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Dogecoin (DOGE) lands on Young Platform!

You can now buy, sell and store Dogecoin (DOGE) on Young Platform!

What is Dogecoin?

The name of the coin is based on a well-known meme, namely the doge: a friendly shiba inu dog whose statements in comic sans are always sarcastic.

The creators are two software engineers: Billy Markus from IBM and Jackson Palmer from Adobe, who launched Dogecoin in 2013, as a satirical response to the hundreds of altcoins that were publishing whitepapers and calling themselves revolutionary.

7 years later it is among the top 10 cryptocurrencies on the market by capitalisation and has become the second most popular cryptocurrency in the world, thanks to its honorary godfather Elon Musk.

How does DOGE work?

Dogecoin is a simple means of exchange on the internet. As well as being used in social communities to trade without intermediaries between users and to support content creators, it is now accepted by more than 1,300 merchants.

The most famous of these are the Dallas Mavericks NBA team, the Kessler Collection hotel chain, AirBaltic and Post Oak Motor Cars, the first Rolls-Royce dealership.

Why has Young Platform decided to list it?

Dogecoin is now the 6th cryptocurrency on the market by marketcap and, despite its social media-driven volatility, is still on a positive trend, demonstrating that it can rely on a strong community.

Available pairs?

On Young Platform and Young Platform Pro you can buy and sell Dogecoin with the following pairs:

  • DOGE/EUR
  • DOGE/USDT

Want to know more?

Read our article about Dogecoin on the Young Academy!

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Polkadot (DOT) lands on Young Platform!

You can now buy, sell and store Polkadot (DOT) on Young Platform!

What is Polkadot?

Polkadot is not only a cryptocurrency, but first and foremost a next-generation blockchain. It was created as a “relay” blockchain that hosts “para-chains” in its network, i.e. other blockchains with specific use cases. It thus facilitates access to a wide range of blockchain-based services.

Not only does Polkadot succeed in connecting completely different projects on a technical level, but also facilitates intercommunication and, above all, does so in a scalable way.

How does the DOT coin work?

The role of the native Polkadot cryptocurrency (DOT) is key: you can stake DOT to receive rewards and participate in network governance. From $8.87 in January 2021, its value today is around $24, with an all-time-high at $48.68.

Why did Young decide to list it?

Polkadot is by far one of the most popular coins in the community this year and is currently ranked 9th for market capitalisation. And now Young Platform is the first Italian exchange to list this coin!

Available pairs?

Polkadot can be traded on both Young Platform and Young Platform Pro with the following pairs:

DOT/EUR
DOT/USDT

Want to know more?

Read our dedicated article on Young Academy!

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UniSwap (UNI) lands on Young Platform!

uniswap

Uniswap (UNI) is now available for purchase, sale and custody on Young Platform!

What is UniSwap?

UniSwap is the first successful Decentralised Exchange (DEX). UniSwap was created to facilitate decentralised trading.

How does the token work?

UNI is the governance token of UniSwap, launched two years after the birth of the exchange.
It allows to vote on decisions relating to the protocol or to delegate the vote. 

Why has Young decided to list it?

The UNI token, already on Young Platform Pro, lands on Young Platform too, by popular demand from the Young Community!

UNI has quickly climbed the market cap rankings to the top 10 and on Monday 3 May 2021 has reported an all time high, touching 45 dollars.

Want to learn more?

Don’t miss tomorrow’s in-depth look at UniSwap on the Young Academy!

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SushiSwap (SUSHI) lands on Young Platform Pro!

Starting today SushiSwap (SUSHI) is available for custody, purchase and sale on Young Platform Pro.

What is SushiSwap?

SushiSwap is a Decentralised Exchange (DEX) governed by the community. If you provide liquidity to SushiSwap and you contribute to the protocol, you will receive part of the transaction fees paid by DEX users.

How does the token work?

SUSHI is an ERC20 token and it’s the SushiSwap governance token.
Not only that, by staking SUSHI you can receive periodic rewards.

Why has Young decided to list it?

The project is strongly focused on the community and it is the third DEX for total value deposited. Moreover, SushiSwap’s roadmap for 2021 includes never-seen-before features in DeFi.

Available pairs?

On Young Platform Pro you can trade the SUSHI-USDT pair.

Want to learn more?

Here’s an in-depth look at Sushi on the Young Academy!

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Maker (MKR) lands on Young Platform Pro!

mkr

As of today, Maker (MKR) is available for purchase and sale on Young Platform Pro.

What is Maker (MKR)?

Maker (MKR) is the ERC-20 token of MakerDAO, a decentralised autonomous organisation providing decentralised financial services. MakerDAO is the same organisation that launched DAI, a popular decentralised stablecoin.

What is the difference between MKR and DAI?

If DAI is MakerDAO’s stablecoin, MKR is MakerDAO’s governance token.
This means that the price of DAI is pegged to the price of the dollar in a 1:1 ratio.
The price of MKR fluctuates according to market supply and demand.

Why has Young decided to list it?

MakerDAO is one of the earliest promising projects in the DeFi world, boasting two complementary coins, MKR and DAI, both among the top 50 in the market.
Not only that, its MKR governance token has grown by +395% in the last 6 months, peaking at $3,041 in February 2021.

Which pairs are available?

On Young Platform Pro you can trade MKR/USDT

Want to learn more?

Don’t miss tomorrow’s in-depth look at MKR on the Young Academy!

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Young among the Leaders Under 30 of 2021 for Forbes Italia

Today is a special day for the Young team! 🙌

It is with great satisfaction that we thank Forbes Italy for having included the 6 founders of Young among the 100 Leaders of the Future Under 30. 🚀

Together with the other under-30 entrepreneurs, we are contributing with the power of our ideas and our startups to revolutionise the way we work, care for ourselves, invest and buy.

