When entering the server for the first time, a player is granted the Young Player Status. This offers some protections while you learn the game and it's mechanics.
It is HIGHLY RECOMMENDED to take advantage of this 24 hours, that means, do not train AFK with a new player, since you will burn those hours too quickly. Raise stats, go out, and have fun, since you will not lose gear on death. It is a once in a lifetime opportunity to easily collect gold without the risk of losing it, and is much too valuable to waste it on AFK macroing.
Young Status inevitably ends. Several conditions can result in this:
The speech command "i renounce my young player status" will remove the character's young status instantly. Once this is done, that character will no longer contribute to the account-wide timer mentioned in #4 above.