All Posts By

Arax

Proposed ARX Tokenomics and SWAP details

Arax Coss merger

PREFACE: We kindly recommend that you take the time to read through this document carefully, as this is a fairly detailed document. There is also a YouTube video that we encourage you to watch which should answer some of the common questions you have.

Do take note: The scope of this document focuses only on the ARX token and SWAP details for the community to vote on. More detailed announcements on how and when the swap will take place will be released in the month of May once we have firmed up the technical swap details.

1. What is ARX?

ARX is the new multi-use-case cryptocurrency utility token, that enables token holders to benefit from a variety of use cases across multiple platforms than just one single utility, such as (but not limited to) the COSS Exchange, the ARAX wallet, Decentralized Exchange and many more products and features to create a unique ARX ecosystem.

2. ARX Token Utility

We are proposing four major utilities as described below. ARX token will become the native token across the entire ecosystem and will have multiple use-cases added that will enhance the value of the FSA

  1. FSA: Fee Split Allocation

Through a unique DAO (decentralized autonomous organization) system as before in COSS, the holders of ARX tokens will be eligible to receive a portion of the trading fees generated on COSS (Centralised Exchange) and upcoming COSS-X (Decentralised Exchange). As a result of this, we expect the FSA to benefit from increased user sign-ups and trading activity across two exchanges. FSA % on COSS will stay at 50% as before. FSA % on COSS-X will be confirmed at a later date but we are expecting between 25–50%. FSA % fees for most other products that are planned to release will be determined as we launch these products in the future keeping in mind costs, net fees, and current regulations.

2. Trading Fee Discount*

Use the ARX token to pay your trading fees on COSS and COSS-X and obtain a 25% discount on your trading fees, just like the previous CFT Token. Net fees collected will be part of the FSA (see above)

3. Time Deposit (TD)*

A new utility previously not present in COSS/CFT/LALA tokens: Time Deposit (TD). Time Deposit is a feature inside the ARAX App where ARX token holders can lock up their tokens and earn Time Deposit rewards as proposed below. One can enter multiple Time Deposit options for 3 months, 6 months, 9 months, 12 months, 18 months and 24 months. Furthermore, while your tokens are in TD contract, they will still be eligible to receive FSA. That means more earnings if you hold your tokens in TD, and not just the FSA. TD rewards will be added to your balance upon maturity of your chosen TD contract.

We believe this is a great addition to the already existing utility of the token. While the FSA and Trading Fee Discount get rolled into one single ARX token, the addition of TD creates a massive opportunity for all, especially the long term holders. However, this feature demands that we increase the supply by a little bit as proposed in options below:

Arax and Coss tokenomics 1

4. Buy-back/Burn

On a quarterly basis, the group of companies in the ARX ecosystem will use 20% of its net profits to buy back ARX tokens (Profit Tokens) from the open market.

  • 50% of these Profit Tokens will be burned through the built-in Zeppelin burn function in the ARX smart-contract
  • The other 50% will be used to refill the Time Deposit pool, ensuring that the TD reward program can continue to run seamlessly
  • The burn will stop once the max supply reaches back to 200m. ( regardless of option A, B, or C as proposed below in section 4 )

3. Advantages of the New Ecosystem

We understand your concerns. Token dilution is not something anyone wants. But we would ask you to consider this: It is not possible to combine 3 token supplies together and expect the final token supply to remain the same in percentage. What we CAN do, however, is keep the supply increase to a minimum, AND enumerate for you why combining the tokens will be beneficial for you in the long run.

Combining COSS, CFT and LALA tokens into one ARX token gives various advantages:

  1. Bringing our communities together
  2. Create new utility use cases and cost benefits that would not have been possible before
  3. A larger ecosystem that benefits the FSA in the long term and creates a stronger, more sustainable platform
  4. More technology and marketing resources leading to cost efficiency and faster go to market
  5. A combined entity makes us more attractive to partners, vendors, and investors leading to ecosystem growth
  6. More products, features, and revenue which should ideally benefit token holders through the FSA as well as other utilities

Arax x

* FSA % on various products and features going forward (except the already committed FSA % on COSS Trading fee) will be determined as we plan and launch these products in the future keeping in mind costs, net fees, and current regulations.

