Young Platform Clubs

The Young Platform Clubs are exclusive membership programs that offer benefits and rewards to users who lock a specific amount of Young (YNG) tokens in their account. YNG token is the native cryptocurrency of Young Platform, developed as an ERC-20 token.

To join a Club, users must own and lock a specific amount of YNG tokens, which is periodically adjusted based on the token’s market price. If the token’s value increases, the required YNG tokens decrease, and vice versa. Once a user joins a Club, the amount of locked YNG tokens will never change, ensuring stability in access requirements.

Key Benefits

Reduced fees on cryptocurrency trades.
Extra rewards for staking.
Market reports with trend analysis.
Discounts on partner services such as WeRoad, NordVPN, and Tiqets.
Tax assistance services for crypto declarations.

For more information, please visit the Clubs page.

Correlated words

SEC

The SEC (Securities and Exchange Commission) is a U.S. government agency responsible for regulating and overseeing the securities markets.

Whitelist

In blockchain, a Whitelist is an exclusive list of addresses granted early access to participate in ICOs or to purchase NFT collections.

Total Supply

Total supply is the entirety of tokens or coins that have been created or issued by a cryptocurrency project up to date.

Listing

Listing refers to adding a new cryptocurrency or token to an exchange, making it available for trading to the public.

Utility Token

Utility Tokens are specialised cryptocurrencies that grant holders access to services and benefits, within a blockchain ecosystem.

Token YNG

Young (YNG) is the Utility Token at the centre of the Young Platform ecosystem, an Italian European company. It is an ERC-20 token.

Tokenomics

Tokenomics involves the economic rules and models governing the issuing, distributing, and using a digital project's tokens.

Scarcity

Scarcity defines the limited availability of an asset, directly influencing its market demand and perceived value.

P2P

Peer-to-peer (P2P) networks facilitate direct user data exchange, bypassing the need for centralised intermediaries.

NFT

An NFT, or Non-Fungible Token, represents a unique digital item or asset recorded and verified on a blockchain.

Liquidity

Liquidity measures how easy it is to convert a cryptocurrency or financial instrument into fiat currency without affecting its value.

Inflation

Inflation signifies the gradual increase in market or currency prices, impacting the purchasing power over time.

IEO

An IEO (Initial Exchange Offering) is a cryptocurrency launch event hosted by an exchange to distribute and market a new digital currency.

ICO

An ICO (Initial Coin Offering) is an event where a new cryptocurrency is sold to the public to distribute and promote it in the market.

Fungibility

Fungibility is the characteristic of assets that are interchangeable and divisible into smaller units for ease of exchange.

DYOR

Do Your Own Research (DYOR) emphasizes the importance of independent research and not solely relying on a single information source.

Delisting

Delisting is the removal of a cryptocurrency from an exchange's offerings, often due to non-compliance or poor performance.

Crowdfunding

Crowdfunding is an online method of raising funds, allowing broad participation from various individuals or groups.

Coin Burning

Coin Burning is a method to permanently remove cryptocurrency units from circulation, potentially increasing scarcity and value.

Audit

An Audit in software development is a thorough review process to ensure the correct and secure functioning of the software.

Black Swan Event

A Black Swan Event is unpredictable with potentially severe consequences, often radically changing the status quo.

Airdrop

An Airdrop is a method of distributing new cryptocurrencies to the market, often for free or as a reward to community members.