What is Coin98? Binance Launchpad launches 20th IEO

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

What is Coin98?

Coin98 is a cross-chain liquidity protocol with the aim of becoming a gateway from Traditional Finance (TradFi) to Decentralized Finance (DeFi). The protocol accomplishes 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, 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 exchange, invest, lend, borrow, and earn crypto. It offers intelligent order routing for the best prices and low slippage.

SpaceGate: A cross-chain bridge that enables exchange and transmission 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

Main features and highlights

Experience “Always connected”: Coin98’s multi-chain wallet tool enables 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 has fully automated liquidity from a variety of sources including but not limited to Uniswap, SushiSwap, PancakeSwap, Quickswap, Pangolin and MDEX, and offers smart routes for instant swap powering and safe at the best price.

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

Ecosystem Experience: Offers 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.

Security at the highest level: Users have full control over all assets and information, protected with FaceID, Touch ID, a mobile PIN or a matrix password in the web version.

Details on the C98 token sale:

Token name: Coin98 (C98)
Hardcap: $ 3,750,000
Hard cap per user: USD 20,000 (266,666,667 tokens)
Total supply: 1,000,000,000 C98
Total number of tokens allocated to the Binance Launchpad: 50,000,000 C98 (5% of the total offer)
Public Sale Token Price: 1 C98 = $ 0.075 (price in BNB will be set prior to registration)
Token Sale Format: Sign In
Supported tokens: BNB

Lottery schedule:

The preparation time is from July 16, 2021, 7:00 a.m. to July 23, 2021, 7:00 a.m. During this period, the user’s BNB balance is calculated in hourly snapshots for each day over a period of 7 days. Your last daily average BNB balance for these 7 days determines the maximum amount of BNB you can buy later.

The registration time is from 07/23/2021, 1:00 p.m. to 07/23/2021, 5:00 p.m. At this point, the registration will be opened for all authorized users for a period of 4 hours. Users must also sign the token purchase contract at the same time before setting their BNB.

Last token distribution at 6 p.m. on July 23, 2021. Your final token allocation will be calculated and the corresponding NBB will be deducted from your blocked NBB amount. After the withdrawal, both your C98 and BNB tokens will be transferred to your spot wallet.

Thach Sanh

According to the AZCoin News

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