Token YNG: Q4 2024 Report

Token Young (YNG): updates and news Q4 2024

The Q4 2024 report on the YNG token. What happened during this eventful year full of new developments? What are the following steps to take?

What happened in the last quarter? What objectives were achieved in 2024? What does 2025 hold for us—a crucial year for our future? How many YNG tokens were issued, bought, and sold, and what next steps should we take?

2025 will be a pivotal year

Before exploring the Young (YNG) token, the Clubs, and our ecosystem, it’s essential to clarify a few key points. We are entering the era of Composable Finance, a transformative period in which modularity and decentralisation are reshaping the financial system to be more inclusive, transparent, and flexible. Young Platform is well-suited to this landscape, as we have always aimed to simplify the crypto market for everyone, breaking down barriers and providing increasingly innovative and secure tools.

As mentioned earlier, our primary goal for 2025 is to establish ourselves as a crypto bank—a digital hub that combines the best of traditional finance (TradFi) and decentralised finance (DeFi).

Young Platform Club Numbers – Q4 2024

YNG is Young Platform’s utility token. It grants access to Clubs, subscription plans that offer exclusive benefits on our crypto services, and a curated selection of brands designed to enhance every aspect of life.

Currently, the Clubs consist of 1,882 members, distributed as follows:

  • 1,276 in Bronze Club (+8%)
  • 275 in Silver Club (+22%)
  • 169 in Gold Club (+29%)
  • 162 in Platinum Club (+22%)

Club Pricing: The New Model Comes into Effect

Users must purchase and lock a specific amount of YNG to join a Club on the Young Platform’s exchange. This amount has been permanently fixed until now, but as of today, February 4, 2025, it will become variable. This change aims to create a better balance between supply and demand, providing users greater flexibility. This report provides all the details regarding the new Club rebalancing mechanism.

Membership Growth in January 2025

The number of registered members is a crucial metric for analysing token distribution. As more people join the Club, more YNG tokens are locked, reducing the circulating supply. This dynamic contributes to YNG’s excellent price stability.

Club membership has increased compared to the previous quarter, likely due to the announcement of the 2025 Roadmap and the recently implemented rebalancing mechanism for the number of YNG required to join.

Starting today, the fee discount for new Platinum Club members who join the loyalty program will be 90% instead of the previous 100%. However, this change does not affect existing members whose terms and conditions remain unchanged.

As of the end of Q3 2024, club membership reached 1,659, reflecting an approximate growth of 13%, a rate not seen in the past two years. Additionally, it is encouraging to note that the most exclusive clubs, Gold and Platinum, experienced growth rates of 29% and 22%, respectively.

YNG Token Distribution

In October, the circulating supply of YNG tokens was approximately 23.7 million. By January, this figure had risen to 23.9 million, marking a net increase of around 107,587 tokens, or +0.8%.

The tokens were distributed through various mechanisms:

  • 19,281 tokens were allocated for completing Quizzes, Challenges, and the Up&Down feature (before the Levels introduction).
  • 43,797 tokens were earned by completing Levels.
  • 44,509 tokens were distributed through the Staking feature.

The YNG token market is managed by an algorithm that determines the exchange rate based on two underlying liquidity pools denominated in EUR and YNG. At launch in May 2022, these pools contained:

  • 1 million euros
  • 4 million YNG

Taking into account token purchases and sales over the past few months, by the end of December 2024, the pools contained:

  • 676,750 euros
  • 6.27 million YNG

This configuration reflects the buying and selling activity during Q3, summarised below, along with price trends.

Token Young (YNG): updates and news Q4 2024

What happened in 2024 from a tokenomics perspective?

The token issuance mechanisms already changed in 2023 with the Step 3.0 update and, more recently, with the introduction of Staking.

The current number of YNG issued has risen by 57% compared to the 68,000 issued during the third quarter of 2024. This growth, particularly in relation to the overall increase in Club membership, is a positive indicator. It suggests that users have valued the improved Staking APY. This reinforces the effectiveness of our incentive strategy, which we intend to apply to upcoming features.

It is important to note that YNG’s launch on the decentralised market will accompany a comprehensive restructuring of its tokenomics, which is already underway. As mentioned in the introduction about the “cost” of joining Clubs, the new features we are implementing will offer token rewards in Young (YNG) exclusively for Club members, following a staking model.

The current situation allows us to calculate the amount of YNG available for sale, considering the tokens locked within the Clubs. Approximately 10.2 million YNG are locked in our loyalty programs, representing just under half of the circulating supply. Meanwhile, the amount available for sale is around 13.7 million YNG.

We are confident that our announcements in the coming weeks will further drive Club membership growth. We aim to integrate loyalty programs—and, by extension, our token—more centrally into the ecosystem.

Token Young (YNG): updates and news Q4 2024

The Price of YNG

Let’s analyse Young (YNG) ‘s performance over the past few months. While the most significant phase of YNG’s recent price surge began in early 2025, we have included this in our report because price movements influence strategic decisions, particularly regarding YNG’s listing on the decentralised market.

At the beginning of December, YNG’s price was around €0.095. This was followed by a gradual increase in buying pressure, initially mild but progressively stronger. Following the release of the roadmap video on December 17 and the start of January, trading volume increased, leading to more robust daily and weekly performance.

🔗 View the tweet

On January 18, the announcement of the new Club price rebalancing model gave the market an additional boost. As a result, YNG’s price skyrocketed from around €0.12 to a new all-time high of approximately €0.28, marking a remarkable increase of 158%, with 15 consecutive days of gains.

Following its peak, the token underwent a natural correction, settling around €0.22 due to increased selling pressure. This price retracement was generally anticipated, as it had been advantageous to join the Clubs while YNG was priced below the €0.24 threshold in recent weeks.

Q4 2024: Achievements and Released Features

During Q4 2024, we focused on several key features alongside developments on the token project, which will be covered in a dedicated section. Our primary goal was to introduce the evolution of the Earn feature, which was suspended in 2022.

At the same time, we worked to ensure compliance with the European Markets in Crypto-Assets (MiCA) regulation, which partially came into effect at the end of June 2024, aligning with the new regulatory standards for crypto assets.

As always, this report summarises the progress made over the past three months and provides a detailed overview of the most relevant initiatives and developments.

Expansion of the Staking Feature

At the end of Q3 2024, we introduced staking, initially available only on Ethereum, before gradually expanding to other networks. The second network added to our exchange was Solana (SOL), followed by Celestia (TIA) and Cosmos (ATOM). As mentioned in the Q3 2024 Quarterly Report, this feature aims to provide users with a straightforward and efficient way to earn rewards on their cryptocurrencies without hassle or complexity.

Staking plays a crucial role in this report. It has allowed us to introduce the first significant benefit associated with the Clubs, further enhancing the significance of the Young (YNG) token within the ecosystem. 

One of the most significant advantages is the extra YNG bonus, calculated based on the user’s Club level. To determine the actual value of these boosts, simply add the percentage shown below to the standard staking APY, with the increase potentially reaching the maximum indicated, depending on the underlying asset:

  • Bronze Club: up to +5%
  • Silver Club: up to +15%
  • Gold Club: up to +30%
  • Platinum Club: up to +70%

In December, we introduced the recurring purchase option for staking. This feature allows users to automate their value accumulation strategy, simplifying asset management while maximising staking rewards over time. For about a month now, users have been able to set up recurring purchases, helping them average the purchase price of the selected cryptocurrencies (ETH, SOL, TIA, ATOM).

This way, they not only optimise their market entry strategy but also maximise the compounding effect of staking rewards, increasing the growth potential of their portfolio.

