How does Young Platform Step work? The complete guide
Young Platform Step is the app that allows you to accumulate YNG tokens by walking, playing and learning all about the crypto world!
Young Platform Step is the ideal free app to learn about the world of crypto by playing games and completing challenges. In fact, every feature is a game on Step and if you win, you can receive a prize in YNG.
But what is YNG? It is the token of the Young Platform ecosystem, i.e. a token with real value in the market.
On Young Platform Step, you can start accumulating your first token (YNG) and get access to lots of free resources to learn the basics of the crypto world, step by step!
How does a blockchain work? What is Bitcoin for? What are NFTs? With Step, we get down to business and answer all your questions, simply and clearly. But it doesn’t end there! Once you’ve earned your first YNGs, you can transfer them to the Young Platform exchange where you can take advantage of key crypto services such as buying and selling or the Earning Wallet. Find out how Young Platform Step works and what all the games and activities available with the app are!
How can I obtain YNG tokens?
On Young Platform Step, there are several ways to accumulate YNG tokens for free:
1. Step and claim challenges
Step counts all your steps (if connected to Google Fit or Health).
With the ‘claim’ button, you can redeem them and accumulate them to participate in the Step Challenges (you will recognise them, they are the ones in the yellow boxes). You can get 0.10 YNG for every 10,000 steps and 0.15 YNG for every 20,000. On the other hand, the Fuchsia Challenges do not count steps, but all the times you redeem them. There are tokens up for grabs for these as well! Remember to redeem your steps every time you accumulate 4,000 steps, otherwise Step will stop counting.
2. Step rankings
In the ‘Ranking’ section of the app you will find the step rankings! The challenge is to beat the other users in the Step community, and see who can accumulate the most steps in a time interval. You can join an existing ranking or create one, each of them has a limited duration and number of places. To participate, you have to pay a small share of your YNG. The sum of the shares of all participants will be distributed to the winners of the rankings. Furthermore, the more leaderboards you win, the more you progress in the Blue Challenges (you also get YNG with these).
On Step, you can learn everything about the world of crypto, from the basics to the more advanced aspects. You can do this through the specific Young Platform Academy articles divided into six categories:
● Blockchain to learn what the underlying technology of cryptocurrencies is and how it works;
● Cryptoeconomics to discover the specific features and characteristics of the crypto economy;
● Cryptocurrencies to delve into the main cryptocurrencies on the market, from their tokenomics to their use cases;
● Crypto Heroes to get up close and personal with the protagonists of the crypto world, from Vitalik Buterin to the mysterious Satoshi Nakamoto;
● Easy Economics to explore basic economic concepts;
● Trading to inform you about the theory and practice of trading.
Each item is associated with a quiz that allows you to get YNG if you guess the correct answers. To take the quiz you have to spend one life. You are allocated 3 lives by default. When you run out of lives, you can recover them by waiting for the indicated time or watching one of the advertising videos.
In the Up&Down section, you can try to guess whether the price of a crypto will go up or down by choosing a time interval between 3, 6 or 12 hours. For each correct prediction, there are YNGs up for grabs. The wider the time interval you choose, the higher the share of YNGs. Step counts all your correct predictions that advance you in the Green Challenges. Release the trader within you!
On Step you can also find the Marketplace, which allows you to receive cashback in YNG of up to 20% on purchases from selected shops such as Nike, Guess or Decathlon. Step is also your one-stop shop for news and the latest updates from the crypto world, selected for you day by day directly from the Young Platform Blog.
How can my YNGs be transferred to Young Platform?
Once you have accumulated your YNGs on Step, you can transfer them to the Young Platform app. From there, you can either take part in reserved promotions by joining the Clubs, or use them for trading. Young Platform is an exchange where you can buy and sell major cryptocurrencies. To transfer YNG from Step to Young Platform, you need to link the two accounts, complete a minimum deposit of 20 Euros and a minimum crypto trade of 20 Euros. The next day, you can create a gift card from Step and send your YNGs to Young Platform. You can find the process explained in detail here. The minimum amount of YNG that can be transferred is 45 YNG.
What is the YNG token for?
The YNG token is the utility token of the Young Platform ecosystem, i.e. a token that has a fundamental and precise use within a crypto project. Many projects in the industry in fact also have their own utility token. YNG is the token that unites the community with Young Platform, as well as offering advantages. In a nutshell, what is the YNG token for? Why accumulate it on Step? Well, YNG facilitates your experience on the Young Platform exchange. With your YNGs, you can sign up for Clubs and get fee discounts, improved rewards in the Earning Wallet feature and more tokens in airdrops. YNG is also a real token, that you can trade like any other. To learn more about how Young Platform Step works, please see all the dedicated Support Guides.