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SNT is now live in COSS Wallet

Status is now live in COSS

Hello, everyone.

We are expanding our list of supported assets by incorporating one more token this week.

Today, we have integrated Status Network Token SNT in the COSS Wallet app allowing users to store, send, receive, spend and exchange the cryptocurrency from one single wallet.

About SNT

Status is an open-source messaging platform and mobile interface to interact with decentralized applications that run on the Ethereum Network. It was launched in 2017 aiming to overcome what have become common problems today, faced by users, like loss of control over personal data and over-reliance on existing centralised financial and banking systems.

Status Network Token SNT, is the native token of Status which is used to fuel the Status Network. Status aims to be a hub for any type of Ethereum-related activity — it can be managing investment portfolios, paying in physical stores or verifying identity. It plans to act as a service provider for all the 1800+ tokens on Ethereum blockchain.


About COSS Wallet

COSS Wallet (previously Arax) supported 12 cryptocurrencies across multiple blockchains at the time of launch. Staying true to our word, we have now successfully integrated 20 new assets over a short period of time. We now support 32 cryptocurrencies, across 9 blockchains.

COSS Wallet also offers various in-app services including mobile bill payments & recharges via cryptocurrencies. We also offer instant cryptocurrency conversions and a unique feature to send crypto with a industry-first GPS-based “Near-By” feature. It is a single storage app for multiple digital assets that gives each user true immutable ownership, and we are currently building to add several financial services to the product.

We are making every effort to bring the best services to our users and expand our partnerships.

Join the community at our various channels :

Telegram Announcement Channel: https://t.me/COSSchat

Telegram General Discussion group: https://t.me/myCOSS

Telegram API/Bot Discussion group: https://t.me/COSSAPI

Chinese Telegram General Discussion group: https://t.me/myCOSSchinese

DACH Telegram General Discussion group: https://t.me/myCOSSdach

COSS Info channel (Community managed): https://t.me/COSSinfo2

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

Twitter : https://twitter.com/COSScrypto & https://twitter.com/COSSwallet

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

YouTube: https://goo.gl/hd6tBg

Team COSS

Message from the CEO — To new beginnings…

COSS CEO

“Patience is not about waiting, but how we act when things take longer than we expect.” — Paulo Coelho

This is my first address to the joint COSS community. I intend to try and deliver my thoughts to you every month.

I have been around in the blockchain industry since 2013, but more actively since 2015. By industry standards, one could call my team and me, crypto veterans. I was lucky to have left banking at JP Morgan and Deutsche just before that; pure luck, nothing genius here. Most of those early crypto enthusiasts were dreamers, hoping to change the world. Hoping that the entire world would quickly get on the decentralised bandwagon and we would see decline in Fiat usage soon. As things turned out, yes, they were dreamers, but not entirely wrong.

Greed reared its ugly head in the cryptoverse during 2016–18 which resulted in the crypto winter of 2018. Kudos to all of you who stayed (which includes most of you reading this), fought the winter, survived, and are now looking to better crypto days ahead. However, this period of uncertainty taught us some very valuable lessons.. Here are my brief, short takeaways, especially since 2015. The arrival of winter was certainly unexpected but we are glad we survived it and came out stronger. Like Rumi said, “The wound is the place where the light enters you.” So here I list our lessons learned from our wounds:

