As reported by TechFlow, on November 24, EVM Layer 1 blockchain Pharos Network announced the official launch of the Pharos Foundation, a major milestone toward its Token Generation Event (TGE) and mainnet launch in early 2026. The foundation will establish a structured, transparent, and governance-oriented model to support the ecosystem's long-term development. It will provide frameworks, documentation, and transparent processes for sustainable token governance and ecosystem growth before and after the TGE. The foundation operates under four core pillars: ecosystem support, technical development, governance and transparency, and education. It will fund and support builders and developers, foster trusted collaboration with traditional finance and institutional participants, and ensure structured governance, transparent reporting, and ecosystem management. Details on the management and use of the ecosystem fund will be disclosed in the foundation’s first transparency report after the mainnet launch, including grants issued, governance decisions, and capital deployment. The foundation’s first charter will also be released, outlining its mission, governance model, operational limits, and commitment to public interest.
Pharos Foundation Officially Launched, Marking Key Step Toward 2026 TGE and Mainnet
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