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DeFi lands on Young Platform Pro!

Discover the DeFi tokens on Young Platform Pro: decentralised finance is an alternative

Young is always happy to bring its users new mission-oriented projects, that’s why from today many DeFi tokens will be supported on Young Platform Pro. Trading and custody are now available for these seven tokens, which are completely new to our ecosystem: Uniswap (UNI), Curve (CRV), Synthetix (SNX), Chainlink (LINK), Augur (REP), Gnosis (GNO) and Kyber (KNC).

We are firmly convinced that the greatest power of the blockchain lies in its decentralised nature. That is why DeFi, i.e. Decentralised Finance has all the resources to institutionalise the world of cryptocurrency, representing an increasingly powerful alternative to traditional banking services.

Uniswap (UNI)

Uniswap is a decentralised exchange, known for facilitating automated DeFi token trading. UNI is the governance token of the network and is an ERC-20 token. As a governance token, it is used to make decisions and authorise transactions on the Uniswap network.

Curve (CRV)

Curve is a decentralised exchange for stablecoins, governed by a DAO, i.e. a decentralised organisation. The native token of the Curve ecosystem is the Curve DAO token (CRV). Launched in January 2020, Curve experienced significant growth in the second half of 2020.

Synthetix  (SNX)

Synthetix is an Ethereum blockchain-based protocol that allows users to bet on various external assets by trading and issuing synthetic assets in a process known as “collateralisation”.
Each of these assets is an ERC-20 token that reflects the price of external assets such as, for example, the dollar price. These assets are created by staking the network token, the Synthetix Network Token (SNX).

Chainlink (LINK)

Chainlink is a decentralised network that connects smart contracts with the outside world through “oracles”, external data providers. LINK, the token operating on the network based on the Ethereum blockchain, is the top DeFi token by market capitalisation. Chainlink is also available on Young Platform.

Augur (REP)

Augur is a betting platform based on the Ethereum blockchain which, through the use of its own token, the REP, allows you to create and participate in prediction markets. If the prediction made is correct you win REP, otherwise, you lose them.

Gnosis (GNO)

Gnosis is a prediction market used to gather forecasts from experts and people around the world to help anticipate future events. Gnosis is based on two tokens: OWL and GNO. GNO is an ERC-20 token that is obtained as a reward for a correct prediction.

Kyber Network (KNC)

Kyber is the most widely used liquidity protocol in the DeFi world that can be integrated into any application to allow the exchange of tokens without the need for an intermediary. Kyber Network Crystals (KNC) is the ERC-20 utility token of the network. KNC owners can stake their tokens on KyberDAO and vote on various proposals concerning the development and operation of the network and receive a reward in ETH.

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Dash and EOS land on Young Platform!

New altcoin on Young Platform: Dash and EOS! You will love them for fast transitions and dApps

Dash (DASH)

Young is pleased to announce support for Dash (DASH), one of the world’s most widely used alternative cryptocurrencies. 

What is Dash (DASH)?

Dash is an alternative to Bitcoin that offers the possibility to make transactions in a private, fast and cheap way.

Why Dash (DASH)?

Dash can process transactions faster than Bitcoin, making it a popular altcoin. 

Furthermore, it offers the possibility to send transactions anonymously by making the connection between sender and receiver untraceable.  

Will Dash (DASH) be available on both Young Platform and Young Platform Pro?

Yes, Dash will be listed on both exchanges.

Which Dash pairs will be available?

Young Platform:

DASH – EUR

DASH – BTC

Young Platform Pro:

DASH – EUR

DASH – BTC

EOS (EOS)

Today Young also lists EOS (EOS), the native cryptocurrency of EOS.IO, one of the most scalable blockchains on the market.

What is EOS (EOS)?

EOS is the cryptocurrency that powers EOS.IO, a blockchain designed to help developers build dApps quickly and without fees.

Why EOS (EOS)?

