Pharaoh [OLD] Price

Pharaoh (PHAR) is a cryptocurrency native to a decentralized exchange protocol built on Avalanche. The token underpins a liquidity marketplace engineered around vote-escrowed (ve) tokenomics and concentrated liquidity provision.

The protocol addresses a persistent friction in decentralized finance: the misallocation of liquidity incentives. Rather than dispersing rewards uniformly, Pharaoh allows governance participants to steer emissions toward pools that generate the highest fee volume and strategic value. This targeted incentive structure aims to deepen on-chain liquidity for assets that attract organic trading demand.

Pharaoh operates on the Avalanche C-Chain network. The C-Chain provides an Ethereum Virtual Machine-compatible environment, allowing the protocol’s smart contracts to settle trades and enforce ve(3,3) mechanics rapidly. No separate validator set secures PHAR directly.

PHAR adheres to the ERC-20 token standard, as evidenced by its Avalanche contract address 0xaaab9d12a3… . The decentralized exchange integrates concentrated liquidity curves, a design that permits liquidity providers to allocate capital within specific price bands for improved capital efficiency. This amplifies fee generation per unit of liquidity.

Pharaoh emerged without a single named founder, reflecting a community-driven launch common in the DeFi space. The protocol adopted the vote-escrowed model—popularized by earlier iterations on other chains—to align long-term participant interests with liquidity growth. Its deployment on Avalanche positioned it among a cluster of projects seeking to replicate the ve(3,3) formula in high-throughput environments.

The protocol’s long-term objective is to function as an autonomous liquidity engine where incentive distribution is governed by actual demand signals rather than arbitrary allocations. By concentrating rewards in pools that demonstrate genuine use, Pharaoh intends to bootstrap deeper markets for Avalanche-native assets. Liquidity becomes self-directing.

PHAR, the native token, functions as the governance and incentive backbone. Holders lock PHAR for a fixed duration to receive vePHAR, a non-transferable governance token. vePHAR holders then vote weekly on gauge weights, dictating the distribution of PHAR emissions to specific liquidity pools. This mechanism ensures that yield farming rewards flow to pools approved by token holders with the longest time commitments.

Liquidity providers deposit token pairs into concentrated liquidity positions and earn a share of trading fees alongside PHAR incentive emissions, weighted by their position’s activity. Protocols and market participants seeking deeper liquidity for their tokens can offer additional rewards—often called bribes—to vePHAR voters, creating a secondary yield market for governance influence. This bribing dynamic intensifies competition for gauge votes.

Pharaoh has a total supply of 149,231.96 tokens. Currently, 0 are in circulation. With a market capitalization of $0, Pharaoh ranks #7,687 among all cryptocurrencies.