White Paper Report


			..
	White paper for crypto-assets other than asset-referenced tokens or e-money tokens

	Digital Token Identifier:	RGN2XS8ZG
	Offeror or person seeking admission to trading:	815600F1E30AAB016171 - Young Platform S.p.A.
	Type of submission:	New

Table of content
General information
SUMMARY
Part A - Information about offeror or person seeking admission to trading
Part B - Information about issuer, if different from offeror or person seeking admission to trading
Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114
Part D - Information about other token project
Part E - Information about offer to public of other tokens or their admission to trading
Part F - Information about other tokens
Part G - Information on rights and obligations attached to other tokens
Part H – Information on underlying technology
Part I - Information on risks
Part J - Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts




[Table 2] Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens

Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens [abstract]
General information
00 Table of content	boolean true	true
01 Date of notification	date	2026-04-17
02 Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114	boolean true	This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The person seeking admission to trading of the crypto-asset is solely responsible for the content of this crypto-asset white paper.
03 Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114	boolean true	This crypto-asset white paper complies with Title II of Regulation (EU) 2023/1114 of the European Parliament and of the Council and, to the best of the knowledge of the management body, the information presented in the crypto-asset white paper is fair, clear and not misleading and the crypto-asset white paper makes no omission likely to affect its import.
04 Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114	boolean true	The crypto-asset referred to in this crypto-asset white paper may lose its value in part or in full, may not always be transferable and may not be liquid
05 Statement in accordance with Article 6(5), point (d), of Regulation (EU) 2023/1114	boolean true	The utility token referred to in this white paper may not be exchangeable against the good or service promised in this white paper, especially in the case of a failure or discontinuation of the crypto-asset project.
06 Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114	boolean true	The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council or the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council.
SUMMARY
07 Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114	boolean true	Warning This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto –asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council or any other offer document pursuant to Union or national law.
08 Characteristics of the crypto-asset	textBlock	The YNG token (YNG) is the native ERC-20 utility token of the Young Platform ecosystem. It has been designed to provide functional access to specific services and benefits offered through the Young Platform ecosystem, rather than to serve as a speculative or investment instrument. The core function of the YNG token is to enable access to the "YNG Clubs", a multi-tiered benefits system operated by Young Platform S.p.A. By locking a predefined quantity of YNG tokens on the platform, holders may access different tiers of services and advantages, in accordance with the rules and conditions established by the issuer. The YNG token does not constitute an asset-referenced token or an e-money token within the meaning of Regulation (EU) 2023/1114. It does not represent equity, debt, or any other financial instrument, nor does it confer ownership rights, governance or voting rights, profit participation rights, or claims against the issuer or any third party. From a technical perspective, the YNG token is implemented as a smart contract compliant with the ERC-20 standard and deployed on the Ethereum blockchain. The token's characteristics, including supply structure, issuance mechanics, and operational constraints, are described in greater detail in the relevant sections of this crypto-asset white paper.
09 Further information about utility tokens	textBlock	The utility of the YNG token consists in granting access to a tiered range of services and benefits within the Young Platform ecosystem through the YNG Clubs mechanism. Depending on the quantity of YNG tokens locked, holders may obtain benefits such as reduced trading fees, enhanced staking rewards, and other platform-related advantages, as further detailed in this white paper. Access to these utilities is subject to specific conditions, including the completion of mandatory know-your-customer (KYC) procedures and the locking of YNG tokens on the Young Platform ecosystem for the duration required to maintain the selected benefits tier. During the lock-in period, the locked tokens are subject to a temporary restriction on transferability. Outside the voluntary locking mechanism associated with the YNG Clubs, YNG tokens are freely transferable, in whole or in part, to third parties in accordance with the technical rules of the Ethereum blockchain and the operational policies of the trading platforms on which the token is admitted to trading. All rights and obligations attached to the token follow the token upon transfer. The transferability of the YNG token does not imply that it is accepted as a means of payment, nor does it guarantee liquidity, market demand, or the availability of trading venues
10 Key information about the offer to the public or admission to trading	textBlock	This crypto-asset white paper has been prepared for the admission to trading of the YNG token on crypto-asset trading platforms, in accordance with Regulation (EU) 2023/1114. It does not relate to a current offer of crypto-assets to the public. The YNG token was initially introduced to the public through a community sale conducted in 2022. That distribution phase was completed prior to the preparation of this crypto-asset white paper and is described solely for historical and contextual purposes. It does not constitute, and should not be interpreted as, an ongoing or future offer of crypto-assets. Following the initial distribution, the YNG token was admitted to trading and is currently available for secondary market transactions on the Young Platform ecosystem and on decentralised trading protocols. The admission to trading is intended to facilitate transactions between holders, subject to the rules of the relevant trading platforms and applicable regulatory requirements. No guarantee is provided as to the availability, continuity, or liquidity of trading in the YNG token, nor as to future listings on additional trading venues.
Part A - Information about offeror or person seeking admission to trading
A.1 Name	text	Young Platform S.p.A.
A.2 Legal form	text	Società per Azioni (S.p.A.)