Club Price Rebalancing Mechanism

Starting today, February 4, 2025, the number of YNG tokens required to join Young Platform’s Clubs will be updated monthly based on the market price. This approach aims to maintain a balance between accessibility for users and the value of the tokens. The adjustment mechanism plays a crucial role in stabilising Club pricing:

  • If the price of YNG increases significantly, the number of tokens needed to access the Clubs will decrease proportionally. This prevents the euro cost from rising excessively and reduces the risk of excluding users.
  • Conversely, if the price of YNG drops, users will be required to hold more tokens to access the Clubs. This adjustment helps balance the lower unit value and ensures the model’s sustainability.

These mechanisms operate under specific rules to balance accessibility and economic stability and stabilise pricing in fiat currency (euros). Let’s examine how they work.

Amounts to be Locked to Access the Clubs

(Based on YNG’s launch price of €0.24) :

  • Bronze: €360
  • Silver: €1,200
  • Gold: €2,400
  • Platinum: €6,000
  1. If YNG’s price falls below €0.24 at the end of the month, the number of tokens required will increase proportionally, ensuring that the euro cost remains the same as at launch, when YNG was priced at €0.24.

For example, if by the end of the month, YNG is at €0.20, the amount of YNG needed to join the Bronze Club will still be €360, but users will have to lock 1,800 YNG.

Since: 1,800 YNG × €0.20 = €360.

  1. If YNG’s price rises above €0.24 at the end of the month, a discount factor will be applied to prevent Club access from becoming too expensive.

For example, if YNG’s price increases by 50% beyond €0.24, reaching €0.36, thanks to the discount factor (initially set at 0.5), the euro cost will rise by only half, meaning +25% instead of +50%.

In this case, 1,500 YNG would usually be required to join the Bronze Club at €0.36 per YNG, but with the discount factor, only 1,250 YNG will be needed, meaning €450 instead of €540.

📌 NB: The discount factor may be revised in the future.

In summary:

  • If YNG’s price decreases, the required tokens increase proportionally (without discounts).
  • If YNG’s price increases, the number of tokens required decreases, but in a controlled way to prevent devaluation of the Clubs.

This system ensures a balanced access model, preventing a sharp price increase from making Clubs too cheap or a significant price drop from requiring an unrealistic number of tokens.

This change guarantees excellent stability and prevents imbalances that could make the Clubs too exclusive.

New Club Prices for February 2025


As previously mentioned, the amount of YNG to lock to join Young Platform’s Clubs in February is as follows (considering the YNG price as of 04/02 at 00:00 at €0.215):

  • Bronze: 1,667 YNG
  • Silver: 5,557 YNG
  • Gold: 11,115 YNG

Platinum: 27,789 YNG

Young Platform Pro Update

Over the past few months, we have been enhancing Young Platform Pro’s trading experience by introducing visual and functional updates to make the platform more intuitive and efficient.

The homepage has been completely redesigned, and the markets page now offers more detailed information for each trading pair, including the 24-hour trading volume and other key metrics. We have also optimised the desktop interface’s adaptability to improve the user experience.

In addition, we have enhanced the data display in the order book, making limit order positions more explicit. The trading pair selector has been optimised to include more information and a more detailed categorisation of available cryptocurrencies. Users can now hide open limit orders and view historical trade positions directly on the chart.

Regarding order management, we have introduced the ability to view individual executed trades. A shortcut for YNG conversion has made accessing small balances (dust) easier. Moreover, shortcuts between the wallet, orders, and trading area have been improved to facilitate smoother navigation.

Finally, we are actively working on releasing a new version of the trader APIs. This version will include WebSocket support, providing advanced users greater automation and integration possibilities.

Zealy Campaign 

The Zealy campaign, launched to encourage and reward our community’s engagement, will continue to evolve over the coming months.

After tracking user activity on Discord and rewarding the most active members at the end of 2024, we have kicked off a new campaign, allowing everyone to climb the leaderboard again and win prizes.

The system allows users to earn points through various activities, such as:

  • social media interactions,
  • themed quizzes,
  • active participation in the community.

This initiative is part of a broader strategy to strengthen our ecosystem, where user contributions will be increasingly valued through exclusive benefits.

We will officially announce the prizes during the quarter. They are designed to reflect our ambition to become a digital bank and offer tangible rewards to our most engaged users.

Listing on Young Platform

As always, we have worked to expand the range of cryptocurrencies available on Young Platform, in line with user feedback. During the last quarter, we integrated the following tokens into our ecosystem:

Would you like to suggest new and exciting cryptos you’d love to trade on our exchange? Join us on Discord! It’s the perfect place to share strategies, discuss results, and ask for advice from other community members.

💬 Join the conversation and stay up to date!

👉 Join Discord

Club Benefits

Over the past few months, we have introduced two new benefits for our Club members in the form of vouchers.

In November, we launched Tiqets, a platform that allows you to explore museums and attractions worldwide without waiting in line. There’s something for everyone, from water activities in Dubai to distilleries in Dublin, stadium tours in London, day trips in Las Vegas, and even visits to the Vatican Museums.

We also recently announced our partnership with Builtdifferent. This all-in-one fitness platform provides personalised training programs and nutrition plans at a significantly lower cost than hiring a traditional personal trainer.

But the exciting news doesn’t stop there! We are discussing with more major brands to offer even more exclusive and valuable benefits in the future.

Stay tuned by following our blog and social media channels so you don’t miss out!

Upcoming News!

The best is yet to come, and here’s a sneak peek. 

As previously mentioned, during Q3 2024, we primarily focused on staking and the initial preparations for the payment account. However, YNG remains at the centre of our activities. We have made significant progress and have a clear roadmap for its future. This will be the main focus of this report.

IEO Young (YNG) and Tokenomics

Since the end of Q3 2024, the situation has slightly shifted, primarily due to Young’s (YNG) recent price surge. The stock has returned close to its €0.24 launch price.

As the Q3 2024 report outlined, the goal until early January was to restore YNG to its original launch price through a pre-TGE buyback. This strategy aimed to rebalance existing liquidity pools and establish a solid price base for the token ahead of its official launch on the decentralised market.

Once the price stabilised, the plan was to sell YNG tokens to selected venture capital (VC) firms through a private sale with a structured four-year vesting period. This approach was designed to attract strategic investors who could support project growth. The funds raised would strengthen the treasury, finance development initiatives, and continue the buyback strategy.

However, the recent price increase allows us to explore alternative strategic options while continuing discussions with key European VCs. At the same time, our integration with the selected Initial Exchange Offering (IEO) provider is nearing completion. The team also evaluates the optimal launch strategy, considering market conditions and institutional investor interest.

Our goal remains to maximise the ecosystem’s value by ensuring sustainable token distribution. Additionally, we aim to activate the trading pair on decentralised exchanges (DEXs) no later than the launch of the payment account and card, which is currently scheduled for Q2 2025.

Key Mechanisms to Ensure Token Stability

Beyond the sales strategy, two essential mechanisms outlined in the Q3 2024 report remain active to ensure YNG’s stability:

  • Club Rebalancing: The number of YNG tokens required to join the Clubs will be periodically adjusted based on price fluctuations. If the price rises, the required number of tokens will decrease by 50% relative to the price increase. If the price falls, the number of tokens needed will increase proportionally. This system maintains a balance between accessibility and market stability.
  • Liquidity Addition: The treasury will monitor the available budget and YNG reserves monthly to add liquidity to the pools. This mechanism, which will take effect with the launch of the DEX trading pair, will help mitigate price fluctuations and ensure greater market depth.

Trade Rumble: The Ultimate Trading Competition

Starting 7 February, we’re launching Trade Rumble, the competition that tests your trading skills, giving you the chance to climb the leaderboard and win amazing prizes.

