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.
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:
- To issue sub chains
- Dividend interest
- Credit and mortgage system
- Distributed asset exchange
- Distributed voting and governance system
- 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.
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:
- LALA Token
- Basic Attention Token
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.