  • Buy and HODL works fine most of the time. As COSS exchange operates for traders, and COSS Wallet operates for HODLers, I believe in personally holding a larger portion of my holding in top currencies. Of course, this is no recommendation or advice and do read the disclaimer at the end.
  • Take profits when you need to make urgent expenses and prioritise your health and family first. Nothing beats that in the bigger scheme of things called LIFE. Life is a single player game and happiness is a personal choice as someone said it.
  • Altcoins and tokens with real usage and utility had a good ride during this winter. They would do well in the summer and next winter as well. Many come to mind but you are smart enough to judge which ones those are if you DYOR.
  • Stable coins are here to stay although they are just another form of Fiat currency and a temporary on/off ramp for fiat to crypto. From survival, we have reached existence, next is mass adoption. A crypto to crypto world would be amazing but then again, don’t be a dreamer. It’s still a distant reality. Be prepared but don’t lose sight of reality (aka health & family).
  • Mass adoption is coming and the biggest companies in the next 20 years could be some public or even some private Blockchain operators.
  • Homo Sapiens is a greedy species. JPM, GS, Facebook and other FAANGS of the corporate world would not be left behind. I am yet to decipher the nature of that beast and its impact. Our entire focus is COSS — along with how and where we place COSS to work alongside the big boys. And this time, Asian corporates with global clienteles, are equally ready, able and willing to fight back. We are preparing ourselves for the inevitable, but the future is filled with many unknowns.
  • Crypto wars will turn ugly when politics and nations get involved along with these corporations. China, Russia, the US, everyone would try to control BTC and the Libras of the world. These new crypto wars would be fascinating. COSS intends to be ready to take advantage as things turn.

There are many more smaller observations, but in light of these brief experiences, we are implementing our beliefs and experiences to create a new COSS — the new Crypto One Stop Solution ecosystem.

The world’s first token merger between LALA & COSS went live on 25th June. A new token contract was deployed after carefully reviewing the tokenomics for the COSS and LALA token, going through a lot of internal and external feedback, making sure our holders’ were listened to — and building with our mantra — Simple things first.

We took a step back, analysed what went wrong, what our strengths are, what our community wants, and we made a priority task list. Humbly, we started prioritising and delivering, about a month ago. While this list might look easy to the by-stander, there’s a lot of work that goes on behind the scenes.

  • A carefully planned and the most painless and seamless token swap process was delivered leading to a unified rebranding to Crypto One Stop Solution. The logo itself and the decision to come together to one name was not easy, Bois.
  • 0% maker fees was implemented and now we are working swiftly on introducing negative maker fees.
  • Simplifying the entire base and quote pair fee collecting structure in line while making things simple — both for the community, as well as ourselves
  • A lot of work in the backend in updating the FSA structure so users now receive only COS and ETH instead of collecting token dust
  • Review of our listing and delisting process, and putting together a new team in place for this. You will hear a lot more plans in the coming weeks regarding that
  • Completing the new IEO platform that would be launched soon, along with the world’s first IEO platform on the wallet — your own COSS Wallet synched for IEO participation
  • A continuous process of bug fixes and improvements for the stability of the exchange, code fixes, technical security and many other behind the scenes improvements.
  • Improved marketing efforts which also involves designing and implementing a referral program, PR activities, aligning marketing teams together, SEO/SMM improvements for better presence, etc.
  • Hiring and building an experienced team to fuel the ecosystem we are building. This is no small task and requires a lot of screening, interviewing, resources, traveling, etc. Looks simple, but isn’t.

We are all about a great product in the hands of a great community and a continuous process of taking feedback to incorporate where we can. The month of July is here! We are certain it is going to be a really good one! Allow me to give you highlights of what our focus is for July — in line with my mantra ‘community first and simple first’.

  1. Nodes and Bug fixes on COSS exchange
  2. Better liquidity with some specially designed programmes
  3. Negative maker fee details and implementation
  4. Simpler trading fee structure with new quote and base pairs
  5. New token listings based on community feedback, both for the exchange & wallet
  6. Work starting on a major new initiative on COSS Wallet as well that you will love
  7. New marketing campaigns to cover a larger universe and attract more users with innovative campaigns
  8. Focus on users & community — user growth, user support, products that users need, user feedback.