Joining is simple: trade Euro-Crypto and Crypto-Crypto pairs, complete missions, collect Gems, and rise in the rankings.

Up for grabs: MacBook Pro, iPhone 16, AirPods Max, and many more prizes, with an exclusive advantage for Club members: in case of a tie, the winner will be whoever belongs to the highest Club level (plus, Club members already save on trading fees!).

Account & Card

As previously announced in our last report and during the dedicated AMA, our ecosystem is on the verge of a significant advancement with the launch of the Payment Account and Card, scheduled for Q2 2025. This project has long been a part of our long-term vision and represents the second pillar of Young Platform, bringing us closer to achieving our goal of digital banking.

Our ambition is clear: to become Italy’s first crypto-native bank, combining the strengths of traditional finance with the efficiency, speed, and earning potential of the crypto world. This new approach will offer users a more accessible, faster, and cost-effective way to manage their finances, providing complete control over digital and traditional assets.

The new Payment Account allows users to manage their finances in one place, simplifying spending, investments, and transfers. Additionally, the Debit Card (available in digital and physical formats) will allow users to spend their funds and profits from crypto investments directly, minimising costs and enabling instant transactions. This card will be more than just a payment method—it will serve as an essential extension of the Young Platform ecosystem.

The Clubs and the Young (YNG) token will be crucial in this transformation. Our Crypto-Infused Finance model will incorporate YNG cashback and exclusive benefits for Club members, making our system even more rewarding for those who support our vision. Some of these perks will be available soon, even before the official feature launch.

We are also developing a pre-launch marketing campaign for the Card to reward our most active users. This will be a competition, and Club members will naturally have additional advantages.

 That’s all we’re revealing for now… but stay tuned on our social channels to learn more soon!

Futures

We are excited to announce a significant new feature to our ecosystem: Futures on Young Platform, which will launch in Q3 2025. Our community has highly anticipated this development, which represents a strategic evolution of our platform and will expand trading opportunities for all users.

With the introduction of Futures, users will have access to advanced tools to trade with leverage on cryptocurrencies, stocks, and ETFs. This means they can open long and short positions, enabling more flexible and diversified trading strategies—whether to capitalise on bullish trends or hedge against market uncertainty.

The launch of Futures marks a significant milestone for Young Platform. It positions us as a comprehensive hub for managing and investing in digital and traditional assets. This new feature will enhance our platform’s competitiveness, catering to experienced traders and those who want to explore more advanced financial instruments gradually.

That’s all the information for now! Be sure to follow us on all our channels.

Trade Rumble: Young Platform’s new competition that rewards your trades

Trade Rumble: Trading Challenge on Young Platform

Win a MacBook Pro, iPhone 16, AirPods Max, and more!

Get ready to enter the arena with Trade Rumble, Young Platform’s exciting new competition! From February 7, 2025, to March 9, 2025, you’ll have the opportunity to compete against other traders, climb the leaderboard, and win fantastic prizes, including a MacBook Pro, iPhone 16, and more.

Here’s everything you need to know to participate and give it your all!

How to participate in Trade Rumble

Entry Requirements

The competition is open to all users who meet the following criteria: 

  • Must be of legal age.  
  • Must have a registered and verified account on Young Platform (please ensure that you complete the KYC process, which is the identity verification). 
  • Must enter the competition directly through the app, accepting the rules with a single click. 

Enrollment Modalities

  • New Users: Download the app or register on the website, complete the identity verification, and enter the competition in the designated section (only app). 
  • Existing Users: Log in to the app, complete the KYC process (if you haven’t done so already), and navigate to the ‘Trade Rumble’ section to enter the competition.

How the competition works

The competition is straightforward: your goal is to collect as many Gems as possible to rise on the leaderboard and win amazing prizes. Here’s how it works:

1. Complete Quests: Engage in buy, sell, or exchange transactions on the Young Platform exchange (basic version). The Quests will guide you through the tasks you need to complete to earn Gems.

2. Redeem Gems: After finishing a Quest, don’t forget to redeem your Gems directly in the app! Only then will they be added to your total and contribute to your ranking.

3. Climb the Leaderboard: The more Gems you gather, the higher you will climb the leaderboard, increasing your chances of winning one of the 10 prizes!

What Matters:

– Transactions involving Euro-Crypto pairs (e.g., EUR/BTC, EUR/ETH).

– Transactions involving Crypto-Crypto pairs (e.g., BTC/ETH, ADA/USDT).

– Transactions processed via Moneyboxes (recurring purchase).

What Doesn’t Count:

– Operations conducted on Young Platform PRO.

– Transactions carried out using the Smart Trades feature.

– Cancelled or unexecuted orders.

– Suspicious or fraudulent volumes, as determined by Young Platform.

Important: Remember to redeem your Gems as soon as you complete a Quest to maximize your progress! 

Please note: If you do not redeem the Gems on time, they will not be added to your total, and you will miss the chance to climb the rankings.

Prizes to be won

Here is an overview of the prizes that await you:

  • 1st place: MacBook Pro, iPhone 16, AirPods Max 
  • 2nd place: MacBook Pro, iPhone 16 
  • 3rd place: MacBook Pro, AirPods Max 
  • 4th place: MacBook Pro  
  • 5th place: iPhone 16, AirPods Max  
  • 6th place: iPhone 16 
  • 7th place: AirPods Max 
  • 8th place: Apple Watch  
  • 9th place: Apple Gift Card worth €250.00
  • 10th place: Apple Gift Card worth €100.00

If some prizes are not awarded, they will be donated to Save the Children Italy.

The benefits of the Young Platform Club

Joining a Young Platform Club provides you with a strategic advantage in the Trade Rumble competition! The higher your club level (e.g., Platinum, Gold), the more benefits you can enjoy.

In the event of a tie in the rankings, the member at the highest Club level will always take precedence. Additionally, being a Club member grants you access to commission discounts, which translates to more trading opportunities, lower costs, and more gems.

Not part of the Club yet? Now is the perfect time to prepare for climbing the levels and making an impact in the Trade Rumble rankings!

Join Now

Classification Rules

The ranking is determined by the total number of Gems accumulated. In the event of a tie, the following criteria will be used to break it:

1. The user who has achieved the highest level in the Young Platform Club (e.g., Platinum is ranked higher than Gold) will win.

2. If two users belong to the same club, the one who reached their total number of Gems first will be the winner.

3. If neither user is a member of a club, the winner will be the one who accumulated their Gems first.

Please note that the final ranking will be closed at 23:59 on March 9, 2025, and winners will be announced by March 31, 2025.

Your ranking

Trade Rumble will be accessible through the Young Platform app, where you can track your ranking. Complete details and the Official Regulations will always be available on the Young Platform app, as well as on our website at support.

Why participate?

Trade Rumble is more than just a competition; it’s an opportunity to test your trading skills, have fun, and compete for fantastic prizes. If you haven’t signed up for Young Platform yet, now is the perfect time to get started! Don’t waste any time—sign up now and prepare to conquer the rankings.

Go to sign up


Do you have any questions? Consult the full Regulation on the app or write to us: we are here to help.

The Travel Rule in Europe: changes for the cryptocurrency industry and how Young Platform ensures compliance

Understanding the Travel Rule: how Young Platform ensures compliance

In recent years, financial transparency regulations have expanded to include the cryptocurrency sector, aiming to prevent the illicit use of digital assets. A significant regulation in this area is the Travel Rule, which requires financial institutions and virtual asset service providers (VASPs) to share information about customers involved in transactions above a certain amount.

