Pharos Announces Token Economics: Total Supply of PROS is 1 Billion, 6% Allocated for Airdrop

On April 21, according to an official announcement, Layer 1 public chain Pharos revealed the token economics of its token PROS, with a total supply of 1 billion tokens. The initial supply allocation is as follows: 16% for the foundation treasury, 9% for Lab Co. treasury, 20% for the team, 20% for investors, and 21% for ecosystem and community (including a 6% community airdrop: 1% unlocked at TGE, 5% for future community growth and airdrop incentives), with 14% allocated for node and liquidity incentives. The core team and private investors are subject to a 12-month lock-up period followed by a 36-month linear release, while some treasury and incentive allocations are extended to 48 to 60 months. PROS will be used for transaction fees, PoS staking, validator participation, governance, ecosystem incentives, and potential specific uses for RWA. The staking issuance policy will adopt a phased approach: the inflation rate will be 0% for the first six months before the mainnet launch, and from the seventh month, it will be set at an annual inflation rate of 5%, which can be dynamically adjusted by the foundation based on network operation conditions. Last September, Yunfeng Financial announced a strategic investment in Pharos and reached a strategic cooperation with Ant Group. According to public information, Pharos founder and CEO Alex Zhang previously served as CTO at Ant Chain; Pharos co-founder and CTO Meng Wu was previously the Chief Security Officer for Ant Financial’s Web3 business; and Pharos CMO Laura Shen was formerly the head of mobile marketing at Solana Labs.