Much much more is happening at the backend that might not be visible but here are some highlights:

  1. Tech team integrations and coming together of teams was a humongous task
  2. Wallet system upgrade and security enhancements.
  3. Working with some governments and regulators to see where to take the next leap once we are stabilised over the next two-three months.
  4. A new super trader program that product, operations, and marketing are jointly working to create. No timelines for that yet.
  5. A COSSmonaut ambassador program to recognise our brilliant supporters in every country, reward them for their efforts and spread the COSS brand faster and more effectively across the world.
  6. Hiring for senior positions, people who have run exchanges before — the more the better. We need people who are smarter than me, and who have worked in this environment before leading to a fast-paced environment. Nirmal Ranga, joining us recently is one such addition who is already creating a huge impact.

Thanks for being here with us on this journey to make COSS great.

Regards,

Sankalp Shangari

CEO, COSS Group

DISCLAIMER: This announcement is not meant to be taken as investment, accounting, tax or legal advice or a recommendation to buy, or sell any security, digital asset or other investment, management product or service or pursue any investment strategy. This post is for reference only. It will not help you to “lambo” or “moon” or any other euphemism for unhinged speculation. It should help you to supplement your own analysis of the project’s commercial viability.

COSS 12th June 2019 Update

COSS LALA token swap

Dear members of the community, users and token holders –

This announcement will highlight two important things:

(i) Our brand and what we stand for

(ii) Much anticipated details of the token merger and swap process

Our brand

After a lot of internal deliberation and feedback from the community, we have decided to keep ONE BRAND IDENTITY — COSS — ‘Crypto One Stop Solution’.

We are branding all our products as — Crypto One Stop Solution or, as the world popularly knows us already, COSS. The name encapsulates our vision perfectly and that is what we will continue to work towards.

Here are the specifics:

  • The new merged token will have the ticker COS
  • The COSS Group website will be accessible at COSSgroup.com and will become our primary website
  • COSS.io will continue to be the home of our exchange
  • Arax Wallet will be rebranded as COSS Wallet
  • COSS Wallet will have a dedicated website on COSSwallet.com

A brand identity is an important aspect of a company. It encompasses our mission, reflects our drive to succeed, and helps us develop a unified brand image and marketing strategy. We wanted something that gives a nod to our combined legacies and yet points the way to a new future ahead. This is a process that requires careful design and thinking, and our new brand identity will be unveiled in the very near future.

The Token Swap Process

All COSS and LALA tokens will be swapped for your new COS token only onCOSS.io exchange. The swap commences on 25th June 2019 at 14:00 GMT+8.

The new ticker is COS to avoid confusion with existing COSS token contracts. The same will be listed on portfolio tracking apps, Etherscan, market tracking websites and everywhere else.

The swap ratios remain unchanged. You will receive:

  • Swap Ratio of COSS : COS = 1:1
  • Swap Ratio of LALA : COS = 10:1

Token Swap Details:

  • The swap will be done ONLY on COSS.io exchange
  • COSS and LALA tokens from other exchanges and external wallets MUST be deposited to COSS.io to swap the tokens to COS
  • Trading on COSS and LALA pairs will be halted on 24th June 2019. We will announce, in advance, the time when trading will halt and all open orders canceled
  • Withdrawals of COSS and LALA tokens will be disabled on 24th June 2019. The time will be announced. Deposits will remain unaffected.
  • FSA will be disabled from 25th June 14:00 GMT+8 to 01st July 2019, 14:00 GMT+8
  • COSS and LALA tokens in FSA wallets will be converted to COS tokens during the week commencing 01st of July, 2019
  • The swap will continue on COSS.io for at least 3 months from 25th June 2019. We shall announce if any further extensions to this window are to be made.

After you have swapped your COSS and LALA tokens to the new COS token, you can safely withdraw your COS token to an external wallet if you like or receive trading discounts on COSS as before by keeping it on COSS exchange. You will be able to accrue the Fee Split Allocation (FSA) by setting up your unique identifier on the external wallet as before. You will have to set up a new external identifier. The tutorial on our website will also be updated to walk you through the process.

