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YNG’s tokenomics explained step by step

yng token

Like any self-respecting token, YNG is governed by a specific issuing and distribution plan. Discover its tokenomics!

The Tokenomics is the business card of every cryptocurrency, it indicates its characteristics and all its strengths. If you want to know the mission, vision and economic mould of a crypto project, its tokenomics is the right document to consult. The tokenomics of YNG Token is always available in the whitepaper and in the Academy. In this article you will find all the main information on the YNG tokenomics explained step by step!

Category: What type of token is YNG?

YNG is Young Platform’s utility token. By definition a utility token is designed to access specific services in a crypto ecosystem, the YNG token serves to enhance the user experience of Young Platform’s products. All of Young Platform’s products revolve in fact around YNG, in each of which the token has a different function. For example, on Young Platform Step, users receive YNG as a reward for crypto-related quizzes and challenges. This was the first function of YNG, the token has been distributed for free since January 2019. YNG is a token based on Ethereum’s ERC-20 standard, the most widely used to develop utility tokens. YNG is a token, not a coin, precisely because it does not live on its own blockchain but relies on a third-party chain.

Total supply: how will the YNG token be distributed?

One of the key points to consider in the tokenomics of a cryptocurrency is its total supply. From this figure, one can tell whether the number of tokens, or coins, in question is set to increase indefinitely or not. In the case of YNG, the smart contract provides for a limited supply of 100 million tokens. This means that the number of tokens cannot be exceeded under any circumstances. The Young Platform team decided to allocate these 100 million YNG for different purposes:

1. Rewards in the Young Platform product ecosystem (63.6%)

63.6 percent of the total supply of YNG goes to Young Platform users in the form of rewards. How can YNG be obtained as rewards? E.g. on the Young Platform Step app to encourage in-depth knowledge of the crypto sector, or on Young Platform as an additional reward for activities related to the Earning Wallet feature and all future initiatives.

As of the 30th of May 2022, 7.3 million YNG have already been distributed for this purpose. The remaining 56,3 million will be distributed from now onwards.

2. Sale (17.6%)

A small percentage of YNG’s total supply was reserved for sales. This is because the choice was made to favour internal incentives within the platform itself and the user experience. With the Community Sale in May 2022, 6.9 million YNG were sold/purchased while 10.75 million are in the Treasury, divided between market makers, Venture Capital and listing procedures.

3. Young Platform Team (10%)

A portion of the YNG tokens will be distributed to Young Platform employees starting in 2023. Young Platform is growing as a company thanks to people, so the YNG token will be a reward for the work of individuals who make a difference and support the company with their skills.

4. Advisors (5%) and Stakeholders (3.8%)

Young Platform also receives input and support from people outside the company. An incentive mechanism for advisors and stakeholders has been devised for this purpose.

The YNG Liquidity Management System

To regulate the liquidity of the YNG-EUR market pair on the Young Platform exchange, an algorithm will be used based on the same mathematical formulas that are normally used to manage the liquidity pools of decentralised exchanges based on automated market makers. In the specific case of YNG, the same formula will be used that allows the liquidity pool of Uniswap to function: K = x * y, where ‘x’ represents YNG tokens and ‘y’ the Euros in the pool. The purpose of this formula is to calculate the right proportion between the number of tokens bought or sold and their price; and also to keep the product between the amount of tokens in the pool and the amount of Euros constant over time. Based on this formula, the Young Platform pool will initially contain 1,000,000 EUR and 4,166,666 YNG. Contrary to DeFi protocols, there will be no major variation in the liquidity contained in the Young Platform pool for the short-medium term, however any changes in the total liquidity will be promptly communicated. This mechanism will in fact only serve to ensure adequate liquidity on our exchange through a sufficient number of limit orders on our order book, while the price of YNG will be determined by supply and demand.

Supporting the market cap with buybacks

In order to reduce the circulating supply and increase the market capitalisation, especially in the first phase after the listing of YNG, Young Platform reserves the right to use the buyback mechanism. This means that in order to support the performance of the YNG token, the company could buy back a certain amount of tokens, which would then either not be put back on the market or be burnt. Buybacks will always be announced well in advance through the official channels of Young Platform, as well as how the purchased tokens will be used.

