Home / Crypto News / Red Pulse ($ PHX) announces integration into Binance Chain

Red Pulse ($ PHX) announces integration into Binance Chain

Red Pulse ($ PHX) reported on its official blog the partnership with Binance on 19th this month, and announced that it would integrate the project’s ecosystem into the Binance Chain .

Red Pulse states that Binance has been a major contributor to the cryptocurrency community, and wants to actively participate in the decentralized ecosystem.

Most of Red Pulse’s ecosystem will be integrated into Binance Chain, and a new BEP-2 token called PHB will be launched . If you have deposited a traditional NEP-5 PHX token with Binance, it will automatically be exchanged for a PHB token.

Binance will continue to support both PHX and PHB deposits, but withdrawals will be PHB only. In addition, the total supply volume of PHX and PHB is the same as the previous PHX.

Meanwhile, Red Pulse is focusing on partnership with NEO, and the existing NEP-5 PHX token will continue to provide support as a native token at Redpulse.com.

Of course, Redpulse.com is also capable of handling PHB token deposits and withdrawals.

In response to this announcement, $ PHX has risen by up to around 42% to its March high.

Article Source: Red Pulse

Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/red-pulse-Binance-chain/

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided provided for entertainment and informational purposes only.

Please check the articles which have not been reviewed and verified all articles posted on CoinNewsDesk.com. Please independently research and verify any information found here before relying on facts. It is also important to do proper due diligence and analysis, including involving disciplines No content on Coin News Desk makes up a recommendation to enter in any type of investment or any investment in any investment strategy presented on this website. before making any decision regarding investments or your personal finances.

About Coin News Desk Team