Founded in 2015, Red Pulse started as a market intelligence platform providing research and analysis on China's economy and capital markets. It gained significant attention by launching one of the first Initial Coin Offerings (ICOs) on the NEO blockchain in 2017, introducing its PHX token to create a decentralized and sharing-based research ecosystem. The platform aimed to connect industry experts, researchers, and investors. In 2020, Red Pulse merged with and rebranded to Phoenix Global (PHB) to expand its focus towards decentralized applications (dApps) and consumer-focused crypto solutions.