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Summary of Bitpanda Ecosystem Token (BEST)
- BEST is the loyalty programme for Bitpanda users, offering rewards and benefits.
- Issued in August 2019 through Europe’s most successful IEO, raising €43 million.
- 1 billion BEST tokens were created, with 500,000,000 offered during IEO and the remainder held by Bitpanda as company reserves.
- BEST is an ERC20 token on the Ethereum blockchain.
- IEO price started at €0.09 for public investors.
Introducing the Bitpanda Ecosystem Token: Empowering a New Era of Digital Assets
The Bitpanda Ecosystem Token, aptly abbreviated as BEST, serves as a gateway to a plethora of rewards and benefits for the burgeoning community of millions of Bitpanda users within the ecosystem. As the loyalty programme of Bitpanda, the token operates on a simple yet enticing premise: the more BEST tokens users hold, the greater the rewards they may be eligible to receive.
Notably, the Bitpanda Ecosystem Token (BEST) was launched by Bitpanda in August 2019, following a highly successful Initial Exchange Offering (IEO) that garnered an impressive €43 million in investments, a testament to Europe’s most triumphant IEO to date.
From a technological standpoint, BEST is minted on the Ethereum blockchain as an ERC20 token. A fixed supply of 1 billion BEST was created, with a hard cap that will never be increased. Of this total, 500,000,000 BEST was offered during the Initial Exchange Offering (IEO), while the remaining balance is held by Bitpanda as company reserves. The proceeds generated from this endeavour will be utilised to realise Bitpanda’s vision of democratising investments, driving further growth of the platform, and fuelling ambitious expansion plans.
Similarly to Bitpanda’s remarkable growth following its IEO, BEST has also experienced a significant surge. Initially priced at €0.09 for public investors, BEST has continued to gain traction as Bitpanda has introduced new features, making it increasingly appealing to a growing number of users.