Young (YNG) Token Quarterly Report (Q2 2026)
27/07/2026 17:13
1. Introduction and purpose of the document
With this informational communication (hereinafter, the “Communication”), Young Platform S.p.A. (hereinafter also “Young Platform”, the “Company” or the “Issuer”), in its capacity as issuer of the YNG Token, provides Token holders, Users, the public and the competent Authorities with a comprehensive overview of the performance of the YNG Token and of the development of its ecosystem in the second quarter of 2026, that is, the period from 1 April to 30 June 2026 (the “Reference Period”).
In particular, the Communication sets out:
- the price performance of the YNG Token during the Reference Period and the market context in which it occurred;
- developments in the Young Platform ecosystem relevant to Token holders;
- on-chain transparency data on the distribution of the Token;
- the transactions carried out under the Buyback Programme;
- the distribution of Club levels;
- developments occurring after the close of the Reference Period and up to the date of publication.
The document serves informational and transparency purposes. It does not constitute a disclosure of inside information pursuant to Articles 87 and 88 of Regulation (EU) 2023/1114 (MiCA): where the relevant conditions are met, inside information is the subject of dedicated notices published in the Inside Information section of the institutional website. Nor does this Communication constitute a marketing communication, an offer or a solicitation to purchase, hold or dispose of crypto-assets, investment advice, tax advice or a personalised recommendation.
Unless otherwise indicated, the data refer to the Reference Period; developments after the close of the quarter are grouped in a dedicated part of section 5. The features of the services and initiatives described refer to the date of this Communication: functionality, costs and detailed economic conditions are set out in the Terms and Conditions and in the rules published on youngplatform.com, which prevail over the summary provided here. Forward-looking information, flagged as such, is indicative in nature and constitutes neither a contractual commitment nor a guarantee of delivery within the timeframes indicated.
2. Identification of the Issuer
| Company name | Young Platform S.p.A. |
| Registered office | Via F. Cigna, no. 96/17, 10155 Turin (TO), Italy |
| Tax Code / VAT number | 11931440017 |
| LEI | 815600F1E30AAB016171 |
| PEC (certified email) | [email protected] |
| Website | youngplatform.com |
| Legal representative | Alexandru Stefan Gheban, Chief Executive Officer |
Young Platform operates as a crypto-asset service provider (CASP) authorised under Regulation (EU) 2023/1114: details of the authorisation, obtained during the Reference Period, are set out in section 5.1.
3. The YNG Token and its trading venues
The YNG Token is the utility token of the Young Platform ecosystem, classified as a utility crypto-asset within the meaning of Article 3(1)(9) of Regulation (EU) 2023/1114 and described in the current White Paper, notified to Consob. Its supply is fixed: there are no mechanisms for creating or destroying tokens, and none of the initiatives described in this Communication alters that feature.
| Name | Young (YNG) |
| Digital Token Identifier (DTI) | RGN2XS8ZG |
| Standard and blockchain | ERC-20 on Ethereum |
| Fungibility | Fungible |
| Maximum total supply (fixed supply) | 100,000,000 YNG |
| Mint/burn mechanism | None |
| Smart Contract Address | 0xA26Cbb76156090f4B40A1799A220fc4C946aFB3c |
At the close of the Reference Period, the YNG Token could be exchanged on Young Platform and traded on two decentralised liquidity pools of the Uniswap protocol: the YNG/USDC pool (0x1C65313c3BE89D78Ba315A044eB5847D21a3A2Eb) and the YNG/WETH pool (0x3Ec3244C7F7344a8983DF8dA2416e981EDc53E22). The changes that took place after 30 June 2026, namely the agreement for admission to WhiteBIT and the decision to make the Token exchangeable on Young Platform exclusively through Young Platform Base, a bilateral exchange platform, are described in sections 5.11 and 5.6.
4. YNG Token performance during the Reference Period
4.1 Price
In the second quarter of 2026 the YNG Token appreciated by 29.6%, moving from €0.4428 at the close of 31 March to €0.574 at the close of 30 June. As at the date of drafting of this Communication, 22 July 2026, the price stands at €0.58, substantially in line with the close of the quarter.