In line with its commitment to security and compliance, Young Platform has implemented major updates to comply with these regulations while maintaining user privacy. In this article, we will explore the requirements of the Travel Rule, its implications for the crypto sector, and the steps Young Platform has taken to remain compliant.

European Regulatory Framework: MiCA and TFR

The European Union (EU) has established a comprehensive regulatory framework for the cryptocurrency industry, which includes two key regulations: the Markets in Crypto-assets Regulation (MiCA) and the Transfer of Funds Regulation (TFR).

MiCA provides a uniform legal framework for digital assets, outlining clear rules for consumer protection, asset classification, licensing requirements, and market abuse prevention.

Conversely, the TFR implements Europe’s Financial Action Task Force (FATF) Travel Rule. It mandates sharing detailed information regarding crypto-asset transactions to combat money laundering and financing illicit activities.

What is the Travel Rule, and why is it important?

The Travel Rule requires CASPs to collect and transfer detailed information on the parties involved in transactions above a certain threshold. For Italy, the threshold is €0, which means that any crypto withdrawal or deposit must carry the additional information required by the Travel Rule. (The aim is to increase the transparency and traceability of transactions, making it more difficult for criminals to hide behind anonymity.

The TFR establishes specific requirements to ensure compliance, including:

  • Verification of sender and receiver information.
  • The adoption of appropriate measures for transactions to self-hosted wallets.
  • The application of guidelines issued by the European Banking Authority (EBA).

What is the Travel Rule, and why is it important?

The Travel Rule requires Crypto Asset Service Providers (CASPs) to collect and transfer detailed information about the parties involved in transactions that exceed a certain threshold. In Italy, this threshold is set at €0, meaning that any crypto withdrawal or deposit must include the additional information mandated by the Travel Rule. The primary goal of this rule is to enhance the transparency and traceability of transactions, making it more challenging for criminals to operate anonymously.

The Travel Rule establishes specific requirements to ensure compliance, which include:

  • Verify information for both the sender and the receiver.
  • Implementation of appropriate safeguards for transactions to self-hosted wallets.
  • Adherence to guidelines issued by the European Banking Authority (EBA).

Young Platform’s Adjustments to the Travel Rule

To comply with the Travel Rule and EBA guidelines, Young Platform has introduced new procedures for incoming and outgoing cryptocurrency transactions, specifically for deposits and withdrawals. Here are the main changes implemented.

Verification of Self-Hosted Wallets  

When users deposit or withdraw cryptocurrencies to a personal wallet, they may be required to confirm ownership of that wallet. This verification can be completed through Self-Certification, which involves a quick verification process using two-factor authentication (2FA) or other specific methods outlined directly on the platform during the transaction.

Transactions Between Crypto Asset Service Providers (CASPs)  

Young Platform requires users to specify the counterparty involved in the transaction for transfers to other crypto service providers.

Security and Data Protection  

Young Platform has collaborated with technology partners to adopt advanced solutions, including the TRUST (Travel Rule Universal Solution Technology) system. This system enables the secure and fully encrypted exchange of critical information, ensuring regulatory compliance while maintaining user privacy.

Requirements for Self-Hosted Wallet Transactions  

For transactions involving self-hosted wallets, Young Platform evaluates the risk associated with each transaction. It requires specific verifications, such as two-factor authentication or other methods communicated during the transaction process, following the provisions of the Travel Rule.

What changes for Young Platform users?

European Young Platform users must adapt to new crypto transaction procedures. Here’s a summary of the changes:

  • Deposits and Withdrawals: Users will be required to verify the source of their funds. For private wallets, a one-time verification will be necessary.
  • Transactions Between CASPs: Users may need to provide information about the counterparty involved in the transaction.

For more details, please refer to the updated Cryptocurrency Withdrawal and Cryptocurrency Deposit guides.

Why the Travel Rule is a step forward for the crypto sector

The Travel Rule marks a significant advancement for the crypto industry. While it may initially appear to be an extra burden for users, this regulation is crucial in legitimising the global cryptocurrency industry. Enhancing transparency and security, the Travel Rule fosters a more trustworthy environment for individual users and institutional investors.

Young Platform: compliance and innovation for users

Young Platform is dedicated to offering a secure and compliant platform while prioritising user experience. By collaborating with leading partners like TRUST and utilising advanced technologies, the company guarantees that users can operate in a trusted and regulated environment. For more information on the Travel Rule and the adjustments made by Young Platform, please visit our Help Centre,Terms & Conditions, or Privacy Policy.

FAQs: Young Platform Clubs

How do the Clubs work? FAQ about the YNG token

Learn all about Young Platform Clubs: exclusive benefits, membership and the role of the YNG token.

Young Platform Clubs are exclusive benefit packages designed for the Young token (YNG) holders, the cryptocurrency native to the Young Platform ecosystem. Access to these Clubs requires you to block a certain amount of YNG: the more tokens you block, the greater the benefits and the higher the level of your Club.

This article provides all the information you need to understand how the Clubs operate, their benefits, and how the required amount of YNG tokens for membership is determined.

Among the main themes we will explore:

  • The Young Token (YNG): Understanding what it is, how it functions, and its primary utilities.
  • Young Platform’s Clubs: Discussing the various levels, benefits, and new features introduced with the rebalancing mechanism.
  • The benefits for members: Highlighting advantages such as fee reductions and partnerships that enhance the ecosystem experience.

Read the article to discover how Young Platform Clubs can help you optimise your portfolio and access various curated opportunities.

The Token Young (YNG)

The Young token (YNG) is the native cryptocurrency of the Young Platform ecosystem. Developed as an ERC-20 token, it is classified as a utility token and complies with MiCA (Market in Crypto Assets) regulations. YNG is designed to provide value and utility to users and serves as the central element of the Platform’s functionality.

With YNG, users can access Young Platform Clubs, which offer packages of benefits based on the amount of tokens they block. The more tokens a user blocks, the greater their benefits and the higher their Club level. Initially introduced in 2018 as a reward for participating in the Young Platform Step educational game, YNG expanded its utility in 2022 when it was listed on the exchange, coinciding with the growth of Young Platform, now recognised as Italy’s leading crypto exchange.

The token offers concrete benefits, such as increased APY on staking, commission discounts, and priority access to initiatives and promotions. The YNG ecosystem will be further enriched in the coming months with new features, such as payment accounts, cards, and advanced trading tools (e.g., margin trading).

YNG’s tokenomics support sustainable growth, facilitated by buybacks and periodic cash injections made possible through a portion of the ecosystem’s revenues. Users must block YNG within the Young Platform app by signing up for one of the Clubs to access these benefits. The benefits offered by the Clubs are continually evolving as new partners and features are introduced, thereby increasing the value for token holders.

In addition to being a digital asset for portfolio diversification, YNG allows users to actively participate in the growth of the Young Platform ecosystem, creating a direct and incentivising connection between the community and the platform.

The information in this paragraph is intended for informational purposes only and should not be considered financial, investment, or other types of advice. Investing in cryptocurrencies, including YNG Token, carries significant risks, such as market volatility and the potential loss of your entire investment. Before making any decisions, conducting your research, carefully evaluating your financial situation, and consulting a specialist advisor if needed is essential. Past performance is not indicative of future results. Young Platform disclaims any liability for losses or damages resulting from using the information provided in this paragraph.

The advantages of the Club Young Platform on functionality

Young Platform’s clubs provide various benefits aimed at enhancing user experiences and maximising the value of cryptocurrency holdings while minimising costs and increasing potential earnings.

One of the primary advantages is the significant discounts on buying and selling fees, which can reach up to 90%. This reduction in trading costs is especially beneficial for active investors. Additionally, members can take advantage of higher Annual Percentage Yields (APYs) on staking. Not only do they earn rewards in the staked currency, but they also receive YNG tokens. The bonus YNG gains can increase by up to 70%, making this a compelling option for those looking to earn passive rewards through staking.