** Some features & products are from third parties partners as we don’t intend to / can’t build everything ourselves

*** We are going to run master nodes of several PoS Tokens and split a portion of that net fee with the community as above. Users can also stake their own coins, earn staking income as a feature via our master nodes, as well as earn on the FSA at the same time. Net fee will depend on the operational cost of running the master nodes.

*We have not decided the date and plan to release this and many other products yet. We are working on the product roadmap.

4. Proposed Token Options

What were our thoughts behind these numbers regarding Ratio, Communities, and Companies:

Obviously, we felt that all would agree that the most valuable use case was with the COSS token and its FSA hence why we decided to use the COSS token as the benchmark in the proposal. We then looked at the price of all 3 tokens before the pre-announcement.

Then we took into consideration CFT that was originally 10 cents per token. CFT token holders will now get an added valuable use case through the FSA that also will work as compensation over time.

The most difficult one was definitely the LALA token. Regardless of how we twisted our brains, we ended up with plus and minus on all proposals and either way it would impact one or the other. Here we also looked at what the company and the community bring to the table through a solid up and running dev team, marketing team and an existing community. The LALA community also have a solid base of very loyal long term holders even without a recurring use case such as FSA. This part alone is a very valuable addition to any community.

We certainly hope and feel that we have landed on some decent proposals that the communities can come together on, and start delivering on multiple products that we have planned for the ARX ecosystem.

We present three options below: Option A, B, and C.

arax and coss x*These tokens are not eligible for FSA until after distribution in the future

EXPLANATION OF FUTURE TOKEN USAGE:
Future Funding Pool: Most of this pool is a continuation of the token pool from previous COSS/LALA funding token pools. This will be used to secure the companies future and to ensure proper ecosystem growth by having funds available for issuing to partners, vendors, certain payments and acquiring of projects that fit the profile of the ecosystem. Tokens used here will only go into the FSA calculation and circulation when used. On certain projects, the community will be able to participate in decision making through voting.

Airdrop/Promotions/product marketing: A liquid token is very attractive for marketing agencies within the crypto space and we have already utilized this option earlier to pay for marketing with tokens as well as various schemes to current holders and/or external holders to bring them into our ecosystem. Media and PR are essential in crypto space today and can be leveraged via ARX token payments. Incentive schemes for marketing agencies, media partners, various freelancers who help us with the content, etc are all earmarked for payment via this pool.

Charities: In line with our original whitepaper we wish to uphold this profile, but also to expand it into scholarships for tech students in 3rd world countries where these students can become future assets for the ecosystem at the same time as they get an education and a more prosperous future. Charity donations will be based on community proposals and voting. LALA/ARAX has also been at the forefront of financial inclusion and charity. As a combined entity, our goal is to give back to society and create a better place. A formal plan, structure, and features are being planned to be utilized via this pool

Bounties/referrals: We wish to build a strong referral program across the entire ecosystem and bounties are always essential in this line of business, whether that be for aiding on marketing and/or for ecosystem security measures (hacker bounties etc). This not only helps us to create a larger community but also create brand awareness.

Employees/Advisors: As we grow products and geographies, it is very essential we put together the best of the best team. Advisors as well as employees. We are in talks with several new hires for new products as well as a board of advisors to give us strategic direction. Everything is planned and will be announced in time. These future colleagues also need to be incentivized and have their skin in the game at the same time.

5. How to Vote

We would like to have your feedback on the above-proposed ratio and token supply. Again, we appeal to you to read the entire document carefully. Think deeply on this, discuss amongst yourself and feel free to ask any questions you have before voting starts.

We will release the link for the community to vote on the 6th of May, Monday, 9 AM, SG time.

