Binance Will Support the Red Pulse Phoenix (PHX) Token Migration to Binance Chain

2019-05-20 00:41

Fellow Binancians,

Binance would like to confirm support for the upcoming Red Pulse Phoenix (PHX) token migration of NEP5 PHX tokens to BEP2 PHB tokens on Binance Chain. We will suspend trading, deposits and withdrawals of PHX starting from 2019/05/22 04:00 AM (UTC).

Due to the rebrand of Red Pulse Phoenix (PHX), we have updated the original PHX ticker to PHB, with its new token name as Red Pulse Phoenix Binance. We will swap these tokens during the migration at a ratio of 1 PHX = 1 PHB.

Additionally, Binance will open trading for PHB/BNB, PHB/BTC, PHB/USDC, PHB/TUSD and PHB/PAX trading pairs at 2019/05/24 04:00 (UTC). Once trading opens, the previous PHX/BNB, PHX/BTC and PHX/ETH trading pairs will be removed and delisted.

Note:

Original NEP5 PHX tokens can still be deposited to your NEO deposit address on Binance after the swap. We will automatically convert these NEP5 PHX tokens to BEP2 PHB tokens for you.
After the token migration is complete, users will only be able to withdraw BEP2 PHB tokens, not NEP5 PHX tokens.
Deposits and withdrawals of PHB will open prior to the commencement of trading in the new PHB trading pairs.

For further information, please refer to Red Pulse’s official announcement at Red Pulse Integrates with Binance Chain.

Thanks for your support!

Binance Team

2019/05/20

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