Step by step swap instructions:

  1. Log in to COSS.io and go to COS Swap in the side panel
  2. Your COSS and LALA balances will be displayed, along with the total COStoken you will receive after the swap

3. Click on “Convert to COS” — a window will pop up with terms and conditions of the swap. Please check the box and confirm by accepting

4. You will now be able to see your new COS tokens in your COSS.io wallet

All done!

Your new COS tokens will have the following existing as well as additional utilities going forward:

  1. Fee Split Allocation (FSA) — all COS token holders receive a 50% split of the total trading fees COSS collects on a daily basis, based on their holdings.
  2. Trading Fee Discounts — traders can pay trading fees on COSS.io using the COS token to get a discount on the usual trading fee.
  3. COSS Wallet features, utilities, promotions and discounts — you will be able to utilise your COS and other balances on the COSS Wallet app to make GPS-based transfers, mobile credit top-ups, earn reward points and access a host of other features which are being built into it.

The new COS token combines the utility of what were previously two separate products with their own set of features into one super-token powering one ecosystem — the Crypto One Stop Solution ecosystem. We believe the COS token surpasses all existing exchange tokens in the market in terms of utility.

We would like to thank all of you for your feedback, support, and participation. The start of the COS swap marks the start of new initiatives and continued efforts to build and improve. Look forward to more new developments coming from us!

We will be in touch again soon.

Pro-Tips to safeguard your Cryptocurrencies

safeguard your crypto with arax

Among choosing the right cryptocurrencies for investing, right wallet, and ensuring proper security of digital assets, investors go through a lot of decision making. Most of their decisions are well informed, but when it comes to security, everyone is clueless.

The security side of cryptocurrency has a lot of information on the Internet. Still, it is hard for the users to narrow down on a single wallet or software to entrust it with all their valuable crypto assets. So, let’s talk about safeguarding your crypto by following these well-tested pro-tips.

  1. My crypto has been stolen, what can I do?

Honestly, all the crypto thefts cannot be recovered. In most cases, theft is a case of phishing, compromised private keys, redirecting users on fake websites, or API manipulations. In the case when your crypto assets are stored on a wallet or exchange and the theft is due to lack of security on their end, they’ll be liable for compensating the loss.

Most likely, you cannot do anything in that case.

  1. How the heck did crypto theft happen?

Over the years, the hackers and attackers have been developing new ways and that too at the equal pace with the blockchain security development. Phishing continues to remain the most common threat. You need to make sure of the reliability of the sources for crypto news along with the platforms for trading and storing the crypto.

Those who plan the phishing attack often plant fake links in emails or they may redirect the original website to their planned phishing site with a little change in the URL. You should always double check the URLs of the exchanges.

  1. Where should you store the keys?

The biggest mistake people make is of storing their private keys (passwords) in email or on online storage platforms like google drive. The emails and drives are prone to hacking if the attackers are aware of your crypto holdings. The best place to store your keys is your local computer.

You can also copy the keys in a file and store it in a USB drive. Keeping a USB drive handy seems too much work. However, just stick to this blog and we’ll simplify it for you so that you won’t need to go back to your USB repeatedly.    

  1. What if you lose your keys?

All of us have read news around how people lost access to Bitcoins worth millions of dollars. According to an estimate by Chainalysis (forensics firm that studies the bitcoin blockchain), 3.79 Million Bitcoins are lost on the Blockchain. Losing coins simply means that their owners lost the private keys (or master password) of their exchange or wallet. In some cases, they might have even lost their hard drive (cold wallets) on which they had stored their bitcoins.

In wallets like Arax, you have the option to keep one of the two keys safe, namely, Master password and private keys. In case you lose one of them, there is always an option to restore or recreate the other one, but no one will be able to help you if you lose both. It is the same as losing the keys of your car. However, the only difference is that you can break into the car but you can never break into a crypto wallet.

If you research more on the Internet, you’ll find a number of cumbersome measures to safeguard your crypto. But all that comes with the tradeoff with ease of use and your experience. No smart investor would like to spend hours jumbling with software, keys, and websites to get secure access to their own crypto.

