Introducing Vision (VSN): The Innovative User-Focused Token Network Standard
The Vision Token (VSN) has officially gone live, making its debut on major centralised exchanges such as Kraken, KuCoin, Gate.io, Bitpanda, MEXC, and decentralised platforms like Uniswap. This multi-functional asset marks a significant step forward in Bitpanda's mission to bridge traditional finance and decentralised finance (DeFi) in a compliant and user-friendly manner.
VSN consolidates the utility of Bitpanda's earlier tokens, BEST and Pantos, into a single asset. Holders of VSN can participate in governance decisions within the ecosystem, stake their tokens to earn rewards, and shape the future through quarterly votes. The token also offers up to 10% Annual Percentage Yield (APY) for staking, and provides access to early-stage projects via the Launchpad.
The Vision Token is designed as the unifying asset of the broader Web3 ecosystem, integrating governance, staking, loyalty, and real-world use cases. One of its key real-world use cases is the Vision Chain, a regulated Ethereum Layer 2 solution that facilitates the tokenization of real-world assets (RWA). This allows users to invest in and trade tokenized traditional assets in a decentralised manner, integrating mainstream finance into the Web3 ecosystem.
VSN is also integrated with Bitpanda’s DeFi Wallet, enabling users to manage their decentralised assets securely and interact seamlessly with DeFi protocols. The token also powers a cross-chain liquidity aggregator, Vision Protocol, which improves liquidity access and facilitates easier trading and movement of assets across different networks.
Bitpanda's Launchpad, a platform for curated token launches, also utilises VSN as its utility token, providing early access or benefits to VSN holders. The company has also extended VSN's ecosystem utility through partnerships, such as the collaboration with Paris Saint-Germain football club, to engage a global fanbase and expand Web3 adoption in entertainment and culture sectors.
Founded in Vienna in 2014, Bitpanda is the leading European crypto platform. The company holds licenses in several countries and has a proven track record of working with local regulators. The VISION Web3 Foundation, an independent organisation headquartered in Zug, Switzerland, supports the growth of a compliant, user-centric Web3 infrastructure. The Foundation is responsible for issuing and managing the Vision (VSN) token and its ecosystem, and reinvesting ecosystem value into innovation and rewards for active participation.
The Vision Web3 Foundation oversees token supply, liquidity, and protocol governance, and is supported by the Bitpanda Web3 Committee, a group of independent industry experts who advise on emission strategies, grant allocation, and ecosystem growth. Bitpanda offers a comprehensive range of over 3,200 digital assets, including more than 600 crypto assets.
In summary, the Vision Token (VSN) serves as a multi-functional asset powering Bitpanda’s regulated Web3 infrastructure, enabling asset tokenization, governance, staking, DeFi wallet operations, cross-chain liquidity, project launches, and various real-world partnerships, targeting both retail and institutional users across Europe and beyond.
[1] White Paper: Vision Token (VSN) by the VISION web3 Foundation. [2] Bitpanda Announces Strategic Merger of BEST and Pantos into the Vision Token (VSN). [3] Bitpanda Introduces the Vision Token (VSN) and Its Integrated Products. [4] Bitpanda Partners with Paris Saint-Germain and AC Milan for New Digital Experiences.
- The Vision Token (VSN), formerly consolidated from BEST and Pantos, is a multi-functional asset that provides access to governance decisions, staking rewards, and early-stage crypto projects on Bitpanda's Launchpad.
- VSN offers up to 10% Annual Percentage Yield (APY) for staking and integrates with Bitpanda’s DeFi wallet for secure management of decentralized assets.
- As a key component of Bitpanda’s Web3 ecosystem, VSN powers a cross-chain liquidity aggregator, Vision Protocol, for improved liquidity access and asset movement across networks.
- One of the real-world use cases of VSN is the Vision Chain, a regulated Ethereum Layer 2 solution that facilitates the tokenization of traditional assets, blurring the line between mainstream finance and the Web3 ecosystem.
- The Vision Token is designed to integrate governance, staking, loyalty, and real-world use cases within the broader Web3 ecosystem, and has partnerships extending its utility beyond finance into entertainment and culture sectors.
- The Vision Web3 Foundation, an independent organization responsible for issuing and managing the Vision (VSN) token, oversees token supply, liquidity, and protocol governance, ensuring a compliant and user-centric Web3 infrastructure.
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