Exclusive Savings for Our Elite: Enjoy a 20% Discount on Trezor Items for Our Premium Members!
Bitpanda, a leading European digital asset platform, has announced a series of exciting benefits for its BEST VIP users. Let's delve into the world of BEST VIP levels, rewards, and perks.
The Birth of BEST: Bitpanda Ecosystem Token
Launched through an Initial Exchange Offering (IEO) in August 2019, BEST is the native token of Bitpanda. Created to provide users with additional value and preferential treatment on the platform, BEST has been a cornerstone of Bitpanda's ecosystem ever since.
BEST VIP Levels: A Stepping Stone to Exclusive Benefits
Bitpanda has introduced three BEST VIP levels, each offering a unique set of benefits. To reach BEST VIP Level 1, you need to hold a minimum of 5,000 BEST. As you progress, the required BEST holdings increase - 50,000 BEST for Level 2 and 500,000 BEST for Level 3.
BEST VIP Level 1: Participation, Rewards, and Discounts
BEST VIP Level 1 users can participate in BEST VIP votes, having a say in decisions on which digital assets Bitpanda adds next. They can also claim an additional +0.05% in BEST at the end of every month if they complete at least one trade per month. To sweeten the deal, Bitpanda is offering a 20% discount to its BEST VIPs on Trezor purchases.
BEST VIP Level 2: More Benefits, More BEST
BEST VIP Level 2 users, who hold a minimum of 50,000 BEST, qualify for additional benefits. They can increase their BEST holdings by up to 12.68% a year through BEST Rewards.
BEST VIP Level 3: The Cream of the Crop
BEST VIP Level 3 users, who hold a minimum of 500,000 BEST, enjoy even more benefits. More details about Level 3 benefits will be shared in future updates.
BEST Rewards: Monthly Incentives for Active Users
BEST Rewards are given to Bitpanda users who complete at least one trade in a month and actively claim their rewards. These rewards serve as a monthly incentive for users to stay active on the platform.
BEST Burning: A Decreasing Supply
To maintain the value of BEST, 25% of BEST received by Bitpanda through fee payments will be burned at the end of each quarter. Additionally, the total BEST supply will be decreased until 50% (500,000,000 BEST) of the total supply has been destroyed.
Bitpanda Card: Powered by Visa
The Bitpanda card, manufactured by Visa, offers special benefits when used by BEST VIPs, including cashback in BTC.
Minimum Value for BEST: Guaranteed and Growing
The minimum value for BEST used for trading premiums and fees increases over time by 10% each year in the first five years, starting in 2020. The guaranteed minimum value for BEST in 2021 is €0.132.
In conclusion, Bitpanda's BEST VIP programme offers a host of benefits for its users. From exclusive voting rights and rewards to discounts on Trezor purchases and cashback on the Bitpanda card, there's something for everyone. So, why not join the BEST VIP programme today and start reaping the rewards?
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