Pantos Announcements Official

Introducing Bitpanda Web3: your gateway to the future of the internet.

Web3 is the next evolution of the internet, but let’s face it—its complexity is holding it back. We’re here to change that.

BEST and Pantos will play a key role in Bitpanda Web3, bridging cutting-edge innovation with everyday simplicity to unlock the potential of Web3 for everyone.

What Pantos brings to Bitpanda Web3:

🔗 Effortless connectivity across blockchains

💼 Secure tokenization and transfers, including real-world assets

🚀 Scalable infrastructure for a decentralised, multichain future

As a pillar of Bitpanda Web3, Pantos is shaping a decentralised, user-friendly future built on innovation and security.

🌐 Learn more: https://blog.bitpanda.com/en/bitpanda-web3-your-gateway-future-internet

🛡️Security is the backbone of everything we’ve built at Pantos. Today, we’re taking it to the next level with the launch of the Pantos Bug Bounty Program on Immunefi. This is your opportunity to shape the future of multichain security.

We’re inviting the best and brightest security researchers, ethical hackers, and problem solvers to uncover vulnerabilities and help us fortify the Pantos ecosystem. Your skills can make an immediate impact.

Bounty Details 💰

Smart Contracts:
- Up to $200,000 for critical vulnerabilities
Websites & Applications:
- Up to $50,000 for critical vulnerabilities

Collaboration drives progress. By working together, we can strengthen the infrastructure that supports the next generation of multichain technology.
We’ve set the stage, now it’s your turn to shine. 💡

Here’s how you can get involved:
- Visit our Immunefi page: https://immunefi.com/bug-bounty/pantos/information/
- Review the scope and rules.
- Start testing and submit your findings.

🎉 Pantos #2 Audit Results – No Critical Issues Found!

We’re excited to announce that our second audit with Common Prefix confirmed no critical issues in our code as well. This thorough review of the on-chain components of Pantos validated that our code is secure and resilient.

Here’s what Common Prefix found and how we responded 👇

Common Prefix conducted a detailed audit using manual and automated methods to assess potential vulnerabilities in our key smart contracts, including the PantosHub, forwarder contracts, and token wrappers. The results confirmed that our code has no critical or high-severity issues, reinforcing the strength and reliability of our system.

A medium-severity finding was noted regarding the potential risk of token owners updating the forwarder address, which could impact transfer control. However, since the Pantos protocol requires user-signed requests for transactions, unauthorized control is already prevented. No changes were made, as this functionality is secure by design.

Key improvements based on audit recommendations included:

1️⃣ Replacing the .transfer() method with .call() to address potential gas limitations and improve protocol compatibility.

2️⃣ Locking the unbonding period during service node unregistration to prevent indefinite extensions, ensuring stability and predictability.

3️⃣ Implementing SafeERC20 in the wrap() function to handle non-standard token behaviour more effectively, maintaining seamless operation across different ERC-20 tokens.

The audit also provided informational findings, which led us to make documentation updates for enhanced transparency, such as clarifying role permissions and forwarder validations during token registration.

Some suggested changes were not implemented, as they were either unnecessary or would disrupt intended functionality. For example, a proposed check in _verifyTransferTo and an unused internal function were dismissed.

Overall, the second audit reinforced that our code is secure, with only minor optimizations required. Most recommendations were not security-critical, affirming our system’s robust design and readiness for real-world application.

As we move forward, we remain committed to continuous improvement and proactive security measures. Stay tuned for further updates on our journey!

Read the full audit report from Common Prefix here: https://www.commonprefix.com/clients/pantos

We know the future of the internet is onchain.

But right now, it’s a mess—too complex, too overwhelming, and without a standard.

We’re building the gateway to a new internet, powered by the combined strength of our token ecosystem.

See you soon…

💡We had an amazing time at #EBC2024 in Barcelona, sharing insights and connecting with the community.

