Pharos ranks #66 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #313: 247 of the 312 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 323 non-native assets CoinSpectrum lists above it by market cap, about 52% are tokens, 41% are claims on other assets and 7% are memecoins.
| CoinSpectrum Grade | C · 57/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #66 |
| Rank counting claims | #313 |
| Market capitalisation | $85M |
| Price | $0.6288 |
| Circulating supply | 135,600,000 PROS |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | AsyncBFT |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
C — 57 out of 100, provisional (from 17 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 46 to 67 (D to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 4.6 | group average, 10 of 13 measured |
| Sound Money Qualities (6 checks) | 6.3 | 2.5 of 4 points, 2 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 4.5 | no fixed maximum; 136 million in circulation: supply scale 8.9, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 0 full years since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | – | |
| Divisibility: the smallest unit worth a cent or less | ✓ | 18 decimal places, the smallest unit worth $6.3e-19 |
| Portability: fees of a cent or less and capacity for real demand | ✓ | typical fee $0.00013; about 48,100 transactions a second (10 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | – | pruned nodes validate everything |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Any secp256k1 key can hold and send PROS; the chain's account and transfer rules carry no identity check. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✗ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | No transaction-origin hiding documented. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions documented. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding documented. |
| Scalability (fees, throughput, block time, block space, features) | 7.3 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00013 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 10 | about 48,100 simple transactions a second |
| Block time (10 minutes 10, less either side) | 0 | a block every 0.99 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 62.5 MB limit (converted from its gas, compute, mass or count limit), 37900 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Payments safe to accept within seconds | ✓ | AsyncBFT gives deterministic sub-second finality with ~0.9 s blocks. |
| Pruned nodes: a full node can validate and drop old history | ✓ | Pharos node v0.11+ AutoPruning deletes old data to manage disk space. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | No light-client protocol documented. |
| Security (miner pay and 7 checks) | 3 | 2 of 6 points, 3 not yet measured source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0 | not mined |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | – | |
| Largest three under 75% | – | |
| More than one maintained client | ✗ | 1 |
| Node software is open source | – | Pharos Network builds the only client; no public node-client repository or releases located. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 57,300 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 8.8 | 7 of 8 points, 1 not yet researched source |
| Token issuance at protocol level, validated by its own nodes | 2 | ERC-20 contracts on its EVM (chain ID 1672), live since the Pacific Ocean public mainnet of 28 April 2026. |
| Smart contracts: a general-purpose contract system | 2 | An EVM (chain ID 1672) open to any account since the public mainnet of 28 April 2026. |
| Multisig and time locks | ✓ | Multisig and timelock contracts on the EVM. |
| Atomic swaps with other chains | ✓ | EVM HTLC contracts (hash lock plus timelock refund). |
| An exchange built into the protocol | ✗ | No exchange in the protocol documented. |
| Cross-chain messaging the chain verifies itself | – | The docs describe a cross-chain interoperability protocol in the Transaction Layer only in general terms; how it is verified and whether it is live on mainnet is not stated. |
| Non-fungible tokens | ✓ | ERC-721 contracts on the EVM. |
| Decentralisation | 3.7 | section average, 5 of 8 measured |
| Censorship resistant (Source) | — | Not yet researched |
| No central team (Source) | 0 | A central team directs it: Pharos Network builds the only client; no public node-client repository or releases located. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 0 | 100% of today's supply allocated at launch to founders, a company, a foundation or investors. 1B PROS were allocated at the 28 Apr 2026 TGE/mainnet launch (ecosystem & community 21% incl. 6% airdrop, team 20%, investors 20%, foundation 16%, node & liquidity incentives 14%, Labs Co. 9%); staking inflation was 0% for the first six months, so current supply is still the 1B genesis (CoinGecko total 1B). source |
| Fundraising | 0 | Sold by its issuer or insiders: 100% of supply was theirs to sell, 20% sold so far. Investors in the $8M seed and $44M Series A ($52M at ~$0.26/PROS) hold the 20% investor bucket = 200M PROS; no public sale. 200M / 1,000,000,000 PROS total (CoinGecko, 2026-10-24) = 20.0%. $8M seed (~Nov 2024, co-led by Lightspeed Faction and Hack VC) and $44M Series A (Apr 2026; strategic investors incl. Sumitomo, SNZ, Chainlink, Flow Traders) - $52M total, investors at ~$0.26 per PROS; no public sale. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. Staking inflation was 0% for the first six months after the 28 Apr 2026 mainnet and is set at 5% a year from month seven, paid to validators and stakers; the foundation may adjust the rate. No treasury or foundation share of issuance is documented, and supply is still the 1B genesis. Based on published tokenomics only; chain parameters were not checked. source |
| Supply & Demand | 8.1 | group average |
| Supply & Demand (Source) | 7.3 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 14 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 4.1 | $803,569 traded in 24 hours; #608 by volume on the exchanges the site reads (scored on the median day of the last 30, $1,149,493) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 6.8 | 1.3% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 9.6 | $664,965 within 2% of the price on 6 exchanges, 0.78% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4.8 | $85M, 4.8 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 8.2 | futures, options and margin positions 3.2% of its market cap |
| Supply (smaller is better) | 8.9 | no fixed maximum; 136 million in circulation |
| Record | 5.3 | group average |
| Record (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Age (years since genesis) (Source) | 0 | 0 full years since 2026-04-28, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 6 | 1 positive, 0 negative, 5 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | No public node-client releases located (PharosNetwork GitHub holds SDKs, contracts and ops repos updated to Oct 2026); mainnet launched 2026-04-28. Not verified against releases. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a privacy improvement in two years | – | |
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
| Unfixed vulnerabilities and exploits | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
135,600,000 PROS are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 100% of today's supply |
|---|---|
| Sold by the issuer or insiders | 20% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Private or venture funding |
1B PROS were allocated at the 28 Apr 2026 TGE/mainnet launch (ecosystem & community 21% incl. 6% airdrop, team 20%, investors 20%, foundation 16%, node & liquidity incentives 14%, Labs Co. 9%); staking inflation was 0% for the first six months, so current supply is still the 1B genesis (CoinGecko total 1B).
$8M seed (~Nov 2024, co-led by Lightspeed Faction and Hack VC) and $44M Series A (Apr 2026; strategic investors incl. Sumitomo, SNZ, Chainlink, Flow Traders) - $52M total, investors at ~$0.26 per PROS; no public sale.
Investors in the $8M seed and $44M Series A ($52M at ~$0.26/PROS) hold the 20% investor bucket = 200M PROS; no public sale. 200M / 1,000,000,000 PROS total (CoinGecko, 2026-10-24) = 20.0%.
Staking inflation was 0% for the first six months after the 28 Apr 2026 mainnet and is set at 5% a year from month seven, paid to validators and stakers; the foundation may adjust the rate. No treasury or foundation share of issuance is documented, and supply is still the 1B genesis. Based on published tokenomics only; chain parameters were not checked.
Sources: tokenomist.ai · coingecko.com · gate.com · app.tokenomics.com · altfins.com · tradeinformer.com. Researched 2026-10-24, medium confidence.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Pharos is #66 among cryptocurrencies and #313 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 247 places between Pharos's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 2 wrapped and staked claims on Pharos →