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Discover what YNG is, Young Platform’s community token!

yng token

The Young Platform token can be purchased in advance thanks to the Community Sale. Find out what YNG is and how it works!

We’re excited to introduce YNG, Young Platform’s token! With our Community Sale, we want to give you the chance to buy the token in advance, before the official launch. What’s the advantage of the pre-sale? To reward those who have always believed our exchange, you’ll get up to 15% cashback during the Community Sale. All without commissions! What’s more, for the duration of the Community Sale, the token price will remain locked at 24 cents. Find out what YNG is and how it works!

A token compatible with Ethereum

A token is a based on a blockchain external to the project that developed it. This means that Young Platform does not have its own blockchain, but has decided to create its YNG token on Ethereum, using its ERC-20 standard. Ethereum is one of the longest-running and most famous blockchains in the crypto world, and is used extensively for the creation of new tokens. The ERC-20 standard is among the most secure and widely used, and is the protocol of choice for cryptocurrencies of all types such as Chainlink, Tether and BAT. One of the features of the YNG token is therefore its compatibility with Ethereum! 

A community-token for a community-driven project

One of the cornerstones of Young Platform is its focus on the community. Thanks to YNG, everyone can enter the world of blockchain! The token allows you to not only be a passive spectator of the crypto world, but to become part of a technological ecosystem that is developing right now, before our eyes. You can earn rewards in YNG by studying and testing your knowledge on Young Platform Step, or you can unleash your inner trader by trading the token on our exchanges. Or you can enjoy exclusive bonuses reserved for those who block a certain number of YNG tokens in their Wallet. Whichever path you choose, with YNG you’ll have front row seats to watch this technological revolution with like-minded people!

Not only for expert traders!

After the end of the Community Sale, the official YNG listing will follow. What does this mean? It means you can unleash your inner trader and trade the Young token just like you trade Bitcoin and Ethereum! The price will no longer be locked at 24 cents but will be decided by the market, so take advantage of the cashback and fixed price to get a head start. Even if you’re new to trading, you’ll find the Young Platform services to be as simple and intuitive as you need to get started. 

But the news about the Young (YNG) token doesn’t end there. Buying and locking YNG will provide you with fantastic benefits to give you a tailor-made experience in the crypto world. Want to know more? All will be revealed tomorrow!

In summary, the YNG token reflects all the characteristics and ideals of Young Platform. The search for proven and reliable technologies, such as Ethereum, to promote a secure and certified experience. The focus on ensuring straightforward and no-nonsense services, to learn crypto by going straight to the point. But above all, the centrality of the community and the desire to reward its loyalty!

Now that you know what the YNG token is and how it works, why not be one of the first to join us in the Community Sale? Share your passion for cryptocurrencies and join Young Platform!

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FAQ: YNG token community sale 

FAQ: How does the community sale of the YNG token work?

The YNG token Community Sale allows you to pre-purchase YNG while saving money and earning bonuses. Having doubts? Here’s the FAQ! 

Today, the 10th of May, the Community Sale of the YNG token has begun. The big news has been unveiled: YNG will be released into the marketplace at the end of the month. Young Platform has organised a pre-sale for all those who want to buy YNG before the market launch, and you are entitled to a number of benefits. Welcome to the Community Sale FAQ!

What is the Community Sale and how long does it last?

The Community Sale is a period of time during which our users are given the opportunity to purchase our proprietary YNG token at advantageous conditions (Cashback, 0% commission and fixed price): it will last from 10 to 24 May 2022.

How much does the YNG token cost?

During the community sale, one YNG is equivalent to 0.24€. 

Are there fees for buying YNG?

No. During the Community Sale, no fee is charged for the purchase of YNG.

Is the cashback an offer valid for all?

Yes, anyone can obtain the cashback reward, by buying at least 200€ worth of YNG. The offer is valid for new as well as old users.

What’s the minimum amount to obtain cashback for buying YNG? 

You need to make a purchase equivalent to at least 200€, or 834 YNG.

The general minimum purchase amount is only 10€ of YNG, however you will not receive cashback for a purchase worth under 200€

In what currency will I receive the cashback?