On the other hand, they can opt for Arax global cryptocurrency wallet which comes equipped with industry grade security measures. All you need to do is securely store your Master Password on your local computer and remember the login pin.

Every single access to the wallet is granted by the 6 digit security pin which works as your login password. Even if your device and security pin gets compromised, the final transactions need to make use of the master password. As mentioned earlier, you cannot lose your master password, as that ties everything together.

So instead of worrying about the security of your crypto assets, just store them on your mobile wallet (preferrable Arax) and save your master password and private keys on a USB drive (or your computer). People expect crypto security to be as simple as resetting an email password.

However, wherever money is involved, we cannot be too lenient. With time, the wallets will come up with biometric passwords (fingerprint and facial recognition), but for the time being the rule of thumb is don’t trust any random platform with your crypto and store your keys safely (locally).

Augur is now live on Arax App

Augur live in Arax

Dear Community,

Just as promised at the time of launch, we are here with another announcement for you. We are so elated to see our Arax family growing and our platform becoming more inclusive.

Arax-Your Universal Crypto Wallet has now integrated REP coins. This is especially exciting for all those users who are a part of the Augur Decentralized Oracle System.  This integration will facilitate them to keep their REP coins safely in their Arax Crypto Wallet.

About REP

REP token is used to power the Augur Decentralized Oracle System which is a decentralized prediction market platform. This is developed on the Ethereum network and you can use this market to bet on the conclusions of future occurrences to win monetary rewards. The amount of rewards is dependent on the likelihood of the occurrence of an event. The less likely an outcome, the greater the reward for its successful prediction.

Augur generates real-time predictive data based on “The Wisdom of the Crowd” from predictors on the platform. Usually, this data’s accuracy rate is greater than the leading experts.

By Integrating Blockchain technology with the prediction community, Augur serves as a platform that is cheaper with fewer fees, more accessibility, and better accuracy as compared to other markets.

About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have successfully integrated 9 new coins. We now support 21 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

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

Telegramhttps://t.me/LaLaWorld

Twitterhttps://twitter.com/mylalaworld

Websitearax.io/

 

How Arax crypto wallet can be a tool for intelligent crypto investors

Arax-crypto-investor

When we talk about cryptocurrencies, we think of speed, efficiency, and peer to peer transactions. But lately, most platforms and wallets in the market do not reflect the same ideology. No one knows that better than the earliest adopters of the cryptocurrency, the investors. It is evident from the fact that every crypto investor is using two different wallets or exchanges to manage their assets and investment. And on top of that, the cryptocurrency exchanges make up a bad option for storing the assets for many reasons. Exchanges have access to your private keys. Also, they store crypto assets in hot wallets which are hard to trust due to their security vulnerabilities which have resulted in so many scams in the past.

All these factors bring us to the other option that most of the investors prefer for storing their cryptocurrencies i.e. wallets. Choosing a wallet is a hard task and the plenty of options in the market make it worse. The crucial factors that make a wallet stand out are cost, security, mobility, and convenience. The crypto wallets come with various options: hardware (physical) wallets, paper wallets, mobile wallets, etc. Each one has some trade-offs on one or two fronts among cost, security, mobility, and convenience. Also, finding one wallet that can provide you with every smart option is not easy. In search of a smart wallet, crypto investors have tried almost all the exchanges and wallets to find a platform that matches with all their needs.

Since smart investors understand the crypto market better, they have a knack for identifying a wallet for what it is worth. Above all, wallets are just tools that enable better management of crypto assets. All we expect from the crypto wallets is to store the coins safely and ease the transfer process. But, what if there is a wallet that enables you to do much more than that? A wallet that enables you to manage, access and transfer multiple coins with one master password. Also, it lets you pay your bills using crypto and keeps you updated on the latest news in the space. Meet Arax, a wallet to manage your crypto assets and a tool that does much more than expected.

