Bitpanda held an IEO in 2019 and then raised 43.6 billion and issued the BEST token to users.
In the same step, Bitpanda also released the Bitpanda Global Exchange, which was later renamed Bitpanda Pro. And Bitpanda Pro is still my favorite place to buy Ethereum, XRP or IOTA because I am not aware of any exchange that charges even lower fees than Bitpanda Pro in conjunction with Best.
You can not only buy BEST, but also earn it, for example, by participating in the Bitpanda Academy. If you've done that in the last few months when the price was significantly lower, you can now sell them for about three times the money you received back then. If you don't want that, you can also "stake" your tokens and receive even more.
If you haven't taken the quiz yet, you can do it here: https://www.bitpanda.com
So far, BEST can be used for the following:
- 25% trading premium reduction fixed rate at € 0.12 (if price is smaller)
- Coin voting mechanism
- Lower deposit fees
The total supply of 1 billion BEST will halve over time over Tokenburns depending on how much BEST is used.
At the same time, users can now receive at least 6% rewards for their BEST on the Bitpanda Platform if they actively use Bitpanda. That means at least 1 € a month trades no matter whether crypto or precious metals. If you hold a certain amount of BEST or have a high trading volume, you get even more each month (up to 12% annually).
It is also important that your account is verified and you accept the terms and conditions. Unfortunately, only trades and balances on the broker currently count and not Bitpanda Pro.
I hope there will be many more features as announced, such as the announced launchpad or transaction fees in BEST.
Anyway Feel free to comment your opinion or of course ask questions.
This is not financial advice. Please do your own research.
My exchanges
Bitpanda: https://www.bitpanda.com
Huobi: https://www.huobi.com/en-us/
Binance: https://www.binance.com/de/register
Here you can also find out how you can earn 5 € with Bitpanda:
https://www.publish0x.com/crypto-and-more/earn-5-euros-with-bitpanda-academy-xvkdez
Here you will also find my article about the rewards that you can get for hodl BEST:
My Staking Coins:
