Coin98 (C98) - a decentralized finance (DeFi) solution that allows users to access cross-chain swaps, staking and yield farming.
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What is Coin98 (C98)?
Coin98 aims to meet the untapped demand in the industry and become the gateway, connecting TradFi users with any DeFi service on multiple blockchains.
It accomplishes this mission with a full suite of products, including the Coin98 Wallet, Coin98 Exchange and Space Gate (cross-chain bridge):
| Coin98 wallet | Allows users to store, send, receive, manage crypto assets and connect to numerous dApps on multiple blockchains. It supports over 40 blockchains such as Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, Terra, etc. on both mobile (iOS and Android) and Chrome extension versions. |
| Coin98 exchange | A multi-chain liquidity aggregator that supports assets on various blockchains, including but not limited to Ethereum, Binance Smart Chain, Solana, Avalanche and Polygon. |
| Space gate | An inter-chain bridge that allows changing and transferring values across multiple networks. |
The C98 token is the native utility token of the Coin98 platform and will be used for service fees, staking incentives, governance and unique membership rights. The platform was founded by Thanh Le and Vinh Nguyen. Thanh Le was a serial entrepreneur and an early investor in ThorChain, Band Protocol, Alpha Finance, and more.
Vinh The Ngyuyen is the co-founder of Kytek Software, a company that helps people to view and create apps. Khiem Dang is the CTO who is also the co-founder of Kytek Software.
Project features
A unique feature of Coin98 Wallet - the first multi-chain, compatible wallet engine, which means that users can interact with different wallets on different blockchains at the same time, with a single passphrase, without complicated switching requirements.
The state of DeFi is basically identical to that of decentralized liquidity sources, Coin98 Exchange helps to significantly increase reliability by providing users with liquidity from various sources, including but not limited to Uniswap, SushiSwap, PancakeSwap, SerumDEX and MDEX. In this way, Coin98 Exchange provides an instant and secure exchange for smooth operation with the best price and slippage.
Platform cryptocurrency
C98, the token on the Coin98 network, is a utility or governance token. The circulating supply is 185,000,000, which is in line with the total supply. The maximum offer of C98 is 1 million. Tokens are distributed as follows:
- 21% of tokens go to the development of the ecosystem;
- 20% - for community development;
- 20% - per team;
- 15% - for a strategic sale;
- 12% - to the treasury;
- 5% - for the sale of seeds;
- 5% for the sale of Binance Launchpad, with the last 2% for advisors.
The C98 token is supported on Ethereum, Binance Smart Chain and Solana and exists as ERC-20, BEP-20 and SPL. In addition to its own development team, Coin98 also conducts external audits to ensure the security of its smart contracts and products. Some of the credited audits are Certik for the Coin98 wallet, Armor for C98 smart contracts (ETH and BSC).