Coin98 Ecosystem — Everything You Need Under One Platform
Introduction
Blockchain ecosystems are groups of actors that engage with one another within the blockchain world and with the off-chain world. Actors in a typical blockchain include users, miners, developers, and many others. Transactions are the primary means of interaction between these parties, although these transactions are nearly entirely limited to the blockchain itself.
An established blockchain ecosystem allows the blockchain to communicate with other blockchains, their actors, and the off-chain world. This interconnection enables development of systems that can selectively use the blockchain with its trustworthiness, transparency, and decentralization while leaving off-chain systems to perform functions at which they already specialize.
What is Coin98?
The Coin98 protocol acts as a one-stop portal for users to access Decentralized Finance (DeFi), which includes products such as, decentralized exchanges, lending protocols, on-chain governance, and blockchain-based games. Users are also able to conduct cross-chain migrations via the mobile app, which supports over 20 networks including Ethereum, Binance Smart Chain, Solana and many more.
Coin98 is a cross-chain liquidity protocol that aims to be the gateway from Traditional Finance (TradFi) to Decentralized Finance (DeFi)
Coin98 has grown rapidly over the last four years, bringing several projects and new features to help people on their path to learn more about DeFi. Coin98 was primarily active in Vietnam at the time, and it received a great deal of community support. Coin98 has now expanded outside Vietnam’s borders, functioning in a variety of popular languages.
The Coin98 Ecosystem is made up of three major components:
- Coin98 Labs
- Coin98 Ventures
- Coin98 Network
These key components have created a variety of products, including Coin98’s most well-known products. Coin98 Insights and Coin98 Wallet.
Coin98 Labs
Coin98 Labs is one of the key sections of Coin98 with the goal of developing projects in the crypto sector to assist users in accessing the market through a range of products. Coin98 Labs has released Coin98 Wallet, Coin98 Portfolio projects while Coin98 Exchange, Coin98 Markets will be available for users in the near future. Projects such as Coin98 Terminal, Coin98 Lend & Borrow, Coin98 Mega Farm, Coin98 Staking, Coin98 NFT Marketplace & Coin98 Derivatives are planned and under development which will also be released in the future.
Coin98 Wallet
Coin98 Wallet is a non-custodial wallet that allows users to store, trade, swap, and manage all of their digital assets in one application. Coin98 Wallet is presently one of the market’s leading wallet solutions, with the most functionalities.
More than 22 blockchains are currently supported by Coin98 Wallet, which includes Bitcoin, Ethereum, Binance Smart Chain, Solana, Polkadot, Polygon, Tron, Kusama, Binance Chain, ThorChain, Fantom, TomoChain, HECO Chain, Near, Avalanche X-Chain, Avalanche C-Chain, Celo, BandChain, Kava, Terra, Cosmos, Persistence.
Coin98 Wallet’s aim is to become a DApp that offers a comprehensive range of products and services to Crypto customers, as well as a better experience when utilizing these products. Coin98 Wallet is built on four platforms and serves as a portal that links users to the DeFi world. Version X, the latest version of Coin98 Wallet was released recently with ultimate set of upgrades that focuses on the user experience in DeFi.
Coin98 Wallet can be easily evolve and extend to a bigger scale in the future allowing,
- More blockchains will be supported.
- Additional DApps for DeFi users.
The X-Store, which will provide additional benefits to Coin98 Wallet users, is also scheduled to be released in the near future. Furthermore, with the Cross-Chain vision made possible by the Multi-Chain Wallet Engine technology, Coin98 Wallet’s purpose does not end with being an Aggregator DApp. Its primary objective is to become an important element of the larger Cross-Chain picture in the future, providing users with the easiest, most comfortable cross-chain trading experience possible.
Coin98 Mobile Wallets
Coin98 Chrome Extension Wallet
Coin98 Portfolio
Coin98 Portfolio allows users to manage portfolios by connecting to their wallet without having to import Private Keys. Ethereum, BSC, Solana, Polkadot, Tron, HECO, Avalanche C-Chain, TomoChain, Near, Kusama, and Celo are presently supported by Coin98 Portfolio.
