The Bitpanda Ecosystem Token (BEST)

Note: There are currently impostors around pretending to be official Bitpanda employees. They are contacting other Exchanges asking them to list our Bitpanda Ecosystem Token (BEST) and are promising financial opportunities. If you receive such emails, please contact our support team via our contact form.

 

With BEST you gain easy access to an entire ecosystem built to diversify your wealth across cryptocurrencies, digital assets and precious metals from the comfort of your home, just with the click of a button.

Vision

Explore the full scope of the Bitpanda Ecosystem Token (BEST) in our vision paper.

What is BEST?

BEST is the native coin of the Bitpanda investment platform, the Bitpanda Global Exchange and the entire Bitpanda ecosystem, and gives BEST holders several benefits.

Where can I buy BEST?

There are several opportunities for you to invest in the Bitpanda Ecosystem Token (BEST).

Private sale

Investors interested in investing 50,000 EUR or more can participate in a private token sale, starting on June 5, 2019. To register your interest, please contact: best@bitpanda.com

A limited amount of up to 300 million tokens will be sold. The private sale will be closed once 300 million BEST are sold, at the latest by July 30, 2019.

Public IEO

Interested investors can participate in the public IEO (Initial Exchange Offering) starting on July 9, 2019, and need to sign up on www.bitpanda.com/en/best to invest in the time frame defined in section 3.4 Issue Plan in our vision paper.

Tip: If you already have a Bitpanda account you don't have to sign up again. You can use your existing Bitpanda account to participate in the IEO.

Bitpanda Global Exchange listing

Following the IEO, Bitpanda will launch its brand new Global Exchange targeting experienced traders, professionals and institutions. You will be able to trade BEST against BTC, EUR and USDT on the Bitpanda Global Exchange starting with its launch on August 7, 2019.

Bitpanda investment platform listing

BEST will be added to Bitpanda’s investment platform as well. For updates on the exact date feel free to follow us on our social media channels. When buying BEST on the Bitpanda platform, just follow the steps on how to buy cryptocurrencies and digital assets.

Benefits

You are entitled to various benefits when using the Bitpanda Ecosystem Token (BEST), some of which are:

  • Up to 25% reduction on Bitpanda trading fees when using BEST to pay the fees
  • Perks based on holding certain amounts of BEST in your wallet (either on the Bitpanda investment platform or the Bitpanda Global Exchange)
  • Priority access to the upcoming Bitpanda Launchpad
  • Exclusive access to future products

Tip: Make yourself familiar with all the benefits of the Bitpanda Ecosystem Token (BEST).

Markets

The following BEST trading pairs will be available on the Bitpanda Global Exchange:

  • BEST/EUR
  • BEST/BTC
  • BEST/USDT

Tip: You qualify for a discount on trading fees on the applicable trading pairs, when using BEST to pay the fees.

BEST airdrop

Every verified Bitpanda user will be able to claim the BEST airdrop. Furthermore, users who hold PAN on Bitpanda will be able to claim an extra amount of BEST.

To summarise all the key information you have to know about the two BEST airdrops: 

  • The total BEST airdrop pool is 20 million BEST. 10 million for verified Bitpanda users, plus 10 million for users with at least 500 PAN in their Bitpanda wallet
  • Users must claim each of the two airdrops between 09.07.2019 and 12.08.2019 on the Bitpanda platform
  • First airdrop: 10 million BEST will be shared on the 13.08.2019 between every verified Bitpanda user (light and fully verified), who claimed the airdrop from 09.07.2019 to 12.08.2019
  • Second airdrop: 10 million BEST will be shared between every Bitpanda user on the 13.08.2019 with at least 500 PAN (unverified or verified) in their Bitpanda wallet and who claimed this airdrop. The more PAN a user holds, the higher their share among the 10 million BEST for PAN holders will be. Please note that in order to receive this airdrop, users have to hold at least 500 PAN in their Bitpanda wallet by 13.08.2019 from 1pm to 2pm (CET)
  • Both airdrops will be credited to eligible users on 13.08.2019, right after the snapshot. Please note that if you do not automatically receive the airdrop, there is nothing we can do about this, even when you contact us. A retrospective credit of the airdrops is not possible 
  • If you already have a Bitpanda account there is no need to create a new one in order to claim the airdrops. You will be able to claim both airdrops with your existing Bitpanda account through the Bitpanda Platform

You will also find this and more information about the two BEST airdrops in our Medium blog about everything you have to know about the two BEST airdrops.

Tip: Also check out our AMA session with Bitpanda CEO and co-founder Paul Klanschek. He answered the most pressing user questions about Bitpanda, our new Bitpanda Ecosystem Token (BEST) IEO and the upcoming Bitpanda Global Exchange.

Stay in the know

Keep in mind that we cannot speak about new features before they have been launched successfully or before we have publicly announced that we are planning to do so. Furthermore, we cannot comment on any rumours concerning such matters.

If you want to be the first to learn about upcoming events, you can join our Bitpanda Announcements Telegram group, or simply follow us on our social media channels:

Frequently asked questions

Find answers to all your questions in our BEST FAQ and also have a look at our latest press release about BEST.

Important considerations

As an educated investor we encourage you to read and understand our vision paper and its important considerations in its entirety before any potential investment.

For further details on the Bitpanda Ecosystem Token (BEST), please refer to our Terms and Conditions and our legal FAQ document for the BEST IEO.

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