BEST • 5 min read
By Paul Klanschek
We’ve just completed the ninth BEST burn and burned 7,944,211 BEST with a total value of €5,982,564. This was the first burn since we introduced our all-new BEST 2.0 earlier this month. Read on to discover everything about BEST 2.0, explained by our co-founder & co-CEO, Paul Klanschek.
More than two years after its launch, BEST (the Bitpanda ecosystem token) has seen fantastic integration in the Bitpanda community, living up to its mission to benefit all Bitpanda users.
We’re delighted to keep up with the pace of growth of our amazing community by launching BEST 2.0 to bring you even more perks and benefits.
We are excited to start the year with our 9th BEST Burn, the first of our monthly burns: from now on, we’ll bring you BEST Burns every month, instead of at the end of every quarter, until a maximum of 75% of the total BEST supply has been burned.
We introduced our new BEST Burn structure in the scope of BEST 2.0.
With the introduction of the all-new BEST Stimulus Programme, Bitpanda takes and burns BEST in the amount of up to 25% of collected trading premiums by BEST holders with a VIP level. This burning process will be repeated monthly until a maximum of 75% of the total BEST supply (out of 1 billion BEST originally issued) has been burned.
For those of you who are new to Bitpanda: the purpose of BEST burns is to decrease the total amount of BEST in existence. The burning process leaves fewer tokens in circulation, rendering the remaining tokens more valuable, and therefore resulting in greater benefits for the BEST holders.
For our BEST burn event #9, we collected BEST throughout the months since our previous burn and burned 7,944,211 BEST, with a total value of €5,982,564. Find all the details of our ninth burn - including the burning transaction - here and view the current BEST supply under “Max Total Supply” here.
New VIP levels starting from 10 BEST only
With BEST 2.0, we’re inviting more users to join the party by expanding our BEST VIP levels. We are now offering five BEST VIP levels instead of the previous three, and all Bitpanda users holding at least 10 BEST now qualify to access our VIP benefits. The more, the merrier!
More than 15% additional BEST Rewards every year, with weekly payouts
You qualify as a BEST VIP if you’re holding 10 BEST or more and will soon be eligible to receive 0.10% of your BEST holdings back weekly via our Base Rewards feature. Overall, with the upcoming BEST Rewards upgrade, you will be eligible to collect more than 15% of your BEST holdings every year.
Supercharge your rewards with the Instant Trade Bonus
Another new BEST feature is the Instant Trade Bonus, which allows you to supercharge the rewards you are entitled to. Thanks to the Instant Trade Bonus feature, you can earn up to 0.25% of your trade volume back in BEST and have it credited instantly to your wallet after every trade.
Plus, this is just the beginning: I’m excited to say there’s a lot more in the pipeline for our BEST users. We hope you’ll love it as much as we do. Read all about what’s coming up in our BEST Visionpaper 2.0.
The 9th BEST burn officially marks the beginning of the monthly burning events. Get ready and save the dates: once a month from now on! In fact, the 9th burn is the first of our new and improved burns which will now take place monthly instead of quarterly, thanks to BEST 2.0.
Take a look at the overview of the future monthly BEST burns:
If you haven’t done so already, make sure to agree to our new terms and conditions on BEST 2.0 and our Bitpanda Loyalty Programme in your Bitpanda App for iOS and Android or via the web app - and you are all set to get the BEST out of Bitpanda!
Since our last burn on October 29, 2021, a lot of things have happened at Bitpanda:
We now offer our users more than 1,000 assets: yes, one thousand! We listed many new coins, Bitpanda Stocks* and ETFs* on Bitpanda, bringing the total number of digital assets we are offering on our platform to more than 1,000 and leaving the Bitpanda Stocks* Beta phase behind.
We are bridging the gap between traditional finance and the internet: and we started off with a bang. We want to enable fintechs, traditional banks and online platforms to enter the world of digital assets. Thanks to our White Label solution, Bitpanda has joined forces with Fabrik and Lydia.
We launched our very own Bitpanda Bitcoin ETC: staying true to our goal of opening up the world of cryptocurrencies to all investors, our team has been working relentlessly to launch this innovative exchange-traded product. It’s the first product of this kind, but rest assured more will follow.
We launched in the Nordics: Danish residents can now join Bitpanda and start investing in a matter of clicks.
We welcomed Albert Zaragoza as VP of Engineering: having Albert on board as VP of Engineering in our new Barcelona Tech Hub means we’ve got the perfect person to guide our rocketship to success.
With our Growth Leadership team now onboard, we’re ready to grow even faster than before, as we become the leading investment platform in Europe and beyond.
We have many other thrilling projects coming up this year. Stay tuned for more and thank you for being part of our fantastic Bitpanda community.
CEO and co-founder of Bitpanda
*Bitpanda Stocks enables investing in fractional stocks. Fractional stocks in Europe are always enabled via a contract which replicates the underlying stock or ETF (financial instruments pursuant to section 1 item 7 lit. d WAG 2018). Investing in stocks and ETFs carries risks. For more details see the prospectus at bitpanda.com.
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.