Allowing users to examine the overall worth, as well as the proportions and statistics of their assets using an easy graph, is a unique feature of Coin98 Portfolio in comparison to other market rivals.
Coin98 Exchange
Coin98 Exchange has published and is developing the Alpha version, while also releasing the Beta version for consumers to experiment with. When utilizing Coin98 Exchange, customers may not only benefit from reduced transaction fees, but they can also trade on five of the most prominent DEXs all in one site.
Coin98 Exchange has incorporated the market’s most popular DEXs, including UniSwap, PancakeSwap, SushiSwap, MDEX, Serum DEX and more that will be added in the near future.
Space Gate: A cross-chain bridge that allows values to be swapped and transferred across different networks. It allows users to swap tokens between ERC20 tokens, BEP20 tokens, SPL tokens, and others.
Coin98 Markets
Coin98 Markets is a platform that allows users to obtain real-time price updates as well as complete information on each project’s Token Metric. More precisely, users may go to a project’s home page or community page, or filter the coins/tokens depending on the Market Cap, Trading Volume, and so on.
Coin98 Markets is still in Beta mode, and more features will undoubtedly be added in the future.
Upcoming Projects Under Development
- Coin98 Terminal: A development toolkit for programmers.
- Coin98 Launchpad: Enables creative crypto ventures to raise funds through fundraising activities.
- Coin98 Lend & Borrow: A Coin98 platform for Lending & Borrowing.
- Coin98 Mega Farm: DeFi’s Farming (Liquidity Providing) platform.
- Coin98 Staking: A function that allows you to stake and earn money.
- The Coin98 NFT Marketplace: A marketplace for buying and selling NFTs.
- Coin98 Derivatives: Trading platform for Coin98 derivatives.
Coin98 Ventures
Coin98 Ventures is focused on investing section of Coin98 Finance which seeks and funds developers to grow their projects while providing a better user experience. Coin98 Ventures has supported various developers and projects in developing solutions that capture value for the blockchain & cryptocurrency sector. Coin98 Ventures invests not just in DApps but also in blockchain platforms like as Ethereum, Solana, Polkadot, Binance Smart Chain, and others.
Coin98 Investments
Since the beginning, Coin98 Ventures initiative has successfully completed investments in many projects such as Poolz Finance, Mercurial Finance, Raydius, Impossible Finance, FMX, Konomi, etc. The team is dedicated to make Coin98 Ventures a leading investment organization which is accessible around the world.
Coin98 Network
Coin98 Network is Coin98’s media network, which offers the community with relevant information and analysis on the cryptocurrency market.
Coin98 Insights
Coin98 Insights is the cryptocurrency market’s Analysis & Research outlet. This is the Coin98 Network’s largest and most significant component, with the aim of providing diverse information and in-depth expertise to the crypto community. For more details on Coin98 Insights initiative,
Coin98 Analytics
Coin98 Analytics analyzes cryptocurrency data and presents it in the form of infographics so that consumers may quickly acquire important information. For more details on Coin98 Analytics,
Coin98 TV
Coin98 TV is a channel that offers cryptocurrency market facts and insights via the Coin98 Insights YouTube channel. Coin98 TV promotes involvement with the community by addressing it with videos that offer information in a simple and easy-to-understand manner.
Coin98 TV will be producing additional series with realistic and credible material for the community in the future months, such as AMA Community Livestreams, Podcasts, Expert Interviews, Market Trend Analysis, and so on.
Coin98 Academy
The main objective of Coin98 Academy is to deliver information of the crypto market that will assist users in gaining a firm grasp on the fundamentals, in-depth understanding, and the most recent market trends. All knowledge has been condensed into the Crypto 101 and DeFi 101 courses (in Vietnamese) on KTCity, which were delivered by the founder of Coin98, Mr. Thanh Le.
Coin98 Developers
In the future, Coin98 Developers will be launched with the goal of encouraging developers to design and develop Coin98’s products.
Coin98 Scholarship
Coin98 Scholarship offers scholarships to various universities such as FPT University, Foreign Trade University, and others in order to inspire the next generation to study more about the cryptocurrency industry.
