What is Coin98 (C98)?

What Is Coin98?

Coin98 is an innovative platform in the decentralized finance (DeFi) sector, aiming to streamline the user experience by consolidating the myriad of DeFi services into a single, user-friendly interface. Born out of the need for a unified financial infrastructure in the rapidly growing DeFi space, Coin98 emerged in early 2020 as a one-stop solution for decentralized finance, cross-chain swaps, staking, earning, and yield farming. The platform's vision is to bridge the gap between various blockchains and their native assets, offering support for over 70 blockchains, thereby making it easier for users to navigate and explore the diverse opportunities in the DeFi landscape.

Coin98's ecosystem extends to a mobile app that has garnered over a million downloads. This app serves as both a storage wallet and a trading application, providing users with all the essential DeFi tools in one place. The platform's commitment to accessibility and convenience is evident in its efforts to support a vast array of blockchains, ensuring that users can seamlessly swap value across different networks.

Resources

Official Documents: https://docs.coin98.com/

Official Website: https://www.coin98.com/

How Does Coin98 Work?

The lineup of products and services that Coin98 provides include:

- Coin98 Super App, which offers a comprehensive ecosystem of essential services to connect users safely and securely to the crypto world. The app includes a non-custodial, multi-chain NFT cryptocurrency wallet, built-in DEXs, cross-chain bridges, a DApp browser, a powerful terminal, and attractive earn, gift, and campaign features.

- SpaceGate, a cross-chain bridge that enables swapping and transfers across multiple networks. It integrates many other bridges, such as Binance Bridge, WormHole, and Avalanche Bridge, and supports various chains and tokens.

- Coin98 Exchange, a DeFi platform that allows users to swap, stake, lend, borrow, manage, track, send, and earn crypto across multiple blockchains.

- Coin98 Portfolio, a crypto portfolio tracking product that allows users to monitor their portfolios and price changes in real-time. It supports multi-chain wallet addresses and ensures safety and security by not requiring or tracking any personal information.

- Coin98 Markets, a DeFi tool that provides real-time market data for over 10,000 cryptocurrencies across more than 900 exchanges.

- Coin98 Terminal, a tool that allows users to do a lot of things such as Multi-Send, Token Issuer, Solana Migration, and Wallet Approval.

- Coin98 Staking, a feature that allows users to earn fixed interest rates and exclusive NFT staking cards by staking C98 tokens.

- Coin98 Earn, a platform that allows users to earn tokens by learning and completing quizzes about crypto, blockchain, and Web3.

- C98 token, the native utility token of the Coin98 DeFi platform. The token is used for platform service fees, staking incentives, governance, unique membership rights, and product development and growth.

- Coin98 Dollar (CUSD), a fully-backed stablecoin.

What Is C98 Token?

C98, the native token of the Coin98 ecosystem, plays a multifaceted role. It has a total supply of 1,000,000,000 tokens. Available on four major blockchains – Ethereum, BNB Smart Chain (BNB), Polygon and Solana – the C98 token serves various purposes. It allows holders to earn a portion of transaction fees, avail unique membership discounts for services and products, and receive staking rewards. Beyond these utilities, C98 also empowers its holders with governance rights, enabling them to submit proposals and influence the direction of the Coin98 ecosystem.

What Determines Coin98's Price?

In the dynamic world of cryptocurrency and blockchain, the price of a token like Coin98 is influenced by a myriad of factors, both intrinsic and extrinsic. At its core, the fundamental principle of supply and demand plays a pivotal role. As with other cryptocurrencies, if the demand for Coin98 increases, whether due to platform updates, positive news, or broader market trends, its price is likely to rise. Conversely, negative news or a decrease in user adoption can lead to reduced demand and a subsequent drop in price.

External market forces also have a significant impact. Regulatory news, macroeconomic factors, and the overall sentiment in the cryptocurrency market can sway Coin98's price. Additionally, the utility and functionality of the C98 token within the Coin98 ecosystem can influence its perceived value. As the platform introduces new features or partnerships that leverage the C98 token, its utility and demand can increase, potentially driving up the price. Furthermore, the broader DeFi sector's performance, given Coin98's positioning as a DeFi solution, can impact its market valuation. In essence, Coin98's price is a reflection of its perceived value in the market, shaped by a confluence of internal developments and external market dynamics.

For those interested in investing or trading C98, one might wonder: Where to buy Coin98? You can purchase Coin98 on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.