Introducing Arax – Your Universal Crypto Wallet

Arax is a multi cryptocurrency wallet which supports 15+ top cryptocurrencies and can take care of all your needs as a crypto investor. It is purposefully built, keeping smart investing, portfolio management, and utility in mind. The biggest problem that many exchanges and wallets present is that they are cut off from traditional banking and fiat utility. And when investors use those wallets, they feel trapped in an isolated system. Arax is solving isolation for investors and at the same time keeping the benefits of crypto intact.

Here are some of the key aspects that will help you judge Arax better —

100+ Banks Supported

Dealing in crypto should not make people feel like they are laundering money or putting it in an unfamiliar isolated black box. In most wallets and exchanges, the integration and seamless transaction from banks is still missing. Arax will soon inherently support hundreds of banks so that you can send and receive money quickly and in real time. Also, the cryptocurrency transactions are faster than the bank transactions. So you will be able to make use of Arax wallet as an intermediary to manage your funds along with crypto. That is how this wallet manages to pull off the best of the two worlds in the land of finance and investing.

One password for multiple coins

Arax natively supports 17 different types of tokens and coins, making it one of the most versatile wallets. Imagine if you want to invest in ten different cryptocurrencies through different exchanges. Managing all of them can become pretty hard. But, Arax wallet can be your perfect tool to keep them all in one place.

Those who’ve dealt with multiple currencies and wallets know the pain of safely managing multiple private keys and passwords. A lot of people still store their keys and passwords on local computers in documents or on online drives. All those options are unsafe and require a lot of efforts. Using a master password, you will be able to ensure that all important account activity is always authorized and under your control.

Self-custody for security

Centralized exchanges are the worst when it comes to the safety of wallets. For maintaining liquidity over their platform, they keep all the crypto in hot wallets for ensuring faster buy/sell. Thus, they make use of the assets owned by individuals in transactions, just like traditional banks invest individually owned money in the public sector. The exchanges are prone to attacks and often became the cause of loss of public trust in cryptocurrency. The Arax wallet doesn’t take the possession of your master password. Users have an option to download their private keys and take complete ownership of their assets.

Convenience

The entire industry clung to dark colors, hard to understand graphs, a lot of numbers, and made crypto look like rocket science. But we don’t want complexity to hinder the process of investing, managing portfolio, and keeping track of all our assets. The fact that investors and crypto enthusiasts understand the technology doesn’t mean that the complex interfaces assist them. Arax is clean, kept in the most important features and functions, and caters to the need of new people entering the crypto too. The user interface makes it clear that this tool is for improving our experience with crypto and not for complicating it.

Bill payments and recharges

In the Arax wallet, your crypto doesn’t lie dormant and useless. You can use your cryptocurrencies to pay for your utility bills, mobile recharges and much more. These real use cases take the crypto a step closer to the experience we get on fiat wallets. Leverage the power of Arax and use your cryptocurrency to pay various bills.

Lowest exchange rates

Low transactions rate is one of the most lucrative features in cryptocurrency. Still many wallets and exchanges eat up a significant amount in the transaction fee. Arax enables the fast and seamless exchange of one cryptocurrency with another at the lowest exchange rate in the market.

Inbuilt updates on cryptocurrency

Smart investing is all about keeping an eye on the ongoings in the market, new launches, and new regulations. Arax gives you updates on the cryptocurrencies right in the wallet to help you stay informed and connected with the ecosystem.

Investing in cryptocurrency and managing them is a demanding task, but not when you use the right and smart tools. Picking up the correct wallets can be a game changer for many crypto enthusiasts and investors. Arax is still under development and the roadmap ahead is set to bring more utility payment options, more coins, and better experience.

Intelligent crypto investing starts with intelligent tools, and Arax is a complete platform for keeping up with your portfolio and managing your assets smartly. With support in 162 countries and options to send and receive money from family, friends, and associates in a simple and reliable manner, Arax stands out among all the available wallets out there. Give it a try today!

