Coin98 (C98)

Utility and Ecosystem

Coin98 is a cross-chain DeFi platform that acts as a gateway connecting traditional finance users to decentralized finance (DeFi) services across multiple blockchains. It bundles essential services like wallet management, token swapping, and cross-chain transfers into one ecosystem. The C98 token is the native utility token used to pay service fees, earn staking rewards, participate in governance, and access unique membership rights.

Wallet

The Coin98 Wallet is a non-custodial, multi-chain crypto wallet that allows users to store, send, receive, and manage crypto assets and NFTs across many blockchains. It supports easy asset transfers using usernames and connects with popular hardware wallets for enhanced security.

Exchange and Trading

Coin98 Exchange is a multichain liquidity aggregator that enables users to swap, stake, lend, borrow, and earn crypto assets with the best rates and low slippage. It uses smart order routing technology to find the best prices across multiple sources.

Cross-Chain Bridge

Coin98 includes a cross-chain bridge called Space Gate, which connects different blockchains and allows users to swap assets across more than 20 supported blockchains seamlessly.

Payment Integration

Coin98 offers a Visa-powered card that lets users spend digital assets directly from their Coin98 Wallet at millions of merchants worldwide, bridging crypto holdings with everyday commerce.

Portfolio Management

The platform provides portfolio tools that help users manage crypto assets across multiple blockchains without needing to import private keys, simplifying asset tracking and management.

Avantages

Coin98 est une plateforme simple et professionnelle pour gérer des actifs numériques, offrant une sécurité élevée. Elle permet de gérer plusieurs portefeuilles et blockchains en un seul endroit, avec des analyses complètes pour suivre ses investissements. La fonction de swap inter-chaînes intégrée facilite les échanges sans quitter l’application. Le portefeuille AI de Coin98 propose des alertes proactives et une protection avancée, idéale pour les débutants en Web3. De plus, Coin98 offre un écosystème complet avec un portefeuille multi-chaînes, un échange décentralisé intégré, un pont cross-chain, et des fonctionnalités uniques comme la gouvernance et le staking pour gagner des récompenses. L’interface utilisateur est conviviale, avec des options comme l’envoi de crypto via un simple nom Web3 et la synchronisation cloud.

Inconvénients

Le token Coin98 (C98) a connu une baisse de prix récente et certains utilisateurs s’interrogent sur son utilité et sa monétisation. La communauté autour du token reste parfois plus conceptuelle que concrète. Malgré la qualité du portefeuille, la valeur du token peut être perçue comme incertaine par certains membres de la communauté.

Founders

Coin98 was co-founded by Thanh Le and Nguyen The Vinh in 2017. Thanh Le is a seasoned entrepreneur and early investor in several crypto projects, while Nguyen The Vinh is the CEO and co-founder of Kytek Software, a company specializing in software development.

Roles

Thanh Le is recognized as the founder and has been deeply involved in the early research and development of Coin98. Nguyen The Vinh serves as the CEO of Coin98 Finance and plays a key role in leading the company.

Background

Thanh Le started Coin98 as a small research team focused on blockchain technology and smart investing. Nguyen The Vinh has experience in software engineering and blockchain startups, contributing to Coin98’s growth and product development.

Top Investors

Coin98 has attracted investments from several notable investors including Makers Fund, 6MV, AZ Digital Asset Group, Big Deal Ventures, MCE Group, TK Ventures, CGV FoF, Binance Labs, and Genesis Block Ventures (GBV). Alameda Research also invested $4 million in Coin98 Finance.

Number of Investors and Funding

Coin98 has raised around $15.2M to $16.5M in total funding over multiple rounds, with about 13 to 47 investors involved across these rounds.

Venture Capital Arm

Coin98 Ventures is the venture capital arm of Coin98, supporting Web3 companies and protocols, and works mainly with accredited and institutional investors.

Halal Status of Coin98

• Shariah Compliance: Coin98 is a DeFi platform with a native utility and governance token (C98). It operates multi-chain wallets, decentralized exchange aggregators, and cross-chain bridge services.
• Halal Screening: According to sources like Crypto Ummah and Practical Islamic Finance, Coin98 is generally considered not halal. It appears on some halal/haram screening lists marked as "No" for halal status.
• Reason: The platform involves DeFi services that may include liquidity provision but not interest-based lending. However, the overall assessment leans towards non-compliance with strict Shariah principles, possibly due to the nature of DeFi activities and lack of formal Shariah certification.
• No Formal Fatwa: Unlike some cryptocurrencies (e.g., Islamic Coin ISLM), Coin98 does not have a known formal Shariah certification or fatwa confirming its halal status.

Summary:
No, Coin98 is generally considered not halal because it lacks formal Shariah certification and involves DeFi activities that may not fully comply with Islamic finance principles.