Last updated 26.05.2022
Dear User, by accepting these Terms and Conditions, you declare to:
- be aware that this contract (hereinafter the “Terms and Conditions“) sets out the terms and conditions for the participation of Users in exclusive benefits associated with different types of clubs (hereinafter “YNG Clubs“);
- be aware that these services are those referable exclusively to the domain https://youngplatform.com/it/ (hereinafter the “Site“) to which the mobile platform of the same name is connected (the Site and the platform are collectively referred to as the “Platforms“);
- be aware that these Terms and Conditions relate exclusively to the YNG Club service and are not in any way referable to any other services on the Platforms and, in this regard, for anything not expressly provided for herein and for the definitions used, please refer to the documentation available at the following link https://youngplatform.com/legal/terms-conditions-young-platform/;
- be aware that the selection of the functional button for membership in a YNG Club (identified with the words “Join the Club“) constitutes contractual acceptance of this document;
- have read and accepted, without reservation, all the provisions and clauses set forth in this document, fully set out below.
YNG Club registration
The initiative is open to all Users who have duly completed the Registration procedure on the Platform and also meet the requirements set out below.
In order to join a YNG Club, you will need to do the following:
- have duly completed the Registration process on the Platform, including the associated identity checks;
- have a given number of YNG Tokens in your wallet, provided that they are not currently bound by other types of activities (by way of example, but not limited to: in the case of pre-sale purchases of YNG Tokens, which are subject to a predetermined period of unavailability);
- bind for a minimum of 90 (ninety) calendar days a given number of YNG Tokens within your Wallet (“Blocking Period“). At the end of the Blocking Period, the User can decide independently if they want to:
- keep their YNG tokens blocked while continuing to benefit from the advantages associated with the YNG Club they have decided to join. In this case, the User will remain enrolled in the YNG Club until they decide to manually release the YNG Tokens;
- manually unblock their YNG tokens in order to leave the YNG Club (in which case they are instantly re-credited to the Wallet). It is understood that if the User is still benefiting from certain benefits associated with participation in the YNG Club (by way of example, but not limited to: benefiting from increased percentages on the earning wallet functionality due to participation in the YNG Club), they must first close in advance and/or wait for the expiry of the aforementioned reserved benefits before being able to leave the YNG Club and therefore have their YNG Tokens unblocked. It is understood that in the event of early termination of a plan with reserved benefits, the accumulated and not yet accrued benefits will be lost unless otherwise provided;
Details and benefits of membership in the individual Clubs are published at https://youngplatform.com/token-yng/clubs/. Please note that in order to enjoy the benefits, besides possessing YNG Tokens it will also be necessary to comply with the above (with particular reference to the Blocking Period and the effects of early unblocking).
Limitations and scope
It is not possible to participate in more than one YNG Club at the same time, therefore, each User may only take part in one YNG Club at a time. If a User decides to join a YNG Club other than the one they are currently in, they will lose the benefits associated with it and will only be granted those pertaining to the new YNG Club they decide to join. It is understood that open stakes in the lower tier will still remain active, except where interrupted.
Under no circumstances is it possible to “downgrade”, i.e. relegate to a lower YNG Club; on the other hand, it is possible to “upgrade”, i.e. to a higher YNG Club (always subject to compliance with the requirements attached thereto). In this case, the Blocking Period will start again from the date on which the User upgrades their YNG Club.
The benefits associated with participation in one of the YNG Clubs are valid for the future and are never retroactive. In this regard, please note that if any features and/or plans are already active prior to actual membership in one of the YNG Clubs (hereinafter referred to as “Previous Activities“), the benefits associated with the YNG Club will not be applied to such Previous Activities, but rather the benefits will apply to activities initiated after joining the relevant YNG Club.
In the event that a User is already benefiting from discounts/benefits (independent of participation in a YNG Club) that overlap with those granted by taking part in a YNG Club, the higher discounts/benefits shall apply, but it will never be possible to cumulate discounts/benefits.
Discounts/benefits reserved for Users who correctly register for one of the YNG Clubs shall also be valid and usable on the Young Platform Pro platform, except where the functionality to which the aforementioned benefits are linked is only available on the basic Young Platform.
Amendments and updates
The requirements and the number of YNG Tokens needed to be able to take part in any of the aforementioned YNG Clubs may be subject to unilateral variations and/or changes arranged by Young Platform. In such a case, Young Platform shall inform its Users in good time, in the manner set out in the general terms and conditions of service signed by the User during Registration.