Golem is now live on Arax App

Golem live on arax

Hello Community,

We are here with another announcement in our kitty. This one will especially excite all the GNT coin holders.

We are steady on our promise of integrating new coins in our Arax App every week. This time, it is the GNT coin which is being added to the Arax family.

We have made Arax a little more Universal by facilitating our users to store, send, receive and exchange GNT coins along with 19 other cryptocurrencies.  

About GNT

GNT coin is an ERC20 Token used to avail the services of Golem. Golem is the name given to the global, decentralized supercomputer which amalgamates the computing power of every machine that is associated with its network.

The Golem ecosystem allows loaning out of the unused computer resources to those who have a requirement of additional power to perform complex computations and tasks.

If you are a provider, you can only set the renting price in GNT. The prices are set by the providers which will eventually find equilibrium since Golem is a marketplace. GNT is also required by the provider as the deposits and application registry are done with GNT.

About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have successfully integrated 8 new coins. We now support 20 cryptocurrencies across 7 Blockchains.

Arax now supports Bitcoin, Stellar, Ripple, Litecoin, Ethereum, LALA Token, 0X, Binance, Basic Attention Token, OmiseGo, TrueUSD, Tron, EOS, DAI, Lisk, Polymath, ZIL, AE, CVC, and now GNT.

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

 

Telegram- https://t.me/LaLaWorld

Twitter- https://twitter.com/mylalaworld

Website- https://arax.io/

Arax- Our March Forward, #15th Monthly Roundup.

Arax march roundup

Dear Community,

The past month was a march forward in the continuous development of Arax. It was all about designing product strategies, new coin integrations, important partnerships and chalking out the top product & services that should be made available for all the Arax App users to enjoy their preferred digital assets.

The team managed to accomplish what was planned for last month and we are happy to see the results. Let us take a quick look back.

Arax Integrates New Coins & Tokens

Consistent and new coin integrations for Arax have been really important this month. The team officially delivered DAI (MakerDao Stablecoin), Lisk, Polymath, Zilliqa, and Aeternity coin integrations in the Arax Wallet successfully taking the tally to 18. Allowing all our wallet users to store, send, receive and exchange five new coins, all from a single wallet.

Arax Coin winner

Arax Partnered with CoinSwitch

Arax established a valuable partnership with CoinSwitch in March. CoinSwitch provides users the ability to convert their digital assets across leading exchanges through its intuitive user-friendly interface, offering a wide variety of cryptocurrency pairs.

This partnership will benefit Arax users a lot as we continue to integrate more coins, facilitating the mutual growth of both the platforms and strengthening Arax’s in-app exchange services. Read more

Sankalp Shangari & Token 2049

Sankalp Shangari, Founder & CEO of LALA World, attended Token2049 in HongKong. This event was all about meeting important people, discussing valuable partnerships that would help in globalizing Arax Wallet.

There Sankalp met the “Made Man” Ian Balina, a superstar crypto Youtuber, Charlie Lee, Founder Litecoin, Bitcoin Economist Saife Dean and the team of Tron who were present there with a giant avocado. Their avocado definitely managed to grab a lot of eyeballs and became a big hit among the visitors.

Token 2049

Arax Winner Announcement

The first leg winners of the Arax inaugural campaign were announced in March, where 500,000 LALA Tokens were awarded. We kept our promises as the winners were successfully rewarded those tokens in their respective Arax Wallets making them joyous.

New Arax Website Released

We successfully released an all-new Arax Website for our users and community worldwide. It is complete with all the new information, news, upcoming and current features supported in Arax with a better user interface.

Festive Colors at LALA World

The month of March also brought with it an ancient traditional festival of “Holi” which marks the triumph of good over evil, celebrated with colors. For us, these different colors symbolized the colorful digital assets out there. These decentralized currencies will eventually make most of the centralized authorities irrelevant in the time ahead.

