Purchase Coin98 (C98) with Philippine Peso (PHP) 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.
To purchase the C98 token with PHP, users typically utilize a fiat on-ramp on a cryptocurrency exchange that serves the Philippines. Common methods include direct bank transfers, or using popular e-wallets like GCash and PayMaya for Peso deposits. After completing KYC/AML verification, you can convert your PHP into a stablecoin like USDT and then trade it for C98, the native utility token of the Coin98 DeFi ecosystem.
Direct PHP/C98 trading pairs are relatively rare due to liquidity considerations. The standard process involves a two-step transaction. First, users deposit PHP into a regulated exchange via a local bank transfer or payment service. Second, they convert the PHP to a highly liquid asset like USDT or ETH, and then use that asset's trading pair (e.g., C98/USDT) to execute the final digital asset purchase.
For optimal security, it's highly recommended to move your C98 tokens off the exchange after purchase. The best practice is to transfer them to a non-custodial digital wallet where you control the private keys. The native Coin98 Wallet is an excellent choice as it's a multi-chain wallet specifically designed to support the C98 token and its ecosystem features, such as staking and DeFi interactions.
The C98 token is a multi-functional utility and governance token for the entire Coin98 ecosystem. Its primary functions include staking C98 for rewards, paying for services within the Coin98 Super App, and participating in governance to vote on the platform's future development. It is integral to accessing features like multi-chain swaps and yield farming opportunities managed by C98 Labs.
Several fees can apply when converting PHP to C98. These typically include a deposit fee for your PHP fiat gateway (e.g., from GCash or a bank), a trading fee on the cryptocurrency exchange for executing the trade, and finally, a network withdrawal fee for transferring your C98 tokens from the exchange to a secure, personal digital wallet like the Coin98 Wallet.
Holding the C98 token is the primary way to unlock the full potential of the Coin98 Super App, a comprehensive DeFi gateway. It provides users with tiered benefits, reduced fees on cross-chain swaps, and access to exclusive yield farming and staking C98 pools. Essentially, the C98 token acts as a key to participate fully in the multi-chain financial services offered by the platform.