On 7th September 2020, VeChain Foundation, on its Twitter account, announced the availability of VET tokens on Bitpanda. VET token is a native token, used to settle smart contracts over the VeChain’s network. VeChain users can also use their token to make payments for transactions on decentralized applications on the VeChainThor blockchain.
One of Europe’s top fiat-to-crypto exchanges, Bitpanda, confirmed that its users can now purchase, sell and swap VETs. Bitpanda users can utilize VET token through a multitude of various payment methods. Moreover, Bitpanda promised to give its verified users 5000 EUR giveaways on VET.
How To Win Bitpanda’s GiveAways
Bitpanda’s giveaways start at 00:00 CEST on 8th September 2020. These giveaways end at 23:59 CEST on 14th September 2014. Participants have the opportunity to win two prices. One of the awards is the 3000 EUR worth of VET. The top ten participants with the highest amount of VET purchased will get this prize. Additionally, they will each get 300 EUR worth of VET.
The 2nd prize to be won is the 2000 EUR worth of VET. Ten BEST VIP level 1 and above participants, who trade any amount will win the second prize. These winners will be selected randomly, and each one will get 200 EUR worth of VET. However, the 2nd winners will not be part of the top ten chosen for the first prize.
Bitpanda will credit the winners the giveaways within one week in their wallets. The terms and conditions of getting the chance to win these prizes are here.
VeChain Foundation: Bitpanda Expanding
Bitpanda is a rebrand of Coinmal, launched in 2014. This cryptocurrency exchange relaunched in 2016 as a Bitcoin-to-fiat only exchange. However, it gradually grew into a fiat-to-crypto exchange. Bitpanda offers over 30 digital assets, and over the years; it is continually adding more trading of cryptocurrencies; for instance, in September 2018, Bitpanda added ERC-20 support.
In October 2018, Bitpanda integrated with IOTAHub. This crypto exchange, therefore, enables IOTA deposits and withdrawals. IOTA hub provides a friendly API, which solves a lot of the back end difficulties. It also connects user addresses to the main exchange wallet, takes care of seed management, and other issues.
Bitpanda integrating with VeChain Foundation is a significant partnership. That integration is a major partnership because VeChain’s objective is to connect blockchain technology to the real world. This foundation also provides a comprehensive governance structure and a powerful economic model.