Y

We have some sad news. For almost a year, we’ve been building Y. In that time, we launched an educational program, a bot, and an app. Millions of you joined us on Telegram, and hundreds of thousands used the app — and we’re deeply grateful for that. But despite all our efforts, we weren’t able to make Y truly useful, needed, or loved enough. So today, we’re putting it on hold. We’re sorry we couldn’t live up to your hopes. With love and sadness, The Y Team 💚

We've run 3 rounds of the Ref Contest now, and while they've been great for bringing new people in, it wouldn't be too entertaining to launch the 4th one, would it? We do have plans for contests focused on those who collect Y Points. But this will likely happen after Season 2 launch, since there aren't too many ways to gather points at the moment. So, while we wait for that and look for other engaging activities, we want to hear from You! What kind of contests would you find fun and exciting? What would you enjoy participating in? Drop your ideas, simple or ambitious, in the comments

If you spot any bugs, glitches, or anything that doesn't seem right while using the app, please help us out by reporting it. You can submit reports directly through the app: Settings -> Report a Problem Remember, there are Y Point rewards for confirmed critical bugs.

Happy Monday, hope everyone had a refreshing weekend! Kicking off a new week – anyone have any exciting updates, personal wins, or cool things they'd like to share with the community? What's new on your end? Speaking of updates, we've got one from our side too: filming for Season 2 videos is officially complete! So get ready, they'll be dropping shortly. Looking forward to hearing your updates and have a productive and awesome week ahead!

That's a wrap for Round 3 of the Y Passport Referral Contest! Thank you to everyone who invited friends and helped grow the Y community! Congrats to: carol0301 mrwillt lroiiii presh5050 kateryna1 bolacounty szymanszki milanka koslovbenny vincentcypher Please send a DM to @Y_Nation_admin by 09.05.2025 to claim your prize.

While waiting for the upcoming updates and Season 2, let’s talk about where to keep your crypto. This choice goes way beyond simple storage – it determines who has ultimate control, the security risks you face, and what parts of the crypto world you can access. Custodial Wallets: The "Crypto Bank" Experience If you use a major cryptocurrency exchange like Coinbase, Binance, or Kraken to buy, sell, and hold your crypto, you're likely using a Custodial Wallet. How it Works: The exchange acts like a bank or custodian. They manage the complex private keys (the secret codes that control your crypto) on your behalf. Your experience feels familiar – you log in with a username and password, and if you forget it, there's usually a recovery process. This makes it feel very convenient, especially for beginners or those focused on trading within that platform. Trading is often seamless, and converting back to traditional currency can be straightforward. The Trade-Off: That convenience comes with a crucial trade-off. Because the exchange holds the keys, you don't have direct, absolute control over your funds. This leads to the famous crypto expression: "Not your keys, not your coins." You're trusting the platform entirely. This trust carries risks. Exchanges are major targets for hackers (think Mt. Gox), and if the platform fails or goes bankrupt (like FTX or Celsius), your funds could be lost or tied up indefinitely as part of their assets. Your crypto held on an exchange is generally not protected by government insurance schemes and the exchange can freeze your account or restrict access. Non-Custodial (Self-Custody) Wallets: Being Your Own Bank The alternative is taking direct control with a Non-Custodial Wallet, using tools like MetaMask, Trust Wallet, or hardware devices like Ledger and Trezor. How it Works: Here, you are in charge. When you set up this type of wallet, you are given the private keys, most importantly represented by a Seed Phrase (usually 12 or 24 words). This phrase is your master key – it allows you to access your crypto and acts as your only backup if you lose your device. The Power: The benefit is true ownership and control. No third party can freeze, seize, or deny access to your funds. You are immune if an exchange platform collapses. This control is also essential for interacting directly with the decentralized web (Web3) – think DeFi protocols, NFT marketplaces, and dApps. You also generally maintain more privacy, as setting up the wallet often doesn't require KYC. The Responsibility: This power comes with significant personal responsibility. If you lose your seed phrase, your crypto is gone forever. There is no 'forgot password' link, no customer support to help. You are solely responsible for protecting yourself against scams and hacks. Within self-custody, "hot wallets" (software like MetaMask) are convenient for daily use as they're online, but carry more risk; "cold wallets" (hardware like Ledger) keep keys offline for maximum security but are less convenient. Making Your Choice Neither approach is universally "best." It's about understanding the trade-offs: Custodial: Offers convenience and familiarity, good for beginners or frequent CEX trading, but you sacrifice control and accept platform risks. Non-Custodial: Provides full control, ownership, and Web3 access, but demands significant personal responsibility for security and key management. Many people use a hybrid strategy: keeping smaller amounts or trading funds on a trusted exchange (custodial) while securing larger, long-term holdings or assets used for DeFi/NFTs in a non-custodial wallet (often hardware for best security). The key is knowing who holds your keys and understanding what that means for you. What approach do you prefer for managing your crypto, and why? Share your thoughts and experiences below

