In the crypto industry, looking for projects that are in their early stages can be a really smart move. This gives you the opportunity to become an early member and capitalise on the project’s gains in the future. At Crypto Bulls Club we have introduced and discussed many such projects that have gone on to become impressive successes.

Another new project that still is in the very early stages is the Pantos Testnet. In this article, we will talk about this platform and discuss whether or not it could be useful to you.

Pantos testnet

What is Pantos Testnet

Pantos is a project that has been established to function as a token system that works on multi chain principles. What this does is that it allows for coins to work on several blockchain networks while also being transferable freely. This is a great addition since it lets the true potential of virtual assets come through. Pantos has already received a massive funding of around 5 million dollars and has the potential to become big in the future.

Bitpanda, which is amongst the top Financial Technology firms in Europe, is responsible for the creation of the platform. The code of the entire project is open source and can be accessed on GitHub. Pantos is making efforts to establish a community centred platform that pushes forward the agenda of letting networks cooperate for the greater good of the industry.

Pantos Team and Partnerships

The team behind Pantos comes with a lot of knowledge and experience. Along with the experience and wisdom lent by Bitpanda, the other team members have made it possible to turn their vision into a reality.

The list of entities that Pantos has partnered with a relatively long and brings a sense of credibility to the projects. Pantos has had both research and strategic partners to help it in its journey. They published in the user docs that “Commercial & academic partnerships are crucial for the long-term success and adoption of the technology. Since the introduction of Pantos, we have always carefully selected our partners and focused on the long-term positioning of the project”.

Who is in the team behind Pantos

This team includes:

  • Eric Demuth, Chief Executive Officer
  • Paul Klanschek, Chief Executive Officer
  • Christian Trummer, Chief Technology Officer
  • Lukas Enzersdorfer-Konrad, Chief Product Officer
  • Marius Ciortan, Director of Engineering
  • Markus Levonyak, Lead Developer
  • Cosmin Cazac, Lead Frontend Developer
  • Marsel Nenaj, Head of Communication
  • Luis Hauenstein, Technical Product Owner
  • Jacek Varky, Senior Blockchain Developer
  • Danut Ilisei, Blockchain Developer
  • Marko Samardzic, QA Engineer
  • Denys Arkhipenko, Frontend Developer
  • Léon Marino, Business Partnerships

You can learn more about all these team members on their website: Meet the team · Pantos

Who are the Academic partners of Pantos

The partnerships are as follows

Who are the Commercial Partners of Pantos

  • Raiffeisen Bank International; a corporate and investment bank that is based of off Austria and also functions in Central and Eastern Europe (CEE). They have around 12 Subsidiary Banks in the CEE area, approximately 1,000 Awards given by Various Financial Magazines, and more than 17 Million Customers
  • Austrian Blockchain Center GmbH; started in 2019 and aims at becoming an efficient resource and the go to research centre in their expertise sectors, varying form from Financial Services to Manufacturing

What are the features of the platform

The Applications

Pantos provides users with several functions that they can use to their benefit. Some of these applications include

  • Pantos enables the transferring of various fungible tokens across different networks
  • It allows users to transfer Non Funglible Tokens (NFTs) at a much lower price and across various chains
  • It provides for the development of several decentralised finance applications and helps to bring them across many blockchains
  • Pantos gives users the power of Future-proof tokenisation

The Chains supported

The chains supported by Pantos include

  • Ethereum
  • BNB Chain
  • Avalanche
  • Polygon
  • Cronos
  • Celo
  • Fantom

How to interact with the Testent

Since Pantos is a new project, it has a long Roadmap set for itself. The bridge has been one of the first launches by the platform. In this section, we will give you step by step instructions on how to interact with the platform and also the conditions you need to fulfil before that.

What are the Prerequisites

The first thing you must do before you start interacting is to set up your wallet. You must have a meta mask wallet with you. Now you just have to set up the Goerli network on it and request funds. Using the following links to faucets that we have provided you can easily get your funds.

  • One option is to get the Goerli ETH from the Goerli Faucet
  • You then must even visit the Pantos Faucet, select any blockchain from the seven options, enter your wallet address and request some funds.
  • After you have set up your wallet, you must connect it to the Pantos Testnet

Step by step Guide on How to Wrap tokens

Now let’s get into how you can interact with the testnet. The first thing you can do is either wrap or unwrap tokens. To do so follow the given steps.

  1. Visit the Pantos Testnet using this website
  2. Click on the “Wrap” button under the “Wrap or Unwarp Tokens section
  3. In your Meta Mask wallet select the network from which you requested the funds earlier
  4. Under the token drop down select the token of the same blockchain
  5. Enter the amount of token you wish to wrap
  6. Click on “Wrap” now
  7. A pop up from Meta Mask will ask you to confirm the transaction
  8. Click on confirm after which within 10 seconds your tokens will be wrapped

You can do the same thing for unwrapping tokens. You will only have to select the unwrap section option.

Step by step Guide on How to Manage tokens

Another way to interact with the Pantos Testenet is by managing your tokens. To do so follow the given steps.

  1. Visit the Pantos Testnet using this website
  2. Click on “Manage Tokens
  3. Select the coin you wish to add and click on “Add to Metamask
  4. Now you can visit your Meta Mask wallet and see that the funds would have been added

Step by step Guide on How to Transfer tokens

Transferring tokens is a very easy way in which you can interact with Pantos. To do so follow the given steps.

  • Visit the Pantos Testnet using this website
  • Under the “Transfer Tokens” section click on the “Transfer” button.
  • In the blockchain dropdown, select the blockchain you want funds to be transferred from and the blockchain you want the funds to be sent to.
  • In the destination address part you can either add some other address or the same as sending address
  • You can then select the bid you want to make
  • Under the Asset section, select the token you wish to send and the amount of that token.
  • Now click on transfer and approve the transaction in the wallet pop up
  • After this, your transfer will be initiated and completed in approximately 15-20 minutes

Also Read

To conclude

Getting involved with a new project from the very beginning is an amazing way in which you can solidify your position in the industry. By interacting with the testnet so early on, you can increase your chances of earning huge profits significantly. In fact, by doing so, you can also be eligible for multiple rewards if the possibility of an airdrop or token giveaway ever comes up. The best part is that for all of it, you don’t need to invest a lot of capital and don’t even require to spend a lot of time. All in all, this is a lucrative opportunity that you must make the most of.