4.2 Levels observed during the period
The observations below describe historical price performance and constitute neither an operational recommendation nor an indication of future levels.
The quarter unfolded in two distinct phases. In the first part, the Token extended its appreciation and, in the second half of April, moved above the €0.49 area, which had acted as resistance in the previous quarter. In June, by contrast, a retracement was observed, in line with the correction that affected the entire crypto-asset market and is described in section 4.3: during the month the Token fluctuated between a low of €0.529 (7 June) and a high of €0.572 (11 June), closing with a monthly performance of -8.4%, considerably more contained than that of the main reference assets. The all-time high of the YNG Token remains €0.9534, recorded on 15 October 2025.
4.3 Market context
The second quarter of 2026 opened with a recovery and closed with the sharpest correction of the year. The total capitalisation of the crypto-asset market recorded a performance of approximately +13% in April, -1.0% in May and -20.0% in June, standing at approximately $2.02 trillion as at 30 June 2026. Bitcoin closed the quarter at $60,160 (+11.8% in April, +2.4% in May, -21.6% in June) and Ethereum at approximately $1,610 (+7.2%, -6.6%, -23.9%).
Two phases can be identified behind this performance. In the first part of the quarter, flows into spot Bitcoin and Ethereum ETFs recovered; in the second, the same products recorded record outflows, of approximately $4.8 billion in June alone, against a backdrop of re-accelerating US inflation, the ECB’s first rate hike since 2023 (11 June), geopolitical tensions and a marked concentration of capital in the technology equity sector.
30 June 2026 also marked the expiry of the MiCAR transitional regime in the European Union: from that date, operators lacking authorisation had to leave the EU market, reshaping the landscape of active service providers.
5. Ecosystem developments
The quarter marked a decisive step for Young Platform: the CASP authorisation completed its path to MiCAR compliance, while the launch of the payment account and debit card broadened the utility of the YNG Token, which is now credited as cashback on payments made with the card. Developments are presented in two parts: those that occurred during the Reference Period (5.1-5.5) and those after its close, up to the date of publication (5.6-5.12). The developments described in sections 5.4, 5.7, 5.8, 5.10 and 5.12 do not affect the features, tokenomics, supply or rights conferred by the YNG Token.
During the Reference Period
5.1 Authorisation as a crypto-asset service provider (CASP)
On 30 June 2026 Young Platform obtained from Consob, having consulted Banca d’Italia, the authorisation to operate as a crypto-asset service provider pursuant to Article 16(1) of Legislative Decree 129/2024 and Article 63 of Regulation (EU) 2023/1114. The authorisation covers 8 of the 10 services governed by the Regulation: exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, execution of orders on behalf of clients, custody and administration, transfer, advice, portfolio management and placement.
With this authorisation the Company completed the national transitional regime under Article 143(2) MiCAR, on the same day on which the transitional regime expired for the entire European market. By virtue of the European passport, the authorisation allows the Company to operate throughout the Union: as at the date of this Communication, Young Platform has already completed the passporting procedure to operate as a CASP in France as well.
5.2 Payment account, debit card and cashback in YNG
Since 20 April 2026 the Young Platform payment account and debit card have been fully operational, provided through TPPay S.r.l., a payment institution authorised by Banca d’Italia under Directive (EU) 2015/2366 (PSD2). These are payment services and, as such, fall outside the scope of MiCAR.
For Token holders, the most relevant novelty is the structural and permanent cashback mechanism in YNG Token on spending with the card, whose percentage rises with the Club level: 0.10% for Essential, 0.30% for Bronze, 0.90% for Silver, 1.80% for Gold and 3.60% for Platinum. The launch of the card also added a new funding source to the Buyback Programme, described in the Disclosure on the Buyback Programme.
