Guide: Prepare for the CPX:PHX merge & swap now!

Important dates

  • Monday, Nov 2: Apex/Phoenix teams will mint new PHX/PHB tokens to support the new merged supply
  • Friday, Nov 6th (estimated), at NEO block height 6,422,886: Snapshot will be taken of all NEO wallet balances holding CPX tokens
  • Sunday, Nov 8: PHX tokens are distributed to all NEO wallets that held CPX tokens during the snapshot. You will receive 2.5PHX for each 1 CPX at the time of the snapshot. Ie; 10,000 CPX becomes 25,000 PHX.

FAQ

  • Have your CPX tokens in a NEO Address to which you own the keys (ie private key, Ledger, keystore + password, etc.). Examples include O3 wallet and Neon wallet.
  • Remove your tokens from any exchange back to an address where you own the keys.
  • Have this in place prior to NEO Blockheight 6,422,886 (ETA Friday Nov 6th). Do it earlier to avoid any unexpected network congestion.
  • Yes you will. The important thing here is that you have control over the address and have the keys.
  • Wallets/apps where you import your keys will work for the swap. You will receive PHX directly to your address that holds CPX.
  • Assume the answer to be no. You should — but you may experience a significant delay, and the exchange may choose not to honor the swap. The PHX token will first go to the exchange’s wallet address, and the exchange would be responsible for distributing the swapped PHX tokens properly to all accounts that held CPX at the time of the snapshot. This means that the exchange is then responsible for sending crediting the tokens to your account (requires trust).
  • To avoid this and ensure you get the swap tokens directly to your own personal wallet, we recommend that you withdraw your CPX from the exchange and store it in your own address/wallet that you hold the keys to.
  • That being said, we have reached out to all three (four including Lbank) CEXes above to ensure that they are informed and able to prepare for the token swap, which would include ceasing all trading for the CPX token 24 hours prior to the blockheight snapshot.
  • Yes, you will. But, we still recommend that you cancel any open orders and withdraw your CPX from the exchange’s smart contract prior to the snapshot. This will also reduce the workload on the Switcheo team distributing the swapped tokens to those still having their tokens on the smart contract.
  • Switcheo will cease trading of CPX approximately 24 hours before the snapshot.
  • The swap will be 1 CPX : 2.5 PHX. For each 1 CPX you hold, you will receive 2.5 PHX.
  • PHX is the Phoenix Nep5 token on the NEO blockchain.
  • PHB is the Phoenix Bep2 token on the Binance Smart Chain.
  • When you receive your PHX token, you may send it to the Binance main exchange (do not send to a Binance DEX address without first swapping to PHB). Binance will automatically swap your token to PHB. It is imperative that you are sending to the Nep5 wallet address — this is specified in your Binance account when you select PHX. Binance includes several warning messages to ensure that you do not incorrectly send your tokens. See below photo:
  • Yes, you are free to do as you please once you have received the PHX token. Pay close attention to ensure whether the exchange you are sending to supports either the PHX (Nep5) or PHB (Bep2) version of the token.
  • This process is currently handled only on the Phoenix Red Pulse site. The site is currently undergoing maintenance.
  • Continue to store using your existing methods that you have been using for CPX — CPX and PHX are both Nep5 tokens on the NEO ecosystem.
  • No. This swap is only for CPX token holders.
  • The CPX will remain in your address with the same balanceas before. However, the token is useless/has been deprecated. CPX trading will halt/be removed on all current exchanges.
  • Do NOT attempt to buy or sell CPX after the snapshot as the tokens will at that time already be worthless.
  • Please wait for a future news release on these details.
  • Please wait for a future news release on these details.
  • The project team will mint an additional 1,692,472,474 Phoenix tokens (on both the parallel PHX Nep5 and PHB Bep2 tokens), representing 2.5x the 676,988,989.55 CPX total token supply.
  • Mind that a token is only ‘active’ on one chain at a time. When a user swaps a token from PHX to PHB it is frozen on Neo while being released on BSC, and vice versa.

Preparing for the swap

1. Switcheo

2. Other Exchanges

Depositing PHX to Binance

APEX Network

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APEX Team

APEX Team

Blockchain Powering the Next Generation of Consumer Applications