Bitpanda Launches Vision Token for 20% Fee Discount and 10% APY Staking

Bitpanda, a leading European crypto platform, has announced its foray into the Web3 ecosystem with the launch of its utility and governance token, Vision (VSN). Scheduled to go live on July 16, the VSN token will serve as the backbone of Bitpanda’s onchain infrastructure, connecting wallets, trading, cross-chain liquidity, and tokenized assets. This move is part of Bitpanda’s broader ambition to create a user-first, fully compliant Web3 ecosystem that is accessible to everyone.

The Vision (VSN) token will be integrated deeply into Bitpanda’s platform and upcoming Web3 products, offering users a range of benefits. These include a 20% fee discount on Bitpanda.com and Bitpanda’s DeFi Wallet, staking rewards of up to 10% APY, governance rights to vote on protocol changes, early access to vetted Web3 token launches through the Launchpad, and participation in exclusive token drops and reward programs. Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda, described Vision as the engine behind Bitpanda’s Web3 initiatives, comparing it to electricity in modern life, fueling the ecosystem and rewarding users for their engagement.

Bitpanda’s Web3 ecosystem is designed to be user-friendly and compliant, aiming to bring millions of people into the Web3 space. The ecosystem includes several components: the Bitpanda DeFi Wallet, Vision Protocol, Vision Chain, and Bitpanda Launchpad. The Bitpanda DeFi Wallet is an intuitive smart wallet that supports over 5,000 tokens across major blockchain networks, providing users with institutional-grade security. Vision Protocol acts as the liquidity engine, aggregating top decentralized exchanges and bridges for seamless cross-chain swaps. Vision Chain is a compliant Ethereum Layer 2 network designed for tokenizing real-world assets, serving as the backbone for Europe’s onchain finance. Bitpanda Launchpad is a platform for launching curated, high-quality crypto projects, ensuring investor protection and project legitimacy.

Eric Demuth, Co-Founder and CEO at Bitpanda, emphasized the company’s commitment to building a compliant, secure, and user-friendly onchain future. He highlighted the hiring of a strong team of Web3 industry experts as a significant step towards achieving their ambitious plans. Bitpanda, founded in 2014, is a leading European crypto platform with over 6.5 million users and a comprehensive range of digital assets. The company holds licenses in several countries and has a proven track record of working with local regulators to ensure the safety and security of assets, making it one of the safest and most strictly regulated trading platforms in the industry.