In YNG.

How long will the YNG I get from cashback be blocked?

90 days from the day you made the corresponding purchase. If you make more than one purchase, you will see the differentiated expiry date for each cashback received.

Is purchasing with Cashback also possible on Young Platform Pro?

No. You can only receive Cashback by purchasing on the web and mobile (app) version of Young Platform in its basic version.

What will happen after the Community Sale?

After the 24th of May, the buying and selling of the Young token (YNG) will be blocked – until the 30th of May*. After that YNG will be launched on the open market and potentially listed on other exchanges, then the price will start to change according to the law of supply and demand. At launch, the buying, selling and trading of the token will be simultaneously rehabilitated. 

What happens on the 31st of May*?

The Young token (YNG) will become like any other token on the market, i.e. volatile. Starting from the price of €0.24, depending on the supply and demand of users, i.e. how much is bought, purchased or held, the price could rise or fall.

When can I sell YNG?

From the 31st of May* onwards.

What are the technical characteristics of the YNG token?

Young (YNG) is a token, and more specifically an ERC-20 token, i.e. based on Ethereum’s standard protocol token. This means that it is compatible with Ethereum’s entire ecosystem of wallets, blockchains and Dapps.

The role of YNG within the Young Platform ecosystem is that of a utility token, i.e. a token that, in addition to having a price, only has added value within the product system for which it was created, offering a series of specific advantages and use cases. 

Is whitepaper for YNG available?

The whitepaper will be available the day of market launch, on the 31st of May*.

If I already have blocked tokens from the 2019 crowdfunding, how do I distinguish them from blocked tokens for the community Sale?

If you are a 2019 crowdfunding investor on Seedrs, within the “Locked YNGs” section you will see an amount labelled “Crowdfunding” and other amounts labelled “Community Sale” with different expiry dates.

Can I convert YNG to other cryptocurrencies?

No, it will only be possible after the market launch, if pair listings with other cryptocurrencies occur.

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

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Buy the YNG token to claim Cashback and advantages

YNG Token: 3 reasons to buy it now

A preview for the community: the Young Token (YNG) for sale with exclusive benefits

A new chapter in the history of the YNG token starts here: YNG will be launched on the 31st of May 2022*! Yes, Young Platform is ready to take the plunge and introduce its token to the entire crypto world. All signs point to market listing, so raise your hand if you guessed right! What does “entering the free market” mean for YNG? It will be able to be bought, sold and transferred on any exchange and blockchain that supports it.

Young Platform wants to celebrate this milestone first and foremost with our users, so before the official listing there will be a special Community Sale where you can buy YNG with exclusive benefits. The Community Sale starts today, Tuesday 10th May and ends on Tuesday 24th May. Check out all the details and bargains waiting for you!

What do I need to know about the YNG token before I buy it?

  • It’s an ERC-20 token, so it’s compatible with the entire Ethereum ecosystem (also Layer2)
  • It’s a utility token, i.e. it is designed solely to have utility within the Young Platform ecosystem. It does not represent shares in the company.
  • Until the 31st of May* it will not be possible to sell YNG

Take advantage of the fixed price of the YNG token

The first opportunity you should not miss is the chance to buy YNG at its fixed price of 0.24€. The Community Sale will be the last time the price of YNG will remain unchanged, after listing and entering the market, the price of YNG will start to fluctuate according to supply and demand. To make it very simple: the less people sell and the more people buy, the higher the price – conversely, the less people buy and the more people sell, the lower the price.

You know what the beauty of it is? These people are you. It’s you and the community that determines the performance of YNG, the same people who have the opportunity to buy it in advance. It’s safe to say that YNG is a community-driven token!

What are the advantages of buying YNG before 24 May?

Bargains are not limited to the fixed price. Your support during this milestone for Young Platform is very important, and we want to reward it as it deserves. Here are the 3 great advantages of participating now (expires 24 May):

  • YNG will keep its fixed price at 0.24€. 
  • Commissions on the purchase of YNG will be reduced to zero.
  • If you buy more than 200€ of YNG you will receive Cashback in YNG

How does Cashback work?

