Bitpanda raises €10 million in private sale for its coin BEST and launches public sale - AMBCrypto
Connect with us

Bitpanda raises €10 million in private sale for its coin BEST and launches public sale

Biraajmaan Tamuly

Published

on

Bitpanda raises €10 million in private sale for its coin BEST and launches public sale
Source: Coin Traffic English

Vienna-based fintech Bitpanda has today launched the public sale of its own ecosystem token. BEST [Bitpanda Ecosystem Token] is the coin of the globally expanding investment platform, Bitpanda. It will play a vital part in the company’s growth and will increase customer loyalty even further. BEST will offer a wide range of benefits to 1 million Bitpanda users.

  1. BEST [Bitpanda Ecosystem Token] IEO public sale is live from July 9th 1 pm CET until August 6th 1 pm CET
  2. Up to 500 million out of 1 billion BEST are for sale
  3. BEST available for €0.09 per token during the first week of the public IEO
  4. 25% trading fee discount when paying fees with BEST [Q4 2019]
  5. Priority access to the upcoming Bitpanda Launchpad
  6. A simple investing process with every supported digital asset on the platform
  7. BEST trading starts on August 7th, 2019 as part of the launch of the Bitpanda Global Exchange

Bitpanda, the Viennese fintech with 1 million users and more than 120 employees, has today launched the Initial Exchange Offering [IEO] for the Bitpanda Ecosystem Token. BEST is the coin of the Bitpanda ecosystem and offers its users a wide range of benefits. For example, users will get a reduction of 25% on Bitpanda trading fees and gain priority access to the upcoming Bitpanda Launchpad, which will be available later and will allow the launch of third-party IEOs.
Prior to the start of the public sale, the company has successfully raised more than €10 million in its private sale [20% of the total amount for sale], which means that BEST is already the most successful central European IEO.
According to Eric Demuth, CEO, Bitopanda
“BEST is the fuel of the Bitpanda ecosystem, which means that the Bitpanda platform, the Bitpanda Global Exchange and future products, like the Bitpanda Launchpad, will make heavy use of incorporating BEST. It will play a vital role in Bitpanda’s global expansion and in making our vision of democratizing personal finance a reality.”
On August 7th, 2019, Bitpanda will also launch the Bitpanda Global Exchange, a digital asset exchange for experienced traders, professionals, and institutions. Bitpanda’s first global product will allow fiat-to-crypto as well as crypto-to-crypto trading and has been developed 100% in-house over the course of 2 years.
About Bitpanda
Bitpanda is a fintech based in Vienna, Austria founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. The company is a firm believer in the innovative power of cryptocurrencies, digitized assets and blockchain technology. Bitpanda’s mission is to tear down the barriers to investing and bring traditional financial products to the 21st century.
Today, Bitpanda has around 1 million users and more than 120 team members. With a PSD2 payment service provider license, state-of-the-art security and streamlined user experience, Bitpanda have grown into a popular trading platform for newbies and experts alike. Users can currently trade Bitcoin, Ethereum, gold and over 20 other digital assets.

Biraajmaan covers market trends of major cryptocurrencies. As a graduate in engineering, his interests lie in Blockchain technology. With over a year as a journalist, his articles focus on US and UK markets.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.