Pharos successfully landed on Coinbase, meeting the first batch of share swap conditions with GCL New Energy (451.HK), a subsidiary of GCL Group, jointly creating a new paradigm for integrating Web3 with new energy and computing power.
- Core Viewpoint: The Pharos public chain, through its native token PROS listing on Coinbase Pro and reaching a "token-for-equity" settlement with GCL New Energy, marks a milestone in the deep integration of Web2 real-world industries and Web3 technology, constructing an industrial-grade business loop that transcends the traditional gas economy.
- Key Elements:
- The PROS token was listed on exchanges including Coinbase Pro on April 28, with its market cap at opening surpassing the valuation benchmark at the time of GCL New Energy's strategic investment, essentially meeting the preconditions for settlement.
- GCL New Energy has achieved deep interest alignment with Pharos through the "token-for-equity" model, providing a benchmark example for traditional industrial capital to compliantly enter the crypto economy.
- Pharos will leverage GCL New Energy's overseas computing power and energy assets to build a real-world asset-based A2A decentralized trading market, driving new business opportunities such as Agentic Payment.
- The platform will be the first to massively accumulate operational data from real industries (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 revenues to buy back PROS or distribute dividends to holders, and will airdrop listed company stock dividends to PROS holders, aiming to enhance token value and create long-term value.
April 30, 2026 – Pharos, a next-generation public blockchain platform, announced today that its native token, PROS, began trading on exchanges including Coinbase Pro on April 28. Within the first hour of trading, PROS's market capitalization had already surpassed the valuation benchmark set during GCL New Energy (451.HK)'s strategic investment in Pharos, indicating that the initial conditions for the delivery of the first batch of token-for-equity swaps under the bilateral capital cooperation framework have been largely met. The final procedures are currently being completed 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 marks a landmark event in the deep integration of Web2 real-world industries and Web3 cutting-edge technology. GCL Group, a Fortune Global 500 brand and a leading global new energy enterprise, has achieved a long-term, deeply intertwined alignment of interests with Pharos through an innovative "token-for-equity" capital linkage.
At a time when both the crypto asset market and traditional capital markets face macroeconomic volatility, the realization of this delivery carries significant "stabilizer" implications. It not only provides powerful validation of Pharos's underlying technological strength and global market liquidity but also offers a highly demonstrative model for traditional industrial capital to enter the crypto economy in a compliant and transparent manner.
Highlight 2: Beyond the "Gas Economy": Building a Business Model with a Long-Term Moat
The capital-level delivery is merely the starting point for the vast commercial blueprint between the two parties. Leveraging GCL Group's abundant overseas pipeline of new energy and computing power assets, Pharos is constructing a novel business model that goes beyond the traditional public chain paradigm of "on-chain transactions and Gas fees." Through this deep collaboration, Pharos will pioneer the exploration of two unprecedented industrial-level application models:
First, an A2A (Agent-to-Agent) decentralized trading market 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 multitude of new energy devices and AI computing nodes will operate autonomously on the Pharos chain as independent Agents. Pharos will provide a seamless A2A Marketplace for these real-world assets and the electricity and computing power they generate, spawning a wealth of opportunities including Agentic Payments. To support such entity-level, large-scale automated transactions, Pharos has already deployed cutting-edge security technologies, including post-quantum cryptography, providing an impregnable security guarantee for the large-scale on-boarding of industrial capital.
Second, aggregating high-value on-chain industrial data to create unique Know-how and monetization models.
While traditional public chains aggregate financial transaction data, Pharos will become the first underlying protocol to aggregate "industrial operational data" on a large scale. Data on operational Agents and machine Skills from global new energy facilities and computing centers will be continuously verified and stored on-chain. This data asset will gradually transform into industry-specific Know-how that is unique to Pharos and difficult to replicate. This will not only significantly enhance operational efficiency but also generate entirely new data monetization models for enterprise-level clients, injecting genuine and sustainable underlying cash flow support into the PROS ecosystem.
The Pharos core team stated: "Short-term market pricing does not fully reflect the chemical reaction generated by the deep integration of technology and industry. Achieving the delivery conditions is the solid first step we have taken together with GCL New Energy. In the future, Pharos will not only be a technologically leading public chain but also a super-infrastructure connecting global new energy, AI computing power, and the decentralized economy. Pharos commits to allocating a portion of the profits generated from collaboration with industry leaders to PROS holders, for repurchasing circulating tokens or distributing dividends directly to holders, to enhance the unit value of circulating PROS. At the same time, should there be dividends from listed company stocks held by Pharos, a portion of those stock dividends will be airdropped to PROS holders, creating irreplaceable long-term value for the market and the community."
