PROS Description
Overview
Pharos (PROS) is the native token of Pharos, a standalone Layer-1 blockchain called the "Pacific Ocean Mainnet," which launched on April 28, 2026.
The network is a modular, high-performance Layer-1 supporting both EVM and WASM virtual machines, with parallel transaction execution enabling high throughput and fast finality. PROS functions as the chain's native gas, staking, and governance asset rather than a token issued on another blockchain.
Value Proposition
Pharos differentiates itself by combining high-throughput infrastructure with a dedicated focus on real-world-asset (RWA) tokenization, supported by a strategic partnership with Ant Digital Technologies for institutional integration.
Its prior testnet reportedly processed more than 4.3 billion transactions across 209 million wallets in under a year, and the mainnet launched with more than 50 decentralized applications already live. Products such as the Axil Prime Vault extend this RWA focus into onchain private credit. PROS captures this activity as the fee and staking asset securing the network these applications run on.
Token Basics
PROS is both a utility and governance token: it pays transaction fees, secures the network through staking, and lets holders vote on protocol decisions.
- Utility: pays gas fees for transactions on the Pharos L1
- Staking: used to help secure the network under its BFT consensus mechanism
- Governance: holders can propose and vote on protocol upgrades and treasury allocation decisions
Tokenomics
PROS has a genesis total supply of 1 billion tokens and no fixed maximum supply, with circulating supply of 135,600,000 PROS as of early September 2026.
- Allocation: Ecosystem 21% (including a 6% community airdrop), Team 20%, Investors 20%, Foundation 16%, Node & liquidity incentives 14%, Lab Co. 9%
- Team and private-investor allocations carry a 12-month lock-up followed by 36-month linear vesting; some treasury/incentive allocations vest over 48-60 months
- Staking inflation starts at 0% for the first six months post-mainnet, then rises to 5% annually, making net emission inflationary
Launch & Funding
Pharos raised $52 million across two private rounds before its Pacific Ocean Mainnet and PROS token launched on April 28, 2026, with no public ICO.
- Seed round: $8 million (around November 2024), co-led by Lightspeed Faction and Hack VC, with SNZ Capital as strategic anchor investor
- Series A: $44 million (announced April 8, 2026), with strategic investors including Sumitomo Corporation, SNZ, Chainlink, and Flow Traders
- Funds are earmarked for expanding RWA infrastructure and a $10M+ "Native to Pharos" builder incubator program
- The token generation event included a community airdrop, with 1% of supply unlocked at TGE
Blockchain & Consensus
Pharos runs on its own purpose-built Layer-1 blockchain rather than an existing chain, using an adaptive asynchronous Byzantine Fault Tolerant (BFT) consensus mechanism.
The network is structured in three layers — L1-Base, L1-Core, and L1-Extension — and supports both EVM and WASM virtual machines simultaneously. Parallel transaction execution allows the chain to target throughput of up to 50,000 transactions per second with sub-second finality.
Team
Pharos Network was co-founded by Wish Wu and Alex Zhang, both former executives from Ant Group's blockchain and Web3 unit.
Wish Wu serves as Co-founder and CEO and previously held the role of Chief Security Officer at ZAN, Ant Group's Web3 business unit. Alex Zhang, also a co-founder, previously served as CEO of ZAN and as CTO at Ant Digital Technologies.
Issuing Organization
Pharos Network is the organization developing and maintaining the Pharos blockchain, structured around at least two distinct entities: a Foundation and a separate "Lab Co."
The project maintains a stated strategic partnership with Ant Digital Technologies for institutional real-world-asset integration, reflecting its founders' backgrounds at Ant Group's Web3 unit, ZAN.
Governance
PROS holders can propose and vote on protocol upgrades and treasury allocation decisions, making governance one of the token's three core utilities alongside fees and staking.
Independent risk scoring rates the project's practical governance strength at only 5%, citing that roughly 70% of PROS supply is held by a small number of large holders — a concentration that limits how decentralized voting outcomes can be in practice.
Roadmap
Since its April 2026 mainnet launch, Pharos has focused on expanding real-world-asset products and AI-related integrations on its network.
- July 14, 2026: launched the Axil Prime Vault, bringing private credit onchain with a targeted 14.3% yield from real-world cash flows
- July 2, 2026: its incubator backed Faroo, an RWA hybrid vault project, at a $10 million valuation
- June 15, 2026: integrated PROS and USDC payments for AI model access
- June 8, 2026: launched a 150,000 PROS AI Agent Carnival hackathon using CertiK's Skill Scanner as the judging standard
Security
Pharos has not undergone a CertiK security audit of its protocol code, though its project page lists three third-party audits from unnamed firms.
No bug bounty program has been established. The wrapped PROS token contract has been flagged with several owner-privilege risks, including potential balance modification and ownership control capabilities. Holder concentration is also a structural risk: approximately 70% of PROS supply is held by a small number of large holders.
Frequently Asked Questions
What is Pharos (PROS)?
Pharos (PROS) is the native token of Pharos, a standalone Layer-1 blockchain called the Pacific Ocean Mainnet that launched on April 28, 2026. Pharos uses a three-layer architecture, adaptive asynchronous BFT consensus, and dual EVM/WASM virtual machines, with PROS serving as its native gas, staking, and governance asset.
Is PROS a governance token or a utility token?
PROS functions as both a utility and a governance token. Holders use it to pay transaction fees and stake it to help secure the network under Pharos's BFT consensus mechanism, while also using it to propose and vote on protocol upgrades and treasury allocation decisions.
What is the total supply of PROS?
PROS launched with a genesis total supply of 1 billion tokens and has no fixed maximum supply, since staking rewards add new tokens to the supply over time. Circulating supply stood at 135,600,000 PROS as of early September 2026, with allocations split among the ecosystem, team, investors, the foundation, and node incentives.
When did Pharos launch its mainnet?
Pharos launched its mainnet, called the Pacific Ocean Mainnet, on April 28, 2026, alongside the PROS token and more than 50 decentralized applications live at genesis. This followed the project's founding activity around November 2024, and was preceded by a testnet.
Who founded Pharos Network?
Pharos Network was co-founded by Wish Wu and Alex Zhang, both former executives from Ant Group's blockchain and Web3 unit, ZAN. Wu serves as CEO, having previously been Chief Security Officer at ZAN, while Zhang previously served as ZAN's CEO and as CTO at Ant Digital Technologies.
Has Pharos been audited by CertiK?
Pharos has not undergone a CertiK security audit of its protocol code, and no bug bounty program has been established. Its project page lists three third-party audits from other, unnamed firms, and the wrapped PROS token contract carries several flagged owner-privilege risks.
What does Pharos focus on?
Pharos focuses on high-throughput infrastructure combined with real-world-asset (RWA) tokenization, supported by a strategic partnership with Ant Digital Technologies. Its testnet reportedly processed more than 4.3 billion transactions across 209 million wallets, and products like the Axil Prime Vault bring private credit onchain through the network.
What consensus mechanism does Pharos use?
Pharos uses an adaptive asynchronous Byzantine Fault Tolerant (BFT) consensus mechanism across its own purpose-built Layer-1 blockchain. Combined with parallel transaction execution and a three-layer architecture, the network claims throughput of up to 50,000 transactions per second with sub-second finality.
