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Coin98

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Coin98?

Coin98 (C98) is a versatile DeFi solution that provides a comprehensive financial services platform, supporting multiple blockchains such as Ethereum, Binance Smart Chain, Solana, and Polygon. It offers a range of features including a decentralized exchange, multi-chain wallet, coin launching, financing, and auditing services, all powered by its native utility token, C98.

How is Coin98 used?

Coin98 (C98) is a decentralized finance (DeFi) platform that provides a comprehensive suite of tools and services for DeFi traders. The C98 token is the main governance and utility token of the Coin98 ecosystem, enabling users to access various features and functionalities within the platform.

Key Features and Uses of Coin98 (C98)
  1. Decentralized Exchange (DEX): Coin98 offers a multi-chain DEX that supports trading on various blockchains, including Ethereum, Binance Smart Chain, Solana, and more. Users can trade natively on these chains, leveraging the liquidity aggregated from multiple decentralized exchange protocols.

  2. Multi-Chain Wallet: The Coin98 wallet is a non-custodial, multi-chain wallet that supports over 100 blockchains, allowing users to store and manage thousands of coins and tokens from different networks. It also supports NFT storage and trading.

  3. Cross-Chain Swaps: Coin98 enables cross-chain swaps, allowing users to transfer assets between different blockchain networks seamlessly.

  1. Staking and Yield Farming: Users can stake their C98 tokens to participate in liquidity mining and earn passive income. This incentivizes users to provide liquidity to the decentralized market-making pools.

  2. Governance: C98 token holders have the right to propose and vote on governance proposals, influencing the development and features of the Coin98 Exchange and its products.

  3. Launchpad and Lending: Coin98 offers a launchpad for new projects and a lending platform, further expanding its DeFi capabilities.

  1. Mobile App: The Coin98 mobile app provides the same features as the desktop platform, allowing users to access the DeFi ecosystem on-the-go.

  2. Portfolio Management: Users can manage their portfolios by importing data from external exchanges and tracking market trends.

  3. DApp Browser: The Coin98 DApp Browser allows users to access various decentralized applications (DApps) across different categories, including exchanges, games, finance, and NFT marketplaces.

Benefits for Users
  • Convenience: Coin98 provides a one-stop solution for DeFi traders, combining multiple features and services in a single platform.
  • Accessibility: The platform supports numerous blockchains and DeFi protocols, making it easier for users to access and manage their assets.
  • Passive Income: Users can earn passive income through staking and yield farming.
  • Governance: C98 token holders have a say in the development and direction of the platform.

Overall, Coin98 (C98) is designed to simplify and enhance the DeFi experience by providing a comprehensive, user-friendly platform that supports a wide range of DeFi functionalities.

How do I store Coin98?

To store Coin98 (C98) tokens, you can use the Coin98 Wallet, which is a non-custodial wallet that supports multiple blockchains. Here are the steps to follow:

  1. Install and Set Up Coin98 Wallet:

    • For mobile, download the Coin98 app from the App Store (iOS) or Google Play Store (Android).
    • For the extension wallet, go to chrome.coin98.app, add the extension, and launch it.
  2. Create an Account:

    • On the mobile app, create an account by following the in-app instructions.
    • For the extension wallet, set up the wallet by following the prompts.
  3. Add the Supported Blockchain:

  • Coin98 supports C98 on Ethereum (ERC20), Binance Smart Chain (BEP20), Solana (SPL), Polygon (PRC20), and Viction (VRC25).
  • Add the corresponding blockchain to your wallet by selecting it from the available options.
  1. Transfer C98 Tokens:
    • Transfer your C98 tokens to the wallet address on the selected blockchain.
    • Ensure you have the necessary native coins for gas fees on the respective blockchain.

By following these steps, you can safely store your C98 tokens on the Coin98 Wallet, which offers a range of DeFi services and features.

How to buy Coin98?

