C98 is an Ethereum token that powers Coin98, a DeFi platform for swapping tokens, staking, lending, and more. C98 is used to pay for transactions on Coin98, can be staked to incentivize liquidity, and can be used to vote on the future of the platform. Note: Coinbase only supports C98 on the Ethereum blockchain (ERC-20).
What Is Coin98 (C98)?
Coin98 is a DeFi platform to borrow, stake, swap, lend and earn crypto. Coin98 is a one-stop platform wherein users can access the DeFi ecosystem like on-chain governance, decentralized exchanges, lending protocols, blockchain-based games, and cross-chain transfers (across blockchain networks) on over twenty networks; including Binance Smart Chain, Ethereum, Solana, Avalanche, and more.
Coin98 labs seek to create an ecosystem of DeFi protocols, applications, and NFTs on multiple blockchains. The aim is to complete the demand and enhance the in-demand utilities in the DeFi space, helping people to access DeFi services effortlessly. Once a product comes on the market, the development team of Coin98 listens to the community's feedback for improvements and iterations, thus maximizing users' experience and building innovative products to satisfy users' needs.
C98 is the governance and utility token of Coin98 that operates on Ethereum, Binance Smart Chain (BSC), and Solana. C98 powers the entire Coin98 ecosystem. The use cases of the token are as follows:
Liquidity providers who provide liquidity for the development of Coin98 Exchange by staking or including assets in liquidity pools are rewarded with C98 tokens in exchange for liquidity.
C98 allows token holders to vote on governance proposals to promote decentralized community governance for the network. These token holders get to vote on various features or parameters of the Coin98 exchange and its products thereon.
C98 holders are bifurcated based on tiers. Users with more C98 are sorted into a higher ranked tier. These high-tier token holders gain exclusive access to premium events and privileges.
Coin98 ventures is the investment arm of Coin98. Coin98 ventures is a decentralized finance ecosystem on multiple blockchains with built-in support for DeFi Builders. Coin98 invests in the builders constructing DeFi protocols and applications on Ethereum, Solana, Polkadot, Binance Smart Chain, and other L1s.
As per the whitepaper, the Coin98 super app is designed to safely connect a billion users to the crypto world. This app serves as one entry to access numerous DeFi services across separate blockchains. The Coin98 Super app has acquired more than one million users worldwide and is available on mobile, browser extension, and website.
Coin98 Exchange is also the next-gen product of Coin98 Labs, along with the Coin98 Super app. Thus, users can swap, stake, lend, borrow, earn crypto, and access various DeFi services in one place, at ease. Coin98 Exchange can be called a gateway from Traditional Finance (TradFi) to Decentralized Finance (DeFi).
History of Coin98 (C98)
The Coin98 platform started its operations in January, 2020. The total supply of C98 coins is 1,000,000,000.
