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You can now withdraw PAN to any other ERC20 compatible wallet or platform, send it to other Bitpanda users for free or deposit PAN back to your Bitpanda account.

The Pantos Technology ICO was announced on the 7th of March 2018 and it started just two weeks later, on March 21st 2018. After 48 hours we reached 20 percent of our hard cap. On the 17th of April 2018 the Pantos Technology ICO ended successfully with 616 BTC contributed. 7,821 unique participants took part in the Pantos Technology ICO. Additionally, over 30,000 users claimed the free Airdrop.

The first step was for us to distribute PAN tokens to our community. 7,821 unique participants took part in the Pantos Technology ICO and were credited PAN according to how much in BTC equivalent they participated. 10 Million PAN tokens were overall available for the airdrop.. These PAN tokens were successfully credited to 30,303 users who claimed the free Airdrop, equalling 330 PAN per user. The price of one PAN token was roughly 0,01 Euro at distribution.

The research phase kicked off immediately after the end of the Pantos Technology ICO. On May 30th we published the first TAST Technical White Paper. In this paper, we explored which blockchains and technologies are suitable for it. In addition we identified the research goals and challenges. On August 30th we published the second TAST Technical White Paper. Its main goal was to solve the cross-chain proof problem. To solve this problem, we described the concept of claim-first transactions. We also highlight various challenges in implementing claim-first transaction and propose mitigation strategies.

While working on the scientific aspect of TAST, the Pantos project also started working on the prototyping of the technology. In accordance to our scientific findings we started working on a pull-based cross-chain token transfer protocol called PXTT. The PXTT protocol will allow the transfer of tokens across blockchains, given certain smart contract capabilities. These transfers are currently decentralized to a high degree, i.e., only certain special cases require a central authority. In the long term goal of TAST, we would like to reduce the requirements of these transfers to the blockchain capabilities, and decentralize this process completely.

PAN trading (buying and selling) successfully started on July 26th 2018 on Bitpanda. Users who participated in the Technology ICO were then able to freely sell their PAN or buy more of them. Users, who missed the Technology ICO, were then able to buy or sell PAN.

The above chart shows that since trading integration started on July 26th PAN was able to hold its value after an initial surge. The ICO price was roughly 0,01 Euro, shortly after trading start an all time high was reached at around 0,0668 Euro. The lowest price so far was 0,0276 Euro. So even if particpants of the ICO sold at this point they would still have a price increase of x2,76.

After extensive testing, we are happy to announce that PAN is now an ERC20 token, which can freely be withdrawn or deposited to Bitpanda and any other ERC20 compatible wallet or platform. As described in the first TAST Technical White Paper, we evaluated that Ethereum will be the first blockchain on which PAN will run. Thus, in its first iteration PAN is now an ERC20 token.

The next steps for the Pantos project include:

Work has started on the third out of four TAST Technical White Papers. The core contributiong of the third Technical White Paper will be describing the refinement of the PXTT protocol, removing the necessity for a dedicated reward currency used in cross-blockchain token transfers. The fourth Technical White Paper is planned to provide a proof of concept for these transfers, summarize the findings within TAST to date, and describe the steps necessary for applying the found techniques to live blockchains.

Based on our scientific findings we will evaluate on which blockchain PAN will be integrated after the Ethereum blockchain. We will communicate updates on this matter in future blog posts.

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:

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