PROSPharos (PROS) Price

1.Project introduction

Pharos has designed a Modular & Full-stack Parallel L1 Blockchain Network, structured into three primary layers: L1-Base, L1-Core, and L1-Extension. It aims to deliver high-performance, low-latency, and cost-effective blockchain services, bringing a Web2-like user experience to Web3. The network supports Special Processing Networks (SPNs) for heterogeneous computation, native restaking, and cross-SPN interoperation. Pharos identifies and addresses key challenges in blockchain scalability, such as the bottleneck effect, the need for decentralized and large-scale networking, and state bloat, proposing a holistic approach to optimization.

2.Team introduction

Wish Wu - Co-Founder

With a background in blockchain infrastructure and experience from Ant Group. Focuses on bringing Web3 solutions to real-world financial applications.

Alex Zhang - Co-Founder

Contributing to the project's vision and development. Has expertise from top investors and a background in decentralized systems.

Michelle Kang - Core Team Member

Involved in the project's development and operations. Brings experience from Ant Group and a focus on blockchain infrastructure.

3.Token application and distribution

Token application

The $PROS token powers Pharos Network's ecosystem through gas fees, staking, and governance. It also incentivizes participation in real-world financial applications. The token's scarcity and disciplined release framework support long-term alignment.

Token distribution

Foundation Treasury: 16%

Labs Co. Treasury: 9%

Team: 20%

Investors: 20%

Ecosystem & Community: 21%

Node & Liquidity Incentives: 14%