Coin98 (C98)

Wallet and Asset Management

Coin98 provides the Coin98 Super Wallet, a multi-chain crypto wallet that supports over 100 blockchains. It allows users to store, send, receive, and manage digital assets easily in one place. The wallet also connects users to decentralized applications (dApps) and supports cross-chain swaps, making it simple to interact with different blockchains using one passphrase.

DeFi Services

Coin98 offers a range of decentralized finance (DeFi) products including swapping, staking, lending, and borrowing. Users can swap tokens with low fees and slippage, stake C98 tokens to earn rewards, and participate in yield farming. The platform also includes Coin98 Exchange, a multichain liquidity aggregator for trading crypto assets efficiently.

Governance and Rewards

The C98 token is used for network governance, allowing holders to vote on decisions that shape the future of the Coin98 ecosystem. Token holders can also earn transaction fees and staking rewards, encouraging active participation in the platform.

Cross-Chain and Ecosystem Tools

Coin98 includes SpaceGate, a cross-chain bridge that enables users to transfer and swap tokens across multiple blockchains like Ethereum, BNB Chain, Solana, and Polygon. The ecosystem also features tools like Coin98 Vault for managing rewards and token distribution, and Super Link protocol for easy interaction with DeFi apps without worrying about chains or gas fees.

Additional Features

Coin98 integrates AI-powered assistance and in-app chat for user support and communication. It also plans to expand with new products like Starship (a launchpad for new projects) and the Coin98 Fusion Card for seamless crypto payments in daily life.

In summary, Coin98 is a comprehensive DeFi platform that simplifies managing crypto assets, accessing multi-chain DeFi services, participating in governance, and using cross-chain tools—all designed to make Web3 easy and accessible.

Advantages

• Coin98 is a multi-chain wallet that supports over 25 blockchains, allowing users to store, send, receive, and manage a wide variety of cryptocurrencies in one place.
• It offers cross-chain swaps without leaving the app, making it easy to trade tokens across different blockchains.
• The wallet includes features like portfolio tracking, market insights, and analytics to help users monitor their investments.
• Coin98 Super Wallet V15 integrates AI-powered assistance (Cypheus Assistant) and on-chain chat, enhancing user interaction and support.
• Users can send crypto and NFTs using simple Web3 usernames instead of complicated wallet addresses.
• The platform includes Coin98 Exchange (a multichain liquidity aggregator) and Space Gate (a cross-chain bridge), expanding DeFi access.
• Coin98 Fusion Card allows spending digital assets worldwide with fast, transparent fees.
• The wallet is non-custodial, giving users full control over their private keys and assets.
• It has a user-friendly interface and supports cloud sync for added convenience.
• The native token C98 can be used for transaction fees, staking rewards, governance, and membership rights.

Disadvantages

• The price of the C98 token is volatile and has underperformed compared to some other cryptocurrencies recently.
• Some users find the token's utility unclear or question how it will be monetized.
• The wallet interface had some usability challenges before the V15 update.
• The crypto market and token price can be influenced heavily by large holders ("whales"), which may affect stability.
• Coin98 is relatively less known compared to some competitors, which might affect adoption.

Overall, Coin98 offers a versatile and innovative crypto wallet and DeFi platform with many useful features, but the token's market performance and long-term value remain uncertain.

Founders of Coin98

The founders of Coin98 are Thanh Le and Vinh The Nguyen. Thanh Le is a serial entrepreneur and early investor in projects like THORChain, Band Protocol, and Alpha Finance. Vinh The Nguyen is the co-founder of Kytek Software and currently serves as the CEO of Coin98 Finance. They started Coin98 in 2017, with the platform officially launching operations in January 2020. Additionally, Khiem Dang, the CTO and co-founder of Kytek Software, is also part of the core team.

Major Investors

Coin98 has raised about $16.5 million in funding from 13 investors. Some notable investors include Binance Labs, Genesis Block Ventures (GBV), Alameda Research (which invested $4 million), AZ Digital Asset Group, Big Deal Ventures, MCE Group, TK Ventures, and CGV FoF.

Venture Capital Arms

Coin98 Ventures is the venture capital arm of Coin98, based in Vietnam, focusing on blockchain and crypto infrastructure investments in Southeast Asia. Arche Fund is another corporate venture capital arm of Coin98 Finance, also based in Vietnam, making early-stage web3 investments.

Investment Highlights

• Alameda Research, a leading crypto trading firm, invested $4 million in Coin98 Finance.
• Coin98 Ventures supports Web3 companies and protocols, investing alongside other top venture capital firms.
• Coin98 has a broad network of co-investors, with over 180 investors participating in its portfolio companies.

Summary

Key investors in Coin98 include Binance Labs, Genesis Block Ventures, Alameda Research, AZ Digital Asset Group, Big Deal Ventures, MCE Group, TK Ventures, and CGV FoF, supported by venture arms like Coin98 Ventures and Arche Fund.

Halal Status of Coin98

Coin98 is considered halal by some Islamic finance analyses because it operates as a DeFi platform with a clear utility and governance token (C98) that supports a multi-chain wallet, decentralized exchange aggregator, and cross-chain bridge services. It does not involve interest (riba), gambling (maysir), or other haram activities, and its business model aligns with Shariah principles.

Reasoning

The platform has active usage and transparency, with over 5 million users, and its token is used within a halal-compliant ecosystem. Islamic finance experts have reviewed Coin98’s structure and found it compliant with Shariah guidelines, making it permissible for Muslim investors.