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.
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.
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.