Binance announced today that it would add the 20th project on its Launchpad. Investors will be able to buy Coin98 (C98) on the platform starting July 16, 2021.
Coin98 is an all-in-one DeFi Platform. It aims to fulfil untapped demand in the industry by becoming a Gateway bridging TradFi users to any other DeFi service on various blockchains. The company plans to accomplish this mission through a full suite of products, including Coin98 Exchange, Coin98 Wallet, and Space Gate (cross-chain bridge).
Coin98 Exchange is a multi-chain liquidity aggregator. It allows customers to swap, stake, borrow, lend, and earn digital assets with the best rates and low slippage. Meanwhile, Coin98 Wallet enables investors to store, receive, send, and manage crypto assets, as well as connect to numerous dApps on multiple blockchains. This wallet supports more than 20 blockchains, including Binance Smart Chain, Ethereum, Solana, Polygon, Terra, Avalanche, etc. Besides, it has both mobile (android and iOS) and Chrome extension versions.
On the other hand, Space Gate is a cross-chain bridge. It allows swapping and transferring values across various networks. Space Gate supports token swaps between BEP20 tokens, ERC20 tokens, SPL tokens, and more.
How can token holders use the C98 token?
The Coin98 platform created its native utility token C98 to offer its customers’ advantages linked with native tokens. The C98 token holders will be able to pay services fees or participate in governance. They will also get unique membership rights and other staking incentives.
The company offers an “always-connected” experience. Besides, Coin98 has a multi-chain wallet engine that enables users to manage assets on multiple blockchains simultaneously by using only one passphrase. As a result, it creates a seamless experience for customers when connecting to DEXs and numerous dApps.
That’s not all, however. Coin98 also promises the best trading rates. The platform gets fully automatic liquidity from different sources, such as SushiSwap, Uniswap, PancakeSwap, Pangolin, Quickswap, and MDEX. It also offers smart routes to power instant secure swaps with the best slippage and prices.
The company implements an optimized mechanism enabling users to save time and money when transacting. It also provides a single interface to the DeFi world – Exchange, Wallet, Markets, Tools including Token Issuer, Portfolio Tracking, Multi-send, Multi-sig, and more in one place.
The platform is user-friendly with an intuitive and easy-to-use interface. It aims to make DeFi services accessible to everyone around the world. What’s more important, users fully control all their assets and information. Coin98 offers FaceID, Touch ID, and PIN code protection on mobile, as well as matrix passwords on the web version.
The total supply of its native tokens is 1,000,000,000 C98, but only 18.5% will be in circulation initially. Furthermore, the token price during the initial coin offering will be 0.075 USD per C98. Fifty million tokens will be available for sale at this stage.
START token’s ICO will also begin in several days
Starter announced its launch of START token’s ICO on July 22, 2021. This company has already gained recognition in the DeFi space. Its goal is to help people interested in digital assets. While the DeFi has unlimited potential, innovation for bootstrapped projects has been hindered on the Ethereum blockchain. New project launches almost stopped due to exorbitant gas fees.
Meanwhile, existing projects are losing user engagement as claiming, staking, and even normal traders cost ETH users huge amounts in transaction fees. This trend will probably continue in the future.
However, we can’t stop innovation and remain in one place. Developers have been trying to find lower-cost options to deploy their experiments over the past quarter. The Binance Smart Chain has become one of the go-to platforms for new products launches and existing projects looking for ways to stay alive.
The starter team noted that launchpads are increasingly bureaucratic today, requiring a manual selection process and KYC, which are reminders of the old barriers that have kept new innovations accessible only to the rich. However, the team believes that various DeFi communities can unite and take matters into their own hands given the correct tools. So, they developed Starter to aid communities to do exactly that.
This community-governed launchpad will help creators raise capital for their projects without adhering to any KYC rules or encountering government red tape. The Starter community will determine which projects to list on the platform. It will use DYOR skills to vote Yes or No on projects coming through the network looking for funds.
Community is the main force behind the Starter platform
According to the Starter team, their community is self-empowered to performing due diligence on every submitted application on their own. Members that hold at least 1,000 START tokens can participate in approving or denying applicants. Furthermore, any community and non-community members can invest in approved START projects. But only community members can approve a future grant of 1,000 START tokens if the project will make promised progress over the month after the sale.
Starter also offers free audits for projects that successfully complete raising funds by a trusted community auditor.
The Starter developers will enjoy many benefits, including a reliable, fully self-governed community; an open and self-service application process; free contract audits; an ecosystem that will help increase their chances of success via connections and potential partners; and a wonderful user experience for their customers.
Starter launched with 1 million START tokens on March 8, 2021. The presale supply has been announced as 450,000 tokens. However, the company is beginning another sale on July 22, 2021. The ICO price will be $0.039000, and the fundraising goal is $190,000. 5,000,000 START will be available for trade.
What about DRIFE’s token?
Drife plans to launch its token on July 16, 2021. The company aims to raise $100,000 during the initial coin offering. The price will be $0.006250 per token, and the platform will accept BUSD in exchange.
Drife is a mobility platform based on Blockchain. It offers decentralization to the ride-hailing ecosystem. The transportation and logistics industries are evolving, along with privatized public transport. Not so long ago, people had been using the first generation of formalized government-regulated metered taxis after replacing horse carriages with them. Afterwards, we substituted these taxis with ride-hailing platforms mediated by second-generation transport network companies. Drife offers another innovation – Taxi 3.0.
According to the company, its riders’ privacy is reinforced, and its drivers’ rights and remuneration levels are transparent and fairly distributed. In addition, drivers will retain their rights to unionize. The system also allows the upholding of local regulations and compliance.
Drife aims to disrupt the current flawed business model dominated by Lyft and Uber. Instead, the company offers a fairer, transparent, and more efficient ride-hailing economy and transportation marketplace built on the Blockchain.
How will DRIFE token aid with this goal?
Drife will use its token economy system to reward users for offering and availing rides, as well as participating, engaging with, and promoting the Drife platform.
Customers will get rewards in the form of DRF – the platform’s blockchain-based cryptographic utility token. The company will use smart contracts to tokenize Drife loyalty and incentivize customers.
The team hopes that their platform and community will eventually transform how current transportation companies engage, reward, and retain customers. While this company is relatively new, it has a well-developed roadmap and a good chance to achieve its goals.
0 (0 votes)
Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.