The Multichain Token Creator has been made available to the general public, according to Pantos, a Multichain Token System developed by the team of Bitpanda. It is a user-friendly online application built on top of the Pantos Digital Asset Standard (PANDAS) that enables users to configure and deploy their own multichain tokens. Developers can also obtain the contract code and customize their base token to add custom features.
With the help of the Multichain Token Creator, projects may quickly and easily launch on other blockchain networks, expanding their audience and opening up new prospects for both the community and the projects themselves. There is no longer a requirement to restrict developers, users, and their assets to a single chain.
Marius Ciortan, the Director of Product Engineering at Pantos said: “Our Multichain Token Creator is a defining innovation in the blockchain space, offering developers and projects an effortless way to adopt a revolutionary multichain token standard that drives unparalleled cross-chain collaboration and opens up endless possibilities for the future of decentralized technology.”
The Token Creator allows developers to launch their tokens in just a few minutes by drastically reducing the time and complexity of creating multichain assets. The improved accessibility of native multichain assets made possible by the simple token creation procedure will, on the other hand, result in a smoother multichain experience for users.
The Token Creator will be made available to the general public for the first time by Pantos during Super Demo at the forthcoming EDCON conference, which will take place in Montenegro from May 19–23. The Pantos Digital Asset Standard (PANDAS) will also be unveiled during the occasion. A forum for entrepreneurs or initiatives supporting the growth of Ethereum technology and its ecosystem is offered by the EDCON Super Demo. The Super Demo begins on May 19th, the opening day of the conference, and ends on May 22nd.
In order to create an open standard for genuinely decentralized multichain token transfers and blockchain interoperability, Bitpanda launched Pantos in 2018 as an internal research project in conjunction with TU Wien (Austria) and later also TU Hamburg (Germany). It makes it simple for users and developers to send tokens, wrap native currency from supported chains, and quickly generate and deploy native multichain tokens.
On the testnet, Pantos presently supports seven chains: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo, and Fantom. It also has ambitions to gradually incorporate other EVM and non-EVM networks. Pantos received the ‘Best Business Model’ honor at the Austrian Blockchain Award Gala earlier this month.