Moreover, members can earn extra rewards through Airdrops, providing bonuses of up to 25% on standard rewards. A complimentary monthly Market Report offers detailed analysis and forecasts for those seeking insights into market trends. VIP Support ensures personalised and priority assistance for members of the most exclusive clubs. 

Traders can also benefit from Smart Trades, which are advanced tools that automate algorithmic trading. They allow up to 10 trades to be executed simultaneously.

On a practical note, the Tax Report helps members manage capital gains realised from cryptocurrency investments, offering discounts of up to 80%. Club members can also make free card deposits, with the number allowed depending on the club level, further reducing operating expenses.

The benefits of Young Platform Clubs with big brands

In addition to direct benefits, the clubs collaborate with major brands to provide exclusive offers. For instance, NordVPN offers up to 78% discounts to protect your online browsing and data. Freename allows you to register customised NFT domains with a credit of up to $220. 

For travel enthusiasts, WeRoad discounts up to €450 on group adventures, while Saily eSIM enables you to use 5GB of data to stay connected while abroad. Culture lovers can enjoy discounted access to museums and attractions through Tiqets, with up to 12% savings. For those who are into fitness, BuiltDifferent offers coupons for workout classes, personalised nutrition plans, and more.

Additionally, HelloFresh can deliver fresh ingredients and ready-made recipes for healthy and delicious meals suitable for your home.

The advantages of the clubs go beyond immediate benefits and continually evolve with the addition of new partners and features, making Young Platform Clubs a versatile and constantly improving resource for all members. 

To compare membership plans and benefits, please visit the Clubs page.

The price of clubs: blocking, not spending

You do not need to spend your YNG tokens to join Young Platform Clubs. Instead, you simply need to buy them and lock them in your wallet for the duration of your membership. This approach allows you to maintain complete control over the value of your assets, as the tokens remain your property and can be unlocked at any time after your minimum 90-day membership period.

Starting February 4, 2025, the number of YNG tokens required to access the Clubs will be dynamically calculated based on the token’s market price. This system ensures a sustainable balance between supply and demand, making your economic commitment proportional to the actual value of the token. If the price of YNG increases, the number of tokens required will decrease, and conversely, if the price decreases, the number of tokens needed will increase accordingly.

With this solution, Young Platform keeps the Clubs accessible and flexible while supporting the growth of its ecosystem.

How the commission discount works

Young Platform automatically applies a club commission discount to users’ buy and sell orders. This benefit is advantageous for active traders who frequently execute trades and long-term investors, such as those using an accumulation plan with recurring automatic purchases. By reducing transaction costs, this discount helps optimise the overall performance of trading strategies.

The discounts are progressive and vary based on your Club level, ranging from 30% to 90% off commissions. If you qualify for a higher discount than your current Club level, the platform will automatically apply the more favourable rate, ensuring you always receive the best possible conditions.

Commissions are also discounted on Young Platform Pro, the advanced trading platform. These discounts apply to a maximum trading volume of EUR 50,000 over the last 30 days; standard commission rates apply beyond this threshold.

With this flexible and automated approach, Young Platform’s Clubs optimise the experience for every type of investor, making the ecosystem more accessible and convenient. The discount level can be checked by visiting the Clubs section on the site.

Upgrading, Downgrading and Unsubscribing from Clubs

Joining a Young Platform Club is a flexible choice that adapts to your needs and does not require a fixed commitment. You can easily upgrade to a higher level, move to a lower-level Club, or unsubscribe altogether, all while retaining complete control over your YNG tokens.

Upgrade

If you want to access the benefits of a higher Club, you can do so at any time by adding the necessary amount of YNG to meet the minimum requirement for the new level. For example, if you are a member of Club Silver with 5,000 YNG blocked and want to upgrade to the Gold level, simply block an additional 5,000 YNG. This grants you immediate access to the new benefits without waiting for the current membership period to expire, which will automatically renew for another 90 days after the upgrade.

Downgrade

The process is straightforward if you prefer to downgrade to a lower level. After you cancel your Club membership at the end of the minimum 90-day period, your YNG tokens will be unlocked and transferred to your Main Wallet. You can use them from there to join another Club or participate in other trading activities. Please note that once you leave a Club, you will lose all associated benefits, such as commission discounts or staking bonuses.

Unsubscribe

Unsubscribing is also designed for flexibility and simplicity. Once you unsubscribe, your YNG tokens will immediately be available for trading or other uses, but you will lose access to Club benefits. For instance, in the case of staking, you will continue earning standard rewards but no longer receive additional bonuses linked to your membership level.

This system combines ease of management with continuity of benefits, ensuring that Young Platform Clubs are ideally suited to your needs and investor profile. Whether you choose to upgrade, downgrade, or unsubscribe, you always have the opportunity to optimise your use of YNG tokens and make the most of the ecosystem.

You can consult the dedicated guides if you have further questions about clubs.

To look at the YNG Clubs and Token, sign up for Young Platform. 

Club advantage: create your perfect training programme with Builtdifferent

Maximise the benefits of Builtdifferent for training and nutrition. Enjoy exclusive discounts through Young Platform’s Club Advantage!

January has always been the month of resolutions, often focusing on two fundamental aspects of our lives: health and finances. How many times have you told yourself, “This year, I’m going to get in shape!” or “I absolutely must stop smoking,” or “By 20xx, I need to be able to buy a house”?

The challenge? Transforming desires into tangible results is often more complicated than it seems. It’s not easy to resist that tempting dessert after dinner when it pushes us over our daily calorie limit. Similarly, it’s just as hard to refrain from purchasing that tech gadget or piece of clothing that we simply don’t need.

To address this issue, we sought a solution that merges self-care with financial savings, partnering with the leading fitness and nutrition app in Italy. This led to the collaboration between Young Platform and Builtdifferent.

Please be aware that Builtdiffernt is exclusively available in Italy.

What is Builtdifferent?

Builtdifferent is an all-in-one fitness platform that provides customised training services and nutrition plans, all at a fraction of the cost of a traditional in-studio personal trainer. With a simple subscription, you can benefit from the following:

  • Dedicated Coaches: Certified Personal Trainers who are committed to guiding you on your fitness journey.
  • Qualified Nutritionists: Professionals who create a tailored, balanced diet plan for you.
  • 24/7 Chat Support: Reach out to experts anytime for advice, program adjustments, or motivation.

In summary, Builtdifferent considers 17 variables and four training styles to develop gym workout plans suitable for both beginners and experienced athletes. Additionally, the nutrition plans adhere to principles used by professional dietitians, ensuring you maximise your gym results.

Builtdifferent for Clubs

Now, here comes the most exciting part: as a member of our Clubs, you are entitled to a progressive discount based on the loyalty program you belong to. Specifically, you can access a three-month subscription to Builtdifferent, which normally costs €79.99, at a reduced price of:

  • Club BRONZE: 64,99€ (15€ discount);
  • Club SILVER: 59,99€ (20€ discount);
  • Club GOLD: 49,99€ (30€ discount);
  • Club PLATINUM: 34,99€ (45€ discount).

Additionally, you can utilise a free 14-day trial period to fully understand the service’s functionality and quality before making a purchase.

The discount is also available for both six-month and yearly subscriptions. 

How it works

  • Visit Builtdifferent.com (the promotion can only be activated through the website).
  • Register for an account or log in.
  • Complete the questionnaire by providing your personal information and eating habits.
  • Enter the discount code you received via email in the ‘Add promotional code’ box just before checkout.
  • Start your 14-day free trial.
  • You will be charged the discounted rate based on your membership level at the end of the trial period. You can cancel your subscription at any time before the trial ends.

