From setup to measurable impact

For this month’s Q&A, the main theme from the community was clear: when does Vision move from roadmap, positioning and announcements into measurable usage, revenue and token impact?

The foundation is in place: Vision Wallet, Vision Protocol, governance, the Optimism partnership for Vision Chain, and the first mechanics that connect VSN more directly to product usage. The next step is turning that foundation into activity, revenue and stronger token utility.

Below are the main questions and answers.

1. Revenue drivers and the next Wallet feature

Question:In Blog #7, it was stated that the Wallet must generate revenue across different market phases, even when the market is difficult. The recent teaser also showed a YES/NO interface in a live-viewing setting. Will the upcoming lead feature be an event-driven product where users interact based on real-world outcomes, and is VSN integrated into this loop as more than just a fee-burn mechanism?

Answer: Yes. The upcoming Wallet feature is built to create paid user activity across market conditions.

It is designed around user interaction, repeat usage and fee generation, not just market sentiment.

We are not revealing the full mechanic yet, but the direction is clear: users interact with the product, that activity creates fees, and those fees can later flow into the VSN economy.

The recent teaser points toward a more interactive direction for the Wallet, but we are not confirming the exact product mechanic yet. What matters is the principle: the Wallet needs features that can create repeat usage and fees across market cycles.

2. Lessons learned from previous releases

Question: Which feature did you internally view as a major highlight for the price that ended up having little impact, and what did you learn for upcoming releases?

Answer: One key learning is that utility has to meet users where they are.

Many VSN holders are long-term users, not DeFi-native power users. They want clear, understandable benefits, and that is completely fair.

At the same time, utility cannot just mean passive rewards for holding. That does not create a healthier token economy on its own. The stronger model is utility connected to usage, fees, retention and product value.

That is now our filter for new releases. A feature needs to create usage, generate fees, make VSN staking more valuable, or improve retention. Ideally, it does several of these at once.

3. Mathematical impact and price

Question: Do you have more features in the pipeline that deliver a real, mathematical impact on price, not just narrative? Why are you confident this time?

Answer: No serious team can guarantee price impact from a single feature.

What we can build are mechanics that create measurable pressure in the right direction: more fees, more VSN staked, more Wallet usage and more reasons to hold Vision.

The flywheel can create price impact, but it will not spin without usage.

The point is not to hope that the market rewards a narrative. The point is to build mechanics where usage creates economic effects that can be measured.

4. VSN utility and the staking multiplier

Question: Will the new staking multiplier be integrated into the upcoming lead feature to turn VSN from a passive holding token into an active tool for better conditions?

Answer: The VSN staking multiplier is the core Wallet loyalty mechanic.

The principle is simple: the more VSN you stake in the Wallet, the more value you should be able to get from the ecosystem.

That can mean better campaign rewards, boosted yields, improved conditions, or access to stronger benefits in future features.

There is an upcoming feature where this logic is integrated from launch. It may not be the exact feature some users are currently guessing, but the direction is clear: VSN staking should actively improve the product experience.

5. Direct token integration vs indirect benefits

Question: Will VSN play a primary, native role within the upcoming Wallet architecture, for example as collateral or the main interaction asset, or will new features mainly use traditional currencies or stablecoins while VSN only benefits indirectly through multipliers or buybacks?

Answer: VSN does not need to be forced into every action as the payment or transaction asset to be valuable.

In many cases, that would make the product worse for mainstream users. The better model is to make VSN structurally important across the Wallet.

That means staking VSN improves what users get: better conditions, stronger rewards, higher boosts, better campaign outcomes, or access to specific benefits.

For the user, the product stays simple. For the ecosystem, VSN becomes more deeply integrated.

6. VIP levels and holder benefits

Question: What do you think about introducing specific VIP levels in the Wallet based on VSN holdings, for example extra perks at thresholds like 50k or 100k VSN, on top of the current multiplier? Could this motivate holders more?

Answer: We understand why fixed VIP levels sound attractive. They are easy to explain and users immediately know where they stand.

For the Wallet, we currently believe a continuous multiplier model is the better approach.

Fixed tiers often create dead zones. If a user reaches one level, there may be little reason to stake more until they are close to the next threshold. A stepless model avoids that. Every additional VSN staked can improve the user’s position instead of only mattering at predefined levels.

The issue is not the model itself. The issue is that it needs to be explained and displayed much better inside the product.

Users should clearly see their current multiplier, what it gives them, and how staking more VSN improves their benefits. Once that is visible and easy to understand, the continuous model becomes much more powerful than fixed tiers.

