Token YNG: Q3 2024 Report

The Q3 2024 YNG Token Report – Key highlights and next steps

The latest quarterly report for the YNG token is here, bringing you a full update on recent developments and future milestones. What’s been happening in this action-packed quarter? And where are we heading next?

The YNG Token Report is essential reading for anyone following the progress of Young Platform’s utility token. It outlines the major steps we’re taking to introduce YNG to the decentralised market. This quarter’s strategy hinges on three core initiatives: buybacks, regular liquidity injections, and both public and private sales. Full details on each can be found in the main report below.

What happened in Q3 2024?

Curious about what was achieved in Q3? The report details everything, including token issuance, purchases, sales, and the latest milestones achieved on the journey to decentralising YNG. In our roadmap to decentralised market entry, you’ll also find updates on the broader token project and the current stage.

For a complete overview, read on to explore this October 2024 report.

Young Platform Club metrics: Q3 2024

YNG is the utility token of Young Platform, which provides members with access to exclusive subscription-based “Clubs” that reward our most committed supporters with unique benefits.

Currently, the Clubs include 1,659 members, split as follows:

• Bronze Club: 1,172 members
• Silver Club: 224 members
• Gold Club: 131 members
• Platinum Club: 132 members

Membership in these Clubs requires a locked balance of YNG tokens on the Young Platform exchange. This membership distribution demonstrates the token’s user base and influences market dynamics; the higher the Club membership, the lower the selling pressure on YNG, ultimately supporting price stability.

Since the launch of Staking, YNG holders have gained an additional benefit: token rewards provided through staking, exclusively in YNG. Full details on staking benefits can be found later in the report.

Membership Trends

Comparing these figures with those from Q2 2024 shows a slight decline in Club members, down from 1,699 to 1,659:

• Bronze Club: 1,192 members
• Silver Club: 230 members
• Gold Club: 139 members
• Platinum Club: 138 members

This represents a 3% decrease in membership numbers. However, recent updates to our ecosystem could shift this trend. In early October, we launched staking with enhanced rewards for Club members, and exclusive content from the crypto and finance event DYOR24 will soon be available to our most dedicated supporters.

YNG Token distribution and circulating supply

In June, the circulating supply of YNG was approximately 23.6 million, and by September, it had risen to around 23.67 million, marking a net increase of approximately 68,356 tokens, or 0.33%.

These tokens were allocated through various activities:

• 18,202 tokens were distributed via Quizzes, Challenges, and Up&Down (pre-Level implementation).
• 50,153 tokens awarded through Level completions.

YNG’s market operates through an algorithm managing the exchange rate using two underlying liquidity pools in EUR and YNG. At the May 2022 launch, these pools contained:

• €1 million
• 4 million YNG

After accounting for buy and sell activities across Q3, by July 2024, the pools held:

• €655,740
• 6.45 million YNG

This configuration reflects the token’s buy and sell dynamics over the past quarter, including price performance data presented later in the report.

YNG Token emissions in 2023

What happened in Q2 2024 in terms of Tokenomics?

The structure of YNG emissions saw its first major shift last year with the Step 3.0 update and more recently, with the introduction of Staking. Regarding Step 3.0, we now have sufficient historical data to analyse its impact. For Staking, while still in the early stages, the initial results are aligned with our planned economic model, which we’ll explore further in this report.

As the chart illustrates, the latest Step update significantly curtailed YNG distribution, reducing new token emissions by 95%. A decrease in active users also influenced this outcome.

It’s important to highlight that YNG’s upcoming launch on the decentralised market will coincide with a full restructuring of its tokenomics. Specifically, our new features will channel token rewards exclusively to Club members, a model introduced with our latest Staking feature.

We anticipate a rise in YNG emissions starting in Q4 2024. However, increased Club membership and demand are likely to offset this, which could positively impact the token’s market dynamics.

YNG price analysis

YNG Price Trends in Q3 2024

Let’s examine YNG’s price movement throughout Q3 2024. Like Q2, the broader crypto market remained relatively stable over the summer, with Bitcoin trading within a narrow range of $67,000 to $55,000, showing no clear trend.

Similarly, YNG’s price exhibited low volatility, fluctuating slightly between $0.10 and $0.11.

