Arax – Our Transformation and New Beginnings Towards Growth. 16th Monthly Round-up

By May 8, 2019LaLa World

Dear Community,

April is symbolic of the arrival of spring, a time when everything is blooming and renewed. It is a time of full emergence and growth and that’s exactly how the month turned out for us. Arax completely resonates with the phrase, “April showers bring May flowers” as April has provided us with the gust that we needed to bloom and flourish.

The team managed to accomplish what was planned and looks forward to an eventful next month. Let us take a quick look back.

Arax & Coss.io Merger

The biggest news for the entire crypto community was made in this month of growth and expansion. Arax announced its merger with Coss Exchange which will also lead to the merger of the two tokens and form one master token called ARX. This merger marked the growth phase of the Arax community in conjunction with the Coss community. Read more

Arax coss partnership

Arax Partnered with FIO

April also brought some new partnerships as Arax partnered with 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. With this partnership, Arax is looking at an ally who shares the mutual vision of expanding Blockchain adoption among various sectors. Read more

New Coins & Tokens Integrations

New coin integrations for Arax have been really important and the team has been consistent at delivering to bring new coins to ARAX. Good project coins like Golem (GNT), Augur (REP), DigixDAO (DGD), Civic (CVC), Crypto.com (MCO), Kyber network (KNC), Mithril (MITH), Populous (PPT) and Waltonchain (WTC) were successfully integrated, taking the coins & tokens tally to 27 coins across 9 Blockchains. Allowing all our wallet users to store, send, receive and exchange nine new coins, all from a single wallet.

New coin integration

Arax at Various Summits

Arax was a part of Crypto Invest Summit 2019 which is one of the biggest rendezvous of Blockchain entrepreneurs, investors and developers, held at Los Angeles Convention Centre on 9th & 10th April. In addition to that Sankalp also represented ARAX at the 3rd International Blockchain Life Summit in Singapore on 23rd and 24th April 2019. Met a lot of important people at both the summits and there are few potential expansion partnerships being discussed.

Flagship LALA World App to be Discontinued

ARAX is the newest, meticulously designed and most accepted addition to the crypto community from LALA. LALA World was the foundation stone for everything we dreamt of achieving, making it a perfect case for mass adoption. Our spirits continue to remain high since our transformation from LALA Wallet to the new decentralized “ARAX Wallet”. As per the official announcement last month, the team will discontinue its flagship LALA Wallet today (7th May 2019) channelizing all its focus and energies in further development & expansion of now official wallet “ARAX”. We request you all to treat this as a formal announcement from the company.

Newsletter design

Arax Announced Bug Bounty Campaign

The second round of Arax Bug Bounty Campaign went live mid-April, having exciting rewards for the winners. Seeing a good response from the developer communities worldwide in the first edition, this was an initiative to further grow the Arax developer community along with the users to help identify any vulnerabilities in Arax. Making more global communities acquainted with the decentralized Arax wallet as it reached its 10K+ download mark this month. Speaks volumes of its growing popularity in this short span.

Round up post

April was a month of expansion and growth for the Arax Community. We are thrilled that our efforts are paying off and we are continuously expanding the wallet’s services and reach. We aim to move steadily ahead on this path and bring to you more exciting news and announcements.

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

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