Young Platform Clubs

Young Platform Clubs are the tiers of a programme linked to the YNG token. Access to a given Club generally depends on the amount of YNG tokens associated with one’s profile, according to the rules defined by Young Platform.

Each tier may correspond to different benefits within the ecosystem. The conditions, requirements and benefits are defined in the official documentation and may change over time; up-to-date details are available on the Clubs page.

The YNG token, like any crypto-asset, is subject to volatility, and holding crypto-assets involves the risk of capital loss. More information is available in the whitepaper.

Correlated words

SEC

The SEC (Securities and Exchange Commission) is the federal authority that oversees the securities markets in the United States.

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

A listing is the addition of a crypto-asset to a trading platform, making it available for trading by that platform's users.

Utility Token

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

Token YNG

The YNG token is the utility crypto-asset of the Young Platform ecosystem, with functions linked to its products and services.

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 a fundraising in which a project issues and sells tokens in exchange for crypto-assets or money.

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 the permanent removal of a quantity of crypto-assets by sending them to an address from which they cannot be recovered.

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

Altcoin refers to any crypto-asset other than Bitcoin; the term comes from the words "alternative coin", meaning an alternative to Bitcoin.

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