Q3 2024 achievements

Our primary focus in Q3 2024 has been enhancing the Staking feature alongside ongoing developments in the YNG token project (which we’ll detail in a dedicated section). A key objective was to reintroduce the Earn feature, which we had paused in 2022, and to make significant strides toward regulatory compliance under the EU’s Markets in Crypto Assets (MiCA) framework, partially enacted in late June.

This report provides an excellent opportunity to summarise our recent work. Let’s review the initiatives undertaken in 2024 to increase the value of our Clubs and, in turn, boost YNG’s appeal.

Staking on Young Platform

A key focus of Q3 2024: Staking

The highlight of Q3 2024 has been the rollout of our Staking feature. Though there are many exciting changes compared to the Earn function active on Young Platform until the end of 2022, the main objective remains: allowing users to earn rewards on their crypto assets easily and simply. Whether you’re a seasoned investor or a newcomer to the crypto world, Staking offers a straightforward way to put your assets to work and maximise returns.

Staking on Young Platform brings two primary benefits:

• Simplicity: Earn rewards without needing to navigate the complexities of decentralised protocols.
• Accessibility: Start with as little as €50, making staking available to users with smaller portfolios.

A unique aspect we want to emphasise in this report is that Staking represents the first feature developed under YNG’s new economic model, which will be discussed in detail later. Beyond the standard rewards, our most loyal members receive additional YNG token bonuses.

We aim to engage and reward Club members by providing enhanced benefits within our ecosystem. The following YNG bonus rewards are available depending on the Club membership level. To calculate the total value of these boosts, simply add the percentage below to the standard staking APY. The maximum additional percentage varies depending on the staked asset:

• Bronze Club: up to +5%
• Silver Club: up to +15%
• Gold Club: up to +30%
• Platinum Club: up to +70%

Check out our dedicated guides for a more in-depth look at how staking works and how to make the most of this feature!

DYOR24: a successful event

Last week, we hosted DYOR24, a free online event that brought together Italy’s leading crypto and finance experts in one virtual space. It was a tremendous success! Our team’s efforts were validated by the fantastic feedback we received regarding the quality and accessibility of our speakers. At Young Platform, we’ve always aimed to foster an environment where people can explore, discover, and ask questions without hesitation, and DYOR24 embodied this mission in every session.

But there’s more! In the coming days, DYOR24 will become an exclusive benefit for Club members, who will gain access to recordings of every guest session. This first online event will transform into a professional course, with experts stepping into the role of “instructors” to deliver over 24 hours of in-depth lessons on a range of critical topics across crypto and finance.

New benefits for Club members

In recent months, we’ve introduced two additional perks for our Club members through exclusive vouchers:

• Saily: In September, we launched Saily, an international eSIM service enabling seamless internet access worldwide. Developed by Nord Security, the creators of NordVPN (a brand we already partner with), Saily is perfect for staying connected no matter where you are.
• Tiqets: We recently announced our partnership with Tiqets, a service that provides discounted and queue-free access to museums, attractions, and activities worldwide—from New York to Tokyo, Rome to Paris.

These new benefits, alongside our collaborations with WeRoad, Saily, and now Tiqets, offer Club members a fully enhanced travel experience. With WeRoad, members can explore the world through exciting group trips. Saily ensures they stay connected online, and Tiqets allows them to make the most of their travel experiences quickly and conveniently.

More partnerships on the horizon

The new benefits don’t stop here. We are talking with other prominent brands to continue providing our members with increasingly valuable and exclusive benefits. Stay tuned to our blog and social media channels to be the first to hear about what’s next!

Exciting developments ahead!

Here’s where things get really interesting. As hinted earlier, Q3 2024 saw us focus on Staking and early groundwork for our upcoming Payment Account feature. Meanwhile, the YNG token has remained at the core of our efforts, with significant progress and a clear roadmap for its future—a main focus of this report.

Payment account & Card

As mentioned in the previous report and our dedicated AMA, we’ve been working on something special, a long-term project we’re thrilled to bring back into focus thanks to new opportunities that allow us to expand our vision.

This upcoming feature merges the best of traditional and digital finance into one seamless experience, elevating your daily interactions to something truly revolutionary. Rather than simply providing a tool, we aim to introduce a feature that integrates fully with our ecosystem, setting us apart from competitors. Our goal is to launch the Payment Account and its accompanying Card by the end of Q1 2025, and we are positioning the Clubs and YNG token to play a central role in this ecosystem.

