What is Bitpanda Ecosystem Token?
Bitpanda Ecosystem Token (BEST) is a loyalty token designed to provide a range of rewards and benefits within the Bitpanda ecosystem. BEST is built on the Ethereum blockchain as an ERC20 token, with a total of 1 billion BEST tokens created. The token was launched in August 2019 through an Initial Exchange Offering (IEO), which raised over €43 million. BEST seeks to democratize investments and fuel the growth and expansion of the Bitpanda platform. The more BEST tokens users hold, the more rewards they may be eligible for.
How does Bitpanda Ecosystem Token work?
BEST operates as a loyalty token within the Bitpanda ecosystem. Users who hold BEST tokens can access a variety of rewards and benefits. The token is built on the Ethereum blockchain, which ensures its security and transparency. The number of BEST tokens a user holds can influence the rewards they are eligible for, encouraging users to accumulate and hold onto their tokens. The funds raised from the Initial Exchange Offering (IEO) of BEST aim to further the growth of the Bitpanda platform and its vision of democratizing investments.
What are the potential use cases for Bitpanda Ecosystem Token?
BEST serves as a loyalty token within the Bitpanda ecosystem, providing a range of rewards and benefits to its holders. These benefits can include weekly rewards, instant trade bonuses, increased staking rewards, token giveaways, and premium customer support, among others. The token also plays a role in Bitpanda's expansion plans, with the funds raised from the IEO aiming to grow the platform and democratize investments. BEST holders can also participate in the Bitpanda Loyalty Programme, which provides additional benefits and perks.
What is the history of Bitpanda Ecosystem Token?
BEST was launched in August 2019 through an Initial Exchange Offering (IEO), which raised over €43 million. The token was created on the Ethereum blockchain as an ERC20 token, with a total of 1 billion BEST tokens minted. The funds raised from the IEO have been used to further Bitpanda's vision of democratizing investments and to fuel the platform's growth and expansion. Since its launch, BEST has developed alongside Bitpanda, with the token's market cap aiming to reach over €1 billion.