BEST • 3 min read
By Sophie Nicolas
Welcome to the seventh 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. So without further ado, let’s just jump right into it!
In case you missed it, we recently introduced a new and exciting loyalty programme called BEST Rewards. With this, you can increase your BEST holdings by up to 12.78% a year. All you have to do is hold BEST in your Bitpanda wallet and do at least one monthly trade (see details below). The higher your BEST VIP level and the more you trade, the more BEST you collect.
Since we announced BEST Rewards on the 31st of March, we’ve seen that our users are getting more and more involved in our new loyalty programme. Here are some interesting numbers and stats:
As we are constantly adding more features and upgrades around BEST, we’re excited to introduce the all new “My BEST” section in your Bitpanda account settings. In this new section, you can see more information about your BEST level, your trading volume and how much BEST you’ll be able to collect for the month. Plus, it makes it unlikely that you’ll miss your chance to claim and trade each month. This feature can be found in your account settings online, on iOS and on Android.
In February 2020, 26.2% of active traders used BEST to pay trading premiums. As you can see from the graphic, in March 2020, this settled at 25.2% before surging to 29.0% in April. Lastly, in May 2020, BEST soared to 30.6%, we can only speculate this was due to the new BEST Rewards system.
To conclude, in May 2020, we found that 24% of the total trading premiums on Bitpanda and Bitpanda Pro were paid using BEST. If you take a look at our BEST recap #6, you’ll see that 25% of trading premiums were paid using BEST in April. Overall, we are really happy to see that around a quarter of all trading premiums on both Bitpanda and Bitpanda Pro are being paid using BEST.
All in all, we’ve had a good month of BEST usage due to the BEST burn in April, BEST coin votings and now the BEST rewards programme. As a matter of fact, in the first two months, more than 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.
€100k worth of daily prizes are waiting for you, from Dec. 1Read 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.
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