Bitpanda opens the gate to Web3 with Vision (VSN)

Kicking off Bitpanda's Web3 product suite is Vision (VSN), the utility and governance token at the heart of the ecosystem.

European crypto platform Bitpanda is opening the gate to Web3 with Vision (VSN), the utility and governance token that will serve as the core of its new ecosystem.

Vision: One token to connect it all

Kicking off Bitpanda’s Web3 product suite is Vision (VSN), the utility and governance token at the heart of the ecosystem. Launching on July 16, from a merge of Bitpanda’s two existing tokens, BEST and Pantos, it launches with deep, native integration across Bitpanda’s platform and upcoming Web3 products, unlocking real-world value and a clear path to mass adoption.

What users can do with VSN:

• Trade, manage and use assets onchain

• Save on trading fees and services

• Enter the Bitpanda ecosystem and collect benefits

• vote on proposals that impact the future of Bitpanda and Vision

• Stake VSN to earn interest and contribute to securing the network

• Get early access to new products, services and features

"Vision is the engine that will drive 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," said Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda.

The Bitpanda Web3 ecosystem

While many Web3 projects remain experimental, Bitpanda’s approach is grounded in real utility. 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. With nearly 7 million users, Bitpanda’s aim is to give everyone access in a compliant and secure way, without sacrificing on the user experience.

In addition to Vision (VSN), Bitpanda’s Web3 product suite contains the following components:

• Bitpanda DeFi Wallet: The consumer-grade entry point

An intuitive smart wallet providing everything users need to trade, earn, and manage assets onchain across major blockchain networks, all from a single, intuitive app. Designed for both crypto natives and newcomers, the wallet allows users to trade, earn, and manage assets with institutional-grade security. At launch, the wallet will support over 5,000 tokens across Ethereum, Solana, Polygon, BNB Chain, Avalanche, Optimism, Base, and Arbitrum.

• Vision Protocol: Frictionless, cross-chain trading

Vision Protocol is the underlying liquidity engine of the ecosystem. It aggregates top decentralised exchanges and bridges like 1inch, Jupiter, and Rango to deliver seamless swaps across chains – fully embedded into the Bitpanda DeFi Wallet.

• Vision Chain: Europe’s compliant Layer 2

A dedicated Ethereum Layer 2 network designed for tokenising real-world assets. Vision Chain serves as the compliant backbone for Europe’s onchain finance, bringing securities, commodities, and fiat onchain in one unified layer. Throughout 2024, Vision Chain will launch with several partners, enabling the tokenisation of a broad range of asset classes.

• Bitpanda Launchpad: Onramping innovation

A platform for launching curated, high-quality crypto projects. Bitpanda Launchpad ensures investor protection, project legitimacy, and fast-track access to promising teams and listing on Bitpanda and their partners. For investors, it provides early access to the cutting edge of DeFi innovation, creating a true win-win for builders and users alike.

"We are highly committed to build the onchain future in a compliant, secure and simple to use way. Just like Apple did with Smartphones. Therefore we have hired a strong team of Web3 industry experts – and this has just been the start for our ambitious plans," said Eric Demuth, Co-Founder and CEO at Bitpanda.

About Bitpanda

Founded in Vienna in 2014, Bitpanda is the leading European crypto platform. With a selection of more than 3,200 digital assets, including over 600 crypto assets and numerous stocks, ETFs, precious metals, and commodities, the Austrian fintech unicorn offers one of the most comprehensive ranges of digital assets available in Europe. Already trusted by over 6.5 million users and dozens of institutional partners, Bitpanda holds licences in several countries and has a proven track record of working with local regulators to keep assets safe and secure. This makes Bitpanda one of the safest and most strictly regulated trading platforms in the industry. In addition to its headquarters in Vienna, Bitpanda has offices in Amsterdam, Barcelona, Berlin, and Bucharest.