Coin C98 from VietNam

Coin98 is a blockchain project from Vietnam that has attracted significant attention in the cryptocurrency community, but has not always been highly regarded. Here are some reasons that have led to criticism of Coin98:

1. Unsustainable marketing strategy

Coin98 frequently employs marketing campaigns that focus too heavily on 'hype' (exaggerating) the value, causing many investors to have unrealistic expectations for the project. However, the actual product does not meet the expectations set by the advertisements, leading to disappointment within the community.

2. Incomplete product

Although Coin98 Wallet is marketed as a multifunctional application supporting multiple blockchains, many users have reported technical errors, a lack of seamless experience, and security-related issues. This causes a loss of trust from users, especially in a field that requires high safety like cryptocurrency.

3. Centralized profit model

Some analysts argue that Coin98 shows signs of concentrating benefits within a small group, rather than creating real value for the community. This diminishes the long-term appeal of the project to investors.

4. Lack of transparency

The lack of clarity regarding financial reports, development roadmaps, and strategic partners has caused suspicion within the community. Transparency is a crucial factor for a blockchain project, but Coin98 has not truly achieved this.

5. Focus on tokens rather than technology

Coin98 is often criticized for focusing too much on promoting the value of the C98 token, instead of developing core technology or providing truly useful solutions.