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Binance Chain (BEP-2) is now successfully integrated in ARAX

Binance Chain

Hello Community,

We, at Arax Wallet, has got a piece of exciting news for you all. This time, Arax is not integrating a new coin in its wallet but a new blockchain. Yes, you read it right! Arax is adding Binance chain(BEP-2) to its Wallet increasing the total number of supported blockchain to 8 blockchains. This helps to store all the BEP-2 based assets in Arax wallet.

Integrating Binance chain in Arax allows users to store and trade other coins listed on Binance chain. Not just that, Arax Wallet will also be able to list all the coins supported by Binance chain, making our wallet a bit more universal. However, BNB Token is only supported by Trust Wallet and Arax Crypto Wallet till now.  

For those who are still unaware of Arax Crypto Wallet, we would like to introduce our wallet to you again.

Arax is a multi-currency wallet that offers a range of crypto-utility based financial services. Users can hold, send, make P2P transfers with a unique GPS feature and exchange their currencies with other cryptocurrencies using the wallet. All this is possible while having complete control over your private keys.

The wallet enables ease of control for all your digital assets. Supporting multiple blockchains, the wallet serves as a one-stop manager for your digital assets. Users can spend their cryptocurrency to make utility bill payments and to buy mobile credit in 160+ countries. The wallet serves as the bridge where cryptocurrencies meet real-world utility.
Arax currently supports 32 cryptocurrencies across different Blockchains.

Binance chain

Binance has achieved its goal of creating a Binance ecosystem with the introduction of Binance chain – a highly anticipated blockchain protocol aimed to support decentralized exchanges. BNB token will be used as gas on Binance Chain to assist network transactions.

Binance chain serves the purpose of being one market place that enables buying, selling, and exchange of cryptocurrencies in a decentralized manner. Binance chain will be focussing on the better performance, ease of use, transfer, liquidity, and trading of blockchain assets. Binance chain aims to provide new possibilities in the crypto arena and smooth flow of crypto assets in the future.

We are working day and night to bring new announcements for our users. Our efforts are driven by the aim of providing our users and community with best in class services and an all in one wallet which eliminates their need of maintaining multiple wallets.

For more updates, stay tuned!



Team Arax

Reconstructing to Transform and Consolidate Growth – #17 Monthly Roundup

Arax and COSS token swap

Hello Community,

May was a great month for both the teams at COSS & ARAX. Teams met formally, sat together to plan the road ahead for the transformation and growth of the “Industry first” Token Merger. This month saw some major developments and here is a quick recap of them all.

One Master Token for Arax and Coss

A major announcement was made regarding the future of COSS and Arax merger. COSS and LALA token swap was made official. It was declared that there will be one master token that will be used throughout the ecosystem. However, the supply of the new token won’t increase above the already existing 200M Coss tokens. Read more…

Arax COSS merger

New Coins & Tokens Integrations

New coin integrations for Arax have been really important. Each month the team has been consistent at delivering to bring new coins to ARAX. This month saw the addition of two more coins in the list of Arax supported cryptocurrencies. Arax App users can now send, receive, store and exchange Jet Coin and MKR tokens using their wallet taking the total tally to 32 coins across 9 Blockchains all from a single wallet.

Arax announced the launch of its iOS version

The iOS version for Arax Wallet was announced to the global community. It’s now officially available on the App Store for all iOS users. The team is sparing no effort to deliver a product that is secure and user-friendly. Arax ecosystem with its merger with COSS will further reinforce the utility of crypto assets, as the wallet will play a promising role in the mass adoption of the digital currency. Read more.

Pizza Carnival hosted by Arax

Arax planned its Bitcoin Pizza Carnival in the spirit of Laszlo Hanyecza and his first trade with 10,000 BTC for two Papa Jones Pizza. A contest was held that required the participants to guess what will be the BTC price on 30th May’19 at 4:00 PM Singapore Time. Along with that, they were required to share their quirky & creative Pizza selfies on Twitter, Instagram or Facebook tagging @AraxApp and using #BitcoinPizzaDay and #AraxPizzaCarnival. The winners were to get free pizzas for three months straight.

