What Is Vision (VSN) and How Does It Work?
Vision (VSN) is the unified Web3 token of the Bitpanda ecosystem, created by merging Bitpanda’s prior tokens BEST and Pantos (PAN). As the single token for the platform, VSN simplifies the ecosystem’s token architecture and becomes the core utility and governance asset powering Bitpanda’s DeFi Wallet, cross-chain infrastructure, launchpad, and
Layer-2 vision stack.
VSN is designed to serve multiple roles: holders can stake VSN to earn rewards with target yields up to ~10% APY, vote on protocol parameters via on-chain governance, enjoy fee discounts across Bitpanda’s platforms, and access curated token launches via the launchpad. Meanwhile, a portion of transaction fees, e.g. from Vision Protocol, and platform revenues are recycled into ecosystem mechanisms like buybacks, burns, or reward pools to align incentives for long-term participants.
Underpinning its utility, Vision uses an architecture called Vision Protocol, which acts as a liquidity routing engine across chains and protocols to find optimal trade paths, bridging fragmented DeFi liquidity. It also forms the backbone for a compliant, Europe-focused Layer-2 network (Vision Chain) for
tokenizing real-world assets, linking Bitpanda’s regulated environment with broader DeFi. Through these intertwined layers, VSN is the connective tissue of the entire Bitpanda Web3 stack.
When Did Vision Token Launch?
Bitpanda officially launched Vision (VSN) on July 16, 2025, consolidating its legacy tokens BEST and Pantos (PAN) into one unified utility and governance token. The merge process opened on July 9, 2025, with trading of BEST & PAN being disabled on the same day as launch, and VSN trading commencing at 14:00 CEST. While Bitpanda initiated the project, governance and future direction of VSN are overseen by the Vision Web3 Foundation, with input from a Web3 advisory committee.
Vision Token Roadmap and Key Milestones
- July 9, 2025 – Merge window opens for conversion of BEST & PAN to VSN
- July 16, 2025 – BEST & PAN trading disabled (10:00 CEST)
- July 16, 2025 – VSN trading begins (14:00 CEST)
- August 2025 – Deployment of Vision Protocol, the cross-chain liquidity & routing engine
- Launch / expansion of Bitpanda DeFi Wallet (supporting multichain tokens)
- Development of Vision Chain, an Ethereum L2 focused on tokenizing real-world assets with compliance & custody features
- Strategic partnerships, e.g. PSG Labs, AC Milan, to drive consumer & cultural adoption of VSN
- Ongoing governance votes, emission / burn parameter adjustments, ecosystem expansion (Q4 2025 onward)
What Are the Key Use Cases of VSN Token?
The Vision (VSN) token serves as the backbone of Bitpanda’s Web3 ecosystem, offering versatile use cases that extend beyond trading, from governance and staking to rewards, fee discounts, and cross-chain functionality.
• Staking & Earning Rewards: Holders can stake VSN in a non-custodial manner and receive emission-based yields (target up to ~10 % APY) as part of the protocol’s incentive structure.
• Governance & Voting Rights: VSN holders have on-chain governance power — voting on parameters like emission rates, reward pools, burn policies, and future protocol upgrades.
• Fee Discounts & Payments in Ecosystem: Users can use VSN to pay fees within the Bitpanda ecosystem (Broker, DeFi Wallet, Vision Protocol) at discounted rates, e.g. 20 % discount.
• Loyalty, Rewards & Airdrops / Launchpad Access: VSN unlocks loyalty tiers, exclusive rewards, airdrops, mission rewards in the app, and access to new token launches via the platform’s Launchpad.
• Burns / Value Capture / Treasury Support: A share of platform fees and ecosystem revenues are allocated for periodic VSN burns, buybacks, or funding of the treasury and ecosystem development. For example, the first burn of 40 million VSN was recently executed.
• Cross-chain & Infrastructure Utility: VSN supports cross-chain liquidity routing via Vision Protocol, acts as gas/payment token across chains, and underpins the planned Vision Chain, a Layer 2 for tokenized real-world assets.