If you purchase the YNG Token between the 10th and 24th of May, you will receive a percentage of YNG in Cashback based on the amount you purchased in Euros.

This offer is valid for all: those who signed up a while ago as well as new users.

YNG Token: 3 reasons to buy it now

From the minimum purchase amount of 10€, up to 199€, you will not receive cashback.

The cashback obtained will be credited immediately to your Young Wallet (YNG), within the “Locked YNG” section.

The cashback in YNG will be blocked for 90 days, i.e. it cannot be sold or transferred for 90 days, after which it must be manually unlocked..

For every single purchase you make, you will see a cashback blocked in this section on the exchange, each with its own clearly marked expiry date.

For all details, check the dedicated FAQ!

Fixes prices, zero commissions and cashback: this phase is the perfect opportunity to get the most out of your favourite crypto exchange.

The launch on the crypto market is a momentous step in Young Platform’s history. YNG was first distributed through an Airdrop on Step in 2018, with over 1 million YNG issued to the initial community during the first year. From 2020, onwards YNG could be bought and sold at a fixed price on the Young Platform exchange, and this introduced its first utility: providing a discount on buying and selling commissions.

With the launch of its token in the market, Young Platform becomes a full-fledged crypto ecosystem. And YNG is the key that unlocks its full potential. Are you ready to invade the crypto sky with us, in a flock of early adopters?

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

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Axie Infinity (AXS) lands on Young Platform!

Axie Infinity (AXS) listing on Young Platform

AXS, the token for playing and earning on Axie Infinity, is now available on the Young Platform exchange.

Gaming is one of the branches of the blockchain industry that is contributing to the popularity and spread of cryptocurrencies. One of the most popular and widely used video games on blockchain by gamers around the world is Axie Infinity, a play-to-earn Metaverse launched in 2018 that earns AXS through challenges and quests. You can now purchase the AXS token on Young Platform and Young Platform Pro!

What is Axie Infinity?

Axie Infinity is a blockchain game that uses the Ethereum infrastructure. The way it works is very similar to video games where you receive “gold” for completing specific actions, but in the case of Axie Infinity the tokens obtained are cryptocurrencies and their value does not just limit itself to within the game dynamics.

The protagonists of the Axie Infinity games are the Axies, fantasy-like NFT monsters that live in the Lunacia universe. In order to take part in the game experiences in the Metaverse, you must have at least one Axie. Axies must be bred and can fight each other in Arenas, with most player rewards coming from the success of these two actions. 

What is AXS?

AXS is one of the two tokens on which the internal economy of Axie Infinity is based, its name stands for “Axie Infinity Shards”. The second token in the Metaverse is called Smooth Love Potion (SLP), both of which are ERC-20 tokens. 

AXS is the “glue” that holds all members of the Axie Infinity community together, it can be used for staking, in-game payments and to participate in project governance by proposing updates or improvements. Axie Infinity players earn AXS as rewards for completed missions and reuse them to maintain their Axies. 

Why did we choose AXS?

On Axie Infinity you can also experiment with a range of decentralised finance services. In fact, the original intent of its developers was to bring people closer to DeFi through a fun platform. An educational mission that we at Young Platform fully share! With Axie Infinity you can try your hand at staking, decentralised NFT lending and the mechanics of a real DAO. 

Which pairs are available for AXS?

  • EUR-AXS

Want to know more?

Read the Academy article dedicated to Axie Infinity!

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5 curiosities that make Fantom a unique DeFi platform

5 interesting facts about Fantom

What metaverse and NFTs are on Fantom? Why is it linked to Cronje? What is its logo doing on F1 circuits? Find out 5 interesting facts about Fantom!

FTM, the Fantom token, is now available on Young Platform! Surely you’ve already heard about it, this blockchain platform is one of the most widely used for the provision of DeFi services, but are you sure you know everything about it? Certainly its “spooky” branding doesn’t go unnoticed, between emoji of ghosts and the reference to the musical “The Phantom of the Opera,” the developers who use Fantom indulge in metaphors and creepy names. One example? The BOO token from Spookyswap, the dapp Tomb Finance and the NFTs from Fantums of Opera. But the FTM ecosystem doesn’t only hide horror easter eggs, here are 5 interesting facts about Fantom!

