Pantos AMA Session With BeInCrypto

Pantos AMA Session With BeInCrypto



Hi Everyone! Welcome to a different BeInCrypto AMA Session!

Today we welcome Marsel Nenaj (@max_pantos) who’s Head of Communications at Pantos.

COMMUNITY: Here is how issues will work. I’ll have 10 questions for him. After that, our chat will probably be open so that you can drop your questions in order that he can choose up 5 out of all of the questions you requested. Good luck to you all!

Let’s get began >>

I wish to ask you one thing common to kick issues off, so please present some private background in addition to some references you guys checked out earlier than creating Pantos.

Hey everybody, thanks for having me at the moment. Let me shortly introduce myself; I joined Bitpanda in 2020 after being a part of the group for over two years and being energetic as a moderator. Initially, I used to be accountable for the group administration at Bitpanda and constructed up the group crew from scratch. Last yr I joined the Pantos crew full-time to assist with the go-to-market. 
Now, a fast introduction to Pantos. The mission began in 2018 as R&D in collaboration with TU Wien and later TU Hamburg, two of the very best universities in Europe. In the previous few years, we now have labored on a number of approaches to attain blockchain interoperability and launched numerous prototypes demonstrating our resaltfinsults. The product is refined primarily based on all our analysis insights and is extremely optimized to be as safe as attainable.

Is Pantos appropriate for all ranges of crypto fanatics (from newbies to knowledgeable guys)? 

Yes, the online app has been designed to be intuitive and simple to make use of. Our web site additionally offers detailed consumer documentation in case there are any open questions. However, the suggestions we now have obtained up to now has been overwhelmingly constructive. We are at the moment engaged on extra superior options and instruments for extra superior customers and builders, just like the Multichain Token Creator, which will probably be as straightforward to make use of as our net app and allow anybody to create multichain property inside minutes. The launch is deliberate for Q2 this yr.

Amazing. On high of that, you name yourselves a ‘multi-blockchain token system’. Can you please briefly describe how you intend to ascertain the primary true token system like that?

With our Public Beta, we additionally introduced PANDAS, our Multichain Token Standard. (Pantos Digital Asset Standard) It is one in every of our initiatives to advertise blockchain interoperability, making adopting blockchain expertise tremendously simpler. We eradicate the necessity to resolve on a single blockchain or rely on a bridge. With Pantos, you may get easy-to-implement multi chain capabilities for any token. 

Would you thoughts speaking somewhat bit extra about some killer options we are able to see within the Pantos ecosystem? Maybe these sources that basically make you stand out!

I personally suppose what makes Pantos actually particular may be described in only one phrase: Security. We have been round since 2018 and our analysis efforts have been great, we now have printed dozens of analysis papers on interoperability and carefully adopted the progress of the business. Last yr it grew to become clear that, many tasks rushed into the market with out correctly testing their resolution, which resulted in large hacks. We by no means needed to make the identical mistake and have put our efforts into going by many approaches and take a look at them for feasibility. But Security alone just isn’t sufficient, after all it must be handy for customers and much more importantly it must empower builders to construct on it. So that is what we now have been focusing rather a lot. What we now have at the moment, is a refined and complicated resolution, that’s dependable and strong. Furthermore, we’re difficult at the moment’s dapps by introducing a vastly extra consumer pleasant interface than most bridges on the market. But don’t take my phrase, attempt it your self and tell us you suppose. 

Fine! I believe we are able to already attempt the BETA, proper? What are among the obtainable choices at this second (when it comes to in-app actions)?

The beta already affords all of the core capabilities of the protocol, in a extremely optimized and tremendous straightforward to make use of webapp. So after all you possibly can ship PAN, and different supported tokens throughout any of the seven supported chains with straightforward. We have labored with a specialised UX company to create a next-level expertise for customers. We additionally provide the chance to wrap present tokens to a multichain asset, so to take pleasure in the identical flexibility additionally in your ETH or BNB. And within the close to future we are going to allow this selection for any arbitrary token, so it is possible for you to to wrap any token to a multichain token.

Great. Now it’s time to study partnerships since they’re an important a part of the entire technique for any mission. Can you please identify among the newest partnerships you guys made? What in regards to the significance of them and what do you anticipate to get from them aiming for Pantos’ development?

Of course, robust strategic partnerships are important for the success of the mission. We are actually fortunate to have two robust educational companions on board, specifically the TU Wien and TU Hamburg, which offer our crew with some invaluable sources. For instance, Matteo Maffei who is among the most renown blockchain safety researchers worldwide and a part of the Pantos crew. However, we’re additionally increasing to new companions within the DeFi house, particularly crypto tasks which need to make the most of the advantages of standardized and native multichain tokens, in addition to institutional prospects who need to tokenize actual world property.

That’s proper. It’s time to introduce your native token to our group! What do it’s a must to say about $PAN when it comes to tokenomics and the way does it suit your technique?

PAN performs an important position within the ecosystem. It acts as a common gasoline token for all chains so to pay for on-chain and cross-chain transactions with PAN. Furthermore, it’s required to deploy multichain tokens utilizing Pantos. Service and Validator Nodes additionally want to offer PAN to make sure secure transfers. The PAN token has numerous use instances throughout the community. However, not all tokenomics are set in stone but, as we’re nonetheless refining the system for the mainnet launch along with our analysis groups.

I guess a few of our members are interested by the right way to get some $PAN now 🙂So the place can our group purchase such tokens?

PAN can at the moment be traded on Bitpanda, Bitpanda Pro, HitBTC and since a few days there’s additionally a brand new Uniswap v3 pool (though it’s nonetheless fairly small and community-driven). 

What do fanatics/traders can anticipate relating to future plans? What do you keep in mind for Pantos within the subsequent few weeks or months?

For this yr, we are going to launch the Multichain Token Generator and publish the service node software program for everybody thinking about operating an occasion, alongside new options and chains. We are additionally engaged on extending our attain by becoming a member of forces with business companions.

Awesome, that’s it. I’m fairly positive we’ve lined all the principle matters at the moment. Could you please share all of the hyperlinks to your Social Media channels in order that our group can get to know Pantos a bit higher?

AUDIT and safety are necessary for belief and reliability for customers and traders. Did your mission audited? Can you share your outcomes?

We haven’t had our audits but, however a number of are deliberate earlier than the mainnet launch. As I discussed earlier, we even have Blockchain Security consultants in our analysis crew who assist us enhance the codebase and guarantee there aren’t any vulnerabilities within the protocol. Our future audit outcomes will probably be obtainable on the web site.

How many blockchains does your mission assist? What plans exist for integrating further blockchains?

We are at the moment supporting seven chains: Ethereum (Goerli), BNB Chain, Avalanche, Polygon, Fantom, Celo and Cronos. We will quickly combine Aurora and our crew can also be engaged on different non-evm chains which is able to probably be built-in later this yr.

Which area do you primarily give attention to? Do you’ve gotten a worldwide enlargement plan, do you propose to create robust communities?

Pantos is constructed round core crypto values. It goals to be decentralized, permissionless and open. As such, we would like Pantos to be obtainable to anybody worldwide. Through our efforts to create a extra seamless expertise for customers and builders throughout many chains, we expect we are able to make the entire house extra accessible. We have many plans for the upcoming weeks and months, so keep tuned you’ll hear rather a lot from us! 🙂

Disclaimer

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