Bitpanda, the Austrian brokerage service, kicked off the first round of the Initial Exchange Offering for its BEST token. Additionally, tokens will be distributed to verified Bitpanda users, and holders of the PAN token, the other utility asset issued by the exchange last year.
In the first IEO session, the BEST token will be offered at a price of 0.09 euro. The launch is offering 200 million BEST, of which more than 71% were sold hours after the sale started.
Bitpanda already raised 10 million euro in a private placement and will continue to offer tokens in two more public rounds. The second round starts July 16 at a slightly h...