Binance Launchpad has just announced the 20th IEO for the Coin98 (C98) protocol, a project developed by the Vietnamese team. Binance will use a lottery to issue C98 tokens, the time to record users’ BNB balances in 7 days from 7:00 a.m. on July 16, 2021 to 7:00 a.m. on July 23, 2021, Vietnam time.

What is Coin98?

Coin98 is a cross-chain liquidity protocol with the aim of becoming the gateway for the transition from Traditional Finance (TradFi) to Decentralized Finance (DeFi). The protocol achieves this by building a full suite of products including Coin98 Wallet, Coin98 Exchange, and a cross-chain bridge (Space Gate) to move tokens across different networks.

Coin98 Wallet: A multi-chain wallet allows users to store, move, manage cryptocurrencies and connect to multiple dApps on multiple blockchains. It supports more than 20 networks including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche and Terra etc on both Mobile (iOS, Android) and Chrome Extension versions.

Coin98 Exchange: An omnidirectional liquidity aggregator that helps users swap, stake, lend, borrow and earn crypto. It offers smart order routing for the best rates and low slippage.

Space Gate: A cross-chain bridge that allows swapping and transferring across multiple networks. It supports token exchange between:

ERC-20 <-> SPL
ERC-20 <-> TRC-20 <-> BEP-20
ERC-20 <-> AVAX C-Chain <-> AVAX X-Chain

Key Features and Highlights

Experience “Always Connected”: The Coin98 multi-chain wallet tool allows users to manage assets on multiple blockchains simultaneously with a single passphrase, creating a seamless experience when connecting to DEXs and multiple dApps.

Best trading rate: Coin98 features fully automated liquidity from a variety of sources including but not limited to Uniswap, SushiSwap, PancakeSwap, Quickswap, Pangolin and MDEX, providing smart routes for instant swap powering and Safe with the best price.

Optimized transaction fees: Coin98 implements an optimization mechanism that allows users to save time and money when trading.

Ecosystem experience: Provides a single interface to the DeFi world – Wallet, Exchange, Market, Portfolio Tracking, Token Issuer, Multi-sig, Multi-send and more.

User-friendly: Make DeFi services accessible to everyone with an intuitive and easy-to-use interface.

Top level security: Users have full control over all assets and information, protected with FaceID, Touch ID, a mobile PIN or a matrix password on the web version.

Details of C98 token sale:

Token Name: Coin98 (C98)
Hardcap: 3,750,000 USD
Hard Cap per User: $20,000 (266.666,667 tokens)
Total supply: 1,000,000,000 C98
Total tokens allocated to Binance Launchpad: 50,000,000 C98 (5% of total supply)
Public Sale Token Price: 1 C98 = 0.075 USD (price in BNB will be determined before registration)
Token Sale Format: Sign Up
Supported Tokens: BNB

Lottery schedule:

The preparation period is from 7:00 a.m. on July 16, 2021 to 7:00 a.m. on July 23, 2021. During this period, the user’s BNB balance will be calculated using hourly snapshots for each day over a 7-day period. Your last daily average BNB balance for these 7 days will determine the maximum amount of BNB you can commit to buying later.

Registration time is from 13h00 on 23/7/2021 to 17h00 on 23/7/2021. Registration will open at this time to all eligible users for a period of 4 hours. Users must also sign the Token Purchase Agreement at the same time, before committing their BNB.

Last token distribution at 6pm on 23/7/2021. Your final token allocation will be calculated and the corresponding BNB will be deducted from your locked BNB amount. Once deducted, both your C98 and BNB tokens will be transferred to your spot wallet.

Thach Sanh

According to AZCoin News

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