-AD-
-AD-
HomeUncategorizedBitpanda-backed Pantos Protocol Unveils Multi-Chain Token Creator

Bitpanda-backed Pantos Protocol Unveils Multi-Chain Token Creator

- Advertisement -
  • The Pantos team announced that the multi-chain token creator will be showcased to the public for the first time during the super demo at the upcoming EDCON conference, held in Montenegro between May 19 and 23.
  • Pantos Protocol is well funded after it raised about $12.1 million through an initial coin offering (ICO) on Bitpanda in 2018.

A Web3-focused  multi-chain protocol, Pantos network, has announced the public release of its multi-chain token creator.  The Bitpanda-backed multichain protocol enables developers to launch a token on different chains. Currently, the Pantos protocol supports upto seven chains on its testnet including Ethereum, Polygon, Avalanche, Binance Smart Chain, Cronos, Celo, and Fantom. However, the Pantos team has promised to integrate more EVM and non-EVM chains in the near term future.

As an award-winning protocol, the Pantos team developed an easy-to-use application to enable users to configure their multichain tokens built on top of the Pantos Digital Asset Standard (PANDAS). Notably, the Pantos protocol won the Best Business Model award at the Austrian Blockchain Award Gala.

“Our Multichain Token Creator is a defining innovation in the blockchain space, offering developers and projects an effortless way to adopt a revolutionary multichain token standard that drives unparalleled cross-chain collaboration and opens up endless possibilities for the future of decentralized technology,” said Marius Ciortan, the Director of Product Engineering at Pantos.

With more blockchains, token creators can reach out to more users at ease by just configuring their base token and extending it to different chains.

The Pantos team announced that the multi-chain token creator will be showcased to the public for the first time during the super demo at the upcoming EDCON conference, held in Montenegro between May 19 and 23. Additionally, the Pantos team will introduce the Pantos Digital Asset Standard (PANDAS) during the same event.

Pantos and the Market Outlook 

Founded in 2018 by the in-house research team at Bitpanda in collaboration with TU Wien Austria, and TU Hamburg Germany, the Pantos network has grown to a scalable Web3 open-source protocol. Furthermore, the Pantos protocol raised about $12.1 million through an initial coin offering (ICO) on Bitpanda in 2018.

As a result, the Pantos network is well covered to survive through the crypto winter before the next major bull market kicks off. Having launched its multichain token creator, the Pantos protocol expects to focus on the decentralization of service nodes during the third quarter of 2023. Additionally, the team plans to introduce off-chain bids to the Pantos ecosystem during the third quarter, to benefit service nodes by eliminating the need to register and update bids on-chain.

Following the deployment of the public beta, the Pantos protocol team intends to unveil the mainnet and decentralized multichain NFTs in the near term future.

As a result, the Pantos network will have helped in crypto and blockchain adoption as it also widens its market reach globally.

 

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
John Kiguru
John Kiguru
John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@ethnews.com Phone: +49 160 92211628
RELATED ARTICLES

LATEST ARTICLES