EOS, besides being of interest to those who want to build dApps, it also appeals to developers who have already launched dApps on other blockchains that, due to the user experience offered and the lack of transaction fees, consider it more convenient to switch to the EOS blockchain.

Will EOS (EOS) be available on both Young Platform and Young Platform Pro?

Yes, absolutely! EOS will be listed on both our exchanges.

Which EOS pairs will be available?

Young Platform:

EOS – EUR

EOS – BTC

Young Platform Pro:

EOS – EUR

EOS – BTC

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Follow the price of Tether (USDT) on Young Platform

price of tether usdt

Thanks to its peg to the dollar, the price of Tether combines the stability of fiat currencies with blockchain technology. Discover how it works.

What is Tether (USDT)?

Tether (USDT) is a stablecoin, a cryptocurrency whose value replicates that of a fiat currency (such as the dollar or euro) or commodities like gold. The project’s name is derived from the English verb “to tether,” meaning “to tie.” Tether’s price is tied to the US dollar. Today, Tether is issued by Tether Ltd, a company based in Hong Kong.

Launched officially in 2014 under the name “Realcoin,” the project has its roots in Mastercoin, the first ICO ever developed. Tether was created by Brock Pierce, Craig Sellars, and Reeve Collins, the founders of Mastercoin. These three entrepreneurs are now well-known figures in the crypto universe. The USDT token was initially exclusively based on the Bitcoin blockchain via the Omni Layer Protocol. Over the years, due to Tether’s success within the Web3 community, the number of blockchains supporting USDT has expanded to include Ethereum, Algorand, and Solana. Soon, USDT will also be supported on the Polkadot blockchain.

What is USDT?

USDT is the token issued by Tether Ltd and is a multichain cryptocurrency, meaning multiple blockchains support it. As a stablecoin, USDT’s value was initially pegged to the dollar (USD): one unit of USDT equals 1 USD (following a 1:1 ratio). The issuance of USDT is backed by large reserves of fiat currencies, which aim to ensure the dollar peg and stability.

Why follow the price of Tether?

Tether is a stablecoin that plays a crucial role in decentralised finance (DeFi): the USDT token is used in numerous DeFi protocols (such as Aave, Solana, or UniSwap). USDT is used to transfer money and make payments worldwide and is currently one of the most widely used stablecoins. Tether (USDT) is one of the highest market capitalisation stablecoins along with USD Coin.

Additional information

USDT in the context of MiCA

The entry into force of European Regulation No. 2023/1114 of 31 May 2023, relating to Markets in Crypto-assets (MiCA), marked a fundamental milestone for stablecoins and the digital asset market across the entire European Economic Area (EEA). The first block of the regulation came into effect on 30 June 2024, significantly impacting stablecoins. MiCA defines stablecoins into two main categories: Asset-Referenced Tokens (ART) and E-money Tokens (EMT), for which specific requirements are outlined in Articles 16 and 48 of the regulation. Additionally, on 25 June 2024, the Italian government approved a Legislative Decree to align the national regulatory framework with the MiCA Regulation, ensuring coordination with the existing sector regulations in Italy, particularly the TUB and the TUF.

Disclaimer

This marketing communication is issued by Young Platform S.p.a., an authorised cryptocurrency exchange and a registered digital asset service provider in France (Prestataire de Services sur Actifs Numériques – Autorité des Marchés Financiers) and in Italy (Operatore Valute Virtuali (PSV1) – Organismo Agenti e Mediatori).

Young Platform S.p.a. is not responsible for such content nor for any errors contained within it or actions taken in relation to it. The content of the news and third-party reviews or opinions is provided for informational purposes only and should not be considered investment advice. This information does not constitute a recommendation to purchase or sell a particular digital asset or an investment strategy. Young Platform S.p.a. makes no warranties as to the accuracy, suitability, or validity of the information provided or any particular asset. Prices are provided for illustrative purposes only and may vary. The data presented may reflect assets traded on the Young Platform S.p.a. platform and on selected other cryptocurrency exchange platforms.

