Coin98 is a Defi solution that offers users access to a wide range of cross-chain swaps, as well as stalking and yield farming. According to the team behind its development, the platform aims at fulfilling a series of unsatisfied demands in the entire industry, and by extension becoming a Gateway that connects users of TradeFi to the world of decentralized finance across the different blockchain. The platform can accomplish its mission via a complete suite of products released into the market, some of which include its dedicated wallet, Coin98, and its exchange, as well as Space Gate. These products allow users to send, revive, store and manage their various forms of cryptocurrency assets, while also connecting to different decentralized assets on multiple blockchain networks. Presently, the platform supports more than 40 blockchains, some of which include the Binance Smart Chain, the Ethereum network, Avalanche, Polygon, and several others.
The Coin98 platform serves as a multi-chain liquidity aggregator which supports several blockchains. While the platform is focused on the delivery of its specified services, the platform is also looking towards exploring other parts of the crypto industry such as a lending and borrowing system, entering the NFT marketplace, the derivatives market, and a Megafarm.
Who are the Founders of Coin98 (C98)?
The Coin98 platform was jointly founded by Thanh Le and Vinh The Nguyen. Both individuals have been in the blockchain space for quite some time and have built a name for themselves in the sector. Le for starters is a well-known serial entrepreneur and is also one of the early investors in a series of blockchain projects including Alpha Finance, Band Protocol, ThorChain, and several others.
Nguyen on the other hand is an executive at several other companies and is also credited as the co-founder of Kytek Software, a company that majorly reviews and builds applications according to the specification of their employers. Besides this, he and the Kytek Software co-founder have also been a part of several other blockchain-based projects.
What is Coin98 (C98) used for?
The Coin98 platform was followed on the Binance Launchpad with the system’s major focus being on decentralized finance. In essence, the coin pulls its liquidity from different decentralized exchanges, thus making it so that traders can make use of all types of advantages offered by the platforms such as lending, borrowing, yield farming, and more. Additionally, traders can also make use of these benefits in a cross-chain manner.
Apart from being in the business of providing its network users with a variety of cross-chain access, the platform also opens them up to the possibility of them swapping with the provisions made for them. The token holders are also endowed with specific opportunities on the platform which might not be generally available.
The delegated token of the Coin98 platform, C98 provides the holders with a variety of avenues for users to make a profit. For starters, from their earnings on the platform, token holders can exchange their C98 coins for other types of cryptocurrencies. While doing this, the token holders can make profits.
What Is the Unique Point of Coin98 (C98)?
The Coin98 platform has several qualities which make it uniquely designed to fit a vast variety of use cases. One of its most defining qualities is its possession of a multi-chain wallet engine compatibility. This implies that users can interact with all the different wallets tied to different blockchains, as supported by the platform simultaneously. This is executed with a single passphrase, without any inclusion of complicated switching requirements.
How many Coin98 (C98) coins are in circulation?
The C98 token is the delegated token of the Coin98 network. While serving as the token used for transacting on the platform it also serves as the governance token. The maximum token supply of the C98 token is 1,000,000,000, and of that amount, the platform has a circulating supply of 185,000,000 tokens.
The token allocation procedure of the C98 system follows a 21% being assigned to the growth of its ecosystem, 20% allocated to the community’s development, and 20% got the team. There was also a 15% allocation made for strategic sales on the platform, the treasury assigned 12%, seed sale, and Binance launch sale at 5% each. The last 2% to its advisory team.
Is the Coin98 (C98) Network secured?
The C98 token was deployed and is supported across a variety of platforms including Ethereum, Binance Smart Chain, and the Solana ecosystems. As such it exists simultaneously as an ERC-20 token, SPL token, and a BEP-20 token respectively.
Apart from its in-house dedicated team of developers, the platform has also successfully undergone several audits which were all aimed at ensuring its products and smart contracts are kept secure. Some of the audits it underwent include the Certik for Coin98 wallet, as well as the Armor for C98 smart contracts.
How do I buy Coin98 (C98)?
The Coin98 platform’s functionality of providing a bridge for its users that allows them access to a variety of cross-chain solutions is a major problem in the Defi industry. As a result of this, the platform also has layers of protection in all the blockchains it’s connected to, thus promoting its use by several individuals. Currently, the C98 token is available in several exchanges and can be purchased by the steps below.
- Create an account with the crypto exchange
- Then, transfer a specific amount of fiat money to the crypto account
- After they will have to wait till the transaction has been approved, they can now buy their C98 tokens.
Which Cryptocurrency Wallet Supports Coin98 (C98)?
The PTPWallet platform supports many cryptocurrencies simultaneously such as Coin98 (C98). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their Coin98 wallet because it offers a simple and interactive interface making it easy for people to navigate its system.