Pharos successfully completed its listing on Coinbase, meeting the initial share-swap settlement conditions with GCL New Energy Holdings (451.HK), a subsidiary of GCL Group, and working together to build a new paradigm for the convergence of Web3, new energy, and electric computing.

April 30, 2026 — The next-generation public blockchain platform Pharos announced today that its native token PROS was listed for trading on exchanges such as Coinbase Pro on April 28. Within the first hour of opening, PROS’s market capitalization exceeded the valuation benchmark set when GCL New Energy (451.HK) made a strategic investment in Pharos, marking that the initial token swap and equity transfer under the capital cooperation framework between both parties has basically been achieved, and they are currently completing final procedures with relevant regulatory authorities.

Highlight 1: The mutual advancement of Web2 and Web3: A milestone in industry and technology integration

This transaction is a landmark event demonstrating the deep integration of Web2 real-world industries with cutting-edge Web3 technology. GCL Group is a Fortune 500 company, ranking among the top global new energy companies. Through an innovative “token-for-equity” capital link, Pharos and GCL Group have achieved long-term deep interest binding.

In the current macroeconomic volatility facing both the crypto asset market and traditional capital markets, this delivery has a strong “stabilizer” significance. It not only powerfully affirms Pharos’s underlying technological strength and global market liquidity but also provides a highly demonstrative model for traditional industrial capital to legally and transparently participate in the crypto economy.

Highlight 2: Beyond “Gas Economy”: Building a long-term competitive moat with a complete business closed loop

The capital-level delivery is only the starting point of the vast business blueprint for both parties. Relying on GCL Group’s abundant overseas new energy and computing power assets, Pharos is constructing a new business closed loop that surpasses the traditional public chain’s “on-chain transactions and Gas fees” model. Under this deep cooperation, Pharos will pioneer two unprecedented industry-level implementation modes:

First, an A2A (Agent to Agent) decentralized trading marketplace based on real-world physical assets and electricity.

Future on-chain interactions will no longer be limited to humans and smart contracts. Relying on GCL’s extensive new energy industry scenarios, a vast number of new energy devices and AI computing nodes will operate independently as Agents on the Pharos chain. Pharos will provide a seamless A2A marketplace for these real assets and the electricity and computing power they generate, creating numerous business opportunities including Agentic Payment. To support such large-scale, entity-level automated trading, Pharos has preemptively deployed top-tier security technologies, including quantum-resistant cryptography, to provide unbreakable security for large-scale industry capital on-chain.

Second, consolidating high-value industry chain data to create proprietary know-how and monetization models.

While traditional public chains deposit financial transaction data, Pharos will become the first underlying protocol to deposit large-scale “industry operation data.” Data from global new energy facilities and computing centers’ operation and maintenance Agents, as well as machine Skills data, will continuously be verified and stored on-chain. These data assets will gradually transform into Pharos’s unique and hard-to-copy industry know-how. This will significantly improve operational efficiency and generate new data monetization models for enterprise clients, injecting genuine and sustainable underlying cash flow support into the PROS ecosystem.

The Pharos core team stated: “Market short-term pricing does not fully reflect the chemical reactions generated by the deep binding of technology and industry. The achievement of delivery conditions is a solid first step for us and 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 decentralized economies. Pharos commits: a portion of the benefits obtained from cooperation with industry leaders will be invested back into PROS holders, used to buy back circulating tokens or directly distribute dividends to holders to increase the unit value of circulating PROS; additionally, if dividends are received from listed company stocks held by Pharos, part of the stock dividends will be airdropped to PROS holders, creating irreplaceable long-term value for the market and community.”