Coin98 operates within the decentralized finance (DeFi) ecosystem, offering users features like cross-chain swaps, staking, and yield farming. The platform seeks to address a niche in the industry by acting as a conduit for traditional finance users to seamlessly connect with DeFi services across various blockchains.
Their extensive product suite includes the Coin98 Wallet, Coin98 Exchange, and the Space Gate, which serves as a cross-chain bridge. Notably, in July 2021, Coin98 was introduced as a project on the Binance Launchpad.
Coin98 (C98) Features and Updates
Multi-Signature Wallets: Multi-signature wallets are often used to enhance security. These wallets require multiple private keys to authorize transactions, making it more difficult for unauthorized individuals to access funds.
Smart Contract Audits: Coin98, like other DeFi platforms, may utilize smart contracts. To enhance security, third-party security firms often audit smart contracts to identify and mitigate vulnerabilities or potential exploits.
User Education: Coin98 may provide educational resources and best practices to help users protect their assets. This might include information on avoiding phishing attacks, recognizing scams, and securing private keys.
Who Are the Founders of Coin98?
Thanh Le and Vinh The Nguyen co-founded the platform. Thanh Le is a serial entrepreneur known for his early investments in projects like ThorChain, Band Protocol, Alpha Finance, and more.
On the other hand, Vinh The Nguyen co-founded Kytek Software, a company specializing in application development and review. The platform’s Chief Technology Officer (CTO), Khiem Dang, is also a co-founder of Kytek Software.
How Is the Coin98 Network Secured?
Here are some of the key security features and measures that contribute to the security of the Coin98 network:
Blockchain Technology: Coin98 operates on various blockchains, which are known for their security features. These blockchains, such as Ethereum, Binance Smart Chain, and others, use cryptographic techniques to secure transactions and data on the network.
Decentralized Consensus: Many blockchains, including those used by Coin98, rely on decentralized consensus mechanisms like Proof of Stake (PoS), Proof of Work (PoW), or other variations. These mechanisms ensure that transactions are validated by a distributed network of nodes, making it extremely difficult for any single entity to manipulate the network.
Private Keys: Coin98, like many cryptocurrency wallets and platforms, emphasizes the importance of private key security. Users are encouraged to keep their private keys secure and not share them with anyone. Private keys are used to sign transactions and access wallet funds.
How Many Coin98 (C98) Coins Are There in Circulation?
The C98 token, which operates on the Coin98 network, serves a utility or governance function. As of the current data available, the circulating supply stands at 602,222,211 C98, with a total supply of 1,000,000,000 C98.
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What Makes Coin98 Unique?
Here are some aspects that made Coin98 unique:
Cross-Chain Swaps: Coin98 offers a decentralized exchange (DEX) service that enables cross-chain swaps. This means users can exchange one cryptocurrency for another, even if they are on different blockchains, without relying on a centralized exchange. This promotes decentralization and security.
DeFi Aggregator: Coin98, as a decentralized finance (DeFi) aggregator, assists users in discovering and accessing the most favorable DeFi protocols, liquidity pools, and yield farming opportunities across various blockchains. This streamlines user participation in DeFi.
Staking Services: Coin98 provides staking services for various cryptocurrencies, allowing users to earn rewards by locking up their tokens. Staking is a way to support blockchain networks and earn passive income.
NFT Integration: Coin98 has integrated non-fungible tokens (NFTs) into its platform, allowing users to explore, purchase, and manage NFTs. NFTs are unique digital assets that have gained popularity in the art, gaming, and entertainment industries.
Where Can You Buy Coin98 (C98)?
What is the all-time high (ATH) of Coin98?
The all-time high (ATH) for C98, last recorded on August 25th, 2021, reached a value of $6.42.