Finance

The Ringing Story Of Coin98

Coin98

The cryptocurrency industry is the house of modern technological innovation. It features some great concepts such as staking and token swaps. The unique features provide a large number of earning opportunities for users. However, there is a small issue. Accessing all of these features often requires users to switch between currencies and ecosystems, creating an intuitive experience. That is where Coin98 comes into play. It aims to position itself as an “all-in-one” DeFi solution that has all these features. In this post, we will find out more about it.

Coin98: All You Need To Know 

What is Coin98?

As global interest in decentralized finance continues to grow, providing appropriate solutions is critical. And these solutions need to be as accessible as possible if DeFi is to gain mainstream adoption. Coin98 supports more than 20 blockchains and their native assets, making it easy for users to explore the different options at their disposal.

The idea behind Coin98 (C98) started to take shape in early 2020. With decentralized finance reaching new heights in terms of interest and value provided by users, it was the perfect time to develop a new project. Because the world needs an open financial infrastructure, the Coin98 team has made it their mission. Decentralized finance will be a one-stop solution for cross-chain swaps, betting, earnings and yield farming, so the team recognized that there is a lot of work ahead of them to make this happen.

Coin98 Finance (C98) is described as an “all-in-one” solution for decentralized finance (DeFi). Powered by the native C98 token launched through an international exchange, the Coin98 network aggregates liquidity from multiple decentralized exchange (DEX) protocols. Its purpose is to make cross-chain borrowing, lending, token swaps and yield farming accessible to all. Also, Coin98, the crypto ecosystem has several useful features. These include Coin98 staking facilities, the multi-chain Coin98 wallet, and Coin98 Labs, an incubator for promising new DeFi projects. The Coin98 crypto platform offers a wide variety of tools and services that allow users to access multiple blockchains and decentralized finance (DeFi) protocols in one place (then you can trade on platforms like quantum ai).

What does Coin98 (C98) offer?

Today, the Coin98 project supports all the features it promises. Additionally, users can access solutions on more than 20 different blockchains. The platform states that over 284,000 users generated over $216 million in volume with over 488,000 transactions. Leveraging various blockchains, liquidity and DeFi solutions create deep liquidity for Coin98 (C98) and allow users to access the best price when exchanging tokens. In addition, the team optimizes gas fees by exploring different “ways” to finalize transactions.

What is Coin98 finance?

Coin98 Finance is a decentralized finance (DeFi) liquidity aggregator and decentralized exchange (DEX), facilitating seamless cross-chain token swaps. Using the native C98 token and Coin98 staking, the Coin98 ecosystem is a one-stop shop for interoperable DeFi lending, lending and yield farming.

This ecosystem consists of a wide variety of DeFi products and services. The project not only collects liquidity from multiple sources, but also offers a crypto incubator service to launch promising DeFi projects.

The Coin98 ecosystem supports over 20 different blockchains and collects liquidity from some of the best known DeFi protocols. Thanks to Coin98 staking facilities, users can earn profits by locking tokens. Besides that, the platform provides a wealth of analytics and educational resources. This platform even uses different routings for transactions through multiple liquidity sources, reducing slippage and optimizing ‘gas’ fees. With an additional suite of cross-chain liquidity services, the project aims to make DeFi more accessible to everyone.

Coin98 (C98) Crypto Ecosystem

The Coin98 (C98) network consists of many different elements. With various partnerships and integrations, the ecosystem brings together some of the biggest names in decentralized finance (DeFi), but at the heart of the project are three main branches. These are Coin98 Ventures, Coin98 Labs and Coin98 Media. Each branch is responsible for the sustainable growth and development of the project.

How Does Coin98 Work?

Building an open decentralized network for financial purposes is by no means a simple task. The ongoing competition in the blockchain space also breaks the wider ecosystem, making it very complex for users to meet different solutions and concepts. Combining all these options under one heading is a better goal, although it requires innovative technologies. By default, blockchains cannot communicate with each other.

What are some Coin98 (C98) initiatives?

The Coin98 Ventures arm is designed to find and support developers developing products for the blockchain and decentralized finance industry. Coin98 Ventures is an accelerator and incubator to power emerging decentralized finance (DeFi) projects. Coin98 Ventures, the venture arm of the Coin98 network, helps boot innovative DeFi projects across multiple blockchains by investing in decentralized applications (dApps) and DeFi protocols built on Ethereum, Solana, Binance Smart Chain (BSC), and Polkadot.

This includes funding projects, providing industry links and resources, and supporting promising blockchain companies in the early stages of development. In addition, the venture arm aims to accelerate the growth and adoption of decentralized finance (DeFi) by helping projects launch their products quickly.

