Bitpanda launches Pantos, The First Multi-Blockchain Token System

Bitpanda, Europe’s leading retail broker for digital currencies, has started an open-source research project named Pantos, together with scientists from the Technical University of Vienna, the Academy of Sciences, and the Research Institute for Future Cryptoeconomics (RIAT).

Austria, Vienna - March 14, 2018 /MarketersMedia/ —

Bitpanda, Europe’s leading retail broker for digital currencies, has started an open-source research project named Pantos, together with scientists from the Technical University of Vienna, the Academy of Sciences, and the Research Institute for Future Cryptoeconomics (RIAT). The project will develop the Token Atomic Swap Technology (TAST) and will release the developed work as an open-source technology.

Pantos will be financed by a Technology ICO, which will be capped at 1500 BTC to ensure the development of open-source technology that should enable a key technology for a token-based environment – the Token Atomic Swap Technology (TAST).

Pantos wants to solve the blockchain fragmentation problem. After Bitcoin, many digital currencies based on the blockchain technology have been launched, each with their own specifications and protocols. A future with multiple blockchain networks is very likely.

Founders of Bitpanda Eric Demuth, Paul Klanschek and Christian Trummer Stated That:

“The various networks compete not only for investment, resources and market share – but also for knowledge. This is where Pantos comes into play: With the new technology and the PAN Token, for the first time, it is intended to enable valuable transfers of tokens across several blockchains,“

With it’s open source approach, Pantos will enable sustainable collaborations between blockchain projects and common technical standards for cross-blockchain transfers can be set. Pantos will be initially launched on Ethereum, with Bitcoin, Litecoin, Lisk, Komodo and Waves, all first blockchain-generation, support expected to follow soon.

The Three Founders Also Stated:

“It is particularly important to us, that the associated Technology ICO finances the new technology and research, which is why it is limited to 1500 BTC, to provide an open-source technology for the industry. It is deliberately not a start-up financing system.”

Enabling Real-Time Arbitrage:

Pantos will enable near-real-time arbitrage trading, resulting in increased volumes across all decentralised marketplaces and an expected increase in demand for PAN tokens. Traders will be able to exploit the resulting price differences between pairs of ‘digital currencies’.

A new metric: Blockchain Domination Index

The flexible portability functions allow the PAN token to form a common denominator and thus, the introduction of a new unit designed for the crypto-economy. The Blockchain Domination Index displays the token usage and distribution among all supported blockchains in real time. Thanks to PAN, this allows the significance of each blockchain to be measured on the basis of genuine usage.

About Bitpanda

Bitpanda’s founding members are digital currency enthusiasts since the emergence of Bitcoin. Back in 2013 it was difficult to buy digital currencies in Europe, which led them to their visionary idea of Bitpanda. Since then, has grown to become Europe’s leading retail broker for digital currencies, currently offering Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash and Ripple, and fully integrated EUR trading, including in-house-developed wallet solutions for all assets.

Pantos supporters: Pantos is being supported and advised by some of the most respected projects and people in the global blockchain space. For the full list you can check out or the Pantos Vision-paper.

You can find more information and a press kit on the official website

Media Contact
Location: Vienna, Austria

Visit the Website:
Read the Whitepaper:
Join on Facebook:
Follow onTwitter:
Subscribe on YouTube:
Chat on Telegram:

Pantos is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

Contact Info:
Name: Pantos
Organization: Pantos

For more information, please visit

Source: MarketersMedia

Release ID: 314208

Latest News

Zuckerberg asked to testify in UK; data firm's CEO suspended

Mar 20, 2018

LONDON — A British parliamentary committee on Tuesday summoned Facebook CEO Mark Zuckerberg to answer questions as authorities stepped up efforts to determine if the personal data of social-media users has been used improperly to influence elections. The request comes amid allegations that a data-mining firm based in the U.K. used information from more than 50 million Facebook accounts to help Donald Trump win the 2016 presidential election. The company, Cambridge Analytica, has denied wrongdoing. However, the firm's board of directions announced Tuesday evening that it had suspended CEO Alexander Nix pending an independent investigation of his actions. Nix made...

The Latest: Cambridge Analytica suspends CEO pending probe

Mar 20, 2018

LONDON — The Latest on the alleged use of personal Facebook data by political consulting firm Cambridge Analytica (all times local): 7:05 p.m. The board of Cambridge Analytica says it has suspended CEO Alexander Nix pending a full independent investigation of his actions. The board cited comments Nix made to an undercover reporter for Britain's Channel 4 News and other allegations of wrongdoing for its action Tuesday. It said his comments "do not represent the values or operations of the firm and his suspension reflects the seriousness with which we view the violation." The board said in an announcement posted...

Spring-themed cake for Prince Harry, Meghan's spring wedding

Mar 20, 2018

LONDON — Lemon, elderflower, fresh flower decorations: The cake for Prince Harry and Meghan Markle's May wedding will be appropriately spring-themed. Kensington Palace said Tuesday the royal wedding cake will be a lemon elderflower concoction incorporating "the bright flavors of spring." It'll be covered with buttercream, and adorned with fresh flowers. Look for a hint of California too — the designated pastry chef Claire Ptak was raised in California and worked as a pastry chef under the celebrated Alice Waters at Chez Panisse in Berkeley. Ptak now runs Violet Bakery in London. The palace says the couple are "very much...

Eddie Redmayne announces birth of second child, a boy

Mar 20, 2018

LONDON — Oscar winner Eddie Redmayne and his wife have announced the birth of their second child, a boy. Luke Richard Bagshawe Redmayne was born March 10. He joins his 21-month-old sister Iris Mary. The 36-year-old in February told ABC's "Live with Kelly and Ryan" that he and his wife, Hannah, did not know the sex of their babies before birth. Redmayne won an Oscar for portraying Stephen Hawking in the 2014 film "The Theory of Everything." He also appeared in the 2016 Harry Potter prequel "Fantastic Beasts and Where to Find Them."

At least 13 hurt after car rams into nightclub in Britain

Mar 20, 2018

LONDON — British police say a man who had been kicked out of a nightclub rammed his car into revelers on a dance floor, injuring at least 13 people. The Kent Police force says the 21-year-old has been arrested on suspicion of attempted murder over Saturday's crash in Gravesend, 30 miles (48 kilometers) southeast of London. Police say they are not treating the incident as terrorism. Footage posted on social media showed a large car on a dance floor inside a marquee tent at Blake's nightclub. On Facebook, the club thanked "the heroic actions of our door team and guests...

Sign up now!