A.3 Registered address
Registered addess	text	Via F. Cigna n. 96/17 – 10155 Turin (TO), Italy
Country	enumeration	Italy
Sub-division	text	Not applicable
A.4 Head office
Head office	text	Via F. Cigna n. 96/17 – 10155 Turin (TO), Italy
Country	enumeration	Italy
Sub-division	text	Not applicable
A.5 Registration date	date	2018-06-12
A.6 Legal entity identifier	LEI	815600F1E30AAB016171
A.7 Another identifier required pursuant to applicable national law	text	Not applicable
A.8 Contact telephone number	text	Not applicable – contact managed via email channels
A.9 E-mail address	text	legal@youngplatform.com support@youngplatform.com
A.10 Response time (days)	integer	5
A.11 Parent company	text	Not applicable
A.12 Members of the management body
Member #1	id	1
Identity	text	Bertrand Nicolas René Pierre
Business address	text	Via F. Cigna n. 96/17 – 10155 Turin (TO), Italy
Function	text	Chairman of the Board of Directors
Member #2	id	2
Identity	text	Gheban Alexandru Stefan
Business address	text	Via F. Cigna n. 96/17 – 10155 Turin (TO), Italy
Function	text	Chief Executive Officer
Member #3	id	3
Identity	text	Ferrero Andrea
Business address	text	Via F. Cigna n. 96/17 – 10155 Turin (TO), Italy
Function	text	Executive Director / Managing Director
Member #4	id	4
Identity	text	Medda Giorgio
Business address	text	Via F. Cigna n. 96/17 – 10155 Turin (TO), Italy
Function	text	Non-Executive Director
Member #5	id	5
Identity	text	Guerrieri Edoardo
Business address	text	Via F. Cigna n. 96/17 – 10155 Turin (TO), Italy
Function	text	Non-Executive Director
Member #6	id	6
Identity	text	Sberna Salvatore Andrea
Business address	text	Via F. Cigna n. 96/17 – 10155 Turin (TO), Italy
Function	text	Non-Executive Director
A.13 Business activity	textBlock	Young Platform S.p.A. is a company incorporated under Italian law and registered with the Companies' Register of Turin (Italy). It operates as a crypto-asset service provider, specializing in the development, production and commercialization of innovative software, algorithms and technology platforms based on blockchain and other distributed ledger technologies. Its principal activities include the development and operation of crypto-asset trading platforms, the provision of digital wallets and custody services, the design of educational and gamified applications aimed at promoting financial literacy in the crypto and Web3 sectors, the development of proprietary algorithms for market analysis and trading, the purchase and sale of crypto-assets for treasury management purposes, and ancillary services such as staking. The company primarily serves retail users and crypto-asset investors in Italy and other EU countries, as well as institutional and corporate clients interested in blockchain-based solutions. In December 2025, the Company submitted an application for authorization as a crypto-asset service provider (CASP) pursuant to Regulation (EU) 2023/1114 to the competent Italian authorities. As of the date of this white paper, such authorization is pending and has not yet been granted. During the transitional period provided for under the applicable regulatory framework, pursuant to Article 143(3) of Regulation (EU) 2023/1114, the Company operates as a Virtual Asset Service Provider (VASP) registered with the Organismo Agenti e Mediatori (OAM) under identification number 205532
A.14 Parent company business activity	textBlock	Not applicable
A.15 Newly established	boolean	false
A.16 Financial condition for the past three years	textBlock	As an Italian joint-stock company (S.p.A.), Young Platform S.p.A. is subject to statutory reporting and audit obligations. Over the past three years, its business development has been characterised by a growth phase typical of the crypto-asset service provider sector. Its financial position reflects continuous investments in technology development, marketing and user acquisition, and regulatory compliance. Detailed quantitative information is contained in the annual statutory financial statements filed with the Italian Business Register.
A.17 Financial condition since registration	textBlock	As an Italian joint-stock company (S.p.A.), Young Platform S.p.A. is subject to statutory reporting, audit and filing obligations under applicable Italian law. Over the past three financial years (2023–2025), the Company's financial performance has been characterized by a growth phase typical of early-stage crypto-asset service providers, with a progressive expansion of its user base, service offering and technological infrastructure. In particular: - Revenues increased from €2,437,555 in FY2023 to €3,771,761 in FY2024 and €5,806,301 in FY2025, reflecting an increase primarily driven by higher trading volumes and improved market conditions. - The Company recorded an EBITDA of €-3,875,205 in FY2023, improving to €74,174 in FY2024 and €743,935 in FY2025, highlighting the transition from a continued investment phase to cost optimization and operational efficiency. - Net results improved from €-5,115,409 in FY2023 to €-1,190,406 in FY2024 and €-621,213 in FY2025, taking into account significant investments in technology development, regulatory compliance, and market expansion. Finally, the Company's cost structure has been primarily driven by personnel costs, technology infrastructure, marketing and customer acquisition, and regulatory and compliance costs, consistent with its business model and growth strategy. The Company's financial position reflects a strategy focused on medium-term growth and market positioning, with ongoing investments in platform development, regulatory alignment under Regulation (EU) 2023/1114, and expansion of its service offering. Detailed financial information is available in the statutory financial statements filed with the Italian Business Register.
Part B - Information about issuer, if different from offeror or person seeking admission to trading
B.1 Issuer different from offerror or person seeking admission to trading	boolean	false
B.2 Name	N/A		.
B.3 Legal form	N/A		.
B.4 Registered address
Registered addess	N/A		.
Country	N/A		.
Sub-division	N/A		.
B.5 Head office
Head office	N/A		.
Country	N/A		.
Sub-division	N/A		.
B.6 Registration date	N/A		.
B.7 Legal entity identifier	N/A		.
B.8 Another identifier required pursuant to applicable national law	N/A		.
B.9 Parent company	N/A		.
B.10 Members of the management body
Member #1	N/A		.
Identity	N/A		.
Business address	N/A		.
Function	N/A		.
B.11 Business activity	N/A		.
B.12 Parent company business activity	N/A		.
Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114
C.1 Name	N/A		.
C.2 Legal form	N/A		.
