- Brief comment
Coin98 labs is a Vietnam-based startup team with a blockchain application ecosystem centered on products such as wallet, exchanges & portfolios. Since its creation in January 2020, its wallet has more than 700 thousands personal wallet addresses, 280 thousand users, and the number of downloads exceeded 300 thousand times. What’s more, the investment background of C98 is good, with star VCs like SBF’s Alameda and Multicoin Capital involved.
2. Project description
Coin98 is a cross-chain liquidity protocol (currently supports 26 chains, and continues to increase), with a full set of products (currently the only one in the market), including Coin98 wallet, Coin98 exchange and Coin98 Bridge (through the bridge, assets on coin98 can be transferred to 26 main chains). coin98 wallet is a non-hosted multi-chain crypto wallet and gateway (same as MetaMask, Math wallet, imatoken), built as a future multi-chain infrastructure.
The protocol provides users with a one-stop platform to access the decentralized financial (DeFi) ecosystem, such as decentralized exchanges, lending protocols, on-chain governance (via Snapshot), and blockchain-based games. Users can also migrate across chains via the mobile app, which as of today supports 26 networks such as Ether, Binance Smartchain, Solana, and Avalanche.
3. Token role
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: The other fraction of the treasury fund will be allocated to C98 holders who stake their tokens. The exact distribution is subject to protocol governance and may be changed.
Governance: Users may stake C98 in exchange for X98 to gain voting power and participate in the governance process to change product parameters.
Unique membership rights: Users will gain tiered benefits on the platform, depending on their X98 holdings. Some benefits include access to participate in Coin98 launchpads and retroactive incentives from strategic partners.
4. Token allocation
Total supply: 1,000,000,000 C98
5. Investment institutions
Seed Sale:
Hashed, ParaFi Capital, Multicoin Capital, Spartan Group, Coingecko, Kybernetwork, etc.
Strategic Sale:
Co-led by Hashed and Spartan Group, including ParaFi Capital, IOSG Ventures, GBV Capital, Nascent, SNZ, Asymm Ventures, NGC Ventures, Vessel Capital, BTC12 Capital, Evernew Capital, AU21 Capital, Solidity Ventures, Paribus Ventures, Origin Capital, Moonwhale Ventures, K300 Ventures, Magnus Capital, Kyros Ventures, Spark Digital Capital, Black Mamba Ventures, HC Ventures, STC Capital, BTA Ventures, Basics Capital, Serum Stakers, Consensus Lab, Raptor Capital, Shima Capital, Gate Labs, Everse Capital, TAG Ventures, GTA Ventures, Bingbon, and others.
Basic Info
Token: C98
Website: https://coin98.com/
Contract address:
https://etherscan.com/token/0xae12c5930881c53715b369cec7606b70d8eb229f