1. Andre Cronje’s history with Fantom

A simple search on Google or Twitter shows that Fantom is often associated with the name Andre Cronje. But who is Andre Cronje? And most importantly, why is he so important to Fantom? Cronje is one of the most prolific developers in the DeFi industry, creating several protocols and dapps that have helped shape the current image of DeFi and Web3. Cronje has become a crypto star because of his coding skills but also because of his repeated “rage quitting” over DeFi (after the last one a few months ago, in the past few days he broke his silence by talking about the need for crypto regulation). His most famous creations are Yearn Finance and Keep3r, but Cronje has also contributed to the development of other protocols such as Fantom. The developer worked on Fantom from 2018 to 2022 as a technical advisor and as chairman of the Fantom Foundation Technology Council. His imprint was decisive and his prestige in the DeFi field attracted the trust of many people who became Fantom supporters.

After Cronje’s farewell, Fantom suffered in terms of popularity and TVL decline, but DeFi is not made by individual developers. The team has continued to work, gaining deserved success!

2. Fantom cradle of Metaverse

When designing a Metaverse on blockchain you have to take into account all the transactions that need to be processed by all the active users, and Fantom has all the makings of a platform loved by Metaverse developers: it’s fast, scalable and cheap! 8BIT Nostalgia is one of the Metaverse on Fantom, essentially an interactive 3D space that can be explored by avatars sold as NFTs. On 8BIT there are game areas and arenas where users can come together to chat and design new features. 8BIT is expanding through various collaborations, for example owners of the ADAPunks collection on Cardano will be able to use their skins on Fantom as well. As the name implies, the atmosphere of 8BIT is very nostalgic. You can’t help but shed a tear when you think back to Pokemon Perla on Nintendo DS!

Another Metaverse on Fantom is Pod Town, which is distinguishing itself by building a solid in-game economy. Pod Town is integrating a number of DeFi services that allow players to manage and monitor their in-game assets and wallets. The third noteworthy project is Slothtopia, this Metaverse on Fantom is developing a 3D virtual world compatible with VR. 

3. A strong team

Fantom works with the crème de la crème of Web3. In fact, among the protocols integrated into the blockchain platform are Chainlink, The Graph and Ankr. In detail, Fantom works with Chainlink to ‘build secure and scalable DeFi products such as decentralised stablecoins, lending protocols and synthetic assets’. Developers using Fantom’s infrastructure can freely access Chainlink’s oracles to combine and compare on-chain and off-chain data from trusted sources. The Graph, on the other hand, comes in handy when one wants to consult information from different blockchains, information that can be useful for developing and offering cross-chain solutions. With The Graph, Fantom has found the solution to interoperability problems. Finally, Fantom uses the API and development tools of the Ankr protocol.

4. Book your holidays with Fantom

Among the five facts about Fantom, there is an initiative that makes people dream about holidays. In 2020, Fantom started a partnership with Travala.com, the leading cryptocurrency travel booking platform active since 2017. Thanks to this partnership, people can directly use their FTMs on Travala to book hotels, houses, flights, tours and various activities. The Travala project aims to make the travel industry cheaper, fairer and more inclusive, those who use FTM for payments will be able to save over 40% (compared to other classic online travel agencies) and be able to choose from 2 million properties and 600 airlines. 

5. Speed champions agree: Fantom and F1

Fantom has signed two agreements to sponsor Formula 1 projects. In 2021, the partnership with the Italian team Scuderia Alpha Tauri was announced, with the Fantom logo appearing on the car, helmets and drivers’ overalls. 

Since March 2022, the Fantom brand has also been present on the equipment of Pietro and Enzo Fittipaldi, the two F1 drivers also known as the Fittipaldi Brothers. In addition to the sponsorship, the two brothers have chosen Fantom as the platform to create their first NFT collection. “My brother and I have been interested in the cryptocurrency space for some time, we are fascinated by the potential it has to inspire financial freedom and the tools for athletes to engage with their fans,” commented Pietro Fittipaldi.

