Dear Red Pulse Community,

All of us at Red Pulse are very excited to announce that as part of our continued close partnership with Binance, Red Pulse has committed to integrating our tokenized knowledge ecosystem with the Binance Chain, a new blockchain software system developed by world-leading cryptocurrency exchange Binance and the community. As part of this effort, we will be migrating a major portion of our token ecosystem to Binance Chain. We recognize the immense value that Binance has contributed to the cryptocurrency community at large, and are looking forward to becoming an active participant in their new decentralized ecosystem and driving greater real-world applications of blockchain, specific to the knowledge and information space.

The integration will consist of the launch of a new BEP-2 token called PHB, native to the Binance Chain ecosystem, and subsequent migration of NEP-5 PHX tokens on Binance.com to BEP-2 PHB tokens, which will then be tradable on both Binance.com as well as Binance DEX, the new decentralized exchange feature developed on top of the Binance Chain blockchain. Binance users who hold PHX on Binance.com will automatically have their PHX tokens migrated to PHB, and the exchange will continue to support the deposit of both PHX and PHB, while allowing for withdrawals in PHB. The total token circulating supply of PHX + PHB will remain the same as before, ensuring continuity and transparency in regards to our market-driven token price and market cap.

At the same time, the existing NEP-5 PHX token will continue to be natively supported by the Redpulse.com platform. Red Pulse continues to be closely partnered with NEO and its pioneering blockchain infrastructure that has allowed Red Pulse to develop our smart contract-based Phoenix infrastructure: Proof of Creation, Proof of Ownership, Regulatory Compliance, IP Protection, and Accountability. Via this Phoenix infrastructure, intellectual property such as research notes and whitepapers can be registered, secured, and tokenized as non-fungible tokens (NFTs), and transferred between parties. As the Binance Chain continues to mature, Red Pulse will develop an identical infrastructure on the BEP-2 protocol as well.

Users of the Redpulse.com Phoenix platform will be able to deposit either PHB or PHX to our platform, earn staking rewards, and withdraw in either PHB or PHX. The Redpulse.com platform will also provide 1:1 conversion between PHX and PHB, freezing/unfreezing as necessary.

Key members of the Red Pulse team continue to spearhead the development of an open source Python SDK for the NEO blockchain infrastructure, and in a similar fashion, we will also be committing resources to developing a Python SDK for the Binance Chain infrastructure. Having native integration with two of the world’s most prominent and actively used ecosystems ensures that Red Pulse’s decentralized knowledge and information infrastructure Phoenix is actively preserved, with tokenized knowledge registered and secured across two major public blockchains.

We remain dedicated to developing the full potential of the Red Pulse Phoenix tokenized knowledge and information platform and will keep you informed of our progress.

Best regards,

Jonathan Ha

Founder and CEO, Red Pulse