How many Young (YNG) Tokens are needed to join Young Platform’s Clubs?
From 4 February 2025, the number of Young (YNG) tokens required to access Young Platform’s Clubs will dynamically adjust based on the token’s market price. This new mechanism, first announced in the 2024 Q3 Report, aims to achieve an optimal balance between supply and demand while offering greater flexibility to users.
What does this change mean for Club Members?
If you’re already a Club member, don’t worry! The amount of YNG tokens you need to hold will remain unchanged. You’ll continue to enjoy all your membership benefits regardless of future changes to YNG’s price.
However, if you are considering joining, you should act quickly. Once the new mechanism is live, the YNG required to become a member is expected to increase.
Rebalancing Token Requirements for Club Membership
Since their introduction in May 2022, the amount of YNG required to join the Clubs has remained constant, calculated based on the token’s launch price of €0.24. But with the ambitious goals we’ve set for 2025, it’s time for an upgrade.
Why change the required amount of Tokens?
YNG is the beating heart of our ecosystem, and the Clubs are one of the main incentives for users to hold it. The new mechanism will ensure that the monetary commitment required for membership aligns more closely with the token’s market value.
JOIN A CLUB
This adjustment is necessary for several reasons. The most evident is a potential appreciation of YNG, which could make the Clubs practically inaccessible. Imagine what might happen if the price of the Young (YNG) token were to reach €3. To join the Silver Club, you would need to freeze tokens worth €15,000 to join the Silver Club and $75,000 for the Platinum Club.
How does it work?
Here’s how the new “pricing” mechanism for Young Platform’s Clubs will function:
- If the price of Young (YNG) increases, the number of tokens required to join the Clubs will decrease. An adjustment factor will be applied to ensure that the necessary amount of YNG remains consistent, even in extreme token price growth cases. We are finalising the last tests to validate this model section under high-volatility scenarios. We will publish the final document containing formulas and projections before the mechanism goes live on 4 February 2025.
- If the price of YNG decreases, the number of tokens required will increase proportionally.
This model will be applied to the current thresholds, which were determined based on the initial listing price of €0.24:
- Bronze: 1,500 YNG
- Silver: 5,000 YNG
- Gold: 10,000 YNG
- Platinum: 25,000 YNG
What happens to existing Members?
As previously mentioned, for Club members who do not intend to change their current status, the amount of Young (YNG) tokens required to remain in the Club will not change. Once you’ve joined a Club, your membership will remain valid even if the token’s price fluctuates.
This system balances accessibility and user commitment while offering an advantage to early adopters who have joined (or will join) the Clubs before introducing new features.
Why should you join the Clubs now? A practical example
Let’s take a concrete example to understand the new mechanism’s impact better.
Imagine you want to join Young Platform’s Silver Club today. You decide to invest approximately €700 because you want to:
- Trade cryptocurrencies with reduced fees.
- Earn extra APY on staking.
- Benefit from discounts on our crypto tax-related services.
- Current price of YNG: €0.12
- Tokens purchasable with €700: approximately 5,800 YNG, enough to join the Silver Club.
But what will happen after 4 February 2025?
It’s essential to note that the number of tokens required to join the Clubs has been calculated based on YNG’s launch price of €0.24. When the rebalancing mechanism is activated, the token amount will be adjusted to account for the difference between that launch price and the current market value.
Specifically, the “euro value” of each Club’s original entry price is derived by multiplying the required YNG by its launch price (€0.24):
- Bronze: €360
- Silver: €1,200
- Gold: €2,400
- Platinum: €6,000
If, for example, YNG’s price at the time of the mechanism’s activation is €0.12 (50% lower than the launch price of €0.24), the amount of YNG required to join the Silver Club will increase by 100%. This means you would need 10,000 YNG instead of the current 5,000 YNG, and your budget of €700 would no longer be sufficient.
How about extreme price growth?
As mentioned, if YNG’s price exceeds the €0.24 threshold, an adjustment factor will reduce the required token amount. This ensures that the decrease is not strictly proportional to the price increase, maintaining fairness.
Final thoughts
The new rebalancing system represents a critical step in growing our ecosystem, particularly given the increased user base we expect following the launch of new features. Providing fair and balanced access to the Clubs is essential to this vision.
Have you chosen your Club yet? Don’t wait too long—membership could soon become more exclusive and expensive.
Related Article
Download the Young Platform app
