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lalaworld

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/

How ‘Nearby’ feature is revolutionary for crypto wallets?

Nearby

Location-based discovery is quite popular and useful in various applications these days. There are quite a number of apps with the nearby feature that we use every day. These include Google Maps to explore near-by places and social media and messaging apps to locate nearby friends. They also include payment applications to list nearby merchants. It has proved to be revolutionary for all these platforms as it creates an open network effect. In that network, we get the ability to discover new places, people, and stores.

Now imagine if you get the same feature to discover people and stores that accept cryptocurrency around you. That’s what you can get on the Arax cryptocurrency wallet. This Nearby feature lets you discover the Arax users around you to send and receive your crypto assets. It is just like Google Pay’s Tez mode which lets you discover the nearby merchants and users who are ready to accept or send payments.

The payments space for traditional currency never worried itself about the acceptance. For them, the only barrier was adoption. However, when it comes to crypto assets, the wallet companies are figuring out adoption as well as acceptance. The nearby feature will help us discover that the acceptance of cryptocurrency has grown significantly in the past few years.
The nearby feature is revolutionary for a crypto wallet for a number of reasons.

GPS solves the hassle of wallet addresses

The process of making a cryptocurrency transaction has always been a pain. First, you need to send your wallet address (which is a lengthy key that no one can remember) to the sender using a third-party messaging app. On the other side, the person will copy and paste the address key to initiate the transaction. Soon, the introduction of QR codes that can be scanned for transferring, made it easier.

The Nearby feature simplifies the transaction process to the bone. On the Arax wallet, the sender just needs to switch the Nearby feature to “Send” and the app will list nearby wallets that are ready to receive the payment. Just enter the amounts, select the receiver from your nearby users and initiate the transaction. This brings down everything into three steps.

Redefining Peer to Peer

Everyone understand that P2P transaction is a huge plus. It is one of the defining characteristics of Cryptocurrency. Till now all we could do was make a transaction through some complicated Decentralized wallet for P2P transfer. In that setup, the users cannot perceive the importance of peer to peer transactions. With the nearby feature, the users can experience the power of peer to peer transactions in real time. The fast transfer and low transaction fee will also play a role in catalyzing the adoption.

Endless possibilities

The possibilities that nearby feature opens up for P2P transactions are endless. It can help people cut the offline payment lines by making payments at the point of sale without standing in a queue. Tipping, paying for entry charges, toll plazas are some examples of time taking offline transactions. All these transactions at the point of sale will benefit from the Nearby feature in the long run.

The Nearby feature is going to help the crypto investors and holders too. Now anyone can easily discover the adoption and acceptance of cryptocurrency around them. The instant transfer of assets by locating the nearby wallets will also add to the ease of use. Features like these are great and with time we’ll see more innovations on the features and user experience too.

The news on technological advancements has dominated the Blockchain space for too long. We know that most of the technological advancements still go under-reported, but it’s time we shift our focus. Covering the updates that only tech people understand is costing us adoption.

We are bringing up updates that are important for everyday users of online payments and wallets. Such updates will steer the probabilities towards mass adoption of cryptocurrency. With time, the adoption will move forward from the basic utility payments (for example mobile recharge). With such features, we can expect the next wave of adoption in smaller retail markets and offline shops.

Zilliqa is now live on Arax

Zilliqa

Dear Community

Arax Team has expanded its platform a little more by adding another coin in its list of supported cryptocurrencies.

We have good news for all Zilliqa (ZIL) crypto token holders! You can now store, transact and exchange your favorite ZIL coin in your Arax Crypto Wallet.

Arax managed to stay true to its promise of adding new coins and tokens to its growing list every week. This week is no different and we are bringing to you what we promised, making our Arax Wallet a little more Universal.

About Zilliqa

Zilliqa is a cryptocurrency project that aims to make blockchains faster and more scalable. It uses sharding technology to streamline the consensus process so that Ethereum and other blockchains can host distributed applications or provide rapid transaction processing successfully. Zilliqa team proposed the theory of sharding in a paper in 2015, and since then this protocol has been under research, refinement and active development. In fact, this is the first ever Blockchain platform that has executed data sharding. It has also managed to accomplish a throughput of 2828 transactions per second in its test net.

The platform is among the few projects that seem to be gaining favor from different facets in the financial services sector. The throughput scaling of Zilliqa is almost linear. It ensures the growing capacity of the Blockchain platform that accommodates the growing demand.

About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. We had made a vow to our community to make new additions of coins every month. Staying true to our word, we have successfully integrated 5 new coins and now support 17 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 and now ZIL.

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 “Nearby” 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

 

How to buy LALA Token on CoinSwitch

CoinSwitch is the first mover as cryptocurrency and altcoin exchange aggregator. Several leading exchanges from across the globe are integrated with CoinSwitch that helps them provide competitive exchange rates to their users. Presently, over 400 cryptocurrencies are supported by them and they are in possession of 45000+ pairs to exchange.

CoinSwitch is now supporting LALA Token on its platform for trading. Click on the links to know more about LALA World and LALA Coin price prediction.

Below is a step by step instruction for beginners to learn how to purchase LALA Tokens.

