What is C98 coin? C98 coin issuance price, total amount and white paper introduction

C98 coin, the native token of the Coin98 ecosystem, plays a crucial role in powering various applications such as the Coin98 Wallet, Exchange, and SpaceGate.

Nov 03, 2024 at 02:49 am

What is C98 Coin?

C98 coin is a cryptocurrency that serves as the native token of the Coin98 ecosystem. It is designed to incentivize users and power various applications within the ecosystem, including the Coin98 Wallet, Coin98 Exchange, and SpaceGate.

C98 Coin Issuance Price and Total Amount

Issuance price: $0.15
Total supply: 1 billion C98

C98 White Paper Introduction

The C98 white paper, released in December 2021, outlines the project's vision, technical architecture, and tokenomics. Here are key highlights:

1. Vision:

To create a decentralized financial ecosystem that empowers users with full control over their assets.

2. Key Features:

Coin98 Wallet: A multi-chain wallet supporting over 1,800 coins and 50 chains.
Coin98 Exchange: A decentralized exchange offering spot, margin, and NFT trading.
SpaceGate: A cross-chain bridge connecting different blockchains.

3. Tokenomics:

Symbol: C98
Type: Utility token
Applications:
- Staking rewards for node operators and liquidity providers
- Governance participation
- Fees for services within the ecosystem
- Access to exclusive features

4. Token Distribution:

Seed: 5% (50 million C98)
Private: 15% (150 million C98)
Public sale: 20% (200 million C98)
Ecosystem: 35% (350 million C98)
Team and advisors: 15% (150 million C98)
Marketing and development: 10% (100 million C98)

5. Use Cases:

Transaction fees
Staking rewards
Governance voting
Access to premium features
Referral bonuses

6. Potential Benefits:

User empowerment: Enables users to manage their assets securely and efficiently.
Ecosystem growth: Incentivizes participation and contributes to the development of the Coin98 ecosystem.
Investment opportunities: Potential for appreciation in value as the ecosystem expands.

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