Coin98 is airdropping 50,000 C98 to 10,000 lucky winners
What Is Coin98?
Coin98’s concept began to take shape in early 2020. It was a great opportunity to launch a new initiative, with decentralised finance reaching new highs in terms of attention and value given by users. The Coin98 team made it their aim to create an open financial infrastructure because there was a demand for it around the world. The team admitted that they had a lot of work ahead of them as a one-stop solution for decentralised banking, cross-chain swaps, staking, earning, and yield farming.
Coin98 now supports all of the functionality it promised. Users can also get solutions from more than 20 other blockchains. Over 284,000 users generated over $216 million in volume through over 488,000 transactions, according to the platform. Coin98’s liquidity and DeFi solutions, which tap into numerous blockchains, generate deep liquidity for the company and ensure that users get the best price when trading tokens. Furthermore, the team can reduce gas costs by experimenting with multiple “paths” to complete transactions.
What Is C98 Token?
The native token, C98, is an important feature of the Coin98 ecosystem. Ethereum, Binance Smart Chain, and Solana are the three blockchains on which it is built. The cryptocurrency can be used for a variety of things, including earning a share of transaction fees, staking incentives, and exclusive membership discounts for various services and products. C98 also allows users to contribute to the protocol’s governance by proposing recommendations for the Coin98 ecosystem.
How Does Coin98 Work?
It is never easy to create an open decentralised network for financial purposes. The continuing rivalry in the blockchain field is also fracturing the broader ecosystem, making it too difficult for users to familiarise themselves with various solutions and concepts. Unifying all of those possibilities under one banner is a better goal, though it will necessitate cutting-edge technology. Blockchains are unable to communicate with one another by default.
What Is Coin98 Ventures?
The Coin98 Ventures arm is dedicated to finding and assisting developers that are working on blockchain and decentralised finance applications.
The Purpose of Coin98 Labs
The team will develop new DeFI solutions through Coin98 Labs, making it easier for customers to enter markets. A native wallet, exchange, portfolio, and markets solution have all been developed by the team. Support for new chains on the mobile and extension wallets, integration of L2 solutions, and the debut of C98 staking on Ethereum and BSC are all on the horizon. A major focus will be on integrating new AMMs and cross-chain bridges.
What Makes Coin98 Unique?
Other DeFi projects look into cross-chain liquidity, although they’re usually limited to a few different blockchains. Coin98, on the other hand, has gone above and beyond the industry average by supporting over 20 different blockchains. Space Gate, a cross-chain bridge that allows swapping and transfers across various networks, makes this possible. It has already undergone a few revisions and will continue to improve in the coming months.
In A Nutshell
As much as advanced community members, the bitcoin sector must adapt to the requirements and aspirations of newcomers and observers. Making a significant change necessitates clear and straightforward access to products and services for everyone.
What Coin98 has created and will continue to create has the potential to be a gamechanger in the crypto and DeFi industries. Connecting over 20 blockchains and L2 scaling solutions under one roof makes exploring numerous potential much easier. It also makes the process of transferring assets between blockchains easier.
How to Participate?
- Download the Wallet and create a BSC wallet.
- Go to CoinMarketCap.
- Search for C98
- Add C98 to your CoinMarketCap watchlist.
- Follow the Twitter account.
- Join their Discord.
- Join the telegram channel.
- Fill in the airdrop form and leave your BSC address created on Coin98 Wallet. The form will be available on CoinMarketCap once the event starts.