Celebrate PAN’s third trading anniversary with us — we are giving away 50,000 PAN in total

Pantos
Pantos
Jul 27 · 5 min read

Read this article in German.

The 26th of July marks the three year anniversary since Pantos trading started on Bitpanda. To celebrate, we are organising a trading competition. All participants have the chance to win prizes from a prize pool of 50,000 PAN as well as exclusive Pantos merchandise.

Update (4th of August, 2021): All prizes have been credited directly to the winners’ PAN wallet on Bitpanda. Congratulations to all winners and thank you for participating!

Three years have gone by since we announced the Pantos Technology ICO on the 20th of March, 2018 where we ended up raising 616 BTC from 7,812 unique participants. So many milestones have been achieved since then: we have published ten TAST technical White papers, developed, released and improved the TAST research prototypes and entered into numerous partnerships and collaborations with leading universities and private companies alike. Let’s recap the last year together, but first, find out how you could win up to 10,000 PAN in our next trading competition.

Celebrate with us and win up to 10,000 PAN

We are giving away 50,000 PAN in total in this promotion. There are two ways that you could win:

  • Everyone who buys at least €25 worth of PAN between the 27th of July, 2021, at 12:00 pm (CET) and 3rd of August, 2021, at 11:59 am (CET) on Bitpanda (not Bitpanda Pro) will be eligible to win a prize of 4,000 PAN. 10 users will be randomly selected to win 4,000 PAN each.
  • Plus, the user with the highest aggregated amount of PAN purchased (multiple buys also count towards the total amount) between the 27th of July, 2021, at 12:00 pm (CET) and the 3rd of August, 2021, 11:59 am (CET) on Bitpanda (not Bitpanda Pro) will receive the prize of 10,000 PAN.

All the winners will be credited and will receive PAN directly on their wallet on Bitpanda. Bitpanda will strive to transfer the prize to the respective winners by the 10th of August, 2021. The applicable terms and conditions can be found here.

But, there is more. Besides giving away Pantos, we would also like to reward the community for their continuous support. Therefore, we will be giving away exclusive Pantos Merchandise to our Twitter followers and Telegram community. How can you participate? Join our Pantos telegram group and follow us on Twitter to be the first to know about the details.

Pantos project updates

As part of our White papers investigating the fundamentals of cross-chain communication, in September 2020, we presented you the tenth TAST technical white paper that introduced a framework which simplifies the development of cross-blockchain applications. It builds on our previous work of transferring information and value from one blockchain to another. Our solution enables cross-blockchain smart contract invocations between Ethereum-based blockchains with just two additional lines of code.

This makes it possible for developers of smart contracts to easily call smart contracts deployed on another blockchain, similarly to how they would call smart contracts deployed on the same blockchain. The framework in its current state can be considered a proof of concept. To provide a fully-fledged solution, several requirements considering the balance between costs, time and security still have to be explored in further detail.

Pantos partnerships

At the end of October 2020, Pantos entered into a partnership with Raiffeisen Bank International (RBI), a leading corporate and investment bank headquartered in Vienna, Austria. As one of the first steps, a proof of concept will be implemented on RBI Coin, an e-money solution developed by RBI, using Pantos technology.

This collaboration with Raiffeisen was built upon even further, by adding the Austrian Blockchain Center (ABC Research), one of the world’s largest blockchain competence centers. The aim here is to focus on the strategic effects and implications of Pantos’ technology, leading to a better understanding from a business perspective.

Another highlight of last year presented the inception of the Christian Doppler Laboratory, namely CDL-BOT. The laboratory was inaugurated by the Austrian Minister of Digital and Economic Affairs, Dr. Margarete Schramböck, and is being led by Professor Stefan Schulte. Together with our partners, TU Wien and the IOTA Foundation, and the support of the Austrian Federal Ministry for Digital and Economic Affairs and the Christian Doppler Forschungsgesellschaft, the research focus of the laboratory is on the Internet of Things (IoT), applications of Distributed Ledger Technologies (DLTs) and blockchain-interoperability.

Only recently, yet another milestone has been achieved: the successful expansion of CDL-BOT. With the Hamburg University of Technology (TUHH), another renowned university has officially joined CDL-BOT, bringing additional expertise and resources. Additionally, a long-standing colleague of Professor Stefan Schulte joined CDL-BOT, Professor Matteo Maffei. While the former now leads Module one “Cross-Blockchain Transactions” at TUHH, the latter leads Module two “Lightweight Blockchain Protocols” at TU Wien. With his excellent background in applied cryptography and security analysis, Professor Maffei also brings in additional expertise in a field highly relevant for the success of the laboratory.

Latest Pantos project updates, future outlook and next steps

In our most-recent project update, we presented a solution that utilises Pantos oracles to enable cross-blockchain token transfers. Additionally, we introduced a new concept called “Global Stake”. This adapted approach makes it possible to build on our fundamental research and further enhance the capabilities of the initial protocol by introducing a communication channel.

Most importantly, the latest project update also marks the point where we actively started developing a live prototype, smart contracts and node software to enable our vision of blockchain interaction. In a first stage, this will still include an authorised oracle to verify transactions from a different blockchain, but it will already allow nodes to contribute to the network by initiating, enacting and forwarding cross-chain transactions. Stay tuned for a pending update on the efficiency of blockchain oracles in August.

Pantos

The first multi-blockchain token system.