Circulating supply as of 30 May 2022

Circulating supply represents the number of tokens that are available for purchase and sale at any given time. As of 30 May 2022, there were 16.73 million YNG tokens in circulation. Specifically, 7.1% of the circulating supply of YNG were in Step’s wallets, 63.2% in Young Platform’s wallets, 23.9% in the Liquidity Pool needed to support the Order Book, 1.2% was for external advisors, and 4.6% was distributed to stakeholders in 2019 through the crowdfunding campaign.

All use cases of the YNG token

We said that YNG is a utility token, but what exactly is its utility? Before the listing, YNG was always distributed via airdrop as a reward for quizzes and challenges on Young Platform Step. In addition, YNG holders were entitled to receive discounts on exchange service fees. After the listing, the airdrop on Step slowed down to curb the inflation, but the benefits of owning the YNG token multiplied! By locking in part of your YNG, you’re able to access the Young Platform Clubs. By joining one of the 4 Clubs, you secure exclusive treatment and all the best promotions on Young Platform products.

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The Clubs are open: experience Young Platform as a protagonist

YNG Token: Opening of the exchange’s crypto Clubs

The Clubs are open, have you already chosen which one to join? Prepare your YNG and discover all the benefits

Today is a momentous day for Young Platform: on the eve of the YNG token launch, the Clubs open the doors to the community. Each Club is like a pass to experience all the new features and functionality of Young Platform, present and future. Bronze, Silver, Gold or Platinum… each precious metal represents a Club. Which team do you want to join?

Today Young Platform is adorned with bronze, gold, silver and platinum, but what is really valuable is its community! Since the earliest human civilisations, these metals were used as a symbol of prestige and recognition. From now on, belonging to a Club can offer you a privileged position among YNG holders. Now that you’ve bolstered your YNG stocks with the Community Sale (or are planning to refresh your wallet with a bit of ‘young’ flair), you can make the most of them by joining Clubs. The best way to experience the Young Platform community as a protagonist!

At Young Platform we often use playful and witty metaphors, as we like to think that even complex topics can be learned with a light hearted approach.. Light-heartedness yes, but not superficiality! With the Clubs we want to give that sense of belonging that unites the community a chance to emerge. Indeed, we think it is crucial, as the community grows, to maintain that sense of team and family that has brought us this far.

How do the Clubs work? 

Each Club requires a minimum quota of YNG tokens to be locked for membership. This ranges from a minimum of 1,500 YNG for the Bronze Club to a maximum of 25,000 YNG for the Platinum Club. The locking required to become a Club member is different from staking: it does not earn any rewards, lasts a minimum of 90 days and can only be done with YNG that can be used within your Spot Wallet. Therefore YNG tokens received via Community Sale Cashback cannot be used immediately to join Clubs. 

Club membership lasts for 90 days, at the end of this period you can decide whether to unsubscribe by unlocking your tokens. Otherwise your membership will be renewed automatically. 

Which Club is for you?

Are you a Bronze or Silver type? Is Gold your Club? Or maybe Platinum? Each Club has its own characteristics, and the more precious the metal of your club is, the more you’ll benefit from the various advantages. Here you will find the complete guide and description for each Club. 


If right now you don’t have enough YNG to join one of the Clubs, don’t worry! As of tomorrow, YNG trading is open permanently and you can buy the tokens you need to join the Club that’s right for you. Memberships are open anytime starting now, check out the ‘Clubs’ section in the Young Platform app.

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Young Platform supports LUNA 2.0’s airdrop

Airdrop LUNA 2.0: Young Platform supplies the new tokens

LUNA holders on Young Platform will be able to participate in the airdrop of tokens on the new Terra 2 chain. Find out the details!

After the collapse of UST and LUNA, Do Kwon and the Terra community developed and approved a plan to rebuild a blockchain and compensate UST and LUNA holders. The old LUNA and UST tokens will be called LUNA Classic (LUNC) and UST Classic (USTC), the new token will keep the name LUNA. Details about the airdrop can be found in this article.

LUNA 2.0 airdrop on Young Platform

This airdrop is technically quite complex, so Young Platform plans to support LUNa’s airdrop only in the near future. This means that the distribution of the new tokens to Young Platform users will not take place at the same time as the official airdrop . As soon as further details are available, instructions on how to participate in the LUNA 2.0 airdrop will be announced. 

PLEASE NOTE: In order to facilitate all management operations related to the LUNA 2.0 Airdrop, LUNA deposits and withdrawals are blocked as of 5pm UK time on the 26th May 2022 (today) until further notice. 

