Coin98 is a decentralized finance (DeFi) platform offering users the ability to conduct cross-chain swaps, participate in staking, and engage in yield farming.
To dive deeper into this project, explore our comprehensive analysis of Coin98.
Coin98 seeks to meet unmet industry demands and act as a gateway that connects traditional finance users with DeFi services across various blockchains. This is achieved through a comprehensive set of tools, including the Coin98 Wallet, Coin98 Exchange, and Space Gate (a cross-chain bridge).
Coin98 Wallet: This feature allows users to store, send, receive, and manage crypto assets while connecting to numerous decentralized applications across different blockchains. It is compatible with over 40 blockchains, including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, Terra, etc., available on both mobile devices (iOS & Android) and as a Chrome extension.
Coin98 Exchange: Serving as a multi-chain liquidity aggregator, it facilitates transactions across multiple blockchains, including Ethereum, Binance Smart Chain, Solana, Avalanche, and Polygon.
Space Gate: This cross-chain bridge enables the swapping and transferring of assets across various networks.
The native utility token of the Coin98 platform, C98, is utilized for paying service fees, as staking rewards, for governance purposes, and for exclusive membership privileges.
Coin98's future plans involve launching a launchpad, a platform for lending and borrowing, a megafarm, a derivatives market, and an NFT marketplace.
In July 2021, Coin98 was featured as a Binance Launchpad project.
Who Are the Founders of Coin98?
Coin98 was founded by Thanh Le and Vinh The Nguyen. Thanh Le is a seasoned entrepreneur and an early investor in projects like ThorChain, Band Protocol, Alpha Finance, among others.
Vinh The Nguyen co-founded Kytek Software, a firm specializing in reviewing and developing applications. Khiem Dang, who is the Chief Technology Officer, is also a co-founder of Kytek Software.
What Makes Coin98 Unique?
Coin98 Wallet stands out due to its pioneering multi-chain compatible wallet engine, enabling users to interact with multiple blockchain wallets simultaneously using a single passphrase, eliminating the need for complex switching.
How Many Coin98 (C98) Coins Are There in Circulation?
C98 is the utility and governance token of the Coin98 network. Currently, the circulating supply is 185,000,000, which equals the total supply. The cap on the maximum supply is set at 1,000,000,000 tokens.
The distribution of these tokens is as follows: 21% is allocated for ecosystem growth, 20% for community development, 20% for the team, 15% for a strategic sale, 12% is reserved in the treasury, 5% for a seed sale, another 5% for the Binance Launchpad sale, and the remaining 2% is for advisors.
For further details on the C98 tokenomics and release schedule, click here.
How Is the Coin98 Network Secured?
The C98 token is available on Ethereum, Binance Smart Chain, and Solana, existing as ERC-20, BEP-20, and SPL tokens.
In addition to having a dedicated internal development team, Coin98 conducts external audits to ensure the security of its smart contracts and products. Among the auditors are Certik for the Coin98 Wallet and Armor for C98's smart contracts on Ethereum and BSC.
Where Can You Buy Coin98 (C98)?
C98 currently doesn't have direct fiat trading pairs, but you can purchase Bitcoin (BTC) with fiat currency and then exchange it for C98 on Binance.
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