New Staking developments

The Staking feature, launched on 7 October, is just the beginning. In addition to app integration and the ability to stake Solana (SOL), we’re actively working to expand staking options across a broader range of cryptocurrencies, enabling users to earn rewards on more assets they hold.

As always, we welcome user feedback to guide us in implementing new staking options that best meet our community’s needs.

Tokenomics: the evolution of Young (YNG)’s Economic Model

In Q3, we reviewed and refined the documents created in Q2, incorporating valuable feedback from fund managers and advisors. Alongside these refinements, we developed an enhanced economic model for YNG, positioning it as a core driver of engagement within our ecosystem and directly rewarding user participation.

A live session initially planned for our Platinum Channel members was postponed over the summer due to essential revisions, but it will now be rescheduled following the AMA for this report to cover all the latest updates.

With the recent launch of staking, many of you have noticed that YNG has evolved beyond its previous role as a simple reward in Step. YNG will be integrated across most of our platform’s features, incentivising activities like learning, trading, and transactions and making Club membership more appealing.

New YNG Model: incentives for platform engagement and Club Membership

Our revised YNG model is designed to reward user activity and promote Club membership. Every interaction on the platform—whether educational, trading, buying, or selling—earns users rewards, thus enhancing the value of joining our Clubs. This approach draws in new users and encourages our existing community to participate more deeply, fostering organic growth, a balanced token economy, and long-term sustainability.

Key features of the new model and the upcoming steps towards decentralised market entry include:

Reward Structure

Our reward system aims to attract new users and boost community engagement. By offering a variety of incentives linked to user actions, we are promoting Club participation and building a more vibrant, dynamic community. Here’s an overview of our primary reward structures:

• Learn Reward: Users earn YNG by engaging with educational content and games on the platform. This initiative rewards learning and commitment, helping users expand their financial knowledge while strengthening their connection to our ecosystem.
• Staking Reward: Club members who use our staking feature (or staking services from third parties like LIDO, available through the platform) receive additional YNG rewards. This mechanism encourages Club participation and engagement with our ecosystem’s features without substantially increasing token circulation.
• Card Cashback: Transactions made through the upcoming “Payment Account & Card” feature will earn users cashback in YNG. This reward structure is designed to maximise the benefits of everyday transactions and encourage the use of the payment account.
• Exchange Cashback: Users will also receive cashback in YNG on trading fees, which is designed to boost trading activity and increase platform interaction.

Each of these reward structures is designed to make YNG a central and valuable asset within our ecosystem. They fairly reward users while encouraging them to explore and use the platform’s full suite of features.

YNG Treasury

The YNG Treasury is a fundamental pillar of the token’s economic model, designed to ensure stability and support long-term growth. It will accumulate some fees generated from YNG reward-based platform activities and funds raised in upcoming sales stages. These funds will be strategically allocated to activate the stabilisation mechanisms described below, ensuring sufficient liquidity to maintain balance in the token market.

Additionally, the treasury will serve as a reserve to fund YNG development, marketing, and promotional initiatives, supporting the expansion of the ecosystem. Prudent management of treasury funds will sustain a long-term, balanced model, encouraging organic community growth and reinforcing YNG as a valuable asset for users. We are committed to maximum transparency in treasury fund use, providing periodic updates to allow the community to monitor and assess treasury operations.

Stability mechanisms

The economic model for YNG includes various mechanisms designed to stabilise and sustain the token in the long term. Our strategy seeks to balance YNG demand and supply dynamically, ensuring price stability and fostering community engagement. Here are the primary tools to achieve this balance:

1. Club entry token rebalancing: This will be the first mechanism activated, with a start date announced after consulting Club members. The mechanism periodically adjusts the number of YNG tokens required for Club access based on price fluctuations. If YNG’s price rises compared to the previous period, the token requirement will decrease by 50% of the price increase. Conversely, if the price decreases, more tokens will be required without an additional 50% on the rise.

Example: If YNG’s price rises by 10%, the token requirement drops by 5%. If the price falls by 10%, the token requirement increases by 10%. This adjustment will start from the current entry requirements, based on the original listing price of €0.24, balancing accessibility with user commitment while rewarding early adopters who join Clubs before new features arrive.

