Thanh Le (@imlethanh98): STAY LEAN & FOCUS

STAY LEAN & FOCUS Today is a challenging day for me and the Ninety Eight team as we announce the decision to reduce our workforce, streamline operations, and aim to enhance the company’s productivity and efficiency. It’s estimated that over 20% of the company’s staff will be affected by this reduction. We’ve prepared appropriate policies to ensure that everyone impacted receives their entitled benefits and the best possible support. This decision comes amid the rapidly evolving and decentralized blockchain industry. To keep pace with the market, we need a leaner, more agile team capable of adapting to its demands. In recent years, Ninety Eight has expanded its workforce significantly. However, this growth in numbers hasn’t yet translated into the expected productivity. Having more people has sometimes meant spending more time on communication than on actual work and building. There’s no doubt that blockchain and crypto will continue to gain widespread adoption worldwide over the next few decades. As competitors grow stronger and more skilled, our efforts to streamline and focus on development are critical to maintaining our competitive edge and continuing to rise. Alongside this streamlining, we’ll concentrate resources on our core products, with Coin98 Super Wallet as the top priority. With users increasingly shifting from centralized exchanges (CEX) to decentralized exchanges (DEX) for storage and trading, crypto wallets will soon evolve to develop business lines similar to CEXs but focused on on-chain products. This is a right moment in the market, as the convergence of growing user demand for on-chain trading and the maturing of on-chain technologies now supports features comparable to those of CEXs. Coin98 is dedicated to bring the world onchain. Thank you all for your trust, support, and companionship!