Red Pulse recently released further information about its upcoming RPX to PHX token swap. The token upgrade was recently announced at the PHOENIX unveiling, previously covered by NEO News Today. PHX tokens will be swapped with RPX at a 1-to-1 ratio, and is scheduled to take place in August of 2018.

Red Pulse has sought to create a seamless token swapping process, with minimal effort required from individuals who hold tokens on either exchanges or private wallets.

For individuals holding RPX tokens on an exchange, the swap will automatically occur between August 15th and 18th. Deposit, trading, and withdrawals are set to suspend on August 11th. It is advised that users pay attention for further information to be released by exchanges that offer RPX trading pairs. Exchanges include:

  • Binance
  • Huobi
  • Kucoin
  • Bitbns
  • TDAX
  • HitBTC
  • Switcheo
  • Coinrail

For individuals holding RPX tokens in a wallet, PHX tokens will automatically be airdropped to the wallet address. The snapshot of wallet balances will be taken at a yet to be named block height, but will occur some time between August 12th and 13th. The airdrop is planned to take place on August 14th.

Token Swap Schedule

Below is the schedule for the planned token swap.

August 4 — NEON wallet adds PHX to wallet

August 9 — Exchanges communicate RPX trading suspension coming up on August 11th

August 11 — Exchanges suspend RPX trading, withdrawals, and deposits 

August 11 — wallet deactivates RPX transfers 

August 12–13 — Snapshot taken of RPX balances, at a specified NEO blockchain blockheight

August 14 — Airdrop of new PHX tokens

August 15–18 — Exchanges distribute PHX tokens to previous RPX account holders

August 19 — Exchanges commence PHX trading, deposits, and withdrawals

For more information about Red Pulse visit the following links below.