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