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Bitcoin Cash (BCH) is now available on Young Platform

Young Platform list Bitcoin Cash, the cryptocurrency that allows lower fees thanks to multiple transition in a block

Young is pleased to announce that starting today you’ll be able to purchase and sell Bitcoin Cash (BCH) one of the main cryptocurrencies on the market, on the Young Platform exchange.

Bitcoin Cash was launched on August 1st, 2017, the brainchild of the well-known Bitcoin community member: Roger Ver. A number of Bitcoin miners, led by Ver, proposed to increase the block size to 8MB so that more transactions could be included in each block. However, not the whole community accepted this proposal and a hard fork occurred. Currently, BCH is the sixth cryptocurrency, with a capitalisation of over 4.5 billion Euros.

Why did Young Platform decide to list Bitcoin Cash (BCH)?

Since it is one of the main cryptocurrencies, Young’s community strongly wanted this new coin: that’s why from today Bitcoin Cash (BCH) is finally available on our platform!

How much is 1 Bitcoin Cash (BCH) worth?

Currently, 1 Bitcoin Cash (BCH) is €250.00.

What is the total number of Bitcoin Cash (BCH) on the market?

There are currently 18,500,000 BCH on the market. As for Bitcoin, the maximum number of BCH that will be issued is 21 million.

What is the maximum value reached by Bitcoin Cash (BCH)?

On December 20, 2017 Bitcoin Cash (BCH) reached its all-time high of 3645 Euro.

Which Bitcoin Cash pairs will be available on Young Platform?

BCH/EUR

BCH/BTC

What are the fees for BCH?

Trading fees for BCH range from 2.5% to 1.35%:

Euro – BCH: 2.5%

Bitcoin – BCH: 1.35%.

The story of Bitcoin Cash: its founder

Roger Ver is a famous investor and one of the first Bitcoin adopters. He has invested millions of dollars in several emerging startups operating in the cryptocurrency world, including Ripple, Z.Cash, Blockchain.com, Bitpay, Purse.io and Kraken. He is also the CEO of Bitcoin.com and one of the five founders of the Bitcoin Foundation, to which he has also donated more than $1 million in Bitcoin. Ver sees Bitcoin as a way to achieve economic freedom. In the crypto community, he is also known as Bitcoin Jesus.

Ver has described Bitcoin Cash as the “real Bitcoin“, stating that in the near future the cryptocurrency will have a market capitalisation, trading volume and a larger user base than its big brother. It also appears that most of Ver’s funds are now in Bitcoin Cash, perhaps the most important indicator of his confidence in this currency.

The main features of Bitcoin Cash

 With Bitcoin cash we are in the presence of a cryptocurrency based on four key features

  • Decentralisation: the network is fully distributed
  • Peer-to-Peer: you can send Bitcoin Cash directly from A to B without intermediaries
  • Security: it uses sophisticated encryption systems to prevent hacking, fraud and attacks
  • Transparency: all transactions are available on the Bitcoin Cash blockchain, accessible and verifiable by everyone

For its supporters, Bitcoin Cash is a more convenient cryptocurrency than traditional Bitcoin: since blocks go from 1 to 8 Mb, Bitcoin Cash allows you to process many more transactions in a block. As a result, larger transaction volumes can be processed faster with lower fees. Plus, because the level of difficulty inherent in Bitcoin Cash’s mining activities varies depending on how many miners are active on the network, many of which have migrated to Bitcoin Cash, this allows them to generate higher profits at a faster pace.

50% discount on fees for BCH!

To celebrate the listing of Bitcoin Cash, Young decided to halve the fees to buy and sell BCH!

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Follow the price of Dai (DAI)

price of DAI

Young Platform’s exchange is expanding and welcoming stablecoins, the cryptocurrencies that aim to defeat market volatility. Now, the turn of Dai, Maker’s stablecoin, reflects the US dollar price.

What is MakerDAO?

