Coin98 Vault

What is Coin98 Vault?

Coin98 Vault is a crypto asset vault, designed to be a safe way for storing tokens and coins, automating token distribution, and letting recipients claim rewards or periodic payments when a schedule becomes available.

Coin98 Vault is useful for airdrops, team payouts, investor distributions, and other planned token releases.

How does Coin98 Vault work?

Coin98 Vault works by letting a project owner create a distribution schedule, assign recipient wallet addresses, set token amounts, and execute the schedule on-chain. Recipients then receive a notification in Coin98 Super Wallet and can claim tokens when the claim window opens.

How does a scheduled token distribution work in Coin98 Vault?

1. A project owner creates a schedule to distribute tokens to a list of wallet addresses.

2. The project owner sets the token amount for each recipient.

3. The project owner executes the schedule in Coin98 Vault.

4. Recipients receive a notification in Coin98 Super Wallet.

5. When the claim date arrives, recipients can claim their tokens.

Example: Coin98 Vault token distribution

Mr. X wants to distribute 1,000 C98 to 50 wallet addresses on December 12, 2021:

• Create: Mr. X creates a scheduled distribution with 50 wallet addresses and a specific token amount in Coin98 Vault.

• Execute: Mr. X executes the schedule in Coin98 Vault.

• Notify: The recipient wallets receive a notification in Coin98 Super Wallet.

Claim: On December 12, 2021, the 50 recipients can claim their token distribution.

What are the benefits of Coin98 Vault?

Multi-chain support

How many blockchains Coin98 Vault support for distributions?

Currently, Coin98 Vault is supporting multiple blockchains: Viction, Ethereum, BNB Smart Chain, HECO Chain, Avalanche C-Chain, Fantom, Polygon, Celo, Ancient8, Arbitrum, etc. Coin98 Vault also enhances the experience by not limiting the receiving address in a single event.

How does Coin98 Vault improve asset management?

Coin98 Vault helps project teams control when and how assets are distributed by assigning permissions to specific addresses on a defined schedule. Token releases become more transparent and easier to manage than manual transfers.

Coin98 Vault also helps protocol teams store assets, grant access to one or more contracts, and adjust the distribution flow without relying on a fixed contract path - making the system more flexible for planned token operations.

What is the token claim experience in Coin98 Vault?

Coin98 Vault gives recipients a simple way to track claim or payment schedules and claim tokens with one click when the countdown ends. Scheduled payouts are easier to follow and reduce uncertainty about when tokens will arrive.

How secure is Coin98 Vault?

Coin98 Vault stores cryptocurrency in a vault structure similar to a regular wallet, and its contract is independent from the protocol contract. The Coin98 Vault contract was audited by SlowMist - a popular Blockchain and smart contract audit company, adding an extra security review layer.

Coin98 Vault also supports shared ownership use cases. Multi-sig support is planned for a future update, which would require authorization from all owners before tokens can be withdrawn from the vault.

Who is Coin98 Vault for?

Coin98 Vault is designed for:

• Project/Campaign owners or team leaders - anyone who needs to distribute tokens to multiple recipients on a schedule.

• Token recipients - users who want to track and claim scheduled token payments directly in Coin98 Super Wallet.

How can project owners use Coin98 Vault?

Project owners can use Coin98 Vault to automate airdrops, investor distributions, team payments, or other planned token releases. A project owner defines the recipient list, the token amount for each address, and the distribution date, then executes the schedule in Coin98 Vault.

Risks and Considerations

Coin98 Vault helps automate token storage and distribution, but you should review recipient addresses, schedule details, and network conditions before executing a distribution. On-chain transactions can be difficult to reverse - an incorrect address or scheduled entry may cause tokens to be sent or released incorrectly.

Frequently Asked Questions

What is Coin98 Vault used for?

Coin98 Vault is used to store tokens and automate scheduled token distributions, including airdrops, rewards, and periodic payouts.

Does Coin98 Vault support multiple blockchains?

Yes. Coin98 Vault supports multiple blockchains: Viction, Ethereum, BNB Smart Chain, HECO Chain, Avalanche C-Chain, Fantom, Polygon, Celo, Ancient8, and Arbitrum.

Can recipients claim tokens themselves?

Yes. Recipients receive a notification in Coin98 Super Wallet and can claim tokens when the distribution schedule becomes available.

Is Coin98 Vault audited?

Yes. The Coin98 Vault contract was audited by SlowMist - a popular Blockchain and smart contract audit company

Can multiple people manage one vault?

Coin98 Vault supports shared ownership use cases and multi-sig support is planned for the future)

Is Coin98 Vault only for project owners?

No. Coin98 Vault is useful for project owners, team leaders, and recipients who need to track and claim scheduled token payments.