Coin98

What is Coin98?

Coin98 Labs operates as an Open Infrastructure Financial Services builder with a primary emphasis on constructing and advancing a comprehensive ecosystem of DeFi protocols, applications, and NFTs across various blockchains. Their mission revolves around satisfying latent demand and augmenting sought-after functionalities within the DeFi domain, facilitating seamless access to DeFi services for individuals.

In the increasingly competitive crypto market, establishing an open, decentralized network for the financial sector poses significant challenges. The complexity of the blockchain space often makes it challenging for users to grasp different concepts and solutions, and achieving uniformity across options requires the integration of innovative technologies. Blockchains, by default, face a limitation—they cannot communicate with one another. This is where Coin98 steps in.

The Coin98 ecosystem comprises three primary divisions: Coin98 Labs, Coin98 Ventures, and Coin98 Network. Specifically, Coin98 Ventures is dedicated to elevating blockchain and DeFi to new heights by identifying and supporting developers specializing in these domains. Coin98 Labs focuses on creating novel DeFi solutions that simplify user access to markets.

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Recent Video Interview

Main points of the interview:

• Tan, founder of Coin 98, discusses Token 2049 conference
• Emphasizes industry resilience and long-term vision
• Highlights Southeast Asia's high crypto adoption rates
• Predicts real-world asset tokenization for mass adoption

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The Coin98 Token (C98)

Inherent to the Coin98 network, the C98 token is accessible on the Ethereum blockchain, Binance Smart Chain (BSC), and the Solana network. This token serves diverse purposes, including enabling holders to receive a share of transaction fees, providing membership discounts for various products and services, and offering rewards for staking cryptocurrency.

Functioning as a tradable asset or utility, the C98 token exists on its respective blockchain, empowering users to utilize it for investments and other economic activities. Additionally, C98 allows users to indirectly influence protocol governance through proposals aimed at enhancing its ecosystem.

Coin98 Team Background

The platform's establishment involved the collaborative efforts of Thanh Le and Vinh The Nguyen. Thanh Le, recognized as a serial entrepreneur, played a pivotal role as an early investor in notable projects such as ThorChain, Band Protocol, Alpha Finance, and others.

Vinh The Nguyen, co-founder of Kytek Software, specializes in the review and construction of applications. Khiem Dang, serving as the Chief Technology Officer (CTO), shares the co-founder role at Kytek Software with Vinh The Nguyen.

Coin98 Project Development

In the realm of planned and under-development projects, Coin98 Labs is actively working on several initiatives:

• Coin98 Lend & Borrow: The development of a lending and borrowing platform by Coin98.
• Coin98 Mega Farm: A DeFi platform dedicated to farming and liquidity providing.
• Coin98 NFT Marketplace: A platform designed for the buying and selling of NFTs.
• Coin98 Derivatives: The creation of a derivative trading platform under the Coin98 umbrella.

As of now, these projects are in the developmental phase, and the community can anticipate further refinement and evolution. The ongoing efforts aim to provide a clearer and more comprehensive perspective on the various DeFi stacks being nurtured.

Recognizing DeFi as a groundbreaking innovation of this century, destined to reshape the landscape of global finance, Coin98 Labs takes pride in being a significant contributor to the journey of making DeFi accessible to everyone, irrespective of their blockchain knowledge and familiarity.

Coin98 Price Analysis

As of November 24 2024 Coin98 has a marketcap of $152M. This is {{percentagefromath}} from its all time high of $6.42. In terms of its tokenomics, there's a total supply of 1B with 89% currently outstanding. Keep in mind Coin98 has a fully diluted value of $170M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.