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Why buy the Young token (YNG)

When considering whether to buy Young (YNG), you don’t need to base your decision solely on its value or performance. You might choose to purchase it because it serves as the official token of Young Platform or to access exclusive services. Holding a specific number of YNG tokens grants you entry into Clubs, which are loyalty programs for token holders.

Members benefit from reduced commissions, additional stake rewards, and discount vouchers through partnerships with other brands, such as WeRoad. Furthermore, new features launching this year, such as the payment account and futures trading, will increase the advantages for YNG holders.

This year is particularly significant for the Young token because a new economic model has been introduced following the launch of the decentralized market. This model aims to enhance the stability and attractiveness of YNG. Strategic buybacks and proactive cash management will help maintain a balance between supply and demand. Purchasing YNG today means joining a growing community and potentially reaping future benefits ahead of time.

What is YNG and how did it come about? 

To answer the question of why to buy Young (YNG), it’s important to first understand what it is. YNG was established in 2018 as a reward token for users of Step, which is recognized as the first play-to-earn crypto game in history. In May 2022, trading was officially launched on the Young Platform Exchange, a significant milestone that enabled YNG to become a vital asset within its ecosystem.

The token is built on Ethereum following the ERC-20 standard. Its total supply is capped at 100 million tokens. Currently, the circulating supply is approximately 22.69 million tokens, and its market capitalization is estimated to be around EUR 5.5 million.

The Young (YNG) token aligns with Young Platform’s primary mission: to guide users into the world of cryptocurrencies through an educational journey. By incorporating gamification and facilitating interactions between the real and digital realms, beginners can develop an understanding and awareness of blockchain technology and cryptocurrencies. Purchasing YNG allows individuals to join a vibrant community of enthusiasts and access a variety of products within its ecosystem. This includes the Academy with its educational resources, Step for personal development, and the exchange, which serves as a practical application for the skills and knowledge gained.

One of the strongest features of YNG is its tokenomics, which ensures a balance between supply and demand. About 47.31% of the total supply is allocated to rewards within the Young Platform ecosystem, including staking, Clubs, and Steps. Additionally, 23% is reserved for token sales and liquidity provision, while 7% is allocated to the Young Platform team. Currently, the circulating supply stands at 22.69%, with a portion already locked in Clubs and Step wallets.

YNG employs an economic model that balances liquidity and growth within the ecosystem through strategic buybacks, cash infusions, and a rebalancing mechanism for club access. Young Platform uses a portion of its revenue to buy back YNG from the market, which decreases circulating availability and supports the price. To stabilize the market, the platform adds YNG and euros to the liquidity pool, preventing excessive price fluctuations. The amount of YNG required to enter the clubs is adjusted monthly based on the market price, ensuring a balance between affordability and token value.