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Terra 2 is coming, find out how the new LUNA airdrop works

LUNA Airdrop 2.0: how it works and how to get it

It’s official: the new Terra 2 chain will be released on the 27th of May! Find out everything about the new chain wanted by Do Kwon and how the LUNA 2.0 airdrop works

Do Kwon’s proposal passed: a new Terra is on the way. With 66 percent of votes in favour, the community voted in favour of the creation of a new chain. The old LUNAs will be called LUNA Classic (LUNC) and the migration will take place on the 27th of May, through an airdrop that will try to give back to the LUNAtics what they deserve. Find out all about the release of Terra 2, how LUNA 2.0’s airdrop works, and how to get it!

What is LUNA 2.0, the new chain proposal from Do Kwon

After the collapse of LUNA and UST, the crypto community found itself in dire straits. Terra’s founder, Do Kwon, came up with a proposal to create a new chain from nothing. The proposal in question, published on Terra’s Agora, received 66% positive votes despite the fact that some members of the Terra community spoke out against the idea.

Despite criticism from some users, Do Kwon has found support from the majority of the community in creating a fork of Terra. Terra 2 will not exactly be a ‘hard fork’ similar to Ethereum’s actions after the 2017 attack. Instead of “resetting” the blockchain to a time before the collapse (7th of May, in this case), Do Kwon will create a new blockchain from scratch, but without the UST algorithmic stablecoin.

With this fork, Terra’s founder wants to recreate the blockchain by eliminating the weak point that led the old chain to collapse, namely UST. Terra 2 will become a strong DeFi ecosystem with all the dapps already ready to be implemented.

How LUNA 2.0’s airdrop works

The airdrop of the new LUNAs will be gradual and will mainly reward those who held LUNA and UST before the collapse. Before launching the new chain, the developers will take a snapshot (at 8:59pm UK time on Thursday 26 May) of all tokens in the old chain and then distribute the new LUNAs on the updated version. The new LUNAs received will automatically be staked.

Do Kwon’s plan is for the new chain to start from a ‘virgin’ state, i.e. block 0, with a circulating amount of tokens equal to 1 billion. How does the airdrop of LUNA 2.0 work? The new tokens will be distributed in this way:

–       35% of the initial tokens will be divided among all LUNA holders before the crash. This means that as much as 350 million of the new LUNAs will be reserved for LUNAtics who purchased the tokens before 7 May, and held them even during the crash. Wallets with less than 10,000 LUNAs will get 30 per cent of their share immediately, and 70 per cent will be returned gradually over two years. Whales, on the other hand, will have worse conditions, and will get all the LUNA they are entitled to over four years.

–       15% of the LUNAs will be reserved for those who held aUST (i.e. USTs locked on Anchor Protocol) before the collapse. In this case, however, whales will have a maximum of 500,000 LUNA, to give priority to small UST holders.

–       15% of the initial tokens of the new chain will be reserved for those who bought USTs after the 7 May collapse.

–       10% of the new LUNAs will go to those who bought LUNAs after the collapse, and will be returned gradually over a period of two years.

–       Finally, the remaining 30% will end up in the community pool, to support the effort of dapp developers and ensure that the new chain maintains its value as a DeFi ecosystem.

The system is quite complex but Do Kwon thinks this is the best way to compensate LUNAtics fairly and to recreate a functional and effective network in the DeFi landscape.

In the proposal, Terra’s founder writes that the LUNA airdrop will take into account all on-chain assets (including, for example, LUNAs in staking or those on some centralised exchanges), except for a few specific ones due to technical reasons. For example, USTs and LUNAs ‘transferred’ with a bridge to other blockchains will not be part of the airdrop unless they are returned to the original chain (e.g. Terra’s official wallet, Terra Station). LUNAs blocked in the most popular DeFi protocols will also be returned. For more information, please refer to Do Kwon’s official proposal, which is constantly being updated.

Criticisms for LUNA’s fork go beyond the community

The collapse of LUNA and UST has obviously divided the crypto community. Although many support Terra’s fork, not everyone believes that the airdrop of LUNA 2.0 is the best solution to repair the damage caused by the collapse. Criticism, especially on Twitter, abounds: but it is not only the users who oppose Do Kwon’s and the rest of the community’s decision.

Lido Finance, one of Ethereum’s most important liquid staking protocols, refused to support Terra 2.0. Lido’s DAO voted ‘no’ decisively, with 95 per cent voting. Less than 5% of the participants were in favour of bringing Lido Finance onto the new Terra chain.