To buy Coin98 (C98) tokens, you can follow these steps:

  1. Coinbase:

    • Create a Coinbase account.
    • Add a payment method.
    • Start a trade.
    • Select Coin98 from the list of assets.
    • Enter the amount you want to buy.
    • Finalize your purchase.
  2. Kriptomat:

    • Sign up for a Kriptomat account.
    • Secure your account by verifying your identity.
    • Purchase Coin98 by selecting it from the list of cryptocurrencies, entering your desired amount, and choosing a payment method (SEPA bank transfer, debit/credit card, or Skrill/Neteller).
  3. AscendEX:

  • Sign up for an AscendEX account.
  • Follow the platform's instructions to buy Coin98.
  1. Coin98 Super App:

    • Install or update the Coin98 Super App to the latest version.
    • Open the app and select "Buy Crypto."
    • Copy your wallet address to receive coins/tokens.
    • Select the coin/token and fill in the amount for the purchase.
    • Confirm the coin/token and the amount you want to buy.
    • Enter your wallet address and email for verification.
    • Select your payment method and fill in your personal and credit card information.
  2. Coin98 Extension:

    • Open the Coin98 Extension and click the "Services" icon.
    • Choose "Buy Crypto."
    • Copy your wallet address to receive coins/tokens.
    • Select the coin/token and fill in the amount for the purchase.
    • Confirm the coin/token and the amount you want to buy.
    • Enter your wallet address and email for verification.
    • Select your payment method and fill in your personal and credit card information.
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History of Coin98

Coin98 (C98) was created to meet the untapped demand in the industry, aiming to bridge the gap between traditional finance (TradFi) users and decentralized finance (DeFi) services on various blockchains. The platform was founded by Thanh Le and Vinh The Nguyen, who brought their expertise from previous ventures such as ThorChain, Band Protocol, and Alpha Finance.

One of the first and most prominent products of Coin98 was the Coin98 Wallet, a multi-chain wallet designed to provide a seamless experience for users interacting with different blockchains. Over time, the platform expanded its suite of products and services, introducing Coin98 Exchange, a decentralized exchange (DEX) platform that offers asset trading on multiple networks.

In 2021, Coin98 conducted an initial token offering (IDO) on the Binance Launchpad platform, which proved to be a success and led to increased visibility and adoption of the C98 token in the crypto community.

Since its inception, Coin98 has maintained a clear vision of providing tools and solutions to unify the fragmented cryptocurrency ecosystem. This vision has driven the development of its products and services, including collaborations and partnerships with various projects and platforms in the crypto space to enhance its offerings and expand its reach.

Today, Coin98 continues to evolve, offering a comprehensive range of products and services that cater to the needs of DeFi traders, including a decentralized exchange, multi-chain wallet, coin launching, financing, and auditing services. The C98 token, which is compatible with Ethereum, Binance Smart Chain, Solana, and other chains, serves as the main governance and utility token of the Coin98 ecosystem.

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How Coin98 works

Coin98 (C98) is a decentralized finance (DeFi) platform designed to provide a comprehensive suite of DeFi services in one place. It aims to bridge the gap between traditional finance and DeFi by offering a seamless and user-friendly experience across multiple blockchains. Here's an overview of how Coin98 works:

Key Components
  1. Coin98 Exchange: A multichain liquidity aggregator that supports multiple assets issued on different blockchains, such as Ethereum, BSC, Solana, Tron, and more. It provides a smooth and continuous experience for DeFi users.

  2. Coin98 Super App: A non-custodial, multi-chain wallet that allows users to store, send, and receive digital currencies across various blockchains. It also includes built-in DEXs, a cross-chain bridge, and a DApp browser.

  3. Coin98 Portfolio: A tool that helps users manage their portfolios across different blockchains without requiring an import key. It supports over 11 blockchains, including Solana, Ethereum, BSC, and more.

  1. Coin98 Markets: A data platform providing real-time prices and detailed information about tokens and projects.

  2. Coin98 Staking: A feature that allows users to stake multiple crypto assets and earn passive income.

  3. Coin98 Terminal: A suite of DeFi tools and utilities that brings users closer to DeFi services.

Functionality

Coin98 enables users to access various DeFi functionalities, including:

  • Cross-chain swaps: Users can easily exchange one crypto for another across different blockchains.
  • Staking and yield farming: Users can stake their C98 tokens to earn passive income.
  • Lending and borrowing: Users can lend and borrow crypto assets through the platform.
  • NFT marketplace: Coin98 offers an NFT marketplace where users can buy, sell, and trade NFTs.
  • Launchpad: An IDO platform that empowers innovative crypto projects through fundraising activities.
  • Derivatives market: Includes margin trading, future trading, options trading, and more.
Governance and Utility Token