5.3 Arcade “Tap to Play”
On 20 April 2026 the Arcade “Tap to Play” section was launched, a prize competition governed by the relevant Rules published on youngplatform.com. Holders of YNG Token benefited from an advantage structured by Club level, expressed in Gems: points internal to the competition, not convertible into YNG Token. The initiative did not involve any direct distribution of YNG Token and ended on 20 July 2026, in accordance with the terms of the Rules.
5.4 Fee on the Moneybox service
During the quarter, the fee applied to recurring purchases through the Moneybox was aligned with the standard trading fee applicable to each crypto-asset: 1.89% as a general rule and 1% for the YNG Token, which benefits from a reduced fee on both purchases and sales. For Users who have set up recurring purchases of YNG Token, the change therefore results in a lower execution cost on each instalment.
5.5 DeFi Wallet
Initiative under development. Forward-looking information.
Development continues on the DeFi Wallet, a non-custodial (self-custody) wallet integrated into the Young Platform app, based on the ERC-4337 Account Abstraction standard and an MPC 2-of-2 security architecture. The service will provide access to pre-selected decentralised lending protocols. As the Company does not hold or control the User’s private keys, the DeFi Wallet falls outside the scope of MiCAR: the protections provided by Regulation (EU) 2023/1114 for authorised services therefore do not apply to transactions carried out through the wallet. As at the date of this Communication, the first version of the DeFi Wallet has not yet been released and no availability date has been confirmed. It is a first version because further protocols and services are expected to be added in the weeks and months following launch.
After the close of the Reference Period
5.6 Exchange of the YNG Token on Young Platform Base
From 1 July 2026, following the platform’s adaptation to MiCAR, the YNG Token can be exchanged on Young Platform exclusively through Young Platform Base, by means of bilateral exchange with the Company. On Young Platform Pro it is no longer possible to place orders for the Token: pending orders were closed automatically during the maintenance window between 30 June and 1 July, with the amounts returned to the available balance, while the YNG Token positions held in custody were not affected in any way.
The decision stems from how Young Platform Pro works: on that platform the Company executes orders by seeking the best counterparty on external trading venues integrated for that purpose. As at the date of this Communication, the YNG Token is not yet admitted to any such external venue; exchange on Young Platform Pro may be restored once conditions allow, with notice given sufficiently in advance. Details of the changes are set out in the communications Technical update to Young Platform Base and Discontinuation of the YNG Token exchange service on Young Platform Pro and retention of bilateral exchange only on Young Platform.
5.7 “MYCA” promotional campaign
From 1 July to 2 August 2026 the “MYCA” (Move Your Crypto Assets) promotional campaign is running, aimed at Users who transfer crypto-assets or fiat funds to the platform. Three cumulative deposit thresholds unlock benefits across five areas: Bonus Wallet, Tax Report, enhanced cashback in YNG Token, dedicated conditions on the card and payment account, and the assignment of an Account Manager. The initiative is mentioned for completeness regarding the operating context of the period; its conditions are set out in the Promotion Rules.
5.8 Capital increase of Young Group S.p.A.
On 7 July 2026 Young Group S.p.A., the parent company of Young Platform S.p.A., announced the closing of a €22.5 million capital increase, led by Gruppo Azimut as principal investor.
5.9 YNG Boost, the Vesting Service
On 14 July 2026 the Vesting Service on the YNG Token took the commercial name “YNG Boost”. The service allows Users to purchase YNG Token and lock it for a period of their choice, in exchange for an additional quantity of Token. Users with an active Silver, Gold or Platinum Club level at the time of purchase also receive a Club uplift, calculated on the additional quantity of Token, as explained in the dedicated article. Its functioning, access conditions and risks are described in the dedicated pre-contractual information, delivered together with the Vesting Contract and available on the Company’s official channels, to which full reference is made.
5.10 Admission of the BNB token to trading
Since 16 July 2026 the Binance Coin (BNB) token can be traded on Young Platform, expanding the range of available crypto-assets.
5.11 Admission of the YNG Token to WhiteBIT
During the Reference Period the trading venues of the YNG Token remained those indicated in section 3. After the close of the quarter, the Company entered into an agreement for the admission of the Token to trading on WhiteBIT, a European centralised platform: the transaction was made public on 21 July 2026 through a dedicated notice pursuant to Article 88 MiCAR, and trading is scheduled to start on 28 July 2026.