The Dai stablecoin was developed and launched in 2017 by MakerDAO, one of DeFi’s longest-running and most popular projects on Ethereum. In line with the DeFi philosophy, the Maker project is managed decentralised via a decentralised autonomous organisation (DAO) and is, therefore, governed by its community. MakerDAO has developed its own token, Maker (MKR), and DAI, its stablecoin pegged to the dollar price.

What is DAI?

DAI is one of the first decentralised stablecoins in the crypto landscape. It replicates the value of the dollar in a 1:1 ratio. DAI maintains its peg to the dollar through a pool of cryptocurrencies, mainly ETH, USDC and WBTC. Unlike centralised stablecoins such as USDC, it does not use fiat currencies as collateral. DAI is designed to provide rapid access to decentralised financial services like lending.

Why follow the price of Dai (DAI)?

DAI is a fully decentralised stablecoin, which implies transparent project management. Decisions regarding the stablecoin are, in fact, taken collectively by the entire community through on-chain voting systems. DAI also ranks among the top stablecoins in terms of market cap. Thanks to its relative stability and retention of the dollar peg, it has, over time, become a popular stablecoin, chosen by many as an alternative to the volatile market.

Price of DAI July 2024: € 0,9314

Want to know more?

Dai in the context of MiCA

The European Regulation No. 2023/1114 entry into force of 31 May 2023, concerning the Markets in Crypto-Assets (MiCA), marked a significant milestone for stablecoins and the digital asset market throughout the European Economic Area (EEA). A first block of the regulation came into effect on 30 June 2024, significantly impacting stablecoins. MiCA defines stablecoins in two main categories: ART (Asset-Referenced Tokens) and EMT (E-money Tokens), for which specific requirements are provided in articles 16 and 48 of the regulation. Furthermore, on 25 June 2024, the Italian government approved a Legislative Decree to adapt the national regulatory framework to the MiCA Regulation, ensuring coordination with existing sector provisions in Italy, particularly with the TUB and TUF.

Disclaimer

This marketing communication is issued by Young Platform S.p.A., an authorised cryptocurrency exchange and a registered digital asset service provider in France (Prestataire de Services sur Actifs Numériques —Autorité des Marchés Financiers) and Italy (Operatore Valute Virtuali (PSV1)—Organismo Agenti e Mediatori).

Young Platform S.p.A. is not responsible for such content or any errors present in the content or actions taken. The news content and third-party reviews or opinions are provided for informational purposes only and should not be considered investment advice. This information does not constitute a recommendation to buy or sell a specific digital asset or for an investment strategy. Young Platform S.p.A. makes no warranty regarding the accuracy, suitability, or validity of the information provided or a specific asset. Prices are indicated for illustrative purposes only and may vary. The data presented here may reflect assets traded on the Young Platform S.p.A. platform and other selected cryptocurrency exchange platforms.

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Young announces the new partnership with MakerDAO!

Dai in Young Platform exchange: the most adoptded decentralized stablecoin in the cryptocurrency market

We are thrilled to have the opportunity to cooperate with MakerDAO to push comprehension and mass adoption of DeFi: we will educate the Italian audience about Maker’s stablecoin Dai through Young Academy and Stepdrop. Later on, we are also planning the integration of Dai in the Young ecosystem.

MakerDAO is one of the most innovative projects in the Decentralized Finance (DeFi) movement – a catch-all term for financial tools and services that don’t rely on centralized parties to coordinate and control access.

MakerDAO issues Dai, the world’s first unbiased currency and leading decentralized stablecoin on the Ethereum blockchain. Dai eliminates volatility through an autonomous system of smart contracts specifically designed to respond to market dynamics. Since its launch in 2017, Dai has successfully maintained a soft peg to the US Dollar (1 DAI ≃ 1$).

Price volatility is a major barrier for a massive amount of “everyday” users to continuously use blockchain applications. With a presence on numerous cryptocurrency exchanges, multiple partnerships with global companies, and agreements with organizations serving non-government agencies, Dai is right now the main and most adopted decentralized stablecoin on the market to solve this pain point and can therefore open the way to new scenarios.

