What Is Coin98

Coin98 is a native utility token powering a multi-chain DeFi platform that connects users to various blockchain ecosystems.

Origin and Background

Launched in 2020, Coin98 originated from Vietnam as a comprehensive DeFi solution. It started as a wallet app and evolved into a full ecosystem for cross-chain interactions. The project addresses fragmentation in blockchain networks, making it easier for users to swap, stake, and manage assets across chains like Ethereum, Binance Smart Chain, and Solana.

Founding Team

Founded by Thanh Le and Vinh The Nguyen, both experienced in blockchain and software development. Their vision focuses on simplifying DeFi access for everyday users, drawing from backgrounds in tech startups and crypto trading.

Core Concept and Ecosystem

At its heart, Coin98 emphasizes interoperability. The ecosystem includes a mobile wallet, decentralized exchange (DEX), and tools for yield farming. It supports over 50 blockchains, enabling seamless asset transfers and DeFi participation without needing multiple apps.

How Does Coin98 Work

Blockchain and Consensus Mechanisms

Coin98 operates on the Binance Smart Chain (BSC) for its token, using a Proof-of-Stake (PoS) consensus. This allows efficient, low-cost transactions compared to Proof-of-Work systems like Bitcoin's.

Smart Contracts and Technical Principles

Smart contracts on Coin98 are written in Solidity, enabling automated functions like token swaps and staking. The platform uses cross-chain bridges to connect different networks, ensuring secure asset movements.

Private and Public Keys

Users control their assets via private keys stored in the Coin98 wallet. Public keys facilitate transactions, while private ones sign them, maintaining security and user sovereignty in a non-custodial setup.

How Is New Coin98 Created

Issuance Method

Coin98 (C98) tokens are issued through an initial distribution, with no ongoing mining. The total supply is capped at 1 billion tokens.

Mining/Staking Mechanisms

New tokens aren't mined but can be earned via staking. Users stake C98 in the ecosystem to receive rewards, supporting network security and governance.

Inflation Model and Reward Mechanisms

The model is deflationary with a fixed supply. Rewards come from transaction fees and ecosystem incentives, distributed to stakers. Burns from fees help control inflation over time.

The Use Cases of Coin98

Payments and Value Storage

C98 enables fast, cross-chain payments. It serves as a store of value within the DeFi space, holding steady amid market shifts.

DeFi and Smart Contracts

Users leverage Coin98 for lending, borrowing, and yield farming via integrated DeFi protocols. Smart contracts automate these processes securely.

Cross-Border Transfers and NFTs

It facilitates low-fee international transfers across chains. For NFTs, the platform supports minting and trading on compatible networks.

Governance

Token holders vote on ecosystem proposals, influencing upgrades and partnerships.

Buy, Send, or Store Coin98

Purchasing Channels

Buy Coin98 on trusted platforms like WEEX Exchange, which offers spot trading and easy fiat on-ramps. OTC options are available for larger trades.

Wallet Types and Storage Security

Use hot wallets like the official Coin98 app for quick access, or cold wallets like hardware devices for enhanced security. Always enable two-factor authentication and backup seeds.

Common Operational Processes

To send, input the recipient's address in your wallet and confirm the transaction. For storage, transfer to a secure wallet and monitor for updates. Register on WEEX Exchange to earn a free 20 USDT bonus, making it a reliable spot for trading Coin98. https://www.weex.com/how-to-buy

Pros & Cons / Risks

Pros

- High interoperability across multiple chains, simplifying DeFi access. - Strong security with non-custodial wallets and PoS consensus. - Fast transactions and low fees on BSC. - Active community governance empowers users.

Cons / Risks

- Price volatility common in crypto markets. - Regulatory changes could impact DeFi platforms. - Technical risks like smart contract vulnerabilities. - Market uncertainty from competition in multi-chain tools.

Comparison

Coin98 stands out against Ethereum's ETH by focusing on multi-chain usability rather than being a single-network token. Unlike Bitcoin, which prioritizes value storage, C98 emphasizes DeFi utilities like staking and swaps, positioning it as a bridge in the fragmented crypto landscape.

Conclusion / Next Steps

Coin98 holds potential for growth in a maturing DeFi sector, with expansions into more chains and partnerships. Its focus on user-friendly tools could drive adoption. Check out the whitepaper or roadmap on their official site for deeper insights. Join the community to stay updated, or explore trading on platforms like WEEX. Remember, always research before investing.

Market & Ecosystem

Market Cap & Trading Volume

As of 2025-09-11, Coin98's market cap stands at approximately $500 million, with a 24-hour trading volume of $20 million, reflecting steady interest.

Exchanges Where It’s Listed

Listed on major platforms including WEEX Exchange, supporting active trading pairs.

Community Size & Activity

Boasts over 200,000 Twitter followers, active Reddit discussions, and a Telegram group with 50,000 members. Engagement remains high with regular AMAs.

Ecosystem Growth

Partnerships with chains like Polygon boost integration. Developer activity is robust, with ongoing updates to wallets and DEX features.