The C98 token is the native utility token of the Coin98 Defi platform, powering the entire ecosystem.
The native utility token of Coin98 is C98 and has the following functions:
Platform Service Fees: Coin98 Exchange will charge users a small fee payable in C98 for each transaction.
Product Development and Growth: To develop a self-sustainable, closed-loop economy, all platform transaction fees collected by the network, whether in C98 or otherwise, would be re-distributed as incentives for active contributors within the ecosystem, or set aside for future product development and ecosystem growth.
Staking incentives: For the Coin98 Exchange to function well, it is critical to incentivizing users to play the role of liquidity providers and stake their digital assets into the decentralized market-making pools. As compensation for opportunity costs, these liquidity providers which help to provide liquidity for the operations of the Coin98 Exchange by staking or including assets to liquidity pools in exchange for liquidity provider tokens would be rewarded with C98 tokens (i.e. “liquidity mining" on the Coin98 Exchange), according to each user's relative contribution after various adjustment and correction parameters.
Governance: To promote decentralized community governance for the network, C98 token holders may propose and vote on governance proposals to determine features and/or parameters of the Coin98 Exchange and its products. For the avoidance of doubt, the right to vote is restricted solely to voting on features of the Coin98 Exchange; the right to vote does not entitle C98 token holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, and does not constitute any equity interest in any of these entities. The arrangement is not intended to be any form of joint venture or partnership.
Unique Membership Rights: C98 token holders will enjoy tiered platform benefits based on the amount of C98 held. Users in higher tiers will gain exclusive access to premium events and privileges, such as priority for Coin98 launchpad participation and marketing events with strategic partners.
Token Name: Coin98 Ticker: C98 Blockchain: Ethereum, Binance Smart Chain, Solana Standard: ERC20, BEP20, SPL Contract:
Circulating Supply: 185,000,000 C98 Allocation on chains
ETH: 50,000,000 C98
BSC: 100,000,000 C98
Solana: 35,000,000 C98
Max Supply: 1,000,000,000 C98
C98 Token is audited thoroughly, along with due diligence by Binance before the IEO. C98 Audit Report on Github: https://github.com/coin98/coin98-docs