Bitpanda-backed Pantos launches public beta of its Multichain Token Creator
Pantos, a multichain token system backed by the Austrian crypto exchange Bitpanda, today announced the public release of the Multichain Token Creator, an easy-to-use web app that enables users to deploy tokens on multiple blockchains.
Before now, developers, users, and their assets are locked to a single chain. The new token solves this problem by eliminating the need to remain confined to a single blockchain.
By leveraging the Multichain Token Creator, projects can effortlessly expand their presence across multiple blockchain networks, effectively broadening their reach and unlocking numerous opportunities for both the community and the projects themselves. This streamlined process facilitates seamless multi-chain launches, enabling projects to maximize their impact and potential in an efficient manner.
Commenting on the launch, Marius Ciortan, the Director of Product Engineering at Pantos, said: “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.”
The Multichain Token Creator also offers users the ability to customize and launch their own multichain tokens utilizing the Pantos Digital Asset Standard (PANDAS). Additionally, developers can tailor their base token by downloading the contract code and integrating their unique features into it.
For developers, The Token Creator significantly reduces the time and complexity involved in creating multichain assets. With the ability to launch tokens in a matter of minutes, developers can expedite their projects with ease. At the same time, users benefit from a seamless multichain experience as native multichain assets become more readily available through the user-friendly token creation process.
Pantos said it plans to unveil the Token Creator to the public for the first time during the Super Demo at the upcoming EDCON conference, scheduled to take place from May 19th to May 23rd in Montenegro. This event will also serve as the introduction of the Pantos Digital Asset Standard (PANDAS). The EDCON Super Demo serves as a platform for startups and projects that promote the development of Ethereum technology and its ecosystem. The Super Demo will span from the first day of the conference, May 19th, to May 22nd.
Pantos began as an in-house research project in 2018 by Bitpanda in collaboration with TU Wien (Austria) and was later joined by TU Hamburg (Germany), Pantos aims to establish an open standard for decentralized multichain token transfers and blockchain interoperability. Its purpose is to enable developers and users to effortlessly send tokens, wrap native coins of supported chains, and create and deploy native multichain tokens with just a few clicks.
Currently, Pantos supports seven chains on the testnet, including Ethereum, Polygon, Avalanche, BNB, Cronos, Celo, and Fantom. It also plans to continuously integrate additional EVM and non-EVM chains in the future. In a recent achievement, Pantos was honored with the ‘Best Business Model’ award at the Austrian Blockchain Award Gala.
Founded in 2018 as a research project initiated by the Bitpanda team, Pantos is an open-source protocol dedicated to achieving true interoperability in the realm of Web3. Its primary objective is to serve as a facilitator for advanced Web3 applications.
By harnessing innovative technology, Pantos empowers developers to deploy both existing and future tokens across multiple blockchain networks. This functionality grants users the flexibility to select the most fitting network for their digital assets. In 2018, Pantos successfully raised $12.1 million in funding through an Initial Coin Offering (ICO) hosted on Bitpanda.