IMPORTANT NOTICE

The discount is not valid for the monthly subscription. This offer is only valid if you complete registration and payment from your desktop. The discount cannot be transferred.

What are you waiting for? 

Take advantage of this once-in-a-lifetime opportunity to secure a truly unique product that provides you with an effective training plan and diet at a surprisingly affordable monthly cost. P.S. We are committed to educating our audience about how to maximise the benefits of the products we offer in partnership with Builtdifferent. Check out their Instagram profile, @Builtdifferent, for entertaining and informative content on training and nutrition.


The Gems of Young Platform are about to change their faces!  All you need to know.

As of January 31, gems will be reset and will no longer be used for purchasing fee discounts. Instead, they will play a key role in rankings, prizes, and competitions within the app.

The New Year is set to bring many surprises for you and the entire community. We are excited to announce contests and competitions that will enable you to compete against other users and win amazing prizes. The first of these initiatives will launch in February. While we can’t share too much just yet, we can reveal that Gems will play a central role in this challenge. Are you ready to participate?

Gems reset on all accounts.

As of January 31, all Gems will be reset to ensure that everyone starts at the same level in future competitions. This reset represents an opportunity to create a fair and exciting environment where every user has an equal chance to rank among the winners. With this change, the reward system will be more transparent and accessible, offering a refreshing new experience on the platform.

Before this change can happen, we must utilise the gems we have gathered so far! 

Please note that competitions, prizes, and rankings will only be accessible in the app. If you haven’t done so yet, download Young Platform!

Download the app!

How to exploit Gems before 31 January

If you have accumulated Gems, now is the perfect time to use them! You have until January 30, 2025, to take advantage of the benefits. Here’s how:

  • Redeem completed Quests: Log into the app and redeem all available Gems.
  • Spend in the Shop: Use your Gems to purchase fee discounts and save on trading costs.

Remember to plan your budget: The fee rebates you buy in the Shop are valid for 24 hours, so ensure you have funds ready for trading. If necessary, make a deposit into your account before purchasing the discounts!

If you are a Club member and purchase a higher discount, the highest available discount will be applied. As a general rule, you can use the most beneficial discount available to you.

WARNING: All incomplete, unredeemed Quests and unused Gems will not be available after 31/01.

Why join a Club before February 4?

Lock in a 100% fee discount forever!

If you’re considering switching to Club Platinum or signing up, now is the ideal time to act! Starting January 4, Club Platinum will reduce the fee discount from 100% to 90%. However, anyone who signs up by February 3 will retain the benefit of a 100% fee discount forever, just like current Club Platinum members. For them, nothing will change, and they will continue to enjoy the 100% fee discount without any alterations.

Take advantage of this unique opportunity now! Read the in-depth article to learn more.

Please note: The discount remains valid as long as you continue to be a Platinum Club member.

Club price changes

Starting February 4, 2025, a new system for calculating club membership costs will be implemented based on the price of the YNG token. 

If you join a club before February 4, you will lock in the current amount of YNG tokens required for membership. For instance, at today’s price of €0.15 per YNG, you could join Club Silver by using 5,000 YNG tokens, which is approximately €750. However, after the new pricing structure is introduced, you would need 8,000 YNG tokens to join Club Silver at the same price of €0.15 per token, resulting in a cost of €1,200. 

For more details, read the in-depth article.

Prepare your 2025 on Young Platform!

Don’t miss the chance to make the most of the Gems and Club benefits before the changes. Sign up now, use your accumulated Gems and get ready to compete and win. 2025 on Young Platform will be a year full of opportunities!

Update on Club Platinum discounts for new members, effective 4 February

The update on the Club Platinum fees discount

Discount on Club Platinum fees: what’s changing from 4 February

Young Platform is working to lay the foundations for what will become the most significant transformation our community has ever experienced. This evolution necessitates adjustments to some of the rules and parameters governing the loyalty programmes of our exchange. One of the key updates involves the Club Platinum membership.

New terms for Club Platinum

Starting 4 February, Club Platinum will no longer offer a 100% discount on buy-and-sell fees but a generous 90% discount. This is a small change, but it offers numerous unique opportunities for both current members and those looking to join the Club!

For existing Club Platinum members

Are you already part of Club Platinum? Fantastic! For you, the 100% discount on fees will remain unchanged. Your account will not be affected. However, take note: if you choose to leave the Club and later rejoin, you will lose your exclusive right to the 100% discount, and the new terms will apply.

For those joining before 3 February

This is your golden opportunity! If you join Club Platinum (or upgrade from Club Bronze, Silver, or Gold) by 3 February, you can secure the 100% fee discount just like current members. Lock in your access to the Club before any increases and enjoy one of Young Platform’s most exclusive plans.

The new rebalancing mechanism for Young Platform clubs

And there’s more! From 4 February 2025, Young Platform will introduce a new system to determine the number of Young (YNG) tokens required to access the Clubs. This dynamic mechanism will adjust the requirement based on the market price of YNG, ensuring greater flexibility and optimal balance between supply and demand.

How the rebalancing works

  • Price increase: If the price of YNG rises, the number of tokens required to access the Clubs will decrease. An adjustment factor will ensure the reduction is balanced.
  • Price decrease: If the price of YNG falls, the number of tokens required will increase proportionally.

This model is based on YNG’s launch price (€0.24) and will not affect the requirements for those already enrolled in a Club.

Why it’s worth joining Club Platinum now

Let’s look at an example.

Today, the price of the YNG token is €0.15. With a budget of €3,750, you can purchase approximately 25,000 YNG—enough to join Club Platinum. After introducing the new economic model, if the price of Young (YNG) remains unchanged, the required number of tokens will increase to 40,000. This ensures that the euro value of Club memberships remains aligned with the original pricing.

  • Club Platinum price at the launch price of €0.24: 25,000 YNG x €0.24 = €6,000
  • Club Platinum price at the current price (€0.15): 40,000 YNG x €0.15 = €6,000

But there’s more! Starting in February 2025, Club members will benefit from competitive advantages in upcoming prize contests. Additionally, with the arrival of the Young Platform card and account, Club members will gain access to exclusive benefits, making their experience even more rewarding.

This is your final opportunity to secure one of Young Platform’s most affordable and exclusive plans. Don’t miss it!

The new rebalancing mechanism for Young Platform’s Clubs

The new rebalancing mechanism for Young Platform’s Clubs

How many Young (YNG) Tokens are needed to join Young Platform’s Clubs?

From 4 February 2025, the number of Young (YNG) tokens required to access Young Platform’s Clubs will dynamically adjust based on the token’s market price. This new mechanism, first announced in the 2024 Q3 Report, aims to achieve an optimal balance between supply and demand while offering greater flexibility to users.

What does this change mean for Club Members?

If you’re already a Club member, don’t worry! The amount of YNG tokens you need to hold will remain unchanged. You’ll continue to enjoy all your membership benefits regardless of future changes to YNG’s price.

However, if you are considering joining, you should act quickly. Once the new mechanism is live, the YNG required to become a member is expected to increase.

Rebalancing Token Requirements for Club Membership

Since their introduction in May 2022, the amount of YNG required to join the Clubs has remained constant, calculated based on the token’s launch price of €0.24. But with the ambitious goals we’ve set for 2025, it’s time for an upgrade.

Why change the required amount of Tokens?

YNG is the beating heart of our ecosystem, and the Clubs are one of the main incentives for users to hold it. The new mechanism will ensure that the monetary commitment required for membership aligns more closely with the token’s market value.

