is distributed within the ecosystem, mainly on Step and in the two currently active liquidity pools.

The Price of YNG

The second quarter of 2025 marked a turning point for Young (YNG), characterised by exceptional price performance and the achievement of a fundamental strategic objective: listing on a decentralised market.

After a phase of remarkable stability for much of the quarter, with the price hovering around the €0.20 level, the situation changed radically in early July. The announcement of the imminent listing on Uniswap triggered a sudden surge, fueled by the positive reaction of the community.

Intense buying pressure pushed the token above €0.27 in a single day, and then, within a week, it broke the previous all-time high of €0.30. This rally peaked in the week of the launch, when YNG set a new all-time high around €0.50, marking an appreciation of about +120% since the end of June.

The enthusiasm was such that, at the time of listing, the price even briefly touched the one-dollar mark on the on-chain pool. While we appreciate this performance, our goal remains steady and organic growth, avoiding excessive volatility and linking the token’s value to its real utility within the platform.

The Next Steps

The listing on Uniswap is not a destination, but the beginning of a new phase of expansion. Our strength lies not in short-term hype, but in building a solid, secure, and valuable ecosystem. Our course for the coming months is set and is based on three fundamental pillars:

1. Global Expansion and Targeted Marketing 

The launch on Uniswap kicks off our first true international marketing campaign to make the project known far beyond Italy’s borders. It’s not just about promoting the token, but about making the entire Young Platform ecosystem accessible and attractive to a global audience, increasing its utility and avoiding purely speculative logic. We will act with a strategic and measured approach, collaborating with agencies and KOLs (Key Opinion Leaders) specialised in the Web3 sector. Thanks to a flexible structure, we will analyse data in real time to focus investments on the highest-impact activities, thus ensuring organic and sustainable growth.

2. Continuous Platform Development 

While the market focuses on price, our team remains focused on our primary mission: building tangible value. Our development roadmap continues unabated, and the release of the announced new features, such as the payment account, the card, and the integration of futures, is our top priority. We firmly believe that the growth of YNG’s value in the long term will not be dictated by hype, but by its real utility. Every new product we integrate into the ecosystem creates new use cases for YNG, increasing its organic demand and offering our community more concrete reasons to hold and use it.

3. Strategic Activation of the Economic Model 

In parallel with development, we will activate our new economic model, designed to link the platform’s successes to the token’s stability. The implementation will be gradual: in an initial phase, until the launch of the account and the card, we will be in “observation mode,” carefully monitoring the market to act with targeted support operations where necessary. Subsequently, the mechanism will become fully operational. A portion of the platform’s revenues — generated from trading fees, the Step app, and staking — will be systematically used to perform YNG buybacks or to inject liquidity into the pools, creating a virtuous cycle that supports the token’s value over time.

Conclusions

The second quarter of 2025 concludes by marking a historic turning point for the Young Platform ecosystem. The listing of YNG on Uniswap was not just a technical milestone, but the beginning of a new era of global accessibility and integration into the world of decentralised finance. The enthusiasm of our community and the positive market reaction, which brought the token to a new all-time high, confirm the validity of our vision.

As we have detailed in this report, every step — from the strategic OTC allocation to the launch of The Unbox competition — has been guided by a single principle: the construction of long-term value. Our course remains firm and focused on organic growth, the real utility of the token, and the constant strengthening of our ecosystem, shielded from purely speculative dynamics.

The coming months will be just as intense. We will proceed with determination along the three strategic pillars we have outlined: the expansion of our marketing globally, the release of new and fundamental features like the account, the card, and futures, and the progressive activation of our economic model. We are convinced that these initiatives will further consolidate the position of YNG and our ecosystem.

Your support as Club members is and remains our greatest asset. We thank you for your trust and invite you to continue following us in this exciting chapter of our journey.

Information regarding the YNG Token is for informational purposes only. The Token does not represent a financial instrument. The purchase and use of the YNG Token involve risks and must be carefully evaluated. This does not constitute a solicitation for investment, nor a public offering under Italian Legislative Decree no. 58/1998.

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