2. Add Liquidity: The Add Liquidity function ensures two conditions are met before adding EUR and YNG tokens to the liquidity pool:

• Monthly Budget: Ensures sufficient monthly treasury or revenue funds are allocated to liquidity.
• YNG Availability in Treasury: Confirms the treasury holds enough YNG for liquidity addition.

When both conditions are satisfied, liquidity is added to the pool, helping to stabilise or boost liquidity and mitigate significant price fluctuations for YNG.

3. Buyback: The Buyback function is also regulated by the monthly budget, allowing the platform to purchase YNG from the market using treasury EUR. This reduces YNG’s circulating supply and supports its price. A buyback occurs only when adequate funds in the treasury cover the transaction amount, ensuring controlled management of YNG supply and price stability over time.

The coordinated implementation of these mechanisms is designed to ensure stable YNG liquidity, promote organic community growth, and support the ecosystem’s evolution. Our model is built around Club membership growth, retention rates, and market dynamics, which we will continuously monitor. Adjustments to rewards and stabilisation mechanisms will be made to maintain economic stability.

Roadmap to the Decentralised Market

Before delving into our roadmap, let’s take a moment to reflect on what we’ve achieved since Young Platform’s founding in 2018. Over the years, we’ve built a robust ecosystem for YNG, navigating regulatory challenges, earning our community’s trust, and setting the stage for a sustainable decentralised market. Each phase has been part of a well-defined strategy designed to stabilise the token, drive platform growth, and deliver real value to our users.

Phase 1: YNG Airdrop

Completed in June 2022, this phase marked the beginning of Young Platform products and the buy-sell availability of YNG at a fixed price of €0.24. The goal was establishing a stable foundation for YNG, adhering to regulatory requirements and building a solid platform for subsequent developments.

Phase 2: Community Market Pair

Currently underway, this phase introduced a proprietary Automated Market Maker (AMM), enabling the community to participate directly in a controlled and stable market environment. This phase has absorbed initial token sales and monitored user behaviour, creating a foundation for sustainable market management.

Phase 3: Engage to earn and decentralised transition

Scheduled for early 2025, Phase 3 will bring YNG into the decentralised market. This transition will coincide with the launch of our new reward structure, designed to incentivise user engagement and deepen community interaction.

Preparations for Decentralised Launch

To support Phase 3, we’ve outlined a series of preparatory steps to guide YNG into the decentralised market between Q4 2024 and Q1 2025:

• Pre-TGE Buyback: This phase involves purchasing YNG tokens “on the market” to rebalance existing liquidity pools. The aim is to establish a strong price foundation for YNG before the official decentralised market launch. To simplify communication, we’re referring to the end of this launch campaign as the TGE (Token Generation Event) within our operational plan.
• Private Sale: Select YNG tokens will be offered to venture capitalists, attracting strategic investors to support the project’s growth. Funds will bolster the treasury, finance development initiatives, and support buyback programmes. Private Sale participants will receive tokens on a structured vesting schedule over four years.
• Suspension of YNG Trading on Young Platform and IDO Preparation: Before the IDO, YNG on Young Platform trading will be temporarily paused to facilitate a smooth transition to the decentralised market. During this stage, the IDO reference price will also be established.
• IDO Sale: A portion of YNG tokens will be distributed through an IDO platform to increase the project’s visibility in the retail decentralised market. Funds raised will support liquidity management, contributing to token stability.
• TGE and Decentralised Market Launch: This final stage will involve creating liquidity pools for YNG using decentralised protocols. Existing centralised pools will be migrated, and liquidity will be enhanced with funds raised in prior stages to ensure a strong foundation at launch. This step will consolidate YNG’s presence in the market, encouraging sustainable growth and greater accessibility.

That’s all for now—stay tuned on our channels!

The services offered, and the YNG token are and will remain available in compliance with applicable regulations, particularly the Markets in Crypto-Assets (MiCA) framework. We are committed to ensuring that every aspect of the project aligns with regulatory requirements, fostering a transparent and responsible approach towards our community and investors. Additionally, the company reserves the right to modify the services and YNG token features outlined in this document in response to regulatory developments and/or market conditions. Any updates will be communicated promptly to keep all users informed.