BEST • 2 min read
By Sophie Nicolas
Welcome to the ninth instalment of the Bitpanda Ecosystem Token Recap. In this series, we’ll tell you everything you need to know about BEST, such as updates, token burns and rewards.
The 7th of August, 2020 marked the first trading anniversary of our Bitpanda Ecosystem Token. So we celebrated by hosting a giveaway of 250,000 BEST to our users!
On the 30th of July, we burned (destroyed) 18,685,933 BEST - the equivalent of €1,476,188. For comparison: in our second BEST token burn which took place on the 30th of April, 2020, we burned the equivalent of €2,058,252 in BEST!
These BEST tokens were permanently destroyed and, like in the first two events, we again burned more than 25% of the BEST used for trading premiums in the time between the 30th of April, 2020 and the 30th of July, 2020.
As you can see, in April 2020, 29.0% of our traders used BEST to pay trading premiums. This increased to 30.6% in May 2020 and then increased even further to 31.0% in June. And finally, we have 30.1% of trading premiums paid in BEST for July 2020.
In light of our recent BEST trading anniversary, we’re feeling pretty nostalgic. In the scope of just one year, BEST has evolved into the key to getting the most out of Bitpanda, offering our growing community of more than 1 million Bitpanda users a wide range of rewards and benefits. We’re still happy to see around a quarter of all trading premiums on both Bitpanda and Bitpanda Pro are being paid using BEST!
If you haven’t already heard, our BEST users are now able to claim rewards using our BEST Rewards system. In fact, in the first three months, over 40k users claimed their rewards. You can participate too if you haven't already! Here’s what you have to do.
Please note that we will stick to our policy to not report the exact amount of BEST collected for competition reasons.
Bitpanda’s Response to the War in UkraineRead more
Bitpanda GmbH ve grup şirketleri (Bitpanda) Türk Parasının Kıymetini’nin Korunması Hakkında 32 sayılı Karar’ın 2/b maddesine göre Türkiye’de yerleşik sayılan hiçbir kişiye yönelik olarak 6362 sayılı Sermaye Piyasası Kanunu başta olmak üzere Türkiye Cumhuriyeti Devleti mevzuatı hükümleri gereği Türkiye’de faaliyet izni gerektiren hiçbir sermaye piyasası faaliyetine dair hizmet sunmamaktadır. Şayet Bitpanda’nın yabancı sermaye piyasalarında vermiş olduğu hizmetlerden Türkiye’de yerleşik kişilerin faydalandığı tespit edilecek olursa tüm zararları kullanıcıya ait olmak üzere bu hizmetler ivedilikle sona erdirilecektir.
As the name would suggest, some cookies on our website are essential. They are necessary to remember your settings when using Bitpanda, (such as privacy or language settings), to protect the platform from attacks, or simply to stay logged in after you originally log in. You have the option to refuse, block or delete them, but this will significantly affect your experience using the website and not all our services will be available to you.
We use such cookies and similar technologies to collect information as users browse our website to help us better understand how it is used and then improve our services accordingly. It also helps us measure the overall performance of our website. We receive the date that this generates on an aggregated and anonymous basis. Blocking these cookies and tools does not affect the way our services work, but it does make it much harder for us to improve your experience.
These cookies are used to provide you with adverts relevant to Bitpanda. The tools for this are usually provided by third parties. With the help of these cookies and such third parties, we can ensure for example, that you don’t see the same ad more than once and that the advertisements are tailored to your interests. We can also use these technologies to measure the success of our marketing campaigns. Blocking these cookies and similar technologies does not generally affect the way our services work. Please note, however, that while you’ll still see advertisements about Bitpanda on websites, the adverts will no longer be personalised for you.