Details of Bidpanda’s BEST token burn

Bitpanda has just completed the eleventh BEST burning: this time, Bitpanda has destroyed 1,828,046 BEST with a total value of €1,330,554. This destruction of BEST comes with a special surprise for Bitpanda’s community. Read on for all the details, explained by the co-founder and co-CEO, Paul Klanschek.

BEST (Bitpanda Ecosystem Token) has been well received on both Bitpanda and Bitpanda Pro since its launch in August 2019. Over the last two years, the adoption of BEST has grown steadily and Bitpanda’s plans to make BEST even more popular. better have run their course: that’s why Bitpanda has welcomed the long-awaited update, BEST 2.0 in late 2021.

Thanks to BEST 2.0, Bitpanda’s community can enjoy the new and improved Bitpanda Loyalty Program while Bitpanda works on upcoming features, rewards, and benefits.

Are you wondering what Bitpanda has prepared for you? Check out the Vision BEST 2.0 document and discover the improvements for Bitpanda’s community that Bitpanda has been working on.

Go to Bitpanda’s Official Website

The 11th destruction of BEST: all the details

Since Bitpanda’s previous destruction on March 3, Bitpanda has collected BEST, and today Bitpanda has destroyed 1,828,046 BEST, with a total value of €1,330,554. You can get all the details about Bitpanda’s 11th burn, including the destruction transaction, here . Find out how much BEST is still in circulation here in the “Maximum Total Supply” section.

With the introduction of the new BEST Stimulus Program, Bitpanda withdraws and destroys BEST in the amount of up to 25% of the trading fees collected by VIP-level BEST holders. This destruction process will be repeated every month until a maximum of 75% of the total supply of BEST (out of the 1 billion BEST originally issued) is eliminated.

Go to Bitpanda’s Official Website

Why Bitpanda destroys BEST monthly

Simple: To give more benefits to Bitpanda’s community. With each destruction of BEST, the total amount of BEST in existence decreases and fewer tokens remain in circulation. This process makes the remaining tokens more valuable, bringing greater benefits to Bitpanda’s BEST holders.

Go to Bitpanda’s Official Website

Have you already checked your BEST wallet?

Bitpanda has a surprise for you: a round of Instant Trade Bonus payouts is on the way! BEST holders who have agreed to the BEST 2.0 Terms and Conditions will be paid this Instant Trade Bonus starting today, so keep an eye on your wallet.

And that’s not all! For Bitpanda’s users who were already BEST VIP level 2 before the arrival of BEST 2.0, Bitpanda has another surprise: Do you remember the BEST merchandise that Bitpanda promised to Bitpanda’s BEST 1.0 VIP level 2 users (with participations of more than 50,000 BEST tokens)? Guess what, it’s on its way, so your shipment will soon be delivered to the address you have on file.

Go to Bitpanda’s Official Website