Coin98 Labs 

Coin98 Labs was established to “meet untapped demand and develop demanded tools in the DeFi space.” This is accomplished by building a diverse ecosystem of decentralized finance (DeFi) products and decentralized applications (dApps) across multiple blockchains. 

Through Coin98 Labs, the team creates new DeFi solutions that make it easy for users to conveniently access markets. The team has developed several solutions, including a native wallet, exchange, portfolio and marketplace solution. More features appear on the horizon, including support for new chains in mobile and additional wallet, integration of L2 solutions, and the launch of C98 staking on Ethereum and BSC. Integrating new AMMs and cross-chain bridges will also be a strong focus.

Below are some of the featured products to come out of Coin98 Labs.

Coin98 Wallet 

Coin98 Wallet is an unsupervised, cross-chain decentralized finance (DeFi) wallet and is the flagship product of Coin98 Labs. It can be used to store, send and receive digital assets on several different blockchains. In addition, Coin98 Wallet serves as a versatile DeFi gateway, providing a seamless user experience for users of all levels.

To get the most out of the platform, you must first download Coin98 Wallet. Coin98 Wallet; It can be easily downloaded from Apple App Store, Google Play, Chrome, Android and TestFlight.

Coin98 Exchange 

Coin98 Exchange is a decentralized exchange (DEX) and cross-chain liquidity aggregation protocol that aggregates liquidity from multiple sources. This facilitates instant, secure token swaps with efficient order routing and low slippage. Also, the decentralized exchange allows users to borrow, lend and stake tokens on different platforms.

What is the Space Gate?

Space Gate is an innovative cross-chain bridge protocol that facilitates the transfer of value between more than 20 blockchains and layer 2 solutions through the Coin98 crypto ecosystem. In addition, Space Gate provides network users access to multiple blockchains, DeFi platforms and decentralized exchange protocols. This includes Avalanche, Uniswap, SushiSwap, Elrond, Phantom, PancakeSwap and Polygon.

Space Gate encourages strategic partnerships across a broad segment of the crypto industry, enabling the project to leverage the power of some of the most widely used DeFi platforms and services. As a result, Space Gate brings together many of its cross-chain liquidity providers and services to revitalize the network and promote interoperability.

Coin98 Media 

Coin98 Media is the platform’s in-house crypto network that connects various communities and industry partners. Additionally, the network provides a range of media resources and learning tools to equip the blockchain community with the necessary knowledge to navigate the DeFi environment.

The project’s media network is responsible for community engagement initiatives such as content creation contests. Plus, as the project matures, it can be expected to see further benefits put forward by the media arm to help the platform continue to achieve a high level of interoperability.

C98 Token

The native C98 token is the utility token of the Coin98 ecosystem. The C98 token is available on Ethereum, Binance Smart Chain (BSC), and Solana and serves five main functions. An integral part of the Coin98 ecosystem is the native token C98. It is available on three blockchains: Ethereum, Binance Smart Chain, and Solana. The token serves many purposes, from allowing holders to receive a share of transaction fees, to betting rewards and unique membership discounts for a variety of services and products. Additionally, C98 allows users to manage the protocol by submitting offers related to the Coin98 ecosystem.

Platform Service Fees

When using the decentralized exchange (DEX), participants are required to pay a small fee for each transaction they make. This fee is paid using the native C98 token.

Coin98 Staking

Users of the Coin98 crypto ecosystem are encouraged to become liquidity providers by using Coin98 (C98) betting options to lock various digital assets into automated market maker (AMM) pools. Users can earn a passive income by providing liquidity among various Coin98 betting options or by participating in liquidity mining, locking funds and receiving C98 tokens in return.

Management

The Coin98 (C98) token is used for community management. Holders of the C98 token can vote on management proposals that could determine the future of the platform. By participating in the governance model of the platform, users can commit C98 tokens to vote for new features and changes in various protocol parameters across the Coin98 (C98) crypto network.

Unique Rights

Holders of the Coin98 (C98) token are brought together and organized in a tiered system that provides access to exclusive privileges and premium events. This includes priority for airdrops, token sales and launchpad events, and marketing events with strategic partners. Tiers are ordered by the amount of C98 tokens held. Also, participants with more C98 tokens are placed on a higher tier and subsequently gain access to more privileges and greater rewards.

Product Development and Growth

The Coin98 (C98) token is used to create a “self-sustainable, closed-loop economy” through the collection of network fees that are redistributed as incentives for the project community and platform participants. In addition, some of these fees are also reserved for the future development of products and the growth of the Coin98 crypto network.

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