VisionVSN

Bitpanda's ecosystem token, which replaced its two earlier tokens; used for fee discounts, staking and governance.

Rank #216Since July 2025

Price on 31 Oct 2026

C$0.0518 +3.7% since 31 Jul 2026 · 83.2% below its all-time high

The short version

Vision is the ecosystem token of the exchange Bitpanda, consolidating its earlier Bitpanda Ecosystem Token and Pantos; it is used for staking, governance and Bitpanda fee discounts. It is issued by the Vision Web3 Foundation in Switzerland. The Foundation is spending €2M on VSN buybacks from 1 Sep to 31 Dec 2026, and a Vision Chain layer 2 is planned for 2026. On 31 Oct 2026 one VSN cost C$0.0518. From 31 Jul 2026 to 31 Oct 2026 its price changed +3.7% in Canadian dollars, and it was 83.2% below its all-time high of C$0.3083 set on 11 Aug 2025.^[1]

Checked 31 Oct 2026 · 11 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$0.1525 (1 Nov 2025) · low C$0.0410 (7 Jun 2026) · -66.0%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.0519	US$0.0371
30 Sep 2026	C$0.0617	US$0.0433
31 Aug 2026	C$0.0559	US$0.0403
31 Jul 2026	C$0.0519	US$0.0370
30 Jun 2026	C$0.0449	US$0.0316
31 May 2026	C$0.0491	US$0.0356
30 Apr 2026	C$0.0635	US$0.0467
31 Mar 2026	C$0.0715	US$0.0514
28 Feb 2026	C$0.0857	US$0.0626
31 Jan 2026	C$0.0719	US$0.0533
31 Dec 2025	C$0.1166	US$0.0851
30 Nov 2025	C$0.1259	US$0.0898

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.0518^[1]
3-month change: +3.7% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 83.2% below its high of C$0.3083 (11 Aug 2025)^[1]
Market rank: #216, market value about C$198.2M^[1]
Kind: Token · Ethereum (ERC-20); also on Arbitrum
Started: July 2025

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?YesA single-key wallet and a bridge pool hold the minter role; no supply cap in code^{[2, 3]}

Can anyone freeze or take coins from holders?YesA single-key wallet holds the pauser role and can halt all transfers^{[2, 3]}

Can the token's contract code be changed?YesUpgradeable proxy contract on Ethereum^[4]

Is the supply capped?No4.2B stated, but no cap in code; minters can create more^{[5, 2]}

Any scheduled unlocks in the next 12 months?Not disclosedAbout 10% of supply not circulating; no schedule found^[5]

Does a team or foundation hold over 10% of supply?Not disclosedHolders of the non-circulating 10% are not disclosed^[5]

Do network fees reach coin holders?YesPart of ecosystem fees fund buybacks and burns; €2M buyback in Sep-Dec 2026^{[6, 7]}

Main network hacked or halted in the past 2 years?NoNo Vision exploit in the DefiLlama hacks list^[8]

Is a regulator or court case targeting the coin itself?NoNo regulator or court case found^[7]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Issuer: Vision Web3 Foundation, Switzerland^[6]
Linked company: Bitpanda, which raised about US$539M in equity in 2019-21 from Valar, Speedinvest and DST Global^[9]
Contract: Upgradeable proxy contract; about 60% of supply sits in one contract (GoPlus)^[4]
Admin keys: Single-key wallets hold the minter, pauser, upgrade and admin roles (checked 1 Nov 2026)^{[2, 3]}

Supply

In circulation: 3.83B VSN of a 4.20B maximum (91.2%)^[1]
Fully diluted value: 1.10 times its current market value^[1]
Maximum: 4.2 billion VSN stated; about 3.8B circulate (90%)^[5]
Remainder: About 400M not circulating; no schedule found^[5]

Use and fees

Main use: Staking, governance and Bitpanda fee discounts; Vision Chain for real-world assets planned for 2026^[6]
Buyback: €2M of VSN buybacks spread from 1 Sep to 31 Dec 2026^[7]
Fees: Part of ecosystem fees go to buybacks and burns; no token-level revenue figure^[6]

Trading

Daily trading: About C$2.9M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 1.28% of its market value changes hands each day^[1]
20-week average: 3.3% below its 20-week average price^[1]
1-year change: -66.0% in C$^[1]^[10]

History

Not a forecast

Coins ranked 201-500 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 8,067 cases, 1,187 coins

33% were higher a year later^[11]

Typical result: Median -38% after a year; 33% higher after two years
Lost half or more: 44% within a year
Against Bitcoin: 11% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

2 red flags found

Red flag: A single-key wallet and a bridge pool owned by another single-key wallet hold the minter role on the VSN contract, which has no supply cap (checked 1 Nov 2026).^{[2, 3]}
Red flag: A single-key wallet holds the pauser role and can halt all VSN transfers on Ethereum (checked 1 Nov 2026).^{[2, 3]}

CoinMarketCap's VSN news page also carries items about InterLink, an unrelated project.^[7]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.