Check out our blog for event highlights and what’s next for Pantos: https://blog.bitpanda.com/en/ebc-2024-recap-pantos-european-blockchain-convention-barcelona

🎉 Pantos Audit Results – No Critical Issues Found!

We’re excited to announce that our recent security audit with Softstack (formerly known as Chainsulting) confirmed no critical issues in our systems! The audit covered our service & validator nodes as well as smart contracts, validating that our code is secure.

Let's take a closer look at the findings 👇

🔍 Key Findings

Softstack used both manual review and automated tools to thoroughly assess our code, looking for vulnerabilities and potential improvements. The audit confirmed our architecture works securely as designed, with most suggestions requiring no changes.

The audit initially flagged a high severity finding related to the absence of a slashing mechanism in our staking system. However, this was a misunderstanding – service nodes can at most delay transfers, with no risk of real harm.
Therefore, we renamed the service node stake to ‘deposit’ to avoid future misunderstandings. This terminology better reflects its purpose within our system. No changes to our functionality or security were necessary.

🛠️ Two Main Takeaways from the Audit

Of the suggestions provided, two stood out as key improvements we implemented immediately:

1️⃣ Unbounded Loops in Token/Node Unregistration

2️⃣ Immediate Parameter Changes Pose Risk of System Instability

🔧 Unbounded Loops in Token/Node Unregistration:
Softstack highlighted that unregistration could lead to higher gas fees and delays due to inefficiencies. We’ve optimized this to improve performance and reduce costs for users.

🔧 Immediate Parameter Changes and System Stability:
This finding noted that certain parameter changes could destabilize the system if applied suddenly. We made adjustments to prevent any potential instability, ensuring smooth operations.

All other audit suggestions were smaller optimizations that did not impact security. Our system design already handled these efficiently, so only minor tweaks were needed where useful. We’re pleased to say this first round confirmed Pantos’ security. It’s a strong foundation as we move forward, and we’ll keep optimizing based on audit feedback and upcoming stress tests and pen testing.

🛡️Security first
This audit affirmed our commitment to security. Soon, the results from our second audit will be available, providing even more valuable insights into our security approach and the robustness of our protocol and components.

To read the full reports from Softstack and dive into all the findings, check them out here:
- Nodes Audit: https://github.com/softstack/Smart-Contract-Security-Audits/blob/master/Pantos/Softstack_Node_Security_Audit_Pantos_Core_21102024.pdf
- Smart Contracts Audit: https://github.com/softstack/Smart-Contract-Security-Audits/blob/master/Pantos/Softstack_Smart_Contract_Audit_Pantos_Core_21102024.pdf

Catch our Engineering Manager Juan at the European Blockchain Convention 2024 discussing Infrastructure Interoperability & Multichain Networks!

Hear insights on security and real-world adoption shaping cross-chain connectivity. 🎥✨

Watch now: https://www.youtube.com/watch?v=Q1jq1daOLxo

Our Q3 Pantos Token Report & Financial Overview is here! As we approach the mainnet launch, we’re proud to share our strong financial position and the strategic planning that’s setting us up for what's next!

As part of the Bitpanda ecosystem, Pantos benefits from a shared vision and continuous support. Together with academic research, this has enabled us to focus on building a secure, reliable solution for blockchain interoperability.

From our 2018 ICO, we raised approximately €4M in crypto assets, and through strategic management, our portfolio has grown to €21M. This puts us in a strong position to support our upcoming initiatives and continued development.

As of October 2024, the circulating supply is 568.9M PAN, an increase of 11.5M PAN from Q2. Most of this is currently held on Bitpanda, but with our upcoming token migration and exchange listings, we expect to see a broader distribution outside of Bitpanda.

With a solid financial foundation, support from Bitpanda, and a dedicated community, we’re ready for the next phase.

Read the complete Q3 Report here: https://medium.com/pantos/3e0865bf3872

🎥 Last week, we met two amazing community members in Barcelona and recorded a great session!

Join Leon, Dom & Patrick as they chat about the Bitpanda event and the upcoming #Pantos mainnet launch!