5.12 Update of Club benefits
An update of the benefits of the Gold and Platinum Club levels has been resolved: a dedicated Account Manager replaces the previous “VIP Support” benefit. The change concerns the product benefits associated with the voluntary lock-up of YNG Token.
6. On-chain transparency: distribution of the YNG Token
To allow anyone to verify how the YNG Token is distributed, the Company reports below the position of the main addresses holding it, all publicly verifiable via block explorer. Address balances are recorded on-chain as at 22 July 2026 and may therefore include movements after the close of the quarter; data on distributions and circulating supply (sections 6.3 and 6.4) refer instead to 30 June 2026, which is why the two sets of data are not directly comparable.
6.1 Main addresses
| Address | Function | Balance as at 22/07/2026 |
|---|---|---|
| Treasury & Ecosystem Rewards | Payment of Club rewards, card cashback and Vesting Service bonuses; operational treasury | 65,624,000 YNG |
| Team wallet | Distribution to the team according to the mechanism described in the White Paper | 6,717,315 YNG |
| Client custody wallet (hot wallet) | Custody of the YNG Token held by Users at Young Platform | 24,762,245 YNG (24.76% of total supply) |
The client custody wallet deserves clarification. The Tokens deposited there do not constitute a reserve of the Company: they belong to clients and are held under accounting segregation from treasury assets, pursuant to Article 75 MiCAR.
The YNG Tokens repurchased under the Buyback Programme are held in the Buyback Wallet, a wallet of the Issuer separate both from clients’ assets and from other treasury reserves, where they make up the YNG Reserve. The custody and use of the Reserve are governed by the Disclosure on the Buyback Programme; from the July 2026 cycle onwards, the related movements are reported in the monthly notices on the execution of the Programme, available in the Informational Communications section for the YNG Token.
6.2 Decentralised liquidity pools
| Pool | YNG balance as at 31/03/2026 | YNG balance as at 22/07/2026 |
|---|---|---|
| YNG/USDC (Uniswap) | 1,590,000 | 1,376,889 |
| YNG/WETH (Uniswap) | 439,911 | 345,096 |
6.3 YNG Tokens distributed during the Reference Period
During the quarter a total of 67,282.35 YNG were distributed, 12.8% more than the 59,645 YNG of the previous quarter. The increase reflects the activation of card cashback for the entire user base from 20 April 2026: in its first quarter of operation, cashback already became the largest distribution item, ahead of Young Platform Step.
| Month | Step | Staking | Cashback | Total |
|---|---|---|---|---|
| April 2026 | 9,406.27 | 156.09 | 9,119.97 | 18,682.33 |
| May 2026 | 11,829.43 | 2,528.82 | 11,074.55 | 25,432.80 |
| June 2026 | 8,917.69 | 604.97 | 13,644.55 | 23,167.22 |
| Total | 30,153.39 | 3,289.88 | 33,839.08 | 67,282.35 |
The Tokens distributed come from the Company’s addresses and do not derive from the creation of new tokens: the maximum supply remains fixed at 100,000,000 YNG.
6.4 Circulating supply
Circulating supply means the quantity of YNG Token actually distributed and available to holders, net of the quantities held in treasury and in the team addresses not yet placed into circulation. As at 30 June 2026 the circulating supply amounted to approximately 27,726,927 YNG, compared with approximately 27,659,645 YNG at the end of the previous quarter: an increase of 0.24%, corresponding to the Tokens distributed during the period.
7. Buyback Programme: transactions during the Reference Period
The Buyback Programme systematically allocates part of the revenues of the Young Platform ecosystem to liquidity transactions on the YNG/USDC pool and to repurchases of YNG Token. Its structure, funding sources, monthly operating cycle, execution venues and transparency regime are described in full in the Disclosure on the Buyback Programme, which is the sole reference for how the Programme works; from the July 2026 cycle onwards, each transaction is also the subject of a dedicated notice, published in the Informational Communications section of the website. This section merely provides a summary of the transactions carried out during the quarter.
