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.
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.
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.