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The Graph (GRT) lands on Young Platform!

the graph

The secret weapon of all dapp developers? The Graph, the protocol that makes data on the blockchain quickly available. Now on Young Platform!

GRT, the token utility of The Graph, the protocol that encourages and facilitates the creation of dapps for Web3, is now available on the Young Platform exchange. 

What is The Graph?

The Graph is an open-source protocol to collect and make accessible blockchain data in a decentralised manner. One of the strengths of the blockchain is that the information circulating between blocks is public, however, even if this data is accessible to everyone, retrieving it can be complicated. There are two ways to find a piece of data on the blockchain, the first is to look through the entire history of the chain (a very long process), the second is to use blockchain explorers. These tools, however, such as Etherscan, are software owned by companies, centralised entities that require a licence. The third way is The Graph, called by many the “Google of blockchain“. 

The Graph works as an index for the Web3, it is a registry of ordered and easily findable data active since December 2020. Why is it so useful to have this kind of data at hand? Because developers can use it to build performing and complex decentralised applications. The Graph protocol was created with the aim of facilitating their work: companies using The Graph make their data, their APIs and their programming tools readily available. In this way, data useful to other apps is decentralised and easy to find, which makes the apps faster and therefore more user-friendly. 

What is GRT?

GRT is the utility token of The Graph. GRT is an ERC-20 token, built on Ethereum, which will be used for governance and in the internal economy of The Graph. 

The collection of information and its organisation is the work of different players: there are indexers who index the data or curators who select the most significant data. But also delegators, fishermen and arbitrators. They are incentivised to do their job better through rewards in GRT. On the other hand, users who want to access the data collected by The Graph pay fees in GRT. 

Why have we chosen GRT?

The Graph is a crucial tool for building a decentralised version of the internet, where information is the building block, the essential base from which to build. The Web3 needs resources like these that encourage all those who have an idea and want to implement it on blockchain. There are already many dapps using The Graph’s protocol, including Decentraland, Uniswap, Sushiswap and ENS. 

Available pairs?

  • GRT-EUR
  • GRT-USDT

Want to know more?

Read the Academy article on The Graph!

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Academy gets a makeover: brush up on your knowledge!

academy

Young Platform Academy is the gateway to learning all about cryptocurrencies, with simple explanations for everyone

On the Young Platform Step app, you can take quizzes based on its articles and, on the Young Platform exchange, Academy serves as an essential sidekick to trading consciously.

Why Academy is your best friend

We will never tire of emphasising the importance of reading up and doing some research when approaching the world of cryptocurrencies. 

There are plenty of reasons to do so: 

  1. The fascination of new technologies
    The best reason is the simplest one: who wouldn’t be intrigued by how a blockchain works? There is so much to discover and everyone can do it!
  2. Knowing what you are buying
    This is fundamental. Would you ever buy shares in a company you’d never heard of before? Let’s hope not! 
  3. Operating safely in the industry
    Once Young Platform enables you to get your first cryptocurrencies, a whole new world opens up to you beyond exchanges. It’s good to understand how it all works and the risks involved before you dive in.
  4. Understanding what’s going on in the world and staying up to date
    You’ve probably seen how much news comes out of our Blog. If there’s a topic that comes up often, after you’ve read more about the Academy, you can follow its development on the Blog. 
  5. Get YNG tokens with quizzes
    All of this sounds great, but you’re feeling lazy? You should know that on Young Platform Step reading the Academy allows you to earn tokens with quizzes!

Curiosity, security and profit – do you need more?

The first Academy update

With this in mind, the site has been restructured mainly from a technical point of view. Performance has therefore been improved, but so has navigability. 

In fact, the first improvements have been made to the overall site experience, including the new Categories, which are easily visible on the homepage.

You can now even filter by Tags: when you see a tag next to an article saying for example “DeFi” or “Crypto Market” click on it to see all articles with that tag.

You will also find differences when reading the individual articles: the “You’ll learn” has been merged with the interactive index, and at the bottom, you will find related articles.

But it doesn’t end there: content updates, a new look and a new language are coming.

Keep following the weekly publications, also available on Step and Young Platform!

Read the latest article on Algorand!

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Algorand (ALGO) lands on Young Platform!

Algorand ALGO arriva su Young Platform

From today on Young Platform and Young Platform Pro, you can buy ALGO, the Algorand token, the environmentally friendly and scalable blockchain.

Young Platform’s exchange welcomes ALGO! If you’re not already familiar with Algorand and all its features, this listing is the perfect opportunity to find out if it’s the blockchain for you!  

What is Algorand?

To understand what Algorand’s blockchain is made of, we can focus on two concepts: decentralised finance and the scientific study of blockchain. The first aspect tells about its main applications, in fact, more than 600 global organisations use Algorand’s tools to offer financial services or protocols and dapp for DeFi, decentralised finance. 

The second describes a distinctive approach of Algorand, namely its close ties with universities and academia. The blockchain team is made up of leading research figures and Algorand’s founder, Silvio Micali, won the Turing Award in 2012 for his studies on cryptography. 

