- 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.
4/8 The Multichain Token Creator offers a user-friendly interface, with only four steps required to deploy or download contracts for a custom multichain token. This powerful tool opens up a world of possibilities for developers to innovate and create.
— Pantos (@PantosIO) May 17, 2023
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.