Watch now👉 https://youtu.be/Dt2BsnRfKFo

🚨 ICYMI: Catch the recording of our first Pantos Office Stream, kicking off our regular live stream series!

🎥 We’ll be diving into the hottest and most important topics at Pantos.

Don’t miss out and watch now! 👉https://www.youtube.com/watch?v=GYfk2Oic8ds

We are thrilled to share that our paper, "Blockchain-Based Federated Learning Utilizing Zero-Knowledge Proofs for Verifiable Training and Aggregation," has been honored with the Best Paper Award at IEEE Blockchain 2024! 🏆

Congratulations to our incredible research team: Elmira Ebrahimi, Michael Sober, Anh-Tu Hoang, Can Umut Ileri, William Sanders, and Stefan Schulte!

Read more: https://x.com/PantosIO/status/1828384052996419729

🌞 Summer Recap anyone? We've been busy at Pantos, gearing up for the big mainnet launch later this year! 🚀

Catch up on all the latest developments and what's coming next.

Watch the full video now: https://youtu.be/UCROhbjh1Ew

📄 Our Q2 Financial Overview & Token Insights report is here! https://medium.com/pantos/q2-pantos-financial-overview-token-insights-673d066f9e1d

Check out the latest updates on our financial standing, token distributions, and key developments. Stay informed on Pantos' journey and future plans.

Pantos Summer Dev Update ☀️

This summer, we're working hard to strengthen our platform for the mainnet launch. Here's what's new:

🔧 CI/CD Enhancements: We’ve strengthened our continuous integration and deployment pipelines, ensuring smoother updates and secure deployments.

🐳 Docker Compose: Streamlined Service Nodes setups make deployment faster and more consistent.

🔎 Health Monitoring: Service Nodes now check the health of blockchain providers, adding extra reliability.

🔐 Multisig Implementation: We’ve implemented validator multisignatures for enhanced security during the initial phase, providing robust protection as we gear up for launch.

📃 Audit Results: The first audit results for our smart contracts are in, and we’re happy to report no critical issues. While there were some suggestions from the auditors, we are confident in our system’s security and have started implementing the corresponding tests that demonstrate our system capabilities.

🧪 Enhanced Testing Protocols: We’ve introduced comprehensive testing protocols. Every change in our source repo triggers full end-to-end testing, ensuring our platform’s reliability and readiness for our community.

🎉 WE ARE GIVING AWAY 600,000 PAN TO 100 LUCKY WINNERS! 🎉

Celebrate Pantos' 6th Anniversary with us and win big! 🎁

Take the Pantos Quiz Story and buy at least €50 worth of PAN on Bitpanda from July 26th to August 26th. Don't miss our biggest giveaway yet!

Read more: medium.com/@PantosIO/7166349a01e0

💡 Pantos May Development Insights

Let’s reflect on Pantos’ progress in May. We transitioned to fully open-source development, ensuring full transparency in our work. No more code snapshots - ongoing PRs and community contributions are now openly accessible, enhancing collaborative efforts.

We’ve made substantial enhancements to our Continuous Integration (CI) systems. These improvements automate testing, compile metrics, and flag security issues promptly, ensuring Pantos remains a secure and robust platform.

A major development in May was our adoption of the modular ERC-2535 standard for smart contracts, also known as Diamonds. This approach allows for multiple logical contracts to function as a single contract, addressing the code size limits set by EIP-170 and significantly enhancing flexibility and upgradability.

These initiatives are crucial as we prepare for the upcoming mainnet launch of Pantos. Each advancement brings us closer to a more transparent, secure, and community-driven ecosystem.

🌟 Development Update! We've just deployed a new version of our smart contracts on supported testnets and released Version 1.6 of our service node on GitHub!

🔧 Smart Contracts: We introduced support for multiple validators in the Pantos Forwarder, a crucial step toward decentralization. While we’re starting with a single validator to ensure optimal security and stability, we are fully committed to decentralizing in the future.

