The rising interest in Defi globally is one that also requires more solutions to be introduced for the sake of convenience. This means these solutions need to be easily accessed if Defi is to gain mainstream traction. Coin98 (C98) aims at being a versatile Defi solution developed with many special features for crypto investors and traders. One of them is providing support for about 20 blockchains with their native tokens, which makes crypto easier to explore. Let’s learn more about Coin98, what is C98 coin used for and how to find the best rate to make your C98 exchange.
Coin98 is a versatile Defi solution supported by its native coin “C98”. The C98 token was launched using Binance Launchpad and the Coin98 exchange accumulates liquidity from several decentralized exchange protocols.
The basic aim of this feature is to provide everyone with access to lending, token swaps, yielding farming, and cross-chain borrowing. Some of the other features on the Coin98 network include the multi-chain C98 wallet and C98 exchange. In addition, the Coin98 platform accommodates features covering a wide array of services and tools. This provides users with access to various blockchains and Defi protocols conveniently.
As the recognition of decentralized finance reached a new peak regarding awareness and value, this prompted the necessity for a new project in 2020 in the form of C98. Besides, the world indeed needed an open financial infrastructure, which the Coin98 Dev team made its objective. The goal was to become an all-around multifaceted solution for decentralized finance, cross-chain swaps, yield farming, earning, and staking.
With its hand on different blockchains, each blockchain’s liquidity and Defi solution generate a deep liquidity pool for C98 whilst ensuring the best prize for users when swapping tokens. Moreover, the team can access and optimize gas fees by pursuing different paths for the finalization of transactions.
The C98 coin is a utility token with a circulating supply of 185,000,000 being also the total supply. Coin98 was launched with a maximum token supply of 1,000,000,000 C98. The token allocation at the moment has been used as follows: 86.60% is meant for the development, while 4.20% is reserved for the team, 3.73% for the partnerships, 2.86% goes to operation and 2.61% are allocated for marketing needs.
One of the important components of the Coin98 network is its exchange platform, which is the primary flagship element of the C98 ecosystem. For starters, the C98 exchange platform is a multi-chain all-in-one platform that supports various assets on different blockchains like ETH, BSC, SOL, TRX, and more. The primary aim of the exchange is to provide users with the smoothest, endless, and seamless experience when using the platform.
There’s also the C98 wallet. Apart from storing, transferring, and managing crypto assets across various blockchains, C98 wallet is also designed to support more than 20 cryptocurrency blockchain networks on both IOS and Android. With its Extension version, it’s an actual gateway to the DeFi space.
As seen from the name, this is a gateway to easy-way swaps and transfers across different networks. Just imagine its capabilities: available swaps are:
The project, however, is not planning to slow down: the roadmap is very ambitious. New AMMs, cross-chain bridges, staking pools, yield farms and even an own stablecoin are set for 2021. The community development won’t be left behind either: trading competitions, social media campaigns, referral and ambassador programs, partnerships are what we can expect from the growing C98 community in the nearest future.
The Key features C98 offers include:
The staking feature enables users to earn income simply by locking their assets in the wallet.
Users with C98 tokens are eligible for making desirable changes to the platform and products by voting on proposals for improvements concerning the platform.
Ecosystem development allows the allocation of fees spent on transactions to the platform fund as C98 revenue. This serves as savings towards future growth and development.
Users are eligible for incremental benefits in accordance with the amount of C98 tokens they possess.
Lastly, Wallet holders can transfer different assets by swapping between different crypto networks.
What are the benefits of C98 to users? As said earlier, Coin98 aims at being an ecosystem of Defi products that are easily accessible. Some of the developed projects on the C98 protocol that users can benefit from include decentralized exchanges, on-chain governance, wallet, and so much more. Most importantly, C98 allows multi-chain transactions with outstanding performance while also making it a convenient protocol to use for both beginners and experts.
Currently, Coin98 data shows high potential and a bullish cycle. With such a trend, the future of C98 is much more promising and it might make a good long-term investment. According to Walletinvestor, C98 is a great addition to your cryptocurrency portfolio. The C98 token’s future price is estimated to reach $190.757 by 2026. In just one year, the coin could reach as high as $ 42.065 to give users an earning potential of +845.07%.
Converting your asset to C98 can be done easily on Swapzone. You can perform C98 exchange on the Coin98 swap services that Swapzone will compile for you.
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.