1. General
The following terms and conditions (“Terms”) govern the rules for participating in the promotion “Vision Premium Vesting“ (“Promotion”) of Bitpanda GmbH, with registered office in A-1020 Vienna, Stella-Klein-Löw-Weg 17 (“Bitpanda”) and the resulting legal relationship between Bitpanda and Bitpanda Clients participating in the Promotion (“Participant” as defined in Section 3 or “you”).
Please be advised, participating in the Promotion shall constitute your unconditional acceptance to be bound by any and all of the terms of these Terms. Bitpanda terms already agreed to, in particular Bitpanda User Agreement and E-Token Terms in their current versions apply.
Any language version is a referential translation of the original English version of these Terms. In the case of any discrepancy, the English version shall prevail.
By participating in the Promotion, you represent and warrant you meet the eligibility requirements below and acknowledge that failure to meet all eligibility requirements will result in your disqualification.
Disclaimer: Investing in crypto-assets comes with risks, including the risk of capital loss and cybersecurity. The value of crypto-assets is particularly volatile. Please refer to the risk information at https://www.bitpanda.com/en-at/legal/risk-disclosure before making any investment decisions. Digital asset services are provided by Bitpanda GmbH (FN569240v), authorised as a crypto-asset service provider. This marketing communication is issued by Bitpanda GmbH and does not constitute financial advice or an invitation to conclude a transaction. Conduct your own research before concluding a transaction.For more information, including details regarding your right of redemption, please refer to the whitepaper issued by the Vision Web3 Foundation, which can be found on the issuer's website [link]. The whitepaper contains important information that should be read carefully before making any decision. This communication does not constitute an offer or solicitation to purchase any asset.
2. Promotion Period
This Promotion begins on July 16, 2025, at 00:00 (CEST) and ends on JULY 30, 2026, at 00:00 (CEST) (“Promotion Period”).
3. Eligibility and Entry
Unless otherwise specified, entry is open to fully verified and registered Bitpanda Clients (“Participant”) who
(a) meet all the entry criteria described in these Terms,
(b) are not resident in a country or territory where the Promotion is not available*,
(c) agree to lock** at least EUR 50,000 or EUR 100,000 equivalent of Vision (VSN) (calculated at the time of conversion, meaning 529,661 VSN or 1,059,322 VSN respectively) before the go-live on July 16,
(d) stake it continuously for minimum 3, 6, 9, or 12 months, and
(e) accept these Terms.
The following natural or legal persons are not eligible to enter the Promotion:
(a) persons performing market-making services or any similar services as well as institutional customers;
(b) Bitpanda Technology Solution users;
(c) employees and the immediate family members of such employees of Bitpanda or its affiliated companies, parent companies, subsidiaries, participating promotional partners, advertising agencies, and any company involved in the creation, production, or fulfillment of the Promotion.
*Please note that - due to regulatory requirements - Bitpanda Promotions are not available to users in certain restricted jurisdictions (Bitpanda Clients with residence in Italy, in Turkey and in the UK). This communication is not intended for users/countries where restrictions apply.
**Any holdings outside the Bitpanda Broker and Bitpanda DeFi Wallet will not be taken into account and will not count towards bonus calculations.
4. Bonus, Winner Selection and Notification
After the Promotion Period has ended, all eligible Participants who have met the eligibility and entry criteria (as described above) will be awarded a bonus (“Bonus”) in Vision (VSN), distributed based on the duration of their staking commitment.Bonuses will be calculated as a percentage of the originally agreed and continuously staked VSN amount, according to the following schedule:
After 3 months of continuous staking: +7.5% in VSN
After 6 months of continuous staking: +7.5% in VSN
After 9 months of continuous staking: +7.5% in VSN
After 12 months of continuous staking: +7.5% in VSN
The total bonus pool is capped at 115 million Vision (VSN) and will be distributed to eligible participants based on their originally locked amount and staking duration. Rewards are only paid on the originally locked sum. Dropping below the originally locked sum will result in removal from the reward scheme.
No substitution or cash equivalent of the Bonus, or any portion thereof, is permitted. The value of crypto assets is subject to change, and there can be a substantial risk that it could lose value (potentially all value) as a result of buying, selling, or holding the Bonus.
Only Bitpanda Clients who (i) meet all the requirements described in section 3 and (ii) were not, for whatever reason, disqualified by Bitpanda in accordance with section 5 are eligible to be selected as Winners.
Bitpanda will strive to transfer the Bonuses to the respective Participants via a 14-day linear vesting mechanism, commencing at the end of each lock-up period. The expected vesting windows are as follows starting from July 16, 2025:
After 3 months: October 16, 2025 – October 30, 2025
After 6 months: January 16, 2026 – January 30, 2026
After 9 months: April 16, 2026 – April 30, 2026
After 12 months: July 16, 2026 – July 30, 2026
The transfer may be delayed and Bitpanda shall not be liable for any losses arising out of or in connection with a late transfer (e.g. losses due to price changes).
The Bonuses will be credited directly to the Participants’ respective Bitpanda wallet.
5. Disqualification
Bitpanda reserves the right to disqualify a Participant it suspects or finds (i) to have tampered with the entry process or the operation of the Promotion, (ii) to be acting in collusion with other Participants aimed at manipulating or disrupting the Promotion, (iii) to be acting in violation of these Terms, (iv) or in breach of any other applicable terms and conditions of Bitpanda, its subsidiaries, or (v) to have provided inaccurate information.
Disqualified Participants will not be entitled to become a Winner or win any other Bonus under this Promotion.
Any attempt by a Participant to deliberately undermine the legitimate operation of this Promotion is a violation of laws, and should such an attempt be made, Bitpanda reserves the right to seek damages from any such Bitpanda Client or individual.
Bitpanda is not responsible for the accuracy of the data you provide and may disqualify a participant if the email address of the Bitpanda Client is not valid.
6. Bitpanda’s liability
To the extent permitted by law, in no event shall Bitpanda be liable for any direct or indirect loss arising out of or in connection with the Promotion.
Bitpanda reserves the right, without any prior notice or compensation to you, to suspend, cancel, postpone or modify the Promotion, at any time, for any reason whatsoever. You do not have any legal claim against Bitpanda arising out of or in connection with this Promotion.
Bitpanda shall not be held liable for any technical errors, system interruptions, or delays that may affect the crediting of the Bonus to Participants.
7. Data protection and Taxes
All data processing at Bitpanda in relation to this Promotion is carried out on the basis of the contractual obligation and and legitimate interest in accordance with Article 6 Paragraph 1 Letters b and f of the General Data Protection Regulation 2016/679 (“GDPR”) for the purpose of establishing the legal relationship with the participant and for the subsequent implementation and processing of the Promotion.
For more information regarding your personal data, how, why and how long it is processed and which rights you have according to the GDPR, please click here: https://www.bitpanda.com/en/legal/bitpanda-group-privacy-notice.
Participants are solely responsible for any/all applicable taxes related to the Bonus. Potential Winners should consult a tax advisor to determine tax implications in accepting any Bonus.
8. Contact
For further questions regarding this, please contact support.