Terms and conditions:

  1. You must use your ARAX App ID (ABC@Arax) OR your COSS registered email to vote
  2. Voting starts on the 6th of May, Monday, 9 am, SG time and ends on the 8th of May, Wednesday, 2 pm, SG time
  3. Only 1 vote per account is allowed, and revisions are not allowed
  4. In the event of a stalemate, the company reserves the right to take a decision at their own discretion

Results will be published and announced on the 8th of May, Wednesday, 4 pm, SG time.

Waltonchain (WTC) is now live on ARAX

Waltonchain (WTC) is now live in Arax

Hello Community,

Arax Crypto Wallet is becoming a tad bit more Universal with the integration of a new coin.

You will now be able to store, send, receive and exchange WTC coins along with your other cryptocurrencies in your Arax Wallet App.

About WTC

Waltonchain is an amalgamation of blockchain with IoT (specifically RFID) to generate a supply chains management system.

Waltoncoins are the native currency of Walton ecosystem. At the time of creating the genesis block, 100 million WTC were issued and no more WTCs will be created post reaching this number. Currently, 70 million WTCs are present for supply and a little more than 40 million are in circulation. The remaining coins will be mined in the coming years.

The six core functions of WTC are:

  1. To issue sub chains
  2. Dividend interest
  3. Credit and mortgage system
  4. Distributed asset exchange
  5. Distributed voting and governance system
  6. Decentralized exchange

Some of these functions overlap with each other. In simple terms, the utilization of WTC is done as a transactional coin to complete tasks off of the parent chain. It is done through byte fee payments. The coin also facilitates association between sub-chains and reward nodes for maintenance of the network.

About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have successfully integrated 15 new coins. We now support 27 cryptocurrencies across 7 Blockchains.

At present, Arax is supporting the below-mentioned coins:

  1. Bitcoin
  2. Stellar
  3. Ripple
  4. Litecoin
  5. Ethereum
  6. LALA Token
  7. 0X
  8. Binance
  9. Basic Attention Token
  10. OmiseGo
  11. TrueUSD
  12. Tron
  13. EOS
  14. DAI
  15. Lisk
  16. Polymath
  17. ZIL
  18. AE
  19. CVC
  20. GNT
  21. REP
  22. DGD
  23. MCO
  24. KNC
  25. MITH
  26. PPT
  27. WTC

Arax also offers various in-app services including mobile bill payments & recharges via cryptocurrencies. We also offer instant cryptocurrency conversions, and remittance (to be live soon). You can also send crypto with its industry-first feature “Near By” via GPS instantly. It is a single storage app for multiple digital assets that gives each user true immutable ownership.

We are making every effort to bring the best services to our users and expand our partnerships. Follow us on our social media channels for more updates. We extend our heartfelt gratitude for your undying love and support.

Best,

Team Arax

Join Us:

Telegram– https://t.me/LaLaWorld

Twitter– https://twitter.com/mylalaworld

Website– arax.io

Populous (PPT) is now live on ARAX

Populous live on Arax

Hello Community,

We know you await these announcements when we announce the next coin that will be added to the Arax family.

All the PPT holders are in for a treat as your preferred Arax Crypto Wallet has decided to become a bit more Universal today by adding PPT to its list of supported coins. Arax will now be open to you all for storing, sending, receiving and exchanging your tokens.

Now, all the Arax users will be able to store, send, receive and exchange PPT coins along with their other favorite cryptocurrencies.

About PPT

PPT is the native coin of Populous ecosystem. Populous is a peer-to-peer Blockchain based invoice platform. It employs the distributed ledger technology of Blockchain to present the world with a global trading platform for invoice financing.

Populous has a well-maintained Liquidity Pool that helps the platform to make funds offering to invoice sellers. PPT is securitized by investors when he/she makes an initial purchase. The cryptocurrency is then used as collateral until the process is completed in escrow.

About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have successfully integrated 15 new coins. We now support 26 cryptocurrencies across 7 Blockchains.

