How to Swap COS BEP-2 to COS BEP-20

COSers,

In a previous post we announced that COS BEP-20 tokens are now available on Binance Smart Chain (BSC) and are supported on Binance Chain Wallet.

This article provides instructions on how token holders can swap their COS tokens between BEP-2 (Binance Chain) and BEP-20 (Binance Smart Chain). We also have more exciting applications on Binance Smart Chain coming soon so please look out for an update soon.

Install Binance Chain Wallet Extension

You can follow this guide in order to get the extension configured on your computer: How to Setup Binance Chain Extension with Trust Wallet.

Prepare the COS (BEP-2 token)

Deposit some COS (BEP-2 token) and BNB (BEP-2 token) tokens to your Binance Chain wallet.

Get the Binance Smart Chain Address

On the Main Wallet screen, click on the “Network” setting at the top. Then choose “Binance Smart Chain Network”.

Click on “Receive” to show the QR code. “Copy” the address.

Send the COS (BEP-2 token) to the address

Go back to the “Binance Chain Network”. Click on “Send”, and choose “COS” under the list of assets.

Paste the “Address” that was copied earlier. Memo is not needed since you are using a decentralized wallet. Input the “Amount” and then press “Send”.

A confirmation screen will show up. Make sure the destination address and amount is correct. Press “Send” to continue.

Wait for Confirmation

The transaction will just take a few minutes to be confirmed on the “Binance Smart Chain” Network. You can check it via BscScan.

Add Custom Token (Optional)

Since COS (BEP-20 token) has just been deployed on the “Binance Smart Chain” the token might not show up right away on the list of assets.

Alternatively, the token can be added as a Custom token. Tap on the “+” sign beside “Manage Assets”.

Put the token contract 0x96dd399f9c3afda1f194182f71600f1b65946501 and then click on “Add Asset”.

The COS (BEP-2 token) has been converted successfully to COS (BEP-20).