Pantos, a Multichain Token System Backed by Crypto Exchange Bitpanda, Starts Beta Version

The launch by Pantos, backed by the Austrian crypto exchange Bitpanda, follows a $12.1 million initial coin offering in 2018.

AccessTimeIconFeb 14, 2023 at 3:30 p.m. UTC
Updated Feb 14, 2023 at 5:39 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Pantos, a crypto protocol designed to allow tokens to deployed on multiple blockchain networks, said its beta version has gone live.

According to a press release, the Pantos testnet supports seven chains: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom.

The project aims to bring a "multichain token system to the masses," according to the press release. Pantos's native token PAN trades on the Austrian crypto exchange Bitpanda, which has backed the project.

"Though it aims to eventually become a fully decentralized open-source protocol with PAN as its own gas token, the public beta of Pantos comes with a trusted validation mechanism to ensure a smooth launch," the company said.

In 2018 the project raised $12.1 million through an initial coin offering. In 2020 Pantos disclosed a deal with the Austrian bank Raiffeisen to provide technology for a tokenized fiat currency to connect to multiple blockchains.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Bradley Keoun

Bradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.