Vision (VSN)

Tokenomics & Utility

Vision began with 4.2 billion VSN. Its supply model allows new tokens to be created for staking rewards, so the initial amount is not a permanent maximum. A yearly issuance rate that began near 5% was reduced to about 2.5% after the May 2026 governance vote. Staking rewards come from this issuance model. People staking through the Vision Wallet receive sVSN, a token representing their share of its staking pool. (cdn.bitpanda.com)

The original allocation reflected the BEST and PAN migration. The foundation retained 445,077,483 VSN from the initial supply for purposes that include reserves, liquidity, grants, and promotions. Vision also uses periodic token burns, which permanently remove tokens. Burns and newly issued staking rewards work in opposite directions, so both matter when describing changes to supply. (cdn.bitpanda.com)

VSN has several practical roles. Holders can take part in governance, stake tokens, and use applicable benefits in Bitpanda products. For example, paying for eligible Bitpanda trading fees with unstaked VSN provides a 20% fee discount. On Vision Chain, the planned paymaster service would add another use: paying eligible network fees in VSN. Each benefit has its own product rules and availability. (support.bitpanda.com)

The Vision Chain design also links network activity to the foundation’s treasury. It calls for 10% of net sequencer revenue attributable to the foundation to fund on-chain VSN purchases. A sequencer is the part of a Layer 2 that orders and processes transactions. Tokens bought through this mechanism are intended for the treasury; they are separate from tokens removed through a burn. (cdn.bitpanda.com)