C98 was co-founded by the close duo Vinh and Thanh.
Vietnam's unicorn a few years ago and national pride in Crypto.
Although the pain has been long, it remains a stain in the Crypto community.
Why does a promising project that is still operating well drop to 98.89 times after 4 years of launch?
The question is what has the C98 team done or NOT DONE.
I will point out the HIDDEN ASPECTS of C98. Saying it this way to grab attention, but many of you already know.
1. The dev shills the project directly on their personal page, appealing to national pride and unity (Vietnamese people are very patriotic and many singers and actors still rely on it to gain fame). If the dev is from a project with liquidity, this shouldn't be allowed, but back then Vietnam had no laws regarding Crypto.
2. The friends of this dev are all veterans in Crypto; certainly, anyone who played back then was blindly influenced by KOLs to buy this token at its peak. I can't conveniently name names, but I can mention Ryan or TCVN or HC. With their level of understanding, the possibility of calling $6 is almost impossible.
3. Tokens for the project, but the C98 project seems to be stuck in place with half-hearted and patchy application development that lacks practicality. (C98 is a wallet, and Tomochain is also an e-wallet). There are no improvements to help users, although it seems they are listening. Have you used it? Besides the flashy yellow color, what convenience does it offer IF you have used the Jupiter or Uniswap wallets?
4. Opening an ecosystem called Ninety Eight including VIC, Saros, Zen Card, Dagora, Baryon Network, Starship, Cyborg, Eternal, FrontierDAO
Vic is the predecessor of the TomoChain token, and the main token in the complicated ecosystem above is none other than C98. All the by-products created are sold for $.
5. Now Ninety Eight gathers the two wallets and users of C98 and Tomochain into one, merging them into Layer 1 to create Viction, today there is a big event about Vic to attract investment flows, the younger generation, newcomers, purifying and bringing new funds for development.
6. If successful, Ninety Eight would also become something significant, but essentially I don't evaluate the sincerity of the C98 devs highly, their capabilities are acceptable.
7. Most tokens of the Ninety Eight ecosystem are listed quietly on exchanges, but you understand that listing on Binance requires many criteria, the most important being community and funds. You probably understand this already.
The lesson learned here is that I am not promoting C98 or VIC, nor am I bashing C98 or VIC.
Simply put, you need to understand how they operate, whether it brings real value to you, or if they just need your funds to promote their chain, and the value you receive is the 98.89 times distribution like C98 before or soon on VIC, could it reach 98 times like the potential of a Layer 1? (What kind of Layer 1 is a 32m cap) @@
Just kidding, it has dropped 90%, whether it increases or not after today is still unclear @@
You evaluate and make the decision to invest with your two friends Vinh and Thanh.
Personally, I have no faith in Vietnamese projects (up to now) because of the cunning nature of Vietnamese devs, which has no practical value.
Thanks!