Arax holi celebrations

Arax Announced Bug Bounty Campaign

Mid-March, our Bug Bounty Campaign went live having exciting rewards for the winners. This was an initiative to seek help from the developer community along with the users to help identify any vulnerabilities in Arax. It allowed us to work on feedbacks shared and make more global communities acquainted with the decentralized Arax wallet.

Arax wallet since its launch has been well received by the crypto fraternity. Reviews & feedbacks from the communities makes it evident that this is a good product and people globally are using it. Arax reached its 5K+ download mark this month and that speaks volumes of its growing popularity.

Arax

With the start of spring, some new partnerships and new integrations bloomed for Arax & LALA. We are hoping the season continues to germinate new opportunities of collaborations and expansions. We are doing our bit to make crypto adoption a reality with Arax – Your Universal Crypto Wallet.

Stay tuned for more updates!

Best,

Team Arax

CIVIC is now live on Arax App

CIVIC

Dear Community

The season of announcements is not over yet. Here we are with another piece of news that will definitely thrill you.

This week, we are integrating CVC in Arax Crypto Wallet, a one-stop solution for all your crypto needs. This is another step towards making Arax a truly universal crypto wallet. Now you will be able to store, send, receive, and exchange CVC along with 18 other cryptocurrencies from your Arax Crypto Wallet.

About Civic

CIVIC is a secure identity management service. It facilitates real-time utilization of an individual’s identity after its one-time authorization.

Usually, a person needs to undergo the same verification and document submission process. This is done when they are necessitated to prove their identity. CIVIC changes this system by allowing you to reuse once verified data in places where CIVIC is accepted. This is known as CIVIC ID which will be used to verify identity for the service that the individual intends to use.

CIVIC infrastructure is based on Ethereum Blockchain network. This makes its native cryptocurrency CVC an ERC-20 token. This is a valued token which is an essential part of the business model of CIVIC. It serves as a medium of exchange whenever required.

About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have successfully integrated 7 new coins. We now support 19 cryptocurrencies across 7 Blockchains.

Arax now supports Bitcoin, Stellar, Ripple, Litecoin, Ethereum, LALA Token, 0X, Binance, Basic Attention Token, OmiseGo, TrueUSD, Tron, EOS, DAI, Lisk, Polymath, ZIL AE and now CVC.

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

Telegram- https://t.me/LaLaWorld

Twitter- https://twitter.com/mylalaworld

Website- https://arax.io/

Aeternity is now live on Arax

Aeternity Coin Live

Dear Community

We are not done yet with new coin integrations!

For this week, Arax- Your Universal Crypto Wallet is adding Aeternity coin to its list of supported coins. You heard it! Now you can securely store, send, receive and exchange AE tokens along with 17 other coins from one single wallet.

We stuck to our promise yet again and hopefully did not disappoint you. Let us remind you of the promise made by Team Arax to you at the time of launching Arax Crypto Wallet. We had made a vow to our community to make new additions of coins every month. Every week, we announce new coin integrations and for this week, it is AE coin.

About Aeternity

AE is gaining rapid commercial adoption since its launch. The popularity of this coin can be attributed to its advancements made on the technology front. It is leveraging and scaling the Blockchain technology of Ethereum.

Fundamentally, Aeternity is a decentralized open source digital-asset platform which operates on P2P technology. In totality, there are about 273.6 million AE tokens that are present in the crypto-verse. It utilizes the hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) & supports sidechains.

In fact, the mining of AE tokens is done from Decentralized RAM in place of GPU or CPU which facilitates decentralization.

About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have successfully integrated 6 new coins. We now support 18 cryptocurrencies across 7 Blockchains.

Arax now supports Bitcoin, Stellar, Ripple, Litecoin, Ethereum, LALA Token, 0X, Binance, Basic Attention Token, OmiseGo, TrueUSD, Tron, EOS, DAI, Lisk, Polymath, ZIL and now AE.

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

Telegram- https://t.me/LaLaWorld

Twitter- https://twitter.com/mylalaworld

Website- https://arax.io/