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Fantom (FTM) lands on Young Platform!

fantom

From today, FTM – the token of Fantom, a scalable platform suitable for designing dapps – is available on the Young Platform exchange

Yet another Ethereum Killer? Fantom aims to be much more! Its unique consensus mechanism guarantees speed and scalability. Discover FTM, the new cryptocurrency on Young Platform! 

What is Fantom?

Fantom is a blockchain platform ideal for developing any kind of dapp. Its network consists of a main layer, called Opera, and many independent satellite chains linked to each other and to the “mother” layer, whose security and speed they exploit. Fantom is therefore a multichain, modular and interoperable network. On Fantom, you can build customised chains and dapps for any requirement. The strength of this blockchain is its scalability and speed, with Fantom processing more than 10,000 transactions per second. 

Fantom has been operational since 2019 and is designed as an alternative to Ethereum. Opera’s consensus mechanism is called Lachesis and it combines Proof-of-Stake with DAG. This optimises the recording of information by the network nodes and, by eliminating irrelevant data, speeds up the processes of the entire system. 

What is FTM?

FTM is Fantom’s native coin and has several functions. FTM is used for staking, which ensures the functioning of the blockchain itself, and to manage the governance of the project. In general, FTM is used to make transactions, pay network fees and use all DeFi services offered by the ecosystem. From NFT “minting” to yield farming operations.

Why did we choose FTM?

Fantom’s network is constantly expanding thanks to the numerous projects that choose it as their basic infrastructure and ecosystem. There are currently more than 200 dapps active on Fantom, including Solidly – created by Andre Cronje, the legendary “godfather” of DeFi – and Stader, which allows liquid staking of FTM. In general, Fantom hosts several state-of-the-art solutions in the field of decentralised finance. 

Which pairs are available for FTM?

  • FTM-EUR
  • FTM-USDT

Want to know more?

Read the Academy article on Fantom!

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Amounts for Card Deposits have increased

The maximum amount allowed to deposit by credit or debit card on Young Platform has changed.

How does the card deposit work?

Depositing by credit, debit or prepaid card via Visa or Mastercard is a deposit method only available in Italy for cards issued in Italy.

This is one of the instant credit methods, along with Satispay. Instant transfer and cash recharge can take up to 15/30 minutes.

What changed?

You can now deposit up to €1500 in a single card transaction, instead of €250.

Within a 7-day period, you can deposit up to a maximum total of €3000 by card, while there is no longer a daily limit.

In the case of Cards, these limits apply to all Account Levels without distinction, whether you have only completed the Level 1 identity verification, or the following.

In fact, it is only in the case of Bank Transfers that limits depend on Account Levels.
You can consult the limits and fees for other deposit methods on this page.

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Ankr (ANKR) lands on Young Platform Pro!

Ankr is the protocol that makes Web3 accessible to everyone. Now its ANKR token is available on Young Platform Pro!

The Ankr protocol has many features and is suitable for those who want to develop and explore the potential of Web3 and DeFi. This Young Platform Pro listing takes you on a tour of its native token: ANKR. 

What is Ankr?

Ankr is a protocol that started in 2017 as a decentralised cloud computing network (DCCN). However, today its uses have multiplied, in particular, Ankr aims to facilitate the use and development of Web3 with different blockchains. Ankr’s flagship service is related to the opening of nodes in a network. Thanks to Ankr, the barriers to becoming a node are reduced and the creation of business models, applications and strategies based on staking or validation is facilitated.

Ankr offers a range of APIs and development tools for programming on all major Layer 1 and Layer 2 blockchains.

A more specific Ankr solution is staking. With Ankr it is possible to become a staking provider by simply offering one’s own computational power to Ethereum nodes, or staking as a user with only 0.5 ETH and receiving rewards in aETH, a token tradable on Uniswap. This solution stems from the need to make participation in Ethereum 2.0’s Proof-of-Stake more accessible, which requires at least 32 ETH to be blocked.

