Pharos is a new Layer 1 (L1) blockchain project, which is currently offering a 100% free-to-join airdrop. Targeted at new users, especially those recently active in airdrops, the project stands out for its high potential and low investment risk.
What Is Feros? A Layer 1 Blockchain
Feros is not just another crypto project. It is a Layer 1 blockchain, which means it is developing its own native blockchain infrastructure. Unlike projects built on Ethereum or Solana, Layer 1 projects have their own consensus mechanism and blockchain architecture, giving them more control and flexibility.
What makes Feros unique is its focus on Real World Assets (RWA). These types of projects are gaining popularity and often reward early testers with generous airdrops.
Feros Testnet Launch Date
The testnet for Feros went live on May 16. Yes, it’s only been a few days, so you’re still early! The mainnet will follow soon, and early interaction with the testnet could qualify you for a future airdrop.
Remember: Before a mainnet launch, projects usually release their tokens. This gives testers a good chance to earn airdrops based on their participation.
Tasks to Complete on Feros Testnet
Currently, only three tasks are live on the Feros testnet. Here’s what you need to do:
1. Swap tokens
2. Provide liquidity
3. Send tokens to a friend (or alternate wallet)
Upcoming tasks expected soon:
1. Feros Identity Service (possibly a KYC system)
2. Lend & Borrow
3. Staking
These future tasks will expand the airdrop farming scope. It’s highly recommended to stay active and complete tasks regularly.
How to Start : Step-by-Step Setup Guide
Here’s a quick guide to get started with Feros Testnet:
1. Join the official website via the task link (provided in our Telegram)
2. Connect your wallet (preferably a test wallet)
3. Switch to the Feros Testnet RPC (auto-added when you connect)
4. Claim Faucet:
- Visit the faucet page
- Enter your wallet address
- Complete the captcha
- Claim 0.2 PHRST tokens every 24 hours
This is not something to miss, Layer 1 projects have strong fundamentals and greater long-term rewards. Projects like Ink, Lara, and N1 Chain were mentioned as earlier examples of successful L1 initiatives.
Pharos : Backed by $8 Million in Funding
Pharos raised $8 million in seed funding in November 2024, positioning it strongly among emerging L1 blockchains. Designed for high-speed transactions and scalable infrastructure, Fars aims to handle a large number of users seamlessly.
the project is categorized under Deep Infrastructure, Interoperability, and Real World Assets (RWA). This positions it as a strong contender in both Traditional Finance (TradFi) and Decentralized Finance (DeFi) sectors.
EVM Compatibility: A Major Advantage
A key technical feature of Fars is its EVM (Ethereum Virtual Machine) compatibility, meaning it can interact easily with existing Ethereum-based platforms like Arbitrum and Optimism. This compatibility is expected to ease adoption and expand the blockchain’s utility across the broader crypto ecosystem.
How the Pharos Airdrop Potential Is Evaluated
The host shared insights into how he evaluates airdrop potential:
- Team’s Intention: No one can fully predict how generous a team will be with token allocations.
- Hype and Participation: Airdrops are impacted by how many users participate. Fewer users can mean bigger rewards per person.
- Token Allocation vs. Market Cap: If a project launches with a high fully diluted value (FDV) and low user base, users could earn substantial airdrop rewards—up to $500 or more in some cases.
Core Features of Pharos Blockchain
Fars’ core features make it a compelling project to track and interact with:
- Transaction Efficiency: The blockchain emphasizes high-speed transactions.
- EVM Compatibility: Enables integration with Ethereum tools and DApps.
- Focus on TradFi and DeFi: Unlike projects like Linera or N1 that focus on app development, Fars is designed for financial use cases and real-world asset integration.
- Pre-Mainnet Token Access: Users will likely gain access to tokens even before the mainnet launch, enhancing early engagement opportunities.
Conclusion
The Pharos airdrop looks promising, especially since it’s from a Layer 1 project with real-world asset backing. Don’t miss out on this early opportunity. Airdrops like Stellar, Hedera, and Plume have rewarded early users handsomely in the past, and Feros could be next in line.
