Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice.
Bitpanda has announced plans to launch its native token, VSN, as the first product in its Web3 suite. The token will serve as the utility and governance token and power the Bitpanda ecosystem.
This token combines Bitpanda’s existing tokens, BEST, and Pantos. It will launch with deep, native integration across Bitpanda’s platform and upcoming Web3 products, unlocking real-world value and a clear path to mass adoption.
The token launch is also the first achievement on the journey towards building a user-first, fully compliant Web3 ecosystem, rooted in real utility and designed to make Web3 accessible for everyone.
Bitpanda plans to launch the token on 16 July. It will be used for many purposes, including a 20% fee discount on Bitpanda.com and Bitpanda’s DeFi Wallet, earning staking rewards up to 10% APY on staked VSN, governance, launchpad access, loyalty, and airdrops.
Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda, commented:
“Vision is the engine behind everything we’re building in Web3, like electricity is for many things in modern life. It fuels the ecosystem, connects our products, and rewards users for engaging with the tools we’re building. This includes fee savings and staking, as well as governance and loyalty, which turn into benefits for everyone in the Bitpanda ecosystem and beyond.”
The Bitpanda product suite
The Bitpanda Web3 ecosystem
The Bitpanda web3 ecosystem is grounded in real utility, so its new ecosystem is built for everyday users and will enable millions of people to enter Web3, designed to enable Web3 to reach the mainstream.
The ecosystem already has nearly 7 million users, and Bitpanda intends to provide them with a compliant and secure way to trade in crypto without sacrificing the user experience.
Bitpanda Wallet
This intuitive smart wallet provides everything users need to trade, earn, and manage assets on-chain across major blockchain networks, all from a single, intuitive app. The wallet is for all, whether they are experienced in crypto or they are newcomers, with institutional-grade security that will support over 5,000 tokens across different blockchains at launch.
Vision Protocol
This is the ecosystem’s underlying liquidity engine. It aggregates top decentralised exchanges and bridges like 1inch, Jupiter, and Rango to deliver seamless swaps across chains and is fully embedded in the Bitpanda DeFi Wallet.
Vision Chain
This is an Ethereum Layer 2 network designed for tokenizing real-world assets. It serves as the compliant backbone for Europe’s on-chain finance, bringing securities, commodities, and fiat on-chain in one unified layer.
Bitpanda Launchpad
Bitpanda created this platform to launch curated, high-quality crypto projects. It ensures protection, project legitimacy, fast-track access to promising teams, and listing on Bitpanda and its partners. It also gives early access to the cutting edge of DeFi innovation, creating a true win-win for builders and users alike.
