Coin98 C98
About
What Is Coin98 (C98)?
Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming.
To learn more about this project, check out our deep dive of Coin98.
Coin98 aims to fulfill untapped demand in the industry and become a Gateway bridging TradFi users to any DeFi services on multiple blockchains. It accomplishes this mission through a full suite of products, including 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 & android) and Chrome extension versions.
Coin98 Exchange: A multi-chain liquidity aggregator that supports assets across a variety of blockchains, including but not limited to Ethereum, Binance Smart Chain, Solana, Avalanche and Polygon.
Space Gate: A cross-chain bridge that enables swapping and transferring values across multiple networks.
The C98 token is the native utility token of the Coin98 platform and will be used to pay services fees, as staking incentives, for governance, and unique membership rights.
In the Coin98 roadmap, there are plans to develop a launchpad, a lending and borrowing platform, a megafarm, a derivatives market and an NFT marketplace.
In July 2021, Coin98 was a Binance Launchpad project.
Who Are the Founders of Coin98?
The platform was co-founded by Thanh Le and Vinh The Nguyen. Thanh Le was a serial entrepreneur and an early investor of ThorChain, Band Protocol, Alpha Finance, and more.
Vinh The Ngyuyen is the co-founder of Kytek Software, a company which helps to review and build applications. Khiem Dang is the CTO, who is also a co-founder of Kytek Software.
What Makes Coin98 Unique?
The unique thing about Coin98 Wallet is the first multi-chain compatible wallet engine, which means users can interact with different wallets of different blockchains at the same time, with one single passphrase, without complicated switching requirements.
How Many Coin98 (C98) Coins Are There in Circulation?
C98, the token on the Coin98 network, is a utility or governance token. The circulating supply is 185,000,000, which is the same as the total supply. The maximum supply of C98 is 1,000,000,000.
The tokens are allocated as follows: 21% of tokens go to growing the ecosystem, 20% to developing the community, 20% to the team, 15% for strategic sale, 12% for the treasury, 5% for the seed sale and another 5% for the Binance Launchpad sale, with the last 2% for advisors.
For more information about the C98 tokenomics and release schedule, see here.
How Is the Coin98 Network Secured?
The C98 token is supported on Ethereum, Binance Smart Chain and Solana, and exists as an ERC-20, BEP-20 and SPL.
Besides the in-house dedicated dev team, Coin98 also has external audits to ensure its smart contracts and products are secure. Some of enlisted audits are Certik for Coin98 Wallet, Armor for C98 smart contracts (ETH & BSC).
Where Can You Buy Coin98 (C98)?
There are currently no known fiat trading pairs for C98, but you may be able to buy Bitcoin (BTC) with fiat and then trade it for C98 on Binance.
Our most recent articles about Coin98:
[What Is Coin98?]https://coinmarketcap.com/alexandria/article/what-is-coin98
AI Analysis
What is the Coin98 (C98) cryptocurrency good for? What are its main use cases?
Coin98 (C98) is a multi-chain decentralized finance (DeFi) platform that provides various financial services and solutions within the crypto space. Here are some of its primary use cases and features:
Decentralized Exchange (DEX): Coin98 offers a DEX where users can trade various cryptocurrencies directly from their wallets without the need for centralized intermediaries. This promotes greater security and privacy.
Liquidity Provision: Users can provide liquidity to various pools on the Coin98 platform, earning fees and rewards in return. Liquidity providers help facilitate trading on the DEX.
Cross-Chain Swaps: Coin98 supports cross-chain token swaps, allowing users to seamlessly trade assets across different blockchain networks. This feature enhances ecosystem interoperability.
Yield Farming: Users can participate in yield farming by staking their cryptocurrency holdings to earn rewards. This can involve providing liquidity or participating in specific platform initiatives.
Wallet Integration: Coin98 provides a decentralized wallet that supports a large variety of cryptocurrencies and tokens. The wallet allows users to manage their assets securely, swap tokens, and interact with decentralized applications (dApps).
Staking: C98 holders can stake their tokens to receive rewards. Staking typically helps secure the network while allowing participants to earn passive income.
Governance: C98 holders may have governance rights, enabling them to participate in decision-making processes regarding the platform's future developments, proposals, and upgrades.
NFT Marketplace: Coin98 has made strides in the NFT space, providing a platform for users to create, buy, sell, and trade non-fungible tokens.
Research and Analytics: The platform may also offer tools or resources for research and analytics within the crypto market, helping users make informed decisions.
