• Coin98 is a cross-chain liquidity protocol with a full suite of products including Coin98 Wallet, Coin98 Exchange and Coin98 Bridge. The Coin98 wallet is a non-custodial, multi-chain crypto wallet and gateway, built as an infrastructure to the multi-chain future.

• The protocol provides a one-stop platform for users to access the Decentralized Finance (DeFi) ecosystem, such as decentralized exchanges, lending protocols, on-chain governance (via Snapshot), and blockchain based games. Users may also perform cross-chain migration via the mobile app, which supports over 20 networks such as Ethereum, Binance Smart Chain, Solana, Avalanche and more.

• The C98 token is the native utility token of the platform. The current and planned use cases of the C98 token includes:

  • Ecosystem development: C98 revenue from transaction fees will be sent to a treasury fund and partially set aside for future product development and ecosystem growth.

  • Staking: The other fraction of the treasury fund will be allocated to C98 holders who stake their tokens. The exact distribution is subject to protocol governance and may be changed.

  • Governance: Users may stake C98 in exchange for X98 to gain voting power and participate in the governance process to change product parameters.

  • Unique membership rights: Users will gain tiered benefits on the platform, depending on their X98 holdings. Some benefits include access to participate in Coin98 launchpads and retroactive incentives from strategic partners.

• Coin98's platform consists of the following major components working in conjunction:

  • Coin98 Wallet: A multi-chain wallet allows users to store, transfer and manage crypto assets and connect to numerous dApps on multiple blockchains. It supports over 20 networks including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, and Terra etc on both Mobile (iOS and android) and Chrome Extension versions.

  • Coin98 Exchange: A multichain liquidity aggregator that helps users to swap, stake, lend, borrow, and earn crypto. It offers smart order routing for the best rates and low slippage.

  • Space Gate: A cross-chain bridge that enables swapping and transfers across multiple networks. It supports token migrations between the networks below:

    • ERC20 <-> SPL

    • ERC20 <-> TRC20 <-> BEP20

    • ERC20 <-> AVAX C-Chain <-> AVAX X-Chain

• The project has raised 12.5MM USD from two rounds of private token sales, where 20.00% of the C98 total token supply has been sold at 0.025 USD / C98 and 0.075USD / C98.

• As at July 21st 2021, the total supply of C98 is 1,000,000,000 and the current circulating supply upon listing will be 185,000,000 C98 (~18.50% of the total token supply).

Key metrics (as at July 21st 2021)

1. What is Coin98 (C98)?

Coin98 is a cross-chain liquidity protocol that aims to be the gateway from Traditional Finance (TradFi) to Decentralized Finance (DeFi). The protocol achieves this by building a full suite of products including Coin98 Wallet, Coin98 Exchange and a cross-chain bridge (Space Gate) to migrate tokens across networks.

• Coin98 Wallet: A multi-chain wallet allows users to store, transfer and manage crypto assets and connect to numerous dApps on multiple blockchains. It supports more than 20 networks including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, and Terra etc on both Mobile (iOS and android) and Chrome Extension versions.

• Coin98 Exchange: A multichain liquidity aggregator that helps users to swap, stake, lend, borrow, and earn crypto. It offers smart order routing for the best rates and low slippage.

• Space Gate: A cross-chain bridge that enables swapping and transfers across multiple networks. It supports the swap of tokens between:

  • ERC-20 <-> SPL

  • ERC-20 <-> TRC-20 <-> BEP-20

  • ERC-20 <-> AVAX C-Chain <-> AVAX X-Chain

Coin98's mission is to fulfill the untapped demand in the DeFi space and become a Gateway for TradFi users to easily access any DeFi services on multiple blockchains.

2. Token sales and economics

2.1 Token sales data

2.2 Token allocation

2.3 Token governance and use of funds

As of writing, the Coin98 team has used funds raised according to the allocations below:

• 3.73% Partnerships

• 2.61% Marketing

• 4.20% Team

• 86.60% Development

• 2.86% Operation

All funds are held in a multi-sig cold wallet controlled by the core team. Any movements of funds require at least 2 out of 3 signatures from the top management team.

C98 token allocation

C98 token release schedule

2.4 C98 token overview and use-cases

The native utility token of Coin98 is C98 and has the following functions:

• Platform Service Fees: Coin98 Exchange will charge users a small fee payable in C98 for each transaction.

• Product Development and Growth: To develop a self-sustainable, closed-loop economy, all platform transaction fees collected by the network, whether in C98 or otherwise, would be re-distributed as incentives for active contributors within the ecosystem, or set aside for future product development and ecosystem growth.

• Staking incentives: For the Coin98 Exchange to function well, it is critical to incentivize users to play the role of liquidity providers and stake their digital assets into the decentralized market-making pools. As compensation for opportunity costs, these liquidity providers which help to provide liquidity for the operations of the Coin98 Exchange by staking or including assets to liquidity pools in exchange for liquidity provider tokens would be rewarded with C98 tokens (i.e. “liquidity mining" on the Coin98 Exchange), according to each user's relative contribution after various adjustment and correction parameters.