The C98 token is the native utility and governance token of the Coin98 ecosystem. It plays a crucial role in operating the platform and brings various benefits to its holders. Key use cases of the C98 token include:

  • Ecosystem development: Transaction fees are collected and channeled into a treasury fund, which is used for future product development and ecosystem growth.
  • Staking: Users can earn passive income by staking their C98 tokens.
  • Governance: C98 token holders have voting power to participate in the governance process and determine the features and parameters of the Coin98 Exchange and its products.
  • Unique membership rights: C98 token holders gain access to exclusive benefits based on their holdings, such as priority participation in Coin98 launchpads and exclusive marketing events.

Overall, Coin98 aims to create a seamless and user-friendly experience for DeFi users by providing a comprehensive suite of services across multiple blockchains.

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Coin98's strengths

Coin98 (C98) has several strengths that make it a comprehensive and attractive DeFi platform:

  1. Multichain Support: Coin98 supports multiple blockchains, including Ethereum, Binance Smart Chain (BSC), Solana, and others, allowing users to seamlessly interact with various assets and services across different chains.

  2. Comprehensive Ecosystem: The platform offers a wide range of services, including a decentralized exchange, non-custodial wallet, cross-chain bridge, DApp browser, staking, and more. This provides users with a one-stop-shop for their DeFi needs.

  3. Governance and Utility Token: The C98 token serves as both a governance and utility token, enabling holders to participate in decision-making processes and access exclusive features and benefits.

  1. Staking and Passive Income: Users can stake their C98 tokens to earn passive income, providing a consistent income stream.

  2. Strong Tokenomics: The token distribution and release schedule are designed to support ecosystem growth and community development, ensuring a sustainable and fair environment for users.

  3. User-Friendly Interface: The platform offers a user-friendly interface, both on desktop and mobile, making it accessible to a wide range of users, from beginners to experienced traders.

  1. Security and Convenience: Coin98's wallet and bridge services prioritize security and convenience, allowing users to manage their assets and interact with DeFi services efficiently.

These strengths position Coin98 as a robust and versatile DeFi platform, catering to the diverse needs of users in the decentralized finance space.

Coin98's risks

Coin98 (C98) carries several risks, primarily due to its volatility and the nature of the cryptocurrency market. Here are some key points to consider:

  1. Volatility: Cryptocurrencies are highly volatile, and their values can fluctuate rapidly. This means that the value of C98 tokens can drop significantly, resulting in losses for investors.

  2. Risk of Loss: Investing in C98 tokens carries a high risk of losing all or part of the invested capital. This is because the market is highly unpredictable, and prices can drop suddenly.

  3. Regulatory Risks: The cryptocurrency market is subject to changing regulations and legal frameworks. If regulatory bodies impose stricter rules or restrictions, it could negatively impact the value and usability of C98 tokens.

  1. Security Risks: While Coin98 Exchange has robust security features, such as the Matrix Password and Extension Lock, there is still a risk of unauthorized access or hacking, which could compromise user funds.

  2. Market Risks: The cryptocurrency market is highly competitive, and changes in market sentiment or the emergence of new competitors can negatively impact the value of C98 tokens.

  3. Liquidity Risks: If there is low liquidity in the market, it may be difficult to buy or sell C98 tokens quickly, which can result in significant losses.

  1. Project Risks: The success of Coin98 depends on the continued development and adoption of its products and services. If the project fails to deliver on its promises or experiences technical issues, it could negatively impact the value of C98 tokens.

It is essential to conduct thorough research and exercise caution when investing in cryptocurrencies like Coin98 (C98).

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Coin98's ecosystem

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Coin98’s team

  • Thanh Le: Co-founder of Coin98, involved in the project from its early stages, and also an advisor for various crypto projects.
  • Nguyen The Vinh: Technical Co-founder, responsible for Coin98 product development.
  • Khiem Dang: Chief Technology Officer at Coin98, co-founder of Kytek Software.

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