Pantos Technology ICO ended successfully and raised 616 BTC

Thank you for your support! Participants in the Pantos Technology ICO contributed 616 BTC during the 4 week long ICO phase.

We really appreciate your support and would like to thank you.

7,821 unique participants took part in the Pantos Technology ICO on Bitpanda.com, contributing six different digital currencies which are supported by the platform. In total Bitpanda users contributed 322 BTC, 2,779 LTC, 2,482 ETH, 257 DASH, 694,876 XRP and 181 BCH.

“The Pantos project lives through a wide distribution, and with 7,821 Pantos Technology ICO participants and over 30,000 users who have claimed the Airdrop we are on track to ensure that”, says Bitpanda co-founder and CEO Eric Demuth.

• PAN Token Distribution

The first step is to distribute PAN tokens to our community. The amount of PAN each participant in the Pantos Technology ICO gets was calculated at the end of the ICO, using a distribution formula which can be found in the ICO Details document. Bitpanda users who claimed the Airdrop get PAN according to how many people claimed it. You can find your PAN balance directly in your corresponding Bitpanda.com wallet.

• Start with Research and Development

Together with our scientific research partners and strong industry contacts we will put together a dedicated team for Pantos over the next weeks. Our goal is to start research and development on a working solution for TAST as soon as possible.

After the initial steps have been taken, the Pantos project will commence as outlined in the Road Map available in the Pantos Visionpaper document. These steps include:

• Growing the Pantos Community

Blockchain projects Lisk, Waves, Komodo and NEM have already partnered up with Pantos. Scientific partners like RIAT, TU Wien and exploration space @ ÖAW will ensure cutting edge scientific support and know-how. In the meantime we are actively looking for further collaborations and partnerships. Institutional involvement in Pantos has tangible benefits, such as direct influence on key design parameters and decision-making processes. Plus collaborators are incentivised through additional positive public exposure in connection with a community-driven, open-source project that benefits the entire crypto ecosystem. Finally, a partnership within the Pantos project will be rewarded with listing of their digital currency on Bitpanda.com.

• Phase One: Proof of Concept and Interim Solution

Truly decentralised protocols such as Bitcoin are still in their infancy. Our vision — the decentralisation of cross-chain transfers — is, like Bitcoin itself, an ambitious one, requiring technologies that are at this stage theoretically possible, but lacking implementation. Yet it is possible for us to provide an initial, centralised proof of concept, providing a platform on which the later goal of decentralisation can be accomplished. Therefore, the first version of Pantos will be an interim solution, with the existing Bitpanda.com platform serving as the key connecting piece of technology between blockchains. In this way, we can demonstrate to our users soon after launch, how fast PAN can be transferred between blockchains.

• Phase Two: Automation

After the rollout of a proof-of-concept implementation in Phase 1, we will shift our focus to automation. Thanks to the development of a dedicated, open-source Pantos API, users will no longer be bound to any specific interface, and will therefore be able to perform systematic (algorithmic) trading. This way, while still able to utilise the Bitpanda platform, adopters will also have the flexibility to design and implement their own trading UXs/UI’s for automatic transfers between blockchains, while the settlement continues to run via the Bitpanda platform. This phase allows users to program trading bots to perform automated arbitrage.

• Phase Three: Decentralisation

In the third and final phase, Pantos will represent a critical advancement in the blockchain technology. Expectedly, it will function as a fully decentralised multi-blockchain token system, and as a de facto open-source standard for cross-chain token transfers. The complete technical specifications for the system will be published in peer-reviewed, open-source research papers, and as a publicly accessible Visionpaper. In short, similar to a decentralised autonomous counterparty organisation, PAN tokens will interact via various distributed smart contracts to facilitate trades. Users will be able to meet and exchange PAN tokens directly between blockchains with no centralised party involved.

As the first multi-blockchain token system, Pantos aims to bring blockchain projects closer together, improve communication between developers, researchers and users, and set innovative standards for cross-chain token transfers.

The goal is to serve as a lighthouse project in an increasingly fragmented blockchain space. With multiple blockchains serving all kinds of different purposes, Pantos is seeking to allow these projects to talk to one another in a standardised way. This will speed up innovation by creating a link between blockchains which then can scale together.

To get the latest news on the progress of the Pantos project you can follow our official channels:

• Facebook: facebook.com/PantosIO
• Twitter twitter.com/PantosIO
• Reddit: reddit.com/r/Pantos
• Telegram https://t.me/PantosIO
• LinkedIn: linkedin.com/company/Pantos_IO