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Centric Move to BSC - Update (1)

Important information for Centric’s migration to BSC on the 15th of July 2021

Centric has announced the migration to the Binance Smart Chain (BSC) in this post we will review everything you need to know about the move and how to prepare.

On the 10th May, 2021 Centric announced it will migrate to the Binance Smart Chain (BSC), after almost 2.5 years on the TRON blockchain. Centric’s tokens, Centric Cash (CNS) and Centric Rise (CNR) will move to the BEP-20 token standard native to the Binance Smart Chain.

Centric will officially migrate to BSC on the 15th of July 2021. On this date, Centric will cease to support TRON-CNR/CNS within its native wallet, and exchanges officially listing CNS will transition from supporting TRON-CNS to BSC-CNS.

The move to Binance Smart Chain represents the most exciting development since CNS launched on exchanges last July.

After the 15th of July 2021, TRON-based Centric tokens will continue to function unchanged through the Centric smart contracts; however, we encourage our holders to redeem their tokens on BSC so they can participate in trading and exciting new projects being developed for Centric on BSC.

For the migration, BSC-CNR/CNS can be redeemed one-for-one for TRON-CNR/CNS. No new tokens are being issued. 

In conjunction with migration, Centric Cash is being renamed to Centric Swap, as it better describes the token’s purpose. The CNS ticker will remain unchanged. 

We’ve endeavored to make the transition as simple as possible for our users. Below we provide an outline for the process. For more detailed information, please refer to the BSC Migration FAQ.

Centric Wallet Users

If you already hold your tokens on the native Centric Wallet the migration will be done for you automatically starting on the 15th of July 2021. Please ensure your TRON-based tokens are at your wallet address by 0600 UTC on the 15th of July 2021.

We expect the migration to take up to 24 hours. During this time you will be able to login to your wallet, however, send and convert functionality may be limited.

If you miss the deadline of 0600 UTC on the 15th of July 2021, don’t worry as we will be processing additional migrations in the weeks following the 15th of July 2021. Please keep an eye on our socials for announcements of when additional migrations will take place.

Please note, as part of this process you will be issued a new BSC Centric Wallet address. Be sure to log in to your wallet after the migration is complete to find your new address. Your TRON-based Centric Wallet address will no longer work, and any tokens sent there will be lost. For more information on the migration process for native Centric Wallet users, refer to the Centric Wallet Migration FAQ.

Other Wallet Users

If you hold your tokens in an external wallet you can use the Centric Convert tool. Please note that the Centric Convert tool only supports CNR conversion so you must first convert any CNS to CNR using the Centric Swap tool. This tool can be used anytime on or after the 15th of July 2021.

You also have the option of allowing us to manage the migration for your by creating an account at the native Centric Wallet and sending your tokens there before 0600 UTC on the 15th of July 2021
For more information on the Centric Convert tool, refer to the Centric Convert FAQ.

Users with CNS on exchanges

Exchanges will automatically replace your TRON-CNS with BSC-CNS, one-for-one. Please be aware that trading may be halted for a period of time. Refer to announcements from the individual exchange on the timeline for migration and trading halts.

Important links

Getting help

Make sure to read the BSC Migration FAQ.

If you still have questions, the best way to find help is to ask the Centric community.

If you are unable to find answers to your questions from the community open a support ticket at www.centric.com/support

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