Pharos Successfully Listed on Coinbase and Completed the First Share Swap Settlement with GCL New Energy (451.HK), a Subsidiary of GCL Group, to Jointly Establish a New Paradigm Integrating Web3, New Energy, and Computing

April 30, 2026 — Pharos, a next-generation public blockchain platform, today announced that its native token PROS has been listed for trading on exchanges including Coinbase Pro as of April 28. Within the first hour of listing, PROS’s market capitalization exceeded the valuation benchmark established during GCL New Energy’s (451.HK) strategic investment in Pharos—marking the substantial fulfillment of the initial share-for-token exchange conditions under the capital cooperation framework between the two parties. Final regulatory procedures are currently underway.

Breakthrough 1: A Two-Way Convergence of Web2 and Web3: A Milestone in Industry–Technology Integration

This transaction represents a landmark event in the deep integration of real-world industrial entities (Web2) with cutting-edge Web3 technologies. GCL Group—a Fortune Global 500 company ranked among the top firms in the Global Top 500 New Energy Enterprises—has forged a long-term, deeply aligned interest partnership 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 successful execution of this exchange carries strong “stabilizing” significance. It not only robustly validates Pharos’s underlying technical capabilities and global market liquidity but also provides a highly exemplary, compliant, and transparent model for traditional industrial capital entering the crypto economy.

Breakthrough 2: Beyond the “Gas Economy”: Building a Sustainable, Moat-Protected Business Loop

The capital-level exchange is merely the starting point of a far larger commercial vision. Leveraging GCL Group’s extensive overseas pipeline of new energy and computing infrastructure assets, Pharos is constructing an entirely new business loop—one that transcends the conventional public-chain paradigm centered solely on on-chain transactions and gas fees. Under this deep collaboration, Pharos will pioneer two unprecedented, industry-scale implementation models:

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

Future on-chain interactions will no longer be limited to human–smart-contract engagements. Drawing upon GCL New Energy’s vast industrial ecosystem, massive numbers of new-energy devices and AI compute 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—unlocking abundant commercial opportunities, including Agentic Payment. To support such large-scale, entity-level automated transactions, Pharos has already deployed state-of-the-art security technologies—including post-quantum cryptography—to deliver uncompromising security for large-scale industrial capital onboarding.

Second, capturing high-value industrial-chain data to build proprietary Know-how and monetization models.

While traditional public chains primarily accumulate financial transaction data, Pharos will become the first foundational protocol to systematically capture “industrial operations data” at scale. Operational Agent data and machine Skills data from global new-energy facilities and compute centers will be continuously verified and stored on-chain. These data assets will gradually crystallize into Pharos’s unique, hard-to-replicate industry Know-how—significantly boosting operational efficiency while unlocking novel enterprise-grade data monetization models. This will inject genuine, sustainable, underlying cash flow into the PROS ecosystem.

The Pharos core team stated: “Short-term market pricing cannot fully reflect the synergistic chemistry generated by deep technology–industry integration. Fulfilling the exchange conditions marks our first solid step forward, jointly taken with GCL New Energy. Going forward, Pharos will be more than just a technologically leading public chain—it will serve as the super-infrastructure connecting global new energy, AI compute, and decentralized economies. Pharos commits to allocating a portion of the revenue generated from its industry partnerships—such as those with leading enterprises—to PROS holders, either by reducing circulating supply or by distributing direct dividends, thereby enhancing the unit value of circulating PROS tokens. Additionally, if Pharos receives dividends from its holdings in publicly listed companies, a portion of those stock dividends will be distributed to PROS holders via airdrop—creating irreplaceable long-term value for the market and community.”