Red Pulse (RPX) Token Swap to PHOENIX (PHX) Supported by Binance

Crypto Exchange giant Binance just made an official announcement that they will support the Red Pulse (RPX) token swap to PHOENIX (PHX).

#Binance Supports Red Pulse (#RPX) Token Swap to #PHOENIX (#PHX)https://t.co/uUbGyJrO9c pic.twitter.com/gIKa9pRVBK

— Binance (@binance) August 6, 2018

Deposits and withdrawals of RPX will be suspended starting from 2018/08/11 4:00 AM (UTC), at which point the token swap will begin. Trading will be halted in all RPX trading pairs. The exchange will take an immediate snapshot of all RPX balances at the exact same time and begin the distribution of PHX to all eligible users at a ratio of 1 RPX = 1 PHX. Trading will open for the new PHX/BTC, PHX/ETH and PHX/BNB trading pairs at 2018/08/17 4:00 AM (UTC). Deposits and withdrawals for PHX will also be opened at this time.

If you are holding RPX outside of an exchange, on your own wallet and address that you control, Red Pulse will be airdropping PHX into your address. A snapshot will be taken of RPX balances at a specified NEO blockchain blockheight, sometime between August 12–13. On August 14, will then airdrop 1 PHX for every 1 RPX you held at the time of the snapshot.

The token swap process will be seamless and does not require any extra effort on the user’s end.

In accordance with Red Pulse’s original roadmap, the PHOENIX open-research platform promises to connect research consumers with content-producers via its cloud-based knowledge network. In order to achieve this, the PHOENIX platform will deploy “machine learning, natural language processing, and blockchain technology.”

You can read about the full details of the token swap on Red Pulse's medium page here or Binance's specific actions for the token swap here.

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