Pheasant Network (PNT)

Pheasant Network is an Ethereum bridge and DeFAI super app that aims to "create public goods loved worldwide."

It lets users chat with the built-in Pheasant chatbot and turns their requests into on-chain actions like bridging and swapping, with lending and staking still in development. Execution runs on two core modules:

• Bridge: Covers Ethereum and 10 L2s. ETH and smaller USDC transfers use optimistic settlement, while USDC transfers above 500 go through Circle's CCTP. A relayer pays the user on the destination chain upfront, and its bond gets slashed only if the transaction proves fraudulent.
   
• DeFAI agent: An ERC-7683 intent layer paired with an AI agent. It turns prompts like "move my funds from Base to Ethereum and convert them to USDT" into a full route plan, which the user then reviews and signs.

Pheasant Network company also offers its bridge as a service (BaaS). Developers can integrate it through the Pheasant SDK, and L1 and L2 teams can use it as their native bridge. Through an ERC-8004-compatible API, AI agents, wallets, and dApps can access the same bridge and swap.

🪙 $PNT token: $PNT is a utility token of Pheasant network blockchain the main utilities of which are fee discounts, governance, and access to paid Super App features.

From June 15 to September 13, 2026, the project ran a Buzz campaign on ChainGPT Pad, allocating 0.33% of the $PNT supply to participants. On September 30, 2026, it followed with a $PNT IDO on ChainGPT Pad, aiming to raise $150K at a $50M FDV.

✅ Pheasant Network pros:

• Solid product concept and design that taps into the hyped AI space;
  100% of IDO tokens unlock at TGE;
• Security audits from Quantstamp and Hashlock;
• Above-average Digital Marketing score;
• Decent partner network, with grants from the Ethereum Foundation (the strongest name), Polygon Labs, and Optimism.

❌ Pheasant Network cons:

• Not all product features are live yet;
• No public revenue data yet;
• Relatively high sale FDV ($50M), two-thirds of Jumper's $75M sale FDV;
• Incomplete token distribution and release schedule;
• Small monthly bridge volume (only $1.62M);
• Core team members have no experience at top-tier crypto companies.