BEST Burn #32 is here: PLUS get the latest Bitpanda ecosystem news

The difference is BEST 

After a challenging period, the second half of 2023 saw the beginnings of a thaw in the crypto winter and a very strong end of the year for BEST. So as the 32nd BEST burn arrives, there’s no better time to remind ourselves of the critical differences that make BEST stand out against other exchange tokens. BEST serves as Bitpanda's loyalty program, rewarding active users for their engagement within the Bitpanda ecosystem. Instead of facilitating borrowing or financial transactions, BEST incentivises users to hold and earn tokens through various perks, including weekly BEST rewards and enhanced staking rewards. BEST trading primarily occurs on Bitpanda, which helps to emphasise its role as a utility token within the Bitpanda ecosystem. And as Bitpanda is a broker, and BEST volume is not publicly available or fed into external sites, sometimes the volume and prices displayed can differ.  

2023 in BEST - a year in review 

1. BEST VIPs evolution

2023 has been a year of growth for BEST, which is reflected in a substantial increase in the number of BEST VIPs, especially in the last quarter of 2023.

BEST VIP user growth (YOY): The users holding BEST grew by a positive 4.12% year-over-year. We saw tremendous growth, especially in the  BEST VIP levels 4 and 5 which shows a very strong increase in the core BEST customer base.

2. Weekly users claimed BEST Rewards

More and more users engaged with BEST in 2023, which is shown with the BEST weekly rewards. Over 75% more people are using BEST rewards since the beginning of September. The current number of users that claim BEST rewards is an all-time record number:

The latest Bitpanda news and updates 

• Bitpanda Staking goes from strength to strength
  With recent additions Casper (CSPR), Axie Infinity Shard (AXS), Moonbeam (GLMR), Bitpanda Staking now offers 32 staking options, and the chance to earn up to 26% APY*. This means Bitpanda continues to offer one of the largest staking coin offerings in the crypto world. And don’t forget, BEST VIPs can increase their staking rewards by up to 12.5% more. Learn more. Learn more.
  
  
• The Bitpanda Advent Calendar
  To celebrate the festive season, we ran one of our biggest raffles ever! As part of the Bitpanda Advent Calendar, between November 27th, 2023, and December 24th, 2023 we gave away big prizes every week in four amazing raffles. In total, we offered prizes worth over €100,000, including 20,000 BEST! Including two lucky people who each won a Bitcoin. Thanks to everyone who took part, and keep an eye out in 2024 for even more amazing raffles.
  
  
• Get ready for the Bitcoin Halving
  One of the biggest events in the crypto calendar is due to take place in the first half of 2024, and we’ve got all the information you need. The Bitcoin Halving is an event that halves the rate at which new bitcoins are created and cuts the block reward that miners receive in half. We’ve created an exciting hub where you can learn everything about Bitcoin halving, its importance in the crypto industry, impact on miners and investors like you, as well as other exciting surprises. Learn more.
  
  
• The BEST committee update
  We’ve continued working on the formation of an independent committee to look after the future of BEST. We are dedicated to establishing a robust and transparent governance structure, which includes the involvement of external experts from the industry, to ensure a sustainable and future-proof foundation for BEST. Due to our commitment to corporate and regulatory excellence, this project will take time, but we are making exciting progress towards this goal every day and hope to launch the committee in Q1 2024.
  
  
• Bitpanda Spotlight had a massive 2023
  Bitpanda Spotlight had a positive 2023, adding exciting new projects throughout the year, including Dogami and Shimmer. That brings the total number of Bitpanda Spotlight projects to 24, with more to come in 2024. And don’t forget, by becoming a BEST VIP, you can participate in our exclusive giveaways, where you can earn up to 5x free coins on top of any existing rewards. The higher your VIP level the more you could earn. Learn more. 

The 32nd BEST Burn is here!

We’re ending the year on a high with the massive 32nd burn of 6,502,559 BEST with a total value of €2,440,410. You can get all the details about our 32nd burn - including burn transaction - here. And check the BEST Supply section to find out how much BEST is held by our users here. 

What’s next for BEST  

Let’s take a quick look at what’s in store for BEST. We're already gearing up for our following big projects, including Dust2BEST and the introduction of Limit Orders. These upcoming features will enhance your trading experience, offering more control, efficiency, and potential for your investments. Stay tuned as we push the boundaries, crafting cutting-edge solutions that support your investment goals.

When is the next BEST Burn going to happen 

Where can I learn more about investing? 

Head over to our app for iOS and Android or our web app and check out the price developments of your favourite cryptocurrencies, stocks*, ETFs* and precious metals. Learn more about investing in the Bitpanda Academy and on the Bitpanda Blog. Don't want to miss our news? Follow our X and Instagram.

Disclaimer

Please keep in mind that Bitpanda may at any time terminate the BEST Rewards and may decide not to pay them out. BEST rewards, as any other feature within the Bitpanda Loyalty Programme, do not represent a claim on or against Bitpanda or any of its affiliates and shall not be deemed legally binding. See also Bitpanda Loyalty Programme Terms for more details.