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ARAX Sets a New Benchmark in Access Control Management with DePIN & Luna Mesh
Revolutionizing Industry Standards through Decentralized Infrastructure and Data Storage Networks
ARAX, a pioneer in blockchain integration, proudly unveils a transformative collaboration in technology that sets a new benchmark for decentralized infrastructure—melding Core Blockchain, Core Token, CorePass, Codetech, and Luna Mesh into a unified platform. Ockert Loubser, co-founder of the Core Blockchain Network, CEO of Codetech, and COO of ARAX, led today’s reveal, marking a significant stride towards embedding blockchain deeply into everyday business operations and life.
"Our approach is revolutionary, providing robust solutions that leverage the immutable ledger of Core Blockchain and Core Token Smart Contract Platform, enhanced by CorePass's identification capabilities," said Loubser. When integrated with IoT-based decentralized storage and Luna Mesh for peer-to-peer communications, this technology suite offers unprecedented security, transparency, and reliability for enterprise data management
Lunaº Mesh: Bridging the Gap in Communication Infrastructure
Lunaº Mesh elevates ARAX’s offerings by enhancing existing communication infrastructures, extending last-mile reach, and serving as a cost-effective method to broaden accessibility. This versatility is crucial for seamless integration with both decentralized storage frameworks and centralized data centers, acting as a critical fail-safe and strengthening the resilience of business operations against disruptions. Rastislav Vašicka, CIO/CTO of ARAX, emphasized the transformative impact of this technology: 'Let’s imagine a world without the internet, yet still connected through surges of data connections. Lunaº Mesh is achieving a new future of decentralized communication.'
Impact on Shareholder Value and Industry Applications
The adoption of cutting-edge technologies not only enhances operational efficiency but also increases shareholder value by introducing advanced business intelligence capabilities and improving infrastructure utilization. "By decentralizing enterprise infrastructures, such as access control systems, we significantly broaden our total addressable market. This shift paves the way for new market opportunities and exhilarates the adoption of decentralized solutions, including our Core Blockchain and its Ecosystem, fostering growth across diverse sectors," Michael Loubser, CEO of ARAX, explained. "Every element of our integrated system plays a crucial role, from the Core Blockchain, which forms the foundation of our transactions, to Luna Mesh's innovative network solutions that guarantee the security and authentication of every transaction and event," Ockert Loubser further elaborated.
Demonstration and Practical Application
Today’s session also included a live demonstration of an NFC card reader, decentralized through ARAX’s platform, showcasing the practicality and ease of integrating sophisticated blockchain technology into daily operations without the need for extensive hardware overhauls.
Thank you to the 32K+ who tuned in! 🇹🇷
For those interested, we invite you to join our Telegram chat exclusively for the Turkish community: ↘️↘️ https://t.me/coreblockchaincctr
How you been Whitt. Been on vacation for the past 3 months. Adding $Arat quietly. Also $XCB $CTN... Hope all is well with you.. Hold onto this gem. Will see $10.00 soon imo...
🎙AMA with Veli Mutlu is happening today!
What question would you like to hear on this livestream?
BOMBA GIBI BIR AMA DAHA 🔥🔥🔥#CodeTech yenilikçi blockchain tabanlı altyapı çözümleri üreten bir proje ve önümüzde salı bizim konuğumuz olacaklar!
— Veli Mutlu (@vemutlu) April 6, 2024
Onları biraz terletmeye ve bunu yaparkende para kazanmaya var mısınız? Ödül havuzumuz 500 USDT!
Şimdi RT'le ve Soruları hazırla! pic.twitter.com/AzcJCPbQxX
Arax Holdings Corp. Announces updated website
ARAX Holdings Corp is pleased to announce our updated website content, featuring enriched facts and comprehensive shareholder information. As part of our commitment to our shareholders, stakeholders, and the general public communication, with a goal of greater transparency, the new website serves as a pivotal resource for understanding ARAX's innovative approaches within the enterprise data management and blockchain sectors.
This enhancement underscores our dedication to offering stakeholders a deeper insight into ARAX's strategic direction, technological advancements, and market positioning. It is designed to facilitate easy access to essential information, including corporate governance documents, SEC filings, and real-time stock data. Moreover, the website elaborates on ARAX's Blockchain as a Platform (BaaP) enterprise capabilities, our contributions towards Environmental, Social, and Governance (ESG) compliance, and our forward-looking initiatives such as DePIN and mesh data.
