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Binance

Coin98 is a cross-chain liquidity protocol with a full suite of products including Coin98 Wallet, Coin98 Exchange and Coin98 Bridge. The Coin98 wallet is a non-custodial, multi-chain crypto wallet and gateway, built as an infrastructure to the multi-chain future.The protocol provides a one-stop platform for users to access the Decentralized Finance (DeFi) ecosystem, such as decentralized exchanges, lending protocols, on-chain governance (via Snapshot), and blockchain based games. Users may also perform cross-chain migration via the mobile app, which supports over 20 networks such as Ethereum, Binance Smart Chain, Solana, Avalanche and more.The C98 token is the native utility token of the platform. The current and planned use cases of the C98 token includes:<ul><li>Ecosystem development: C98 revenue from transaction fees will be sent to a treasury fund and partially set aside for future product development and ecosystem growth.</li><li>Staking: The other fraction of the treasury fund will be allocated to C98 holders who stake their tokens. The exact distribution is subject to protocol governance and may be changed.</li><li>Governance: Users may stake C98 in exchange for X98 to gain voting power and participate in the governance process to change product parameters.</li><li>Unique membership rights: Users will gain tiered benefits on the platform, depending on their X98 holdings. Some benefits include access to participate in Coin98 launchpads and retroactive incentives from strategic partners.</li></ul>Coin98's platform consists of the following major components working in conjunction:<ul><li>Coin98 Wallet: A multi-chain wallet allows users to store, transfer and manage crypto assets and connect to numerous dApps on multiple blockchains. It supports over 20 networks including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, and Terra etc on both Mobile (iOS and android) and Chrome Extension versions.</li><li>Coin98 Exchange: A multichain liquidity aggregator that helps users to swap, stake, lend, borrow, and earn crypto. It offers smart order routing for the best rates and low slippage.</li><li>Space Gate: A cross-chain bridge that enables swapping and transfers across multiple networks.</li></ul>

Launchpad Subscription Format FAQ

Launchpad Subscription Format - Detailed Allocation Calculation and BNB Deduction Rules

Subscription Timeline

Coin98: Binance Research

Coin98 Finance Raises $4 Million From Alameda Research

Coin98 Labs Raises $1.25M In Seed Funding Round

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C98 Token Sale Details:<ul><li>Token Name: Coin98 (C98)</li><li>Launchpad Hard Cap: 3,750,000 USD</li><li>Hard Cap Per User: 20,000 USD (266,666.667 C98)</li><li>Total Token Supply: 1,000,000,000 C98</li><li>Total Tokens Allocated to Binance Launchpad: 50,000,000 C98 (5% of Total Token Supply)</li><li>Public Sale Token Price: 1 C98 = 0.075 USD (price in BNB will be determined prior to subscription)</li><li>Token Sale Format: Subscription</li><li>Supported Sessions: BNB only</li></ul>Subscription Timeline:<ul><li>Preparation Period&nbsp;2021-07-16 0:00 AM (UTC) to 2021-07-23 0:00 AM (UTC): During this period, user BNB balances will be calculated in&nbsp;<a href="https://www.binance.com/en/support/articles/360031505011" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">hourly snapshots</a>&nbsp;for each day over a 7-day period. Your final average daily BNB balance over these 7 days will determine the maximum amount of BNB that you can commit later on.</li><li>Subscription Period&nbsp;2021-07-23 6:00 AM (UTC) to 2021-07-23 10:00 AM (UTC): Subscription will open at this time for all eligible users for a 4 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. Please note that once committed, your BNB will be&nbsp;locked&nbsp;and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.</li><li>Calculation Period&nbsp;2021-07-23 10:00 AM (UTC) to 2021-07-23 11:00 AM (UTC): Subscription closes and token allocation calculation begins.</li><li>Final Token Distribution&nbsp;2021-07-23 11:00 AM (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Once deducted, your C98 and BNB tokens will both be transferred to your spot wallet.</li></ul>

Ninety Eight (Coin98)

Coin98 is a non-custodial crypto wallet service and suite of DeFi products.

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