Coin98 is a cross-chain liquidity protocol with a comprehensive suite of products, including the Coin98 Wallet, Coin98 Exchange, and Coin98 Bridge. The Coin98 Wallet is a non-custodial, multi-chain crypto wallet and gateway built as future multi-chain infrastructure.
The protocol provides users with a one-stop platform for accessing the decentralized finance (DeFi) ecosystem, such as decentralized exchanges, lending protocols, on-chain governance (via Snapshot), and blockchain-based games. Users can also perform cross-chain migrations through a mobile app, supporting 22 networks including Ethereum, Binance Smart Chain, Solana, Avalanche, and more.
The C98 token is the native functional token of the platform. Current and planned use cases for the C98 token include:
Ecosystem Development: Revenue from trading fees in C98 will be sent to a treasury fund, with a portion reserved 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 as X98. The exact distribution depends on protocol governance and may change.
Governance: Users can gain voting rights by staking C98 to receive X98, allowing them to participate in the governance process and modify product parameters.
Unique Membership Benefits: Users will receive tiered benefits on the platform based on the amount of X98 they hold. Some perks include participation in the Coin98 Launchpad and retroactive incentives from strategic partners.
The Coin98 platform consists of the following main components:
Coin98 Wallet: A multi-chain wallet that allows users to store, transfer, and manage crypto assets while connecting to numerous dApps across multiple blockchains. It supports 22 blockchains, including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, and Terra, available on mobile (iOS and Android) and as a Chrome extension.
Coin98 Exchange: A multi-chain liquidity aggregator that helps users swap, stake, lend, borrow, and earn cryptocurrencies. It offers smart order routing for optimal prices and low slippage.
Space Gate: A cross-chain bridge that facilitates the exchange and transfer of value across multiple networks. Token swaps are supported between the following networks:
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, with 20.00% of the total C98 token supply sold at $0.025/C98 and $0.075/C98.