At present, Arax is supporting the below-mentioned coins:

  1. Bitcoin
  2. Stellar
  3. Ripple
  4. Litecoin
  5. Ethereum
  6. LALA Token
  7. 0X
  8. Binance
  9. Basic Attention Token
  10. OmiseGo
  11. TrueUSD
  12. Tron
  13. EOS
  14. DAI
  15. Lisk
  16. Polymath
  17. ZIL
  18. AE
  19. CVC
  20. GNT
  21. REP
  22. DGD
  23. MCO
  24. KNC
  25. MITH
  26. PPT

Arax also offers various in-app services including mobile bill payments & recharges via cryptocurrencies. We also offer instant cryptocurrency conversions, and remittance (to be live soon). You can also send crypto with its industry-first feature “Near By” via GPS instantly. It is a single storage app for multiple digital assets that gives each user true immutable ownership.

We are making every effort to bring the best services to our users and expand our partnerships. Follow us on our social media channels for more updates. We extend our heartfelt gratitude for your undying love and support.

Best,

Team Arax

 

Join Us:

Telegram– https://t.me/LaLaWorld

Twitterhttps://twitter.com/mylalaworld

Website– arax.io

Announcing World’s First Token Merger – Building A Single Massive Utility Token With Arax And Coss

Arax and Coss merger

Two different entities, excelling in their domain and presenting the world with unique, high-end features, exceptional customer service, and seamless user-interface, decide to become one. The Crypto-verse has been witnessing new and thrilling developments each day, but it has yet to see a massive merger of two utility Cryptocurrencies and companies, resulting in the creation of one of the largest crypto ecosystems out there.

“Always dream and shoot higher than you know you can do. Don’t bother just to be better than your contemporaries or predecessors. Try to be better than yourself.”William Faulkner

We are delighted to announce that COSS and ARAX are coming together to form a massive utility token by merging all their existing tokens & its various use cases. The combined entity will have a large existing user base, a community that has supported us from day one, multiple use cases and an unparalleled team that continues to deliver.

Over the last 18 months, it has become evident that as blockchain goes mainstream, there is a huge opportunity for companies that focuses on building communities and mass adoption. Coupled with day to day utility of tokens and real-life use cases, this merger of tokens and our companies’, puts us up together with the top blockchain corporates of the world.

Arax and coss partnership

 

And yes, you might guess it already from the picture above. ONE MASSIVE SINGLE token across multiple platforms will be introduced. It has taken months of preparation behind the scenes to create this massive multiple-token utility ecosystem right, and most importantly, to make sure our community and users win first. Rune and Sankalp and both our teams have been working tirelessly as you can see from recent product releases, updated versions and several global partnerships announced recently.

We are now talking about COSS, as one of Asia’s most reputed exchanges, syncing and merging with ARAX, the multi-purpose universal crypto wallet. Don’t take our word for it, but just wait for us to release more. With immense planning in the back end and a lot of balls in the air, we are prioritizing and will be formally announcing everything in the month of May.

Arax and coss 2nd

Bringing together and creating an ARX Ecosystem has some distinct advantages from day one. This new ARX Master Token is created by combining an existing universal crypto wallet, one of Asia’s oldest crypto exchanges, a soon to be announced DEX and several Apps and DApp partners with facilities like lending, staking, GPS based transfers, merchant App, etc. Some functionalities have already been integrated into the ARX Ecosystem in one way or another with an active and large user base. A quick rundown of the ecosystem:

  • Massive user base & one of the largest communities of blockchain enthusiasts
  • A host of products to create one of the largest product ecosystems consisting of Wallet, exchange, DEX, lending interest income, staking, several Apps and DApps
  • All synced by one mega token — ARX, providing multiple token utilities
  • Multiple Blockchains, coins, services, all in one Wallet, one exchange and one token
  • Digital identity for everyone — @Arax Name, Single QR code for ease of transfers and KYC & Scores based on a 5-star rating
  • 50+ Global Partners — leveraging existing strengths & strong distribution infrastructure
  • Adding new products at a much faster pace than anyone like insurance, DApps, Cards, gift cards, etc. to create massive token value and one of the largest token ecosystems
  • Low marketing costs, local connections and global knowledge, with a focus on user base and adoption

Some of the other fascinating features that we have been working together on top of the above-mentioned products include the following. Please note, a concrete roadmap and a release schedule will be announced in May. Below gives you a good glimpse of what our ARAX and COSS family future might look like and what our teams have been working together on for the last few months. This is no less than spectacular and we are immensely proud of both teams.

