C98 Coin98

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.

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.

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.

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.

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.