Algorand is also an environmentally friendly blockchain, its consensus mechanism, the Pure Proof-of-Stake, requires a reduced amount of energy and in general, Algorand is committed to zero environmental impact. 

What is ALGO?

ALGO is Algorand’s native token and has huge importance in the working mechanisms of the blockchain and its services. First, all Algorand nodes must have staked a certain amount of ALGO to validate transactions, which is the first major function of the token. What is ALGO also used for? To pay network fees and hosted protocol services, and participate in blockchain governance. 

Why have we chosen ALGO?

Algorand has been chosen by many fintech companies, start-ups and institutions as a technology base on which to build their projects. Since it also involves centralised institutions, it seems to be a bridge between classic and decentralised finance. By connecting these two worlds, each with its own needs, Algorand is the right place to build innovations. Moreover, the enormous growth of this blockchain is supported by its community, which ensures that everything is in line with Algorand’s long-term vision of the future of finance. 

Available pairs?

ALGO-EUR

Want to know more?

Read the Academy article dedicated to Algorand!

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Profit & Loss lands on Young Platform!

profit and loss

Today we are introducing a feature that is a little different from the usual. This time it’s not about making trades or discovering new coins. We want to give value to what you already have on the Young Platform exchange.

Profit&Loss is in fact a feature of the new Analytics section, which we have introduced to help you manage your wallets and purchases with greater awareness.

The performance of your cryptocurrencies is now more immediate!

Let’s take a look at these analytics one by one.

Profit&Loss

The “Profit & Loss” expresses precisely the “profits” and “losses” you are making on both the Total Balance (i.e. all your crypto wallets) and on each specific crypto Wallet. Thanks to the chart and the automatic calculation of the overall balance (expressed in Euros), you will immediately be able to tell whether you are making a loss or a profit.  

In the Analytics section, you have performance data on the Total Balance, with a particular focus on which cryptocurrency is generating you the most gains and which is causing you significant losses. If you open a specific Wallet, you will see the performance of the individual cryptocurrency.

P&L is a great tool that can help you monitor the performance of your wallets and make timely decisions to rebalance the distribution of your money.

How is the P&L calculated?

The P&L of a single cryptocurrency is calculated on the basis of two figures: 

  1. The current Market Value of your Wallet (the Ethereum balance, for example)
  2. The Average Cost you paid to get what you have in your Wallet. 

(Wallet Value – Wallet Cost) / Wallet Cost = P&L%

Example

Overall I have 0.5 ETH.

To acquire them I spent on average €1000.

At the current market price, those ETH are worth €1080

My P&L since my first purchase is €+80

Or, in percentage: (1080 – 1000) / 1000 = 0,08 = +8%

Average purchase price

This is also a value that has been highly requested by our community.

It simply averages the prices at which you have bought a coin over time. It is from this value that the P&L is calculated.

It is very useful to monitor this if you make recurring purchases of a certain cryptocurrency, for example. Find out in the Wallet section!

Statistics

From the Young Platform home page, under the new Analytics section you will also see the Statistics.
These cover the composition of your Wallets, illustrated by interactive pie charts.

Want to find out how your balance is distributed between your Spot Wallet and your Money Box?

How much space does Ethereum take up in your total balance compared to Bitcoin?

You’ll get all the answers at a glance!

Read the Support Guide

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7 rules to secure your cryptos on Young Platform

sicurezza young platform

Security is very important to Young Platform, which is why we create content and features to help you properly guard your cryptocurrencies.

We’ve put together this handy checklist to help you make sure you’ve completed all the necessary steps to secure your Young Platform account. If you don’t know how to do this, the guides will explain all the steps in a simple way.

Your Security Checklist

1.  A unique, complex and hard-to-guess password

Scegli una password non legata in nessun modo alle tue informazioni personali, come ad Choose a password that is not linked in any way to your personal information, such as your date of birth or your children’s names. Also, use a unique password that you don’t use for other accounts. Read the guide.

2.  2-factor authentication

2-factor authentication is one of the most robust security systems we have today for managing our accounts on the internet. If you haven’t set it up yet, go to the Guide.

3.  Set up a PIN or FaceID

Make your account even more secure by setting your Face ID or PIN to access the Young Platform app. If you don’t know how to set it up, follow the simple steps in this Guide.

Be wary of people calling you on the phone!

4. Never give your credentials to anyone!

No member of the Young Platform Team will ever call you on your mobile phone to ask for your login credentials or any security code and most importantly, will never ask you to perform a transaction during the call.

5. Don’t trust anyone who calls you on your mobile and asks you to send them your cryptocurrencies!

No member of the Young Platform Team will ever call you on your mobile phone and ask you to send money to an external wallet address.

6. 3rd level identity verification

Only in case you apply for Level 3 Verification or higher, a Young Platform Team member may call you to complete the process together with an interview. Again, under no circumstances will you be asked to move money or your cryptocurrencies.

7. If you have any doubts, ask the Team for support now!

If you have any suspicions or concerns, before you make any withdrawals from your account and send your cryptocurrencies to someone you don’t know, open a support ticket. Our team will help you immediately.