This mechanism also applies to other staking protocols, whereby Ankr makes it possible to obtain rewards from tokens used in staking and at the same time be able to use them, through so-called “liquid staking“.

What is ANKR?

ANKR is the utility token and governance token of the protocol. It can be used with both the Ethereum standard, ERC-20, and BEP-20, the BNB Chain standard.

Its utility in the network is transactional, in fact it is the payment currency that users need to access services offered by providers in the decentralised network. The token can also be staked to contribute to the network and/or receive rewards. Ankr also has a DAO, in which any ANKR owner can participate to support the decentralised governance of the project.

Why have we chosen ANKR?

Ankr offers a reference infrastructure to DeFi users, dapp developers and professional stakers alike. It thus manages to overcome the current limitations of blockchain and make it accessible, without sacrificing decentralisation. 

Chandler Song, along with two fellow UC Berkeley students, decided to found Ankr following his experience at Amazon Web Services (AWS), with the aim of decentralising cloud computing. But Ankr has not limited itself to this and has been able to adapt to the new technological demands of the rapidly changing market, developing solutions for Web3. 

Pairs available?

  • ANKR-EUR
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Comment reconnaître un Bitcoiner en 6 mèmes

Bitcoin : comment reconnaître les fans en 6 mèmes

Les dictons sont nombreux chez les adeptes du Bitcoin et reflètent la communauté des fans de Satoshi Nakamoto. Découvrez les principaux !

Il y a ceux qui possèdent des bitcoins pour diversifier leurs portefeuilles, et il y a ceux qui en possèdent parce qu’ils croient au concept, et puis il y a les fameux maximalistes qui voient l’or numérique comme la seule vraie monnaie. Les Bitcoiners les plus avides suivent une philosophie bien précise, dans la lignée du whitepaper publié en 2008 qui a tout déclenché. Pour simplifier les concepts les plus importants, au fil des années, la communauté a utilisé des idiomes qui peuvent sembler étranges à ceux qui se sont récemment aventurés dans la blockchain. Découvre comment reconnaître un fan en 6 mèmes !

Les chiffres grimpent

Le premier dicton largement utilisé est « number go up » et fait référence à la nature déflationniste du Bitcoin. Habituellement, les monnaies fiduciaires sont inflationnistes et perdent donc de la valeur avec le temps. Le Bitcoin, en revanche, a un maximum de 21 millions de pièces. Lorsque ce nombre sera atteint, plus aucune pièce ne pourra être « émise » ! Number go up fait donc référence à la valeur du Bitcoin qui, selon une théorie née sur les réseaux sociaux, aurait tendance à augmenter sur le long terme. En particulier quand le marché est en baisse, les bitcoiners se consolent ainsi en se répétant « number go up » et en s’encourageant ! L’avenir du Bitcoin en dépend-il vraiment ?

Le Bitcoin règle cela

Tu n’aimes pas le système économique actuel ? Tu détestes le fait que ton compte bancaire perde de la valeur même si tu ne dépenses rien ? Le Bitcoin peut y remédier ! Cet idiome est largement utilisé par les Bitcoiners qui tentent de faire comprendre à leurs amis le potentiel de la blockchain. Les passionnés de Bitcoin, en fait, croient que les crypto-monnaies sont le seul moyen de « réparer » le système économique actuel. La monnaie fiduciaire ? Vade retro !

Analyse les chiffres, fais les calculs

Le grand avantage de la blockchain est que chacun peut contribuer au développement des plateformes décentralisées, et surtout chacun peut vérifier que les transactions sont correctes ! « Fais le calcul » est très similaire à l’autre principe de base de la crypto, à savoir DYOR. Les organismes centralisés ne sont plus dignes de confiance, quelque chose ne va pas ? Toi, l’utilisateur, disposes des outils pour t’assurer que tout fonctionne correctement ! Et si la communauté travaille ensemble, alors un système décentralisé devient plus sûr qu’un coffre-fort !

