Young Platform

Guide to Club Benefits for Staking on Young Platform

Filippo Iachello

October 7, 2024

6 min

Discover how to earn double rewards from a single stake.

Staking on Young Platform not only allows you to earn standard rewards, but if you’re a member of one of the Clubs, you can also benefit from extra perks in the form of YNG tokens. These additional benefits accumulate over time and are credited when the stake ends, further boosting your overall earnings.

Club benefits

Young Platform Club members receive extra rewards in YNG tokens, which are calculated based on their club level. The levels and corresponding bonuses are:

Ethereum (ETH) Staking

Bronze Club: +5% bonus on APY in YNG tokens
Silver Club: +15% bonus on APY in YNG tokens
Gold Club: +30% bonus on APY in YNG tokens
Platinum Club: +70% bonus on APY in YNG tokens

Solana (SOL) Staking

Bronze Club: +3% bonus on APY in YNG tokens
Silver Club: +8% bonus on APY in YNG tokens
Gold Club: +15% bonus on APY in YNG tokens
Platinum Club: +35% bonus on APY in YNG tokens

Cosmos (ATOM) Staking

Club Bronze: +0,75% bonus on APY in YNG tokens
Club Silver: +2,5% bonus on APY in YNG tokens
Club Gold: +5% bonus on APY in YNG tokens
Club Platinum: +11,5% bonus on APY in YNG tokens

Celestia (TIA) Staking

Club Bronze: +1,5% bonus on APY in YNG tokens
Club Silver: +5% bonus on APY in YNG tokens
Club Gold: +10% bonus on APY in YNG tokens
Club Platinum: +23% bonus on APY in YNG tokens

Join a Club

How does the Club bonus work?

To better understand how this works, let’s look at a practical example:

Amount in staking: €1,500
Cryptocurrency staked: Ethereum
Ethereum APY: 5%

If you’re a Platinum Club member, you earn an additional 70% of the 5% APY as a bonus in YNG tokens. This means your bonus will equal 3,5% of the staked amount in YNG tokens. Specifically:

Ethereum APY: 5%
Platinum Club Bonus: 70% of 5% = 3,5%

In this example, a Platinum Club member staking ETH would receive:

Reward in ETH:
5% of €1,500 = €75 in Ethereum (ETH)
Bonus in YNG tokens:
3,5% of €1,500 = €52,50 in YNG tokens

Thus, by staking €1,500, Platinum Club members in this example receive €75 in ETH and €52,50 in YNG tokens, totalling €127,50 in overall rewards.

Similarly, members of other Clubs receive a progressively increasing percentage:

Bronze Club: +5% of 5% APY = 0,25% extra reward in YNG tokens
Silver Club: +15% of 5% APY = 0,75% extra reward in YNG tokens
Gold Club: +30% of 5% APY = 1,5% extra reward in YNG tokens
Platinum Club: +70% of 5% APY = 3,5% extra reward in YNG tokens

This Club Advantage simulation is purely for illustrative purposes and does not represent any guarantee of return or profit. Please keep in mind that actual results may vary significantly. This is because the calculation is based on several constantly evolving factors, such as the APY offered by ETH staking, the price of ETH in euros, and the price of the YNG token. The APY can change over time depending on market conditions and the Ethereum network, while the value of ETH and YNG can fluctuate significantly, affecting the value of the rewards. Remember that this information is for informational purposes and is not intended to provide financial advice. Young Platform S.p.a. assumes no responsibility for any losses or damages from using this information. For a complete description of the staking service and the associated risks, we invite you to consult the Terms & Conditions – Staking Wallet of Young Platform.

Medium-Term strategy simulation

Applying the Platinum Club advantage to the two scenarios outlined in the article “Guide: creating new stakes for adding funds to existing ones,“ let’s see how the ETH and YNG portfolio grows.

APY (Annual Percentage Yield): 5%
Rewards are credited daily
Scenario 1: Initial capital is €1,500, without any further contributions.
Scenario 2: Initial capital is €1,500, with an additional monthly deposit of €200 into staking.
Current price of Ethereum: €2,000 per ETH
Assuming the price of Ethereum remains constant over the period (for simplicity).

ETH Value Chart

Scenario 1 (Initial Capital): Shows a steady growth based solely on the 5% APY applied to the initial capital of €1,500.
Scenario 2 (Initial Capital + Monthly Contributions): Capital increases significantly monthly, thanks to the additional €200 monthly contributions. These contributions help grow the overall staking value, leading to accelerated growth in rewards.

YNG Bonus Chart

Scenario 1 (Initial Capital): The YNG bonus grows linearly, based on the 5% APY on the initial capital.
Scenario 2 (Initial Capital + Monthly Contributions): With the additional monthly contributions, the growth of the YNG bonus becomes much steeper.

This simulation is for illustrative purposes only and does not constitute a promise of returns or profit. Actual results may vary significantly. The information provided in this text is for informational purposes only and does not constitute financial advice. Young Platform S.p.a. is not responsible for any losses or damages from using this information. Please refer to Young Platform’s Staking Wallet Terms & Conditions for a complete description of the service and its associated risks.

Join a Club

When will you receive Club rewards?

YNG token rewards accrue at the same rate as regular staking rewards, accumulating throughout the staking period. You can view the total YNG tokens earned in the summary of your results or the details of each stake. Upon closing a stake, the YNG tokens are transferred to your Young (YNG) main wallet, which you can use for trading.

What happens if you join a Club with an active stake?

If you join a Club while you already have an active stake, you’ll start receiving extra rewards in YNG tokens when you become a Club member. However, these rewards are not retroactive—they will only be calculated from your Club membership activation date. In other words, bonuses will accrue from the day you join and will not be applied to staking periods before joining the Club. This allows you to maximise benefits for the remainder of the staking period.

What happens if you leave a Club with an active stake?

If you leave a Club while your stake is still active, you will stop receiving extra rewards in YNG tokens from when you leave the Club. However, all YNG rewards accumulated until the day before your departure are guaranteed and will be credited as usual upon closing the stake. In other words, you won’t lose what you’ve already earned but won’t accumulate further YNG rewards from the day you leave the Club.

The Opportunity of Clubs

Young Platform Clubs offer an exciting opportunity to maximise staking gains beyond traditional rewards by rewarding loyal users with an additional bonus in YNG tokens. If you want to make the most out of your staking, consider joining one of the Clubs to increase your overall rewards significantly!