Arax Pizza BTC

Updated trading Fee & Trading Promo

COSS & Arax team jointly announced an updated trading fee which is set up to benefit the traders. The new trading fee structure saw the MAKER fees at 0 and the TAKER fees at 0,2% (0.15% with 25% discount function). This is a fixed fee with no tiers so ALL traders can enjoy this. Along with that A trading promo was kicked off for both COSS and LALA tokens prior to the swap event. Winners of the promos will win ARX* tokens once the swap concludes. Also, will support the KIN Mainnet swap as committed to all its users.

The month of May now past, the spirit of both teams continues to remain high and motivated. We are putting in our best efforts to bring to you best products, more services, real partnerships, and news that will benefit you and the entire crypto market.

We extend our heartfelt gratitude to our community for your undying love and support. The zeal to serve you is what keeps us moving forward. We will bring to you more updates until then stay tuned.


Team Arax

Arax 29th May Update

Arax COSS trading promo
  • 0% Maker fees is now live
  • Missing tokens from migration
  • Trading promos
  • KIN Mainnet swap
  • LALA and COSS token swap to ARX

0% Maker fees: successfully implemented 0% Maker fees on 27th May 2019. The exchange was put in maintenance-mode with an expected downtime of 1–2 hours and was back online in around 57 minutes.

With this update, we are one step closer to implementing negative fees.

To educate those who might not know, a Maker is defined as a trader who adds a (limit) order to the orderbook, thus, “making” a trade. Therefore, having a 0% maker fee is intended to incentivize users to create orders on the orderbook, which in turn creates a more active market.

On the other hand, anyone who trades directly from the orderbook becomes a Taker and pays 0.2% fees. Trading directly from the orderbook means placing your order against an existing entry in the orderbook.

When the maker places a limit order, the exchange locks the usual trading fee of 0.2%. The fee is released when the limit order is filled as a maker or canceled.

You get an additional 25% discount by enabling the option to pay trading fees with COSS tokens in Settings > Profile.

Missing tokens from migration: users have been facing a known issue regarding token balances missing from their account wallet after the migration to v1.2 in December 2018.

Tokens have been previously restored on a case-by-case basis. That is resource-intensive and our team is now working on a one time fix to resolve the issue for all users affected.

Your tokens are absolutely safe. The issue is due to an error in updating the virtual balances post the migration. It will be resolved.

If you are a user affected by this issue, please fill out the Google Form given in the link below. If you have already raised a support ticket, you don’t need to do anything; we have all the details we need. Users are advised to fill this form at the earliest.

Form for missing balances:

Trading promos:

We are kicking off a trading promo for both COSS and LALA tokens prior to the swap event! Winners of the promos will win ARX tokens once the swap has concluded.

The trading promo will run from 01st June 2019–00:00 GMT +8 to 15th June, 2019–23:59 GMT +8.

The promos will run separately for each token. The reward pool and distribution will be identical for both promos.

Here are the reward details for each token promo:

Reward pool: 25000 ARX tokens

Ranked Prizes: Top 10 traders

Random Prizes: 10 random traders

  • Rank 1 : 15% of pool + 1 Ledger Nano S + Arax swag + surprise gift
  • Rank 2 : 12.5% of pool + Arax swag + surprise gift
  • Rank 3–5 : 12.5% of pool + Arax swag
  • Rank 6–10 : 5% of pool + Arax swag
  • 10 random traders : 1% of pool

Rewards will be distributed post the token swap. Winners will be notified separately.

KIN Mainnet swap will support the KIN Mainnet swap as committed to all its users. Here are the details of how we will proceed:

  • Sunday 02 June, 2019–20:00 GMT +8 — Withdrawals & Deposits will be suspended
  • Monday 03 June, 2019–11:00 GMT +8 — Token swap commences
  • Monday 03 June, 2019–14:00 GMT +8 — We resume Deposits & Withdrawals

Please spread the word with the KIN community.

