Coin98 (C98)

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Wallet and Asset Management

Coin98 offers a multi-chain crypto wallet called Coin98 Super Wallet that allows users to store, send, receive, and manage crypto assets across 100+ blockchains with one passphrase. It supports connection to many decentralized apps (dApps) and provides features like cloud backup, multi-sender, vault, and staking.

Decentralized Finance (DeFi) Services

Coin98 acts as a gateway to DeFi by enabling cross-chain swaps, staking, lending, borrowing, and yield farming. It aggregates liquidity from various decentralized exchanges to offer users the best rates and low slippage.

Native Token (C98) Utility

The C98 token is used for paying service fees, staking incentives, governance (voting on platform decisions), and accessing special membership rights within the Coin98 ecosystem.

Cross-Chain Interoperability

Coin98 supports interoperability across 20+ blockchains through its SpaceGate cross-chain bridge, allowing users to move assets seamlessly between different blockchain networks.

Ecosystem and Community Engagement

Coin98 provides tools like Coin98 Vault for transparent fund distribution and rewards users with points (X-Points) for participation in events and activities. The platform also includes a crypto messenger and plans to integrate more DeFi products into a unified Super App.

In short, Coin98 is designed to simplify and unify access to DeFi services, making it easier for users to manage assets, trade, stake, and participate in governance across multiple blockchains.

Pros

• Multi-chain support: Coin98 supports over 120 blockchains, allowing users to manage many crypto assets in one place.
• All-in-one platform: Combines wallet, exchange, cross-chain bridge, staking, yield farming, and DeFi access.
• User-friendly interface: Redesigned for easier navigation and use by beginners and experienced users.
• AI-powered assistant: The Cypheus AI helps with financial queries and improves user experience.
• Cross-chain swaps: Enables swapping tokens across different blockchains without leaving the app.
• Integrated NFT features: Supports NFT management and marketplace access.
• Security: Non-custodial wallet giving users control over private keys and passphrases.
• Cloud Sync: Option to back up wallet data securely.
• Community and support: Includes chat features and messenger for connecting with other users.

Cons

• Interface complexity: Some users may find the wallet interface challenging initially despite improvements.
• Early AI stage: The AI assistant is still developing and may not match more advanced AI tools yet.
• Limited long-term data: As a relatively new platform, long-term performance and token behavior are less predictable.
• Feature gaps: Some planned features like launchpad, lending platform, and full NFT marketplace are still in development.
• Market volatility: The C98 token price can be volatile, reflecting general crypto market trends.

For more details, visit the official Coin98 website.

Founders of Coin98

• Thanh Le: A serial entrepreneur and early investor in several blockchain projects. He is one of the co-founders who helped start Coin98.
• Vinh The Nguyen: Co-founder of Kytek Software and the CEO of Coin98 Finance. He is the other co-founder of Coin98.

These two started Coin98 in 2017, with the platform officially launching in 2020.

Key Investors in Coin98

• Alameda Research: A leading quantitative crypto trading firm that invested $4 million in Coin98 Finance, supporting its growth in the DeFi space in Southeast Asia.
• AZ Digital Asset Group, Big Deal Ventures, TK Ventures, CGV FoF, CRVN Capital: These are among the notable venture capital investors who have contributed to Coin98 Wallet's funding rounds.
• Arche Fund: The corporate venture capital arm of Coin98 Finance based in Ho Chi Minh City, Vietnam, focusing on early-stage web3 investments.
• Coin98 Ventures: The venture capital arm of Coin98 Finance itself, which invests in Web3 founders and projects from seed to scale.

These investors help Coin98 expand its products and ecosystem in the blockchain and crypto space.

Halal Status of Coin98

• Yes, Coin98 is generally considered halal by some Islamic finance researchers and community discussions because it operates as a decentralized DeFi platform without direct involvement in interest (riba) or prohibited activities.
• The token serves as a utility and governance token within its ecosystem, which focuses on decentralized finance tools and services.
• However, as with many cryptocurrencies, the final ruling can vary depending on individual interpretation and the specific use of the token.

For a clear personal ruling, consulting a qualified Islamic scholar is recommended.