Coin98
Crypto Overview
Project Overview
Coin98 is a DeFi platform launched in 2020 that aims to create an all-in-one DeFi ecosystem. The C98 token serves as the native utility and governance token for the Coin98 ecosystem, which includes a multi-chain wallet, decentralized exchange aggregator, and cross-chain bridge services.
Intended Utility
The C98 token is designed to serve multiple purposes within the ecosystem: governance rights for protocol decisions, staking rewards for liquidity providers, fee discounts on the platform's services, and access to premium features. The token has clear utility beyond pure speculation.
Actual Usage Analysis
On-chain data shows active usage of Coin98's DeFi services, particularly their wallet and exchange aggregator. The platform reports over 5 million users across their ecosystem products. Developer activity remains consistent based on GitHub repositories, indicating ongoing technical development.
Token Distribution
Initial token distribution allocated 20% to the team and advisors with a 2-year vesting period, 15% for ecosystem development, 5% for liquidity mining, and 60% for public sale and community initiatives. The vesting schedule appears reasonable and designed to prevent immediate dumps.
Revenue Model
The platform generates revenue through trading fees, cross-chain bridge fees, and premium service subscriptions. While some services involve liquidity provision, they operate on automated market maker (AMM) principles rather than interest-based lending.
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.