• Governance: To promote decentralized community governance for the network, C98 token holders may propose and vote on governance proposals to determine features and/or parameters of the Coin98 Exchange and its products. For the avoidance of doubt, the right to vote is restricted solely to voting on features of the Coin98 Exchange; the right to vote does not entitle C98 token holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, and does not constitute any equity interest in any of these entities. The arrangement is not intended to be any form of joint venture or partnership.

• Unique Membership Rights: C98 token holders will enjoy tiered platform benefits based on the amount of C98 held. Users in higher tiers will gain exclusive access to premium events and privileges, such as priority for Coin98 launchpad participation and marketing events with strategic partners.

3. Project team

4. Roadmap, updates, and business development

4.1 Original roadmap and achievements

4.2 Updated roadmap

2021 Q3

• Support new chains for both mobile & extension wallet

  • Ethereum L2s: Arbitrum, Optimism, OMGX, xDAI

  • Other networks: Harmony, KardiaChain, Secret Network, DOGE, Elrond, Helium, Cardano, Dfinity

• Release Coin98 Exchange web app

• Implement multi-chain native swap on Coin98 extension wallet

• Release Coin98 staking on Ethereum and Binance Smart Chain

• Release Coin98 yield farming on Ethereum and Binance Smart Chain

• Apply Coin98 platform fees

• Implement buy back mechanism

• Launch C98 token

• Scale customer service team to support users in 12 languages

2021 Q4

• Support new AMMs

  • Binance Smart Chain: Ellipsis

  • Polygon: SushiSwap, Curve

  • Ethereum: Curve

  • Near: Ref Finance

  • Terra: TerraSwap

• Support new cross-chain bridges

  • Ethereum <-> Near

  • Ethereum <-> Terra

  • Ethereum <-> Polygon

  • Ethereum <-> xDAI

  • Ethereum <-> Optimism

  • Ethereum <-> OMGx

  • Ethereum <-> Arbitrum

  • Terra <-> Solana

  • Terra <-> Secret Network

• Support staking pools on new chains: Avalanche, Solana, Polygon, Terra

• Support yield farms on new chains: Avalanche, Solana, Polygon, Terra

• Launch Coin98 stablecoin

2022 Q1

• Implement Smart Routing mechanism for Coin98 Exchange

• Release New Feature: Coin98 Multi-Chain Lend & Borrow

• Release New Feature: Coin98 Multi-Chain Asset Management

2022 Q2

• Release New Feature: Coin98 Multi-Chain Index

• Release New Feature: Coin98 Multi-Chain Insurance

• Release New Feature: Coin98 Multi-Chain Perpetual Trading

4.3 Commercial partnerships and business development progress

• Polygon: Integration with Polygon and opening the door to new opportunities for Coin98 users and accelerating the growth of the DeFi ecosystem.

• Terra: Integration with Terra to create new opportunities to work with dApps on the Terra blockchain, such as Mirror Protocol and Anchor.

• PancakeSwap: Integration with PancakeSwap to enable trading on DEXs without leaving the Coin98 app.

• Avalanche: Coin98 Wallet adds Avalanche support and collaborates with Avalanche to drive adoption for DeFi.

• Elrond: Coin98 Wallet adds Elrond support and partners with Elrond for ecosystem growth.

• Fantom: Coin98 Wallet added Fantom support and partners with Fantom for ecosystem growth.

• Band Protocol: Coin98 Wallet added support for BandChain and integrates Band Protocol Oracle.

5. Coin98's activity and community overview

Current community growth strategies of C98 include:

• Building local communities by producing localized content to increase community engagement and user support.

• Leveraging Key Opinion Leaders (KOLs) and micro-influencers from the local communities to develop a vibrant and active ecosystem.

• Active community engagement via social channels, particularly through Telegram groups.

• Publishing regular updates on product development and partnerships to keep community members updated.

• Providing educational materials for the community by publishing guidelines and tutorials, and conducting AMA sessions.

Future community growth strategies of C98 include:

• Launch trading competitions to encourage active community participation and increase user engagement.

• Run social campaigns to raise awareness and reward active members.

• Launch referral programs to expand the user base and encourage organic growth.

• Create an ambassador program to invite passionate members to promote and develop the C98 ecosystem.

• Develop strategic partnerships with other projects to expand the user base and further integrate C98 across multiple networks and communities.

6. Community and social channels (data as of July 21st 2021)

Twitter (Global) | 89.5K Followers
Telegram(English) | 35.5K Followers
Telegram(Vietnamese) | 16.5K Followers
Telegram(Chinese) | 400 Followers
Telegram(Japanese) | 210 Followers
Facebook | 6.3K Members

7. Appendix

• Website

• Blog

• Whitepaper

• Documentation

• Telegram Annoucements

• Github

• Ethereum Block Explorer

• BSC Block Explorer

7.1 Advisors

• Bobby Ong

• Loi Luu

• Phillp Arthur Moore

• Or Perelman