Decentralized open-source platform for peer-to-peer cross-chains token transfers
Mar. 21, 2018
Mar. 28, 2018
ICO is over
As we see from the current situation, the crypto world is going a way of a numerous blockchains which are not connected to each other. Each of them has its own specific purpose, token, community, and sphere of application. In the future these communities will have to find a way of collaboration in order to improve adoption and for further development, promotion, and influence on the market they are working on. Bitpanda, a team behind Pantos, is trying to resolve this problem by developing a standardized way of intercommunication between different blockchains and cross-chains token transfers. Pantos is an open-source, open-innovation driven research project, bringing all major blockchain platforms closer together. The ability to collaborate between developers will speed-up innovation and allow blockchain projects to scale much faster than before.
The project is based on the Token Atomic Swap Technology (TAST), an open-source technology that allow for the instant peer-to-peer exchange of cryptocurrency between two parties on two different blockchains and without necessity of any services from third parties. Currently the platform supports bitcoin, ethereum, waves, komodo, lisk, and nem.
Their token called PAN will serve as a vehicle between different blockchains to transfer tokens. In order to make the system completely decentralized, the team is firstly going to use the Bitpanda platform for token transfers. Then they will introduce a public API direct transfers of PAN between blockchains. The decentralization will complete with utilizing atomic swaps, Lightning Networks and smart contract technologies.
A total supply is 1 billion of PAN. Distribution is as follows: 40% – sale, 40% – reserve, 10% – team, 9% – bounty programs, 1% – airdrop.
The team consists of more than 60 specialists and has already proved the ability to make successful projects. They have developed and launched a fully-automated digital currency trading platform, Bitpanda.com, one of the leading retail exchanges in Europe.
The team leaders are Paul Klanschek, Eric Demuth, Christian Trummer, blockchain enthusiasts and serial entrepreneurs. They also have more than a solid team of advisors and partners.
Pantos is becoming a very strong player on the highly competitive market, bringing their TAST technology, a unique tool for peer-to-peer token transfers. We have no doubt the technology will be in a great demand in the blockchain communities. The main disadvantage we see is an unclear scheme of earning money, since the token transfers will definitely be free.
Pantos is a project aiming to combine separate blockchains to allow them to collaborate, and bringing a highly demanded technology of cross-chain peer-to-peer token transfers.
Pantos is the answer to an increasingly fragmented digital currency market. It is an open-source, open-innovation driven research project, bringing all major blockchain platforms closer together, which will set new standards for decentralised cross-chain token transfers.
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