Current and planned use cases of C98 tokens include:
Ecosystem development: C98 revenue from transaction costs will be sent to the national treasury fund, and part of it will be reserved for future product development and ecosystem growth.
1. Mortgage: Another part of the national treasury fund will be allocated to C98 holders, who can mortgage their tokens with X98. The exact distribution depends on protocol management and may change.
Governance: Users can gain voting rights by promising C98 in exchange for X98, and participate in the governance process to change product parameters.
2. Unique membership benefits: users will get different levels of benefits on the platform, depending on the X98 they hold. Some benefits include participation in Coin98 Launchpad and retrospective incentives from strategic partners.
3.Coin98 platform consists of the following main components:
ERC-20SPL
ERC-20
ERC-20AVAX C chain avax chain
4.Coin98 wallet: Multi-chain wallet allows users to store, transfer and manage encrypted assets and connect to many dApp on multiple blockchains. It supports 22 blockchains, including Ethereum, Coin Security Smart Chain, Solana, Polygon, Avalanche and Terra on mobile (iOS and android) and Chrome extensions.
5.Coin98 Exchange: Multi-chain liquidity aggregator, which can help users exchange, mortgage, lend, borrow and earn cryptocurrency. It provides intelligent order routing to achieve the best price and low slip point.
Space Gate: Cross-chain bridge, which can exchange and transmit value across multiple networks. Support 66. Token exchange between the following networks:
The project raised12.5 million USD through two rounds of private placement, of which 20.00% of C98 tokens were sold at the prices of 0.025 USD /C98 and 0.075 USD /C98.
As of July 2002 1, 15, the total supply of C98 was1million, and the circulating supply was about 1.85% of the total supply of tokens.
7. Important indicators (202 1.7. 15)
Token Name C98 Token Type BEP-20, ERC-20, SPL Initial Token Circulation185,000,000 c98 (18.50%) Total Token100,000 c98 The selling price of the transmitting station is 0.075 USD /C98.
8. Token sales information
Token Name C98 Seed Round Quota 50,000,000 C98 Seed Round Quota 0.025 USD /C98 Seed Round Quota 65,438 USD+0,250,000 USD+050,000,000 USD C98 Strategic Round Quota 0.075 USD /C98 Strategic Round Quota 65,438 USD. 000 US Dollar Sales Quota of CN Launch Pad 50,000,000 C98 CN Launch Pad Sales Price 0.075 US Dollar /C98Binance Launch Pad raised 3,750,009 US Dollars and 0 US Dollars.
Token distribution
Token name C98 Coin 'an Launchpad 5.00% of total sales tokens 5.00% of total seed round tokens 65438+05.00% of total strategic round tokens 20.00% of total team tokens 2.00% of total consultant tokens 65438+02.00% of total ecosystem cooperation tokens 265438+0.00% of total community development tokens.
10, Coin98 is a cross-chain liquidity agreement with a complete set of products, including Coin98 wallet, Coin98 exchange and Coin98 bridge. Coin98 wallet is an unmanaged multi-chain encrypted wallet and gateway, which is built as the future multi-chain infrastructure.
The protocol provides a one-stop platform for users to access the DeFi ecosystem, such as decentralized exchanges, lending agreements, on-chain governance (through snapshots) and blockchain-based games. Users can also migrate across chains through the mobile APP, supporting 22 networks such as Ethereum, Coin Security Smart Chain, Solana and Avalanche.