What is Coin98 (C98) | What is Coin98 token

In this article, we’ll discuss information about the Coin98 project and C98 token

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.

Coin98 main components

Coin98 Exchange

As the main flagship component in the ecosystem, Coin98 Exchange is a multichain liquidity aggregator which supports multiple assets issued on different blockchains, such as Ethereum, BSC, Solana, Tron,…

Coin98 Exchange aims to create the smoothest, most continuous, and seamless experience for DeFi users. Let’s get it started by checking out Coin98 Exchange here: exchange.coin98.com.

Coin98 has developed a wide range of products revolving around the Coin98 Exchange, indirectly making the ecosystem to be more accessible by users and communities. Those products/ components include:

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. You can install the latest version of Coin98 Wallet through these links:

Coin98 Mobile Wallet:

iOS: ios.coin98.app or testflight.coin98.app
Android: android.coin98.app or apk.coin98.app

Coin98 Extension Wallet: extension.coin98.app or chrome.coin98.app

Coin98 Web Wallet: wallet.coin98.com

Coin98 Portfolio

Coin98 Portfolio is the 2nd product built by Coin98 Labs. It assists users in managing portfolio assets on different blockchains without requiring an Import Key. Coin98 Portfolio V1, at this point, allows users to track their wallets on the following chains: Solana, Ethereum, BSC, HECO, Avalanche C-Chain, Tron, TomoChain, Near, Polkadot, Kusama, Celo. To experience Coin98 Portfolio, visit here: portfolio.coin98.com.

Other components under development:

Coin98 Launchpad: IDO platform - Empowers innovative crypto projects through fundraising activities.
Coin98 Markets: a data platform providing Blockchain on-chain analysis.
Coin98 Terminal (Utilities): DeFi Tools & Utilities – brings users and DeFi closer.
Coin98 Lend & Borrow: Coin98 Lending & Borrowing platform.
Coin98 Mega Farm: Farming Market on Coin98 Exchange.
Coin98 Staking: Supports users to staking multiple crypto assets.
Coin98 NFT Marketplace.
Coin98 Derivatives: includes Margin Trading, Future Trading, Options Trading, etc.

To better understand the vision of Coin98 Labs with the values that the team wants to bring to users through each of these products, you can refer to the Coin98 Ecosystem.

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%

C98 Token Allocation.

C98 Token Sale

C98 Token Sale.

C98 Token Release Schedule

C98 Token Release Schedule.

Coin98 Token release schedule:

Ecosystem Growth: 4 years vesting, 30% release at TGE (Token Generation Event), linear unlock starting from the 2nd year.
Community Development: 4 years vesting, 30% release at TGE (Token Generation Event), linear unlock starting from the 2nd year.
Team: 4 years vesting, 1 year cliff, linear unlock starting from the 2nd year.
Strategic Sale: 2 years vesting, 1 year cliff, linear unlock starting from the 2nd year.
Treasury: 4 years vesting, 10% release at TGE (Token Generation Event), 1 year cliff, linear unlock starting from the 2nd year.
Seed Sale: 3 years vesting, 1 year cliff, linear unlock starting from the 2nd year.
Binance Launchpad Sale: 100% release at TGE.
Advisors: 3 years vesting, 1 year cliff, linear unlock starting from the 2nd year.

At the Coin98 Token Sale event on Binance Launchpad, 18.5% of the total Coin98 token will be released.

C98 Token Use-Cases

The C98 token is the native utility token of the platform. The current and planned use-cases of the C98 token include:

Transaction fees: on each transaction users have with Coin98 Exchange, Coin98 will collect a transaction fee.
Product development: C98 revenue from transaction fees will be partially used for future product development and ecosystem growth.
Staking incentives: The other fraction of transaction fees will be allocated to C98 Liquidity Provider.
Governance: Users may stake C98 to gain voting power and participate in the governance process to change product parameters.
Unique membership rights: Users will gain tiered benefits on the platform, enjoy retroactive incentives from Coin98, and have privileges when joining Coin98 products/ services (Coin98 Launchpad, Coin98 Exchange, etc.) or participating in events from strategic partners.

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.

Storage wallets & exchanges supporting Coin98 Token

C98 storage wallets

Users can keep their tokens at Coin98 Wallet – the wallet allows users to store, transfer and manage crypto assets on multiple blockchains.
The token has been built on 3 blockchains: Ethereum, BSC và Solana. Therefore, a multi-chain wallet like Coin98 Wallet is a perfect choice to manage Coin98 Token. Instructions on how to use Coin98 Wallet will be delivered promptly.

