Pharos successfully landed on Coinbase, meeting the conditions for the first share exchange settlement with GCL New Energy (451.HK), a subsidiary of Golden Concord Holdings, jointly creating a new paradigm integrating Web3 with new energy and computing power.
- Core Viewpoint: The Pharos public chain, through its native token PROS being listed on Coinbase Pro and completing a "token-for-equity" settlement with GCL New Energy, marks a milestone in the deep integration of Web2 real-world industries with Web3 technology, constructing an industrial-grade commercial closed loop that transcends the traditional gas economy.
- Key Elements:
- The PROS token was listed on exchanges including Coinbase Pro on April 28, with its opening market capitalization exceeding the valuation benchmark at the time of GCL New Energy's strategic investment, meaning the prerequisite conditions for the settlement have been essentially met.
- Through the "token-for-equity" arrangement, GCL New Energy has achieved deep interest alignment with Pharos, providing a demonstration model for traditional industrial capital to compliantly enter the crypto economy.
- Leveraging GCL New Energy's overseas computing power and energy assets, Pharos will build an A2A decentralized trading market based on real-world assets, driving new business opportunities such as Agentic Payment.
- The platform will be the first to accumulate large-scale industrial operational data (e.g., machine maintenance, AI skill data), forming unique industry know-how and generating data monetization models for enterprise clients.
- Pharos commits to using industrial cooperation proceeds to repurchase PROS or distribute dividends to holders, and will airdrop listed company stock dividends to PROS holders to enhance token value and create long-term value.
April 30, 2026 – Pharos, a next-generation public blockchain platform, today announced that its native token, PROS, was listed for trading on exchanges including Coinbase Pro on April 28. Within the first hour of trading, PROS's market capitalization had already exceeded the valuation benchmark set when GCL New Energy (451.HK) strategically invested in Pharos. This marks that the prerequisites for the initial batch of token-for-share swaps under the bilateral capital cooperation framework have been largely met. The process is currently undergoing final procedures with relevant regulatory authorities.
Highlight 1: A Two-Way Convergence of Web2 and Web3: A Milestone in the Integration of Industry and Technology
This transaction represents a landmark event in the deep integration of traditional Web2 industrial entities and cutting-edge Web3 technology. GCL Group, a Fortune Global 500 company consistently ranking among the world's top new energy enterprises, has forged a long-term, deeply intertwined bond of interests with Pharos through an innovative "token-for-equity" capital link.
Amidst simultaneous macroeconomic fluctuations in both the crypto asset market and traditional capital markets, the completion of this swap holds significant "stabilizing" value. It not only serves as a powerful validation of Pharos's underlying technological strength and global market liquidity but also provides a highly exemplary model for traditional industrial capital to participate in the crypto economy in a compliant and transparent manner.
Highlight 2: Beyond the "Gas Economy": Building a Long-Term Defensible Business Flywheel
The capital-level swap is merely the starting point for an expansive commercial blueprint between the two parties. Leveraging the abundant pipeline of new energy and computing power assets that GCL Group holds overseas, Pharos is constructing a novel business flywheel that transcends the traditional single-model of "on-chain transactions and Gas fees" prevalent in legacy public blockchains. Through this deep-rooted collaboration, Pharos will pioneer two unprecedented industrial-grade implementation models:
First, an A2A (Agent-to-Agent) decentralized marketplace based on real-world physical assets and electricity.
Future on-chain interactions will no longer be limited to humans and smart contracts. Leveraging the vast industrial scenarios of GCL New Energy, a myriad of new energy equipment and AI computing nodes will operate autonomously as independent agents on the Pharos chain. Pharos will provide a seamless A2A Marketplace for these real-world assets and the electricity and computing power they generate, spawning a plethora of opportunities including Agentic Payments. To support this entity-level, ultra-large-scale automated trading, Pharos has preemptively deployed top-tier security technologies, including post-quantum cryptography, to provide an unbreachable security guarantee for the large-scale on-chain migration of industrial capital.
Second, accumulating high-value on-chain industrial data to create unique Know-how and monetization models.
While traditional public chains accumulate financial transaction data, Pharos will become the first underlying protocol to massively accumulate "industrial operational data." Data from operational Agents, machine Skills data originating from global new energy facilities and computing centers will be continuously verified and stored on-chain. This data asset will gradually transform into Pharos's unique and hard-to-replicate industry Know-how. This will not only significantly enhance operational efficiency but also generate entirely new data monetization models targeting enterprise clients, injecting authentic and sustainable underlying cash flow support into the PROS ecosystem.
The Pharos core team stated: "Short-term market pricing cannot fully reflect the synergy generated by the deep binding of technology and industry. Achieving the conditions for the swap is just the first solid step we have taken together with GCL New Energy. In the future, Pharos will be more than just a technologically advanced public chain; it will be the super infrastructure connecting global new energy, AI computing, and the decentralized economy. Pharos commits to reinvesting a portion of the profits generated from cooperation with industry leaders back to PROS holders, either through buybacks to reduce circulating supply or by directly distributing dividends to enhance the unit value of circulating PROS. Furthermore, should there be dividends from the listed company shares held by Pharos, a portion of these stock dividends will be airdropped to PROS holders, creating irreplaceable long-term value for the market and the community."
