Coin98
Crypto Overview
Overview
Coin98 (C98) is a multi-chain decentralized finance (DeFi) platform that aims to create an all-in-one DeFi ecosystem. The project was launched in 2021 and provides various services including a crypto wallet, decentralized exchange, cross-chain bridges, and DeFi tools.
Intended Utility
The C98 token serves multiple purposes within the Coin98 ecosystem: governance rights for protocol decisions, fee discounts on the platform's services, and staking rewards for network security. The token is actively used for its intended purposes, particularly in governance and platform fee reductions.
Actual Utility & Adoption
The platform shows significant real-world adoption with over 5 million reported users across its suite of products. The Coin98 wallet has demonstrated particular success in Southeast Asian markets. Development activity is consistent, with regular updates and new feature implementations verified through their public GitHub repository.
Token Distribution & Founder Analysis
The token distribution shows a relatively balanced allocation: 20% to the team and advisors with a 2-year vesting period, 15% for ecosystem development, 25% for community incentives, and 40% from public sales. The vesting schedule for team tokens indicates a long-term commitment to the project.
Revenue Model & Operations
The platform generates revenue through trading fees, cross-chain bridge fees, and other service charges. These fees are transparent and based on actual service provision rather than interest-based mechanisms. The platform does not facilitate gambling or other prohibited activities.
Crypto Impact
To assign a comfort level investing in Coin98 from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Coin98.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.