To trade VSN on
BingX Spot, first deposit supported tokens into your BingX account, then navigate to the VSN trading pair
VSN/USDT under the spot market section. Next, place a
market or limit order to buy or sell VSN ; once matched, the tokens will reflect in your spot wallet immediately.
What Is Vision Tokenomics?
The total fixed initial supply of Vision (VSN) is 4,200,000,000 tokens, minted as an ERC-20 token.
- Public Circulation: 65% (≈ 2.72 billion VSN) — available for trading, staking, and ecosystem participation.
- Treasury Reserve: 20% (≈ 0.84 billion VSN) — supports long-term project development, liquidity, and strategic initiatives.
- Ecosystem Grants & Commercial Activities: 10% (≈ 0.42 billion VSN) — allocated to partnerships, marketing, and community incentives.
- Liquidity Provision: 5% (≈ 0.21 billion VSN) — ensures sufficient trading liquidity across centralized and decentralized exchanges.
How Do BEST and PAN Token Holders Migrate to VSN?
BEST and PAN holders can migrate to Vision (VSN) through Bitpanda’s official swap interface, which opened on July 9, 2025. The migration allows users to convert their old tokens directly within their Bitpanda accounts or through supported on-chain options. The process is automatic for assets held on Bitpanda, with the platform handling conversion and token distribution on behalf of users. Once converted, the old tokens BEST and PAN are permanently burned, ensuring a clean transition to the new unified VSN ecosystem.
The conversion rates are fixed at 1 BEST = 4.91 VSN and 1 PAN = 0.89 VSN, reflecting each token’s value and supply at the time of merger. Users holding tokens externally can follow the detailed on-chain migration instructions via the official Vision and Bitpanda Web3 portals. After migration, all future staking rewards, governance rights, and ecosystem benefits are tied exclusively to VSN, marking the full integration of Bitpanda’s token economy under a single, interoperable standard.
What Blockchain Network Does Vision Operate on?
Vision (VSN) operates primarily as an ERC-20 token on the
Ethereum blockchain, ensuring compatibility with
major DeFi protocols, wallets, and exchanges. It also integrates with Vision Protocol, Bitpanda’s cross-chain liquidity routing system, which enables seamless interoperability across multiple networks. In the future, Vision will expand onto Vision Chain, a planned Ethereum Layer-2 solution designed for regulated real-world asset (RWA) tokenization and low-cost transactions within Bitpanda’s Web3 ecosystem.
How to Store VSN Tokens Securely
The most convenient and secure way to store your VSN tokens is directly on BingX. When you trade or buy VSN on the BingX Spot Market, your tokens are automatically held in your BingX Spot Wallet, protected by advanced security measures including multi-signature cold storage, real-time monitoring, and withdrawal verification. This option offers simplicity, as you can instantly access, trade, or transfer your VSN holdings anytime without managing private keys manually.
Alternatively, you can store VSN in any
Ethereum-compatible wallet that supports ERC-20 tokens. Popular choices include
MetaMask,
Trust Wallet, and Bitpanda
Web3 Wallet, all of which let you manage your private keys and interact with DeFi applications. For long-term security, consider transferring your tokens to a
hardware wallet like
Ledger or
Trezor, which keeps your VSN offline and safe from phishing or hacking attempts. Always verify official contract addresses before making any transfers.
Is Vision (VSN) a Good Investment?
Whether Vision (VSN) is a “good investment” depends heavily on your risk tolerance, time horizon, and belief in its underlying project strengths and adoption potential. On the upside, VSN benefits from having a clear utility roadmap, including staking, governance, fee discounts, cross-chain liquidity via Vision Protocol, and institutional backing through Bitpanda’s Web3 ambitions. On the downside, as a relatively new token it faces execution risk, market volatility, competitive pressures in the DeFi / interoperability space, and uncertainty around regulatory developments.