Pharos has announced that its PROS token, listed on April 28, has reached a fully diluted valuation exceeding $1.1 billion. This milestone meets the valuation benchmarks set by GCL Group for strategic investment. The preliminary terms for a token-for-share exchange between Pharos and GCL New Energy have been largely fulfilled, with final regulatory procedures underway.
GCL Group, a prominent player among the World's Top 500 Brands, will collaborate with Pharos to leverage its overseas renewable energy and computing power assets. This partnership aims to establish a global A2A decentralized trading market based on real-world assets. Pharos plans to use long-term earnings from these partnerships for PROS buybacks and distribute dividends as airdrops to PROS holders.
Pharos PROS Token Achieves $1.1 Billion Valuation, Partners with GCL New Energy
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