LALA and COSS token swap to ARX

We are all working hard towards the token swap of LALA and COSS tokens to the new merged token ARX.

The date of the swap will be announced in a later update.

HODLers and traders of the token can proceed with depositing their tokens to the respective wallets on to ensure that they are notified easily when the swap begins, and receive their new tokens seamlessly.

Please note again, the date of the swap will be announced at a later date. You may continue to HODL and trade the tokens where they are for now. Or you may deposit and continue to trade on

Until then, HODL! 🙂

Its official – Arax is now live on iOS! Download Now!

Arax iOS launch

Arax team is ready with another announcement for the community. The Arax Wallet is now officially available on the App Store for all iOS users. Download it here.

Currently, the Arax iOS version supports 30 digital assets across seven different Blockchains. Every week more coins and blockchains are being integrated into the wallet.

The blockchains and tokens supported by the Arax are user favorites and the most preferred ones. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Stellar (XLM), LALA Token, COSS,  Binance (BNB), OmiseGO (OMG), TrueUSD (TUSD) to name a few.

For those new here, Arax is a universal crypto wallet that serves as a customized solution for some of the most important use-cases within the crypto-verse. The Arax Wallet is being built with unique features that provide all the benefits of an online wallet, without any of the associated security risks.

Arax enables all users to:

  1.  Send and receive cryptocurrencies via an industry first GPS feature ‘Nearby’
  2.  Mobile recharges and bill payments via your preferred cryptocurrency in 140+ countries
  3. Store multiple cryptocurrencies in one wallet with complete control of your Private Key
  4.  Exchange cryptocurrencies seamlessly
  5.  Secure your Arax Wallet with a single Master Password


“With the crypto market ticking upwards, we believe Arax is going to remould the way we crypto.” – Sankalp Shangari, CEO of LALA World

The team is sparing no effort to deliver a product that is secure and user-friendly. Arax ecosystem with its merger with COSS exchange earlier this month will further reinforce the utility of crypto assets, as the wallet will play a promising role in the mass adoption of the digital currency.

We are channelizing all our energies and efforts to build Arax into one of the most competitive product ecosystems in the crypto space. Newer Arax versions will later support features like Dapps, new blockchain integrations, trading signals, remittance, star ratings & in-app loyalty rewards.

They will also support online payments, staking of coins, kiosk payments along with a web app and more, as we move into new geographies.

We would like to give a shout-out to everyone and especially the global developer communities to participate in the further development of this new age universal wallet.

We welcome you to experience Arax Wallet beta on your iOS devices today and be part of the new crypto-order!


Team Arax


Zero trading fees

Traders are a critical part of our ecosystem, and we thank you for your support.

We have had many queries regarding changing to a negative maker fee structure from our community.

Multiple fee models have been investigated and your feedback has also been taken into account.

A change to negative fees is quite a complicated task; more complicated than simply changing a few parameters. In the meantime, we will implement a ‘stop-gap’ solution while our developers ready the system for negative fees.

Starting next week, we will set the MAKER fees at 0 and the TAKER fees at 0,2% (0,15% with 25% discount function) This will be a fixed fee with no tiers so ALL traders can enjoy this.

Here is the new trading fee with negative maker fee that we aim to deliver during June:

                                                                               Subject to change.

As you can see, we are reducing the tiers to 3 to make the entire fee structure easier to grasp for everyone. Do note that this structure is subject to change and the numbers shown may or may not be the final one, but we should be very close.

Short news today; but one we feel you would welcome!

Meanwhile, we continue working on our roadmap, short- and long-term deliverables and the upcoming token swap into ARX. We will keep you posted as we get closer.

Join our community at various channels :








We are doing our bit to make crypto adoption a reality with Arax.

Stay tuned for more updates!