Despite the fact that Lido Finance had a locked-in value of almost $10 billion on Terra before the collapse of LUNA and UST, the DAO practically rejected Do Kwon’s proposal. “We will think about it after the launch, first it is better to see if Terra 2.0 is a legitimate project and supported by the community. At the moment there are too many doubts about the new chain,’ wrote one of the users against Terra 2.0.

The 27th of May will be a date that will go down in history not only for Terra, but for the entire crypto world. Only one day to go until the decisive date: will airdrop be enough to win back the market’s favour?

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After an amazing Community Sale: listings and clubs

YNG Token: after the Community Sale comes the listing

In this Community Sale, everyone has shown their affection and support for the YNG token, find out the new listing date! 

When you finally learned what Bitcoin was, you couldn’t wait to explain it to your neighbour too. When you won your first prediction on Ethereum, you thought about adding “trader” to your Instagram bio… On your tenth correct quiz, you organised a crypto-themed game night for your friends. Admit it, over the years Step has hyped you up! As you played, walked around and discovered that cryptos are not such an untameable subject, your YNG wallet swelled just like your knowledge base. The YNG token has always been there to reward you!

YNG has seen us walk the streets of the crypto world and learn, one step at a time, about all its values and the potential of a technology that is changing the world. We rediscovered our curiosity, our willingness to learn and take notes by reading Academy articles (with such commitment we may not have even used for school). Why did we decide to launch the YNG token on the market? Because it is a sign of a passion that unites a community, which for four years has welcomed all the Quests on its path.

Something tells us that we were not wrong. With this Community Sale, we were overwhelmed by a realisation: the Young Platform community wants YNG and YNG is here to stay. At the beginning of this journey, we had set our sights on the goal of 6 million tokens purchased in Community Sale, having reached this figure we would decree a great success. But we have gone far beyond our goals: to date, 6.4 million tokens have been purchased and we have distributed a total cashback of YNG 436,000, and now the listing awaits. The excitement is through the roof, so all we have to do is start the countdown. 

Update: New date for listing 

On the 1st of June, 2022 at 12 noon CET, YNG will finally be released to the market and available for buying and selling. After the listing, you will find a different YNG token, but what will remain unchanged is the lively and passionate spirit of its holders.

As with all tokens, the value of YNG is not decided at the drawing board or even constant over time. Indeed, the price of YNG will be susceptible to market trends and the logic of supply and demand. Simply put, the price of YNG will depend on how many people buy it and how many sell it. The more people want to buy it, the more its price will increase. Conversely, the more people sell it, the more the price of YNG will fall. We know, the crypto market is volatile, but tokens backed by a strong community are destined for great things!

In conjunction with the listing, the sale and purchase of the YNG token, which was temporarily suspended from the 25th of May, will be reactivated, while the transfer of the token from Step to Young Platform is still active.

Clubs will start working on the 31st of May

Now that you are ready to begin your adventure in the YNG marketplace, you may want something more: clubs. Subscriptions open the 31st of May, but how does it work? To join the Bronze Club you need to block 1,500 YNG, 5,000 YNG for the Silver Club, 10,000 YNG for the Gold Club and 25,000 YNG for the Platinum Club. Blocking YNG for Clubs is different from blocking YNG for staking, in fact in the former case you do not get rewards but benefits. Once you join the Clubs, you cannot cancel your membership for 90 days. After these three months, you can choose to unsubscribe, otherwise, you will continue to enjoy the benefits. These are divided into several categories: fee discounts and increased rewards from staking and airdrops. But in the future there will be many more!

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3 Million YNG purchased: only 4 days left to join in!

The Community Sale is coming to an end. You have 4 days left to buy YNG with all the benefits reserved for our community!

It’s all true: you bought 3 million YNG tokens before the market launch! Before celebrating the listing, Young Platform has reserved a special sale, dedicated to our loyal community who have been waiting for this moment for a long time. 

However, the Community Sale will only be active for a few more days: you can buy YNG and receive up to 15% cashback until the 24th of May. 

The Young Token: the start for everyone 

For many of us, YNG was our first token, we earned it on Step by taking quizzes on crypto fundamentals or challenging our friends mile after mile or, again, by becoming familiar with price charts through ‘Up&Down’ predictions. 

