BEST is the Bitpanda Ecosystem Token, which provides rewards and benefits to the growing community of Bitpanda users. It serves as Bitpanda's loyalty programme, where holding more BEST entitles users to receive more rewards. The token was issued in August 2019 through a successful Initial Exchange Offering (IEO), raising over €43 million. BEST is an ERC20 token issued on the Ethereum blockchain, with a total supply of 1 billion tokens. During the IEO, 500,000,000 BEST tokens were offered, while the remaining tokens are held by Bitpanda as company reserves. The funds raised are used to support Bitpanda's vision of democratizing investments, expanding the platform, and fueling future growth. As Bitpanda continues to develop new features, holding BEST becomes increasingly attractive for its users.