Team Arax

Arax Pizza Carnival – Guess Bitcoin Price & Win a Pizza For Next Three Months

bitcoin pizza day

Dear Pizza & Crypto lovers,

Arax offers you all to win your favorite Pizza for three straight months, yes you heard that right. Arax takes the baton from the Bitcoin Pizza legend Laszlo Hanyecza and makes sure the tradition carries on.

All you need to do is guess what will be the BTC price on 31st May’19 at 4:00 PM Singapore Time. Along with that share your quirky & creative Pizza selfies on TwitterInstagram or Facebook tagging @AraxApp and using #BitcoinPizzaDay and #AraxPizzaCarnival

Please Note: The top10 right or the closest guesses including the best 10 creative selfies will win a Pizza every month for three months. (T&C applied)

Entries close on Saturday, 25th May’19, 7:00 PM Singapore Time

Arax pizza

Terms & Conditions

1. Each participant needs to Download and Signup on Arax App (available both on Android & iOS).

2. Create your Arax Id in the App (Example robert@arax).

3. Only the Bitcoin price on will be considered while choosing winners.

4. Submit your entries here by 25th May’19, 7:00 PM Singapore Time.

5. Top or the closest 10 entries will win up to $15 worth of crypto in their respective Arax Wallets for their favorite Pizza.

6. Special mentions of all the winners on official website & social channels

7. Participants can win a pizza for Three months by following these steps (Mandatory)

a. Submit your BTC price guess along with your Arax Id in the provided link

b. Click a selfie with your Pizza, solo or with your gang

c. Upload and Share the selfie on Twitter, Instagram or Facebook

d. Tag @AraxApp and use #BitcoinPizzaDay #AraxPizzaCarnival

8. The best 10 quirky selfies will be picked and adjudged winners by our Management Team

a. Winners need to do at least 3 transactions every month to be eligible for the Pizza deal


All the best,

Team Arax

Bitcoin & other crypto assets are sky-rocketing; put your ARAX wallet to use

Bitcoin Bull run

At the start of the BTC rally i.e., on February 7, 2019, the price of Bitcoin was $3,409. The momentum of the rally caused the price of BTC to be $8,023 (an increase of over 200% in BTC market cap ) at the time of writing which is still increasing. I know, many of you would be interested in entering the crypto space at this time because, obviously, FOMO. However, before you purchase your first BTC, here are a few things that you need to keep in mind.

  • Bitcoin is a decentralized currency, free of centralized control. Not even the pseudonymous creator of Bitcoin can change the rules of the Bitcoin protocol.
  • Bitcoin is very secure as every transaction made with BTC is encrypted. It is maintained on a worldwide Blockchain and cannot be seized or demonetized by anyone.
  • The entire Blockchain of Bitcoin is maintained by a network of miners who work together to secure the network, and in the process maintaining a verifiable and incorruptible ledger of all transaction. It is transparent and anyone can check the data freely.
  • Bitcoin transactions are made with wallets which means that the source of transactions or wallet addresses can be identified but not the owners of those wallets. This makes BTC anonymous.

Safety Measures to take before and after buying Bitcoin to safeguard your digital assets.

  • Bitcoin is a decentralized currency, stored on a ‘address’ on the blockchain. A decentralized wallet keeps your private keys on a Blockchain server which means even if the wallet is hacked or shut down, you will be in possession of your private keys.
  • Never share or lose your private keys as it is your private keys which give you access to your assets. If malicious parties get access to your private keys, they will get into a position of stealing your digital assets.

ARAX as a safe crypto wallet option

When talking about safe and secure cryptocurrency wallets, Arax has some of the best security features to offer.

  • It is a great option if you are the owner of more than one cryptocurrency as it stores 30+ cryptocurrencies in one single wallet.
  • It is a decentralized wallet which means all the private keys are saved with the user and not visible to Arax thus ensuring your privacy and security of the assets.
  • The wallet has ease of control with one master password. You can access all your private keys with this one password releasing you of the worries of remembering different private keys.
  • Arax also facilitates crypto to crypto swap within the wallet.
  • You can send and receive crypto via GPS using the Near-by feature offered by the wallet.

