Phoenix Global (PHB) Token Migration a Redenomination Plan

Binance will support Phoenix Global (PHB) smart contract replacement and 100:1 token reduction plan. The specific arrangements are as follows:

Binance will suspend the deposit and withdrawal of PHB (BEP20, BEP2, NEO) at 10:00 am on November 1, 2021, Eastern Eighth District time. Please recharge in advance.

Binance will stop trading and delist all PHB spot trading pairs (PHB/BTC and PHB/TUSD) at 12:00 noon on November 1, 2021, East 8th district time.

All old PHB tokens held by users will be converted into new PHB tokens, and new PHB tokens will be issued at the ratio of 100 PHB (old tokens) = 1 PHB (new tokens).

After the token replacement is completed, the old PHB token will be named PHBv1, and the new PHB token will inherit the PHB code and logo.

PHB/BTC and PHB/TUSD spot trading will be opened at 12:00 noon on November 05, 2021, Eastern Eighth District time.

After the token replacement is completed, the opening hours for deposits and withdrawals will be announced separately.

After that, Binance will support the new PHB token (BEP20). Users can assets into the PHBv1 (BEP20, BEP2, NEO) is converted to a new token PHB (BEP20) function.

Go to Binance Official Website