Launching July 16, Vision (VSN) Token Will Power Bitpanda's Onchain Infrastructure

The Vision (VSN) token, launching on July 16, will power Bitpanda's onchain infrastructure – connecting wallets, trading, cross-chain liquidity, and tokenized assets.

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.

The launch follows a beta of Bitpanda’s DeFi Wallet, announced in March and already used by over 500,000 people. The full version of the wallet, along with Vision Protocol and Vision Chain, will be unveiled in July. Together, they form the three core components of Bitpanda’s Web3 ecosystem.

Announced today, the token will provide several benefits for users of Bitpanda’s platform. These include:

• Save on fees: 20% fee discounts on Bitpanda.com and Bitpanda’s DeFi Wallet.

• Staking Rewards: Earn up to 10% APY on staked VSN.

• Governance: Vote on upgrades, reward rates, token emissions and protocol changes.

• Launchpad Access: Early entry into vetted Web3 token launches.

• Loyalty & Airdrops: Participate in exclusive token drops and reward programmes.

Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda, commented: “We are excited to launch Vision (VSN), the heart of our new Web3 ecosystem. It marks the culmination of several years of development and brings together the best aspects of Bitpanda’s existing products and services.”

“At Bitpanda, we are focused on making Web3 accessible and enjoyable for everyone. We believe that blockchain technology has the potential to revolutionise the way we live and interact with the world around us, but only if it is inclusive and user-friendly.”

“Our aim is to empower people to take control of their finances and online identities, and we are committed to working with regulators to ensure that Web3 is developed in a responsible and sustainable manner.”

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.

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.

Eric Demuth, Co-Founder and CEO at Bitpanda, added: “We are excited to be launching Vision (VSN) and the next stage of Bitpanda’s journey. Over the past nine years, Bitpanda has grown into Europe’s leading crypto platform, providing seamless access to a wide variety of financial instruments.”

“In that time, we have seen firsthand the growing demand for user-friendly and accessible Web3 products and services. With the launch of our new ecosystem, we are proud to be offering exactly that.”

About Bitpanda

Founded in Vienna in 2014, Bitpanda is Europe’s leading 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