C.3 Registered address
Registered address	N/A		.
Country	N/A		.
Sub-division	N/A		.
C.4 Head office
Head office	N/A		.
Country	N/A		.
Sub-division	N/A		.
C.5 Registration date	N/A		.
C.6 Legal entity identifier	N/A		.
C.7 Another identifier required pursuant to applicable national law	N/A		.
C.8 Parent company	N/A		.
C.9 Reason for crypto-asset white paper preparation	N/A		.
C.10 Members of the management body
Member #1	N/A		.
Identity	N/A		.
Business address	N/A		.
Function	N/A		.
C.11 Operator business activity	N/A		.
C.12 Parent company business activity	N/A		.
C.13 Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114	N/A		.
C.14 Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114	N/A		.
Part D - Information about other token project
D.1 Crypto-asset project name	text	Young
D.2 Crypto-asset name	text	Young
D.3 Abbreviation	text	YNG
D.4 Crypto-asset project description	textBlock	YNG is the native ERC-20 utility token of the Young Platform ecosystem. The project is designed to provide functional and tangible utility to users of the Young Platform trading environment, rather than to operate as a speculative or investment-driven crypto-asset. The core purpose of the YNG token is to enable access to a structured, multi-tier benefits system known as the "YNG Clubs". By locking a predefined quantity of YNG tokens on the Young Platform ecosystem, users may access differentiated levels of services and advantages within the platform. These utilities are applied primarily through the platform's proprietary off-chain infrastructure and are closely integrated with the issuer's broader ecosystem, including trading, staking and other platform-related services.
D.5 Details of all natural or legal persons involved in implementation of crypto-asset project
Person #1	id	1
Type of person	enumeration	Crypto-asset service provider
Name of person	text	Young Platform S.p.A.
Business address of person	text	Via F. Cigna n. 96/17 – 10155 Turin (TO), Italy
Domicile of company	enumeration	Italy
D.6 Utility token classification	boolean	true
D.7 Key features of goods or services for utility token projects	text	The YNG token provides access to a tiered set of services and benefits within the Young Platform ecosystem through the YNG Clubs mechanism. Access to these services is obtained by locking YNG tokens on the platform for the duration required to maintain the relevant benefits tier. The key features associated with the YNG token include, inter alia: - tiered trading fee discounts applied to transactions executed on the Young Platform ecosystem. - enhanced staking rewards on staking services offered through the platform. - access to additional platform-related benefits and functionalities reserved for higher-tier YNG Club members, including features under development as part of the platform roadmap.
D.8 Plans for the token
Description of past milestones	textBlock
Description of future milestones	textBlock	The YNG token was initially introduced to the public through a community sale conducted in 2022 and subsequently admitted to trading. Since then, the core utility features of the token, including the YNG Clubs system, have been implemented and are operational within the Young Platform ecosystem. Future plans for the YNG token are closely aligned with the strategic development of Young Platform S.p.A. and the expansion of its services. The issuer intends to progressively integrate YNG token utilities into new products and features launched by the platform, with the objective of ensuring that the token's functional relevance evolves in parallel with the growth of the ecosystem.
D.9 Resource allocation	text	The YNG token project does not operate through a segregated or ring-fenced project treasury. All resources allocated to the development, maintenance and evolution of the YNG token and its associated utilities are provided directly by Young Platform S.p.A. from its general corporate resources. These resources include financial capital allocated to technology development, compliance and operational activities, as well as human resources drawn from the issuer's internal technical, legal, compliance and product teams.
D.10 Planned use of collected funds or other tokens	text	Not Applicable - as this crypto-asset white paper does not relate to a public offer of crypto-assets and no funds are currently being raised. For completeness, it is noted that the YNG token was initially distributed through a community sale conducted in 2022. The funds collected during that phase were allocated to Young Platform S.p.A. and incorporated into its general operational capital. Such funds have been used to support the development and growth of the Young Platform ecosystem, including, inter alia, the development and maintenance of the trading platform, the implementation and expansion of YNG token utilities, marketing and user acquisition activities, and legal and regulatory compliance.
Part E - Information about offer to public of other tokens or their admission to trading
E.1 Public offering or admission to trading	enumeration	Admission to trading
E.2 Reasons for public offer or admission to trading	textBlock	This crypto-asset white paper is submitted in accordance with Article 5 of Regulation (EU) 2023/1114 (MiCAR) for the purpose of the admission to trading of the YNG utility token on one or more crypto-asset trading platforms authorised in the European Union. The format of this white paper complies with Article 6 of the same Regulation. The initial notification relates to the admission to trading of the YNG token on Kraken (Payward Global Solutions Ltd). The YNG token is currently traded on the Young Platform ecosystem under the transitional regime pursuant to Article 143(2) of Regulation (EU) 2023/1114 and on the decentralised protocol Uniswap. The objective of the admission to trading is to facilitate broader secondary market access, enhance price discovery, and improve liquidity for existing and prospective holders. This white paper does not relate to a public offer of crypto-assets within the meaning of Article 4 of Regulation (EU) 2023/1114. No new crypto-assets are being issued and no funds are being raised by the issuer. This white paper has been prepared in accordance with Annex I of Commission Implementing Regulation (EU) 2024/2984 and is intended to support the admission to trading of the YNG token on crypto-asset trading platforms authorised under Title V of Regulation (EU) 2023/1114 across the European Economic Area. Future admissions to trading may rely on this white paper, provided that no material change has occurred in the information contained herein. Any such changes shall be made and notified in accordance with Article 12 of Regulation (EU) 2023/1114.
