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Huge suspense for PHOENIX has enabled the incognito release of Red Pulse‘s highly anticipated Research Platform, two months early.

In recent weeks, global Red Pulse and NEO communities have been buzzing with excitement. One question has been at the forefront of the flurry; “What is PHOENIX?”

On June 11, Red Pulse’s Marketing Manager, Amy Kang released a Message from CEO, Jonathan Ha. In this message, Jonathan stated “on July 21 in Seoul as an official event capping Korea Blockchain Week … I’ll be making a major announcement related to all the fantastic progress that our product and engineering teams have been working on”. This was the first time it was publicly hinted that huge developments were on the horizon for Red Pulse.

Fast forward to June 23, where Jonathan publicly spoke of PHOENIX for the first time, during Red Pulse Live AMA 2018.06.23 . This mention of PHOENIX was then recapped and expanded on by Red Pulse’s Lead Marketing Strategist, Sombat Southivorarat, in his publication of Red Pulse Bi-Weekly Report 2018.06.25. Sombat addressed the buzzing community; “You may be asking yourself, “What is PHOENIX? Well…PHOENIX is what we will be unveiling during our Seoul event on July 21st”.

Excitement continued to build around PHOENIX, as Red Pulse announced community bounties, competitions, a quiz night and even a live demo of PHOENIX to be presented to attendees of The PHOENIX Asia Tour, by Co-Founder, Stanley Chao.

Unliterate_Steve, an observant members of the Red Pulse community very recently pointed out on Reddit that Red Pulse Deployed a New Smart Contract on NEO named Red Pulse Phoenix Token, visible on NeoTracker. Plenty of community speculation has occurred about possible uses and distribution of “PHX” tokens. But the most suitable initial outline can be found in Sombat’s article A Sneak Peek at PHOENIX, where it is noted that ““Proof of Creation” and “Proof of Ownership” … make up two core parts that will be released as part of PHOENIX.”

With all of the fuss about PHOENIX taking the spotlight, it was only pointed out in recent hours by Neo News Today that Red Pulse “has stealthily Released its Open Research Platform”, live on the Red Pulse website. This release is a massive milestone for Red Pulse China, and has been released two months earlier than promised!

Red Pulse’s PHOENIX event in Seoul is set to kick off in under thirty minutes, at the time of publishing, and a livestream of the event can be viewed here on Red Pulse’s YouTube Channel.

It is evident that a lot of hard work has gone into the creation and revelation of PHOENIX. The 500 GAS registration fee for a new NEO Blockchain Asset aside. And I have the feeling the Red Pulse community is about to be treated to something special indeed!

Jonathan Ha regularly states that Red Pulse is “focused on delivering real world value in the form of products and services”, rather than focusing on the price of RPX itself. You can see him reiterate this message in a recent YouTube interview with KillaWhale.

The latest incognito release of the Red Pulse open research platform, without any attempt by the project to hype things up, makes it plain to see that Jonathan is a CEO who stays true to his word. He is leading a team that is focused on building fundamental use, rather than worrying about current token prices. Although, some very basic TA can show that RPX is knocking against the final resistance line of a major downtrend that has been in place for the last 6 months. This downtrend has been experienced by most Alt Coin markets throughout 2018, but Red Pulse appears extremely close to a breakout at the time of writing.

Basic Descending Wedge TA charted by Chris Tannahill on https://tradingview.com

Could the awakening of PHOENIX and the early release of the open research platform signal a new fundamental era for Red Pulse, as well as a new market trend for RPX??

-As NextPakk’s Community Advisor, it might seem unusual to some that I’m reviewing another project. However, the NextPakk Team are big believers in Red Pulse’s work, and we plan to review to review the new open research platform to identify where it can be helpful to NextPakk in our plans for international expansion.