BlockBeats report: On April 21, according to the official announcement, the Layer 1 blockchain Pharos disclosed the tokenomics of its token, PROS, with a total supply of 1 billion tokens. The initial supply allocation is as follows: 16% to the Foundation Treasury, 9% to Lab Co. Treasury, 20% to the team, 20% to investors, 21% to ecosystem and community (including 6% for community airdrops: 1% unlocked at TGE, 5% reserved for future community growth and airdrop incentives), and 14% to 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 vesting schedule, while certain treasury and incentive allocations are extended to 48 to 60 months. PROS is used for transaction fees, PoS staking, validator participation, governance, ecosystem incentives, and potential RWA-specific use cases. The staking issuance policy follows a phased approach: the inflation rate is 0% for the first six months after mainnet launch, rising to 5% annual inflation from the seventh month onward, with future adjustments dynamically determined by the foundation based on network conditions.
In September last year, Yunfeng Financial announced a strategic investment in Pharos and entered into a strategic partnership with Ant Digital Technologies. Public information also shows that Alex Zhang, founder and CEO of Pharos, previously served as CTO at Ant Chain; Meng Wu, co-founder and CTO of Pharos, was previously the Chief Security Officer for Ant Financial’s Web3 business; and Laura Shen, CMO of Pharos, was previously the head of Solana mobile marketing at Solana Labs.