Key Takeaways
- Pharos Network is a high-speed, EVM-compatible Layer-1 blockchain with a modular, parallel architecture, capable of processing up to 50,000 transactions per second (TPS) and 2 gGas/sec. It is designed to deliver internet-scale performance and foster trustless innovation, particularly in decentralized finance (DeFi) and real-world assets (RWAs).
- The network features customizable Special Processing Networks (SPNs) that boost scalability, support diverse computing techniques (such as ZKML and FHE), and enable cross-SPN interoperability. This helps address issues like state bloat and I/O latency, making it ideal for applications like tokenized assets and decentralized payments.
- Founded by blockchain experts from Ant Group, Pharos bridges traditional finance and Web3 through key partnerships, offering low-cost, high-throughput solutions with 1-second finality. It has raised $8M in seed funding from investors including Lightspeed Faction and HackVC.
Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally, airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.
What Is Pharos Network?
Pharos Network is a modular, full-stack, parallel Layer-1 blockchain network designed to enhance blockchain scalability and interoperability.
Notably, Pharos has successfully raised $8 million in seed funding from prominent investors, including Faction, Hack VC, SN7, and Reforge.
How To Qualify For An Airdrop?
Pharos Network’s airdrop campaign is currently in the speculative phase, with a testnet campaign, in which participants can earn potential rewards by completing various tasks on their testnet.
To participate in their testnet:
👉 STEP 1: Go to https://testnet.pharosnetwork.xyz/ and connect your Web3 wallet.
👉 STEP 2: Connect your socials.
👉 STEP 3: Make sure to check in daily.
👉 STEP 4: Claim testnet tokens and complete on-chain quests.
👉 STEP 5: Keep an eye on official announcements and hope for the best!
