Coin98 (C98)

Overview

Coin98 is a platform for using cryptocurrency across many blockchains. Its main product, Coin98 Super Wallet, brings asset storage, token swaps, decentralized apps, and cross-chain transfers into one interface. Coin98’s token is called C98. It supports parts of the platform’s rewards, staking, and governance system. (docs.coin98.com)

The project focuses on a common problem in decentralized finance, or DeFi: assets and apps often sit on separate networks. Someone who uses Ethereum, Solana, and BNB Chain may otherwise need several wallets and tools. Coin98 aims to make those activities easier to manage in one place. The team says its wallet supports access across more than 150 networks; that figure describes the wallet’s reach, rather than the number of networks on which C98 itself is issued. (coin98.com)

History & Team

From a wallet to a wider platform

Coin98 began building its wallet in 2019, and an early wallet release followed in 2020. The team later added a browser extension, exchange tools, and SpaceGate, its cross-chain bridge. C98 reached a broader audience through a Binance Launchpad token sale in July 2021, when 50 million tokens—5% of the planned supply—were allocated to the sale. (coin98.com)

Early project materials name Thanh Le as founder and Vinh The Nguyen as CEO and co-founder. They also name Khiem Dang as chief technology officer. The project grew from a wallet into a broader set of products under the Coin98 name. (binance.com)

Coin98 announced a $1.25 million seed round and an $11.25 million strategic round in 2021. Hashed and Spartan Group co-led the strategic round, which also included ParaFi Capital, IOSG Ventures, and GBV Capital. Separately, Coin98 Finance announced a $4 million investment from Alameda Research in April 2021. These announcements show how the team funded its early expansion into DeFi tools. (coin98.com)

Technology & How It Works

One interface, many networks

Coin98 Super Wallet is non-custodial: users control the credentials for their wallets rather than leaving custody of their assets with the wallet provider. It can display and manage assets from supported networks in one app. A built-in browser lets users connect those wallets to decentralized applications, or dApps, including exchanges and other on-chain services. (docs.coin98.com)

A swap exchanges one asset for another. Coin98 integrates liquidity sources and aggregators so users can make swaps through the wallet interface. The selected route and network determine how a swap takes place. Coin98 has also expanded its trading tools with SwapX and Coin98 Perps. These products add to the wallet’s functions, while using them remains separate from simply holding C98. (docs.coin98.com)

SpaceGate handles supported transfers between blockchains. For example, Coin98 documents routes for moving C98 among Ethereum, BNB Chain, Solana, Polygon, and Viction. Bridging differs from an ordinary transfer: the destination is on a different network. Network fees generally use that network’s native asset, such as ETH on Ethereum or SOL on Solana. (docs.coin98.com)

Tokenomics & Utility

Supply and original allocation

C98 has a maximum supply of 1 billion tokens. Coin98 documents versions of the token on five networks: Ethereum, BNB Chain, Solana, Polygon, and Viction. Each has its own token standard and contract or token address. That design lets C98 be used in different parts of a multichain ecosystem. (docs.coin98.com)

The original allocation divided the supply among ecosystem growth (21%), community development (20%), the team (20%), strategic-sale participants (15%), the treasury (12%), seed-sale participants (5%), the Binance Launchpad sale (5%), and advisers (2%). Coin98’s published release plan spread most of those allocations over several years, while the Launchpad allocation was released at the token-generation event. (binance.com)

What holders can do

Coin98’s token plan describes C98 as a way to support platform services, provide staking and liquidity incentives, and take part in governance. Under that plan, holders may propose or vote on decisions about Coin98 Exchange and related products. The plan also describes using collected platform fees for contributor incentives and future development. These are roles in the project’s economic design; a wallet user can still manage other supported assets without making every action a C98 transaction. (docs.coin98.com)

A more specific use is Coin98 PowerPool, a staking program introduced in late 2024. Coin98’s instructions describe staking the Viction version of C98 through the Super Wallet and collecting rewards through the program. This gives C98 a direct role in one of the ecosystem’s earning features. (coin98.com)

Ecosystem & Use Cases

Managing assets and exploring apps

The Super Wallet brings together cryptocurrency and NFT management, a dApp browser, swaps, and cross-chain tools. A person could view assets held on several networks, connect to an app, and move a supported token to another chain from the same interface. Coin98 also offers OneID-linked identity features, including easier-to-read usernames for on-chain use. (docs.coin98.com)