7. Why do simple VSN benefits take time?

Question: Why do relatively simple features like VSN fee discounts in the Wallet or on Fusion take so long to implement? These seem like quick wins that could boost adoption. Is there a timeline for 2026?

Answer:They only look simple from the outside.

In the Vision Wallet, swaps are routed through Vision Protocol, which works with multiple external swap providers. Each provider has its own setup, fee logic, supported assets, technical requirements and settlement flows.

On top of that, the Wallet is self-custodial. From a legal and product perspective, we are not simply “charging a fee” in the same way a centralised platform would. We provide access to external services through the Wallet. The external provider charges the fee, and a share of that can then be passed back to the ecosystem.

Fees can also be paid in different currencies depending on the route, provider and transaction. If we introduce VSN-based fee benefits or discounts, all of that has to be accounted for properly across different providers, assets and flows.

Fee benefits are a relevant area for VSN utility, and we see the same opportunity the community sees. But this is not a quick UI switch. It needs to be designed cleanly across protocol, provider, legal, accounting and user experience layers.

The goal is still to bring more VSN utility into fees and Wallet economics, but in a way that works at scale.

8. Plans for app.vision.now

Question: What are the plans for the dApp app.vision.now? Could Auto-Burn be a small but helpful feature to increase deflation? Governance through the dApp? What is coming next for it?

Answer:app.vision.now remains part of the ecosystem, but it is not the highest priority right now.

Auto-Burn is a nice idea and still something we would like to do. The same goes for a more complete Vision Protocol frontend, closer to a dedicated interface for swaps and routing. Both make sense conceptually.

But prioritisation matters. The number of users interacting with the dApp today is much smaller than the number of users on the Vision Wallet and Bitpanda. So when the team has to choose what to build first, the highest-impact work currently sits inside the Wallet, Vision Protocol and Vision Chain.

Governance will also stay on Snapshot for now. A deeper integration into app.vision.now is feasible in the future, but it is not urgent compared to improving the main user flows.

So yes, there are ideas for the dApp, including Auto-Burn and a Vision Protocol interface. But for now, we are prioritising the areas that can reach the most users and create the strongest impact.

9. The Wallet as sandbox vs core platform

Question: If the Wallet is a sandbox for Web3 products, what happens if a product inside it becomes highly successful? Is there a risk it gets migrated to the main Bitpanda platform and loses its VSN utility?

Answer: The Vision Wallet is not just a temporary sandbox. It is the Web3 product layer of the ecosystem.

It allows us to launch products that may not fit directly into the Bitpanda broker environment yet, either for technical, structural or regulatory reasons.

If a Wallet product becomes successful, that should strengthen its connection to VSN, not weaken it. Even if certain products later connect more closely with Bitpanda, Vision utility should remain part of the model where it makes sense.

There will also always be things that can only be done inside the Wallet. Self-custody, onchain interaction, more Web3-native product mechanics and certain ecosystem features simply do not belong in the same environment as a mainstream broker app.

The goal is not to move successful products away from Vision. The goal is to let the ecosystem grow around them, with the Wallet remaining the main place for native Web3 functionality.

10. Launchpad and future launches

Question: What exactly will be launched at the Launchpad? Will it happen in 2026?

Answer: The Launchpad becomes most relevant once Vision Chain is live and there are assets or projects ready to launch into a functioning ecosystem.

For crypto-native projects, timing and market sentiment matter a lot. For tokenised assets and RWA products, the equation is different. These are driven more by structure, regulation, distribution and demand.

That is where the Launchpad can become a serious product layer rather than just another token launch tool.

11. External burns from partners

Question: When will we see the first burn generated by actual external partner revenues, for example from RWAs or banks?

Answer: External partner revenue will mainly come through Vision Chain activity.

Once Vision Chain is live, partner transactions will generate sequencer revenue. A share of that revenue will flow into VSN automatically, transparently and consistently. That means the mechanism starts as soon as the first partner transaction creates eligible chain revenue.

Whether the VSN acquired through that mechanism is then burned, paid out as additional staking rewards, or used for another ecosystem purpose will be decided through governance.

So the sequence is clear: partner usage creates chain revenue, chain revenue flows into VSN, and the community decides what happens with the VSN acquired from the market.

12. Bitpanda Enterprise and VSN

Question: Bitpanda is increasingly building crypto infrastructure with partners like IG Europe, banks and financial platforms. Which products are supposed to run via Vision Chain in the future, what fees will be generated, and how do these fees flow back into the VSN ecosystem?

Answer: Bitpanda is building more infrastructure for banks, brokers and financial platforms, and that is important for the company overall.

But we should be precise: not every Bitpanda Enterprise deal automatically has something to do with Vision Chain or VSN.