  • Existing tokens, their utilities, and their benefits will all transfer to the new ARX token. No one loses. IN fact there would be some distinct advantages to the community for holding them and supporting us for such a long time.
  • A full launchpad for IEO’s synced not only on the exchange but a wallet as well. Ready and being prepared to launch soon
  • Lending via partners integration — integration is on and soon you will be able to earn interest on your coins. Not many wallets or exchanges offer this service.
  • Staking solution — with multiple coin staking with one click on the wallet. This is being built but proper dates will be announced along with full roadmap in May
  • Merchant QR code based App for offline acceptability. Single QR code from Arax Wallet to single QR code in ARAX Merchant APp transfers. This is being built but proper dates will be announced along with full roadmap in May
  • E-Academy and training. Ready and being launched soon
  • Single sign-on and synced balances between platforms, free and instant deposits and withdrawals between ARAX wallet and COSSexchange. A lot of planning and brainstorming behind this to make sure the community enjoys maximum benefits by being on one ARX Ecosystem.
  • OTC Trading and institutional logins. Working on this with partners. This is being built but proper dates will be announced along with full roadmap in May
  • GPS Based Transfers — Already live along with crypto to crypto transfers
  • Referrals and rewards program for the entire community with Single Sign-on functionality synced across all platforms. Already live on Wallet. More rewards to be added soon.
  • DApps store of various DApps that users can vote and choose from. Starting with a full DEX, with all ARX smart contract functionality, a host of DApps are planned to be built by ourselves as well as partners that have great products.
  • Fiat to crypto and crypto to fiat. This is case by case and jurisdiction by jurisdiction,
  • Gift card solutions across the partner ecosystem
  • Mobile top-up recharging and hotel bookings. Recharges are live. Hotel bookings coming soon.
  • A unique identifier on the ARAX wallet so you can store the token safely there and still accumulate your FSA across the platforms.

A full ecosystem that realizes our vision of activating the full potential of a Crypto One Stop Solution for mass adoption. Over 50 partnerships across multiple industries and blockchain products already established.

Arax and coss 3

Are we stopping there? Oh no! We have already planned the road ahead through international expansion and multi-purpose functions & licenses to be added. Rome was not built in a day but there is a belief that we can now make this into the largest utility token Ecosystem. We will not rest and we need your continuous support now more than ever.

Arax and Coss 4

Here is a sneak peek of our roadmap. Have in mind that in this fast-paced industry, any roadmap is a living document and obviously subject to changes. This is a preliminary roadmap and it will be adjusted as we get closer to master token launch.

Arax and Coss 5

How will the merger work and what does this mean for the community?

What does the token merger mean? Are we excited? Super excited. Have we been working tirelessly? Yes of course. While this is a preliminary announcement for our community, one might ask how does this merger of tokens work and what does it mean for existing tokens and token holders? Allow us to explain:

  1. All existing tokens will be swapped into the new token on a date to be announced soon.
  2. Swap ratio for each token will be announced closer to the actual swap date.
  3. Till then, it’s business as usual. The community doesn’t need to do anything for now except support us like you always have.
  4. All FSA, referrals, transaction discounts, trading fee discount and any new features will exist in the new token. CossX, the new DEX will also have 50/50 FSA and a 25% discount on trading fees by using the new token. Just like the existing token.
  5. All we are doing is creating a single token to be used across multiple utilities in one Ecosystem. An ecosystem that already exists. We are carefully planning and focussing on execution now.

We are fully aware that maybe more questions than answers have been raised through this pre-announcement, but bear with us: we will keep you posted along the way.

We aim to have most of the above covered during the month of May via more formal announcements and timelines, along with an official press-release during May 2019. Stay tuned for more news and our official press-releases soon to come.

