Red Pulse Phoenix (PHX) & APEX Network (CPX) Merger Plan

This article was first published on Red Pulse - Medium
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Dear Red Pulse Phoenix and APEX Network Community,

Many thanks for your patience over the last two weeks. We are excited to announce the logistics of the merger of the Red Pulse Phoenix and APEX Network token economies, infrastructure, project teams, and community. Please see previous announcements:

https://blog.red-pulse.com/red-pulse-phoenix-and-apex-network-to-merge-and-develop-horizon-defi-platform-d2421d1b97ba

https://medium.com/@APEXTeam/apex-network-and-red-pulse-phoenix-to-merge-and-develop-horizon-defi-platform-171df28b5f5c

Per the announcements, current CPX token holders will be airdropped 2.5 PHX for every 1 CPX that they hold. This PHX (NEP-5 token on NEO blockchain) can either be held in its current state, or can be converted to PHB (BEP-2 on Binance blockchain) by depositing the PHX into their Binance.com wallet. Doing so will automatically convert the PHX to PHB, and thus PHB will appear in the Binance wallet.

Merger Schedule:

November 2, 2020: Project team will newly mint additional 1,692,472,474 Phoenix tokens (on both the parallel PHX NEP-5 and PHB BEP-2 tokens), representative of 2.5 x 676,988,989.55 CPX total token supply.

~November 6, 2020 at blockheight 6,422,886: Snapshot will be taken of entire NEO blockchain to note all NEO wallets that contain CPX tokens, and their amounts.

November 8, 2020: Newly minted PHX tokens will be airdropped to CPX token holders directly into their NEO wallets.

Notes:

● CPX holders holding their CPX tokens on Switcheo are advised to transfer their CPX tokens to their own NEO wallets prior to November 4th. Being a DEX an airdrop to the exchange smart contract is not possible. As such the Switcheo team has been contacted and will receive the corresponding amount of PHX for manual distribution — this distribution is expected to take some time.

● CPX holders holding their CPX tokens on Hotbit, Switcheo, Bit-Z, and BitBNS are advised to transfer their CPX tokens to their own NEO wallets prior to November 4th. These ...

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