(%)
Red Pulse is essentially a content curation platform, with a specific focus on research and information on the Chinese markets. It makes use of artificial intelligence and game theory to provide up to the minute information services to financial analysts and researchers.
Phoenix is the next evolution in Red Pulse, bringing forth a revolutionary new infrastructure and upgraded token (PHX). Phoenix is both a new platform and token (PHX). Building on top of the original roadmap that was initially outlined in the whitepaper, adding a new cloud-based knowledge network that connects research consumers with content-producers. Phoenix will utilize machine learning, natural language processing, and blockchain technology to power a more efficient ecosystem for matching industry experts to clients looking for insights. Phoenix platform is powered by PHX, which will replace the existing RPX token. PHX includes features such as Proof of Creation, Proof of Ownership, regulatory compliance, IP protection and accountability built right into the new smart contract.
At CryptoCompare we decided to split the historical data from the following versions:
Background:
The current PHB token has seen a number of changes over the past several years. The most notable of course is the merger with the Apex Network (CPX) token. The tokens Apex Network (CPX), Red Pulse (RPX), and now Phoenix Global were rooted originally with NEO. Legacy token contracts, inflation policy, and other technical items are still NEO-based.
NEO Migration and NEO Swap:
On September, 2021, the strategic direction of moving to BSC to enjoy relatively fast and cheap transactions, and a much larger audience, brought the decentralized staking. With the impending NEO N3 upgrade, Phoenix team have decided that at that time was the right time to migrate fully from NEO over to BSC. Phoenix Staker and PHB staking on Horizon Protocol will be updated to support the new PHB token.
Note: The PHXv1 (NEO), PHBv1 (BC), and PHBv1 (BSC) will have no use other than to swap to the new PHB (BSC) token in order to continue staking.
This article covers all information about the swap, including manual swapping and supported exchanges.
The official Red Pulse Phoenix ticker is “PHX” and trades under that name on all the exchanges where it has been listed. The designation “PHOENIX” is for CryptoCompare.com only.
Try our free Red Pulse Phoenix (PHX) portfolio tracker if you want to efficiently keep track of your PHX and other coin/token investments.