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Vision Network whitepaper

Vision Network: Web3 Compliant Infrastructure & Tokenized Assets

The Vision Network whitepaper was written and published by the Vision Network Foundation at the end of 2024, aiming to address current pain points in decentralized AI applications regarding scalability, interoperability, and data privacy.


The theme of the Vision Network whitepaper is “Vision Network: Next-Generation Infrastructure Empowering Decentralized AI Applications.” What makes Vision Network unique is its proposal of a new consensus mechanism optimized specifically for AI model training and inference, and its use of a modular architecture to enable cross-chain AI service integration; the significance of Vision Network lies in laying the foundation for a decentralized AI ecosystem and significantly lowering the barriers for AI developers to deploy and monetize models on the blockchain.


The original intention of Vision Network is to build a secure, scalable, and transparent blockchain environment to support the development and deployment of artificial intelligence. The core viewpoint articulated in the Vision Network whitepaper is: by integrating consensus algorithms designed for AI and robust cross-chain communication protocols, Vision Network aims to strike a balance between decentralization, scalability, and security, ushering in a new era of verifiable and inclusive AI services.

Interested researchers can access the original Vision Network whitepaper. Vision Network whitepaper link: https://www.vision-network.io/wp-content/uploads/2020/07/Vision-Network-Litepaper.pdf

Vision Network whitepaper summary

Author: Olivia Mercer
Last updated: 2025-12-01 08:45
The following is a summary of the Vision Network whitepaper, expressed in simple terms to help you quickly understand the Vision Network whitepaper and gain a clearer understanding of Vision Network.

What is Vision (VSN)

Friends, imagine we’re living in a digital world where many traditional assets—like real estate, stocks, or even your favorite artwork—want to move onto the blockchain, this “digital ledger,” to become easier to trade and more transparent. But there’s a big problem: the traditional financial world and the blockchain world are separated by a high wall, making communication difficult and regulatory rules very different. The Vision (VSN) project acts as a bridge, aiming to connect these two worlds, allowing traditional financial assets to enter the blockchain in a compliant and secure way, while enabling blockchain technology to better serve everyday users and institutions.

Simply put, Vision (VSN) is a multifunctional digital asset managed by an independent organization called the VISION Web3 Foundation, in deep partnership with Europe’s leading crypto platform Bitpanda. Its core role is to serve as the “universal currency” and “passport” for the entire Web3 ecosystem, enabling users to participate in governance, staking, enjoy discounts, and experience various innovative Web3 applications.

Specifically, Vision (VSN) will be integrated into a series of Bitpanda products, including:

  • Vision Protocol: This is a cross-chain liquidity aggregator, which you can think of as a “super exchange center” that helps you find the best routes for swapping digital assets across different blockchains.
  • Vision Chain: This is an Ethereum-based Layer 2 blockchain designed specifically for tokenized real-world assets (RWAs). You can think of it as a “highway” in the blockchain world dedicated to handling “digital versions” of real estate, stocks, and other assets, with a strong focus on compliance.
  • Bitpanda DeFi Wallet: This is a user-friendly non-custodial wallet designed to make it easy for everyday users to explore, trade, and participate in decentralized applications.
  • Launchpad: This is a platform for showcasing and incubating selected crypto projects, giving Vision holders early access to these projects.

Through these products, Vision (VSN) aims to provide users with a seamless, compliant, and feature-rich Web3 experience.

Project Vision and Value Proposition

The core vision of Vision (VSN) is to become a compliant, interoperable Web3 infrastructure, especially in the European market. It seeks to combine institutional trust with decentralized innovation, acting as a bridge between traditional finance and on-chain ecosystems. Imagine traditional financial institutions as giant oil tankers with vast funds and users, but struggling to enter the “digital ocean” of blockchain due to a lack of compliant pathways and sufficient security. Vision (VSN) aims to pave a safe, compliant channel for these “tankers” to smoothly sail into the vast world of Web3.

The core problems it hopes to solve include:

  • Adoption and regulatory compliance in the Web3 ecosystem: Many Web3 projects face compliance challenges, especially as European MiCA (Markets in Crypto-Assets) regulations become stricter. Vision (VSN) puts compliance first, aiming to provide solutions that meet regulatory requirements.
  • The gap between traditional finance and decentralized finance: Bridging the trust gap for traditional financial institutions regarding blockchain technology, providing them with a safe, regulated entry point for tokenizing real-world assets.
  • Complexity of user experience: By integrating Bitpanda’s ecosystem, it simplifies the process for users to participate in Web3, lowering technical barriers.

What sets Vision (VSN) apart from similar projects is its deep integration with Bitpanda’s ecosystem and regulatory expertise (such as partnerships with Deutsche Bank and Société Générale), giving it a unique compliance advantage in the European market and a focus on the tokenization of real-world assets (RWAs).

Technical Features

The technical architecture of Vision (VSN) is designed to deliver an efficient, secure, and compliant Web3 experience.

