CoinDCX Pro will Support the Phoenix Global (PHB) Token Migration & Redenomination Plan

Dear Community,

  • CoinDCX Pro will support the Phoenix Global (PHB) token migration and 100:1 redenomination plan.

  • Please refer below for the timeline about this change.

    • CoinDCX Pro has delisted all existing PHB spot trading pairs (PHB/BTC and PHB/TUSD) and all pending trade orders have been cancelled.
    • CoinDCX Pro will recover all PHB balances and begin the distribution of PHB to all eligible users at a ratio of 100 PHB (Old) = 1 PHB (New).
    • After the token migration, the old PHB tokens will be renamed as PHBv1, and the new PHB tokens will assume the PHB ticker with the same logo.
    • Trading will then open for PHB/BTC and PHB/TUSD spot trading pairs at 12:30 PM (IST) on November 12, 2021.
    • We may or may not make a separate announcement after the token swap is complete.

    We appreciate your support and cooperation while we work on this.


Team CoinDCX

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