E.3 Fundraising target
Target expressed in currency	monetary		EUR
Target expressed in units	decimal
Target expressed in digital token identifier	text	Not applicable – this white paper does not relate to a public offering and no new funds are being raised.
E.4 Minimum subscription goals
Goals expressed in currency	monetary		EUR
Goals expressed in units	decimal
Goals expressed in digital token identifier	text	Not applicable – no public offering is being conducted
E.5 Maximum subscription goals
Goasl expressed in currency	monetary		EUR
Goals expressed in units	decimal
Goals expressed in digital token identifier	text	Not applicable – no public offering is being conducted.
E.6 Oversubscription acceptance	boolean	false
E.7 Oversubscription allocation	text	Not applicable – there is no public offering and no subscription allocation process.
Issue price details
E.8 Issue price	decimal
E.9 Official currency determining issue price	enumeration
E.9 Any other tokens determining issue price	text	Not applicable
E.10 Subscription fee
Fee expressed in currency	monetary		EUR
Fee expressed in units	decimal
Fee expressed in digital token identifier	text	Not applicable – there is no subscription process or associated fee.
E.11 Offer price determination method	text	Not applicable – the YNG token is already in circulation and trading price is determined by market dynamics on secondary markets.
E.12 Total number of offered or traded other tokens	integer	100000000
E.13 Targeted holders	enumeration	All types of investors
E.14 Holder restrictions	text	While the issuer does not impose project-specific restrictions, holders must comply with the onboarding, eligibility, and geographic restrictions of each trading platform, including KYC/AML requirements, account verification and compliance with applicable jurisdictional regulations.
E.15 Reimbursement notice	boolean true
E.16 Refund mechanism	textBlock	Not applicable – no funds are being raised and no refund mechanisms are available.
E.17 Refund timeline	text	Not applicable – there are no refund rights or timeframes applicable to this admission to trading.
E.18 Offer phases	textBlock	Not applicable – there is no offering or phased subscription process.
E.19 Early purchase discount	textBlock	Not applicable – there is no offering and no early purchase incentives apply.
E.20 Time-limited offer	boolean	false
E.21 Subscription period beginning	date
E.22 Subscription period end	date
E.23 Safeguarding arrangements for offered funds or other tokens	textBlock	Not applicable – no funds or crypto-assets are being collected by the issuer in connection with this admission to trading.
E.24 Payment methods for other token purchase	textBlock	Investors may acquire YNG on secondary markets using the payment methods and trading pairs available on the platforms where the token is admitted to trading. These typically include purchases with fiat currency (e.g., EUR) or other crypto-assets (e.g., BTC, ETH, USDT). The specific methods of deposit (e.g., bank transfer, credit/debit card, crypto wallet) are determined by the individual trading platforms and may vary by jurisdiction.
E.25 Value transfer methods for reimbursement	textBlock	Not applicable – there is no public offering and no reimbursement obligations exist.
E.26 Right of withdrawal	textBlock	Not applicable – this crypto-asset white paper relates to admission to trading only. No statutory right of withdrawal under Article 13 of Regulation (EU) 2023/1114 applies in this context.
E.27 Transfer of purchased other tokens	textBlock	Not applicable – no crypto-assets are being sold directly by the issuer.
E.28 Transfer time schedule	text	Not applicable – tokens are already in circulation and trading settlement is managed directly by the relevant platforms.
E.29 Purchaser's technical requirements	textBlock	To acquire and hold YNG tokens in self-custody, purchasers must use an Ethereum-compatible wallet capable of storing ERC-20 tokens (e.g. MetaMask, Ledger). For exchange-based use (e.g., on Young Platform), users must create and verify an account, access the platform via web or mobile application, and have a stable internet connection. Access to YNG Clubs utility also requires the locking of YNG tokens within the platform, which is managed off-chain through the issuer's proprietary infrastructure.
Other token services provider characteristics
E.30 Other token service provider (CASP) name	text	Young Platform S.p.A.
E.31 CASP identifier	LEI	815600F1E30AAB016171
E.32 Placement form	enumeration	Not applicable
Trading platforms characteristics
E.33 Trading platforms name	text	Kraken (Payward Global Solutions Ltd), Uniswap Protocol (DeFi protocol not operating as an authorized trading platform under MiCAR) and potentially other crypto-asset trading platforms authorised in the European Union. The YNG token is also made available within the Young Platform ecosystem under the transitional regime pursuant to Article 143(2) of Regulation (EU) 2023/1114.
E.34 Trading platforms market identifier code (MIC)	text	Kraken: PGSL Uniswap: Not applicable (decentralised protocol)
E.35 Trading platforms access	text	Investors may access YNG trading through the web or mobile interfaces of the crypto-asset trading platforms where the token is admitted. Access requires the creation of a user account and compliance with the applicable KYC/AML and onboarding procedures of the relevant platform. As of the date of this white paper, the YNG token can be bought and sold through the Young Platform ecosystem under the transitional regime pursuant to Article 143(2), on the decentralised protocol Uniswap, and will be admitted to trading on the MiCAR-authorised platform Kraken. Admission to trading under Article 6(1) of Regulation (EU) 2023/1114 applies exclusively in relation to crypto-assets admitted on trading platforms operated by authorised crypto-asset service providers.
E.36 Involved costs	textBlock	Users may incur standard trading fees, gas fees (for DEX), and withdrawal charges depending on the platform. No additional costs are imposed by the issuer.
E.37 Offer expenses	textBlock	Not applicable – this white paper does not relate to a public offering.
