Binance Crypto Exchange To Launch RPX Token Swap
The Binance crypto exchange's team has announced the swap of Red Pulse token (RPX) to digital coins PHOENIX (PHX), the official crypto exchange's website informs.
Developers will launch an updated PHOENIX research platform, supported by the new PHX token. In this regard, possibilities of deposit and withdrawals of RPX will be unavailable since August 11, 4:00 (UTC), on the Binance exchange. The exchange’s developers asked users to make sure that their RPX deposits will be processed by that time.
Since August 14, 4:00 AM (UTC), RPX trading will be stopped in all currency pairs. Users' balances will be fixed at the same time, after which the sharing of tokens in the ratio 1 RPX = 1 PHX will begin.
Featured image from PHOENIX official website
The start of trading with a new token in pairs with bitcoin, ether, and BNB is scheduled for August 17, 4:00 AM (UTC). Then the options for deposit and withdrawal of PHX will be available, and all trading pairs with RPX will be permanently excluded from the Binance's listing.
The developers of Red Pulse clarified that the process of exchanging tokens will vary depending on whether the coins are on the exchange or in the personal wallets. Over-the-counter holders need to provide a balance address with the RPX until August 12-13, after which the state of the balance will be fixed, and the coins will be replaced starting from August 14.
Earlier, the team of Bit-Z crypto exchange included the GSE token from GSENetwork in its listing, and LTC, MCO, and NULS tokens were excluded from the platform's listing on August 6.