C98 Coin98
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Frequently Asked Questions
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Key Use Cases of Coin98
Ecosystem Development: The primary use case of Coin98 is ecosystem development. Transaction fees collected on the platform are channeled into a treasury fund, which is partly allocated for future product development and ecosystem growth. This ensures continuous innovation and expansion within the DeFi space.
Staking: Another significant use case is staking. By staking C98 tokens, users can earn passive income in the form of rewards. A fraction of the treasury fund is allocated to C98 holders who stake their tokens, providing them with a consistent income stream.
Governance: Coin98 emphasizes decentralized community governance. C98 token holders can participate in the governance process by staking their tokens, earning voting power to influence the platform's features and parameters.
Liquidity Provision: Coin98 serves as a multichain liquidity aggregator, enabling users to swap, stake, lend, borrow, and earn crypto assets across multiple blockchains. This provides a seamless and secure platform for various DeFi needs.
Cross-Chain Services: The platform offers cross-chain services, including a non-custodial, multi-chain wallet and a cross-chain bridge, allowing users to manage and transfer assets across different blockchains.
DeFi Tools: Coin98 provides a suite of DeFi tools, such as a DApp browser, multi-send functionality, and gas fee optimization, enhancing the user experience and efficiency in managing digital assets.
Exclusive Benefits: C98 token holders gain access to exclusive benefits, including priority participation in launchpads and marketing events, making their engagement with the platform more rewarding.
Last Updated: 12/3/2024 19:30 UTC -
Pros of Coin98
- Comprehensive Ecosystem: Coin98 provides a comprehensive and trusted ecosystem with globally needed services, including a non-custodial multi-chain wallet, native swap, cross-chain bridge, DApp browser, and a powerful terminal.
- Fast Transactions: It offers fast money transfer and management of multiple assets with high security, optimized gas fees, and adjustable slippage to ensure successful transactions.
- DeFi Integration: Coin98 integrates various DeFi services such as finance, exchange, farm, stake, and game, making it an all-in-one DeFi solution.
- Fiat Integration: Users can buy cryptocurrencies with fiat money directly through the app using MoonPay, enhancing transparency and time efficiency.
- Hardware Wallet Support: It supports hardware wallets, providing an additional layer of security for long-term asset storage.
- Token Issuance: Users can issue their own tokens on their favorite blockchain without needing programming knowledge, making it accessible to a broader audience.
Cons of Coin98
- Volatility: Like other cryptocurrencies, Coin98's performance can be unpredictable due to high volatility.
- New Project: As a relatively new project, it has yet to undergo extensive testing and may face challenges in the future.
- Fees: Coin98 Native Swap charges a fee of 0.8% on token swaps for each transaction, which can add up over time.
- Complexity: The app's comprehensive features may be overwhelming for new users, requiring a learning curve to fully utilize its capabilities.
Last Updated: 12/3/2024 19:30 UTC -
Founders of Coin98
The founders of Coin98 are Thanh Le and Vinh The Nguyen. Thanh Le is a serial entrepreneur with a background in early investments in projects such as ThorChain, Band Protocol, and Alpha Finance. Vinh The Nguyen is also the co-founder of Kytek Software, a company specializing in application review and development.
Last Updated: 12/3/2024 19:30 UTC -
Investors in Coin98
Coin98 has secured investments from various notable firms and organizations. Some of the key investors include:
- Alameda Research: A well-known investment firm in the crypto space.
- DWF Labs: A global Web3 investment firm that provides liquidity services, exchange listing, and advisory services. DWF Labs is part of Digital Wave Finance (DWF), one of the world's top industry traders.
- Hashed: A prominent investment firm with a significant portfolio in the crypto market.
- Spartan Group: An investment firm with a diverse range of investments in the crypto space.
- Solidity Ventures: An investment firm that has shown significant growth in its investments.
- Origin Capital: An investment firm with a focus on early-stage projects.
These investments have contributed to Coin98's growth and development in the crypto market.
Last Updated: 12/3/2024 19:31 UTC -
Halal Status of Coin98
- Answer: Yes
- Reason: Coin98 is considered halal because it has a legitimate use case as a utility token for the Coin98 platform, which provides various DeFi services such as wallet management, exchange, and cross-chain bridging. It does not involve activities prohibited by Islamic finance principles, such as gambling or interest-based transactions.
Last Updated: 12/3/2024 19:31 UTC
Description
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Coin98 is a decentralized finance platform that offers a multi-chain wallet, exchange, and cross-chain bridge. It aims to provide a comprehensive suite of services for DeFi users, enabling them to manage, trade, and access various DeFi applications across multiple blockchains seamlessly.
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Market Data
Rank: | 541 |
Volume: | 25M |
Marketcap: | 81M |
Fully Diluted Value: | 92M |
Circulating Supply: | 90% |