Centric Completes Migration to Binance Smart Chain

Centric Completes Migration to Binance Smart Chain

press release

PRESS RELEASE. After two-and-a-half years on the TRON blockchain, cryptocurrency project Centric completed their migration to the Binance Smart Chain (BSC). Centric announced the decision to migrate in May. Later that month, cybersecurity firm iosiro completed an audit of the updated BSC smart contracts. Two days before the migration, Centric added the first BEP-20 Centric Swap (CNS) tokens to the leading BSC decentralized exchange (DEX), PancakeSwap.

“As we completed the audit back in May, some community members wondered why we were waiting until July to make the jump,” said Centric COO Tommy Butcher. “Centric encompasses much more than just a smart contract. We’ve built an entire ecosystem that includes partners. We needed to give our devs time to get everything buttoned up before making the move. Taking the time to do it right paid off, as everything went super smooth,” Butcher said.

The migration began on July 15 and proceeded with minimal disruption. Within twenty-four hours, Centric Swap (CNS) and Centric Rise (CNR) tokens held in the Centric Web Wallet were updated to BSC’s BEP-20 format. For users with tokens in an external wallet, Centric deployed a self-service TRON-to-BSC conversion tool via Centricswap.com.

Post migration, Centric has announced several exciting developments. Their first post-migration partner, decentralized finance (DeFi) project RastaFinance, added CNS to their DEX and liquidity pool. They also added an option to stake RASTA tokens and receive rewards in CNS.

During the migration, Centricswap.com only supported swapping between CNS and CNR tokens using the MetaMask wallet. Today, six additional wallets are supported, including software-based TrustWallet, and hardware favorite SafePal.

Last week, the company announced a CNS integration with the cryptocurrency payment gateway MyCryptoCheckout, allowing ecommerce stores to accept CNS payments with zero transaction fees.

“It’s been an action packed few weeks since the chain jump,” said Butcher. “And this is just the beginning.”

Some exchanges supporting CNS are still integrating BEP-20 CNS. Centric advises users to check their website to see which exchanges are still in migration before attempting to purchase CNS.

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

FAQ Migration


About Centric



Source: news.bitcoin

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