Coin98 Token (C98) Expands to TomoChain: Enhancing Cross-Chain Accessibility

We are excited to announce that Coin98 Token (C98) is expanding its presence to TomoChain, strengthening our dedication to providing users with seamless, cross-chain access and an improved experience. This milestone marks another significant step in our ongoing commitment to drive multi-chain adoption and interoperability.

Coin98 Wallet

Published Aug 08 2023

Updated Aug 10 2023

2 min read

Seizing Opportunities with TomoChain

TomoChain is a scalable and efficient blockchain platform that offers diverse features, including its high throughput, fast confirmation times, and low transaction fees. By expanding to TomoChain with TRC25 standard, it gives C98 holders the opportunity to transfer tokens without having to pay the gas fee using native tokens. Instead, they can use the token itself, leading to a more seamless and cost-effective experience for our token holders. Coin98 empowers our users by providing them with the best possible experience, and we are well on our way to achieving that goal.

The C98 total supply remains set at 1 billion tokens, implying that the value of each C98 token will not be diluted when new ones are created on TomoChain. To be more exact, we will maintain the existing circulating quantity of C98 tokens while releasing 20,000,000 C98 tokens on TomoChain by burning 10,000,000 tokens on Solana and 10,000,000 tokens on BNB Chain.

Coin98's expansion to TomoChain is a part of our plan to grow our entire ecosystem by providing users with access to the benefits of this network while also working toward our shared objective of mass adoption.

Seamless Bridging Process with SpaceGate

We understand the importance of a smooth bridging process for token holders. That’s why SpaceGate’s role is crucial in ensuring that the expansion from other available chains to TomoChain is seamless and hassle-free. This bridging process has been designed to minimize any potential disruptions and allow users to bridge C98 tokens without any interruptions.

C98 token on TomoChain is now supported with the aid of SpaceGate, which acts as a convenient approach for our users to convert native C98 tokens from Ethereum, BNB Smart Chain, and Solana to TomoChain. All executions will be done on the Coin98 Super App as well as SpaceGate website within a multichain wallet, giving users a nice stay.

Expanding the Coin98 Ecosystem

The move to TomoChain represents more than just a change of networks for C98 tokens. It also opens up exciting possibilities for expanding the C98 ecosystem. TomoChain's ecosystem includes various dApps, decentralized exchanges, and other blockchain projects that will provide C98 token holders with increased options for utilizing their assets. This expansion of the ecosystem will undoubtedly contribute to the overall growth and adoption of the C98 token’s benefits:

Cross-Chain Accessibility: C98 holders can now easily access, manage, and transact with C98 tokens across multiple blockchains, offering greater flexibility and convenience thanks to SpaceGate

Faster Transactions and Lower Fees: TomoChain's infrastructure enables faster transaction confirmations and lower fees, facilitating smoother and more cost-effective transactions for C98 holders.

Unified liquidity: Regardless of which blockchain you utilize, all assets received following bridging transactions are pure C98, rather than wrapped tokens, which can help unify liquidity.

The decision to expand the C98 token to TomoChain marks an exciting new chapter in the token's journey. C98 token holders may look forward to increased scalability, higher security, and more ways to use their assets as a result of the token's integration with TomoChain's robust and trustworthy ecosystem. As the expansion to TomoChain proceeds, we are thrilled to develop and thrive within the TomoChain ecosystem.

More information will be announced soon. Stay updated!

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.