DeFi Application Coin98 Will Integrates With Elrond Network
Coin98 Wallet is a decentralized crypto wallet powered by Coin98 Finance. Coin98 Wallet is provided as an all-in-one, multi-function wallet application. Coin98 wallet is a secure decentralized wallet, but the experience it brings is as smooth and convenient as a centralized one. The wallet supports multi-source and multi-blockchain asset management. In addition to optimized wallet functionality, the application also integrates DApps, Market-Watch tools, Instant Exchang.
Coin98 will be integrated with the highly scalable, fast and secure blockchain platform for distributed apps, Elrond Network’s mainnet to offer direct access to $eGold and $ESDT tokens. The initial collaboration will focus on enabling anyone to store, send and receive $eGold using their Coin98 username. $ESDT tokens, Elrond DeFi products, and dApps will be an integral part of the ultimate “version X”, the next critical milestone in the evolution of the Coin98 mobile app and browser extension.
“We accelerate the proliferation of Elrond technology by engaging strategic rapid growth markets. Coin98 is an established leader in Vietnam and South East Asia, and our collaboration will enable more people to tap into financial opportunities at an internet-scale.”—Beniamin Mincu, Elrond Network CEO.
The $EGLD token is a unit of value that is native to the Elrond network. It represents a medium of exchange between users & developers who pay to use the network and validators who take the fees as payment for the services they provide.
“Elrond have proven themselves as an innovative team with a great vision through their line of work. This partnership can unlock numerous opportunities for Coin98 Wallet and Elrond to fulfill our vision of connecting DeFi to the real world, making the open economy accessible to anyone in the world. We’re excited about what this partnership could potentially bring to our 280,000+ users in the foreseeable future!”—Vinh The Nguyen, Co-Founder & CEO of Coin98
Coin98 Wallet is a non-custodial wallet, so only you are in control of the recovery information such as your private key and passphrase. The application does not collect your confidential data. As long as you store the wallet recovery information carefully, your fund will be safe. The application is available on iOS and Android.
ABOUT COIN98
Coin98 Wallet is a non-custodial wallet used to store, manage, trade, swap multi-chain, multi-source digital assets. It supports the most popular chains, including BTC, ETH, TOMO, Tron, Binance Smart Chain, Solana, Polkadot, Kusama, Huobi ECO Chain, Near, Avalanche, Binance Chain, Elrond, Celo, Band, Kava, Cosmos, Thor, Fantom, Polygon, Persistence. Coin98 Wallet has both the Mobile App and the Extension version that act as a gateway, connecting users to the DeFi world.
ABOUT ELROND NETWORK
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