Dive deeper on the Academy

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

young platform arithmos

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

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

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

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

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

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

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

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

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

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

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

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Ethereum Name Service (ENS) lands on Young Platform Pro!

ens listing

On Young Platform Pro you can now find ENS, the Ethereum Name Service token for personalised blockchain domains.

Today’s listing is for ENS, the Ethereum Name Service token, the platform to claim domains on blockchain. What’s new at Web3! 

What is Ethereum Name Service?

Ethereum Name Service is a platform to acquire domains registered on the Ethereum blockchain. In the Internet lexicon, a “domain name” or “domain” is a name associated with a server’s IP address and used to identify a website in a simple way. 

Blockchain domains work in a very similar way to classic web domains, but with all the advantages of being on blockchain. You can associate the addresses of any wallet with a blockchain domain and use it instead of long addresses made up of letters and numbers. This gives you a simple, easy to remember and shareable address on which to receive cryptocurrencies, tokens or NFTs. A blockchain domain can also be used to build decentralised websites that are immune to censorship: only the owner can delete or modify the content. Unlike classic Internet domains, blockchain domains are not held in a registry but in a wallet. They are therefore assets in their own right, exchangeable like a cryptocurrency and also circulating in secondary marketplaces.

With Ethereum Name Service you can buy a .eth domain on Ethereum and use it as your social media username and address for your transactions. Many people already use this service, including crypto stars such as Paris Hilton (parishilton.eth), and basketball player Shaquille O’Neal (shaq.eth)! You can check that the name you have in mind has not already been bought by someone on ENS website.

What is ENS?

ENS is the native token of the Ethereum Name Service intended for managing the governance of the project’s DAO. ENS holders are entitled to express their opinions on issues such as the formulation of the ENS Constitution. If you’ve already bought a .eth domain, you could be entitled to redeem some ENS tokens! 

Why have we chosen ENS?

Ethereum Name Service has so far registered 652,000 domains on Ethereum for a total of 209,000 owners, demonstrating that it offers a valuable product. The market for blockchain domains is interesting because of the possibility of creating decentralised websites and the convenience of having a user-friendly wallet address. One thing is certain, blockchain domains are the user names of the Web3. 

Available pairs?

ENS/USDT

Want to know more?

Read the Academy article out tonight!

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Recurring Purchase now with Satispay on Young Platform

satispay

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

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

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

How does the Satispay Deposit work?

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

  1. For free
  2. Instantly

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

Read our guide

What is the Recurring Purchase?

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

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

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

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

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

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

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

Read our guide

What is the Money Box?

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

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

Read our guide

Sign up to Young Platform
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Solana (SOL) lands on Young Platform!

Solana (SOL) arrive sur Young Platform !

On Young Platform’s exchange you can now find SOL, the Solana token. The most popular blockchain on the market for scalable and green smart contracts.

This is Young Platform’s first listing of the year! Today SOL, the Solana token, joins the squad. A blockchain that is being talked about for its qualities: speed, convenience and environmental friendliness.

What is Solana?

Solana is the most ambitious blockchain there is! Its goal is to offer fast and low-cost transactions forever. Solana is committed to never costing more than $0.01, and at the moment it costs an average of $1.50 to create a whole NFT! Sure, transactions are cheap, but how fast are they? Solana can reach around 50,000 transactions per second! With the game Break Solana you can test its speed yourself by challenging Solana. In 15 seconds, can you simulate sending the same number of transactions that the blockchain processes?

Solana is the blockchain of choice for developers, not only for its convenience, but also for its practicality. With its flexible infrastructure, anyone can create custom apps using different programming languages.

Let’s not forget that Solana is one of the greenest blockchains around. Thanks to its Proof-of-Stake consensus mechanism, it is energy sustainable and in 2021 it reached carbon neutrality. 

What is SOL?

All services in the Solana ecosystem work thanks to the SOL token. It is used both to pay network fees and in staking and validation processes. 

Why did we choose SOL?

Because of its features, Solana is the right solution even for those who are new to blockchain. Being cheap, it allows you to experiment without spending too much. Solana is a network where the motto “learn by doing” applies! This is why it attracts innovative and creative ideas: Solana was chosen by promising apps such as Audius, the first streaming platform for music on the blockchain. 

Which pairs are available for SOL?

  • SOL/EUR
  • SOL/USDT

Want to know more?

Read Academy’s article on Solana out tonight!

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The Promotion with The Sandbox has ended

sandbox

As Caesar said: the SAND is drawn!

Our 100,000 SAND have been won, marking the end of the promotion with The Sandbox that started on 8 December.

You guys were so fast, everything ended two days early!

How to know if you are among the winners?

In the coming days, the Young Platform team will carry out the necessary checks to see who are the first 10,000 people who have completed all the necessary steps and are therefore entitled to the 10 SANDs. 

When will SANDs be distributed? 

Winners will be contacted by email individually and will be notified of the date they will be credited with their SAND tokens from 21 December.  

Any questions?

Read the initial update on the promo

Read the FAQs