Coin98 C98
About
What Is Coin98 (C98)?
Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming.
To learn more about this project, check out our deep dive of Coin98.
Coin98 aims to fulfill untapped demand in the industry and become a Gateway bridging TradFi users to any DeFi services on multiple blockchains. It accomplishes this mission through a full suite of products, including Coin98 Wallet, Coin98 Exchange, and Space Gate (cross-chain bridge).
Coin98 Wallet: Allows users to store, send, receive, manage crypto assets and connect to numerous dApps on multiple blockchains. It supports over 40 blockchains such as Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, Terra, etc on both mobile (iOS & android) and Chrome extension versions.
Coin98 Exchange: A multi-chain liquidity aggregator that supports assets across a variety of blockchains, including but not limited to Ethereum, Binance Smart Chain, Solana, Avalanche and Polygon.
Space Gate: A cross-chain bridge that enables swapping and transferring values across multiple networks.
The C98 token is the native utility token of the Coin98 platform and will be used to pay services fees, as staking incentives, for governance, and unique membership rights.
In the Coin98 roadmap, there are plans to develop a launchpad, a lending and borrowing platform, a megafarm, a derivatives market and an NFT marketplace.
In July 2021, Coin98 was a Binance Launchpad project.
Who Are the Founders of Coin98?
The platform was co-founded by Thanh Le and Vinh The Nguyen. Thanh Le was a serial entrepreneur and an early investor of ThorChain, Band Protocol, Alpha Finance, and more.
Vinh The Ngyuyen is the co-founder of Kytek Software, a company which helps to review and build applications. Khiem Dang is the CTO, who is also a co-founder of Kytek Software.
What Makes Coin98 Unique?
The unique thing about Coin98 Wallet is the first multi-chain compatible wallet engine, which means users can interact with different wallets of different blockchains at the same time, with one single passphrase, without complicated switching requirements.
How Many Coin98 (C98) Coins Are There in Circulation?
C98, the token on the Coin98 network, is a utility or governance token. The circulating supply is 185,000,000, which is the same as the total supply. The maximum supply of C98 is 1,000,000,000.
The tokens are allocated as follows: 21% of tokens go to growing the ecosystem, 20% to developing the community, 20% to the team, 15% for strategic sale, 12% for the treasury, 5% for the seed sale and another 5% for the Binance Launchpad sale, with the last 2% for advisors.
For more information about the C98 tokenomics and release schedule, see here.
How Is the Coin98 Network Secured?
The C98 token is supported on Ethereum, Binance Smart Chain and Solana, and exists as an ERC-20, BEP-20 and SPL.
Besides the in-house dedicated dev team, Coin98 also has external audits to ensure its smart contracts and products are secure. Some of enlisted audits are Certik for Coin98 Wallet, Armor for C98 smart contracts (ETH & BSC).
Where Can You Buy Coin98 (C98)?
There are currently no known fiat trading pairs for C98, but you may be able to buy Bitcoin (BTC) with fiat and then trade it for C98 on Binance.
Our most recent articles about Coin98:
[What Is Coin98?]https://coinmarketcap.com/alexandria/article/what-is-coin98
AI Analysis
What blockchain does Coin98 use? Is it its own blockchain or built on top of another?
Coin98 is a multi-chain wallet and decentralized finance (DeFi) platform. It supports multiple blockchains, including Ethereum, Binance Smart Chain, Solana, and others.
As for its native token, C98, it is built on the Binance Smart Chain (BSC), Solana, and Ethereum blockchains. Coin98 does not have its own native blockchain; instead, it utilizes existing blockchains to provide its services. This allows users to interact with various DeFi applications and protocols across different blockchain networks through a single interface.
How fast are Coin98 transactions? What is the typical confirmation time and throughput (transactions per second)?
Coin98 is a decentralized finance (DeFi) platform built on the Binance Smart Chain (BSC) and other blockchain networks. The transaction speed, confirmation time, and throughput of Coin98 depend on the underlying blockchain network it is operating on.
For Binance Smart Chain (BSC), which is one of the primary blockchain networks used by Coin98, here are some key metrics:
- Block Time: The average block time on BSC is around 3 seconds.
- Transaction Confirmation Time: The typical transaction confirmation time on BSC is around 3-5 seconds, as a transaction is usually confirmed after 1-2 blocks have been mined.
- Throughput (Transactions Per Second): BSC has a relatively high throughput, with the ability to process around 55-65 transactions per second.
Please note that these metrics may vary depending on the network congestion, the number of transactions being processed, and other factors.
As Coin98 is built on top of BSC and other blockchain networks, its transaction speed, confirmation time, and throughput are influenced by the underlying blockchain infrastructure. However, the platform's design and implementation can also impact its performance.
To give you a better idea, here are some general estimates of Coin98's transaction performance:
- Transaction Confirmation Time: Around 5-10 seconds (depending on the network and the number of blocks required for confirmation)
- Throughput: Coin98 can process tens to hundreds of transactions per second, depending on the underlying blockchain network and the platform's optimization
Keep in mind that these estimates are subject to change and may vary depending on various factors, including network congestion, platform updates, and other external factors. For the most up-to-date information, I recommend checking the official Coin98 documentation or consulting with the platform's support team.
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