Young (YNG): what it is and what it is for

YNG is Young Platform’s token. It was created in 2018 as a reward for people learning about finance by walking and playing on Step, and today it is the key to the Clubs: the more tokens you lock, the higher your tier, and your tier sets the terms you get on the platform, from fees to staking rewards. This page explains how it works, where it comes from and what to consider before buying it. The reference document remains the MiCAR White Paper, published in May 2026.

What Young (YNG) is

Under the European MiCAR regulation, YNG is a utility token: a crypto-asset used to access a service, in this case Young Platform’s Clubs. It is not pegged to the value of a currency or any other asset, it carries no right of redemption and it does not represent a share in the company.

Technically it is an ERC-20 token on Ethereum, identified by the code DTI RGN2XS8ZG. Holders can keep it on the platform or transfer it to any wallet compatible with the standard, because outside the Clubs programme it circulates freely on the network.

Who issues it, and why that matters

The issuer is Young Platform S.p.A., based in Italy. The same company plays three roles with respect to the token: it issued it, it enables trading in it, and it runs the Clubs programme, which is the token’s main function.

This concentration of roles is not found in network tokens, and it should be kept in mind. The terms that make YNG useful are decided by the issuer, not by a public protocol or a vote of holders. That is why the White Paper, not this page, is the binding document: it sets out rights, obligations and risks, and it has been drawn up according to the templates laid down by the European regulation.

How it works: the Clubs and token locking

YNG’s function is access to the Clubs, the programme reserved for token holders. To take part you need to have completed identity verification and to lock tokens on the platform, and the amount locked determines the tier reached. Each tier comes with different terms on services, for example reduced fees on transactions or additional rewards on assets placed in staking.

While they remain locked, the tokens cannot be transferred. According to the White Paper, unlocking involves no waiting periods or penalties. Club terms are set by Young Platform, are variable, are not guaranteed and may change over time; changes are communicated through official channels.

YNG is also distributed as a reward: to users of Step, Young Platform’s educational app, as a bonus on the staking of other crypto-assets, and as cashback on spending with the Young card, according to the terms of each programme.

The history: from Step to the MiCAR White Paper

YNG was created in 2018 as a reward for users of Step, the app in which you earn tokens by walking, playing and completing financial education quizzes. For its first years it was a prize more than a tool. In May 2022 trading was activated on Young Platform, and with the Clubs the token acquired a function of its own.

In the following years the rewards distributed through Step were progressively reduced, with the stated aim of limiting the issuance of new tokens onto the market. On 17 July 2025 YNG also reached a decentralised market, with the opening of a liquidity pool on Uniswap.

The most important step on the regulatory side came in 2026. The White Paper drawn up under MiCAR was notified to the competent authority on 17 April 2026 and published on 7 May 2026; admission to trading followed on 8 May 2026. Since then, information on the token has followed European rules: the White Paper remains available, inside information is published through dedicated announcements, and supply data is updated every quarter.

How big it is, in context

YNG’s maximum supply is fixed at 100 million tokens by the smart contract, which contains no functions to create new tokens or destroy existing ones. It is a hard cap: no later decision can raise it.

The first distribution to the public took place in 2022 through a sale reserved for the community, completed before the White Paper was drawn up. Today part of the supply is locked by holders inside the Clubs, which is a consequence of how the programme works, not a commitment by the company.

One last figure helps put the token in proportion to the network that hosts it. The White Paper estimates the energy consumption attributable to YNG in 2024 at around 1,723 kWh over a year, calculated as YNG’s share of all transactions on Ethereum. The figure is low because Ethereum has used a proof-of-stake consensus mechanism since 2022, and because YNG has no network of its own to maintain.

Liquidity and buybacks

The White Paper describes a programme under which the issuer periodically allocates part of its revenue to buying back YNG on the market. Repurchased tokens are not destroyed, because the smart contract does not allow it: they return to the treasury and are used to support liquidity, staking rewards or other ecosystem initiatives. The programme is discretionary: it is not contractual, has no set frequency or price, and may be suspended at any time. Buyback and liquidity management activities do not constitute a price guarantee or a commitment to support the value of the token.

The same document reserves the issuer the right to sell YNG outside the market, through direct transactions for significant amounts or for strategic purposes. These are two levers that act in opposite directions on the available supply, and both are in the hands of the same company.

What it is for, and what it is not

YNG is used to access the Clubs and the terms that each tier provides within Young Platform’s services. That is its utility, and it exists as long as the programme exists.

Just as important is what the token does not give. It confers no governance rights: holders do not vote on the company’s decisions or on those of the programme. It confers no rights to distributions, returns or profit sharing, and it does not represent a share of Young Platform’s capital. Being a shareholder of the company and holding YNG are, legally, two different positions.

What to consider before buying YNG

The first element is dependence on the issuer. The token’s utility coincides with a programme run by Young Platform: if Club terms change, what the token is for changes too, and the continuity of the programme depends on the company’s operational continuity.

The second is supply. The cap is fixed, but the amount in circulation also depends on the issuer’s choices, such as the rewards distributed, buybacks and any off-market sales. Up-to-date figures on circulating supply, distribution and the breakdown across Clubs are published every quarter in the Investor Relations section.

The third is liquidity. Compared with the largest crypto-assets, YNG trades on a limited number of venues and with lower volumes, which can widen price swings and make it harder to sell significant amounts without affecting the price.

The fourth is common to the whole sector: the value of YNG is not linked to any underlying and can fall quickly and significantly, up to the total loss of the capital invested. Crypto-assets are not covered by bank deposit guarantee schemes or by investor compensation schemes.

In short

YNG is Young Platform’s utility token: it gives access to the Clubs and the terms the programme provides, has a maximum supply fixed at 100 million and confers no governance or profit rights. What makes it distinctive is that the issuer, the trading platform and the programme operator are the same entity. For full details on utility, tokenomics, rights and risks, the MiCAR White Paper of the YNG token is the reference; the YNG Token page and the Clubs page collect up-to-date information on the programme.

This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset marketing communication.