English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 27 November 2020, 18:00 HKT/SGT
Share:
    

Source: Pheonix Global
APEX Network and Red Pulse Phoenix to Merge and Develop Horizon DeFi Platform

SHANGHAI, Nov 27, 2020 - (ACN Newswire) - After months of meticulous planning and discussion, the blockchain projects APEX Network and Red Pulse Phoenix have made a strategic maneuver to combine their platforms and ecosystems through a merger that will create a comprehensive enterprise data blockchain platform.


The merger creates a larger, more powerful infrastructure and ecosystem, effectively leveraging the best resources both companies have to offer (technology, platforms, token economics, liquidity, human talent, investor base, and marketing). This is the first notable instance of a token merger.

The combined entity will become Phoenix Global. APEX Network token holders will be granted Phoenix tokens at a ratio calculated based on moving average price, with the swap already executed as of early November, and the Phoenix Global merged token trading on major exchanges such as Binance. The Phoenix Global community will have a reach of over 60,000 individuals through social media and over 100,000 through mailing list subscriptions.

Phoenix Global has announced a new Defi platform called Horizon, an on-chain DeFi platform for exposure to real-world assets. Phoenix Horizon is a unique, differentiated DeFi platform focused on the real economy and enterprise ecosystem, and will enable crypto-users to participate in an array of DeFi use cases outside of the traditional DeFi scenarios, at the same time reaping rewards for contribution to use cases that provide real-world value.

At the core of the Horizon platform will be a synthetic assets platform that will make a variety of financial instruments, economic indices, intangible assets, and data to be able to be traded on-chain. Horizon will have a close working relationship and tie the platform in with the Binance ecosystem and Binance Smart Chain (BSC).

For more information on Phoenix Global, please visit www.phoenix.global or email support@phoenix.global.

Topic: Merger & Acquisition
Source: Pheonix Global

Sectors: Blockchain
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
UREEQA Announces New Qards Campaign, Staking Pools and Tier Structure  
Sept 16, 2021 21:00 HKT/SGT
Honda Exhibits the World Premiere of All-new BF150, BF135 and BF115 Large-size Marine Outboard Engines at the Genoa International Boat Show 2021  
Sept 16, 2021 18:08 HKT/SGT
Huisen and Xiaomi Formed A Strategic Cooperation to Develop Smart Home Business  
Sept 16, 2021 15:16 HKT/SGT
Applus+ IDIADA and MHI Group to Develop Testing and Verification System for Highly Automated Vehicles  
Sept 16, 2021 13:52 HKT/SGT
Hatten Land Enters into MOU with Singapore Myanmar Investco to Undertake 'Green' Crypto Mining Activities in Melaka  
Sept 16, 2021 08:45 HKT/SGT
AppSealing Introduces Data Encryption Solution for Android Apps  
Sept 16, 2021 08:00 HKT/SGT
AppSealing Introduces Data Encryption Solution for Android Apps  
Sept 16, 2021 08:00 HKT/SGT
Copying the small structures of Salvinia leaves  
Sept 16, 2021 06:00 HKT/SGT
ICCPP Holds GENE TREE Online Roundtable  
Sept 16, 2021 03:00 HKT/SGT
RCEP Qingdao Design Festival opens September 17  
Sept 16, 2021 02:00 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575