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On August 26th, Red Pulse announced full functionality of the PHOENIX platform’s ability to support token deposits, withdrawals, and staking. The ability to deposit, withdraw, and stake tokens was recently delayed due to a security enhancement, which NEO News Today previously covered.

Instructions to deposit and withdraw funds can be found in the article link below:

https://blog.red-pulse.com/deposits-withdrawals-and-staking-are-live-ef3004902428

The Red Pulse team recommends users test the deposit and withdrawal functions with a small amount of PHX tokens, prior to moving large amounts of PHX to the platform.

Additionally, two-factor authentication is an option for all withdrawals from a Red Pulse account. Users will be limited to 5 withdrawals per day.

To begin staking PHX tokens, users can “Fire Up” their tokens by following the steps outlined in the following article:

https://blog.red-pulse.com/everything-you-wanted-to-know-about-staking-f2001d5f379b

For more information about Red Pulse visit the links below.