E.38 Conflicts of interest	textBlock	Young Platform S.p.A. acts as issuer of the YNG token and counterparty for the purchase/sale of the YNG token. It also retains a portion of the YNG token supply for treasury and liquidity purposes, as disclosed in Part G. The company and members of its management may benefit financially from the token's trading volume and adoption. The issuer has adopted internal procedures and governance controls to identify and manage potential conflicts of interest in line with MiCAR obligations.
E.39 Applicable law	textBlock	Italian law (as the law of the issuer's home Member State)
E.40 Competent court	textBlock	The Court of Turin (Foro di Torino), Italy, shall have exclusive jurisdiction over any disputes arising in connection with this white paper or the admission to trading of the YNG token, without prejudice to applicable consumer protection rules.
Part F - Information about other tokens
F.1 Crypto-asset type	text	Utility token
F.2 Other token functionality	textBlock	The YNG token provides access to a structured benefits system (YNG Clubs) within the Young Platform ecosystem. Its functionality is tied to granting tiered access to services, including trading fee discounts, staking rewards, and platform-specific perks. It does not grant governance, profit-sharing, or redemption rights. The Terms and Conditions of Young Platform shall prevail in the event of conflict or inconsistency with this white paper in matters relating to the access, scope and duration of YNG token utility.
F.3 Planned application of functionalities	textBlock	All core functionalities are already active. Additional features will be progressively integrated, including crypto-cashback incentives, exclusive tools for premium users, and integration into forthcoming financial services on the platform.
A description of the characteristics of the other token, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109 of Regulation (EU) 2023/1114, as specified in accordance with paragraph 8 of that Article
F.4 Type of crypto-asset white paper	enumeration	Other crypto-asset token white paper
F.5 Type of submission	enumeration	New
F.6 Other token characteristics	textBlock	Token Name: Young Token Symbol: YNG Token Standard: ERC-20 Blockchain: Ethereum Fungibility: Fungible Total Supply: 100,000,000 YNG (fixed supply) Mint/Burn Mechanism: None (no inflationary or deflationary mechanics) Smart Contract Address: 0xA26Cbb76156090f4B40A1799A220fc4C946aFB3c
F.7 Commercial name or trading name	text	Young
F.8 Website of the issuer	text	https://exchange.youngplatform.com
F.9 Starting date of offer to the public or admission to trading	date	2026-05-08
F.10 Publication date	date	2026-05-07
F.11 Any other services provided by the issuer	textBlock	Young Platform S.p.A. offers trading, staking, educational content, digital wallets, and fiat-crypto conversion tools.
F.12 Language or languages of white paper	text	English
F.13 Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available	text	RGN2XS8ZG
F.14 Functionally fungible group digital token identifier, where available	text	Not available
F.15 Voluntary data flag	boolean	false
F.16 Personal data flag	boolean	false
F.17 LEI eligibility	boolean	true
F.18 Home member state	enumeration	Italy
F.19 Host member states #1	enumerationSet	Austria
F.19 Host member states #2	enumerationSet	Belgium
F.19 Host member states #3	enumerationSet	Bulgaria
F.19 Host member states #4	enumerationSet	Croatia
F.19 Host member states #5	enumerationSet	Cyprus
F.19 Host member states #6	enumerationSet	Czechia
F.19 Host member states #7	enumerationSet	Denmark
F.19 Host member states #8	enumerationSet	Estonia
F.19 Host member states #9	enumerationSet	Finland
F.19 Host member states #10	enumerationSet	France
F.19 Host member states #11	enumerationSet	Germany
F.19 Host member states #12	enumerationSet	Greece
F.19 Host member states #13	enumerationSet	Hungary
F.19 Host member states #14	enumerationSet	Ireland
F.19 Host member states #15	enumerationSet	Latvia
F.19 Host member states #16	enumerationSet	Lithuania
F.19 Host member states #17	enumerationSet	Luxembourg
F.19 Host member states #18	enumerationSet	Malta
F.19 Host member states #19	enumerationSet	Netherlands
F.19 Host member states #20	enumerationSet	Poland
F.19 Host member states #21	enumerationSet	Portugal
F.19 Host member states #22	enumerationSet	Romania
F.19 Host member states #23	enumerationSet	Slovakia
F.19 Host member states #24	enumerationSet	Slovenia
F.19 Host member states #25	enumerationSet	Spain
F.19 Host member states #26	enumerationSet	Sweden
Part G - Information on rights and obligations attached to other tokens
G.1 Purchaser rights and obligations	textBlock	A purchaser and holder of the YNG token possesses the following rights: - Right to Utility (Conditional): Access to the YNG Clubs tiered benefits system, contingent upon locking YNG tokens on the Young Platform and completing the KYC procedure. - to Transfer and Dispose: Freedom to transfer, sell, or otherwise dispose of YNG tokens on-chain or via any trading venue where the token is listed; time or quantity limitations on the transferability of YNG tokens may apply pursuant to the rules governing Clubs or access to services within the Young ecosystem; - Right to Self-Custody: Ability to store YNG in any ERC-20 compatible non-custodial wallet.
G.2 Exercise of rights and obligations	textBlock	Rights associated with the YNG token are exercisable upon the holder's registration and successful verification on the Young Platform, and adherence to its Terms and Conditions. Rights to benefits (e.g. trading discounts, staking boosts) are only active for the duration that the tokens are locked on the platform. Unlocking or withdrawing the tokens ends the active utility. The Terms and Conditions of Young Platform shall prevail in the event of conflict or inconsistency with this white paper in matters relating to the access, scope and duration of YNG token utility.
