Effortlessly Deploy Tokens Across Multiple Blockchains Using Pantos Multichain Token Creator

Effortlessly Deploy Tokens Across Multiple Blockchains Using Pantos Multichain Token Creator

Blockchain News
May 17, 2023 by Editor's Desk
486
Pantos, the Multichain Token System developed by the team behind Bitpanda, has announced the public release of the Multichain Token Creator. This user-friendly web application empowers users to configure and deploy their own multichain tokens based on the Pantos Digital Asset Standard (PANDAS). Additionally, developers can customize their base token and access the contract code
Illustration representing the concept of deploying tokens on multiple blockchains

Pantos, the Multichain Token System developed by the team behind Bitpanda, has announced the public release of the Multichain Token Creator. This user-friendly web application empowers users to configure and deploy their own multichain tokens based on the Pantos Digital Asset Standard (PANDAS). Additionally, developers can customize their base token and access the contract code for further extensions.

Streamlining Token Deployment Across Multiple Blockchains

The introduction of the Multichain Token Creator simplifies the process of launching projects on various blockchain networks. By enabling tokens to be deployed across multiple chains, it expands their reach effortlessly and creates new opportunities for both the community and the projects themselves. No longer confined to a single chain, developers, users, and their assets can now take advantage of the benefits offered by different blockchain platforms.

“Our Multichain Token Creator represents a groundbreaking innovation in the blockchain industry, providing developers and projects with a seamless solution for adopting a revolutionary multichain token standard. This fosters unparalleled cross-chain collaboration and unlocks endless possibilities for the future of decentralized technology,” explained Marius Ciortan, the Director of Product Engineering at Pantos.

Enhanced Efficiency for Developers and Users

The Token Creator significantly reduces the time and complexity involved in developing multichain assets, allowing developers to launch their tokens within minutes. On the user side, this tool enhances the multichain experience by providing easy access to native multichain assets through a simplified token creation process.

Showcasing the Multichain Token Creator at EDCON

Pantos will 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, EDCON offers a platform for startups and projects dedicated to the development of Ethereum technology and its ecosystem. The Super Demo event, commencing on the first day of the conference, will provide a stage for Pantos to demonstrate the capabilities of their Multichain Token Creator and introduce the Pantos Digital Asset Standard (PANDAS).

The Path to Interoperability: Pantos’ Journey

In 2018, Pantos originated as an in-house research project initiated by Bitpanda in collaboration with TU Wien (Austria) and later TU Hamburg (Germany). The project aimed to establish an open standard for decentralized multichain token transfers and blockchain interoperability. Pantos facilitates the seamless sending of tokens, wrapping of native coins from supported chains, and easy creation and deployment of 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. The platform plans to continuously integrate additional EVM and non-EVM chains in the future. The recent ‘Best Business Model’ award received at the Austrian Blockchain Award Gala further validates Pantos’ success and dedication.

About Pantos

Pantos, born as a research project by the team behind Bitpanda in 2018, operates as an open-source protocol with the mission to achieve true interoperability for Web3. Its cutting-edge technology empowers existing and upcoming tokens to be deployed on multiple blockchain networks, granting users the freedom to choose the most suitable network for their digital assets. In 2018, Pantos raised $12.1 million in funding through an Initial Coin Offering (ICO) on Bitpanda.

FAQs:

  1. What is Pantos?
    Pantos is a Multichain Token System developed by the team behind Bitpanda, aiming to achieve true interoperability for Web3 applications.
  2. What is the Multichain Token Creator?
    The Multichain Token Creator is an easy-to-use web app that allows users to configure and deploy their own multichain tokens built on the Pantos Digital Asset Standard (PANDAS).
  3. How does the Token Creator benefit developers?
    The Token Creator reduces the time and complexity of developing multichain assets, enabling developers to launch their tokens within minutes.
  4. What advantages does the Multichain Token Creator offer users?
    Users benefit from a smoother multichain experience and increased availability of native multichain assets through the simplified token creation process.
  5. Which blockchain networks does Pantos currently support?
    Pantos currently supports seven chains on the testnet, including Ethereum, Polygon, Avalanche, BNB, Cronos, Celo, and Fantom, with plans to integrate more chains continuously.