Bitpanda launches Pantos, The First Multi-Blockchain Token System

Bitpanda, Europe’s leading retail broker for digital currencies, has started an open-source research project named Pantos, together with scientists from the Technical University of Vienna, the Academy of Sciences, and the Research Institute for Future Cryptoeconomics (RIAT).

Austria, Vienna - March 14, 2018 /MarketersMedia/ —

Bitpanda, Europe’s leading retail broker for digital currencies, has started an open-source research project named Pantos, together with scientists from the Technical University of Vienna, the Academy of Sciences, and the Research Institute for Future Cryptoeconomics (RIAT). The project will develop the Token Atomic Swap Technology (TAST) and will release the developed work as an open-source technology.

Pantos will be financed by a Technology ICO, which will be capped at 1500 BTC to ensure the development of open-source technology that should enable a key technology for a token-based environment – the Token Atomic Swap Technology (TAST).

Pantos wants to solve the blockchain fragmentation problem. After Bitcoin, many digital currencies based on the blockchain technology have been launched, each with their own specifications and protocols. A future with multiple blockchain networks is very likely.

Founders of Bitpanda Eric Demuth, Paul Klanschek and Christian Trummer Stated That:

“The various networks compete not only for investment, resources and market share – but also for knowledge. This is where Pantos comes into play: With the new technology and the PAN Token, for the first time, it is intended to enable valuable transfers of tokens across several blockchains,“

With it’s open source approach, Pantos will enable sustainable collaborations between blockchain projects and common technical standards for cross-blockchain transfers can be set. Pantos will be initially launched on Ethereum, with Bitcoin, Litecoin, Lisk, Komodo and Waves, all first blockchain-generation, support expected to follow soon.

The Three Founders Also Stated:

“It is particularly important to us, that the associated Technology ICO finances the new technology and research, which is why it is limited to 1500 BTC, to provide an open-source technology for the industry. It is deliberately not a start-up financing system.”

Enabling Real-Time Arbitrage:

Pantos will enable near-real-time arbitrage trading, resulting in increased volumes across all decentralised marketplaces and an expected increase in demand for PAN tokens. Traders will be able to exploit the resulting price differences between pairs of ‘digital currencies’.

A new metric: Blockchain Domination Index

The flexible portability functions allow the PAN token to form a common denominator and thus, the introduction of a new unit designed for the crypto-economy. The Blockchain Domination Index displays the token usage and distribution among all supported blockchains in real time. Thanks to PAN, this allows the significance of each blockchain to be measured on the basis of genuine usage.

About Bitpanda

Bitpanda’s founding members are digital currency enthusiasts since the emergence of Bitcoin. Back in 2013 it was difficult to buy digital currencies in Europe, which led them to their visionary idea of Bitpanda. Since then, Bitpanda.com has grown to become Europe’s leading retail broker for digital currencies, currently offering Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash and Ripple, and fully integrated EUR trading, including in-house-developed wallet solutions for all assets.

Pantos supporters: Pantos is being supported and advised by some of the most respected projects and people in the global blockchain space. For the full list you can check out pantos.io or the Pantos Vision-paper.

You can find more information and a press kit on the official website https://pantos.io/.

Media Contact
Location: Vienna, Austria
Email: press@pantos.io

Visit the Website: https://pantos.io
Read the Whitepaper: https://pantos.io/pdf/pantos-visionpaper.pdf
Join on Facebook: https://www.facebook.com/PantosIO
Follow onTwitter: https://twitter.com/PantosIO
Subscribe on YouTube: https://www.youtube.com/channel/UCs8FmLFt5PmF4fp5PjUAW6A
LinkedIn: https://www.linkedin.com/company/pantos_io/
Medium: https://medium.com/@PantosIO
Chat on Telegram: https://t.me/pantosIO

Pantos is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

Contact Info:
Name: Pantos
Email: press@pantos.io
Organization: Pantos

For more information, please visit https://pantos.io/

Source: MarketersMedia

Release ID: 314208

Latest News

Cavalli to grow design unit with luxury project in Bahrain

Dec 11, 2018

MILAN — The Roberto Cavalli fashion house is looking for future growth in the home decor and furniture sector, with a new project furnishing a luxury residential building in Bahrain. CEO Gian Giacomo Ferraris said Wednesday that revenues from home furnishings sales have increased to 8 percent from 6 percent in 2016, when the Clessidra private equity fund bought a 89.6-percent stake from founder Roberto Cavalli, who retains the rest. Cavalli's 2017 revenues were 152 million euros. Fashion houses like Cavalli, Armani, Fendi and Versace are leaders in home décor, with residential projects in luxury locations around the world. Cavalli...

Kurtag's first-ever opera makes long-awaited world debut

Dec 11, 2018

MILAN — Hungarian composer Gyorgy Kurtag's long-awaited, first-ever opera has made its world debut at the famed La Scala opera house, winning over Italian opera goers with eight minutes of applause. Hungarian Prime Minister Viktor Orban was in the royal box for Thursday's premiere of "Fin de Partie," based on the play by Samuel Beckett. Orban's comment as he left the theater: "Astonishing." The 92-year-old Kurtag spent more than eight years writing the opera. La Scala General Manager Alexander Pereira has been waiting since his days at the Zurich Opera House and then the Salzburg Festival to stage it. Backstage,...

Ronaldo scores 2 as Juventus fights back to beat Empoli 2-1

Dec 11, 2018

MILAN — Juventus missed Mario Mandzukic and Giorgio Chiellini. It got by with Cristiano Ronaldo. Ronaldo scored twice as Juventus came from behind to win at relegation-threatened Empoli 2-1 on Saturday and maintain its unbeaten start in Serie A. His first was a perfectly placed penalty, and his second was a magnificent 20-yard strike, which his coach Massimiliano Allegri called "a moment of magic." "Those types of moves should be shown to kids in football academies rather than boring them with theory and tactics," Allegri said. "Tomorrow, so many of them will go out and try to imitate the feat...

Jailed Ukrainian filmmaker Oleg Sentsov wins EU rights award

Dec 11, 2018

BRUSSELS — The European Union on Thursday awarded its top human rights prize to Oleg Sentsov, a Ukrainian filmmaker imprisoned in Russia accused of plotting acts of terrorism, calling him a symbol of all political prisoners being held there. Sentsov was sentenced to 20 years in prison in 2015 for conspiring to commit acts of terrorism, charges he denies. He has been one of the most vocal opponents of Russia's annexation in 2014 of his native Crimea region of Ukraine. The 42-year-old director staged a hunger strike for 144 days to protest the incarceration of dozens of Ukrainians in Russia....

Gilberto Benetton, a founder of fashion brand, dies at 77

Dec 11, 2018

MILAN — Gilberto Benetton, one of the four founding siblings of the iconic Benetton fashion brand known as much for its provocative ad campaigns as its colorful knitwear, died Monday evening at age 77, his family announced. The family said Benetton's wife, Lalla, two daughters, Barbara and Sabrina, and son-in-law Ermanno were by his side at his home in the northern city of Treviso, near where the fashion company is based. The news agency ANSA said he had suffered an undisclosed illness. . Gilberto, along with siblings Carlo, Luciano and Giuliana, founded Benetton as knitwear company in 1965, transforming it...

Search News

Sign up now!