What is Coin98? Coin98 (C98) is a blockchain project that provides decentralized finance (DeFi), exchange across blockchains, betting and yield farming services. In this article, you can find answers to questions such as what is Coin98, what it offers, what is C98 coin, what is it used for, how to get it. As Kriptokoin.com, we have prepared it for our curious readers.
What is Coin98?
Coin98 is a decentralized finance (DeFi) protocol running on Binance Launchpad. The native cryptocurrency of the protocol is C98 coin. The project aims to gather all services in the field of DeFi within itself. Among the services offered in the protocol; lending and receiving, yield farming, betting and asset swapping. In addition to offering all DeFi services to its users, the platform can also be connected to other blockchains. The protocol uses Coin98 Bridge for cross-chain switching. This is a bridge that makes it possible to connect to more than 20 blockchains. All blockchain migrations can also be performed with smartphones. Users can enjoy DeFi benefits on different blockchains as well.
The protocol, which was released at the beginning of 2020, includes staking as well as DeFi services. Users can host and stake various cryptocurrencies in the protocol’s wallet. The protocol makes agreements with other blockchain networks to enable cross-chain integration. The project currently supports Polygon, PancakeSwap, Avalanche, etc. It works with blockchains. Such agreements allow users to perform secure and fast transactions.
What is C98 coin? What is it used for?
C98 coin is a token that works as the native cryptocurrency of the Coin98 project. The token resides on the Binance Smart Chain, Ethereum, and Solana blockchains. Cryptocurrency has various use cases within the protocol. C98 holders can earn income from the transaction fees received from the transactions carried out within the protocol. Besides, token holders can stake their assets. This means that C98 tokens are locked with a certain expiration date, earning the user additional token rewards upon expiry. Users holding the C98 can submit proposals to the platform and vote in polls that determine the future of the protocol.
Users who hold large amounts of C98 in their wallet also get benefits such as participation in airdrops, early access to new projects. At the time of writing, C98 coin was the 176th largest cryptocurrency with a market cap of $326 million. Of the token, whose maximum supply was limited to 1 billion, 185 million were in circulation. This number corresponds to 19% of the maximum supply.
How to get C98 coin?
Investors interested in the Coin98 project are looking for ways to purchase C98. The C98 coin is currently listed by the world’s largest crypto exchange Binance. Interested investors can purchase C98 by signing up with Binance and depositing fiat currencies such as lira and dollars in their wallets.
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