Purchase Coin98 (C98) with Japanese yen (JPY) easily at Switchere and benefit from fast, secure transactions.
Coin98 (C98) is a comprehensive decentralized finance (DeFi) suite designed to serve as an all-in-one gateway for users to access Web3 applications. Its primary mission is to simplify the often fragmented and complex DeFi landscape, offering a seamless user experience across multiple blockchain networks. By integrating a non-custodial wallet, a decentralized exchange aggregator, and a cross-chain bridge, Coin98 provides the necessary tools for both new and experienced users to navigate the world of digital assets. This integrated approach aims to remove barriers to entry and foster wider adoption of blockchain technology.
The core of the ecosystem is built on three main pillars: Coin98 Wallet, a multi-chain wallet allowing users to store, send, and receive thousands of digital assets across various blockchains; Coin98 Exchange, a liquidity aggregator that routes transactions through multiple DEXs to secure optimal pricing and low slippage for token swaps; and Space Gate, a native cross-chain bridge that enables frictionless asset transfers between different decentralized networks. This powerful combination establishes a robust infrastructure for DeFi activities, from simple transactions to complex yield farming strategies, all within a single, unified interface.
The native C98 token is the backbone of the Coin98 platform, functioning as both a utility and governance token. Its primary use cases include paying for service fees, staking to earn rewards and access exclusive platform privileges, and participating in the protocol’s on-chain governance. Holders of the C98 token can vote on proposals to shape the future development of the ecosystem. As a key digital asset within this multi-chain environment, C98 underpins the platform's tokenomics and incentivizes active participation, positioning Coin98 as a pivotal player in enhancing DeFi interoperability and accessibility.
The JPY/C98 pair represents the exchange rate between the Japanese Yen (JPY) and the Coin98 token (C98). It allows you to purchase C98, the native utility token of the Coin98 DeFi ecosystem, directly using JPY. This provides a direct fiat on-ramp for Japanese users to access the Coin98 Super App, a multi-chain crypto wallet and DeFi gateway.
The C98 token serves multiple functions within its ecosystem. Key utilities include staking C98 to earn rewards, participating in platform governance to vote on proposals, gaining tiered access to the C98 Launchpad for new projects, and paying for transaction fees on its native cross-chain bridge, Space Gate. It acts as the central pillar for the entire multi-chain DeFi gateway.
Yes, using a direct JPY/C98 fiat gateway simplifies the trading process. It allows you to avoid two separate transactions, which can reduce cumulative trading fees and minimize potential price slippage that can occur when trading through an intermediary asset like BTC. It provides a more direct and often more cost-effective entry into the Coin98 ecosystem for those holding Japanese Yen.
First, you must register on a regulated Japanese cryptocurrency exchange that lists the C98 token. You'll need to complete the Know Your Customer (KYC/AML) verification. After approval, you can fund your account with Japanese Yen via a domestic bank transfer (furikomi). Finally, navigate to the JPY/C98 trading market, place a buy order, and once executed, the C98 digital asset will be credited to your exchange wallet.
For enhanced security, it is best practice to withdraw your C98 from the exchange to a non-custodial digital wallet where you control the private keys. The native Coin98 Super App wallet is a popular choice as it's designed for the ecosystem. For significant holdings, consider using a hardware wallet for cold storage, which keeps your private keys completely offline and protected from online threats.
There are typically three potential fees: 1) A deposit fee, which may be charged by your bank for the JPY transfer to the exchange. 2) A trading fee on the cryptocurrency exchange, usually a small percentage of the trade value (maker/taker model). 3) A withdrawal fee, charged by the exchange if you move your C98 tokens to an external multi-chain wallet like the Coin98 Super App. Always check the fee schedule of your chosen exchange.