Advertisement
Singapore markets open in 8 hours 13 minutes

  • Straits Times Index

    3,439.88
    +24.37 (+0.71%)
     

  • S&P 500

    5,537.02
    +28.01 (+0.51%)
     

  • Dow

    39,308.00
    -23.90 (-0.06%)
     

  • Nasdaq

    18,188.30
    +159.54 (+0.88%)
     

  • Bitcoin USD

    58,085.76
    -2,294.18 (-3.80%)
     

  • CMC Crypto 200

    1,209.10
    -52.09 (-4.13%)
     

  • FTSE 100

    8,241.26
    +70.14 (+0.86%)
     

  • Gold

    2,369.40
    0.00 (0.00%)
     

  • Crude Oil

    84.00
    +0.12 (+0.14%)
     

  • 10-Yr Bond

    4.3550
    0.0000 (0.00%)
     

  • Nikkei

    40,913.65
    +332.89 (+0.82%)
     

  • Hang Seng

    18,028.28
    +49.71 (+0.28%)
     

  • FTSE Bursa Malaysia

    1,616.75
    +1.43 (+0.09%)
     

  • Jakarta Composite Index

    7,220.89
    +24.13 (+0.34%)
     

  • PSE Index

    6,507.49
    +57.46 (+0.89%)
     

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

Bradley Keoun
Updated ·1-min read

Join the most important conversation in crypto and web3! Secure your seat today

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.