We invite our shareholders and the wider community to explore the updated content on our website to gain a comprehensive understanding of ARAX's mission, technological ecosystem, and our vision for the future of decentralized enterprise solutions.
For media inquiries, please contact:
Email Address: press@arax.cc
On behalf of Arax Holdings Corp. (the "Registrant"), this current report on Form 8-K is furnished to disclose recent updates regarding the delay in completing the audit of the Registrant's annual report for the last fiscal year-end. The Registrant has identified challenges encountered by its auditors in interpreting the timeline and application of the generally accepted accounting principles (GAAP), specifically Subtopic 985-20,-25 relating to the capitalization of software production costs for external use subsequent to reaching Technological Feasibility. These intricate GAAP provisions stipulate precise timelines for capitalization eligibility of certain production costs. The Registrant is diligently collaborating with its auditors to finalize the Technological Feasibility determination and the appropriate capitalization of software production costs. A resolution is forthcoming, and the Registrant is committed to finalizing and filing the annual report promptly. Upon conclusion of the annual report, focus will shift to completing and filing the subsequent Quarterly report. Shareholders and interested parties may direct inquiries or comments to investors@arax.cc.
Wow, what a day! I'm buzzing so much, I could power a small city. Our team, aka the Avengers of tech, pulled off something that’s less 'proof of concept' and more 'proof of awesome.' We took #BaaP for a spin, making #BaaS look as easy as my grandma’s pie recipe—no changes needed. Then, BAM, we unleashed DePIN on #LunaMesh, making decentralized storage look cooler than the other side of the pillow. This bad boy works with @CoreCoinCC in a way that even peer-to-peer networks are going, ‘Wait, we can do that?’ And just when you thought it couldn’t get any nerdier, we tied @CorePassCC to it with a blockchain bow.
Enter the era of "Platform as an Economy" with our dynamic duo, $CTN and $XCB. It's not just about creating innovative tech; it's about shaping a new economic landscape. $CTN isn't just our currency; it's the lifeblood of our platform's economy, facilitating every transaction with ease. And with $XCB covering the transaction costs, we're etching our operations into the blockchain with the precision of a Swiss watch. This isn't just a game changer; it's a whole new game.
To the Dereks of the world, still dreaming about that 'revolutionary' turkey sandwich: Imagine Big Data and decentralized storage got married and had a baby that’s into blockchain and free Wi-Fi. That’s what we did.
Hey, @awscloud ,@Google, and every #cloudprovider who thinks storage is just storage: Our tech is about to turn your world upside down, in a good way. This isn’t just a leap for data integrity and business intelligence; it’s a giant leap for cost-effective services. It’s like finding out your new neighbor is actually a superhero.
But wait, there’s more! (I’ve always wanted to say that). I’m keeping the biggest surprise under wraps for now. Let’s just say, I’ll be back with a video next week that’ll make your daily grind look like a walk in a very advanced, tech-savvy park. As we’ve said before: we’re not here to dream; we’re here to do. #InnovationUnleashed #Industry4
Wow, what a day! I'm buzzing so much, I could power a small city. Our team, aka the Avengers of tech, pulled off something that’s less 'proof of concept' and more 'proof of awesome.' We took #BaaP for a spin, making #BaaS look as easy as my grandma’s pie recipe—no changes needed.…
— Ockert Loubser ₡ORE (@OckertLoubser) April 5, 2024
Jerry it is a buying opportunity! You gotta re-frame opportunity
Fuken new seller, such a bad time for this to be happening
They are still coming out weekly
I bought more three days last week, close to 81k now
XCB
XCB
0.6799
+116.94%
CTN
CTN
0.0588
+41.01%
👏XCB made it to the TOP 12 RWA coins of 2024!
Thanks for the recognition CryptoHub
RWA Cryptos are exploding left and right!
