The Pharos Foundation is officially established, marking an important milestone towards the TGE and mainnet in early 2026

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.

Before and after the TGE, the Pharos Foundation will also provide the framework, documentation, and transparent processes necessary for sustainable token governance and ecosystem development. The foundation will work 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 finance and institutional participants, and offer structured governance, transparent reporting, and ecosystem management to ensure future-friendly, inclusive, and trustworthy growth.

Regarding the management and use of the ecosystem fund, the foundation will publish its first transparency report after the mainnet launch, covering the grants issued, governance decisions, and fund deployment. Meanwhile, the first foundation charter will also be released, outlining its mission, governance model, operational limits, and commitment to public interest responsibilities.