Follow our official channels for more information. Please understand that our staff won’t be able to go into details on any questions related to this merger until official statements have been made from the companies.

We really do believe that this is a first step to build something massive, something more meaningful as one of the real utility ecosystems with several utilities at the same time. There is a lot of work ahead of us, but it’s time for us to build something big — together.

Kind regards

Sankalp Shangari & Rune Evensen
Co-founders and Co-CEOs of Arax Capital

Mithril (MITH) is now live on ARAX

Mithril (MITH) now live on ARAX

Hello Community,

We are making your preferred Arax Crypto Wallet a bit more Universal today.

All the MITH users, its time that you get excited because Arax will now be open to you all for storing, sending, receiving and exchanging your tokens.

About MITH

Mithril is the digital token of a decentralized ecosystem that has changed the way social media works. This Blockchain-based project pays its users for curating content when social media is overlooking its next stage that will include both user-privacy and user payments.

In the beginning, it employed the Ethereum Blockchain to generate an app ecosystem that rewards MITH tokens to social media content curators. The founder of MITH, Jeffrey Huang, believes that social content shouldn’t only be used as advertising fodder. The content curators should be the one being profited from their content.

About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have successfully integrated 14 new coins. We now support 25 cryptocurrencies across 7 Blockchains.

At present, Arax is supporting the below-mentioned coins:

  1. Bitcoin
  2. Stellar
  3. Ripple
  4. Litecoin
  5. Ethereum
  6. LALA Token
  7. 0X
  8. Binance
  9. Basic Attention Token
  10. OmiseGo
  11. TrueUSD
  12. Tron
  13. EOS
  14. DAI
  15. Lisk
  16. Polymath
  17. ZIL
  18. AE
  19. CVC
  20. GNT
  21. REP
  22. DGD
  23. MCO
  24. KNC
  25. MITH

Arax also offers various in-app services including mobile bill payments & recharges via cryptocurrencies. We also offer instant cryptocurrency conversions, and remittance (to be live soon). You can also send crypto with its industry-first feature “Near By” via GPS instantly. It is a single storage app for multiple digital assets that gives each user true immutable ownership.

We are making every effort to bring the best services to our users and expand our partnerships. Follow us on our social media channels for more updates. We extend our heartfelt gratitude for your undying love and support.

Best,

Team Arax

Join Us:

Telegram- https://t.me/LaLaWorld

Twitter- https://twitter.com/mylalaworld

Website- arax.io

Kyber Network (KNC) is now live on Arax

Kyber coin

Hello Community,

We know you await these announcements when we announce the next coin that will be added to the Arax family.

Our excitement increases with the response we receive from you all. This time, I am sure there will a little louder cheering from all the KNC coin holders. Without any doubt, we are ending this week by adding KNC to the list of Arax supported the coin.

Now, all the Ara users will be able to store, send, receive and exchange KNC coins along with their other favorite cryptocurrencies.

About KNC

Kyber Network is an Ethereum network based on-chain protocol that facilitates instant exchange and conversion of cryptocurrencies with high liquidity like Ether, Bitcoin, etc. Kyber Network is one of the first runners when it comes to a system that implements multiple ideal operating properties of an exchange. These are inclusive of trustless, decentralized execution, instant trade, and high liquidity.

Kyber Network also serves as a payments platform that utilizes payment APIs to facilitate receiving of payments for Ethereum accounts from any crypto tokens.

Kyber Network Coins is the link that associates various participants in the Kyber Network ecosystem. These participants are inclusive of bot liquidity contributors as well as various entities that leverage on the liquidity network.

About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have successfully integrated 13 new coins. We now support 24 cryptocurrencies across 7 Blockchains.

