Coin98

C98
  • coin98
  • Coin98
    (C98)
  • Price
    $0.257
  • Market Cap
    $226.33 M

The cryptocurrency industry is home to many innovative concepts, including staking and token swaps. It also offers several earning opportunities to its target audience. Unfortunately, accessing all these features requires users to switch between currencies and ecosystems, creating an intuitive experience. Coin98 (C98) wants to position itself as an ‘all-in-one’ DeFi solution that encompasses these features and more.

As global interest in decentralized finance continues to grow, it is critical to provide appropriate solutions. And these solutions need to be as accessible as possible if DeFi is to gain mainstream adoption. Coin98 supports more than 20 blockchains and their native assets, making it easy for users to explore the different options at their disposal.

The idea behind Coin98 (C98) started to take shape in early 2020. With decentralized finance reaching new heights in terms of interest and value provided by users, it was the perfect time to develop a new project. Because the world needs an open financial infrastructure, the Coin98 team has made it their mission. Decentralized finance will be a one-stop solution for cross-chain swaps, betting, earnings, and yield farming, so the team recognized that there is a lot of work ahead of them to make this happen.

What is Coin98?

Coin98 Finance (C98) is an ‘all-in-one’ solution for decentralized finance (DeFi). Powered by the native C98 token launched through international exchange, the Coin98 network aggregates liquidity from multiple decentralized exchanges (DEX) protocols. Its purpose is to make cross-chain borrowing, lending, token swaps, and yield farming accessible to all. Also, Coin98 has several useful features. These include Coin98 staking facilities, the multi-chain Coin98 Wallet, Coin98 Labs, an incubator for promising new DeFi projects. The Coin98 crypto platform offers a variety of tools and services that allow users to access multiple blockchains and decentralized finance (DeFi) protocols in one place.

What does Coin98 (C98) offer?

Coin98 project supports all the features it promises. Additionally, users can access solutions on more than 20 different blockchains. The platform states that over 284,000 users generated over $216 million in volume with 488,000 transactions. Leveraging various blockchains, liquidity, and DeFi solutions create deep liquidity for Coin98 (C98), and users can access the best price when exchanging tokens. In addition, the team optimizes gas fees by exploring different ‘ways’ to finalize transactions.

What is Coin98 Finance?

Coin98 Finance is a decentralized finance (DeFi) liquidity aggregator and decentralized exchange (DEX), facilitating seamless cross-chain token swaps. Using the native C98 token and Coin98 staking Coin98 ecosystem is a one-stop-shop for interoperable DeFi lending, lending, and yield farming.

This ecosystem consists of a wide variety of DeFi products and services. This project collects liquidity from multiple sources and offers a crypto incubator service to launch promising DeFi projects.

The Coin98 ecosystem supports over 20 different blockchains and collects liquidity from some of the best-known DeFi protocols. Thanks to Coin98 staking facilities, users can earn profits by locking tokens. Besides that, the platform provides a wealth of analytics and educational resources. The platform even uses different routings for transactions through multiple liquidity sources, reducing slippage and optimizing ‘gas’ fees. With an additional suite of cross-chain liquidity services, the project aims to make DeFi more accessible to everyone.

Coin98 (C98) crypto ecosystem

The Coin98 (C98) network consists of many different elements. With various partnerships and integrations, the ecosystem brings together some of the biggest names in decentralized finance (DeFi), and there are three main branches at the heart of the project. These are Coin98 Ventures, Coin98 Labs, and Coin98 Media. Each of the branches is responsible for the sustainable growth and development of the project.

How does Coin98 work?

Building a decentralized network for financial purposes is by no means a simple task. The ongoing competition in the blockchain space also breaks the ecosystem, making it very complex for users to meet different solutions and concepts. Combining all these options under one heading is a better goal, although it requires innovative technologies. By default, blockchains cannot communicate with each other.

Coin98 (C98) initiatives

The Coin98 Ventures arm has a design to find and support developers who aim to improve the products for a blockchain and decentralized finance industry. Coin98 Ventures is an accelerator and incubator to power emerging decentralized finance (DeFi) projects. Coin98 Ventures, the venture arm of the Coin98 network, helps boot innovative DeFi projects across multiple blockchains by investing in decentralized applications (dApps) and DeFi protocols built on Ethereum, Solana, Binance Smart Chain (BSC), and Polkadot.

This issue includes funding projects, providing industry links and resources, and supporting promising blockchain companies in the early stages of development. In addition, the venture arm aims to accelerate the growth and adoption of decentralized finance (DeFi) by helping projects launch their products quickly.

Coin98 Labs

Coin98 Labs were to ‘meet untapped demand and develop demanded tools in the DeFi space.’ This matter is complete by building a diverse ecosystem of decentralized finance (DeFi) products and decentralized applications (dApps) across multiple blockchains.

Through Coin98 Labs, the team creates new DeFi solutions that make it easy for users to conveniently access markets. The team has developed several solutions, including a native wallet, exchange, portfolio, and marketplace solutions. More features appear on the horizon, including support for new chains in the mobile and additional wallets, integration of L2 solutions, and the launch of C98 staking on Ethereum and BSC. Integrating new AMMs and cross-chain bridges will also be a strong focus.