Was the YNG token also the beginning of a path in this area for you? Sure, between NFT and Metaverse, blockchain is slowly becoming mainstream, but when it comes to cryptocurrencies, the main concern is complexity. Crypto technology and mechanisms still seem obscure and complicated, and when you don’t understand something, it’s easy to push it away. 

If today you can explain to your parents how a Proof-of-Stake protocol works or why Bitcoin is not a Ponzi scheme, it’s also thanks to the YNG token that you wanted to learn more, and not give up when faced with ‘impossible’ concepts. The Community Sale is designed to reward the entire Young Platform community with benefits. Those who have given the crypto world a chance via the YNG token!

What are the benefits of the Community Sale?

Buying YNG during the Community Sale is convenient for several reasons. Firstly, the price of YNG is still fixed at €0.24. Once YNG is listed, its price will vary according to market fluctuations. Furthermore, during the Community Sale, YNG’s purchasing fee is zero and you can receive Cashback. With the end of the Community Sale you will no longer be able to buy YNG at a fixed price and receive Cashback, but the advantages of buying YNG tokens do not end on 24 May! Anytime you buy YNG you can be part of one of the largest European crypto communities. How? By joining the Clubs! 

How can I get Cashback during the Community Sale?

You’re entitled to Cashback if you buy more than €200 of YNG before the 24th of May. It’s issued in YNG, according to how many tokens you purchased. Your Cashback will remain locked for 90 days after purchase, after which it can be redeemed. For the table with relevant reference values and percentages click this link. 

How can I join a Club?

Joining a Club means taking advantage of a package of benefits such as fee discounts, bonuses, increased staking reward percentages. But that’s not all, there will be many more surprises in the future too! There are 4 different Clubs: Bronze, Silver, Gold and Platinum, each with a different level of benefits. To join one of the Clubs you need to lock your YNG. The amount of locked tokens determines the type of Club you can join. Registration starts on 31 May*!

By becoming a YNG token holder, you have the opportunity to access all operations on Young Platform easily and conveniently. This is Young Platform’s way of rewarding the loyalty of our community by making your journey into crypto easier and easier! All you have to do is enjoy it!

Don’t miss your chance: these are the last 4 days to buy YNG at a fixed price and enjoy all the benefits of the Community Sale. The deadline is scheduled for May 24 at 11:59 pm. Remember: from the end of the Community Sale until the 30th of May, you can neither sell nor buy YNG token!

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

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New Community Sale record: 2 million YNG tokens purchased!

Community Sale of the YNG token: 2 million purchased

A few days after the first announcement, a new milestone: in one week of Community Sale, 2 million Young (YNG) were purchased!

The YNG token is among you! The pre-sale of the YNG token started on May 10, and within a week 2,000,000 have already been purchased. Affection and appreciation should never be measured in numbers, but in this case we make an exception because behind these 2 million YNG tokens are the passionate members of the Young Platform community who have faith in us and the project. 2 million thank yous! 

A 2 million token community!

The days until the launch of the YNG token in the market are fewer and fewer. We have been collecting messages of support since the 10th of May, enthusiasm is through the roof, and the countdown continues. There are only 6 days left until the end of the Community Sale, then what? Let’s wait for the listing! But if you want to secure Cashback now is the time to enter the world of Young Platform. You have until the 24th of May. For Cashback percentages and all the benefits of the Community Sale, you can check out the full guide and FAQs!

Clubs in sight

With the listing scheduled for the 31st of May, registration for Clubs, your privileged pass in the Young Platform experience, will open at the same time. To secure a spot in one of the 4 Clubs you will need to lock in a sum of YNG. How much is this sum? You can check the table with the Clubs and benefits. The tokens used in the subscription are not to be considered “spent,” in fact when you do not want to renew your Club subscription, you can simply unlock them and they will become usable and available again for all buying and selling transactions. 

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1 million YNG Tokens bought in the first 4 days of the Community Sale

After only 4 days of the Community Sale, 1 million YNG have already been purchased!

Today we celebrate a great achievement and take a moment to thank you and the entire Young Platform community for your support and trust in this great project of ours: the launch of the YNG token on the market! 

The Community Sale has been active since the 10th of May

Before the official listing scheduled for 31 May 2022, Young Platform organised a special sale for its community. From the 10th of May, you can buy YNG in advance and enjoy a number of benefits. Those who bought these YNG 1 million, did so with no fees and at a fixed price of €0.24 per token. They also received cashback (for a spend of €200 or more). Not bad, eh? Want to be one of YNG’s early adopters? You still have time until 24 May. 