7.1 Transactions carried out
| Cycle | Value | Transactions |
|---|---|---|
| April 2026 | €2,591 | Repurchase of YNG Token and rebalancing of the YNG/USDC pool |
| May 2026 | €2,802 | Programme transactions, in addition to 695 USDC and 773 YNG of fees accrued from the pools, reinvested in the YNG/USDC pool |
| June 2026 | €4,368 | Liquidity transaction: the cycle’s resources were used entirely to purchase USDC, needed to add to the YNG/USDC pool the 10,188 YNG of the YNG Reserve |
Read in sequence, the three cycles show how the Programme works: the Tokens repurchased in one cycle flow into the YNG Reserve held in the Buyback Wallet and, in the following cycle, are added back to the YNG/USDC pool together with the corresponding amount of USDC, as happened in June.
7.2 Warnings
Repurchases and liquidity transactions are carried out at the discretion of Young Platform and do not constitute a commitment to future transactions. The Programme is not a price-stabilisation or price-support operation, entails no commitment to maintain given price or liquidity levels and offers no guarantee of return to Token holders. Past transactions are not indicative of future ones.
8. Distribution of Club levels
As at 22 July 2026 there are 2,440 Club members, up from 2,395 recorded on 25 April 2026. The data include only Users who have activated a Club level through the voluntary lock-up of YNG Token, as described in the White Paper and in the Terms and Conditions.
| Club level | Members |
|---|---|
| Essential | 801 |
| Bronze | 997 |
| Silver | 254 |
| Gold | 202 |
| Platinum | 186 |
| Total | 2,440 |
9. Summary of the period’s data
| YNG closing price (30/06/2026) | €0.574 (31/03/2026: €0.4428) |
| Change over the period | +29.6% |
| YNG Tokens distributed during the period | 67,282.35 YNG (previous quarter: 59,645 YNG) |
| Circulating supply (30/06/2026) | ~27,726,927 YNG |
| Treasury & Ecosystem Rewards (22/07/2026) | 65,624,000 YNG |
| Team wallet (22/07/2026) | 6,717,315 YNG |
| Client custody wallet (22/07/2026) | 24,762,245 YNG |
| Buyback Programme transactions | April €2,591 · May €2,802 · June €4,368 |
| Club members (22/07/2026) | 2,440 |
| Trading venues at the close of the period | Young Platform, Uniswap (YNG/USDC and YNG/WETH pools) |
10. Risks and warnings
Anyone holding or considering the purchase of YNG Token should bear in mind that crypto-assets, including the YNG Token, are instruments characterised by high volatility and entail a significant risk of loss, even total, of the capital invested. Crypto-assets do not benefit from the bank deposit guarantee schemes provided for by Directive 2014/49/EU, nor from the investor compensation schemes provided for by Directive 97/9/EC.
The data reported in this Communication, from price performance to Token distribution, from treasury to pool liquidity, reflect the situation as at the dates indicated and constitute no guarantee of future results or of future stability.
Two areas call for particular attention. Access to decentralised protocols through third parties entails risks inherent to smart contracts and does not benefit from the protections provided by Regulation (EU) 2023/1114. Likewise, operating on trading venues managed by third parties, such as WhiteBIT, is subject to the regulation applicable to those operators and to their contractual terms: Young Platform does not manage these platforms, is not responsible for the transactions Users carry out on them, and the protections linked to its CASP authorisation do not extend to such transactions.
For a full treatment of the risks connected with holding crypto-assets and operating on Young Platform, please refer to the General Risk Disclosure and to the dedicated section of the current YNG White Paper.
11. Communications and contacts
For requests for assistance, clarification or reports relating to this Communication, Users may contact the Young Platform Support Centre, available at support.youngplatform.com. The procedures for submitting complaints and the dispute-resolution channels are described in the General Terms and Conditions of Young Platform, Crypto-Asset Services.
Young Platform S.p.A.
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