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Simply the best: the 11th BEST Burn

Paul Klanschek

By Paul Klanschek


We’ve just completed the eleventh BEST burn: this time, we burned 1,828,046 BEST with a total value of €1,330,554. This BEST Burn comes with a special surprise for our community. Keep reading and get all the details from our co-founder & co-CEO, Paul Klanschek.

BEST (the Bitpanda Ecosystem Token) has seen excellent reception on both Bitpanda and Bitpanda Pro, since its launch back in August 2019. Over the past two years, the adoption of BEST has been increasing steadily and our plans to make BEST even better have followed suit: that is why we welcomed the much-anticipated update, BEST 2.0, at the end of 2021. 

Thanks to BEST 2.0, our community is enjoying the new and improved Bitpanda Loyalty Programme while we work on upcoming features, rewards and benefits.

Wondering what is coming up? Head over to the BEST 2.0 vision paper and see the improvements for our community that we are working on.

The 11th BEST Burn: all the details

Since our previous burn on March 3, we’ve collected BEST and burned 1,828,046 BEST today, with a total value of €1,330,554. You can get all the details about our eleventh burn - burn transaction included - here. Find out how much BEST is still in circulation here, under the section “Max Total Supply”.

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.

Why we’re burning BEST on a monthly basis

Simple: To give more benefits to our community. With every BEST burn, the total amount of BEST in existence decreases and fewer tokens remain in circulation. This process renders the remaining tokens more valuable, which brings greater benefits to our BEST holders.

When is the next BEST Burn going to happen? 

After burning BEST once a quarter until recently, the BEST burns now take place every month. Find out the dates of the upcoming burns in the overview below. Don’t miss them!

Have you checked your BEST wallet and your mailbox yet? The BEST stuff is coming your way!

We have a surprise for you: The Instant Trade Bonus payout for March is on its way! BEST holders who have accepted the BEST 2.0 Terms and Conditions will receive their Instant Trade Bonus payout starting later today, so keep a close eye on your wallet. 

But that’s not all! For our users who were BEST VIP level 2 before we introduced BEST 2.0, we have another sweet surprise: Remember the BEST merch we promised you via our email sendout? Guess what, it is on the way, so make sure to expect a delivery coming to your indicated address soon!

News from Bitpanda 

Stay tuned and follow our Bitpanda Blog and social media channels for all the Bitpanda news to come: this is just the beginning, we have so much more in store for you!

Paul Klanschek

Paul Klanschek

Co-founder & CEO