What is Coin98 Currency?
Coin98 is a future token. The currency is ranked 176th in terms of market value, yet it is less than $ 2. What is coin98? Is coin98 an exceptional investment opportunity in 2022? From which exchange should we buy coin98, and in which wallet should we store it? In this article, we will learn more about the famous Vietnamese currency C98 from the collection of educational articles about the trading world. By reviewing the coin98 currency, we will answer all your questions about this currency, including its future and the best wallet to hold this currency. Let. Stay with us.
Coin 98 is a versatile project in the world of Defy!
Coin98 Finance is a decentralized financial platform and a decentralized exchange (DEX) in which different blockchain tokens can be swapped or swapped.
Coin98 is a DeFi ecosystem designed to facilitate traditional users (TradFi) access to decentralized finance (DeFi) across multiple blockchains.
To achieve this goal, Coin98 has developed a range of products that fully meet users’ needs, from transaction and storage to asset management, lending, deposit, and…
More specifically, the Coin98 product suite is set up across multiple Chinese blocks, so the platform offers a full-fledged experience in the DeFi smart space: other users do not need to go through different steps to make transactions in the market. They do not have a big Defi or have a deep understanding of blockchain and different standards of tokens, and they can easily convert or swap different tokens from different blockchains in the world of Defi. So it can be said that coin98 is a versatile and versatile DeFi platform.
Many large mutual funds have invested in the coin98 project, and this Vietnamese project is one of the leading projects in digital currency.
History and Founders of Coin98
The idea behind coin98 began to take shape in early 2020. In a year, when DeFi was gaining traction and the digital currency market needed an open-source financial infrastructure, the coin98 ecosystem took off.
coin98 is a Vietnamese platform founded by three creative young people with industry experience in digital currency and software development. The three creators of coin98 are Thanh Le, Vinh The Nguyen, and Khiem Dang.
What is the coin98 Support Team?
How a big project like coin98 was founded in a small country like Vietnam. What companies are the investors behind this platform?
In response, Binance Labs is one of the largest investors in the coin98 project, so it is clear that it monitors the project and interferes with its programs. In a strategic investment, Binance Labs has invested an unknown amount of money in this project, and coin98 has grown in the shadow of Binance’s fame and popularity. One of coin98’s missions is to assist DeFi infrastructure in the Binance Smart Chain (BSC).
Other big companies such as Hashed Investment Company, ParaFi Capital, Spartan Capital, and the well-known Multicoin Capital are other investors in the coin98 project.
The coin 98 Ecosystem
The Coin98 network is made up of several elements. Also, this ecosystem has brought together some of the biggest names in Decentralized Finance (DeFi) through several partnerships and mergers. The basic structure of the coin98 ecosystem consists of three components.
- A risky investment in decentralized finance projects
- Coin98 Labs
- coin98 Network
So there are three main arms at the heart of the coin98 project. Coin98, Coin98 Labs, and Coin98 Media Ventures. Each of these arms is responsible for the continued growth and sustainable development of the coin98 project.
coin98 Labs
Coin98 Labs was established to meet an urgent need for easy currency conversion and increase the tools needed in the DeFi space. So the coin98 team plays a key role in the growth and development of the coin98 ecosystem by creating a diverse ecosystem of financial products and decentralized applications (dApps) across several Chinese blocks.
The most prominent products of coin98 Labs can be mentioned as follows:
- Coin Wallet 98
- coin 98 Exchange
- Spacegate
We will briefly discuss each of these three important coin98 products in the following.
Top products of coin98 Labs: coin98 wallet
coin98 wallet is one of the most advanced wallets in the market with many features. Also, this wallet has three versions: Android, iOS, and web. The Coin 98 wallet supports 22 Chinese blocks, including Bitcoin, Ethereum, Binance Smart Chain, Solana, Polkadot, Paligan, Thron, Kosama, Thorchin, Phantom, Tomuccin, Olench, Terra, and more.
You can retrieve your other wallets in the coin98 wallet and take advantage of cross-chain currency conversion, Which means converting tokens to different standards. You can also recover the wallet on your phone in the Windows version. After installing the Android version, go to https://wallet.coin98.com/ and retrieve your Coin 98 wallet in the web version by clicking the “Connect now” button.
Top products of coin98 Labs: coin98 Exchange
Coin98 is a decentralized exchange that collects cash from various sources (several Chinese blocks) and seamlessly provides users across a platform. Thus, the decentralized exchange Coin98 provides the user with the power of instant exchange with appropriate security to experience trading with various currencies from different blockchains with the best price and slip.
The Coin98 Labs team is working on launching the next product to improve the user experience and pave the way for widespread DeFi adoption.
Spacegate
Space Gate is an innovative protocol and interface between several blockchains. This smart hub enables cross-chain transactions in more than 20 Chinese blocks through the Coin98 ecosystem. Spacegate allows network users to access multiple blockchains, DeFi platforms, and decentralized exchange protocols. Examples include Pancake Swap, Olench, Uni Swap, Sushi Swap, Erland, Phantom, and Paligan.
By promoting strategic partnerships across the crypto industry. Space Gate enables the project to harness the power of some of DeFi’s most widely used platforms and services. As a result, Space Gate brings together many of the top liquidity providers and services to strengthen the network and enhance the capabilities of coin98.
coin98 Media
Coin98 Media is the internal encryption network of the Coin98 platform and connects different communities and industry partners. The network provides a wide range of media resources and learning tools for educating the digital currency community in Defi.
coin98 Media Network is responsible for social participation projects, such as content production competitions. As the project progresses, more tools are expected to be provided by this medium to achieve higher levels.
coin98 sponsors emerging projects
Ventures are an accelerator and incubator designed to grow DIFA financial projects. Coin98 financial support for high-risk projects acts as a support arm of the Coin98 network. It’s just to invest in decentralized applications (dApps). DeFi protocols in Ethereum, Solana, Binance Intelligent Chain (BSC), and Polkadot blockchains. Helps launch innovative DeFi projects in several Chinese blocks.
What is the Currency 98 (C98) Digital Currency?
The C98 currency is located on three Chinese blocks: Ethereum, Binance Smart Chain, and Solana. This token pursues many goals. The C98 is a native token and toolbox of the coin98 ecosystem. This token is used as a network fee and for things like rewards and discounts. In addition, coin98 is a sovereign token; This means that users can control the protocol by suggesting the coin98 ecosystem.
