According to Pharos, the PROS token launched on April 28 with a fully diluted valuation exceeding $1.1 billion, meeting Xingkong New Energy's strategic investment valuation benchmark. The first batch of token swap settlement conditions have been substantially met, with both parties proceeding with f

Gate News message, April 28 — Pharos announced the launch of its Pacific Ocean Mainnet, the first native asset-class Layer 1 network designed specifically for high performance and regulatory compliance. The project previously unveiled the economic framework for its native token, PROS, with a

Pharos has announced the tokenomics for its PROS token, with a total supply of 1 billion. Allocations include 16% for the Foundation Treasury, 9% for Lab Co. Treasury, and a 12-month lock-up for team and investors. The token will be used for various applications, with a phased inflation policy starting at 5% after six months.

Pharos has detailed the public sale for its PROS token, aiming to raise $1 million by offering 0.1% of total supply at $1.00 per token. Participants must complete KYC/KYB verification and can choose between lockup options. Registration began on April 20.

Topnod has partnered with Layer1 blockchain Pharos, providing a user-friendly self-custody wallet that simplifies access to real-world assets. It will support Pharos's airdrop activities and facilitate the distribution of RWA assets on the Pharos chain.