🛠️ Service Node 1.6 Released: Version 1.6 improves the adaptability and management of our service node, integrating Minideb and pyenv-yaml. These changes enhance flexibility across various environments and pave the way for future updates: https://github.com/pantos-io/servicenode/releases/tag/1.6.0

Today marks a pivotal moment as we reinforce our commitment to transparency - we're introducing quarterly reports starting with:

📘 Pantos Token Report (Q1 2024) - Detailed Analysis of Token Distribution and Strategic Vision: https://medium.com/@PantosIO/e5ac0612dbb4

📙 ICO Funds Overview (Q1 2024) - Financial Overview & Current Position: https://medium.com/@PantosIO/52613bbccd14

🎉 We're excited to announce the release of our Smart Contracts on GitHub, a key milestone as we prepare for our mainnet launch later this year.

Check them out here: https://github.com/pantos-io/ethereum-contracts

⚙️ This release also marks our recent switch to Foundry, leveraging its superior testing capabilities and efficiency to enhance our smart contracts. While this transition significantly bolsters our development process, minor optimizations are still on the horizon.

🤝 Your voice matters as we gear up for the mainnet! Dive into our latest work and let us know what you think. Together, we're not just building another bridge - we're crafting the future of blockchain interoperability.

🚀 You asked for it, and here it is! We're delighted to unveil the new roadmap for 2024.

From smart contract releases to mainnet launch, we're setting the stage for an innovative year.

Dive in, explore, and join us on this exciting journey: https://pantos.io/en/roadmap

📢 We're thrilled to announce the release of the Pantos Service Node! 🚀 Explore the future of blockchain interoperability with us.

Read more: https://medium.com/@PantosIO/the-pantos-service-node-a-critical-step-towards-mainnet-launch-part-1-c8cbddd43e1b

What keeps Leon going everyday and what are the key challenges of 2024? Find out in our newest video!

Meet Luis!

We’re thrilled to share that we’re starting the open-sourcing of our code today. This marks a key milestone in fostering a more transparent and collaborative environment within our community. ✨🌐

The initial release is a snapshot of our current codebase. It’s important to understand that this version doesn’t include the developmental history. Consider it a starting point for what’s next in our collaborative journey. 🚀

Here’s what we’re rolling out first:

- Client Library: https://github.com/pantos-io/client-library

- Common: https://github.com/pantos-io/common

- CLI Client: https://github.com/pantos-io/client-cli

These are the fundamental elements of the Pantos ecosystem, crucial for both our current operations and future innovations.

Looking ahead, our approach to open source is set to become even more interactive and community-focused. You’ll get to witness our development process unfold live and play a role in shaping it with your contributions and feedback. It’s all about creating together! 🤝💡

🎄🐼 It's time to celebrate our Panda Mentors!

We've been blown away by the enthusiasm, showcasing once again the incredible collective spirit of our community. With so many amazing candidates, we decided to honor not just 5, but 10 individuals!

🥳 Congratulations to all our Panda Mentors! Your remarkable dedication and leadership have been instrumental in shaping the Pantos community. Each of you brings something unique and valuable, driving innovation and collaboration.

📣 To our newly recognized Panda Mentors: Please reach out to us via Twitter DM to claim your 10.000 PAN reward. Your efforts have not only contributed to the growth of Pantos but have also inspired your fellow community members. We're thrilled to celebrate your achievements!

🎄🌟 As the holiday season unfolds, we want to use this opportunity to honor the exceptional individuals in our community - our Panda Mentors - those remarkable individuals who inspire, lead, and support us all.

📢 Your voice matters! Nominate up to 5 people who you think are true Panda Mentors. Who in our community has made a meaningful impact with their support and innovation? Let's applaud their efforts and share their inspiring stories.

🎉 Plus, we're excited to announce an upcoming raffle for everyone, to take Pantos beyond Bitpanda and deeper into the DeFi space. Prepare for an amazing chance to win PAN. More details about this promotion will be unveiled in the coming days, so stay tuned!