At present, Arax is supporting the below-mentioned coins:

  1. Bitcoin
  2. Stellar
  3. Ripple
  4. Litecoin
  5. Ethereum
  6. LALA Token
  7. 0X
  8. Binance
  9. Basic Attention Token
  10. OmiseGo
  11. TrueUSD
  12. Tron
  13. EOS
  14. DAI
  15. Lisk
  16. Polymath
  17. ZIL
  18. AE
  19. CVC
  20. GNT
  21. REP
  22. DGD
  23. MCO
  24. KNC

Arax also offers various in-app services including mobile bill payments & recharges via cryptocurrencies. We also offer instant cryptocurrency conversions, and remittance (to be live soon). You can also send crypto with its industry-first feature “Near By” via GPS instantly. It is a single storage app for multiple digital assets that gives each user true immutable ownership.

We are making every effort to bring the best services to our users and expand our partnerships. Follow us on our social media channels for more updates. We extend our heartfelt gratitude for your undying love and support.

Best,

Team Arax

Join Us:

Telegram- https://t.me/LaLaWorld

Twitter- https://twitter.com/mylalaworld

Website- arax.io

MCO is now live on Arax

Hello Community,

Its that time of the week again when we announce the new coin integration in our Arax Crypto Wallet. I know you all are excited to know if your coin is the new addition in Arax supported cryptocurrencies.

Well, if you are MCO token holders, then you have all the reasons to get excited because Arax will now be supporting your coin. You can now enjoy all the unique and new age features of Arax and store, send, receive and exchange MCO tokens in the crypto wallet.

About MCO

MCO is an ERC-20 cryptocurrency which is native to Crypto.com. Crypto.com was previously known as Monaco and was rebranded in June 2018 after spending an estimated $10 million.

It is a Blockchain based company that offers mobile wallet app and prepaid MCO Visa cards to facilitate buying, selling, trading and spending of cryptocurrencies. These include Bitcoin and Ethereum, and fiat currencies like dollars and yen.

A wide variety of recognized cryptocurrency exchanges accept MCO. These exchanges include Bit-Z, Binance, Bithumb, Cashierest, OKEx, Upbit, Bittrex, ABBC, and Huobi. MCO tokens worth more than $15 million are traded on a daily basis.

About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have successfully integrated 12 new coins. We now support 23 cryptocurrencies across 7 Blockchains.

At present, Arax is supporting the below-mentioned coins:

  1. Bitcoin
  2. Stellar
  3. Ripple
  4. Litecoin
  5. Ethereum
  6. LALA Token
  7. 0X
  8. Binance
  9. Basic Attention Token
  10. OmiseGo
  11. TrueUSD
  12. Tron
  13. EOS
  14. DAI
  15. Lisk
  16. Polymath
  17. ZIL
  18. AE
  19. CVC
  20. GNT
  21. REP
  22. DGD
  23. MCO

Arax also offers various in-app services including mobile bill payments & recharges via cryptocurrencies. We also offer instant cryptocurrency conversions, and remittance (to be live soon). You can also send crypto with its industry-first feature “Near By” via GPS instantly.

It is a single storage app for multiple digital assets that gives each user true immutable ownership.

We are making every effort to bring the best services to our users and expand our partnerships. Follow us on our social media channels for more updates. We extend our heartfelt gratitude for your undying love and support.

Best,

Team Arax

Join Us:

Telegram– https://t.me/LaLaWorld

Twitter– https://twitter.com/mylalaworld

Website– arax.io

Connect with us – Arax

You can reach the Arax Crypto Wallet team and stay updated about all our latest events and activities by following us on our social media channels. We keep our users posted using the below mentioned social media accounts.

In case the account followed by you is not mentioned below, then please report that account since it is not a part of official Arax account.

Like, follow, share and be a part of the Arax family. We are looking forward to having you on board.

 

Twitter: https://twitter.com/AraxApp

Facebook: https://www.facebook.com/AraxApp/

LinkedIn: https://www.linkedin.com/in/araxapp/

Instagram: https://www.instagram.com/araxapp/

Reddit: https://www.reddit.com/r/Araxapp/

BitcoinTalk: https://bit.ly/2TA5mGR

Telegram: https://t.me/LaLaWorld

LALA World join hands with FIO

LALA join hands with FIO

LALA World is joining hands with the Foundation of Interwallet Operability (FIO) and we are excited for the journey ahead together.

