Pharos PROS launches, FDV surpasses 1.1 billion USD, and the exchange conditions with GCL New Energy for share swap have been basically agreed upon.

Deep Tide TechFlow news: On April 30, Pharos officially announced that after its token PROS was listed on the 28th, it has met the valuation benchmark set for GCL Group’s strategic investment. The prerequisites for delivery through the first batch of token-for-token swaps have basically been met, and both parties are currently carrying out the final regulatory procedures.

GCL Group is a leading industrial flagship company among the world’s top 500 brands. Its subsidiary, GCL New Energy (451.HK), will collaborate closely with Pharos. Going forward, Pharos will rely on GCL’s overseas new energy and computing power assets to build a global A2A decentralized trading market based on real-world assets, and—by accumulating industry operation data and other measures—explore new business models beyond the traditional public-chain profit model primarily driven by Gas fees.

The Pharos team commits that the cooperation proceeds with leading enterprises will be used long-term for PROS repurchases, and that dividends from the listed company shares it holds will be distributed to PROS holders in the form of airdrops.

Previously, according to market information, on April 28, during the first hour after the market opened, Pharos’s price was above $1.1, with a short-term FDV exceeding $1.1 billion.