Coin98 is a decentralized finance (DeFi) platform offering a multi-chain wallet, decentralized exchange (DEX), cross-chain bridge, NFTs, and various DeFi tools. The aim is to fill the gap between users and the DeFi space and enhance in-demand utilities in DeFi, supporting people to access DeFi services effortlessly. It offers exchange, staking, vault, super wallet, portfolio management, market insight, a multi-send feature, as well as creating own tokens. These innovative features and user-centric approaches make it a valuable tool for anyone looking to explore the world of decentralized finance.

It has built-in trading and a mobile app for crypto wallets and trading. The Coin98 app received over 1 million downloads, resulting in 3 million transactions and 500,000 active users. It can function as a storage wallet or a trading application. The platform provides all the tools a DeFi trader needs to trade in one spot.

Coin98 is a technology that makes DeFi products more accessible to users. Decentralized exchanges, on-chain governance (via Snapshot), and blockchain-based gaming are among the applications created on the protocol. Coin98, in particular, enables multi-chain activities and stands out as the most excellent and convenient protocol, with which DeFi users can use more blockchain understanding to participate.

Background

Vietnamese developers Le Thanh and Vinh The Nguyen, who have extensive experience founding blockchain technology businesses, created Coin98.

Thanh Le is the founder of Coin98 Finance and a serial entrepreneur specializing in building new and diversified blockchain enterprises. He is also an early investor in several businesses, including ThorChain, Band Protocol, and Alpha Finance.

His participation with digital currencies began in the early days of the Coin98 community, which grew into the Coin98 we know today. In addition to his work at Coin98, he is an advisor for other cryptocurrency startups in and out of Vietnam.

Nguyen The Vinh is Coin98’s technical co-founder and is in charge of product development. Nguyen aimed to deliver comprehensive decentralized financial services with blockchain technology. Their partnership resulted in the creation of the Coin98 initiative.

With the help of ParaFi Capital, Multicoin Capital, Hashed and Spartan Group, Alameda Research, and other ventures and angel investors, Coin98 raised more than $6 million. Here are some of the essential investors who participated in the seed investment round:

• Hashed: Hashed is a global early-stage venture fund that backs startups shaping the future of blockchain and cryptocurrencies. The team combines talent from both Seoul and Silicon Valley.
• ParaFi Capital is an alternative investing firm specializing in blockchain and decentralized finance markets.
• Spartan Group is Asia’s premier blockchain advisory and asset management organization, created by former Goldman Sachs employees. Spartan Capital provides consulting services to top blockchain initiatives, including Dapper, Blockfolio, and Solana.
• Multicoin Capital is an investment organization that invests in cryptocurrencies, tokens, and blockchain firms. It manages billions of dollars in hedge funds and venture funds and has received backing from Binance.

What Problems Does Coin98 Solve?

Cross-chain DeFi Features

Coin98 is a Defi solution that enables users to participate in the cross-chain activities that the decentralized finance industry provides. The project aims to meet the industry’s latent demand for DeFi solutions.

Bridging TradFi and DeFi

The platform believes there is a high need for specific DeFi solutions on blockchains that still need to support those protocols. In other words, it wants to be a gateway that connects TradFi users to DeFi services via numerous protocols.

The Ethereum network is rich with DeFi protocols, but many users are abandoning it due to scalability concerns and exorbitant fees. Of course, they are not abandoning blockchain but shifting to more scalable alternatives.

Not to mention users who interact with chains that do not allow smart contracts or do not have a mature DeFi sector. All of these users may benefit from Coin98’s solutions.

Offering a Portfolio of Products

The project has developed a suite of products to meet its objectives. These include Coin98 Wallet, a trading platform called Coin98 trading, and a cross-chain bridge called Space Gate.

Multi-chain-Compatible Wallet

The project’s wallet is unusual, as it is the first multi-chain compatible wallet engine, which allows users to communicate with multiple wallets on different blockchains simultaneously. This is advantageous because they only need a single passphrase and have no unduly burdensome switching requirements.

