Binance Launchpad is now announcing its 20th IEO project, Coin98. Coin98 is a project that is no stranger to everyone when the project's outstanding product is Coin98 Wallet has strongly developed and accompanied users during the past time.
Earlier this year, the project announced that it had successfully raised $ 1,25 million in Seed round, led by funds ParaFi Capital, Multicoin Capital, Hashed and Spartan Group. Followed by Alameda Research who invested $4 million in the project.
Without wasting time, let's learn about the project, tokenomics and IEO details on Bianance Launchpad for C98 token.
What is Coin98 (C98)?
Coin98 is a cross-chain liquidity protocol, the project has built a full suite of products including Coin98 Wallet, Coin98 Exchange and Coin98 Bridge.
The protocol provides a platform for users to easily interact with the Decentralized Finance ecosystem (DeFi), such as decentralized exchanges, lending protocols, on-chain governance, and blockchain-based games.
Coin98 and the project's products
- Coin98 Wallet: Multi-chain wallet allows users to store, transfer and manage crypto assets and connect to multiple dApps on multiple blockchains. Wallet supports more than 20 networks including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche and Terra… on both Mobile (iOS and android) and Chrome Extension versions.
- Coin98 Exchange: Multichain liquidity aggregator helps users to swap, staking, lending, borrowing and earn cryptocurrency. It provides smart order routing for best rates and low slippage.
- SpaceGate: A cross-chain bridge allows swapping and transferring across multiple networks. It supports moving tokens between the following networks: ERC20 <-> SPL, ERC20 <-> TRC20 <-> BEP20, ERC20 <-> AVAX C-Chain <-> AVAX X-Chain.
|Token Standard||ERC-20, SPL, BEP-20|
|Token type||Governance, Unity|
|Total Supply||1.000.000,000 C98|
|Circulation supply||185.000.000 C98 when listed|
- Binance Launchpad Sale: 5%
- Seed Sale: 5%
- Strategic Sales: 15%
- Team: 20%
- Advisors: 2%
- Treasury: 12%
- Ecosystem Growth: 21%
- Community Development: 20%
Token Release Schedule
The project has raised 12,5 million USD from two seed token sales and private sale. Details are as follows:
- Allocation: 50,000,000 C98
- Token Price: 0.025 USD / C98
- Amount Raised: 1,250,000 USD
- Allocation: 150,000,000 C98
- Token Price: 0.075 USD / C98
- Amount Raised: 11,250,000 USD
Binance Launchpad Sale
- Allocation: 50,000,000 C98
- Token Price: 0.075 USD / C98
- Amount to be Raised: 3,750,000 USD
Token Use Case
- Ecosystem development: The C98 revenue from trading fees will be deposited into the treasury fund and partially reserved for future product development and ecosystem growth.
- Staking: The remainder of the treasury fund will be allocated to C98 token holders who have staked. Distribution is subject to protocol administration and is subject to change.
- Governance: Users can stake C98 in exchange for X98 to gain voting rights and participate in the governance process to change product parameters.
- Membership only: Users will receive tiered benefits across the platform, depending on their holding of X98. Some of the benefits include access to participate in the Coin98 launchpad and valid offers from strategic partners.
C98 is traded on which exchange?
C98 has not listed any exchanges, at the end of the IEO will be listed on Binance. Later, you can earn more via staking or buying on Coin98 Exchange in addition to Binance.
C98 token storage wallet
Coin98 Wallet is one of the most popular products of the project which is also very easy to use. You can store it here.
Potential Evaluation of Coin98 (C98)
The two leading members, Mr. Le Thanh (Founder) and Mr. Nguyen The Vinh (Co-founder) are both pioneering startups focusing on blockchain technology.
As mentioned, earlier this year the project announced that it had successfully raised $ 1,25 million in Seed round, led by funds ParaFi Capital, Multicoin Capital, Hashed and Spartan Group. Accordingly, Alameda Research invested $4 million.
Comparing Coin98 Exchange with some current projects, we have the following table:
According to the provided roadmap, the Coin98 Exchange product goes through 4 Phases. Currently in Phase 2.
Coin98's ecosystem currently has products: Coin98 Wallet, Coin98 Exchange, Coin98 Portfolio, Coin98 Markets. The future will include the following products: Coin98 Launchpad, Lend & Borrow, Staking, GiGa Farm, Terminal, Derivatives.
Coin98 (C98) on Binance Launchpad
- Token Name: Coin98 (C98)
- Launchpad Hard Cap: 3,750,000 USD
- Hard Cap per user: 20,000 USD (266,666.667 C98)
- Total tokens allocated to Binance Launchpad: 50,000,000 C98
- Public Sale Token Price: 1 C98 = 0.075 USD (price in BNB will be determined before registration)
- Token Sale Format: Sign Up
- Supported Sessions: BNB
Step 1: First you need a Binance account:
Registration link: https://blogtienao.com/go/binance
Then you need to know how to join Binance Launchpad, please refer to the article link Instructions to join Binance Launchpad.
Step 2: Stages of participation
- Preparation phase - 7/16 at 07:XNUMX a.m until 7am on 23/07: User's BNB balance will be calculated by hourly snapshot for each day for a period of 7 days. Your last average daily BNB balance for these 7 days will determine the maximum amount of BNB you can commit later.
- Registration time - 13:23 on 07/17 to 23h on 07/XNUMX: Registration will open at this time to all eligible users for a period of 4 hours. Users must also sign the Token Purchase Agreement at the same time, before committing their BNB. Once committed, your BNB will be locked and you will not be able to redeem or access any other functions like transfer, withdrawal or trading until the final token distribution.
- Approx calculation time - 17:23 p.m. on July 07 to 18:23 p.m. on July 07: Registration closes and token allocation calculation begins.
- Distribution last token at 18pm on 23/07: Your final token allocation will be calculated and the corresponding BNB will be deducted from your locked BNB amount. Once deducted, both your C98 and BNB will be transferred to your spot wallet.
Hope the article gives you a complete look at Coin98 (C98), and the IEO project on Binance Launchpad.
Coin98's mission is to fill the untapped demand in the Defi space. Either way, before investing you must learn about the project thoroughly. Choose through research or refer to information through Blogtienao's articles.
Moreover, Coin98 is considered a pioneering Start-up. Things Coin98 has done such as a trading volume of $ 20 million traded in March through Coin3 Wallet, or a large number of users in Asia.
Hopefully Coin98 continues to develop, new products have many creative points and C98 token also has momentum to achieve good profits for those who want to invest. Thanks!