With exciting features like staking, decentralization, and token swaps, the cryptocurrency industry offers plenty of profit opportunities for traders and investors. However, users often have to switch between ecosystems and currencies to access services, making buying/trading cryptocurrencies a time-consuming and cumbersome experience.
As global interest in decentralized finance (DeFi) increases, it is now more crucial than ever for projects to focus on convenience to attract and retain users. If DeFi is to gain traction, these solutions must also be easily accessible. With support for over 20 blockchains and their native assets, Coin98 makes it easy for users to explore different options. Let’s take a look at Coin98 and its native token C98.
How to define Coin98?
Coin98 is a one-stop solution for decentralized finance, cross-chain swaps, staking, earning, and yield farming.
Coin98 provides an ecosystem of DeFi products to make them affordable to DeFi users. Projects built on the protocol include decentralized exchanges, lending protocols, on-chain governance (via Snapshot), blockchain-based games, and more.
The idea behind Coin98 began in early 2020 when DeFi began to reach new heights in value and attention. An increase in user value made it an ideal time to build a new project. The crypto market needed an open financial infrastructure and Coin98 was developed to provide the answer.
What is the C98 token?
Native to the Coin98 network, C98 is available on the Ethereum blockchain, Binance Smart Chain (BSC), and the Solana network. The token serves many functions such as allowing holders to earn a portion of transaction fees, granting them membership discounts for products and services, and rewarding them for staking cryptocurrency.
The C98 token represents a tradable asset or utility that resides on its blockchain and allows users to leverage it for investment and other economic purposes. C98 also allows users to indirectly govern the protocol through proposals that are used to improve its ecosystem.
How does Coin98 work?
With increasing competition in the crypto market, building an open and decentralized network for the financial sector is no small feat. The blockchain space makes it difficult for users to get acquainted with different concepts and solutions and the options cannot be unified without the implementation of innovative technologies. By default, blockchains cannot communicate with each other. This is where Coin98 comes in.
The Coin98 ecosystem consists of three main divisions: Coin98 Labs, Coin98 Ventures, and Coin98 Network. In particular, Coin98 Ventures is designed to take blockchain and DeFi to the next level by finding and supporting developers who specialize in these fields. Coin98 Labs creates new DeFi solutions that allow users to easily access the markets.
Key features of the Coin98 ecosystem
The Coin98 network is comprised of many diverse elements, with its ecosystem bringing together some of the biggest names in DeFi. Each of its three core divisions plays an important role in the continued growth and development of the project.
Coin98 Ventures is an incubator and accelerator designed to empower new DeFi projects. It helps kickstart creative projects across multiple blockchain platforms by investing in decentralized applications (DApps) and DeFi protocols based on Ethereum, Solana, BSC, and Polkadot.
Coin98 Labs was created to “address untapped demand and improve in-demand utilities in the DeFi space.” This was achieved by building a diverse ecosystem of DeFi products and DApps across multiple blockchains. So far, the team has built multiple solutions, including an exchange, a native wallet, multiple marketplace solutions, and a portfolio. Several more features are in the pipeline, including mobile support for new chains, integration of new cross-chain bridges, and automated market maker (AMM) options.
Coin98 Media is the platform’s internal crypto network. It connects various communities and industry partners. The network provides a range of multimedia resources and learning tools to equip the blockchain community with the knowledge needed to navigate the DeFi landscape. Additionally, the project’s media network manages community engagement initiatives such as content creation contests. As the project grows, other utilities may be developed by the media division to help the platform achieve high levels of interoperability.
What are the pros and cons of Coin98 (C98)?
To help you make an informed investment decision, here are some of the pros and cons of Coin98 and its native token C98.
Pros
Coin98 seeks to accelerate the growth of DeFi by making the overall blockchain experience more accessible to the public.
It offers a wide selection of over 20 blockchains and their native tokens.
Using the platform, users can transfer to multiple addresses at once.
Cons
The performance of C98 cannot be accurately predicted due to its high volatility.
As a relatively new project, it has not yet seen extensive real-world use, so its actual effectiveness/efficiency remains to be seen.
Buy C98 Tokens
C98 tokens cannot be purchased directly with fiat currency. However, you can buy USDT tokens with fiat currency and exchange them for C98 tokens.
Step 1: Create a Bybit trading account. You will need to fill out some basic information, such as your name, phone number, email address, and residential address.
Step 2: If you do not own USDT, you will first need to purchase USDT tokens via bank transfer, debit card, or credit card.
Step 3: Complete your trade at the price of your choice using a limit order. Simply enter the price of your order in USDT and the amount of C98 tokens you wish to acquire. When the price reaches the amount you specified, your order will be processed and the C98 tokens will be reflected in your account.
Step 4: The final step is to set up a secure wallet (preferably a hardware wallet) to safely store your C98 tokens.
Once you have your C98 tokens, you can make various transactions on different platforms.
Is Coin98 (C98) a good investment?
Coin98 is a new project aiming to improve DeFi infrastructure and interoperability. Although the price of the C98 coin is not yet stable, the Coin98 platform already offers investors a user-friendly wallet and rewards them with C98 for staking or including assets in liquidity pools. With the development of these features and the launch of new products in the ecosystem, the token should show excellent results in the long term.
According to Wallet Investor, C98 is a solid long-term investment, so if you are looking for virtual currencies with high potential, it is definitely an option to check out. Based on the forecast, a long-term increase in price is expected, with C98 expected to reach $52.56 by 2026. This is an increase of approximately 1,600% compared to its current price.
Coin98 has a long-standing partnership with the casino site for money https://iwashka.com.ua. Nowadays, gambling enthusiasts are offered a huge selection of online gambling clubs, but if you are afraid of running into an unscrupulous operator, do not hesitate to register on the casino site for money. You will have a real chance to win at licensed games with a high payout percentage, many interesting bonuses with fair wagering requirements, and a wide range of safe and secure payment services.
Final thoughts
The Coin98 ecosystem presents itself as a hub for DeFi that unites the best DEXs to create a gateway for vast cross-chain liquidity. Additionally, the diverse range of DeFi services and tools that users can find on the Coin98 protocol should perfectly suit their lending, liquidity, and borrowing needs. Overall, Coin98 provides new projects with strong support by injecting the resources needed to accelerate crypto and DeFi frameworks. Its potential makes it a platform to watch.
