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

ChainCatcher news, EVM Layer 1 Blockchain Pharos Network has announced the official establishment of the Pharos Foundation, marking an important milestone for Pharos Network toward the TGE and Mainnet launch in early 2026. It will establish a structured, transparent, and governance-oriented foundation model to lay the groundwork for the long-term development of the ecosystem. Around the TGE, the Pharos Foundation will also provide the framework, documentation, and transparent processes needed 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, facilitate trustworthy cooperation with TradFi and institutional participants, and offer structured governance, transparent reporting, and ecosystem management to ensure future-friendly, inclusive, and reliable rise. Details regarding the management and utilization of the ecosystem fund will be disclosed in the foundation's first transparency report after the Mainnet launch, covering the distribution of grants, 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.