G.3 Conditions for modifications of rights and obligations	textBlock	The issuer may unilaterally modify, suspend or terminate any off-chain utility features linked to the YNG token, including but not limited to the YNG Clubs benefits framework, staking rewards, and platform perks, in accordance with its internal governance rules and commercial discretion. Any such change will be notified via official platform channels. Token holders shall not have any vested or acquired rights in respect of such benefits.
G.4 Future public offers	textBlock	Not applicable – the issuer has no current intention to conduct future public offerings.
G.5 Issuer retained other token	integer	100000000
G.6 Utility token classification	boolean	true
G.7 Key features of goods or services utility tokens	text	The YNG token grants access to the Young Platform's YNG Clubs, a benefits program that includes: (i) Tiered trading fee discounts on the exchange; (ii) Enhanced staking yields for supported assets; (iii) Cashback programs (e.g., for a debit card); (iv) Exclusive perks for higher-tier members, under development
G.8 Utility tokens redemption	text	The YNG token is not redeemed in the classical sense. Utility is "activated" through locking tokens on the Young Platform. Redemption occurs by: 1. Depositing YNG to the platform; 2. Locking the tokens in a chosen benefits tier (after KYC); 3. Automatically receiving the associated perks. The issuer makes no contractual or statutory promise that the utility associated with the YNG token will continue to be provided, nor that its scope or value will remain unchanged. The provision of such utility is discretionary and does not create a redemption obligation in favour of the holder.
G.9 Non-trading request	boolean	true
G.10 Other tokens purchase or sale modalities	text	Purchases and sales primarily occur on secondary markets, via centralized or decentralized platforms where YNG is admitted to trading. In a non-discretionary manner, Young Platform may enter into agreements that assign YNG as a bonus pursuant to relevant purchases of YNG. Historically, the Issuer has implemented incentive mechanisms granting bonus YNG conditional upon specific vesting or lock-up periods. The Issuer reserves the right to introduce similar vesting-based bonus structures in the future to align long-term interests within the ecosystem. Furthermore, the Issuer reserves the right to execute Over-The-Counter (OTC) sales for significant amounts or strategic purposes, to support project development and ecosystem growth. Additional details regarding such transactions are available directly from the Issuer.
G.11 Other tokens transfer restrictions	text	There are no protocol-level restrictions on YNG token transfers. However: (i) When tokens are locked for YNG Clubs utility, they become temporarily non-transferable. (ii) Once unlocked, transferability is fully restored. (iii) No cooldowns or penalties apply outside the lock-in. For additional information on transfer restrictions pursuant to locking, holders may contact the Issuer and/or access the Issuer's platform.
G.12 Supply adjustment protocols	boolean	false
G.13 Supply adjustment mechanisms	text	No – the total supply is fixed. The smart contract does not include minting or burning functions.
Other token schemes details
G.14 Token value protection schemes	boolean	true
G.15 Token value protection schemes description	textBlock	The issuer allocates part of its revenue to periodically repurchase YNG from the open market. Repurchased tokens are returned to the Treasury and used to support liquidity, staking rewards, or ecosystem initiatives. This program: (i) Is discretionary (not contractual); (ii) Is not a price guarantee; (iii) Can be suspended or terminated at any time. The buyback mechanism operated by the issuer is discretionary, non-binding and may be altered, suspended or terminated at any time. It does not constitute a contractual undertaking, liquidity guarantee, or price support measure. The issuer reserves full discretion over the allocation of treasury funds to such purposes.
G.16 Compensation schemes	boolean	false
G.17 Compensation schemes description	textBlock	Not applicable – the YNG token is outside the scope of Directive 97/9/EC or Directive 2014/49/EU.
G.18 Applicable law	textBlock	Italian law, as the law of the home Member State of the issuer.
G.19 Competent court	textBlock	Court of Turin (Foro di Torino), Italy, subject to mandatory consumer protection provisions.
Part H – Information on underlying technology
H.1 Distributed ledger technology (DTL)	text	The crypto-asset (YNG) is a token compatible with the ERC-20 standard. It does not operate on its own proprietary blockchain but relies entirely on the Ethereum blockchain as its underlying Distributed Ledger Technology (DLT). - DLT Type: The Ethereum network is a public, decentralized, and permissionless distributed ledger. - Consensus Mechanism: The network operates on a Proof-of-Stake (PoS) consensus mechanism. - Transaction Validation: All YNG token transactions (such as peer-to-peer transfers) are broadcast to the Ethereum network. They are subsequently validated by the distributed network of Ethereum validators, bundled into blocks, and permanently and immutably recorded on this public ledger.
H.2 Protocols and technical standards	text	Underlying Protocol (DLT): Ethereum (Proof-of-Stake). Token Technical Standard: The YNG token is a smart contract that strictly adheres to the ERC-20 (EIP-20) technical standard.
H.3 Technology used	textBlock	Custodial (Young Platform) Environment: YNG tokens deposited on the Young Platform ecosystem are held in the issuer's institutional-grade custodial solution to ensure a high standard of security and asset protection. Transferring (Internal): All transfers within the Young Platform ecosystem - such as a user moving YNG from their spot wallet to the "YNG Club" utility-locking mechanism - are processed off-chain. These transactions are recorded instantly on the issuer's proprietary internal ledger (a centralized database) and do not incur any Ethereum network "gas" fees for the user. Withdrawals from the platform to an external wallet are processed as standard on-chain transactions.
H.4 Consensus mechanism	text	The YNG token, as a standard ERC-20 smart contract, does not operate its own consensus mechanism. It relies entirely on the consensus mechanism of the distributed ledger technology it is built upon, which is the Ethereum blockchain.
