- Thanh Le, the founder of Coin98 (C98) Finance, has refused to sell to Binance.
- Le rebranded the company and changed its name to Ninety Eight.
- The Coin98 founder plans to leave a foundation for the young Vietnamese generation.
According to reports, Thanh Le, the founder of Coin98 (C98) Finance, has refused to sell the decentralized crypto exchange to Binance. Instead, Le rebranded the company and changed its name to Ninety Eight. Le Nin, an X (formerly Twitter) user who shared the information, said Le plans to leave a foundation for the young Vietnamese generation.
Several users who responded to Nin’s post applauded Le’s decision not to sell C98. One in particular noted that Le’s vision is not as simple as many think. According to him, most community members are simply buyers or sellers of the C98 digital asset and only care about the price. The user noted that despite the extent of profits traders earn, it is not comparable to those of blockchain developers.
While some other users considered how much Binance may have priced the company in their support for not selling, Leah Nguyen, a Bitcoin supporter, saw Le’s decision as a good move. According to Nguyen, no matter how much money Le earns, it is incomparable to his passion and national pride.
Coin98 Finance is based in Ho Chi Minh City, Vietnam, but is available in various regions. Based on reports, the multichain wallet and DeFi platform is available in 170 countries across the globe, serving about seven million users.
Recently, Coin98 launched a decentralized DApps store on the NEAR protocol operating system. According to a blogpost, the latest innovation would allow users to access several apps on prominent Ethereum Layer-2 ecosystems such as Polygon zkEVM, zkSync, Base, and Linea.
According to Le, the innovation would enable Coin98 to provide users with a one-stop DeFi experience and enhance their vision of making Web3 accessible for everyone.
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