|
|
|
|
|
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 Technology
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Shuangdeng Group Proposed Listing on the Main Board of the Hong Kong Stock Exchange
Aug 18, 2025 23:13 HKT/SGT
|
|
|
The 35th Food Expo and concurrent fairs attract over 500,000 visits
Aug 18, 2025 22:56 HKT/SGT
|
|
|
CENTRESTAGE 10th anniversary set to dazzle in September
Aug 18, 2025 22:56 HKT/SGT
|
|
|
Etrasimod Receives Strong Recommendation in the ACG Clinical Guideline Update: Ulcerative Colitis in Adults for Induction and Maintenance Phase of Moderately to Severely Active UC
Aug 18, 2025 21:55 HKT/SGT
|
|
|
Sino Biopharm (1177.HK) Announces 2025 Interim Results
Aug 18, 2025 19:11 HKT/SGT
|
|
|
Focus Graphite Announces Board Changes and Upcoming International Trade Mission with Natural Resources Canada
Aug 18, 2025 17:09 HKT/SGT
|
|
|
Qunabox Group Deliver Strong H1 2025 Performance with Over 30% Growth in Revenue and Gross Profit
Aug 18, 2025 15:36 HKT/SGT
|
|
|
Team Mitsubishi Ralliart Triumphs at Asia Cross Country Rally 2025 with Chayapon Yotha's Overall Victory and Team Award
Monday, August 18, 2025 2:22:00 PM
|
|
|
UNFPA and NEC Collaborate to Build Beneficiary Information Management and e-Voucher System
Monday, August 18, 2025 1:38:00 PM
|
|
|
Shoucheng Portfolio Wins 37 Medals at Humanoid Robot Games
Aug 18, 2025 10:35 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
