The Pharos Foundation has been officially established, marking an important milestone towards the TGE and Mainnet in early 2026.

2025-11-24 12:56:37

Abstract generation in progress

According to a message from 深潮 TechFlow on November 24, the EVM Layer 1 Blockchain Pharos Network announced the official establishment of the Pharos Foundation, marking an important milestone for Pharos Network as it moves towards the TGE and Mainnet launch in early 2026. This will establish a structured, transparent, and governance-oriented foundation model, laying the groundwork for the long-term development of the ecosystem. Around the time of the TGE, the Pharos Foundation will also provide the necessary framework, documentation, and transparent processes for sustainable Token governance and ecosystem development.

The foundation works around four core pillars: ecosystem support, technology development, governance and transparency, and education. After the establishment of the Pharos Foundation, Pharos will provide funding and projects for builders and developers, promote trustworthy collaboration with traditional financial and institutional participants, and offer structured governance, transparent reporting, and ecosystem management to ensure future-friendly, inclusive, and reliable growth.

Details on the management and use of the ecosystem fund will be published in the foundation's first transparency report after the Mainnet launch, covering granted subsidies, governance decisions, and fund deployment. Meanwhile, the foundation's first charter will also be released, outlining its mission, governance model, operational limits, and commitment to public interest responsibilities.

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