C98 is a native token of the Coin98 exchange. Coin98 is an all-in-one tool to access every DEFI needs. No need to go to a different platform for bridge, swapping, AMM, or for the wallet. Coin98 is going to launch the C98 token with Binance Launchpad. Binance lets its users buy C98 token ICO with BNB token. In this article, we will explain what is C98 token ICO is, How to buy C98 tokens step by step, learn about their Coin98 platform in brief and why Coin98 is a good investment.

Binance Launchpad is one of the most promising IEO platforms, just like Gate.io, Coinlist, Kucoin and Probit. These exchanges do a lot of potential ICOs and hence we recommend you to join each one of them.

Here is an updated list of potential ICOs going on that you can invest in.

C98 Token is currently available only on Binance Launchpad. So, anyone who is trying to sell you a C98 token is a scam, and stay away from them.

Coin98 Token Sale Details

Coin98 (C98) token ICO sale is going on Binance Launchpad. Where you can hold your BNB for 7 days and the Binance will take an average of that BNB with hourly snapshots. At the end of the 7th day, whatever your average is, the binance will let you buy C98 tokens with that average amount with a limit of 200k tokens per user.

BNB Holding Period: 07/16/2021 at 00:00 UTC – 07/23/2021 at 00:00 UTC
Eligibility: Please check below
Minimum Purchase limit: No minimum required
Maximum Purchase limit: $20,000
Official website: https://www.coin98.com/
Official whitepaper:

You can participate in C98 token community sale from here.

Which country residents can’t participate in C98 token sales on Binance

Investors from these countries are not allowed in Coin98 token sales on Binance:
Belarus, Mainland China, Democratic Republic of Congo, Cuba, Iraq, Iran, North Korea, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Zimbabwe.

What is Binance Launchpad Subscription method with example

Binance is one of the most used exchanges in the whole world with its own chain just like Huobi or Kucoin. Binance introduces a new ICO from its launchpad just like Kucoin Spotlight or Gate Startup. Though, Binance has several methods to organize a token sale over its platform, one of them is the Subscription model. The Binance Subscription model is a way to help new ICOs raise funds with Binance.

How Binance Launchpad Subscription works with Example

The Binance Launchpad Subscription method uses BNB as a holding coin to measure your ICO allocation. In short, if you hold BNB tokens in your wallet for 7 days you will be eligible for ICO token purchase which directly depends upon the amount you are holding in your binance wallet. Usually, binance launchpad subscription is for 7 days. For 7 consecutive days, you have to hold some BNB tokens. This amount can be anything that you want.

Example how Binance subscription method works in ICO token sale:

Case 1: Imagine Techcrook has 1BNB for 7 days. So, in the end, techcrook will be able to buy an ICO token from Binance with 1BNB.
Case 2: Imagine Techcrook has 1BNB on Day 1-4 and then he added another 0.5BNB with the final balance of 1.5BNB in account for the next 3 days. So, on average techcrook will be able to buy (1*4+1.5*3)/7 ie. the average of the balance, which will be around ~1.2BNB worth of ICO.

*As I have mentioned it Day vise, the Binance will calculate it hourly and take hourly snapshots and provide much more accurate BNB average.

How to buy C98 ICO token from Binance IEO

First, if you haven’t registered with Binance. Register on Binance with this link to get a 20% discount on trading fees. Then you must be KYC verified. Once done, you have to now buy some of the BNB tokens and hold them for 7 days. This BNB will decide how much you can buy when the ICO sale will start. Just as I mentioned above.

Now, after that visit the sale page and check out your average BNB hold and on the sale date you will get the allocation of that amount only.

Step by Step procedure to buy C98 token from Binance Launchpad

Register on Binance Exchange.

Fill in the KYC details and submit them to the Binance. It will take 1-2 days to get verified. There are certain region restrictions for each and every ICO token sale. As mentioned above in the article, those countries’ residents will not able to participate in Binance launchpad token sales.

Now, move to the Binance ICO launchpad page buy some BNB and then hold it for 7 days. At the end of the 7th day as per the time decided by the team, you have to go to launch page and buy your allocated amount tokens.

That’s it, as soon as the sale closes you will get your tokens and it will get listed on Binance immediately.

Key Takeaway

Binance is one of the highest ROI(Return of Investment) providing IEO exchange. Other high providing IEO exchanges are Kucoin Spotlight, Coinlist, Gate.io and Probit. We learnt how Binance launchpad works and how you can you buy new ICOs from Binance launchpad. So, go through the steps and let us know if you have any issues in comments.

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