Question 1

What is C98?

Accepted Answer

C98 is the native utility token of the Coin98 DeFi platform, used for incentives, product functions, and specific governance scenarios in its ecosystem. It is not equity in Coin98 or its affiliated entities: holding C98 does not grant ownership of the company's operations, assets, or earnings distributions. Accordingly, the rights available to token holders should be understood under the rules of the specific product. For example, the governance rights described officially are limited to proposals concerning Coin98 Exchange functions or parameters and cannot be extended to mean voting rights over company matters.

Question 2

What are the main uses of C98?

Accepted Answer

Uses of C98 include ecosystem incentives, tiered membership benefits, and, where rules permit, participation in governance over Coin98 Exchange functions or parameters. Liquidity providers or users participating in designated staking or liquidity-mining arrangements may receive C98 under the applicable program; the amount of C98 held may also be a condition for membership tiers. These uses do not automatically apply to every holder at the same time. Receiving incentives depends on completing designated liquidity-provision or staking activities; governance voting concerns Exchange functions and parameters. Official materials have also described using network fees for active-contributor incentives or ecosystem development, but this is not a guaranteed distribution of proceeds to all C98 holders.

Question 3

How should C98's supply and release arrangements be understood?

Accepted Answer

C98 has a maximum supply of 1 billion tokens, but maximum supply is not the same as the amount freely tradable at a given time. Tradable supply is also affected by initial allocations, vesting periods, and unlock schedules. The historical release arrangements listed officially differ: the Binance Launchpad allocation was fully released at the token generation event (TGE); team, strategic-sale, seed-sale, and advisor allocations each had a one-year cliff, followed by linear unlocking from the second year; ecosystem-growth and community-development allocations had 30% released at TGE, with the remainder unlocking according to schedule. A cliff means no release during that period, while linear unlocking releases the remaining allocation gradually over time, so they affect the amount circulating at a given time in different ways.

Question 4

Why does C98 appear on multiple blockchains?

Accepted Answer

C98 is deployed on Ethereum, BNB Chain, Solana, Polygon, and Viction so that it can be used in wallets, applications, and transaction flows on those respective networks. It uses different token standards on these networks, including ERC-20, BEP-20, SPL, PRC-20, and VRC-25. Multichain deployment does not make token address formats across different networks automatically compatible. When making a deposit or withdrawal, the network selected by the sender must match the network supported by the receiving wallet or platform; even if the asset ticker is C98 in both cases, selecting the wrong network may cause assets not to arrive as expected or require additional handling.

Question 5

What should users note about C98 staking?

Accepted Answer

Coin98's fixed-rate Staking V1 stopped being supported in January 2025, so the fixed rates or rules of the old V1 should not be treated as a program that remains available. Official documentation describes PowerPool as a staking mode that allows flexible exit. Whether users can join, when an exit takes effect, and whether rewards are available depend on the actual product page used and the current rules. Before participating, users need to confirm the network used, staking asset, exit conditions, and reward-calculation basis; “flexible exit” describes only the exit mode and cannot by itself imply a fixed or guaranteed return.

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What is C98?

What are the main uses of C98?

How should C98's supply and release arrangements be understood?

Why does C98 appear on multiple blockchains?

What should users note about C98 staking?