New way of blockchain collaboration
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Pantos, innovative project of Bitpanda, has launched Multichain Token Creator, tool designed to revolutionize the creation and distribution of multichain tokens
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Bitpanda’s project, Pantos, has unveiled the Multichain Token Creator, an intuitive web application designed to facilitate the creation and distribution of multichain tokens. This tool operates on the Pantos Digital Asset Standard (PANDAS), which enables users to establish their basic token and further enhance it by downloading and customizing the contract code.
The Multichain Token Creator provides a streamlined path for projects to expand their footprint across various blockchain networks. This expanded accessibility generates additional avenues for community interaction and project growth, freeing users, developers and their assets from being confined to a single blockchain.
Marius Ciortan, Pantos’ Director of Product Engineering, expressed his enthusiasm for the Multichain Token Creator, calling it a groundbreaking innovation in the blockchain industry. He emphasized the capacity to foster cross-chain collaboration and unlock endless possibilities in the decentralized technology sphere.
For developers, Token Creator greatly simplifies the development process for multichain assets, enabling a rapid launch of tokens. Conversely, users will benefit from a seamless multichain experience due to the ease of native multichain asset creation.
Pantos will publicly exhibit Token Creator at the upcoming EDCON conference in Montenegro during the Super Demo event, which will take place between May 19 and 23. Here Pantos will also introduce the Pantos Digital Asset Standard (PANDAS).
Originally developed in 2018 as a Bitpanda research project, Pantos has since evolved into an open standard for genuinely decentralized multi-chain token transfers and blockchain interoperability. The platform allows developers and users to easily issue tokens, encapsulate native coins from supported chains, and create and distribute native multi-chain tokens.
Currently, Pantos’ testnet supports seven chains: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom, with ongoing plans to integrate more EVM and non-EVM chains. Earlier this month, Pantos received the “Best Business Model” award at the Austrian Blockchain Award gala.
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