As usual, Arax won’t go about the week without announcing another coin integration.
We are expanding our arena by incorporating an increasing number of coins every week and making ourselves more inclusive.
This time, we have integrated MKR in our Crypto Wallet App allowing all the Arax users to send, receive, store and exchange the cryptocurrency from one single wallet.
Maker or MKR is an Ethereum based token which is native to Maker project and is used as a governance token. The primary purpose of this token is to establish a line of decentralized cryptocurrencies which will derive its value from tangible and valuable assets like currency, gold, etc.
Essentially, Maker is a decentralized autonomous organization which was established with the aim of minimizing the price volatility of its own stablecoin DAI. However, the MKR is itself volatile. It is a utility token whose price rises with the increased utilization of DAI.
Arax, at launch, supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have now successfully integrated 19 new coins over a short period of time. We now support 31 cryptocurrencies across 9 Blockchains.
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.