YNG is the Utility Token developed by the European exchange Young Platform. The token allows users to access premium services of its main products: the exchange, its Pro version, Step and Academy. YNG’s main goal is to make users an active part of the crypto community that plays, trades and learns through the Young Platform ecosystem. Through its functions, the token will allow anyone to participate in an ever-evolving technology space.
How does the YNG token work? To engage the user, a membership system, called Clubs, has been implemented. These regulate the exclusive benefits and services that come with owning YNG in your crypto wallet. There are in fact 4 levels: Bronze, Silver, Gold and Platinum. Club membership is determined by the number of YNG you’re willing to commit and grants discounts on fees, benefits on Airdrops, access to special events and increased rewards on staking.
Launched with an Airdrop in 2018, the YNG Token has a busy development roadmap with initiatives, ideas and features constantly evolving. There are currently 12 million YNGs in circulation, distributed among advisors, crowdfunding campaign investors and in the wallets of Step and Young Platform users. The total supply is 100 million YNG: the remainder will be allocated between the team, advisors, direct sales and platform functionalities.