Bitpanda's project, Pantos, has unveiled the Multichain Token Creator, an intuitive web application designed to facilitate the creation and deployment of multichain tokens. This tool operates on the Pantos Digital Asset Standard (PANDAS), enabling users to establish their foundational token and further enhance it by downloading and customizing contract code.
The Multichain Token Creator provides a streamlined pathway for projects to expand their footprint across various blockchain networks. This broadened accessibility generates additional avenues for community interaction and project growth, freeing users, developers and their assets from being confined to a single blockchain.
1/8 📢 Today, we stand on the cusp of a new era in blockchain technology. We're thrilled to introduce the groundbreaking Multichain Token Creator, a tool designed to set new standards in speed, efficiency, and innovation in the blockchain space.— Pantos (@PantosIO) May 17, 2023
Blog 👉https://t.co/fSUJft93P4 pic.twitter.com/wo5lGKXr5v
Marius Ciortan, Pantos' Director of Product Engineering, expressed his enthusiasm for the Multichain Token Creator, labeling it a groundbreaking innovation within the blockchain industry. He emphasized its capacity to promote cross-chain cooperation and unlock infinite possibilities in the decentralized technology sphere.
For developers, the Token Creator significantly simplifies the development process of multichain assets, allowing for the swift launch of tokens. Conversely, users will benefit from a seamless multichain experience due to the ease of native multichain asset creation.
Pantos will publicly exhibit the Token Creator at the upcoming EDCON conference in Montenegro during the Super Demo event, taking place between May 19 and 23. Here, Pantos will also introduce the Pantos Digital Asset Standard (PANDAS).
Initially developed in 2018 as a Bitpanda research project, Pantos has since evolved into an open standard for genuinely decentralized multichain token transfers and blockchain interoperability. Its platform permits developers and users to easily issue tokens, encapsulate native coins of supported chains and create and deploy native multichain tokens.
Currently, Pantos' testnet supports seven chains: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom, with continuous plans for integrating more EVM and non-EVM chains. Earlier this month, Pantos received the "Best Business Model" accolade at the Austrian Blockchain Award Gala.