Pantos is an open-source project that claims to be the world’s first multi-blockchain token system with cross-chain token transfers. The key point of the project is to bring all major blockchain projects closer together by improving communication between developers, researchers and users.
Pantos is an open-source project developed by the Bitpanda team, the ICO for PAN tokens begins the 21 March 2018 and 1% of the total supply is being airdropped to Bitpanda users.
Pantos is a newly coined word consisting of Pan (= everything) and Tos (= token system). The “everything token system”.
Goals
The main goal of Pantos is to create two channels between blockchains:
- Payment channels
- Communication channels
Hence payment channels to propagate transactions between blockchains and communication channels to facilitate communications between teams/developers to provide a better interoperability in the crypto world and boosting the blochchain adoption. At the time of write the confirmed blockchains supported will be: Bitcoin, Ethereum, Waves, Komodo, and Lisk.
Finally, let’s see the four gold rules to check if an ICO is a potential bluff/scam or a nice project.
Team behind Pantos
Bitpanda team is developing the project in collaboration with researchers at the Technical University of Vienna, the Research Institute for Future Cryptoeconomics (RIAT) and the Austrian Academy of Sciences. In addition, the project is supported by Lisk foundation, NEM foundation and Komodo foundation!
Feature
- Enabling cooperation and synergies between blockchain platforms
- Enabling real-time arbitrage between exchanges, real-time cross-blockchain arbitrage and real-time cross-chain arbitrage
- 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
- Providing better future security regardless of technological changes
Roadmap
The ICO for PAN tokens begins the 21 March 2018 with an early airdrop for Bitpanda users for 1% tokens. There’s a total supply of 1 billion (1,000,000,000) PAN tokens. 40% of PAN tokens will be sold to the public ICO while the remaining 59% of PAN tokens are reserved by the company for future fundraising, management, employees, and bounties.
It seems a good project.. keep an eye on it!