As a new BTC investor, things can get quite confusing. However, we hope we helped you a bit here. Take your decisions wisely and store your crypto in a safe and decentralized wallet like Arax Crypto Wallet.

Disclaimer – The Content is for informational purposes only and doesn’t include any professional investment advice. You should not construe the provided information as professional and/or investment advice.

Maker (MKR) is now live on Arax

Hello Community,

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.

About MKR

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.

About Arax

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.


Team Arax

Join Us:




COSS.IO ARX SWAP Announcement May 13th, 2019

ARX and COSS token

Dear Communities,

First of all, we wish to thank you for all the feedback we have received over the past week regarding both companies coming together.

There were a lot of mixed reactions to our proposals. This process has also led to an erosion of trust between two good communities and the team. This is the last thing we want, and that is why we have spent a lot of time, internally and externally, to come up with this conclusion.

You have made your point. Two major feedback on the merger and token swap:

1. Little or no token dilution — both COSS as well as LALA / ARAX holders
2. Favorable Swap Ratio — especially when it comes to CFT vs LALA

There was a whole host of other feedback on other aspects of our business. We have taken them fully into consideration. We have also worked on multiple iterations alongside our financial and legal advisors.

We have decided not to hold a vote.

While we have tried our very best to be as democratic as possible in this process, we realized that it is impossible to please everyone. As democratic as that process may be, as business owners, we owe it to you, to make good/tough decisions, and do what is best for everyone, as best as we see fit and move forward.

We will have ONE token (ARX) across the entire ecosystem, BUT we will NOT increase the supply above the already existing 200M COSS tokens.

How can this be achieved: We will use the founders and team’s existing tokens and future funding pool to keep an equilibrium. The total token supply will not get diluted. This means the majority of the new ARX token will be in the circulating supply, from day one.

Other changes to be noted:

  • Fee Split Allocation (FSA) of 50% for everyone- The new ARX token will still have the FSA you know and love
  • Trading Fee Discount for everyone- We are incorporating CFT’s token use case into the new ARX token
  • The Time Deposit (TD) feature will be removed
  • A percentage of our profits will still be used to buy back tokens in the open market. The use case for these tokens shall be evaluated at a later stage by the company

With these changes, we project a higher revenue, which will allow us to rebuild our company war chest over time. For now, we have enough finances to cover our development and team expenses.

The plan is to look into various other planned features and implement them if/when we feel the time is right. We are here for the long run, and we are building for the future.

These are our final numbers:

The new MAXIMUM supply will be 200M ARX

*The company has been collecting CFT for the last few months as a part of its trading fees

**The company founders and team tokens were unlocked after 12 months


These ratios are calculated based on 2 major considerations:

1. Beyond looking at factors such as market cap, trading price, trading volume, ICO price, etc, we considered non-tangible factors such as what the LALA team would bring to the table: their technical expertise, resources, marketing, experience, etc. With this merger, we are in a much better position than before to deliver a product that you expect of us. At the same time, COSS adds immense value to the ARAX wallet and its token utility.

2. The realization that we might never be able to come up with a swap ratio that is satisfactory for everyone, which is why we took the hard choice of making an executive decision, take the best choice possible for all stakeholders, and move forward.

These are hard choices. Our actions will speak louder than words, to earn back the trust and support you have given us.

This decision will allow us to focus on delivering on our promises to you: A good exchange with great features combined with a state-of-the-art wallet.

