Introducing BEST 2.0—the BEST way to get the most out of Bitpanda

We're proudly rolling out the red carpet for BEST 2.0.

Early next year, our Bitpanda Loyalty Programme is getting a much-anticipated upgrade. Say hello to BEST 2.0, the gateway to our new-and-improved Bitpanda Loyalty Programme, packed with updated benefits, features and even higher BEST rewards.

Read on to find out what's new and what else we have in store for the future:

New VIP Levels

Being a BEST VIP is a great way to get the most out of Bitpanda. Now, we're inviting even more of our users to the party, by expanding the BEST VIP levels from three to five, giving you access to VIP benefits by holding as little as 10 BEST. It’s our way of building an inclusive community and giving you simply the BEST of Bitpanda.

Here's a snapshot of the updated BEST VIP levels and their thresholds:

Get more than 15% additional BEST every year

As a BEST VIP, you'll soon be eligible to collect more than 15% in BEST every year by holding at least 10 BEST, participating in the Bitpanda Loyalty Programme and claiming your weekly reward. Yup, all VIPs are eligible to receive 0.10% of their BEST holdings back every week via our Base-Rewards feature. Please bear in mind from Q2 2022 onwards BEST Rewards is switched from monthly to weekly claiming and payout. 

The higher your BEST VIP level and the more you trade, the more BEST you may be entitled to collect. Take a look at the table below to see how much extra BEST you can potentially receive per week based on your VIP level:

Besides boosting your BEST Rewards via your VIP level, you can collect up to an additional 0.075% per week, depending on your total amount traded in the previous week. 

Thus, by maximising your BEST Rewards, you may be entitled to collect 0.275% (0.10% via Base-Rewards + 0.10% via your VIP Level Bonus and + 0.075% via Trading Volume Bonus) of your BEST holdings every single week, which translates into a potential yearly increase of your BEST holdings by over 15%! 

But that’s not all! 

Via the all-new Instant Trade Bonus feature, Bitpanda now allows you to supercharge the rewards you are entitled to collect - thus even surpassing the 15% threshold!

How does that work?

With the Instant Trade Bonus, you can earn up to 0.25% (depending on the traded asset) of your trade volume in BEST - credited instantly after every trade. The amount you are eligible to receive is adjusted according to your VIP level. The higher your BEST VIP level, the more instant BEST you may be entitled to receive! 

Snapshot of the eligible Instant Trade Bonus per BEST VIP level and across asset classes:

BEST Stimulus Programme and Burn

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 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. 

Confused? We're basically decreasing the amount of BEST in circulation quicker than before. Fewer tokens means BEST becomes even more scarce.

And this is just the beginning...

While we’re excited to announce this update (and we hope you are too), it’s only the beginning. In the coming months, we’ll be rolling out even more perks and benefits to our loyal Bitpanda community. Think things like exclusive new feature access for VIPs, or soon being able to collect BEST with everything you do on the Bitpanda platform, or the highly anticipated go-live of our Bitpanda Launchpad: A platform that will help project teams to launch their own token. It's all in the pipeline and as a BEST VIP, you have a front row seat. Watch this space over the next few months.

How to join BEST 2.0?

You can agree to our new terms and conditions on BEST 2.0 and our Bitpanda Loyalty Programme from December 16, 2021.

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.