Pharos PROS上线FDV突破11亿美元，与协鑫新能源换股交割条件基本达成

The Odaily Planet Daily reported on April 30 that Pharos officially announced that after its token PROS was listed on the 28th, it has met the valuation benchmark set during the strategic investment by the GCL Group. The preliminary conditions for the first batch of token-for-share settlement have been largely met, and both parties are currently fulfilling the final regulatory procedures for this.

GCL Group is an industry leader on the World Brand 500 list, and its subsidiary GCL New Energy (451.HK) will cooperate deeply with Pharos. Subsequently, Pharos will leverage GCL's overseas new energy and computing power assets to build a global A2A decentralized trading market based on real-world assets. By accumulating industrial operational data and other means, it will explore new business models beyond the traditional profit model of public chains, which primarily relies on Gas fees.

The Pharos team has committed that the revenue from cooperation with leading enterprises will be used for PROS buybacks in the long term, and the dividends from the listed company stocks it holds will be distributed to PROS holders in the form of airdrops.

According to earlier market information, the price of Pharos was above $1.1 within the first hour of trading on April 28, with a short-term FDV exceeding $1.1 billion.