The ecosystem extends beyond swaps. Coin98 Vault supports token claims, while PowerPool serves C98 stakers. The Fusion Card, launched with a card-issuing partner in 2025, connects crypto deposits from the wallet with Visa payments. Card applicants go through identity verification. These services serve different purposes, so using the wallet does not require using every product. (docs.coin98.com)

Coin98 reported support for more than 150 blockchains and access to more than 15,000 dApps in its review of 2025. In a September 2026 update, it described a user base of more than 10 million across more than 170 countries. Those company-reported figures give a picture of the platform’s reach, while the core use case remains the same: helping people work across networks from one starting point. (coin98.com)

Advantages & Challenges

Coin98’s main strength is convenience across networks. Its wallet combines tasks that might otherwise call for separate apps: viewing holdings, connecting to dApps, swapping assets, and bridging supported tokens. Non-custodial control also lets users interact with those tools through wallets they manage. Features such as usernames and an in-app assistant aim to make unfamiliar steps easier to understand. (docs.coin98.com)

That breadth creates a learning challenge. A reader must still understand which blockchain holds an asset, which version of C98 a service accepts, and which native asset pays a network fee. A token held on Ethereum, for instance, is in a different network setting from one held on Viction. The wide range of wallet features can also take time to learn. Coin98 has continued refining the app, including adding a Wallet Health dashboard and improving wallet controls in 2026. (docs.coin98.com)

A further challenge for the token’s economic model is connecting C98’s uses to activity across the larger platform. The wallet can serve people who never stake C98 or join governance. PowerPool and other holder programs create clearer token-specific activities, while the wallet’s broad appeal rests on useful tools for many assets. (docs.coin98.com)

Where to Buy & Wallets

C98 is available on Coinbase and Binance. Coinbase describes purchases through its centralized exchange, while Binance offers a C98 trading pair. Exchange access and available purchase methods depend on a user’s location and the platform’s account rules. (coinbase.com)

C98 can be held in Coin98 Super Wallet on supported networks. Coin98’s token documentation lists Ethereum, BNB Chain, Solana, Polygon, and Viction versions. The receiving network must match the network selected for a withdrawal or transfer. For PowerPool, Coin98’s instructions specify C98 on Viction; its bridge documentation describes routes for moving supported C98 versions between networks. (docs.coin98.com)

Regulatory & Compliance

Rules for crypto assets and services vary by jurisdiction. In the European Union, the Markets in Crypto-Assets regulation, known as MiCA, sets requirements for covered crypto-asset activities and service providers. In the United States, the Securities and Exchange Commission has issued guidance on how federal securities laws apply to certain crypto assets and transactions. These frameworks address legal treatment and service-provider obligations; they do not by themselves assign C98 one universal status across countries. (esma.europa.eu)

Compliance also depends on the product being used. Buying C98 through a centralized exchange involves that exchange’s account process. Applying for the Coin98 Fusion Card involves identity verification through the card program. Holding assets in the non-custodial wallet is a different activity from applying for a payment card. (coinbase.com)

Shariah compliance is a separate question from government regulation. In its published screening, Sharlife classified C98 as non-Shariah-compliant. Its assessment points to the project’s links to lending and borrowing services and to its view of Coin98’s staking method. The classification reflects that screening body’s stated approach to the token and its ecosystem. (sharlife.my)

Future Outlook

Coin98’s development has moved from basic wallet access toward a broader on-chain experience. Its 2025 review highlighted SwapX, perpetual-trading tools, payment features, and multichain access. Updates in 2026 added Wallet Health improvements and a way to buy a custom OneID username with fiat. Together, those releases show a focus on making the wallet useful for more kinds of activity. (coin98.com)

For C98, the central question is how closely token activities grow alongside the platform. PowerPool gives holders a defined way to use the token, and Coin98 has said it intends to add further utility. The wallet’s continuing development offers more ways for people to enter the ecosystem; the role C98 plays in that experience will depend on the features the team builds and users choose to use. (coin98.com)

Summary

Coin98 is a multichain wallet and DeFi platform built to bring scattered blockchain activities into one interface. Its C98 token has a fixed maximum supply and roles in staking, incentives, and the project’s governance design. The wallet, SpaceGate bridge, trading tools, and payment features give the ecosystem a wider purpose than token holding alone. Coin98’s place in crypto is as a gateway for people who want to manage and use assets across several networks. (docs.coin98.com)