BEST • 2 min read
BEST, the Bitpanda Ecosystem Token will make use of its first features starting October 30th. From then on, you will be able to pay trading fees using BEST.
BEST, the Bitpanda Ecosystem Token, will make use of its first features starting October 30th. From then on, you will be able to pay trading fees on the Bitpanda Global Exchange using BEST and receive a 25% reduction on your fees. Plus, we guarantee you that in the first year (i.e. the rest of 2019, as well as 2020) one BEST will have a minimum value of €0.12 when you use it to pay fees. And this value will increase by 10% each year for the next 4 years (e.g. to €0.132 in 2021, etc.).
BEST is the coin of the expanding Bitpanda ecosystem. It is going to play a vital role in our future growth and will offer a wide range of benefits and rewards to users. We are very happy to announce that the first exciting features of BEST will arrive on October 30th, 2019!
All users holding BEST on both the Bitpanda platform and the Bitpanda Global Exchange will be able to pay trading fees using BEST starting from October 30th, 2019 and will receive a discount of 25% for doing so. You just have to hold BEST in your wallet and it will automatically be deducted from your BEST wallet.
Regardless of what the current price of BEST is, Bitpanda guarantees you that in the first year (i.e. the rest of 2019, as well as 2020) one BEST will have a minimum value of €0.12 when you use it to pay fees. The guaranteed minimum value of one BEST for paying fees will increase over time — for example, it is going to be €0.132 in 2021 and €0.145 in 2022.
The first token burn event will happen after the first quarter of 2020. In early April 2020, we will destroy 25% of the amount of BEST received from users who paid trading fees with BEST. This will continue on a quarterly basis until 50% of the total BEST supply is destroyed.
Ready to buy some BEST? You can buy BEST on Bitpanda or on the Global Exchange. You can also swap every supported cryptocurrency, stablecoin and even digitised gold, silver, palladium and platinum to BEST.
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