Pantos claims to be the world’s first multi-blockchain token system. Find out how it works today in our review.
What Is Pantos?
Pantos, found online at Pantos.io, aims to create unity in a fragmented digital currency market. The platform is an open source project that aims to bring all major blockchain platforms closer together, setting new standards for decentralized cross-chain token transfers.
An ICO for Pantos tokens begins on March 21, 2018.
Pantos is being developed by the team at Bitpanda. 1% of the total supply of tokens will be airdropped to eligible Bitpanda users.
The overall goal of Pantos is to create two broad types of channels between blockchains like bitcoin, Ethereum and Lisk, including payment channels and communication channels. Payment channels will be used to create seamless transactions between blockchains, while communication channels will be used to facilitate communications between teams. The end result will be better interoperability in the crypto community.
How Pantos BitPanda's PAN Crypto Token Blockchain System Works
Pantos aims to support many major blockchains in its first generation launch. Listed blockchains include bitcoin, Ethereum, Waves, Komodo, and Lisk.
The goal is to bring all of these major blockchain platforms closer together. To do that, Pantos will facilitate communication between developers, researchers, and users, then set standards for decentralized cross-chain token transfers.
Pantos is more than just an open source communication project: the company also seeks to establish Token Atomic Swap Technology, or TAST, which will implement atomic swaps between blockchains. To add that functionality to their platform, Pantos has partnered with TU Vienna, which will provide dedicated research staff for the project.
What Problems Does Pantos Seek To Solve?
Pantos seeks to solve a number of major problems in today’s cryptocurrency industry. Since bitcoin was launched in 2009, we’ve seen a surge of blockchain projects – including new cryptocurrencies as well as decentralized apps.
Pantos believes that the number of projects isn’t necessarily a problem. Instead, problems arise when research and development efforts are not shared and communicated effectively between teams. Projects risk ending up as separate islands, which ultimately slows down mass adoption of blockchain technology.
With that in mind, Pantos aims to strengthen the crypto ecosystem by creating better collaboration between participants while also facilitating cross-chain atomic swaps.
Pantos Features And Benefits
Some of the listed features and benefits of Pantos include:
- Fostering cooperation and promoting synergies between blockchain platforms
- Enabling real-time arbitrage between exchanges, including real-time cross-blockchain arbitrage and real-time cross-chain arbitrage
- Offering a future-proof solution regardless of technological change
- Introducing a new metric to measure the real-time PAN usage and distribution among blockchain platforms using the blockchain domination index
- Enabling better future security regardless of technological changes
- The blockchain domination index, which will provide a real-time metric for token usage and distribution across networks
Pantos PAM ICO Details
There’s a total supply of 1 billion (1,000,000,000) PAN tokens. 40% of PAN tokens will be sold to the public during the ICO.
The remaining 59% of PAN tokens are reserved by the company for future fundraising, management, employees, and bounties. The final 1% will be airdropped to eligible Bitpanda users.
Who’s Behind Pantos?
Pantos is being developed by the team at Bitpanda. Pantos’s development is led by Paul Klanschek (CEO). Other listed members of the team include Eric Demuth (CEO), Christian Trummer (CTO).
Bitpanda is a fully automated digital currency trading platform that has grown to become one of Europe’s highest volume cryptocurrency exchanges.
Pantos lists the Waves Foundation, the Lisk Foundation, and the Komodo Foundation among its strategic partners. It also lists RIAT, Technische Universität Wien, and exploration space @ ÖAW among its universities and scientific partners.
The name of the project comes from the Greek prefix “pan”, which means “all”, and the word “tos”, which is short for “token system.”
The company is registered under the name Pantos GmbH.
Pantos is an idea conceived by the team at Bitpanda. The goal of Pantos is to create better communication and interoperability between major blockchains. Pantos will create two broad types of channels, including communication channels and cross-chain payment channels.
The end result is a more connected and collaborative crypto economy where users can complete cross-chain atomic swaps between Ethereum, bitcoin, and other major blockchains.
To learn more about the project, visit online today at Pantos.io.