We have come a long way since the beginning and we owe this mainly to you, our community and our investors. 💚

Together we want to celebrate this great achievement with you.

It took a healthy amount of madness, sleepless nights and a blind and unwavering faith in the team.

Enjoy your reading and on to the next goal!

👉 Read the article on Forbes

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Yearn Finance (YFI) lands on Young Platform!

yearn finance

What is Yearn Finance (YFI)?

Yearn finance is an aggregator service that allows you to optimise yield farming through various DeFi lending platforms. Yield farming is a set of different strategies that, besides trading, allow you to generate rewards from holding cryptocurrencies. YFI token holders also have the right to participate in the governance of the project.

How does it work?

The peculiarity of the Yearn Finance protocol is that the reward you receive is automatically optimised. Deposited funds are moved to the best protocol, so that the rewards you receive are maximised.

Why has Young decided to list it?

In the growing success of DeFi, the Yearn Finance project ranks as one of the first and most successful cases of DeFi Yield farming.
At launch, the price of the YFI cryptocurrency was around $700. Today, eight months later, it has a value of $33,700, registering an ATH at $51,000 on 12th February.

What are the available pairs?

You can find YFI on Young Platform in these pairs:

  •         YFI-EUR
  •         YFI-BTC

Want to know more?

Wait for tomorrow’s article on Yearn Finance by the Young Academy!

 

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AAVE lands on Young Platform and Young Platform Pro

What is AAVE?

Aave is a decentralised financial protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing their cryptocurrencies, while borrowers have new liquidity that they can use as long as they put their cryptocurrencies up as collateral.

AAVE has several strengths that make it unique in the DeFi landscape. The project allows people to borrow and lend around 20 different cryptocurrencies, giving users much more choice. It created the first uncollateralised loans, known as “flash loans”, which allow professionals and developers to take advantage of certain market situations.

Also, unlike other lending projects, with Aave you can alternate between stable and variable interest rates. Variable rates can come in handy if the cryptocurrency borrower thinks prices will fall in the near future.

 

Available Pairs

You can find AAVE on Young Platform and Young Platform Pro with these pairs:

  • AAVE-BTC
  • AAVE-EUR

 

 

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Everything you need to know on Ripple, XRP and the SEC

According to European legislation, Ripple is compliant. Therefore Young Platform will not be removing XRP

The Enquiry

On 22 December, the SEC filed a lawsuit against Ripple Labs, the company behind the cryptocurrency XRP. The SEC (Securities and Exchange Commission) is the federal agency that oversees the US stock exchange. The SEC is investigating the relationship between Ripple Labs and XRP, alleging that the latter is actually a security token.

The SEC alleges that the founders launched the XRP currency by selling it as a share of the Ripple company, without registering it as such. The ICO launched by XRP raised more than $1.3 billion from investors all around the world. Therefore, the lawsuit centres on the fact that the SEC holds Ripple Labs responsible for failing to register its offering as an investment contract for investors. Ripple promptly responded to the lawsuit, anticipating the SEC’s official charges on Twitter.

XRP will stay on Young Platform

The debate has led to the major US-based exchanges delisting or planning to delist XRP.

However, according to European legislation, Ripple is compliant. Therefore Young, like other European exchanges, will not be removing XRP from the Young Platform and Young Platform Pro exchanges at this time. This is because we want to avoid harming our users and give them the ability, in accordance with current European regulations, to continue to sell, buy or trade their XRP.

The future of XRP on Young Platform

Should the company’s main liquidity providers remove Ripple from their offerings, it is likely that Young will also be forced to delist XRP. Should this happen, our customers’ funds will still be protected by allowing them to be converted to fiat or sent to external wallets prior to removal. Again, users will be notified well in advance to allow them to better plan and manage their XRP funds.

Young will continue to follow the debate closely and keep its users updated.

XRP recorded a 55% growth in the last 24 hours.

Read more about Ripple and XRP in our dedicated Academy article.

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Young Supports Spark Airdrop For Ripple (XRP) Holders

spark

Young Platform will distribute the Spark token to all Ripple holders in proportion to their XRP balance

Young will be supporting Flare Network’s Spark (FLR) token airdrop, so all Ripple (XRP) holders on Young Platform and Young Platform Pro exchanges will be able to claim the Spark token.

Spark Token Distribution

Young will distribute the Spark token (FLR) to all Ripple (XRP) holders on the Young Platform and Young Platform Pro Exchanges based on the snapshot of their Ripple XRP balances on 12 December 2020, 00:00 UTC (approximate time).

Deposit or buy Ripple (XRP) with your Young account before this date, to be eligible for the airdrop. Users will receive Spark tokens in proportion to their XRP balance.

The amount of distributed Spark tokens for each user holding XRP will be calculated based on the following formula:

User A = Amount of XRP held by User A at the time of snapshot / Total XRP held by Young at the time of snapshot * Total SPARK received by Young for the airdrop

Please note:

  • Ripple (XRP) deposits, withdrawals and trading will be suspended starting from 11/12/2020 09:00 PM (CET).
  • After this time, Ripple (XRP) that has not been deposited will not be included in the distribution calculation.
  • The time of the snapshot and amount of distributed tokens may be adjusted according to changes on the Flare network.
  • The distribution for Spark tokens is currently set for the first half of 2021, and this is subject to change at Flare’s discretion.
  • Supporting this airdrop does not guarantee the listing of Spark on Young Platform and Young Platform Pro. The default position we have is no listing.
spark

Thanks for your support!

The Young Team