Coin98(C98) is a cross-chain liquidity protocol, the project has built a full suite of products including Coin98 Wallet, Coin98 Exchange and Coin98 Bridge.
The protocol provides a platform for users to easily interact with the Decentralized Finance ecosystem (DeFi), such as decentralized exchanges, lending protocols, on-chain governance, and blockchain-based games.
Competitors
Products
- Coin98 Wallet: Multi-chain wallet allows users to store, transfer and manage crypto assets and connect to multiple dApps on multiple blockchains. Wallet supports more than 20 networks including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche and Terra… on both Mobile (iOS and android) and Chrome Extension versions.
- Coin98 Exchange: Multichain liquidity aggregator helps users to swap, staking, lending, borrowing and earn cryptocurrency. It provides smart order routing for best rates and low slippage.
- SpaceGate: A cross-chain bridge allows swapping and transferring across multiple networks. It supports moving tokens between the following networks: ERC20 <-> SPL, ERC20 <-> TRC20 <-> BEP20, ERC20 <-> AVAX C-Chain <-> AVAX X-Chain.
Tokenomics
Key Metrics
| Ticker | C98 |
|---|---|
| Contract | BEP20: 0xaec945e04baf28b135fa7c640f624f8d90f1c3a6
ERC20: 0xae12c5930881c53715b369cec7606b70d8eb229f SPL: C98A4nkJXhpVZNAZdHUA95RpTF3T4whtQubL3YobiUX9 |
| Token Standard | ERC-20, SPL, BEP-20 |
| Token type | Governance, Unity |
| Total Supply | 1.000.000,000 C98 |
| Circulation supply | 185.000.000 C98 when listed |
Token Allocation
- Binance Launchpad Sale: 5%
- Seed Sale: 5%
- Strategic Sales: 15%
- Team: 20%
- Advisors: 2%
- Treasury: 12%
- Ecosystem Growth: 21%
- Community Development: 20%
Token Release Schedule
Token Sale
The project has raised $12,5 million from two seed token sales and a private sale. Details are as follows:
Seed Sale
- Allocation: 50,000,000 C98
- Token Price: 0.025 USD / C98
- Amount Raised: 1,250,000 USD
Strategic Sales
- Allocation: 150,000,000 C98
- Token Price: 0.075 USD / C98
- Amount Raised: 11,250,000 USD
Binance Launchpad Sale
- Token Name: Coin98 (C98)
- Launchpad Hard Cap: $ 3,750,000
- Hard Cap per user: $20,000 (266,666.667 C98)
- Total tokens allocated to Binance Launchpad: 50,000,000 C98
- Public Sale Token Price: 1 C98 = 0.075 USD (price in BNB will be determined before registration)
- Token Sale Format: Sign Up
- Supported Sessions: BNB
Token Use Case
- Ecosystem development: The C98 revenue from trading fees will be deposited into the treasury fund and partially dedicated to product development and future ecosystem growth.
- Staking: The remainder of the treasury fund will be allocated to C98 token holders who have staked. Distribution is subject to protocol administration and is subject to change.
- Governance: Users can stake C98 in exchange for X98 to gain voting rights and participate in the governance process to change product parameters.
- Membership only: Users will receive tiered benefits on the platform, depending on their holding of X98. Some of the benefits include access to participate in the Coin98 launchpad and valid offers from strategic partners.
Roadmap
According to the provided roadmap, the Coin98 Exchange product goes through 4 Phases. Currently in Phase 2.
Coin98’s ecosystem currently has products: Coin98 Wallet, Coin98 Exchange, Coin98 Portfolio, Coin98 Markets. The future will include the following products: Coin98 Launchpad, Lend & Borrow, Staking, GiGa Farm, Terminal, Derivatives.
Investors
As mentioned, at the beginning of the year the project announced that it had successfully raised $ 1,25 million in Seed round, led by the funds ParaFi Capital, Multicoin Capital, Hashed and Spartan Group. Accordingly, Alameda Research invested $4 million.
Partners
Products are diverse, so partners are also diverse according to: Solarium, Unilend, Avalanche, Polkafoundry, Persistence, Standard Protocol, BandChain, Elrond, Mercurial Finance,…