Pantos, the Multichain Token System developed by the people behind Bitpanda, today announced the public release of the Multichain Token Creator. It is a user-friendly web application developed on top of the Pantos Digital Asset Standard (PANDAS) that enables users to create and deploy their own multichain tokens. Developers may also download the contract code and customize their base token to add additional features.
With the help of the Multichain Token Creator, projects may quickly and easily launch on other blockchain networks, expanding their audience and opening up new prospects for both the community and the projects themselves. There is no longer a need to restrict developers, users, and their assets to a single chain.
“Our Multichain Token Creator is a defining innovation in the blockchain space, offering developers and projects an effortless way to adopt a revolutionary multichain token standard that drives unparalleled cross-chain collaboration and opens up endless possibilities for the future of decentralized technology,” said Marius Ciortan, the Director of Product Engineering at Pantos.
The Token Creator allows developers to launch their tokens in just a few minutes by drastically reducing the time and complexity of creating multichain assets. The improved accessibility of native multichain assets made possible by the simple token generation procedure will, on the other hand, result in a smoother multichain experience for users.
The Token Creator will be made available to the public for the first time by Pantos during Super Demo at the forthcoming EDCON conference, which will take place in Montenegro from May 19–23. The Pantos Digital Asset Standard (PANDAS) will also be unveiled during the occasion. A forum for entrepreneurs or initiatives supporting the growth of Ethereum technology and its ecosystem is offered by the EDCON Super Demo. The Super Demo begins on May 19th, the first day of the conference, and ends on May 22nd.
In order to create an open standard for genuinely decentralized multichain token transfers and blockchain interoperability, Bitpanda launched Pantos in 2018 as an internal research project in conjunction with TU Wien (Austria) and subsequently also TU Hamburg (Germany). It makes it simple for users and developers to send tokens, wrap native coins from supported chains, and quickly generate and deploy native multichain tokens.
On the testnet, Pantos presently supports seven chains: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo, and Fantom. It also has ambitions to gradually include other EVM and non-EVM chains. Pantos received the ‘Best Business Model’ accolade at the Austrian Blockchain Award Gala earlier this month.