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Bitpanda Ecosystem Token: Recap #8

Sophie Nicolas

By Sophie Nicolas

Welcome to the eighth 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!

But first, some BEST updates

Since we announced BEST Rewards on the 31st of March, we’ve seen that our users are getting more involved with our new loyalty programme. For example:

  • Over 22.5k users claimed their BEST Rewards in June, a large increase from 15k when we launched the programme in April.
  • On the 1st of July, over two million BEST was distributed as BEST Rewards to users.

Let’s look at the BEST statistics for June, 2020

In March 2020, 25.2% of active traders used BEST to pay trading premiums. As you can see from the graphic, in April 2020, this soared to 29.0% before again surging to 30.6% in May. Lastly, in June 2020, BEST settled at 31.0%, a good month for BEST overall.

Overall, we’ve seen a great few months of BEST adoption from our users and 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.

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.

Are you inspired and ready to buy some BEST?

You can buy BEST on Bitpanda or Bitpanda Pro. You can also swap any supported cryptocurrency, stablecoin and even digitised gold, silver, palladium and platinum to BEST. Happy trading!

Please note that we will stick to our policy to not report the exact amount of BEST collected for competition reasons.

Sophie Nicolas

Sophie Nicolas