Binance Exchange Announces Coin98 Token Sale on Launchpad

The wallet becomes the 20th project ‘ready for lift off’ from Binance’s launchpad.

By
John Tunney
on
July 23, 2021
Category:
BSC News

Coin98 Hits Binance’s Launchpad 

Coin98 has announced their native token C98 is gearing up for a token sale via the Binance launchpad. Coin98 is a crypto wallet platform where users can store, receive and send digital assets. Recently Coin98 introduced a Decentralized Exchange (DEX) feature.

The token sale of C98 is has been completed and the token is available for trading. The token traded up to a dollar nearly, 100% from its Binance Launchpad listing price of .002 BNB. Currently the token is trading at .76 cents with a market cap of 144 million.

This is the 20th project to utilize the Binance launchpad. According to Binance, the launchpad will follow Binance’s Launchpad Subscription Format.


C98’s Launch Timeline 

Following in style with the Launchpad Subscription format, the recording of BNB balances will start at 07-16 0:00 AM (UTC). 

For 7 days, from 07-16 0:00 AM (UTC) to 07-23 0:00 AM (UTC), Binance will calculated the average BNB amount using their updated Binance BNB calculator mechanism. This means every hour Binance will take snapshots of one’s BNB holdings, and after 7 days, find the average. 

This average BNB amount will be the maximum BNB a user can use to participate in the Coin98 token sale. 

Following the 7 day snapshot period, interested investors are given a short window of only four hours to sign up. Enrollment in the C98 sale begins 07-23 6:00 AM (UTC) and ends 07-23 10:00 AM (UTC). 

To participate, users must subscribe and sign the Token Purchase Agreement. Following signing the agreement, the investors deposited BNB funds will be locked until C98’s token distribution ends. 

Token distribution has been completed. The token is now openly traded on the Binance Exchange.

For more information on the timeline and token information, visit the Binance guide to Coin98.

What is Coin98?

Coin98 is a powerful Decentralized Finance (DeFi) protocol run that looks to combine powerful DeFi features into one, highly efficient program. The protocol began as a wallet service, but soon graduated adding a DEX feature as well as a cross chain bridge. The platform's native token C98 is used to pay fees, participate in governance, stake, and gain access to membership perks. 

The wallet/DEX/cross chain platform supports 23 blockchain networks, including Bitcoin, Ethereum, Binance Smart Chain, Solana and many more. Their wallet app has seen  320,000+ downloads from the app store and has hosted over $215 million in trading volume. The platform is close to passing half a million transactions and offers a variety of use case services not traditionally seen in large DeFi protocols. 

Coin98 Project Links:

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John Tunney

John Tunney is an accomplished analyst and crypto enthusiast. The UCLA alum has been actively reporting and blogging for 3 years, and has a passion for all things finance.

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