Pantos is an initiative conceived by the team behind Bitpanda. It is researched and developed in close collaboration with the TU Wien. As the first multi-blockchain token system, Pantos aims to bring blockchain projects closer together, improve communication between developers, researchers and users, and set innovative standards for cross-chain token transfers.
Pantos at the forefront of innovation
Under the framework of the Austrian national initiative for Open Innovation, we aim to encourage cooperation between various projects in the crypto economy.
In its first year, the Pantos project has successfully finished the initial research for Token Atomic Swap Technology (TAST). The Distributed Systems Group at the TU Wien has published four Technical White Papers and developed the TAST research prototype (DeXTT: Deterministic Cross-Blockchain Token Transfers), which is fully documented and available on GitHub. This prototype demonstrates how the concepts and approaches we have developed and described in theory can be implemented in practice.
In upcoming research, the team will further simplify the approach presented in our latest paper, and we want to extend the functionality we have developed so far to enable additional, exciting features. For instance, we would like to enable smart contract invocations across blockchains. The basis we have developed so far seems very promising in this regard.
Pantos’ goal is to serve as a lighthouse project in an increasingly fragmented blockchain space. With multiple blockchains serving all kinds of different purposes, Pantos is seeking to allow these projects to talk to one another in a standardised way. This will speed up innovation by creating a link between blockchains which can then scale together. Living up to their reputation as highly esteemed partners of innovation-oriented enterprises, the TU Wien provides us with dedicated research staff for a joint project entitled ‘Token Atomic Swap Technologies’ (TAST).
The project is supervised by Dr. Stefan Schulte, Assistant Professor for Industrial Cyber-Physical Systems at the TU Wien. The core aim of TAST is the introduction of atomic swap technologies into the Pantos Project by the Distributed Systems Group (DSG) of the TU Wien. Based on insights gained from this project, prototypes of on-chain atomic swaps will be built to demonstrate the mass market suitability. Please note, that we will not comment any rumours regarding exchange listings. This is dependent on supply and demand, as well as the project’s community. You can follow the progress in the official Pantos Roadmap.
We have also successfully implemented Pantos (PAN) deposit and withdrawal features on Bitpanda, which allows you to deposit and withdraw Pantos (PAN) as an ERC20 token on the Ethereum blockchain. But never send Pantos (PAN) to a non-ERC20 address, otherwise your tokens will be lost. Future integrations on other Blockchains will be announced at a later point. Therefore, have a look at the Pantos Roadmap, check out the Pantos blog, subscribe to the Pantos Newsletter and join the official Pantos Telegram to stay up to date with the project's latest developments. Please keep in mind that admins will never contact you via direct messages or give away free tokens. To stay safe, make sure to read out article on how to spot online scams.
Note: Keep in mind that we cannot speak about new features of the Pantos project. Furthermore, we will not comment on any rumours concerning such matters.
What is the difference between PAN and BEST?
The key difference between Pantos and BEST is that Pantos is a scientific research project, which aims to solve one of the key technical barriers in the crypto and digital asset space: interoperability between blockchains. BEST, on the other hand, is an ecosystem token for the expanding Bitpanda ecosystem, which aims to be highly usable, very attractive as an investment and which will come with a lot of direct benefits for Bitpanda users.
Will there be an airdrop to Bitpanda users and PAN holders?
Yes. Every verified Bitpanda user will receive the BEST airdrop. Furthermore, users who hold PAN on Bitpanda will receive an extra amount of BEST.
The Bitpanda ecosystem
While the scope and features of Pantos and BEST are not the same, we aim to bring the technology developed within the Pantos project to BEST and the whole Bitpanda ecosystem. We will incorporate Pantos technology as soon as it’s production ready. For example, IEOs performed on the Bitpanda Launchpad could use Pantos technology in the future.