COS to the BEP2
Published in
4 min readJun 19, 2019
Dear COSer,
Since the announcement of joining Binance Chain ecosystem, you might have a lot of questions that needs to be answered. Below are some of the most frequently asked questions which we have received from COSers.
• What’s the role of Binance Chain in Contentos?• How do I create wallet to hold COS in BEP-2 format?• How do I withdraw COS from Contentos website?• What should I do with COS in ERC-20 format?
Before we take a look at how to create a BEP2 wallet, let’s talk about why Contentos wants to joining the Binance Chain ecosystem.
What’s the role of Binance Chain in Contentos?
- Binance Chain provides higher transaction speed and lower transaction fee compared to Ethereum.
- Before Contentos MainNet launch, COS token will be circulated on Binance Chain in BEP2 format, instead of ERC-20 on Ethereum.
- Upon Contentos MainNet launch in September 2019,
• Native COS token will be created• Functions claimed in whitepapers (technical and non-technical) will be fulfilled
- Solutions for COS token swap from ERC-20 and BEP2 formats to native token will be provided upon Contentos MainNet launch.
How do I create a wallet to hold COS in BEP2 format?
- Contentos recommends Trust Wallet, the official cryptocurrency wallet of Binance.
- Trust Wallet is available at https://trustwallet.com/
• iOS: https://apps.apple.com/us/app/trust-ethereum-wallet/id1288339409• Android: https://play.google.com/store/apps/details?id=com.wallet.crypto.trustapp
- Let us walk you through step by step :
Step 1: Download Trust Wallet
- Download Trust Wallet
- Open Trust Wallet
Step 2: Create a new wallet
- Tap “Create” a new wallet
- Check the reminder and tap “Continue”
Step 3: Back-Up (VERY IMPORTANT!)
- Wallet Recovery Phase consisting of 12 unique words will be generated.
- Note these 12 unique words down in sequence from 1 to 12, saving it as you feel comfortable, (we recommend writing it down and putting it somewhere safe!) before tapping “Continue”
CAUTION: You will lose access to the assets in this wallet if you lose these phrases
- Verify that you have the correct sequence of your recovery phrase and tap “Continue” to next step.
Step 4: Wallet ready!
- Your wallet is ready, tap “Done” to view your wallet
- By default, Bitcoin(BTC), Ethereum(ETH), and Binance Coin(BNB) are reflected in Trust Wallet.
- Currently, your new wallet contains no cryptocurrencies
- Tap “Binance” to check the details of your BNB wallet
Step 5: Get your address
- Tap “Receive” to reveal your BNB wallet address
- Your BNB address is under the QR code and starts with “bnb”
- You will be able to receive BNB and tokens in BEP2 through this address
How do I withdraw COS from Contentos’ website?
- Starting from 6/20, you will be able to withdraw COS in BEP2 format from our new website https://cos.tv
- NOTE: You need to pass KYC before you can withdraw COS
- Let us walk you through step by step :
Step 1: Go to My Wallet
- After sign-in, click “My wallet”
Step 2: Add BNB wallet address
- At wallet page, you can check the balance of your account
- Click “Wallet addresses”
- Type in your BNB wallet address (should starts with “bnb”) , assign a label for easier identification, and click “Add”
- Your wallet address should be listed below
Step 3: Start withdrawal
- Click “My wallet” again
- Click “Withdraw” in COS panel
- Select your destination wallet and amount from drop down menu and click Confirm
- Enter the verification code and your withdrawal request is done
- We will process your withdrawal as soon as possible
What should I do with COS in ERC-20 format?
- VERY IMPORTANT: TOKEN SWAP ONLY VIA OFFICIAL CONTENTOS CHANNEL! DO NOT send tokens to any 3rd parties claiming to be doing the token swap!
- An official channel will be provided to assist with the conversion of COS from ERC-20 format to BEP2 format shortly
- Set up your BNB wallet, you will need one to store the new COS in BEP2 format