Coin98’s Main Components

The Coin98 network comprises numerous components. With many partnerships and integrations, the ecosystem brings together some of the most well-known companies in decentralized finance (DeFi). Coin98’s ecosystem contains items that perform the following specialized functions:

Arche Fund

Initially known as Coin98 Ventures (now Arche Fund) is an accelerator and incubator that aims to support emerging decentralized finance (DeFi) startups. Arche Fund, the Coin98 network’s venture arm, invests in decentralized apps (Dapps) and DeFi protocols built on Ethereum, Solana, Binance Smart Chain (BSC), and Polkadot to help them get off the ground.

This includes funding projects, facilitating industry contacts and resources, and assisting innovative blockchain startups in their early phases of development. Furthermore, the venture wing seeks to expedite the growth and adoption of the decentralized finance (DeFi) field by swiftly assisting projects in bringing their solutions to market.

Coin98 Lab

Coin98 Labs was founded to “fulfill untapped demand and enhance in-demand utilities in the DeFi space.” This is accomplished by creating a diversified ecosystem of decentralized finance (DeFi) products and decentralized applications (dApps) that span several blockchains. The following are some of the most well-known items from Coin98 Labs:

Coin98 Exchange

The Coin98 exchange is a multichain liquidity aggregator that handles assets from various blockchains, including Ethereum, BSC, Solana, and Tron to offer competitive prices and low slippage. Users can trade directly from their wallets, maintaining control over their assets at all times. Coin98 Exchange strives to provide the best, most consistent, and seamless service for DeFi consumers.

Coin98 Super App

The Coin98 super app offers customers a comprehensive and trustworthy ecosystem of globally needed services, including a non-custodial multi-chain wallet, native swap, cross-chain bridge, Dapp Browser, and a sophisticated terminal. It allows users to manage their cryptocurrencies and NFTs efficiently.

Space Gate

Space Gate is a revolutionary cross-chain bridge technology enabling value transfer across over 20 blockchains and layer 2 solutions via the Coin98 crypto ecosystem. Additionally, Space Gate allows network members to access numerous blockchains, DeFi platforms, and decentralized exchange protocols. This list includes Avalanche, Uniswap, SushiSwap, Elrond, Fantom, PancakeSwap, and Polygon.

Space Gate allows the project to use the power of some of the most frequently utilized DeFi platforms and services by fostering strategic collaborations across a broad cross-section of the crypto industry. As a result, Space Gate brings together several of the leading cross-chain liquidity providers and services, galvanizing the network and promoting interoperability.

Coin98 Media

Coin98 Media is the platform’s internal cryptocurrency network, which connects numerous communities and business partners. Additionally, the network offers a variety of media materials and learning tools to help the blockchain community navigate the Defi landscape.

The project’s media network also oversees community involvement, such as content production contests. Furthermore, as the project progresses, we should expect the media arm to introduce additional functionality to help the platform maintain high levels of interoperability.

Coin98 Staking

Coin98 is a DeFi solution that enables cross-chain exchanges, staking, and yield farming. These are some of the most popular DeFi features, followed by decentralized lending and borrowing. Swaps will allow you to effortlessly exchange one cryptocurrency for another, whereas staking and yield farming provide passive revenue in exchange for C98 tokens.

Coin98 Super Wallet

Coin98 super wallet is the industry’s top multi-chain crypto wallet, developed to securely and seamlessly connect a billion consumers to the cryptocurrency world. It provides users worldwide with a comprehensive and trustworthy ecosystem of critical services, such as a non-custodial, multichain NFT and cryptocurrency wallet, a built-in DEX, cross-chain bridge, and Dapp browser, a robust terminal, and appealing earn, gift, and campaign options, among others.

Coin98 super wallet now supports 90+ networks, including EVM and non-EVM chains. With nine million users in over 170 countries, Coin98 Super Wallet meets unmet demand and improves in-demand utilities in the DeFi industry, allowing individuals to use DeFi services easily.

Coin98 Super Wallet is a critical component of future multichain protocols and applications, providing a single point of access to various Defi services across multiple blockchains. Coin98 Super Wallet has over 10 million users globally, supports over 100 blockchains, and is available as a mobile and browser plugin.

The wallet is essential for all platform services, including decentralized trading, storage, portfolio tracking, coin launching, and other features. While other sites rely on the popular MetaMask wallet, Coin98 distinguishes itself by creating its own wallet and making it required to access its services.