How many YNGs have already been sold? How many are in circulation?

Young Platform’s tokenomics forecast a maximum circulating supply of 100 million, of which 1 million were sold in 4 days of Community Sale. Despite the sheer size of the figure achieved, YNG’s market adventure has only just begun!

Brace yourself, the news is not over!

YNG is a 100% European project, and Young Platform is proud of all the enthusiasm it is generating. A passionate community is the litmus test of a solid project. From the desire to enhance and reward our community, Clubs were born. Packages of discounts and unmissable benefits will soon be accessible by blocking certain amounts of YNG. The Clubs will be available from 31 May, at the same time as the launch of the Young token on the market.

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FAQ: Young Platform Clubs

How do the Clubs work? FAQ about the YNG token

Here are the Young Platform Clubs: packages of exclusive benefits and opportunities. Got doubts? Here is the FAQ!

Along with its market listing, the YNG token is introducing another new feature at Young Platform: the Clubs. They can be accessed by blocking a certain amount of tokens, and membership entitles you to discounts and promotions. What are Clubs? How many YNG do I need to block? How can I join? These and other questions are answered in this article. Welcome to the Young Platform Clubs FAQ!

Find out about:

  • What are the clubs?
  • What are the main benefits?
  • How does signing up for the Clubs work?

The benefits

What are the Clubs?

Clubs are the evolution of the proportional discount plans given by holding YNG.

They are packages of advantages that are accessible by blocking YNG. The more YNG you block, the greater the advantages and the higher the Club level you’ll get. Discover all levels on the Clubs page.

What are the main advantages of the Clubs?

The benefits reserved for Clubs are many and diverse, with constant updates and new ones in development. The higher level Clubs reserve more benefits in proportion to the number of YNG required for membership. Discover all the benefits in the dedicated app section or on the official Clubs page!

If I already have a discount on fees, what discount will I get by joining a Club?

If you already have an active fee discount and you join a Club, you will only benefit from the higher discount of the two.

If I have enough YNG to upgrade my Club level, but my membership is not yet expired, how do I do that? 

If you have enough YNG to advance to the next club, you can do so even if your 90 days of membership are not yet up. You only need to block the missing YNG to move up a level. For example, if you want to upgrade from Silver to Gold, you only need to have 5000 YNG to block in your membership, as you already have the other 5000.

To make this upgrade, click on the sign up button for the next club. From the moment you confirm it, your new Club membership will last at least 90 days. 

On the other hand, it is not possible to unlock YNG before the end of a membership to downgrade to a lower club.

Do the fee discounts given by the Clubs also apply to Young Platform Pro?

Yes

Sign-up process

When does club membership expire?

You can join a Club at any time. Membership lasts for a minimum of 90 days, after which you can cancel it if you do not want to remain in the Club automatically.

What’s the minimum amount required to access a Club? 

You need to block at least 1500 YNG to access the Bronze Club. These YNGs are not spent, but simply blocked until unsubscription.

What does ‘locking YNG’ mean?

It means that in order to sign up and remain a member, you have to ‘freeze’ a certain amount of YNG, i.e. keep it blocked without being able to sell or transfer it. This means that the moment you decide to unsubscribe, you can unlock YNG and use them as you wish. This is why you don’t actually spend money.

Can I use blocked YNG tokens to join a Club?

No, only free YNG tokens that are useable within the Step Wallet can be used for Club membership.

How do I sign-up to a Club?

In the top bar of the Young Platform app, you will see the ‘Clubs’ section. Click and choose the Club of your choice. Then to join, simply block the required number of YNG tokens. Membership lasts a minimum of 90 days.

Are Clubs also available on the Pro version?

No, the feature will only be available on the basic app.

How can I renew my membership?

After 90 days of mandatory membership, if you do not deactivate your membership manually, your membership will automatically be renewed.

Cancelling my membership

How can I cancel my Club membership?

You can only cancel your membership after 90 days. In the Club section of the Young Platform app, you will see the option to cancel your membership in a few simple steps.

What happens after I cancel my Club membership?

Your blocked YNG will automatically be transferred to your Spot wallet.

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

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

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

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

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

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

What are the Clubs and how do they work?

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

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

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

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

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

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

How do I join the Clubs?

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

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

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

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

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

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