The leading DeFi app in South East Asia will integrate our mainnet and offer direct access to eGold and ESDT tokens. Hundreds of thousands of new users will thus get unrestricted access to Elrond dApps and DeFi opportunities.
The initial collaboration will focus on enabling anyone to store, send and receive eGold using their Coin98 username. ESDT tokens, Elrond DeFi products, and dApps will be an integral part of the ultimate “version X”, the next critical milestone in the evolution of the Coin98 mobile app and browser extension.
“We accelerate the proliferation of Elrond technology by engaging strategic rapid growth markets. Coin98 is an established leader in Vietnam and South East Asia, and our collaboration will enable more people to tap into financial opportunities at an internet-scale.” said Beniamin Mincu, Elrond Network CEO.
“Elrond have proven themselves as an innovative team with a great vision through their line of work. This partnership can unlock numerous opportunities for Coin98 Wallet and Elrond to fulfill our vision of connecting DeFi to the real world, making the open economy accessible to anyone in the world. We’re excited about what this partnership could potentially bring to our 280,000+ users in the foreseeable future!” said Vinh The Nguyen, Co-Founder & CEO of Coin98.
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About Coin98 Wallet
Coin98 Wallet is a non-custodial wallet used to store, manage, trade, swap multi-chain, multi-source digital assets. It supports the most popular chains, including BTC, ETH, TOMO, Tron, Binance Smart Chain, Solana, Polkadot, Kusama, Huobi ECO Chain, Near, Avalanche, Binance Chain, Elrond, Celo, Band, Kava, Cosmos, Thor, Fantom, Polygon, Persistence.... Coin98 Wallet has both the Mobile App and the Extension version that act as a gateway, connecting users to the DeFi world.