  • Vision Chain: Born for Real-World Assets

    Vision Chain is an Ethereum-based Layer 2 network, which you can imagine as a “dedicated highway” running alongside the Ethereum mainnet. This highway isn’t open to all vehicles, but is specifically designed for “special cargo” that requires high compliance and security—namely, tokenized real-world assets (RWAs) like digital real estate and stocks. Its design philosophy is “compliance first,” meaning it considers how to meet the strict requirements of financial institutions from the outset.

  • Vision Protocol: Cross-Chain Liquidity Aggregator

    Vision Protocol acts like a “smart navigation system,” aggregating liquidity across different blockchains. In the blockchain world, different chains are like different countries, and moving assets between them is often troublesome. This protocol aims to reduce such “fragmentation,” allowing users and developers to conduct cross-chain transactions and operations more smoothly.

  • Interoperability: Connecting Different Blockchains

    To enable smooth communication between blockchains, Vision Chain leverages Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This is like building a unified “translation system” and “logistics network” between different “countries,” ensuring information and assets can be securely and reliably transferred between Ethereum, Arbitrum, Hyperliquid, and other blockchains.

Tokenomics

The Vision (VSN) token is the core of the entire ecosystem, designed as a multifunctional utility token.

  • Token Basics

    • Token symbol: VSN
    • Issuing chain: VSN is an ERC-20 token, initially minted on Ethereum but capable of cross-chain bridging.
    • Total supply and issuance mechanism: VSN’s initial supply is 4,200,000,000 tokens. It uses a protocol-driven issuance model, meaning additional tokens are issued over time based on network growth and staking rewards needs, so it follows an inflationary model.
    • Current and future circulation: As of November 15, 2025, the circulating supply of VSN is about 2,730,000,000 tokens.
  • Token Utility

    The VSN token plays several key roles within the Vision ecosystem:

    • Governance: VSN holders can participate in protocol governance through on-chain voting, having a say in key parameters such as staking rewards, burn rate, and community fund allocation, jointly deciding the project’s direction.
    • Staking: Holders can stake VSN tokens to earn up to 10% annual yield (APY). This is like depositing money in a bank to earn interest, while also contributing to the network’s security and operation.
    • Fee discounts: Within the Bitpanda ecosystem, using VSN to pay transaction fees grants a 20% discount.
    • Ecosystem rewards: A portion of ecosystem-generated fees is continuously used to buy back and burn VSN tokens, and as user rewards, ensuring long-term sustainability and returning value to participants.
    • Launchpad access: VSN holders can gain access to participate in selected crypto project Launchpads.
  • Token Distribution and Unlocking Information

    VSN token issuance is carried out through the migration (swap) of Bitpanda’s previously issued BEST and Pantos (PAN) tokens. Existing BEST and PAN holders can swap their tokens for VSN at a fixed exchange rate. The remaining VSN tokens are held by the Vision Web3 Foundation, used for providing liquidity, paying staking rewards, promotional activities, and other ecosystem initiatives.

Team, Governance, and Treasury

  • Core Members and Team Features

    The Vision (VSN) project is governed and developed by the VISION Web3 Foundation. This is an independent organization founded in 2025 and headquartered in Zug, Switzerland. The foundation is responsible for issuing and managing VSN, overseeing token supply, liquidity, and protocol governance. The foundation’s chairman is Fabian Reinisch.

    Additionally, there is an independent Bitpanda Web3 Committee composed of industry experts, who advise the foundation on token issuance strategy, grant allocation, and ecosystem growth.

  • Governance Mechanism

    Vision (VSN) adopts an on-chain voting governance mechanism. This means VSN token holders can directly participate in project decisions through voting, such as determining staking reward emissions, token burn rates, and community fund allocation. This decentralized governance model aims to ensure the utility, issuance, and long-term evolution of the token are shaped collectively by its users, reflecting a user-first principle.

  • Treasury and Funding

    A portion of ecosystem-generated fees flows to the Vision Foundation, which then returns value to the ecosystem through buybacks, burning VSN tokens, and rewarding users. This mechanism helps ensure the project’s long-term sustainability and incentivizes active community participation.

Roadmap

The Vision (VSN) development roadmap covers key milestones from the past and major plans for the future:

  • Historical Milestones

    • Early 2025: Bitpanda announces plans to merge its existing BEST and Pantos (PAN) tokens into a single next-generation Web3 token, VSN.
    • July 9, 2025: The VSN “Crypto Asset Whitepaper” is released, and the migration period for BEST and PAN holders to swap for VSN begins.
    • July 16, 2025: Vision (VSN) token officially launches and opens trading on major centralized exchanges such as Kraken, KuCoin, Gate.io, Bitpanda, and MEXC, as well as decentralized platforms like Uniswap. VISION Web3 Foundation is established.
    • November 15, 2025: Bitpanda DeFi Wallet activities begin generating XP (experience points), preparing for upcoming rewards and the Engage progress tier.
    • December 12, 2025: VSN launches on Bitget exchange, further expanding its international reach.
  • Future Key Plans

