Coin98 Community Call Recap: New Year Gathering: GET READY FOR 2023, LFG!

The year 2022 was a blast for us: we took a leap in structuring both our team and products within the Coin98 Ecosystem. We hosted this community call to reflect on our achievements last year and share with you our visions and plans for 2023.

Coin98 Wallet

Published Jan 19 2023

Updated Feb 06 2023

8 min read

The community call took place on Jan 18 2023 at 19:00 at Coin98 SuperApp's Twitter Space with the participation of Mr. Le Thanh (Founder of Coin98 Finance) and Mr. Marcus Le (Head of Community at Coin98 Finance). Listen to the session here

Section 1: Looking Back 2022

2022 has been a rough year for all of us. As the main product of the ecosystem, how is Coin98 Wallet growing in terms of users?

A lot of things happened last year: the LUNA crash, and then the 3AC crisis, and then FTX. But in the last year, Coin98 Wallet has achieved some goals and a big growth in terms of users. In 2022, we grew from 1 million to 6 million users and from 7.5 million to nearly 25 million addresses which accumulated a trading volume of over $750M. We also launched a lot of products during last year. And what we are really proud of is we spend a lot of time training the team; Coin98 Finance right now has roughly 150 people working day and night with the commitment of making Web3 accessible for everyone. So we are cooking various things at Coin98, we will be ready before the next bull run is back.

In the world right now, Coin98 Wallet is in the top 5 wallets that have the largest user base. The main goal for this year 2023 is to try to acquire more users and expand the Coin98 Ecosystem.

Remarkable collaborations that Coin98 participated in throughout the year 2022?

Coin98 wallet engine could be ready to provide a wide range of services compared to other wallets. Last year, in 2022, we spent a lot of time with the Cosmos Ecosystem. Recently, we integrated with a long list of Cosmos-based blockchains, and tried to play a more important role to contribute to the Cosmos Ecosystem. We also integrated a couple of Layer 2 and other blockchains. In the last year, we have supported over 70 blockchains and launched the SuperLink protocol, which is a liquidity aggregator from more than 40 liquidity sources.

We also integrated a wide range of fiat on-ramp services, bringing the world of crypto closer to all people around the world: MoonPay, Simplex, BinancePay, CoinbasePay, and other services as well.

In 2022, we expanded our support to hardware wallets such as Trezor and Ledger for a better user experience. Coin98 has done a pretty amount of work in 2022 in allocating resources and developing new features and new products that we are excited to launch in the next few months.

How did the Coin98 ecosystem evolve in the past year? Can you share the whole Coin98 ecosystem picture with us today?

In 2022, we are lucky to have time to nurture a number of seed products. We had the launch of Coin98 Dollar (CUSD). CUSD at this stage is ready and CUSD will be introduced and used to expand the power of the Coin98 ecosystem. It will have more use cases that you can use with CUSD. We expect to see more opportunities for CUSD holders to play more with the products within the ecosystem. We have prepared a good foundation for the growth in 2023

Another product we already launched last year is the new upgrade of the SpaceGate mechanism. The old version of SpaceGate - the cross-chain bridge works like the bridge aggregator which aggregates the best bridging solution out there and lets users bridge the assets between chains.

Now, the user experience and the speed of transferring assets between chains is not that good, so, in 2022, we upgraded the SpaceGate architecture into the new one which is fully developed by us. You can play around with the C98 token in the wallet and you can convert C98 native tokens on different chains in seconds among 3 chains: BNB chain, Ethereum and Solana.

This year, the plan is to support more assets and more chains such as EVM blockchains and Layer 2 as well. We expect to see more volume and revenue coming from this bridge in 2023.

For the ecosystem, we have Saros and Baryon which are the DEXes built on Solana and BNB chain have grown well. And the acquisition of Yunero a rising gaming studio in Vietnam, and Cyball, a well-known P2E gaming project. This is the first step we expand the C98 token into gaming. We believe Web3 games will be a strong narrative that is pushing the web3 use case to the mass audience. We want to be a part of it instead of staying out of the game. The acquisition of this studio helps Coin98 have a gaming arm where we can expand more and more games and expand more use cases for C98 as well.

Over the past year, we have seen some major campaigns which played a crucial role in the marketing strategy of any product, especially with Coin98 Wallet. How were the campaigns? Can you share some figures about these campaigns?

