Bitpanda Ecosystem Token update: BEST Live price, price chart, news and markets

Introducing BestChain: The Bitpanda Ecosystem Token

BestChain is the Bitpanda Ecosystem Token, also referred to as BEST, that brings a wide array of rewards and benefits to the ever-growing community of Bitpanda users. Serving as Bitpanda's loyalty program, possessing more BEST tokens grants users access to greater rewards.

BestChain was introduced by Bitpanda in August 2019 through a highly successful Initial Exchange Offering (IEO), which generated over €43 million in investments.

From a technological standpoint, BestChain is built on the Ethereum blockchain as an ERC20 token. A total of 1 billion BEST tokens were produced, with 500,000,000 BEST tokens offered during the IEO. Bitpanda holds the remaining tokens as company reserves. The funds raised from the IEO are utilized to fulfill Bitpanda's mission of democratizing investments, expanding the platform, and enabling future growth.

After the IEO, both Bitpanda and BestChain have witnessed substantial growth. The initial public offering price for BEST tokens was €0.09, and Bitpanda has consistently introduced new features to enhance the appeal of holding BEST for its expanding user base.