Ecosystem Development: As Coin98 continues to evolve, the platform aims to integrate additional solutions to enhance its offerings and user experience.
Overall, Coin98 (C98) serves as a comprehensive hub for various DeFi applications, empowering users to engage with the cryptocurrency ecosystem in multiple ways. Users should always seek to understand the risks involved in these financial activities and any specific initiatives from the platform that may arise over time.
What blockchain does Coin98 use? Is it its own blockchain or built on top of another?
Coin98 is a multichain wallet that supports a wide range of blockchains, including Ethereum, Binance Smart Chain, Solana, and others. However, Coin98 itself does not have its own native blockchain. Instead, it is built on top of existing blockchain platforms and allows users to interact with multiple chains through a single interface.
The native token of Coin98, C98, is an ERC-20 token, which means it is built on the Ethereum blockchain. However, the Coin98 platform itself is designed to be chain-agnostic, allowing users to manage and interact with a variety of blockchain-based assets across multiple chains.
In other words, Coin98 is a "layer 2" application that runs on top of existing blockchains, providing a unified interface for users to interact with different blockchain networks, rather than having its own dedicated blockchain.
Is Coin98 programmable? Does it support smart contracts or decentralized applications?
Coin98 is primarily known as a multi-chain DeFi wallet and ecosystem that supports various cryptocurrencies and DeFi services. However, as of my last knowledge update in October 2023, Coin98 itself is not a blockchain platform that supports the creation of smart contracts or decentralized applications (dApps) like Ethereum or Binance Smart Chain.
Instead, Coin98 functions as a platform that aggregates various DeFi protocols and services, allowing users to manage their assets, swap tokens, and interact with different blockchains. Users can access dApps from within the Coin98 wallet, but the wallet itself does not provide a framework for creating or deploying smart contracts.
For any updates beyond that, it's best to check Coin98's official channels or documentation to get the most current information.
How fast are Coin98 transactions? What is the typical confirmation time and throughput (transactions per second)?
Coin98 is a decentralized finance (DeFi) platform that serves as a multi-chain liquidity solution, and it interacts with various blockchain networks. Therefore, the speed of transactions, typical confirmation time, and throughput can vary depending on the underlying blockchain that Coin98 is using for a specific transaction.
Transaction Speed: Since Coin98 is built on multiple blockchains including Ethereum, Binance Smart Chain (BSC), and Solana, the transaction speed will depend on the network being utilized. For example:
- Ethereum: Typically has a block time of around 15 seconds, but can vary due to network congestion.
- Binance Smart Chain: Has a block time of around 3 seconds.
- Solana: One of the fastest, with block times of around 400 milliseconds and a high transaction capacity.
Confirmation Time: Confirmation times will vary accordingly for each blockchain:
- Ethereum: Roughly 15 seconds to several minutes during peak times.
- Binance Smart Chain: Approximately 3 seconds.
- Solana: Usually less than 1 second.
Throughput (Transactions Per Second): Again, this will be influenced by the underlying blockchain:
- Ethereum: Can handle around 30 transactions per second (though this may improve with scaling solutions like Layer 2).
- Binance Smart Chain: Capable of around 100 transactions per second.
- Solana: Can support thousands of transactions per second, with claims of exceeding 65,000 TPS under optimal conditions.
To summarize, the speed and efficiency of Coin98 transactions will depend on the selected blockchain within its ecosystem. If you need precise metrics for a specific transaction, it may be beneficial to check the current state of the blockchain network being utilized in real-time.
How much data can I store on the Coin98 blockchain? Does it support on-chain data storage?
As of my last knowledge update in October 2023, Coin98 primarily operates as a multi-chain decentralized finance (DeFi) platform, facilitating the use and exchange of various blockchain assets. It is built on top of multiple blockchains such as Ethereum, Binance Smart Chain, Solana, and others, but its primary focus is on financial transactions and services rather than on-chain data storage.
Typically, most blockchains, including those supported by Coin98, do allow for some on-chain data storage, but this is generally limited to transaction-related data and smart contract interactions. If you need to store larger amounts of data, decentralized storage solutions like IPFS (InterPlanetary File System) or Arweave are often recommended as complementary solutions to blockchain technologies.
For specifics on any recent upgrades or features that may enable new forms of data storage on Coin98 or any specific limit on data capacity, you might want to check their official documentation or community updates.
Contact Us About Coin98
Are you a representative of the Coin98 project? Send us a message.