A more detailed feature list and product roadmap will be released next month. However, for the next three months, our focus is very clear:

COSS Exchange

  1. Liquidity and Market Making
  2. Negative makers fee
  3. Withdrawal and deposit through APIs
  4. New listings and nodes
  5. Exchange performance and scalability

ARAX Wallet

  1. Improved UI/UX performance and integration with COSS
  2. New tokens and blockchains in sync with COSS
  3. New crypto product partnerships like lending via third-party providers
  4. Transactional discount on every product using ARX token and more use cases for ARX token
  5. Referral, rewards and loyalty program synced on both platforms

Next steps:

The swap process shall be done in two steps:

Step 1: Conversion of CFT into COSS will happen on Wednesday, 15th of May, 2019 starting 2 PM, SG time.

  1. Swap Ratio: 1 CFT to 0.5 COSS
  2. CFT’s 25% discount use case will be stopped effective immediately
  3. CFT’s token use case will be transferred to COSS token
  4. CFT trading and withdrawals will be stopped and disabled
  5. We will swap all CFT into COSS, including those in your FSA wallet
  6. CFT will be de-listed and all CFT trading pairs will be removed
  7. All subsequent deposits of CFT token into the exchange after Wednesday will be swapped into COSS token on a weekly basis
  8. Deposits and swaps will be open until 1 week before step 2
  9. We will also temporarily disable our referral program until further notice to re-evaluate our referral mechanics

Step 2: Conversion of COSS and LALA into ARX (Conversion process to start in June. Conversion details to be announced later in May 2019)

Swap Ratio of ARX to COSS: 1 to 1

Swap Ratio of ARX to LALA: 1 to 10

Both swaps, Step 1 & Step 2 will take place ONLY on COSS.IO. The Company reserves the right to change the swap process. The swap will be open for an extended period of time to ensure nobody misses out.

The new ARX smart contract will contain all the planned features such as FSA, airdrop function, etc. and trading fee discount will obviously be one of the other use-cases.

We sincerely hope that the entire community will stand behind us in this decision and allow us time to focus and deliver on our promises.

Best regards,
Sankalp & Rune

Disclaimer: This announcement is not meant to be taken as investment, accounting, tax or legal advice or a recommendation to buy, or sell any security, digital asset or other investment, management product or service or pursue any investment strategy, but rather as a rough template to show the process behind how both companies as described above intend to come together, both at token level as well as company level. Given this field is relatively new, best practices on what to do and what not to do are still being defined. If you have suggestions or contributions, please share them with teams in a direct message. The Companies reserve the right to change the process or any part thereof this announcement. This announcement is for reference only. It will not help you to “lambo” or “moon” or any other euphemism for unhinged speculation. It should help you to supplement your own analysis of the project’s commercial viability. The Companies are in constant discussion with their legal and financial advisors and reserve the right to change the process or terms till final tokens are swapped.

Jetcoin (JET) is now live on ARAX

Jetcoin partners with Arax

Dear Community,

We are here again with another exciting announcement for you all. Staying true to our promise of adding more crypto coins in the Arax family, we are announcing the integration of Jetcoin in the Arax Wallet.

Jetcoin holders will now be able to reap the benefits of all Arax services and features. The Crypto Wallet, which became a bit more Universal today will facilitate the storage, sending, receiving and exchange of Jetcoins on its platform.

About Jetcoin

Jetcoin is digital fuel designed with the purpose of providing fans and supporters unique opportunities in the fields of sports and entertainment. The Jetcoin platform allows fans to actively participate in their chosen athlete or talent’s rise to the top and in return, benefit financially from their success. In addition, JET token holders also have access to lifestyle experiences in the form of unique rewards, exclusive events, backstage opportunities, seat upgrades, VIP box access, dedicated merchandising, amongst others.

Sankalp Shangari, CEO of Arax Crypto Wallet said, “With this partnership, Arax has become an active element in the disruption of the sports and entertainment industry enabled by Jetcoin. Not only will Arax users be able to enjoy a wider variety of coin options but Jetcoin users will also be able to avail the benefits of a secure, versatile, unique and new age wallet.”


About Arax

At launch, Arax supported 12 cryptocurrencies across different Blockchains. Staying true to our word, we have successfully integrated 11 new coins. We now support 29 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.


Team Arax

Join Us: