Coin98 (C98) is a leading multi-chain DeFi ecosystem in Vietnam, facilitating easy, secure access for users to DeFi products like wallets, exchanges, asset management, and many blockchain tools.
Coin98 possesses a multi-platform product suite ranging from e-wallets, cross-chain exchanges to portfolio management tools, integrating smooth experiences and optimal security for a global community, and is continually expanding its position in the international market.
MAIN CONTENT
Coin98 is a multi-platform DeFi ecosystem, leading in providing user experience across multiple blockchains.
The product suite includes Coin98 Wallet, Coin98 Exchange, Portfolio, asset management tools, and many more upcoming services.
The project has a Vietnamese team, receives investments from many reputable funds, operates the multi-utility Token C98, and has a clear development roadmap.
What is Coin98 (C98)? Definition & Mission of the Coin98 ecosystem
Coin98 is a multi-chain DeFi ecosystem with the goal of simplifying access to and using DeFi services for everyone, regardless of technical knowledge.
Coin98 is not just an e-wallet; it is a cross-chain communication gateway that helps millions of users easily participate in the DeFi world.
Le Thanh, Co-founder of Coin98, spoke at the Vietnam Blockchain Summit 2022
Starting as a coin community with a long-term development orientation, Coin98 quickly grew, offering a full suite of multifunctional products including wallets, exchanges, asset management portfolios, and many DeFi tools. All operate on multi-chain, optimizing experience, security, and convenience for all users. These products minimize technical barriers, while also making it easier for newcomers to access DeFi services that previously only tech-savvy individuals dared to use.
What highlights help Coin98 establish its position in the DeFi market?
Coin98 stands out for its "always connected" experience, providing a multi-chain wallet solution as well as integrating top DeFi features all on a single platform.
We believe in building crypto products that are user-centric, and Coin98 is a prime example of the all-in-one integration model in DeFi.
ParaFi Capital, Coin98 investor, Q3/2021 report
Coin98 Wallet allows access to multiple blockchains with just one password or PIN, making it easy for users to manage multiple assets. The system also integrates interfaces for services like decentralized exchanges, portfolio management, lending, staking, NFTs, and derivatives markets. Coin98's transaction rates are always optimized thanks to multi-source liquidity from Uniswap, SushiSwap, PancakeSwap, and many major exchanges, ensuring good prices and reducing slippage. Security is assured with FaceID, Touch ID, PIN, or Matrix Password authentication on the web browser. The intuitive interface, supporting multiple languages, targets both the Vietnamese community and international users, making Coin98 a popular choice across Asia. In 2023, Coin98 recorded strong user growth in South Korea, Thailand, Indonesia, and India, thanks to the multi-chain ecosystem expansion policy.
What does Coin98's flagship product suite include?
Coin98's product suite currently includes: Coin98 Wallet, Coin98 Exchange, Coin98 Portfolio, and many platforms – strong supplementary tools.
Coin98 Exchange: What makes this cross-chain decentralized exchange special?
Coin98 Exchange is a cross-chain DEX that allows trading assets on Ethereum, BSC, Solana, Tron, Avalanche, Polkadot, and many other blockchains on a single platform.
The direct cross-chain capability, optimized pricing, speed, and experience of Coin98 Exchange help diversify investment opportunities and reduce barriers for newcomers entering the DeFi market.
Nguyen The Vinh, CTO of Coin98, announced at Coin98 Annual Meetup 2023
The exchange supports multi-chain Token swaps, leveraging aggregated liquidity to ensure good prices and reduce slippage. The interface is designed for both newcomers and experienced traders, requiring no deep knowledge of crypto or blockchain. Products surrounding Coin98 Exchange (staking, launchpad, farming…) further enhance the community experience. According to a report from TinTucBitcoin, the total trading volume on Coin98 Exchange averaged 20 million USD in March 2023 alone, reflecting the real appeal of this platform from Vietnam.
Coin98 Wallet: The universal key to the global DeFi ecosystem?
Coin98 Wallet is a non-custodial cryptocurrency wallet, supporting the storage and management of thousands of coins/Token across dozens of different blockchains such as Bitcoin, Ethereum, Solana, BSC, Polkadot, Near, Avalanche...
The wallet fully supports both Mobile App and browser extension, connects instantly with dApps, DEX, and DeFi services, DeFi Lending, NFT Marketplace. Many security features such as FaceID, biometric authentication, PIN, matrix security code provide multiple layers of protection, ensuring users' absolute peace of mind.
Compared to well-known wallets like Metamask or Trust Wallet, Coin98 Wallet stands out for its easy multi-chain management, continuous updates, and superior support for Vietnamese and Southeast Asian users. This is a crucial bridge for millions of users from emerging regions to join DeFi. According to CryptoRank data from December 2023, Coin98 Wallet downloads surpassed 4 million just two years after launch, with a very high daily active user rate.
Coin98 Portfolio: Smart multi-chain asset management tool for emerging markets?
Coin98 Portfolio is a toolset for tracking and managing Multi-Chain assets without needing to import keys, allowing for safe and convenient control of crypto portfolios.
The Portfolio V1 supports tracking wallets on Solana, Ethereum, BSC, HECO, Avalanche C-Chain, Tron, TomoChain, Near, Polkadot, Kusama, Celo… Users can track asset fluctuations, transactions, create profit-loss reminders with just a single interface. The upcoming Portfolio V2 update will further expand data analysis features.
Instead of having to re-enter the Private Key when switching asset management services, Coin98 Portfolio helps synchronize and simplify all operations, suitable for both long-term investors and short-term traders.
What products is Coin98 currently developing?
In addition to products that have already launched, Coin98 Labs continuously launches new products to enhance the ecosystem:
Coin98 Launchpad: A coin issuance platform on DEX that helps projects launch Tokens with transparency and high efficiency.
Coin98 Markets: A real-time on-chain blockchain data aggregation system, providing DeFi, NFT, and Token market insights for global investors.
Coin98 Terminal: A DeFi utility suite, integrating tools for trading, asset analysis, comparing lending interest rates, and tracking airdrops.
Coin98 Lend & Borrow: A crypto lending and borrowing platform, supporting many major assets, directly competing with large lending protocols like Aave, Compound.
Coin98 Mega Farm: An optimized yield farming market, with a user-friendly interface, multi-chain.
Coin98 Staking: Allows staking of Crypto assets directly from the wallet, receiving rewards or participating in community programs.
Coin98 NFT Marketplace: A multi-chain NFT trading platform, connecting Vietnamese creators with international collectors.
Coin98 Derivatives: The derivatives trading market, including Margin, Futures, and Options, aimed at professional traders.
Detailed information about the C98 Token – Governance and operation platform of the ecosystem
C98 is the foundational Token of the Coin98 ecosystem, supporting governance (Governance), utility (Utility), and special access roles. C98 is issued on three standards: ERC-20, BEP-20, and SPL (Solana).
Ticker C98 Contract BEP20: 0xaec945e04baf28b135fa7c640f624f8d90f1c3a6
ERC20: 0xae12c5930881c53715b369cec7606b70d8eb229f
SPL: C98A4nkJXhpVZNAZdHUA95RpTF3T4whtQubL3YobiUX9 Token Standard ERC-20, SPL, BEP-20 Token type Governance, utility Total Supply 1,000,000,000 C98 Circulation supply 185,000,000 C98 at listing
How is the C98 Token allocated?
Transparent token allocation, balanced between the community, development team, and ecosystem development fund:
Binance Launchpad Sale: 5%
Seed Sale: 5%
Strategic Sale: 15%
Team: 20%
Advisors: 2%
Treasury: 12%
Ecosystem Growth: 21%
Community Development: 20%
This helps ensure C98 has the long-term resources for development while encouraging the community to own and use the Token. Additionally, regular allocations for community programs and long-term vesting periods help reduce sell-off pressure and protect retail investors.
What is the unlock schedule for C98?
The unlock plan (unlock) for C98 spans from 2-4 years depending on the group, ensuring stability and long-term development of the ecosystem:
Ecosystem Growth, Community Development: Vesting 4 years, 30% unlock at TGE, the rest vesting from the second year.
Team: Vesting 4 years, 1-year lock then gradual unlocking.
Strategic Sale: Vesting 2 years, 1-year lock then gradual unlocking.
Treasury: Vesting 4 years, 10% TGE, gradually unlocking from the second year.
Seed Sale, Advisors: Vesting 3 years, 1-year lock then gradual unlocking.
Binance Launchpad Sale: Fully unlocked at TGE.
At the time of the IEO sale on Binance Launchpad, 18.5% of the total C98 supply was unlocked, while the remaining amount is allocated with strict control for developmental purposes.
What is the C98 Token used for?
The C98 Token is used for multiple purposes within the ecosystem:
Receive revenue share from transaction fees, supplementing the ecosystem development fund.
Staking: investors stake C98 to receive rewards from the treasury, promoting HODL and reducing circulating supply.
Governance: stake C98 to receive X98, helping to vote, change protocols, and shape project development.
Special privileges: High-level C98 holders will be prioritized for participation in Coin98 Launchpad, receiving offers from partners, and early access to new products.
The use of C98 is diverse, aiming to increase the practical value of the Token and maintain long-term community loyalty.
How to own and trade the C98 Token?
Currently, you can buy C98 directly on major exchanges like Binance (CEX), Coin98 Exchange (DEX) or participate in providing liquidity, staking on pools belonging to Coin98.
Buy on Binance Launchpad (the IEO phase has ended but can still be purchased through the secondary market).
CEX: Binance, Hotbit, Gate.io, etc.
DEX: Coin98 Exchange or supported AMMs.
Provide liquidity/staking to receive C98 rewards on the Coin98 platform.
"Trust from major exchanges like Binance and the international community is a huge motivation for Coin98 to maintain transparency, continuously innovate, and protect investors."
Le Thanh, Co-founder of Coin98, Binance AMA March 2023
Where to securely store C98 Token?
C98 can be stored on Coin98 Wallet, Metamask, Trust Wallet…. However, given its multi-chain nature (ERC20, BEP20, SPL), using Coin98 Wallet will be the simplest when interacting and managing all assets on Ethereum, BSC, and Solana simultaneously. Security measures such as biometric authentication and PIN enhance the safety level when storing high-value Tokens.
Roadmap & development updates: Coin98 pioneers in building the DeFi network in Asia
The roadmap to complete Coin98 Exchange is divided into 4 major phases:
Phase 1: Developing trading markets on individual blockchains.
Phase 2: Supporting multi-chain, bridging assets between chains like Ethereum, BSC, Solana, Avalanche.
Phase 3: Deploying Smart Route (finding the best prices across multiple DEX on each blockchain), eliminating manual operations, reducing slippage, optimizing transactions.
Phase 4: Connecting Smart Route, Native Bridge, and exchanges, creating a complete, secure, high-speed cross-chain platform.
Additionally, products such as Terminal, Launchpad, NFT Marketplace, Lending, Derivatives are always being enhanced with new features and integrated technologies. In 2024, Coin98 plans to expand its presence in the European market and connect more major blockchains to the cross-chain DEX.
What is special about Coin98's development team, investors & partners?
Coin98 impresses with a leadership team that is 100% Vietnamese, rich in practical blockchain experience, along with support from a series of major investment funds from both East and West.
Who is behind the development of Coin98?
Coin98 was founded by Le Thanh (Founder – president of the Coin98 Community) and Nguyen The Vinh (CTO) – both are passionate individuals with deep technical knowledge of blockchain, DeFi, and many years of building cryptocurrency communities in Vietnam and internationally. Additionally, the technical team and product development are continuously expanded, selecting the best experts in the region.
Investment and collaboration – How did Coin98 raise capital?
From the Seed round (initial fundraising), Coin98 Labs attracted 1.25 million USD from international funds like Hashed (Seoul, Silicon Valley), ParaFi Capital (USA), Spartan Group (Singapore), Multicoin Capital (USA & China). Reports from Coindesk further indicate: Alameda Research – one of the largest market makers in the world also invested 4 million USD in Coin98.
Successfully attracting funding from large funds while also strategically collaborating with exchanges, DeFi–NFT–GameFi projects enhances Coin98's credibility and expands its network globally. This is a significant advantage for any Southeast Asian blockchain startup aiming for international reach.
Vietnam is proving its ability to build substantial blockchain projects and compete with large startups in Asia.
Zhao Changpeng, CEO of Binance, at the Binance event in Vietnam 2022
Coin98 (C98) in practice – Outstanding achievements and impressive numbers
Coin98 is considered a leading blockchain startup in Southeast Asia, having trended on Binance and possessing impressive trading volume year after year. Additionally, user data has continuously increased each quarter.
Metrics (Q1-2024) Description/Impact Coin98 Wallet Downloads Over 4 million Coverage across Asia, retaining users long-term DEX Trading Volume Average 20 million USD/month Attracts new capital flow, creates large liquidity Ecosystem supports 15+ Blockchains Competes with major international exchanges, enhances multi-chain capability Community Growth From 20K to over 250K (2020–2024) Success thanks to strong branding & social media strategy
A report from Binance in 2023 noted that Coin98 consistently maintained its position in the top 3 DeFi ecosystems with the fastest-growing new user base in Southeast Asia. Coin98 also trended in the "top trending" on Coinmarketcap due to a spike in trading volume when launching new products.
Frequently Asked Questions
What is Coin98 (C98)?
Coin98 is a multi-chain DeFi ecosystem from Vietnam, providing wallets, exchanges, portfolios, and many DeFi utility tools for global users.
What role does the C98 Token play in the Coin98 ecosystem?
C98 is a utility token cum governance token, used to receive rewards, staking, governance voting, participate in launchpad, and ecosystem benefits.
How to own C98?
You can buy directly on Binance, Coin98 Exchange, or earn rewards from staking, providing liquidity on Coin98 pools.
How is C98 securely stored?
Use Coin98 Wallet to securely store C98, or you can store it on compatible wallets like Metamask/Trust Wallet but prioritize the multi-chain Coin98 wallet.
What differentiates Coin98 from Metamask, Trust Wallet?
Coin98 excels in broad multi-chain support, a user-friendly interface for Vietnamese users, integrating many DeFi & NFT services, and continuously updating new features.
Who founded Coin98?
Le Thanh (Founder) and Nguyen The Vinh (CTO) are two Vietnamese founders with extensive blockchain experience, highly regarded by the community for their credibility and expertise.
Which funds did Coin98 raise capital from?
Major funds like Hashed, ParaFi Capital, Spartan Group, Multicoin Capital, and Alameda Research have all successfully invested in Coin98 Labs.
Source: https://tintucbitcoin.com/coin98-c98-la-gi/
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