Vision

Vision (VSN) is the native token of the Bitpanda Web3 ecosystem, a platform designed to make decentralised finance accessible to everyday users, particularly in Europe. It functions as the central utility token across Bitpanda's DeFi wallet, a Layer 2 network called Vision Chain, a token launchpad, and an interoperability protocol. The project claims to address the complexity and fragmentation of Web3 by unifying those services under a single, compliance-oriented ecosystem.

VSN lives within the Arbitrum and Ethereum ecosystems, placing it on Ethereum-compatible infrastructure without operating its own standalone consensus mechanism — the consensus algorithm and block time fields in the data are not populated. Inside the ecosystem, the token is intended to provide staking rewards, fee discounts, governance rights, and early access to token launches. The project description states that a share of fees generated across the ecosystem is directed toward token buybacks, burns, and user rewards.

The project describes a fee-recycling model in which a portion of fees generated across Bitpanda's Web3 services is used for buybacks, burns, and rewards, though no specific fee figures are stored in this dataset. Approximately 89.29 percent of the maximum supply of 4,200,000,000 VSN is already in circulation at this point in time, leaving a dilution overhang of roughly 12.00 percent — meaning about 12 percent of the maximum supply has yet to enter circulation. The ratio of fully diluted valuation to current market capitalisation is 1.12 at this point in time, reflecting that remaining overhang. No granular fee revenue or protocol earnings data are held here, so fee-based performance measures cannot be calculated for this asset.