Coin98 ($C98) Tokenomics & Use Cases
Token Name: Coin98
Token Ticker: C98
Token Type: BEP-20, ERC-20, SPL
Total Supply: 1,000,000,000 C98
Initial Supply: 185,000,000 C98 (18.5%)
Sale Price: 0.075/C98
$C98 Token Distribution
- Binance Launchpad Sale: 5%
- Seed Sale: 5%
- Strategic Sale: 15%
- Team: 20%
- Advisors: 2%
- Treasury: 12%
- Ecosystem Growth: 21%
- Community Development: 20%
$C98 Token Use Cases
- Platform Service Fees: For each transaction, Coin98 Exchange will incur a small fee in C98.
- Product Development and Growth: In order to create a self-sustaining, closed-loop economy, all platform transaction fees collected by the network, whether in C98 or otherwise, would be re-distributed as incentives to active contributors within the ecosystem, or set aside for future product development and ecosystem growth.
- Staking Incentives: In order for the Coin98 Exchange to work properly, users must be incentivized to act as liquidity providers and stake their digital assets in the decentralized market-making pools. As compensation for opportunity costs, these liquidity providers who contribute to the Coin98 Exchange’s operations by staking or adding assets to liquidity pools in exchange for liquidity provider tokens would be rewarded with C98 tokens, based on each user’s relative contribution after various adjustments and corrections.
- Governance: C98 token holders may submit and vote on governance proposals to define features and/or parameters of the Coin98 Exchange and its goods in order to establish decentralized community governance for the network. To avoid confusion, the right to vote is limited to voting on Coin98 Exchange features, the right to vote does not entitle C98 token holders to vote on the operation and management of the Company, its affiliates, or their assets, or the disposition of such assets to token holders, and does not constitute any equity interest in any of these entities. The arrangement is not meant to be a joint enterprise or partnership.
- Unique Membership Rights: C98 token holders will receive platform advantages in tiers dependent on the quantity of C98 owned. Users in higher tiers will get exclusive access to premium events and benefits, such as preferential participation in Coin98 launchpad events and marketing events with strategic partners.
Coin98 Team
- Thanh Le — Founder, Serial Entrepreneur. Early investor in THORChain, Band Protocol, Alpha Finance, and more.
- Vinh The Nguyen — CEO & Co-Founder, Co-Founder of Kytek Software.
- Khiem Dang — CTO, Co-Founder of Kytek Software.
- Tung Nguyen — Product Manager, 8 years experience in software production. Former software engineer at FPT Software.
- Pham Nam Thang — Quality Control Manager, 6 years experience in software testing. Former QA / QC at FPT Software.
- Tris Vuong — Head of Marketing, Co-founder of Tiendietu.org — crypto media.
- Minh Ho — Head of Growth, Former Sales Manager at Moteefe.
- Willy Pham — Head of Digital, Advisory Board Member of Underground Agency Network (UAN).
Conclusion
Coin98 is an all-in-one DeFi Platform that seeks to meet unfulfilled industry needs and become a Gateway connecting TradFi customers to any DeFi service on various blockchains. This objective is accomplished through a comprehensive suite of products, including Coin98 Wallet, Coin98 Exchange, and Space Gate (cross-chain bridge).
Coin98 Wallet: Allows users to store, transmit, receive, and manage crypto assets, as well as connect to a variety of dApps across various blockchains.
Coin98 Exchange: A multichain liquidity aggregator that allows users to exchange, stake, lend, borrow, and earn cryptocurrency at the highest prices and with the least amount of slippage.
Space Gate: A cross-chain bridge that allows values to be swapped and transferred between networks.
The C98 coin is the Coin98 platform’s native utility token, and it will be used to pay service fees, as staking incentives, for governance, and to grant unique membership privileges.
For More information about Coin98:
Author Details:
Name: Umesh Goonasekera
Twitter: @UGoonasekera
Telegram Username: @auda159
Coin98 BSC: 0xFD65Dd5175f224eeC09192B860F5fbE9048a9487