South Korea's leading cryptocurrency exchanges, Upbit and Bithumb, have announced new listings for PROS, the native token of Pharos. Upbit announced that PROS, which is scheduled to launch its mainnet on April 28, 2026, will be available for trading on the KRW, BTC, and USDT markets, while Bithumb announced it will add the PROS/KRW trading pair to its platform. Thus, Pharos, one of the new Layer-1 projects, has gained more visibility in the South Korean market with support from two major exchanges on the same day.
According to Upbit's announcement, Pharos trading will begin on May 8th on the KRW, BTC, and USDT markets. The exchange stated that deposits and withdrawals will only be supported through the Pharos network. Transfers from other networks will not be supported. Therefore, incorrect network usage could lead to risks such as uncredited assets or extended refund processes. Some temporary restrictions will also be applied during the listing process to ensure transaction security. Upbit will restrict buy orders for approximately the first 5 minutes after trading support begins. During the same period, sell orders below 10% of the previous closing price will also not be allowed. Furthermore, only limit orders will be available for the first two hours. Market orders and other conditional order types will be disabled during this time.
According to data shared by the exchange, the previous closing price for PROS was 900.37 KRW, 0.00000774 BTC, and 0.621 USDT. As of May 8th, the latest prices were 990.89 KRW, 0.00000845 BTC, and 0.6759 USDT. This indicates an upward movement in the token price prior to the listing.
A similar step has been taken by Bithumb for PROS. The exchange announced on its social media account that the PROS/KRW trading pair will be listed. KRW trading pairs are considered important in the South Korean market in terms of local investor interest. Therefore, the Upbit and Bithumb listings stand out as a noteworthy development for PROS in terms of short-term trading volume and market visibility.
What is Pharos?
Pharos is developed as an EVM-compatible Layer-1 blockchain network. The project uses an asynchronous BFT-based Proof-of-Stake consensus algorithm. The network's main goal is to provide a high-performance infrastructure for Web3 applications and real-world assets. Pharos aims to build an ambitious structure, especially in terms of scalability, with its parallel transaction architecture.
According to the project's statements, the network aims for a capacity of approximately 30,000 transactions per second, a processing power of 2 Gigagas, and a block production time of less than 1 second. Pharos also plans to build an infrastructure that can support very large user bases. These goals are particularly important for RWA, or real-world asset-focused financial applications.
Another noteworthy aspect of the Pharos ecosystem is the RealFi Alliance initiative. Through this structure, the project aims to make financial processes such as asset issuance, circulation, and revenue generation more integrated on the chain.
The PROS token is used within the network for transaction fees, staking, and ecosystem incentives. Listing the token on major South Korean exchanges like Upbit and Bithumb could increase the new altcoin's access to liquidity. However, price volatility is generally high with new listings. Therefore, investors need to carefully monitor both transaction restrictions and price differences between exchanges. It's worth noting that it experienced a 30% increase at the time of writing.
