COS to the BEP2
Tags: Contentos, Binance, Trust Wallet, Blockchain, Cos Insights

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.

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/

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?