RWA track has few interactive assets, and with the "Ant Group" background, Pharos testnet has gained considerable attention since its launch. What is the relationship between this new chain, which raised $8 million, and Ant Group? How can interactions be conducted? This article will provide a detailed overview.

Project Background

On November 9, 2024, Pharos announced the completion of an $8 million seed round financing, with participation from Faction, Hack VC, SNZ Holding, Reforge, Dispersion Capital, Hash Global, Generative Ventures, Legend Star, MH Ventures, Zion, and Chorus One Ventures.

CEO Alex Zhang was previously the CEO of the Web3 technology company @zanteam under Ant Group and served as the CTO of AntChain. CTO Wish Wu was the CSO (Chief Security Officer) of @zanteam. CMO Laura Shen was the marketing head for Solana Mobile and previously led crypto marketing at PayPal. Ecosystem head Aliu Musa has also worked on ecosystem development at Celo and Arbitrum.

On March 6 of this year, a testnet for developers was launched, announcing a $20 million incentive for ecosystem projects focused on RWA/payments, DeFi, as well as innovative projects in AI, DeSci, and GameFi.

Although the $8 million financing amount is relatively small compared to some public chains that have raised tens of millions, the $20 million ecosystem project incentive indicates that Pharos is not short on funds. In terms of partnerships, Pharos announced in April 2024 that it had open-sourced the blockchain virtual machine DTVM, co-developed with AntChain and Ant Group's supercomputing team, and maintains a collaborative relationship with @zan_team.

Interaction Tutorial

Enter the Pharos testnet webpage and connect your wallet.

After successfully connecting your wallet, scroll down the page to claim test tokens; you can claim 0.2 test tokens daily.

Additionally, on @zan_team's website, each account can also claim 0.2 Pharos test tokens daily.

Next, continue scrolling down the page to this section and click "Get Started."

Clicking will redirect you to the interaction task details page.

First, in the upper right corner, there is a daily check-in; just click it, and you need to do this daily.

After completing this operation, scroll down to the bottom of the page to complete the 4 social tasks.

Then return to the on-chain task section above, starting with Swap. Click the Swap button, which will redirect you to the Zenith page. Connect your wallet to perform the Swap.

Next, click Deposit, which will also redirect you to the Zenith page. Select the token you just swapped and pair it with $PHRS to create an LP.

Then click Send; here you can send some $PHRS to friends by filling in the amount and address for the transfer.

As for the Invite section below, clicking it will provide an invitation link that can be used to invite newcomers for rewards. The remaining domain and NFT activities will await further updates.

Conclusion

Focusing on RWA chains, the market tends to pay more attention to the team's background when assessing its development potential, particularly whether there are sufficient resources to develop a diverse and substantial amount of assets to be tokenized on-chain. Therefore, the "Ant Group" affiliation undoubtedly boosts Pharos's current popularity.

Overall, the entire interaction process is relatively convenient and quick; just follow the task list on the official website. Interested readers can take action!

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