Coin98 Wallet

Coin98 Wallet is an unsupervised, cross-chain decentralized finance (DeFi) wallet and is the flagship product of Coin98 Labs. These Wallets are to store, send and receive digital assets on several different blockchains. In addition, the Coin98 Wallet serves as a versatile DeFi gateway, providing a seamless user experience for users of all levels, which is available through Bitunivex.

Coin98 Exchange

Coin98 Exchange is a decentralized exchange (DEX), and cross-chain liquidity aggregation protocol aggregates liquidity from multiple sources. This event facilitates instant, secure token swaps with efficient order routing and low slippage. Also, the decentralized exchange allows users to borrow, lend and stake tokens on different platforms.

Space Gate

Space Gate is an innovative cross-chain bridge protocol that facilitates the transfer of value between more than 20 blockchains and layer two solutions through the Coin98 crypto ecosystem. In addition, Space Gate provides network users access to multiple blockchains, DeFi platforms, and decentralized exchange protocols.

Space Gate encourages strategic partnerships across a broad segment of the crypto industry, enabling the project to leverage the power of some of the most widely used DeFi platforms and services. As a result, Space Gate brings together many of its cross-chain liquidity providers and services to revitalize the network and promote interoperability.

Coin98 Media

Coin98 Media is the platform’s in-house crypto network that connects various communities and industry partners. Additionally, the network provides a range of media resources and learning tools to equip the blockchain community with the necessary knowledge to navigate the DeFi environment.

The project’s media network is responsible for community engagement initiatives such as content creation contests. Plus, as the project matures, it can be expected to see further benefits put forward by the media arm to help the platform reach a high level of interoperability.

C98 Token

The native C98 Token is the utility token of the Coin98 ecosystem. The C98 Token is available on Ethereum, Binance Smart Chain (BSC), and Solana and serves five main functions. An integral part of the Coin98 ecosystem is the native token C98. It is available on three blockchains: Ethereum, Binance Smart Chain, and Solana. This token serves many purposes, from allowing holders to get transaction fees to betting rewards and unique membership discounts for different services and products. Additionally, C98 allows users to manage the protocol by submitting offers related to the Coin98 ecosystem. All of these properties are accessible for Bitunivex users.

Platform service fees

When using the decentralized exchange (DEX), participants have to pay a small fee for each transaction they make. This fee is for using the native C98 Token, which is possible through Bitunivex.

Coin98 Staking

Users of the Coin98 crypto ecosystem are encouraged to become liquidity providers by using Coin98 (C98) betting options to lock various digital assets into automated market maker (AMM) pools. Users can earn a passive income by providing liquidity among Coin98 betting options or by participating in liquidity mining, locking funds, and receiving C98 tokens in return.

Product development and growth

The Coin98 (C98) Token is to prepare a ‘self-sustainable, closed-loop economy’ through the network fees that get redistributed as incentives for the project community and platform participants. Some of these fees are for developments of the products and the growth of Coin98 in the crypto network.

C98 Token distribution

Below is a breakdown of the C98 token distribution:

  • International Exchange Launchpad Sale is 5% of the total token supply
  • Seed Sale is 5% of the total token supply
  • Strategic Selling is 15% of the total token supply
  • Team share is 20% of the total token supply
  • Advisors are 2% of the total token supply
  • Treasury is 12% of the total token supply
  • Ecosystem Growth is 21% of the total token supply
  • Community Development is ​​20% of the total token supply

The C98 Token price started at $0.25 at the seed sale. Following the international exchange Launchpad token sale in July 2021, the C98 Token has reached upward price momentum.

Coin98 Network

The Coin98 Network is a knowledge hub that provides a wealth of information and resources. Coin98 Insights may create regular updates, news, and research covering various aspects of the broad blockchain industry. The network provides a market overview using data-driven visualizations to aid informed decision-making for DeFi and crypto trading. In addition, the network also provides technical analysis, industry insights, and crypto news.

Coin98 Terminal

Coin98 Terminal allows users to send tokens to multiple addresses using the MultiSend function. The platform of the Token Issuer makes it fast and easy to create custom tokens across different blockchains.

Tokens can get issued in various forms. These forms include Ethereum ERC-20, Binance Smart Chain (BSC) BEP-20, Huobi ECO Chain HRC-20, TRON TRC-20, and Solana SPL token standards. The Coin98 Terminal allows users to create their token logos and write tokens.

What makes Coin98 (C98) unique?

While other DeFi projects explore cross-chain liquidity, they are generally limited to a handful of different blockchains. Coin98 has far surpassed the industry average by supporting more than 20 blockchains. This fact is made possible by Space Gate, an inter-chain bridge that enables swap and transfer between multiple networks. This one has already received several updates and might see more improvements in the coming months.

Accessing so many different blockchains would be impossible without strategic partnerships. Coin98 collaborates in many capacities with Polygon, Terra, PancakeSwap, Avalance, Elrond, Fantom, and Band Protocol. Maintaining a dialogue with different blockchain ecosystems allows creating a bridge to leverage cross-chain liquidity and services.

With a future-proof web application and multi-chain native exchanges coming to the wallet, the team might focus on making cryptocurrency and DeFi more accessible. Also available are the much-anticipated C98 token launch and staking support enhancements on multiple blockchains. By integrating more AMMs for liquidity and building additional cross-chain bridges, Coin98 could improve its overall ecosystem and draw more attention to DeFi projects on other blockchains.

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