JOIN A CLUB 

This adjustment is necessary for several reasons. The most evident is ​​a potential appreciation of YNG, which could make the Clubs practically inaccessible. Imagine what might happen if the price of the Young (YNG) token were to reach €3. To join the Silver Club, you would need to freeze tokens worth €15,000 to join the Silver Club and $75,000 for the Platinum Club.

How does it work?

Here’s how the new “pricing” mechanism for Young Platform’s Clubs will function:

  • If the price of Young (YNG) increases, the number of tokens required to join the Clubs will decrease. An adjustment factor will be applied to ensure that the necessary amount of YNG remains consistent, even in extreme token price growth cases. We are finalising the last tests to validate this model section under high-volatility scenarios. We will publish the final document containing formulas and projections before the mechanism goes live on 4 February 2025.
  • If the price of YNG decreases, the number of tokens required will increase proportionally.

This model will be applied to the current thresholds, which were determined based on the initial listing price of €0.24:

  • Bronze: 1,500 YNG
  • Silver: 5,000 YNG
  • Gold: 10,000 YNG
  • Platinum: 25,000 YNG

What happens to existing Members?

As previously mentioned, for Club members who do not intend to change their current status, the amount of Young (YNG) tokens required to remain in the Club will not change. Once you’ve joined a Club, your membership will remain valid even if the token’s price fluctuates.

This system balances accessibility and user commitment while offering an advantage to early adopters who have joined (or will join) the Clubs before introducing new features.

Why should you join the Clubs now? A practical example

Let’s take a concrete example to understand the new mechanism’s impact better.

Imagine you want to join Young Platform’s Silver Club today. You decide to invest approximately €700 because you want to:

  • Trade cryptocurrencies with reduced fees.
  • Earn extra APY on staking.
  • Benefit from discounts on our crypto tax-related services.
  • Current price of YNG: €0.12
  • Tokens purchasable with €700: approximately 5,800 YNG, enough to join the Silver Club.

But what will happen after 4 February 2025?

It’s essential to note that the number of tokens required to join the Clubs has been calculated based on YNG’s launch price of €0.24. When the rebalancing mechanism is activated, the token amount will be adjusted to account for the difference between that launch price and the current market value.

Specifically, the “euro value” of each Club’s original entry price is derived by multiplying the required YNG by its launch price (€0.24):

  • Bronze: €360
  • Silver: €1,200
  • Gold: €2,400
  • Platinum: €6,000

If, for example, YNG’s price at the time of the mechanism’s activation is €0.12 (50% lower than the launch price of €0.24), the amount of YNG required to join the Silver Club will increase by 100%. This means you would need 10,000 YNG instead of the current 5,000 YNG, and your budget of €700 would no longer be sufficient.

How about extreme price growth?

As mentioned, if YNG’s price exceeds the €0.24 threshold, an adjustment factor will reduce the required token amount. This ensures that the decrease is not strictly proportional to the price increase, maintaining fairness.

Final thoughts

The new rebalancing system represents a critical step in growing our ecosystem, particularly given the increased user base we expect following the launch of new features. Providing fair and balanced access to the Clubs is essential to this vision.

Have you chosen your Club yet? Don’t wait too long—membership could soon become more exclusive and expensive.


This is how Donald Trump capitalised 12 billion in two days with his meme coin

Donald Trump's meme coin on Solana

Donald Trump surprised everyone by announcing the launch of a meme coin on Solana. Find out the price, capitalisation, and why this move is shaking up the entire crypto market.

Without warning, on the night between Friday and Saturday and thus just days before his inauguration into the White House, Donald Trump made an announcement that shook the cryptocurrency world. The 47th US president unveiled that he had launched a memecoin called Official Trump (TRUMP) on Solana, which surpassed a capitalisation of $12 billion within hours.

Some investors initially thought it was a prank or a hacking attack on social channels. Yet confirmation came directly from CIC Digital LLC, the same entity already handling the launch of the tycoon’s NFT collections.

The token was launched with Trump’s image inspired by the July assassination attempt in Butler, Pennsylvania, a commercial initiative that has split the world between those who criticise the operation as a blatant attempt to profit from the office he is about to occupy and those who espouse the idea of a celebratory instrument of victory.

Officially ‘Official Trump (TRUMP)’: ‘presidential’ token on Solana

The idea behind Official Trump (TRUMP) is quite clear: to establish itself as Donald Trump’s only ‘official’ memecoin. According to the information provided by the team, the token’s distribution foresees an initial availability of 200 million TRUMP from day one, intending to extend the total supply to 1 billion within three years.

  • Updated price: according to the latest figures, 1 TRUMP is around $53
  • Trading volume: in the last 24 hours, the Trump meme coin has recorded around $51 billion. A record for the industry.
  • Distribution: According to the meme coin’s website, 80% of the coin’s supply is owned by CIC Digital LLC, an affiliate of the Trump Organisation, and Fight Fight LLC, a company incorporated in Delaware on 7 January. According to documents filed by the state, both companies will receive an undisclosed share of trading revenue.

Trump announced the launch of his token on social media: ‘It’s time to celebrate everything we stand for: WINNING! Join my special Trump Community. GET YOUR $TRUMP NOW.’ Within hours, the token quickly entered the market’s top 20 cryptos by capitalisation. 

The legal notes specify that the tokens are not regarded as ‘an investment opportunity’ or ‘a security’ but rather as an expression of support and commitment to the ideals and beliefs embodied in the ‘$TRUMP’ symbol.

Market and community reactions

Public opinion remains divided:

  • Pro: Supporters see TRUMP as a way to democratise access to digital assets and celebrate a prominent political figure.
  • Cons: Critics fear using presidential power for commercial purposes, raising ethical and regulatory concerns.

Criticism and scepticism

Many analysts and investors have expressed doubts about the operation. Nick Tomaino, a venture capitalist and former Coinbase executive, said, “The fact that Trump owns 80% of the tokens and launched them in the run-up to the inauguration is predatory, and many could suffer losses.”

The Kobeissi Letter, a well-known industry analyst, also commented negatively on X, describing the operation as ‘bordering on insanity’. In particular, it pointed out how the launch of $MELANIA, another meme coin linked to the Trump family, resulted in the pulverisation of $7.5 billion in just 10 minutes.

Support and celebration

On the other hand, the community of Trump supporters sees this initiative as a symbol of victory and celebration. With the slogan ‘It’s time to celebrate everything we stand for: WIN!”, Trump has attracted thousands of buyers, fuelling the hype around the project.

The launch of $MELANIA competes with $TRUMP

The launch of $MELANIA, which took place just over 24 hours after Trump’s, has unexpectedly impacted the market, prompting some traders to sell the $TRUMP meme coin to bet on a new target. “The official Melania meme is available! You can buy $MELANIA now,” was written on X and later shared by Trump.

Immediately after the debut of $MELANIA, the value of $TRUMP plummeted by more than 50%, from $75 to $30. In the following hours, it gradually rose again to around $64. Meanwhile, the market capitalisation of $MELANIA reached an impressive $13 billion.

From sceptic to crypto supporter?

Trump had previously criticised Bitcoin and the entire cryptocurrency industry, calling them ‘scams’. However, during the election campaign, he radically changed course, calling himself the ‘cryptocurrency president’ several times and becoming the first presidential candidate to accept cryptocurrency donations.

Following this interest, Trump launched a DeFi project on Ethereum called World Liberty Financial. However, in that case, Trump family members neither owned the platform nor held official roles in the company.

In addition, he declared his intention to use his executive powers to reduce the regulatory burden on companies in the cryptocurrency industry and announced the formation of a new dedicated advisory board. 