  1. Select the preferred cryptocurrency like BTC on the left and LALA Token on the right. Enter the desired amount of LALA Tokens that you wish to exchange.
  2. Entering the amount will exhibit the current exchange rate. Now click on ‘View All Offers’ button to view the list of exchanges with the amount of LALA Tokens offered by each of them. Please note that the amount mentioned under this section will be different from the actual amount that will be transferred to you post conversion.
  3. Choose your preferred exchange or you can opt for the one recommended by CoinSwitch.
  4. Create your LALA wallet address in Arax App-Your Universal Crypto Wallet and provide the address to CoinSwitch. The LALA Tokens will be transacted to you in that wallet after order completion. Please remember to double check the entered address and don’t click the next button without reading the terms and conditions.
  5. Next, you will see the BTC address of the exchange where you will send the BTC from your wallet address.
  6. As soon as the BTC is received by the exchange, the conversion process to your LALA Token will be initiated. You can easily view and track your transaction details on our Blockchain with this link.
  7. Check your Arax Wallet to confirm the transaction completion and see your LALA Tokens. In some wallets, the received funds will be displayed after some additional confirmations. Please wait for your wallet to display the funds in such cases.

It is done! All you need to do now is enjoy the hassle-free experience of exchanging cryptocurrencies on CoinSwitch.

Arax partners with CoinSwitch

Dear Community.

LALA tokens are now fully supported by Coinswitch. Now exchange LALA instantly with various cryptocurrency pairs!

We are thrilled to announce our partnership with CoinSwitch to provide Arax walletusers with the instant swapping option with best rates while bringing the wallet to masses. This will facilitate the mutual growth of both the platforms and strengthening Arax’s in app exchange services.

Arax Android App is currently available in over 140+ countries worldwide, along with our industry first star feature ‘Near By’ through which user can send/receive cryptocurrencies via GPS to nearby friends instantly. Other services include mobile recharges via crypto, coin exchange, multi-blockchain integrations and many more upcoming along with much awaited loyalty rewards and a new iOS app as we move into new geographies. Currently, our Android app has crossed 5k downloads within one month of launch with 1,000 daily active users.

This partnership will benefit Arax users a lot as we integrate more coins, empowering the crypto owning population to convert their innumerable invested or airdropped coins/tokens into virtually any major cryptocurrency instantly.

“We have taken yet another step towards bringing best in class cryptocurrency services to our users via Arax and empowering them to build a more inclusive and exciting decentralized future”, said Sankalp Shanghari, CEO of LALA World.

About CoinSwitch

CoinSwitch provides users the ability to convert their cryptocurrencies across leading cryptocurrency exchanges with the best rates. It has an intuitive user-friendly interface and a wide offering of cryptocurrency pairs. For more information, please visit https://coinswitch.co.

Bringing positive changes to the masses has always remained our vision. We will strive and stride to achieve the same. We look forward to more such partnerships that will have a positive impact for our Arax users.

Enjoy Swapping!

Best,

Team Arax.

Polymath is now live on Arax

Dear Community,

Arax has taken another step towards making your crypto wallet more inclusive and universal.

Your feedback has encouraged us to make another effort towards expanding the inclusiveness of Arax. With great excitement, we bring to you another addition in the list of cryptocurrencies supported by Arax- Polymath Tokens.

About Polymath

Polymath platform uncomplicates the legal process of generating and trading security tokens. It is the creator of a new token standard i.e., ST20. The token enforces all the government compliance. ST20 tokens can only be in the possession of a “list of authorized investors and their Ethereum wallet addresses”. This implies that the token holders wouldn’t have to worry about the legal implications of their securities falling into wrong hands.

There are only 1 billion POLY tokens that will ever come into existence. The Polymath airdrop occurred on January 10th, 2018. Following this, around 240 million tokens were distributed among the participants. The rest of POLY tokens are reserved by the Polymath team for future use.

The Polymath Securities Token Platform is made up of three layers. These are an application layer, a legal layer, and the protocol layer which collectively ensure the compliance of your token. These layers reduce the complexities of legalities. Also, they limit the uncertainty of the securities and reduce the fees while enhancing the liquidity of assets.

About Arax

At the time of launch, Arax supported 12 cryptocurrencies and 6 different Blockchains (now 9). We added 2 more last month to keep our vow made to the community to add more every month via global community vote.

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

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 star feature “Nearby” via GPS without any fee. 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.

Thank You

Regards

Arax

Lisk is now live on Arax

Dear Community,

It is time for another announcement.

It is that time of the week when we add another member to our Arax family.

Arax-Your Universal Crypto Wallet welcomes Lisk coin as a new addition in the list of Arax supported cryptocurrencies. We are growing our reach and services for our valued users and hope that this new development will add to user satisfaction.

About Lisk

Lisk coin (LSK) is primarily utilized in the DApps created on the Lisk main chain. Lisk coin is not to be utilized as a mode of payment like other cryptocurrencies. It’ll only be used by developers who wish to use Lisk platform.

The decentralized app development platform enables app development in Javascript language. It makes them easily accessible by the public. It employs the concept of sidechains and a complete Software Development Kit (SDK). This enables developers to generate Dapps and various Blockchains with the primary Lisk platform.

Sidechains are individual Blockchains that operate free from external control. They are connected to the primary Blockchain without altering its speed and performance. Owing to this, the apps are truly decentralized and autonomous units operating with the Lisk Blockchain.

About Arax

At the time of launch, Arax supported 12 cryptocurrencies and 6 different Blockchains (now 9). We added 2 more last month to keep our vow made to the community to add more every month via global community vote.

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

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 star feature “Nearby” via GPS without any fee. 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.

Thank You

Regards

Arax