How Pharos works.

You pay once, on the chain you choose. Your coin opens on Ethereum, Base, Robinhood Chain and BNB Chain in the same minute, at the same price and the same address. Each chain gets a quarter of the supply in a Uniswap pool that nobody can withdraw. Three parts of the coin pull the four prices back together, and nobody has to sign a price.

1. The beacon

The bridge carries the price.

Every transfer between chains carries the price on the chain it left. Two of three independent verifiers sign each transfer: LayerZero Labs, Nethermind and Horizen. So every chain knows the other three prices without an oracle.

When a coin is quiet, the platform sends a tiny transfer to keep the prices fresh. A price older than ten minutes is ignored by the fee.

Four chains and the six routes between them. A route lights up when a price crossed it in the last ten minutes.

2. The tide

Closing a gap costs less.

When a chain is cheaper than the others, buying there costs less. When it is dearer, selling there costs less. The discount starts at a 0.5% gap and is full at 2%.

A trade that widens a gap pays the normal fee. So ordinary traders close gaps early, and a bot has less to take.

A trade that closes the gapA trade that widens it

Example for a coin with a 2.5% fee. The fee never goes under 0.2%, the platform's floor.

3. The pulse

Fees burn where the price is lowest.

Fees are paid in ETH or BNB, never in the coin. The creator's share can buy the coin back and burn it. The Pulse does that buy on the cheapest chain, so the burn also lifts the chain that fell behind.

Another share can sit as ETH a little under the price, so sellers always find a buyer. That floor can never be removed.

The chain where the Pulse buys and burns

The burn happens where the price is furthest under the average. Each move is capped at about 1% of the price.

4. Launch protections

Drawn before you pay.

The launch tax starts high and falls every minute to the normal fee. The max wallet holds for a while, then rises until it is gone. Both are the same on all four chains, and the creator can only end them early.

Launch tax: 30%, one point less every minute for 5 minutes, then 2.5 points less every minute, then 2.5%.

Max wallet: 0.5% of a chain's coins for 10 minutes, then rising until it is gone at minute 60.

5. Sealed

What nobody can change.

No one can mint, upgrade, pause or blacklist.
No one can raise a fee. The creator can lower it, announced seven days ahead, and only while the four prices agree within 1%.
No one can take liquidity out. Every pool is locked for good.
The bridge settings are fixed at launch. No key can add a chain or change a verifier.