Pharaoh Liquid Staking Token
P33
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
P33 (Pharaoh Liquid Staking Token) is a liquid-staked wrapper for xPHAR on the Avalanche C-Chain, tying its utility and yield directly to Pharaoh Exchange rather than an underlying Layer-1 proof-of-stake asset. The overall profile indicates severe structural weaknesses: development activity is essentially stalled with zero recent shipping or repository updates (2.0/10), and community support is virtually nonexistent with an on-chain footprint showing minimal holders and absent social engagement (0.5/10). Tokenomics (4.5/10) suffer from conflicting aggregator supply metrics and declining platform revenue share. Market presence is deeply constrained (3.0/10) with negligible liquidity and fragmented trading volume on a ~$3M micro-cap asset. Team and governance (4.5/10) feature an anonymous team with no named leadership, despite underlying DEX fee distributions. Security and audit history (3.5/10) reveals that P33 is completely unaudited according to CertiK Skynet, though no discrete exploit or regulatory action has been recorded. With an aggregate score of 3.0 across all evaluated sections, the asset represents extreme risk.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Pharaoh Liquid Staking Token (P33)
Pharaoh Liquid Staking Token (P33) is a liquid staking derivative operating on the Avalanche C-Chain. Issued by Pharaoh Exchange, a concentrated-liquidity decentralized exchange, P33 functions as an automated, liquid-staked wrapper for xPHAR, the protocol's native governance and revenue-sharing token. Unlike conventional liquid staking tokens backed by base-layer proof-of-stake assets, P33 is designed to provide transferable exposure to the exchange's internal staking mechanisms, liquidity pools, and fee distributions.
The underlying protocol utilizes a decay-bounded emission model for its base PHAR token and shares platform revenue with xPHAR participants, reporting over $5.98 million in cumulative swap fee distributions. However, P33 introduces a layer of indirection to the governance process. The project is managed by an anonymous team with no publicly disclosed founders, advisors, or treasury governance structures, and the token displays conflicting circulating supply figures across aggregators ranging from approximately 102 million to 170 million units.
P33 carries several technical, security, and market risks. According to CertiK Skynet records, neither P33 nor its underlying protocol contracts have verified public security audits. The asset exhibits a stalled development posture with no recent code releases, changelogs, or active repository updates. Additionally, the token possesses an extremely constrained market profile, characterized by micro-cap valuation, low fragmented liquidity, negligible community engagement, and a minimal on-chain footprint showing only two holders in its primary Avalanche liquidity pool.