While #HatchingTheFuture has wrapped up, don't forget – Referral Contest is still going. Keep inviting your friends using your referral link in the Y Passport app ("Get more points" -> "Invite friends"). And don't forget to install the app itself

The creativity and the effort you poured into the #HatchingTheFuture contest was incredible! We saw AI masterpieces, hand-drawn and hand-crafted wonders — it was tough to choose so we decided to expand the prize pool! Instead of 5 chosen + 5 random, we’re awarding 10 chosen + 5 random. Congrats to our winners: @Rad_Arafat1 @iamCollinsiwu123 Frozen fire 💠 @Shakir126 💲BLM Meshchain.Ai⚡️VIA💠🐾🐍Diablo Zutsiju 🧢CAPTCHA VIA TAPX 🦴 MyGate Network Somi Sym 🗝Nordom🚪 @ClownFa @Hassanotr1 @OBIKTAKER @aksikucing @Pannonia70 @Dainnyibot @Kinousjawed @Adamzy032 @SonsofTonMaxinczw If you are listed above, please send DM to @Y_Nation_admin by 06.05.2025 to claim your 25 USDC prize.

The Y Passport Bug Bounty program is still running! If you encounter any bugs, glitches, or strange behavior, please let us know through Settings -> Report a Problem Confirmed critical reports earn Y Point rewards!

Today let's talk some more about crypto and real world connection. Thinking about those crypto apps or wallets where you can order a spending card (physical or virtual). Have you received a card through one of these apps and which one if so? How easy and convenient was that? Is it easy to top up and use? Share your real experiences in the comments below!

Friendly reminder, folks: Round 3 of the Referral Contest is still running. Y Passport app -> "Get more points" -> grab your link -> share it around. Still a lot of time to get those verified referrals in

It’s a fact that devices, websites, and apps collect data about their users — date of birth, IP address, location, activity, and search history within the app. Why does private data matter? Data collection can be useful to see where users struggle and improve apps, but it can also be misused: - Google allowed advertisers to target users based on their health conditions, potentially exploiting vulnerable individuals through tailored ads. - Microsoft updated LinkedIn’s user agreement to grant itself permission to use private messages to train AI models. - Cambridge Analytica harvested and sold detailed psychological profiles of Facebook users, enabling hyper-targeted political advertising. How is data collection relevant to Web3? As AI technology advances, what once seemed like science fiction — artificial clones stealing identities — could soon become reality. Imagine applying for an airdrop only to be flagged as a bot because AI has copied and mimicked your digital identity and online behaviour and applied first. How can Y protect your digital identity? Y enables users to claim ownership of their digital identity and safeguard it for the future, ensuring privacy by storing only Zero-Knowledge Proofs instead of the actual data. The idea of Y is to prove that you are a unique human being while keeping your data safe. So don't forget to install Y Passport App

Hope you all had a fantastic Easter! Did you manage to relax and maybe even go on an actual egg hunt? Just a quick reminder that our #HatchingTheFuture Contest is still running – loving the submissions we've seen so far! The contest officially ends on April 28th. Still got time to create your own Y hatching egg art!

Nice to see some positive movement in crypto after the recent choppiness, right? Is it the start of a bigger run, just a temporary bounce, or maybe some sideways action for a while? Drop your thoughts and predictions below

Bug Bounty Reminder! Help us improve Y Passport! Our bug bounty program is still running. Report any critical bugs you find via 'Settings' -> 'Report a Problem' in the app. Earn up to 25,000 Y Points for confirmed reports!

You can still participate in the Y Passport Referral Contest. Invite your friends using your referral link in the app to win 100 USDC! Remember, verified referrals are essential.

Let's get creative this Easter and see your vision of the future Y Passport hatching! 1) Create an original piece of art (digital, drawing, photo edit, AI-gen, whatever works!) showing an egg hatching with the Y logo featured. Think: upcoming updates, growth, the future of Y! 2) Post it on your social media with hashtags #HatchingTheFuture and #YPassport. 3) Share a screenshot of your social media post in Y Nation Chat untill April 28. Our team will pick the top 5 most creative entries and randomly select 5 valid entries - 25 USDC each!

Let's run one more referral contest while waiting for the updates, shall we?  As usual: Y Passport app, "Get more points," referral link, invite.  Top 5, 5 random, 100 USDC, you know how it works.  ⚠️ Important: New verified referrals only (joined during the next 2 weeks). Yep, almost forgot to remind you to install the Y Passport App

Thanks for sharing your thoughts on those missing crypto wallet features! It seems like everyone is really not a fan of gas fees. Go figure, right? You also suggested simpler security (like ZK-proofs) and better UX (with things like charts and engagement rewards). Plus, complicated wallet access is a pain point for many. It sounds like crypto apps still have a ways to go in terms of simplicity and usability. Thanks again for the feedback! And don't forget to install Y Passport app!

Thank you for the bug reports and for helping us improve Y Passport's stability and performance! You've submitted 2860 reports so far and we will be awarding a total of 800,000 Y Points for the confirmed ones. We're extending the program for another month, so keep those reports coming, especially after the upcoming updates!