Campaigns and also gamification are playing an important role at Coin98. In 2022, we launched a lot of campaigns that heated up the community a lot. Most of these campaigns had very good results such as the Swap2Earn campaign generated roughly $4M swap volume with more than 26,000 users participating in that campaign. For the Pick Your Star campaign just launched recently, there were over 3,000 users joining it. The Finding Luck 2022 campaign helped us have nearly 200,000 interactions with the campaign across all Social Media channels.

The biggest success for us is the Reward Carnival campaign that generated roughly 3 millions users for us from that campaign alone. So when we look back, these campaigns played a critical role for us, but they also leave a lot of room for improvement. We are excited to learn all the lessons we had from last year to improve and introduce even more fun campaigns in this year, 2023.

Section 2: Moving Forward

The spotlight of this New Year Gathering. We are eager to know more about Coin98's direction in 2023. What are the team's vision and target after a full year 2022 of market downturn?

2022 is a year of building the foundation for ecosystem and team expansion. The main theme for 2023 is building the use case for C98 token. Looking at the product development roadmap, if everything is all good, we are going to introduce two products in Q1 2023, which are a new token launchpad and a NFT marketplace.

In the last bull market, a lot of launchpads were coming into the market but very few of them were trying to introduce good projects on the launchpad. We see that there is still room for a premium token launchpad platform, and we believe that token launchpad will add tons of value to the whole community and holders as well.

We believe that 2023 will be the year of NFT. NFT is going to be applied into more traditional use cases, therefore, launching NFT marketplace and working with web2 company to help them launch and trade NFTs will drive a massive potential revenue for the whole community

SpaceGate will be introduced in more markets and expanded in more chains. Superlink is trying to optimize the routing mechanism and add more features into it such as limit order, etc.

On the wallet side, we will launch new initiatives in this year which will be announced after this Lunar New Year which is Coin98 Wallet as a Service. We expect to see more and more products using the Coin98 Wallet engine. Furthermore, we will work closely with other blockchains and foundations to use this engine in offering a better wallet experience for Layer 1 and Layer 2 blockchains.

Again, gamification is playing an important role for us, so we are trying to build an in-app game hub for Coin98 Wallet users. On top of that, we also build our Coin98 Wallet Adapter to allow other developers to start integrating Coin98 much easier.

Beside all of that, our ecosystem has Baryon and Saros which are planning to acquire more users as well as more liquidity for these protocols. We are waiting for the best time to launch tokens for these two projects as well. It should be a fair launch and give back a lot of values for C98 holders.

Speaking of the value for the community. Engaging with all stakeholders is extremely important. Can we expect something new with the Coin98 Community this year?

Mr.Thanh: In 2022, a lot of things happened, and our marketing team is small. We did not have much resources to do marketing for the community. As 2022 we have built a strong foundation for the community, we now have a better team with more people and we expect to see more crypto events to engage the community. This year, not only on the wallet side, but also on the Insights community, we will put more effort into expanding our community. Stay tuned for it!

Mr.Marcus: at Coin98 Finance, we have the whole ecosystem which has different arms of products, media channels, and network. Building the community is the direction of the year. For me, I am responsible for the community on both product and network sides. The main point for the community is it would be more engaging and more two-side communication. We want to have interactive communication: we share what our plan is, what we have achieved, and we also want to hear what your next move is. We want you to be involved in the community as after doing our research within the community and partners around the world, we found out that even though we have a lot of things in terms of product development in the crypto space, the involvement of participants in the decentralized world is not at a deep dive level. People haven't been fully exposed to more activities in it. That’s the pain point we want to address with the Coin98 community product team in 2023.

We will also have more education with our team and our partners to have a growth in community with more deep dive activities such as running nodes, operating DAOs, voting governance. We also plan to have more monthly community calls and offline events to hear what you want to know and interact with the community. There will be multiple sharing events hosted in Vietnam, firstly, and moving forward to other countries later on. Our team will travel to different places around the world to meet you all, our friends. Speakers will not only be from Coin98, but also from our partners/friends/buddies in crypto and tra-fi as well.

Last but not least, we are going to have the program with Web3 Citizen. We have shared that we are making Web3 accessible for everyone. So we want to share our knowledge and experience from experts and mentors to educate community members at the deeper level in the space. You should join this program, our team will post the link for you to register after this community call.

About Coin98 Super App

Coin98 is the #1 crypto super app designed to seamlessly connect a billion users to the crypto world safely and securely.

We offer users across the globe a comprehensive and trusted ecosystem of essential services, including but not limited to a non-custodial, multi-chain NFT & cryptocurrency wallet, built-in DEXs, Cross-chain Bridge & DApp Browser, a powerful Terminal, attractive Earn, Gift & Campaign, and Others.