Phoenix Global — Token Redenomination, NEO Decommission, and Restaking

Background

NEO Migration and NEO Swap

PHB Redenomination (100:1)

  • Reduced token supply. A 100:1 swap ratio will effectively reduce the PHB token supply from ~3.5 billion to 35 million.
  • Increased price. While the value of your PHB holdings will not be affected by this change, a higher token price in USD and BTC terms is generally more appealing, and allows for greater resolution in fractional tokens on exchanges. Upon commencement of trading following the swap, the price will begin trading at 100x the pre-swap price.
Table 1. Actions required to swap

FAQs

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Blockchain Enablement of the Real Economy. https://phoenix.global/

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Phoenix Global

Phoenix Global

Blockchain Enablement of the Real Economy. https://phoenix.global/

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