Cryptocurrency News

Coin98’s Strategic Funding Round Raises $11.25M, C98 Price Surges 17x Since its Binance Launchpad IEO

By July 27, 2021 No Comments

Key takeaways:

  • Coin98 has opened up trading on Binance with a bang, up more than 17x since its initial Binance Launchpad IEO token sale price.
  • During the strategic funding round that concluded at the end of May of this year, Coin98 managed to raise more than $11 million.
  • Many investors participated in the funding round, which was lead by crypto-focused venture fund Hashed and financial advisory firm Spartan Group. 
  • Kelvin Koh, Partner at Spartan Group said: “Spartan Group is excited to be one of the major investors in Coin98. With over 300K users and multi-chain support, Coin98 is becoming one of the leading DeFi platforms in Asia.”
  • Coin98 includes all the necessary tools to create a multi-chain platform. From its own non-custodial, multi-chain crypto wallet, to a native exchange and bridge solution. 
  • Coin98 platform includes decentralized exchanges, lending protocols, on-chain governance and blockchain-powered gaming, a truly all-encompassing DeFi ecosystem.
  • The project’s native token C98 is used for ecosystem development, staking, governance, and to give token holders additional benefits when using the platform.