Among his plans is an executive order recognising Bitcoin and the crypto sector as national policy priorities. The order would invite government agencies to collaborate with the industry and establish a federal reserve for Bitcoin, allowing the government to buy and sell cryptocurrency. 

What happened this weekend in the world of decentralised finance also impacted the price of Bitcoin, which recorded a new all-time high at $109,500. 

Trump Token: the latest step in campaign merchandising

The Trump meme coin is the newest addition to the growing merchandising line, which already includes products such as perfumes, colognes, the ‘Trump Watches’ (with a value of up to $100,000), as well as silver coins, limited edition trainers, Trump-branded Bibles and collectable NFTs. NFTs and Trump-branded guitars alone generated 11.8 million in revenue.

How did the other ‘Trump tokens’ react?

The news did not fail to wreak havoc on cryptocurrencies already using Trump’s name or image—projects that originated well before TRUMP‘s official launch. Despite enjoying a surge in popularity in the past months due to the tycoon’s political and other exploits, many of these tokens experienced an immediate slump in value in favour of the more ‘authentic’ mem coin signed by CIC Digital LLC.

  • Fluctuating performance: within hours of TRUMP’s official presentation, the other Trump-themed coins showed a decline in trading volumes.
  • Possible consolidation: Some ‘unofficial’ projects may attempt rebranding or collaborate to distinguish themselves. However, competing with the original ‘Trump brand’ could be a complex challenge.

What happens now?

The media effect generated by this meme coin is already evident: Official Trump (TRUMP) has catalysed the attention of the press and social media, fuelling the debate on how political leaders can influence (and sometimes distort) crypto markets.

The following steps could concern:

  1. New exchange listings: capitalisation could increase further if $TRUMP were to land on high-volume trading platforms.
  2. Utility development: beyond the ‘meme’ dimension, the project could evolve with additional functionalities, such as staking, governance or synergies with the NFT world.
  3. Regulations: The hypothesis that a sitting US president publicly supports a meme coin raises several regulatory questions, especially given the propensity of some authorities to monitor digital assets closely.

What are meme coins

Memecoins are cryptocurrencies inspired by memes, jokes or viral internet phenomena. Unlike utility tokens, meme coins are often created to exploit the popularity of a meme or community. Two of the most famous examples are Dogecoin, created as a joke based on the Shiba Inu dog meme, and Shiba Inu, developed as a direct response to Dogecoin.

These cryptocurrencies are often launched with motives related to humour or the desire to ride a trend. Their value is mainly based on community support and speculation rather than real utility or technological innovation. The price of a meme coin is fuelled by the demand and hype of the moment, making it highly volatile.In conclusion, the launch of Official Trump (TRUMP) represents a unique case in the crypto landscape, with implications beyond the meme coin market. The main question remains whether this operation will set a new standard for using cryptocurrencies by political leaders and public figures or whether it will be just a controversial interlude in the crypto world.

The purchase of $TRUMP is highly speculative and carries a significant risk of loss. The value of $TRUMP is subject to high volatility and may fluctuate drastically over short periods. Please note: $TRUMP is a meme coin, a cryptocurrency based on an internet meme, and its value may be influenced by factors unrelated to economic fundamentals. The cryptocurrency market is largely unregulated, and buyers have limited protection in case of losses. The information provided in this newsletter does not constitute financial advice. You should consult a qualified financial advisor before making any purchase decision. Only invest what you can afford to lose, and fully understand the risks associated with cryptocurrency purchases, especially meme coins, before proceeding.

Young Platform launches its B2B services

b2b services

Young Platform launches its B2B services, expanding access to cryptocurrencies for businesses

Italy’s leading cryptocurrency scaleup unveils new platform features created to improve conversion, account management and trading for companies and financial institutions

TURIN, 20 September 2023 – Young Platform, the Italian cryptocurrency scaleup, announces the launch of new platform services dedicated to the business market. The decision to open up for the first time to corporate customers represents an unprecedented and significant step in the mission of the crypto-company, already Italy’s leading exchange community with over 2 million members among the consumer public, which has always been committed to making blockchain technology and cryptocurrencies accessible to people and now also to businesses and institutions.

Over the past two years, an increasing number of businesses and institutions have begun to recognise crypto, specifically Bitcoin, not only as an investment asset, but also as a fundamental transaction tool for the digital age. It is also for this reason that Young Platform has designed three innovative services aimed at the specific needs of companies that want to get closer to this world and the crypto user audience, providing tailor-made solutions to improve operational efficiency and financial management. 

One of the main new services offered to the business world is Euro Only, for receiving cryptocurrencies without being exposed to the uncertainty of market volatility. This is made possible by the instant conversion into euros, which provides adequate protection from fluctuating cryptocurrency prices. Business management is also simplified by the Sub Account service, which offers companies the possibility of creating several accounts from one Master Account.

Young Platform also offers an OTC (Over The Counter) service, a secure and customised option for cryptocurrency trading. This functionality provides companies with access to instant liquidity and competitive pricing, enabling efficient and convenient trading.  

The integration of all these services is supported by ‘tailor-made’ professional training programmes designed to help companies develop in-house skills that are crucial for successfully implementing blockchain technology solutions in different business models.

According to a 2023 report by CoinDesk, the number of financial institutions investing in cryptocurrencies has doubled since 2021. Large companies such as Tesla, Square and MicroStrategy have led the way, investing billions of dollars in Bitcoin. Meanwhile, agencies such as JP Morgan and Goldman Sachs have introduced cryptocurrency services to meet the demand of their clients. Even in the retail sector, companies such as Starbucks and Amazon have begun accepting payments in cryptocurrencies, signalling a wide acceptance of the industry’s assets. 

Research conducted by Coinbase and The Block (The State of Crypto: corporate adoption, June 2023) revealed that more than half (52%) of the world’s largest and most successful US Fortune 100 companies have undertaken crypto, blockchain or web3 initiatives since early 2020. About 60 per cent of the Fortune 100 initiatives reported since the beginning of 2022 are in the pre-launch phase or already launched. Looking ahead, 83% of US Fortune 500 executives surveyed who are familiar with cryptocurrency or blockchain say their companies have initiatives underway or are planning on them. About two-thirds (64 per cent) say investing in these technologies is important to stay ahead of the competition. These companies innovate and invest in these technologies because they know that the financial system needs an upgrade and that blockchain can be a solution. 

Merchants and businesses accept Bitcoin as a form of payment and the infrastructure is increasingly user friendly, for the average user, thanks to the development of wallets, exchanges and marketplaces that have removed the technical barriers present in the early years of crypto. Private companies hold $11.1 billion worth of Bitcoin, about one-fifth of the $50 billion held in Etf, states and public and private companies, according to a VanEck report (The Investment Case for Bitcoin, September 2023).

Entering the world of cryptocurrencies offers companies the opportunity to access a new group of digital native consumers, improve payment efficiency and hedge against inflation. In addition, adopting cryptocurrencies allows companies to participate in the decentralised finance revolution, giving them the opportunity to leverage new business models and innovative technologies.

“We are proud to be able to extend the financial democracy of the crypto world to businesses and institutions. This represents a crucial step towards our vision of a future where cryptocurrencies are accessible to all, says Andrea Ferrero, CEO and co-founder of Young Platform.

“The world of cryptocurrencies can open many doors for businesses and institutions. Thanks to Young Platform, you can now explore these opportunities in a secure, transparent and compliant manner. We are committed to guiding our customers through an ever-evolving financial world by providing innovative tools and unparalleled support,” comments Mariano Carozzi, Chairman of Young Platform.

With its ever-expanding offering, Young Platform continues its commitment to adoption to an ever-widening audience.

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