What is C98: An In-depth Guide to the Cryptocurrency Token and Its Ecosystem

Coin98's Positioning and Significance

In 2021, the Coin98 team launched Coin98 (C98), aiming to address the challenges of cross-chain liquidity and fragmented DeFi ecosystems.

As a cross-chain liquidity protocol with a comprehensive product suite, Coin98 plays a crucial role in the DeFi and multi-chain interoperability space.

As of 2025, Coin98 has become a significant player in the multi-chain DeFi ecosystem, boasting support for 22 blockchain networks and an active developer community. This article will delve into its technical architecture, market performance, and future potential.

Origin and Development History

Birth Background

Coin98 was created by the Coin98 team in 2021 to solve the challenges of navigating multiple blockchain networks and accessing various DeFi protocols.

It emerged during the DeFi boom and increasing demand for cross-chain solutions, aiming to provide a unified platform for users to interact with multiple blockchains and DeFi protocols.

Coin98's launch brought new possibilities for users seeking seamless multi-chain DeFi experiences.

Important Milestones

• 2021: Mainnet launch, achieving cross-chain liquidity and multi-chain wallet functionality.
• 2021: Raised $12.5 million through two private funding rounds.
• 2021: Listed on major exchanges, with the price reaching an all-time high of $6.42.
• 2025: Ecosystem expansion, supporting 22 blockchain networks including Ethereum, Binance Smart Chain, Solana, and Avalanche.

With the support of its community and development team, Coin98 continues to optimize its technology, security, and real-world applications.

How Does Coin98 Work?

Decentralized Control

Coin98 operates on a decentralized network of computers (nodes) spread across the globe, free from the control of banks or governments. These nodes collaborate to validate transactions, ensuring system transparency and attack resistance, granting users greater autonomy and improving network resilience.

Blockchain Core

Coin98's blockchain is a public, immutable digital ledger that records every transaction. Transactions are grouped into blocks and linked through cryptographic hashes to form a secure chain. Anyone can view the records, establishing trust without intermediaries. Coin98's multi-chain support and cross-chain bridge enhance performance and interoperability.

Ensuring Fairness

Coin98 employs various consensus mechanisms depending on the supported blockchains to validate transactions and prevent fraudulent activities like double-spending. Participants maintain network security through activities specific to each supported blockchain, earning rewards in their respective native tokens. Its innovation lies in providing a unified interface for interacting with multiple consensus mechanisms and blockchain networks.

Secure Transactions

Coin98 uses public-private key encryption to protect transactions:

• Private keys (like secret passwords) are used to sign transactions
• Public keys (like account numbers) are used to verify ownership

This mechanism ensures fund security, while transactions remain pseudonymous. Additional security features include multi-chain support and a non-custodial wallet design.

C98's Market Performance

Circulation Overview

As of September 30, 2025, C98's circulating supply is 999,999,715 tokens, with a total supply of 1,000,000,000 tokens.

Price Fluctuations

C98 reached its all-time high of $6.42 on August 25, 2021. Its lowest price was $0.03474981, recorded on June 23, 2025. These fluctuations reflect market sentiment, adoption trends, and external factors.

Click to view the current C98 market price

On-chain Metrics

• Daily Trading Volume: $177,470.18 (indicates network activity)
• Active Addresses: 4,980 (reflects user engagement)

Coin98 Ecosystem Applications and Partnerships

Core Use Cases

Coin98's ecosystem supports multiple applications:

• DeFi: Coin98 Exchange, providing decentralized trading and liquidity aggregation.
• Cross-chain: Space Gate, enabling value transfer across multiple networks.

Strategic Partnerships

Coin98 has established collaborations with 22 blockchain networks, enhancing its technical capabilities and market influence. These partnerships provide a solid foundation for Coin98's ecosystem expansion.

Controversies and Challenges

Coin98 faces the following challenges:

• Technical Hurdles: Maintaining seamless integration across multiple blockchains
• Regulatory Risks: Navigating the evolving regulatory landscape for cross-chain protocols
• Competitive Pressure: Standing out in the crowded multi-chain wallet and DeFi aggregator space

These issues have sparked discussions within the community and market, driving Coin98's continuous innovation.

Coin98 Community and Social Media Atmosphere

Fan Enthusiasm

Coin98's community is vibrant, with 4,980 holders as of September 30, 2025. On X platform, related posts and tags like #Coin98 frequently trend. New feature releases and cross-chain integrations ignite community enthusiasm.

Social Media Sentiment

Sentiment on X shows polarization:

• Supporters praise Coin98's multi-chain functionality and user-friendly interface.
• Critics focus on market volatility and competition from other multi-chain solutions.

Recent trends show cautious optimism amidst market fluctuations.

Hot Topics

X users actively discuss Coin98's cross-chain capabilities, DeFi integrations, and potential for mainstream adoption, highlighting both its transformative potential and the challenges in achieving widespread use.

More Information Sources for Coin98

• Official Website: Visit Coin98 official website for features, use cases, and latest updates.
• X Updates: On X platform, Coin98 uses @coin98_wallet, with posts covering technical upgrades, community events, and partnership news.

Coin98 Future Roadmap

• Ecosystem Goal: Support more blockchain networks and expand DeFi offerings
• Long-term Vision: Become the leading multi-chain wallet and DeFi aggregator

How to Participate in Coin98?

1. Purchase Channels: Buy C98 on Gate.com
2. Storage Solutions: Use Coin98 Wallet for secure storage
3. Participate in Governance: Stake C98 for X98 to participate in community decisions
4. Build the Ecosystem: Visit Coin98's developer documentation to contribute to the platform

Summary

Coin98 is redefining multi-chain interaction through its comprehensive suite of products, offering cross-chain liquidity, user-friendly wallet solutions, and DeFi aggregation. Its active community, rich resources, and strong market performance set it apart in the cryptocurrency realm. Despite facing regulatory uncertainties and fierce competition, Coin98's innovative spirit and clear roadmap position it as a significant player in the future of decentralized technologies. Whether you're a newcomer or a seasoned player, Coin98 is worth watching and participating in.

FAQ

What does C98 mean?

C98 stands for Coin98, a DeFi platform on Binance Smart Chain. It aims to provide liquidity and trading services for various tokens.

What is the most promising AI crypto coin?

The most promising AI crypto coin is Snorter Bot ($SNORT). It integrates blockchain with AI for optimal network functionality and shows strong growth potential.

How much is a C98 coin worth today?

As of September 30, 2025, the C98 coin is worth $0.046, showing a 2.33% decrease in the last 24 hours.

What is the ACH coin used for?

ACH coin is used for fast, low-fee payments in a decentralized network. It aims to revolutionize the payment industry by offering an efficient alternative to traditional methods.