H.5 Incentive mechanisms and applicable fees	text	The YNG token is an ERC-20 smart contract and does not operate its own proprietary blockchain. Therefore, it relies entirely on the incentive mechanisms and fee structure of the Ethereum network to secure transactions
H.6 Use of distributed ledger technology	boolean	true
H.7 DLT functionality description	textBlock	Not applicable – The YNG token's utility is not enforced through smart contract automation. Core functionalities such as membership benefits and fee discounts are applied by the issuer through its proprietary platform infrastructure. The blockchain functionality of the YNG token is limited to ERC-20 standard compliance and on-chain transferability. All token-linked utility features are managed off-chain and do not benefit from smart contract-level automation or on-chain enforceability.
Other token audit details
H.8 Audit	boolean	true
H.9 Audit outcome	textBlock	The audit (penetration test) resulted in the identification of minor vulnerabilities only, all of which were promptly remediated by the technical team.
Part I - Information on risks
I.1 Offer-related risks	textBlock	The acquisition of and trading in YNG tokens involves significant risks. Prospective purchasers and holders should carefully consider the following: (i) Price Volatility: The market price of YNG may be highly volatile and subject to rapid fluctuations driven by changes in market sentiment, macroeconomic events, or developments in the broader crypto-asset space. (ii) Uncertain Regulatory Environment: The crypto-asset industry is exposed to an evolving regulatory framework. The full implementation of MiCAR and other EU or national regulations may introduce new restrictions or obligations that affect YNG's transferability, tradability, or legal treatment. (iii) Technical and Security Risks: YNG, as an ERC-20 token on Ethereum, is exposed to risks related to smart contract vulnerabilities, blockchain-level attacks, or systemic faults within the Ethereum network. (iv) Ecosystem Dependency: The utility of YNG is closely tied to the operational performance and reputation of the Young Platform exchange. Any material disruption to the platform or loss of user confidence could adversely affect YNG's market value and utility.
I.2 Issuer-related risks	textBlock	Business and Sector Risks: The issuer operates in a competitive and highly volatile sector. Market downturns, declining interest in digital assets, or technological obsolescence may impair its business operations. Financial and Operational Risks: The issuer's financial condition is dependent on its ability to generate sustainable revenues and manage growth. Operational risks include reliance on internal systems, key personnel, and third-party service providers. Regulatory and Legal Risks: Changes in applicable law, including MiCAR and AML/CFT frameworks, may require operational changes, additional licensing, or expose the issuer to compliance costs and enforcement risk. The issuer's success is also dependent on sound governance and regulatory alignment.
I.3 Other tokens-related risks	textBlock	Price Instability and Volatility: YNG is not pegged to any fiat currency or tangible asset and may experience significant and unpredictable value fluctuations. Its market price is highly sensitive to external events, including regulatory developments, shifts in global investor sentiment, and the performance of the broader crypto-asset market (e.g., Bitcoin and Ethereum price movements). Holders should be aware that these factors may result in a partial or total loss of the value of their YNG tokens, regardless of the operational success of Young Platform. Utility features are discretionary and subject to change. The issuer may modify or suspend the benefits framework (e.g. trading discounts, staking boosts) at any time, which could affect the perceived value or attractiveness of the token. Holders should be aware that the functional value of the YNG token may be derived from platform-dependent utilities which are not guaranteed and may be amended, replaced, or discontinued at the issuer's discretion. No assurance is provided as to the continued existence, relevance or usability of such functions in the future. Liquidity and Secondary Market Risk: There is no guarantee that an active or liquid secondary market for YNG will emerge or be sustained. Even if YNG is listed on trading venues, periods of low trading volume may occur, resulting in wide bid-ask spreads and price slippage. Consequently, holders may not be able to sell or exit their positions rapidly or at their desired price point without incurring significant losses. Furthermore, the token may be subject to delisting from trading venues, which would severely impact its liquidity and marketability. Technological and Operational Risks: YNG is issued on the Ethereum blockchain and is subject to risks inherent to Distributed Ledger Technology (DLT), including network congestion, high transaction fees ("gas fees"), and potential consensus mechanism failures or "forks." Additionally, while smart contracts may be audited, they remain susceptible to undiscovered vulnerabilities, bugs, or exploits that could lead to the theft or freezing of assets. Furthermore, as the primary utility of YNG is integrated within the centralized Young Platform ecosystem, holders are exposed to operational risks specific to the Issuer's infrastructure. System outages, hardware failures, or security breaches affecting the centralized platform may disrupt trading activities and temporarily or permanently restrict access to YNG utilities and benefits. Utility, Adoption, and Project Risk: The value and demand for YNG are intrinsically linked to the continued growth, adoption, and commercial success of the Young Platform ecosystem. A failure to expand the user base, increased competition in the crypto-exchange market, or a reputational loss for the Issuer could significantly reduce demand for the token. Moreover, the Issuer reserves the right to modify the features, benefits, or reward tiers associated with YNG to ensure business sustainability. Such changes could negatively impact the perceived utility and market value of the token. Custodial and Security Risk: The safeguarding of YNG involves distinct risks depending on the storage method chosen: Self-Custody: Holders managing their own private keys assume full responsibility; the loss of private keys or access credentials, as well as phishing attacks or malware on personal devices, will result in the irreversible loss of the assets. Third-Party Custody: Holders keeping YNG on centralized exchanges or custodial wallets are exposed to counterparty risk. This includes the risk of the custodian's insolvency, bankruptcy, technical failures, or cyber-security breaches, which could lead to the loss of the assets held on the user's behalf.
I.4 Project implementation-related risks	textBlock	Adoption and Competitive Risk: If the YNG utility model fails to attract users or is outcompeted by alternative token models or platforms, demand may decline. Regulatory Implementation Risk: As MiCAR and related regulations evolve, the issuer may be required to adjust the project's design, distribution mechanisms, or token features, potentially disrupting planned functionalities.
