History of Coin98
Coin98 Finance, recently rebranded to Ninety Eight, is a significant player in the decentralized finance (DeFi) landscape. Initially launched as a community of blockchain enthusiasts in 2017, the project has evolved over the years into a comprehensive DeFi gateway. It seeks to make Web3 accessible to a broader audience, integrating various blockchain networks and offering a suite of products and services designed to enhance the DeFi experience. By 2019, it transitioned from a community-focused initiative to a product-driven company, developing the Coin98 Super Wallet as its flagship offering.
Coin98 Super Wallet stands as a cornerstone of the ecosystem, providing a secure and non-custodial multi-chain platform for a wide range of digital assets across over 100 blockchains. It serves as a comprehensive DeFi platform, integrating functionalities like DEXs, cross-chain bridges, and vaults into a single, user-friendly application. With its global user base exceeding 10 million, the wallet plays a pivotal role in making Web3 more accessible to anyone.
What is Coin98’s mission?
Making Web3 accessible for everyone by building comprehensive DeFi products that serve both veterans and newbies in their crypto journey.
What is $C98? What are its use cases?
C98 is the primary utility token within the Ninety Eight ecosystem, which is built on Ethereum, Binance Smart Chain (BSC), Solana, Polygon and Viction.
The C98 token offers several utilities within the ecosystem. These utilities include staking incentives, platform services fees, Product Development and Growth, and serving as a payment currency in various DeFi protocols as follows:
Platform Service fees
When using the Coin98 products like DEX and cross-chain bridge, users are required to pay a small fee for each transaction successfully. This fee is paid using the native C98 token.
Staking Incentives
Users are able to join the Coin98 Staking to stake C98 with various staking packages to earn fixed rate APR up to 12% and get exclusive NFTs along with other staking programs on different platforms.
Governance
To promote decentralized community governance for the network, C98 token holders may propose and vote on governance proposals to determine features and/or parameters of the Coin98 Exchange and its products. By participating in the platform’s governance model, users can commit C98 tokens to vote on new features and changes to various protocol parameters throughout the Coin98 crypto network.
For the avoidance of doubt, the right to vote is restricted solely to voting on features of the Coin98 Exchange; the right to vote does not entitle C98 token holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, and does not constitute any equity interest in any of these entities. The arrangement is not intended to be any form of joint venture or partnership.
Unique Membership Rights
C98 Token holders are arranged into a tiered system that provides access to exclusive privileges and premium events, based on the amount of C98 held. Users in higher tiers will gain exclusive access to premium events and privileges, such as priority for Coin98 launchpad participation and marketing events with strategic partners.
Product Development and Growth
Furthermore, the C98 token will be used to create a “self-sustainable, closed-loop economy” through the collection of network fees, whether in C98 or otherwise, would be re-distributed as incentives for active contributors within the ecosystem, or set aside for future product development and ecosystem growth.
What sets Coin98 apart from other DeFi platforms?
Coin98 is considered as the All-in-One platform for newcomers and veterans in the DeFi space alike. It offers a comprehensive ecosystem with a wide range of DeFi products that can fulfill the untapped users’ demand. At its core lies the Coin98 Super Wallet, supporting over 100 blockchains and 15,000 dApps. Coin98 Super Wallet empowers users to not only securely store their crypto assets and NFTs, but also seamlessly access a variety of DeFi services across different blockchains.
What can we expect from Coin98 this 2024?
In 2024, Coin98 focuses on several key initiatives:
- New Integrations: Adding support for blockchains and dApps.
- User Growth and Expansion: Implementing on-chain incentive programs and forming partnerships to tap into new geographic markets.
- Community Growth: Establishing an ambassador program and hosting community-driven events.
- C98 Token Utility Expansion: Collaborating with various partners to enhance the utility of the C98 token.
