Coin98 Finance Rebrands to Ninety Eight, Establishes $25 Million Ecosystem Development Fund
Summary
On the afternoon of November 1, 2023, Coin98 Finance, the developer of the Coin98 Wallet, announced its rebranding to "Ninety Eight" to better reflect its broader range of products and ambitious vision.
Key Highlights
- Rebranding to Ninety Eight: Coin98 Finance has officially changed its name to Ninety Eight. This move is intended to represent the company's expanded vision beyond its original financial scope.
- Ecosystem Development Fund: Alongside the rebranding, Ninety Eight has established a $25 million fund to support ambitious blockchain startups and innovation.
- New Logo and Visual Identity: The rebranding includes a new logo and a shift in the primary color from dark yellow to a brighter yellow, symbolizing a forward-looking vision while retaining the project's core identity.
- Token Consistency: Despite the rebranding, the C98 token remains the central element of the ecosystem, with no technical changes to the smart contract, tokenomics, or total supply.
1/ Coin98 Finance, the builders of the @coin98_wallet, is rebranding to Ninety Eight, reflecting our expanded vision and product scope.
— Ninety Eight (@ninetyeight_hq) November 1, 2023
🔗 https://t.co/xSz7io2Qkx
Learn more 🧵👇 pic.twitter.com/jphNnzxRDa
New Products and Ecosystem Enhancements
During a press conference held on the same day as the rebranding announcement, co-founder Le Thanh unveiled several new products within the Ninety Eight ecosystem, emphasizing a future-oriented vision:
- Zen Card: A physical card version of the Coin98 Wallet, providing users with a more tangible and enhanced experience.
- One ID: A fully decentralized digital identity solution supporting all assets across various chains.
- Viction: A new ecosystem that combines the platforms of Coin98 and TomoChain, sharing a comprehensive vision towards a decentralized future.
Market Reaction
Following the rebranding announcement, the price of the C98 token saw a positive response, surging from $0.1760 to a high of $0.1890.
1-hour chart of C98/USDT on Binance as of 06:00 PM, November 1, 2023
Conclusion
The rebranding to Ninety Eight marks a significant step for Coin98 Finance, reflecting its broader ambitions and expanded product range. With the establishment of a substantial development fund, Ninety Eight is poised to support innovation and growth within the blockchain space.
For more updates on this and other developments, follow Coin68 on Google News.
