Coin98 is a cross-chain liquidity protocol with a full suite of products, including Coin98 Wallet, Coin98 Exchange and Coin98 Bridge. Coin98 Wallet is a non-custodial multi-chain crypto wallet and gateway built as the multi-chain infrastructure of the future.
The protocol provides users with a one-stop platform to access the decentralized finance (DeFi) ecosystem, such as decentralized exchanges, lending protocols, on-chain governance (via Snapshot) and district-based Blockchain games. Users can also perform cross-chain migration through the mobile APP, supporting 22 networks such as Ethereum, Binance Smart Chain, Solana, and Avalanche.
C98 token is the platform's native functional token. Current and planned use cases for C98 tokens include:
Ecosystem Development: C98 revenue from transaction fees will be sent to a treasury fund and partially set aside for future product development and ecosystem growth.
Staking: Another portion of the treasury fund will be allocated to C98 holders who can stake their tokens for X98. The exact distribution depends on protocol governance and is subject to change.
Governance: Users can obtain voting rights by staking C98 in exchange for X98, and participate in the governance process to change product parameters.
Unique Membership Rights: Users will receive different levels of benefits on the platform, depending on the X98 they hold. Some of the benefits include participation in the Coin98 Launchpad and retroactive incentives from strategic partners.
Coin98's platform consists of the following main components:
Coin98 Wallet: A multi-chain wallet allows users to store, transfer and manage crypto assets and connect to numerous dApps. It supports 22 blockchains including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche and Terra on mobile (iOS and android) and Chrome extension versions.
Coin98 Exchange: A multi-chain liquidity aggregator that helps users exchange, stake, lend, borrow, earn cryptocurrencies. It provides smart order routing for optimal price and low slippage.
Space Gate: A cross-chain bridge that can exchange and transfer value across multiple networks. Token exchange between the following networks is supported:
ERC-20<->SPL
ERC-20<->TRC-20<->BEP-20
ERC-20<->AVAX C-Chain <->AVAX X-Chain
The project has raised $12.5MM through two private rounds, of which 20.00% of the total supply of C98 tokens Sold for $0.025/C98 and $0.075/C98.
As of July 15, 2021, the total supply of C98 is 1,000,000,000, and the circulating supply at the time of listing on Binance is approximately 185,000,000 C98 (approximately 18.50% of the total token supply).