Team LALA & Arax is establishing alliances with like-minded organizations to accelerate the outreach of Blockchain and its potential to instill ease of use, improved traceability, reduced cost, speedy transactions along with securely storing the digital coins & tokens.

LALA World is building a single-most powerful and trustworthy universal ecosystem with its  Arax Crypto Wallet.

Arax is a multicurrency wallet that enables ease of control for all your digital assets. It supports 17+ coins and 7 Blockchains in 160+ countries. Some of our most momentous features are:

  • Crypto transfer via GPS with ‘Near By’ feature
  • Supports multiple blockchains
  • One-stop manager for your cryptocurrency portfolio
  • Facilitate utility bill payments and mobile recharges via crypto
  • Stay on top in crypto-verse with regular crypto news updates

Arax & LALA are connecting with some of the world’s most popular wallets and exchanges, Coinomi, BRD, ShapeShift, Edge, Mycelium, Trust Wallet, Infinito Wallet, KeepKey and MyCrypto  as an Affiliate Member of the Foundation for Interwallet Operability (FIO).

“With this partnership, LALA World is looking at an ally who shares the mutual vision of expanding Blockchain adoption among various sectors. Particularly, we will be conjointly working towards the aim to increase crypto adoption around the globe,” said Sankalp Shangari, CEO of LALA World.  

About FIO

The Foundation for Interwallet Operability (FIO) is a consortium of leading wallets, exchange, and crypto payment processors supporting the FIO Protocol — a decentralized Service Layer that removes the risk, complexity, and inconvenience of sending and receiving tokens and coins identically across every blockchain.

The FIO Protocol is not a wallet and does not compete with other blockchains, rather, it makes the user experience better across every wallet and every blockchain.

We are looking forward to more such partnerships that’ll greatly benefit our users.

Thank you,

Regards

Team Arax

DigixDAO (DGD) is now live on Arax

Coin now live

Dear Community,

We know by now you must be eagerly waiting to know which new coin is being added in the Arax Crypto Wallet.

Without taking much of your time, I will break the news to you. This week, all the DGD token holders will be elated to know that they can now avail all the intriguing services of Arax Crypto wallet. You can now store, send, receive and exchange your DGD coin along with 21 other cryptocurrencies from one single wallet.

About DGD

DigixDAO or DGD coin is different from the usual cryptocurrencies as they are backed by real gold bars. These gold bars are used as a trading block by the digital token. DGD aims to simplify the ownership of gold assets while instilling stability in the crypto ecosystem by backing each coin with real gold.

The benefits of DGD coins are not just limited to this but also extend to the voting rights that each coin holder possess. The coin holders can vote on proposals regarding the governance of the DigixDAO Ecosystem.

The DGD holders are also enabled to claim rewards on transaction fees in the form of DGX token on the Ethereum Blockchain. In the case of DGX coins, every token represents a gram of real gold.

About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have successfully integrated 10 new coins. We now support 22 cryptocurrencies across 7 Blockchains.

At present,

Arax is supporting the below-mentioned coins:

  1. Bitcoin
  2. Stellar
  3. Ripple
  4. Litecoin
  5. Ethereum
  6. LALA Token
  7. 0X
  8. Binance
  9. Basic Attention Token
  10. OmiseGo
  11. TrueUSD
  12. Tron
  13. EOS
  14. DAI
  15. Lisk
  16. Polymath
  17. ZIL
  18. AE
  19. CVC
  20. GNT
  21. REP
  22. DGD

Arax also offers various in-app services including mobile bill payments & recharges via cryptocurrencies. We also offer instant cryptocurrency conversions, and remittance (to be live soon). You can also send crypto with its industry-first feature “Near By” via GPS instantly. It is a single storage app for multiple digital assets that gives each user true immutable ownership.

We are making every effort to bring the best services to our users and expand our partnerships. Follow us on our social media channels for more updates. We extend our heartfelt gratitude for your undying love and support.

Best,

Team Arax

Join Us:

Telegram- https://t.me/LaLaWorld

Twitter- https://twitter.com/mylalaworld

Website- arax.io