Exchanges supporting Coin98 Token

There has been no update on which exchanges the token will be listed. The good news is Coin98 Wallet has been integrating many widely-used AMM (Uniswap, SushiSwap,…), so for sure, the token will be available at Coin98 Wallet.
Any further changes in the future, the Coin98 team will update them to users.

Roadmap & Updates

There are many components/ products in Coin98 Ecosystems. Within the scope of this paper, we will explain the Roadmap of the main component: Coin98 Exchange.

Coin98 Exchange Roadmap includes 4 Phases:

Phase 1 (completed): Single-Chain Swap only.
Phase 2 (We are here): Market Expansions on different blockchains (Ethereum, BSC, Solana, Avalanche,…), simultaneously Bridge development to move assets between those chains.
Phase 3: Develops Smart Route on each Blockchain, offers users the best rates and low slippage without requiring them to visit each AMM at a time to finish transactions.
Phase 4: Connects native assets through Smart Route on different blockchains, forms a fully mature cross-chain crypto market.

Investors

Coin98 Labs has completed raising $1.25 million in the seed funding round, with the list of investors are the following:

Hashed: Hashed is a global, early-stage venture fund focused on backing founders who are pioneering the future of blockchain and cryptocurrency. The team includes talents coming from Seoul and Silicon Valley.
ParaFi Capital: ParaFi Capital is an alternative investment firm focused on blockchain and decentralized finance markets.
Spartan Group: Spartan Group is an Asia-leading blockchain advisory and asset management firm founded by former Goldman Sachs alumni. Spartan Capital offers advisory services for leading blockchain projects such as Dapper, Blockfolio, Solana,…
Multicoin Capital: Multicoin Capital is an investment firm that invests in cryptocurrencies, tokens, and blockchain companies, manages several billion assets across hedge funds and venture funds. It has been supported by Binance too.

Strategic Partners

Strategic Partners of Coin98 include:

Binance, the world’s biggest crypto exchange in the world by volume.
Coingecko, a global leader in tracking cryptocurrency data, tracking over 6000 tokens across more than 400 exchanges
Kyber Network, one of the flagship Vietnamese protocols and one of the best AMMs on the Ethereum blockchain

Introducing the Coin98 (C98) Token Sale on Binance Launchpad!

Binance is excited to announce the 20th project on Binance Launchpad - Coin98 (C98) . The token sale for Coin98 will follow the Launchpad subscription format , with the recording of user BNB balances starting at 2021-07-16 0:00 AM (UTC).

Binance will record user BNB balances for 7 days from 2021-07-16 0:00 AM (UTC) to 2021-07-23 0:00 AM (UTC). The final BNB holding amount for each user will be determined as the average of the 7 days, using the Daily Average BNB Balance calculation previously announced here .

C98 Token Sale Details:

Token Name: Coin98 (C98)
Launchpad Hard Cap: 3,750,000 USD
Hard Cap Per User: 20,000 USD (266,666.667 C98)
Total Token Supply: 1,000,000,000 C98
Total Tokens Allocated to Binance Launchpad: 50,000,000 C98 (5% of Total Token Supply)
Public Sale Token Price: 1 C98 = 0.075 USD (price in BNB will be determined prior to subscription)
Token Sale Format: Subscription
Supported Sessions: BNB only

Subscription Timeline:

Preparation Period 2021-07-16 0:00 AM (UTC) to 2021-07-23 0:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 7-day period. Your final average daily BNB balance over these 7 days will determine the maximum amount of BNB that you can commit later on.
Subscription Period 2021-07-23 6:00 AM (UTC) to 2021-07-23 10:00 AM (UTC): Subscription will open at this time for all eligible users for a 4 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. Please note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.
Calculation Period 2021-07-23 10:00 AM (UTC) to 2021-07-23 11:00 AM (UTC): Subscription closes and token allocation calculation begins.
Final Token Distribution 2021-07-23 11:00 AM (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Once deducted, your C98 and BNB tokens will both be transferred to your spot wallet.

How and Where to Buy C98 token?

C98 has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy C98

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase C98 from the exchange.

The top exchange for trading in C98 token is currently Binance

Find more information C98

☞ Website ☞ Explorer ☞ Explorer 2 ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Documentation ☞ Coinmarketcap

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What is Coin98 (C98) | What is Coin98 token | What is C98 token