The clear connection is this: everything built on Vision Chain will automatically connect back into the VSN economy.

Onchain products from Bitpanda Enterprise, such as tokenisation products, borrowing and lending setups, or other financial products that use Vision Chain, will generate chain activity. That activity creates sequencer revenue. A share of that revenue will flow into VSN.

13. Vision Chain status, launch and institutional partners

Question: Where does Vision Chain stand? Are concrete projects already building on it, or is it still mostly infrastructure being laid down? Is it actually building, or are we still in announcement mode? Is 2026 the launch date, and do you already have institutional players on board?

Answer: Yes, we are actively building.

The technical foundation has been established through Optimism and the OP Stack, and the work now is about turning that foundation into a real ecosystem: infrastructure, assets, partners, developer onboarding and use cases.

Yes, we are still looking at a 2026 launch.

We already have a clear launch use case for the Bitpanda Broker in mind, and we have multiple workstreams running with major European financial institutions. These cover areas such as tokenised precious metals, money market funds, stocks, bonds and debt products.

At the same time, we are actively engaging with regulators, industry experts and leading organisations to help shape where the European tokenisation landscape is moving.

Vision Chain is not about launching an empty network and hoping people show up. It is about building the infrastructure for tokenisation in Europe, connected to Bitpanda, Bitpanda Enterprise, the Wallet, builders and institutional partners.

Institutional products do not move at crypto-native speed. They require legal structuring, approvals, compliance work, product design and distribution planning. That takes time, but it is also exactly where Bitpanda has an advantage.

14. Public metrics for Vision Chain

Question: With Vision Chain live since March, can you share onchain metrics, active addresses, transaction volume or number of institutional partners onboarded? How do we measure real traction?

Answer: Vision Chain is not live.

So public chain metrics like active addresses, transaction volume or institutional onchain volume would not tell a real story yet.

Once the chain is live and real activity starts flowing through it, those metrics will matter. We want to measure traction through usage, revenue, institutional volume, active wallets and ecosystem activity.

15. More Vision advertising

Question: Is more Vision advertising planned?

Answer: Yes, more Vision marketing is planned, but it needs to be tied to real product moments.

A token is different from a typical consumer product. Its long-term value is not created by awareness alone, but by the usage of the products and infrastructure around it.

That is why the focus will be on promoting the things users can actually interact with: Wallet features, products on Vision Chain and so on.

Crypto is still a specialised market, and marketing it requires more precision than broad consumer advertising. The goal is not just visibility. The goal is to bring the right users into the ecosystem when there is something meaningful for them to do.

Attention matters most when it converts into activity.

16. Feature voting and governance

Question: What do you think about an onchain feature voting system where users vote for features and suggest ideas? Once a feature reaches high voting power, it becomes discussable. Could this better show what the community really wants?

Answer: Structured feature voting makes sense.

The key word is structured.

Community input is valuable, but product strategy cannot become a popularity contest. The right model is a system where the community can suggest ideas, signal demand and push relevant topics into discussion.

Together with the Web3 Committee and community representative Lukas Kurzmann, we are working on a broader governance framework that can support this properly.

17. Roadmap transparency

Question: When will we get a clear roadmap and details of what exactly is being worked on? And if you are not allowed to share it, why?

Answer: We will share more direction and more context.

Some details cannot be shared too early because they involve partners, legal reviews, app store approvals, audits or market-sensitive information.

But we can do a better job of explaining what areas we are working on, why they matter, what problem they solve and what needs to happen before launch.

The goal is not vague “soon” communication. The goal is useful transparency.

18. Increased burns

Question: Now that emissions have been scaled back, would an increased burn be possible?

Answer: Increased burns are possible if the economics support them and if the community supports that direction through governance.

Additional burns will come from collected fees, buybacks, or other ecosystem revenues.

What matters is that burns are funded by real activity, not by weakening the resources needed to build the ecosystem.

Final thought

That’s it for the May Q&A.

June is shaping up to be an important month, with more product updates and clearer next steps ahead.

Thanks for the questions, the feedback and for staying engaged.

Disclaimer

This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The issuer and the offeror of the crypto-asset are responsible for the content of this crypto-asset marketing communication. Crypto-assets are volatile and carry a risk of total loss. 

Vision Chain is an Ethereum Layer 2 rollup blockchain built using the Optimism OP Stack. The Vision Chain and the Vision Token (VSN) are issued by the Vision Web3 Foundation which is an independent and unregulated Swiss Foundation. Use of the Vision Chain may be subject to your local laws and regulations. Not an offer or solicitation to acquire VSN. 

For full details on VSN, see the official white paper under: https://www.bitpanda.com/en/legal/vsn-white-paper