    Vision (VSN)’s future plans include:

    • Introduction of governance mechanism: Gradually implementing decentralized governance, allowing token holders to fully participate in decision-making.
    • Expanding token utility: Continuously increasing the application scenarios and value of VSN within the ecosystem.
    • Launch of Vision Chain: Officially launching Vision Chain to provide institutional-grade on-chain infrastructure for tokenized real-world assets.
    • Launch of Launchpad: Launching the Launchpad platform to incubate and showcase selected crypto projects.
    • Launch of Engage rewards tier: Rolling out Engage through multi-stage airdrop activities to reward early supporters.
    • Strengthening partnerships: Focusing on partnerships in tokenization and regulated digital assets will play an increasingly important role.

Common Risk Reminders

Investing in any blockchain project comes with risks, and Vision (VSN) is no exception. Here are some common risks to be aware of:

  • Technical and Security Risks

    • Smart contract vulnerabilities: Although the project team conducts audits, smart contracts may still have unknown vulnerabilities that could lead to asset loss.
    • Network attacks: Blockchain networks may face various attacks, such as 51% attacks (for PoW chains), DDoS attacks, etc., affecting network stability and security.
    • Cross-chain risks: While cross-chain technology is convenient, it also introduces new security risk points, such as bridge vulnerabilities.
  • Economic Risks

    • Market volatility: The cryptocurrency market is known for its extreme volatility, and the price of VSN tokens may rise or fall sharply in a short period.
    • Competitive pressure: There is fierce competition between Web3 ecosystem tokens and established cryptocurrencies, and Vision (VSN) must continually innovate to remain competitive.
    • Liquidity risk: In some cases, tokens may lack sufficient buyers or sellers, making it difficult to trade at desired prices.
    • Inflationary model: VSN follows an inflationary model, with new tokens continuously entering the market, which may impact token price.
  • Compliance and Operational Risks

    • Regulatory uncertainty: Although Vision (VSN) is committed to compliance, the global crypto regulatory environment is constantly changing, and new regulations may affect its operations and development.
    • Project execution risk: The project’s success depends on the team’s ability to execute the roadmap as planned and effectively respond to market changes and technical challenges.
    • Dependence on Bitpanda ecosystem: Vision (VSN) is deeply integrated with the Bitpanda ecosystem, so Bitpanda’s operational status and market performance will also impact it.

Please remember: Investing in digital assets carries risks, and you may lose your entire investment. This is not investment advice, and past performance does not guarantee future results. Be sure to understand all risks before investing.

Due Diligence Checklist

To gain deeper insight into the Vision (VSN) project, you can refer to the following information:

  • Official website: Visit Vision’s official website for project features, use cases, and the latest updates.
  • Whitepaper: Review Vision’s whitepaper (or “Crypto Asset Whitepaper”) for detailed information on its technical architecture, goals, and vision.
  • Block explorer: Find the VSN token contract address and view its transaction history, holder distribution, and other on-chain data on Ethereum block explorers such as Etherscan.
  • GitHub activity: If the project has a public GitHub repository, check its code update frequency and contributor count to assess development activity.
  • Social media: Follow Vision’s official accounts on X (Twitter) (@vsntoken) and Discord for ecosystem updates, community events, and partnership news.
  • CoinMarketCap/CoinGecko: View VSN’s real-time price, market cap, trading volume, circulating supply, and other market data on these data sites.

Project Summary

Vision (VSN) is a blockchain project aimed at bridging the gap between traditional finance and the Web3 world, with a particular focus on the European market and compliance as its core strength. Through Vision Chain (an Ethereum Layer 2 network focused on real-world assets), Vision Protocol (cross-chain liquidity aggregator), and deep integration with the Bitpanda ecosystem, it offers users a multifunctional, user-friendly Web3 experience. The VSN token, as the core of the ecosystem, grants holders governance rights, staking rewards, and fee discounts, and returns value to the community through buyback and burn mechanisms. The project is independently managed by the VISION Web3 Foundation, with professional advice from the Bitpanda Web3 Committee, jointly driving its development.

Vision (VSN)’s advantages lie in its emphasis on regulatory compliance (especially under MiCA regulations) and its combination with Bitpanda’s existing user base and infrastructure, giving it a unique position in institutional adoption and real-world asset tokenization. However, it also faces challenges such as inherent crypto market volatility, fierce competition, and an ever-changing regulatory environment.

Overall, Vision (VSN) is committed to building a more accessible, transparent, and beneficial Web3 infrastructure, showing potential especially in connecting traditional finance and the decentralized world. It’s a project worth watching, but remember, this is not investment advice. Always do your own research (DYOR) before making any investment decisions.

Disclaimer: The above interpretations are the author's personal opinions. Please verify the accuracy of all information independently. These interpretations do not represent the platform's views and are not intended as investment advice. For more details about the project, please refer to its whitepaper.

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