Key takeaways
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Pantos has launched its Multichain Token Creator.
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The Multichain Token Creator will allow users to configure and deploy their own multichain tokens built on top of the Pantos Digital Asset Standard.
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The team will also launch the Pantos Digital Asset Standard (PANDAS) at the upcoming EDCON conference.
Pantos’s Multichain Token Creator goes live
Pantos, a Multichain Token System conceived by the team behind Bitpanda, announced the public release of the Multichain Token Creator on Wednesday, May 17th.
In a press release shared with Coinjournal, Pantos said its multichain token creator is an easy-to-use web app that allows users to configure and deploy their own multichain tokens built on top of the Pantos Digital Asset Standard (PANDAS).
In addition to that, developers have the opportunity to configure their base token and download the contract code to extend it with their custom functionality.
The team explained that the Multichain Token Creator makes it easy for projects to launch on multiple blockchain networks, increasing their reach without much effort and creating more opportunities for the community and the projects themselves. This implies that developers, users and their assets no longer have to be locked to a single chain.
While commenting on this latest cryptocurrency news, 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.”
Multichain Token Creator reduces complexity for developers
The Pantos team explained that the Token Creator is beneficial to developers because it reduces the time and complexity of developing multichain assets, enabling them to launch their tokens within minutes.
For users, the solution allows them to enjoy a smoother multichain experience thanks to the increased availability of native multichain assets through the easy token creation process.
The Pantos team said they would showcase the Token Creator to the public for the first time during Super Demo at the upcoming EDCON conference, to be held between May 19-23 in Montenegro. The team will also launch the Pantos Digital Asset Standard (PANDAS) at the event.
In February, Pantos launched the public beta of its Multichain Token System. Pantos has been around since 2018 and currently supports seven chains on testnet: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom. The project plans to integrate more EVM and non-EVM chains continuously.