We are very excited to start our journey in DeFi together with Maker since we believe DeFi has become one of the main trends in the crypto space with its huge potential of democratizing the financial system.

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The new Ranking is out now!

Discover the new Profile Section and the new Ranking on Young Platform Step: you can decide the duration, the number of partecipants and the prizes!

Many things have changed in these months and our movements are still restricted, but Step wants to take back a little bit of freedom.

So no more weekly rankings: now you choose the terms of the race!

Whereas the ranking has always been a great virtual gathering of walkers and runners, from now on small groups of friends or community users will form thanks to the new custom rankings.

How does it work?

With the new Rankings section ou have a new way to challenge your friends and the Community. Decide the duration, the number of participants and the prize up for grabs.

The prizes work like this: participation requires a contribution in YNG and the sum of each participant’s contributions will go to the winners.

Another new feature is that, once you’ve joined a ranking, you can invite your friends to compete with you.

What can I do to start?

  • Join the ranking of another Step user
  • Create a new ranking yourself

Read the complete guide for full details on how the Ranking section works.

What about the old rankings?

All old rankings (global and weekly) are deactivated and their winners will no longer receive prizes from today.

Other news

The Profile section has also changed.

You can now find an overview of all your progress related to steps and the Up&Down functionality.

Moreover, products purchased in the Marketplace have been removed from the Profile and placed in the Marketplace toolbar (icon at top right).

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Young Platform continues its social commitment: support Dynamo Camp

Join the Dynamo Camp’s fundraising campaign by donating cryptocurrency through Young Platform’s app

Young Platform now offers to all its users the possibility to donate for Dynamo‘s new fundraising campaign, by inserting a banner inside the Stepdrop app and on the Young Platform exchange.

Dynamo Camp Onlus is an association that offers free Recreational Therapy programs to children from 6 to 17 years old, suffering from serious or chronic diseases, to their families and brothers and sisters. The activities take place at Dynamo Camp and, with Dynamo Programs, in hospitals, pathology associations and family homes in the main cities of the Italian territory.

“After contributing to the success of the Italian Red Cross fundraising with Helperbit, Young Platform’s commitment to supporting charitable initiatives continues,” said Andrea Ferrero, CEO & Co-Founder of Young Platform.

“In a difficult time like the one we are experiencing, we believe that it is more important than ever to support and introduce our users to realities like Dynamo that have been committed to helping the community for years”, concludes Ferrero.

Dynamo, which has been in business for over 13 years, structures its activities according to the Dynamo Recreational Therapy model, which has objectives of fun and entertainment but also and above all of being a stimulus to children’s abilities and of renewing self-confidence and hope.

“We hope that this is only the beginning of a long collaboration between our two realities. We are in fact already working on further initiatives, such as some ad hoc features on our Stepdrop app designed for Dynamo and the possibility of making donations directly in cryptocurrency,” says Diego D’Aquilio, CMO & Head of International Expansion of Young Platform.

Dynamo is part of the SeriousFun Children’s Network, which since its first Camp in Connecticut in 1988 by actor and philanthropist Paul Newman, has seen more than 1,185,000 children and family members participate in its programs around the world from more than 50 countries. Since 1988, 275,800 volunteers have dedicated their time to SeriousFun projects, demonstrating how deeply rooted and internationally present this organization is.

To help raise money for Dynamo

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Cryptocurrency, capital increase for the Italian exchange Young Platform

youngplatform_sole24ore

Only 5 months after the launch of its exchange, Young Platform has opened a capital increase and appointed a Board of Directors

Young Platform announces the opening of a new capital increase and the appointment of the Board of Directors, despite the difficult moment due to the COVID-19 emergency. 

Only 5 months after the launch of the Young Platform exchange, the company, based in Turin and with an office in London, has recorded a significant growth both in terms of registered users and volumes transacted, in a market such as that of Bitcoin and cryptocurrency, which seems to be reacting positively to the current financial crisis. 