I.5 Technology-related risks	textBlock	Ethereum Network Dependency: YNG's existence and operation are fully dependent on the Ethereum blockchain. Network congestion, consensus failure, or sustained attacks on Ethereum could affect transferability and functionality. As the YNG token is deployed on Ethereum, any material changes to Ethereum's architecture - including forks, shifts in validator incentives, or protocol-level upgrades (e.g. EIPs) - may affect transaction costs or operability. Additionally, periods of elevated gas fees or congestion may render certain functions uneconomical or temporarily unavailable. Smart Contract Vulnerabilities: Despite undergoing external audits, the YNG smart contract may still contain unknown bugs or vulnerabilities that could result in exploitation or malfunction.
I.6 Mitigation measures	textBlock	Security Audits: The YNG smart contract was audited by an external cybersecurity firm. Identified vulnerabilities were corrected before deployment. Off-Chain Utility Management: YNG's core utilities (e.g. YNG Clubs benefits) are executed through the issuer's centralized infrastructure, minimizing dependency on the Ethereum network's performance. Regulatory Compliance Framework: The issuer actively monitors regulatory developments and adapts its procedures and disclosures to remain compliant, including under MiCAR and related EU directives.
Part J - Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts
J.1 Adverse impacts on climate and other environment-related adverse impacts	textBlock
Mandatory information on principal adverse impacts on the climate and other environment-related adverse impacts of the consensus mechanism
General information about adverse impacts
S.1 Name	text	Young Platform S.p.A
S.2 Relevant legal entity identifier	text	815600F1E30AAB016171
S.3 Name of the crypto-asset	text	Young (YNG)
S.4 Consensus mechanism	text	The crypto-asset (YNG), as an ERC-20 smart contract, does not operate its own consensus mechanism. It relies entirely on the consensus mechanism of the public, decentralized distributed ledger technology on which it is deployed: the Ethereum network (Proof-of-Stake).
S.5 Incentive mechanisms and applicable fees	text	The YNG token, as an ERC-20 smart contract, does not operate its own proprietary blockchain or consensus mechanism. Consequently, it does not have its own specific incentive mechanism to secure transactions. It relies entirely on the incentive mechanisms and fee structure of the Ethereum network.
S.6 Beginning of period to which disclosed information relates	date	2024-01-01
S.7 End of period to which disclosed information relates	date	2025-01-01
Mandatory key indicator
S.8 Energy consumption	energy (kWh)	1.723 kWh
Sources and methodologies
S.9 Energy consumption sources and methodologies	textBlock	As the YNG crypto-asset is an ERC-20 token deployed on the Ethereum network, it does not have its own separate energy consumption. The energy impact is calculated proportionally based on YNG's share of total transactions on Ethereum during the 2024 calendar year. Methodology: Energy Consumption = (YNG Transactions / Total Ethereum Transactions) × Total Ethereum Network Consumption ● Total Ethereum Network Consumption (2024): 10,000,000 kWh (Source: Annualized estimate of 0.01 TWh/year – Digiconomist, Ethereum Energy Consumption Index, 2024) ● Total Ethereum Transactions (2024): 429,521,466 (Source: Etherscan, https://etherscan.io/chart/tx) ● YNG On-Chain Transactions (2024): 74 (Source: Etherscan, filtered for contract 0xA26Cbb76156090f4B40A1799A220fc4C946aFB3c) Final Calculation: (74 ÷ 429,521,466) × 10,000,000 kWh = 1.723 kWh
Supplementary information on principal adverse impacts on climate and other environment-related adverse impacts of consensus mechanism
Supplementary key indicators
S.10 Renewable energy consumption	percent
S.11 Energy intensity	energy (kWh)
S.12 Scope 1 DLT GHG emissions - controlled	GHG emissions (tCO2e)
S.13 Scope 2 DLT GHG emissions - purchased	GHG emissions (tCO2e)
S.14 GHG intensity	GHG emissions (tCO2e)
Sources and methodologies
S.15 Key energy sources and methodologies	textBlock
S.16 Key GHG sources and methodologies	textBlock
Optional information on principal adverse impacts on the climate and on other environment-related adverse impacts of the consensus mechanism
Optional indicators
S. 17 Energy mix	percent
S.18 Energy use reduction
Energy use reduction target (absolute value)	energy (kWh)
Energy use reduction target (percentage)	percent
S.19 Carbon intensity (kgCO2e/kWh)	decimal
S.20 Scope 3 DLT GHG emissions - value chain	GHG emissions (tCO2e)
S.21 GHG emissions reduction targets or commitments	textBlock
S.22 Generation of waste electrical and electronic equipment (WEEE)	mass (tonnes)
S.23 Non-recycled WEEE ratio	percent
S.24 Generation of hazardous waste	mass (tonnes)
S.25 Generation of waste (all types)	mass (tonnes)
S.26 Non-recycled waste ratio (all types)	percent
S.27 Waste intensity (all types)	mass (tonnes)
S.28 Waste reduction targets or commitments (all types)	textBlock
S.29 Impact of use of equipment on natural resources	textBlock
S.30 Natural resources use reduction targets or commitments	textBlock
S.31 Water use	volume (m3)
S.32 Non recycled water ratio	percent
Sources and methodologies
S.33 Other energy sources and methodologies	textBlock
S.34 Other GHG sources and methodologies	textBlock
S.35 Waste sources and methodologies	textBlock
S.36 Natural resources sources and methodologies	textBlock