Pharos PROS's FDV surpasses $1.1 billion; share swap terms with GCL New Energy essentially finalized.

On April 30th, Pharos officially announced that its token PROS, launched on the 28th, had met the valuation benchmark set by GCL Group for its strategic investment. The preconditions for the initial token swap have been largely met, and both parties are currently completing the final regulatory procedures. GCL Group, a leading industrial enterprise among the world's top 500 brands, will have its subsidiary GCL New Energy (451.HK) deeply collaborate 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 industry operation data, Pharos will explore new business models beyond the traditional gas fee-based profit model of public blockchains. The Pharos team has pledged that the profits from the collaboration with leading enterprises will be used for PROS buybacks in the long term, and dividends from its holdings of listed company shares will be airdropped to PROS holders. Previously, according to market information, Pharos' price was above $1.1 in the first hour of trading on April 28th, with a short-term FDV exceeding $1.1 billion.