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/
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