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What is Coin98 and Coin98 Wallet?

By | March 28, 2022

What is Coin98?

Coin98 is a protocol providing an ecosystem of DeFi products that is more accessible to Defi users. Available projects built on the protocol include decentralized exchanges, lending protocols, on-chain governance (via Snapshot), blockchain-based games, and so on.

Especially, Coin98 allows multi-chain activities and performs itself as the most outstanding and convenient protocol – which DeFi users do not necessarily have to have in-depth blockchain knowledge to join.

What Does Coin98 Offer?

Today, Coin98 supports all the features that it promised. In addition, users can access solutions across 20+ different blockchains. The platform notes over 284,000 users generating over $216 million in volume through more than 488,000 transactions. Tapping into the various blockchains, their liquidity and DeFi solutions generate deep liquidity for Coin98 and ensure users will access the best price when swapping tokens. Moreover, the team can optimize gas fees by exploring different “paths” to finalize transactions.

What Is C98 Token?

An integral part of the Coin98 ecosystem is C98, the native token. It resides on three blockchains: Ethereum, Binance Smart Chain, and Solana. The token serves many purposes, ranging from letting holders earn a share of transaction fees to staking rewards and unique membership discounts for the various services and products. Additionally, C98 lets users govern the protocol by submitting proposals regarding the Coin98 ecosystem.

What is Coin98 Wallet

A multi-chain wallet allows users to store, transfer and manage crypto assets on multiple blockchains. It supports more than 20 networks, including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, Terra, etc., on both Mobile (iOS and android) and Chrome Extension versions.

For the sake of getting to know about Coin98 Wallet, its features, its use-cases, and desirable airdrop events.

How Does Coin98 Work?

Building an open decentralized network for financial purposes is never a straightforward task. The ongoing competition in the blockchain space also fractures the broader ecosystem, making it too complex for users to get acquainted with different solutions and concepts. Unifying all of those options under one banner is a better objective, although it requires innovative technologies. By default, blockchains are incapable of communicating with one another.

The Coin98 ecosystem consists of numerous products, including Coin98 Ventures, Coin98 Labs, and Coin98 Network.

Coin98 Tokenomics

Key Metrics C98

  • Token Name: Coin98.
  • Ticker: C98.
  • Blockchain: Ethereum, BSC, Solana.
  • Token Standard: ERC20, BEP20, SPL.
  • Contract:
    BEP20: 0xaec945e04baf28b135fa7c640f624f8d90f1c3a6
    ERC20: 0xae12c5930881c53715b369cec7606b70d8eb229f
    SPL: C98A4nkJXhpVZNAZdHUA95RpTF3T4whtQubL3YobiUX9
  • Token type: Utility, Governance.
  • Circulating Supply: 185,000,000 C98.
  • Total Supply: 185,000,000 C98.
  • Max Supply: 1,000,000,000 C98

C98 Token Allocation

  • Ecosystem Growth: 21.00%.
  • Community Development: 20%.
  • Team: 20.00%.
  • Strategic Sale: 15%.
  • Treasury: 12%.
  • Seed Sale: 5%.
  • Binance Launchpad Sale: 5%.
  • Advisors: 2%

How to earn and store Coin98 tokens?

At this point, users can buy C98 at Binance Launchpad. In the future, users can acquire the token through:

Binance.
Coin98 Exchange.
Provide liquidity at Coin98 Exchange.
Staking activities.

Source: https://www.innogriti.com/what-is-coin98/

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