“In this challenging worldwide economic situation we decided not to stop but to react by announcing two important new operations”, says Andrea Ferrero CEO & Co-Founder of Young. “We have in fact opened a capital increase involving a number of highly prestigious Italian and international investors and appointed a Board of Directors whose objective is to institutionalize the company and give more and more credibility to our sector”, concludes Ferrero. 

In addition to Ferrero himself, the new Board of Directors is composed of Mariano Giovanni Carozzi and Alberto Bertagnolio Licio, formerly Young’s CFO. 

Carozzi has decades of experience in the banking world (first in Banca Sella and then in Banca Profilo) and for several years he has been personally involved in the evolution of the Italian fintech world (having founded Prestiamoci and having been Chairman of Tinaba). 

“I decided to embrace the project because I strongly believe in its team and in the further growth of this sector, a growth which we will witness in the coming years and of which Young will be the absolute protagonist”, says Carozzi. 

The company has also identified in the law firm “Gitti and Partners” (specifically in Prof. Gregorio Gitti) and in the notary Remo Maria Morone the professional figures who will guide it in the coming months in a path with the ultimate goal of making Young Platform the first fully regulated Italian exchange of cryptocurrency. 

This path began a few months ago with a collaboration agreement on Anti-Money Laundering with Netech and with the subsequent inclusion within the company structure of Mr Ettore Valsecchi as AML Manager (who has thirty years of experience in the sector and who collaborates on these issues with the most important Italian financial institutions) and with the appointment of Mr Alessandro Perillo as Internal AML Manager. 

“Over the last few difficult weeks, Young Platform has also entered into new partnerships with some of the most important international companies in the blockchain world, which will be announced shortly, and was supported by Helperbit in a cryptocurrency fundraising campaign for the Italian Red Cross, thus confirming that the crypto ecosystem at international level is in turmoil and more alive than ever,” says Diego D’Aquilio, CMO & Head of International Expansion of Young Platform.

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Stellar (XLM) lands on Young Platform

Stellar (XLM) available on Young Platform

XLM is Stellar’s crypto, the borderless payment network. It is available on the Young Platform exchange

Among the cryptocurrencies available for buying and selling on Young Platform is Stellar’s Lumen (XLM). Discover the features and use cases of one of the first altcoins after Bitcoin!

What is Stellar?

Stellar is a blockchain conceived in 2014 by Jed McCaleb, the founder of Ripple. It is led by the non-profit Stellar Development Foundation. From its inception, Stellar set out to improve the payment system that Bitcoin already offered. Today, this blockchain dedicated to payments and money transfers is distinguished by its noble vision to provide financial inclusion and to make the crypto world more green, ethical and sustainable. As of July 2022, Stellar reached 7 million accounts and processes billions of transactions annually.

What is Lumen (XLM)?

Lumen, also known as XLM, is Stellar’s cryptocurrency. What is XLM used for within Stellar’s network? Lumen is mainly used to pay commissions for transactions on the network. Commissions on Stellar are really cheap, they are set at 0.00001 XLM. Lumen is also indispensable to be able to use Stellar’s payment network. In order to access payment services, it is in fact necessary to possess a small amount of Lumen, i.e. a minimum of 1 XLM. These low economic access thresholds reflect the Stellar Development Foundation’s intention to make digital finance accessible to all.

Why did we choose XLM?

XLM is one of the very first altcoins, launched just before Ethereum. Stellar is one of the most established projects in the crypto landscape and it is fulfilling its mission of building a more fair economic system by connecting financial systems around the world. All through a platform that allows money to be transferred quickly, reliably and at minimal cost. In 2022, Stellar also started to open up to DeFi, announcing the development of native smart contracts.

Which pairs are available for XLM?

  • XLM/EUR
  • XLM/BTC

Want to know more?

Read the Academy article dedicated to Stellar, as well as the one about Denelle Dixon, director of the Stellar Development Foundation!