Je suis dans les Bitcoins pour la technologie

Qui a dit que le Bitcoin n’était qu’une monnaie ? La blockchain a apporté d’innombrables innovations dans de nombreux domaines, et promet de continuer à le faire à l’avenir. Dès lors, si le prix du Bitcoin baisse, il est facile de reconnaître un fan : il te dira sûrement qu’il possède la crypto non pas à cause de son prix sur le marché, mais à cause de sa vraie valeur, la technologie. 

Peu de gens le comprennent

Pour un Bitcoiner, le Bitcoin n’est pas qu’une monnaie mais une véritable révolution. Et, comme on le dit souvent sur les réseaux sociaux, peu le comprennent ! En effet, il est difficile de penser que les crypto-monnaies puissent changer radicalement le système financier tel que nous le connaissons, composé de monnaies fiduciaires, de géants et d’institutions financières centralisées.

Pourtant, l’esprit d’un Bitcoiner est toujours projeté vers l’avenir. S’il est impossible de prédire les politiques économiques des États et des banques, la politique économique du Bitcoin est écrite dans son whitepaper depuis 2008, et reste immuable. Donc, si un de tes amis t’explique tous les avantages de la blockchain, prépare-toi à rejoindre le club des « rares personnes » qui comprennent le potentiel du Bitcoin !

Taux d’accumulation

Si tu crains qu’il ne soit trop tard pour acheter du Bitcoin, ne t’en fais pas, les vrais fans sont toujours ouverts aux nouveaux arrivants ! Même si un Bitcoin vaut aujourd’hui plus de 30 000 dollars, ne baisse pas les bras, tu peux aussi te contenter d’en acheter juste un « morceau » ! Un satoshi équivaut à 0,00000001 BTC et est la plus petite unité de division possible d’un Bitcoin. Même si tu ne peux pas te permettre d’acheter un Bitcoin complet, tu as encore le temps d’accumuler des satoshis ! Le nom dérive évidemment du célèbre Satoshi Nakamoto, à qui la communauté a voulu rendre hommage en donnant son nom à la « petite monnaie » du Bitcoin.

Tu sais maintenant comment reconnaître un fan de Bitcoin ! Es-tu d’accord avec ces mèmes ? Ou peut-être te sents-tu plus proche de la façon de penser de l’équipe Ethereum ? Le challenge entre Bitcoiner et Etherean est toujours ouvert !

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Kusama (KSM) lands on Young Platform!

kusama

New listing on Young Platform! Here is KSM, the token of Kusama, the blockchain for those who want to test the Web3

From the developers of Polkadot, from the co-founder of Ethereum, from the technology of the Web3 Foundation, here’s Kusama! From today on Young Platform you can buy KSM, the token of the blockchain known as a sandbox for developers of decentralised projects.

What is Kusama?

Kusama is a blockchain born in 2016 as an experimental version of Polkadot. The goal of its developers was to have a network with a token that was actually on the market in order to test dapps or updates, and then to bring them to Polkadot. It is precisely because of this testing function that Kusama is called a “canary network”, referring to the scouting role of canaries used by miners to detect harmful gases in mines. 

Although it is independent of Polkadot, Kusama shares its basic code and, like Polkadot, is defined as a Layer 0 blockchain on which to build parachains and parathreads. Compared to Polkadot, Kusama is a lighter and faster blockchain designed for the development of decentralised projects.

What is KSM?

KSM is the native token of the Kusama blockchain. The KSM token is mainly used for staking on which the blockchain’s consensus mechanism, the Nominated Proof-of-Stake, is based. According to this mechanism, block validators are appointed based on the amount of KSM being staked. The token is also used to vote on network governance and to connect parachains and parathreads to Layer 0.

Why have we chosen KSM?

Like Polkadot, Kusama focuses on a key feature of Web 3.0 blockchains, namely interoperability. Together the two chains form an ecosystem focused on scalable and secure technology development. In fact, Kusama is perfect for experimenting with the potential of Polkadot in a cheap and fast way. Kusama is much more flexible and sets less strict rules for developers. Once you are fully operational on Kusama, you can get going on Polkadot!

Which pairs are available for KSM?

  • KSM-EUR

Want to know more?

Read the Academy article out tonight!