To install the Coin98 wallet, users should visit the wallet’s website. If the extension is not installed, press “Connect Wallet” in the top-right corner. When prompted, click “Confirm” to be redirected to the Chrome web extension store, where users can download and install it for free.

The default choice will be the Ethereum network. Users who want to change networks can click “Ethereum” at the top of the wallet and choose one of dozens of networks. Users must manually enter network codes into wallets such as MetaMask, whereas Coin98 does so automatically.

Features of Coin98 Wallet

Coin98 also provides users with quick, easy, and secure procedures for managing, storing, and transferring thousands of tokens across 90+ popular blockchains, including Bitcoin, Ethereum, Solana, Viction (formerly TomoChain), Polygon, BNB Chain, Near, Avalanche (C-Chain & X-Chain), Optimism, Aurora, and other custom networks.

• Social log-in wallet: Access Web3 using your social accounts (google, facebook, and email).
• Dapp browser: A web browser explicitly created for decentralized apps (Dapps) on blockchain networks, focusing on user-friendly interfaces and integration with several blockchains. Users can effortlessly access their favorite apps directly from their iOS or Android devices.
• Wallet approval: Enable the revocation of token allowances from Dapps across multiple blockchains.
• Coin98 staking: A feature that allows users to stake C98 tokens in exchange for token rewards. In addition, users will receive distinctive NFT cards as proof of their stake.
• Zen Card: Experience a novel wallet that combines hot and cold wallet capabilities to improve asset management security.

Coin98 Defi Exchange

Coin98 is a decentralized exchange that offers users liquidity from various sources across many blockchains. It enables quick and safe swaps for a seamless experience at the best price and without slippage.

Coin98 exchange, like Coin98 super wallet, is the next-generation product from Coin98 labs, and it is part of ongoing efforts to optimize user experiences and drive DeFi adoption. Coin98 exchange is an all-in-one Defi platform that provides numerous services across multiple blockchains. It enables customers to easily switch between and use several Defi services from one location.

Coin98 exchange bridges traditional finance (TradFi) and decentralized finance (DeFi). The Coin98 Defi exchange allows users to trade over 300,000 DeFi tokens on the site. The exchange offers real-time graphing for every Defi token in circulation, and users may navigate between networks and exchanges by touching the optional links at the top. By default, the Uniswap and Ethereum networks are chosen.

The Coin98 Token

The C98 token is the primary governance and utility token in the Coin98 ecosystem, available on Ethereum, BNB, Polygon, Solana, and the Viction chain. The governance aspect indicates that C98 holders will be able to vote on feature ideas in the future. The utility component implies they will have exclusive access to features like the C98 launchpad. The C98 token, with a market capitalization of $300 million, is the world’s most significant blockchain wallet token, exceeding even Trust Wallet. The C98 token distribution is as follows:

• Name: Coin98
• Symbol: C98
• Type: Utility and governance
• Chain type: Multi chain
• Standard: ERC20, BEP20, SPL, PRC20, VRC25
• Maximum supply: 1,000,000,000

How do I Buy C98 Tokens?

• Go to Gate.io exchange and create an account by entering your email ID and password.
• Set up your fund password by entering settings; this password will be asked during fund withdrawal.
• To buy C98 tokens, you must complete KYC with the proper documents.
• After KYC, go to Spot Trade, search for C98, and select.
• After opening the new page, fill in the amount in C98 or USDT you want to buy, and click the buy button.
• After a successful buy, go to the Wallet > Withdraw page.
• Here, select C98, and then enter the wallet address.
• It will ask you for your fund password, 2FA, and email code; enter them correctly and submit.
• Your C98 will arrive in your wallet after a few confirmations.

Conclusion

The Coin98 ecosystem is a Defi hub that combines many of the most popular decentralized exchange (DEX) protocols to enable access to deep cross-chain liquidity. The platform provides a comprehensive suite of borrowing, lending, liquidity protocols, and diverse Defi tools and services. Overall, it has a lot of potential and is worth another look if you’re looking for a new project to invest in or want to start using DeFi in a new, advanced way.