— Crypto Hub💡 (@CryptoHub210) March 26, 2024
With BlackRock & JP Morgan entering RWA - many coins are about to 50-100x🤯
Here are 12 Undervalued RWA Coins We Have On Our Radar:👇 pic.twitter.com/qwF9px9IFx
XCB
0.4989
+71.44%
CTN
CTN
0.0584
+38.39%
XBC HEADING INTO THE .40’S!!!
https://app.ping.exchange/markets
CTN
CTN
0.0442
+4.49%
XCB
XCB
0.3497
+18.70%
CTN
0.0441
+26.00%
XCB
XCB
0.3
+12.15%
Top Gainers
CTN
CTN
0.0421
+16.30%
XCB
XCB
0.3139
+14.35%
More trading platforms we belong to the higher our price will go
Top Gainers
CTN
CTN
0.042
+16.67%
XCB
XCB
0.2999
+11.07%
ETH
ETH
3,600
+9.09%
BTC
BTC
70,000
+4.48%
Our coins are doing really well, adding that new trading platform helped the volume
https://app.ping.exchange/markets
Yah, I’m very surprised also. Hoping we get positive filings here soon.
Look how well our coins are doing. https://app.ping.exchange/markets
✅Core Token has been listed on @CoinGecko and is currently awaiting market data integration from the exchange.
➡️ https://www.coingecko.com/en/coins/core-token-2
$XCB market cap is ~9 Million🔻
$CTN market cap is ~30 Million🔻
https://twitter.com/i/redirect?url=https%3A%2F%2Ftwitter.com%2FRastislavCore%2Fstatus%2F1768026267574559173%3Fcxt%3DHBwWioe7hbyhpYkxAAAA%26cn%3DZmxleGlibGVfcmVjcw%253D%253D%26refsrc%3Demail&t=1+1710622267871&cn=ZmxleGlibGVfcmVjcw%3D%3D&sig=2507ed53e2f6b5ebfd994a451e6851cf099c528a&iid=639825eba2254a4c896893b6e52e9fb2&uid=1458123865415061504&nid=244+272699393
CTN and XCB MIVING VERY WELL https://app.ping.exchange/markets
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Case A-20-825346-B in the
Eighth Judicial District Court Portal
https://www.clarkcountycourts.us/Portal/
11/24/2020
Motion for Appointment of Custodian
12/30/2020
Order 201230 - ARAX Order Appointing Custodian
Parties Present 9:30 AM: Chasey, Peter L. - Attorney (Lazar's Attorney)
Minutes: All appearances made via the BlueJeans Videoconferencing Application. Colloquy regarding typographical error in pleadings that changed "ARAX" to "ARAT". Court stated its findings and ORDERED, Motion for Appointment of Custodian GRANTED. Mr. Chasey to prepare the order and clarify the typographical error.1/11/2021
Motion for Order
Motion to Require Written Proofs of Claim
01/12/2021
Clerk's Notice of Hearing
Clerks Notice of Hearing
01/13/2021
Certificate of Service
Certificate of Service
02/18/2021
Motion (9:30 AM) (Judicial Officer Allf, Nancy)
Motion to Require Written Proofs of Claim
There being no opposition, Motion Granted
03/23/2021
Affidavit of Publication
Filed by Scott Sibley, Publisher of Nevada Legal News
03/31/2021
Motion for Order
Motion to Bar Unasserted Claims and Terminate Custodianship
03/31/2021
Clerk's Notice of Hearing
"Please be advised that the Motion to Bar Unasserted Claims and Terminate above-entitled matter is set for hearing as follows
Date: May 5, 2021
Time: 9:00 AM"
Location: RJC Courtroom ...."04/20/2021
Status CheckJudicial Officer
Allf, NancyHearing Time
3:00 AMComment
wirtten proofs of claiim (that is how the clerk wrote that sentence)
Journal Entry
"Court further finds after review that on March 31, 2021 a motion to bar unasserted claims and Terminate Custodianship was filed. The motion stated that the Custodian served Notice of Entry of Order via publication, which was completed on March 23, 2021. The Motion also stated that no proofs of claim have been filed or otherwise submitted to the Custodian."
05/05/2021
MotionJudicial Officer
Allf, NancyHearing Time
9:00 AMComment
Motion to Bar Unasserted Claims and Terminate Custodianship
05/05/2021 Order
Order barring unasserted claims and terminating custodianship.
“Pursuant to a revision to a certain Consulting Agreement dated October 8, 2013, between Thru Pharma and Strategic Universal Advisors, LLC (“Strategic”), as amended effective January 17, 2014, on or about February 9, 2015, and most recently on October 20, 2015, with full effect as of April 1, 2015 (the “Consulting Agreement”), Thru Pharma and Strategic agreed that the intent of the Consulting Agreement ab initio was to provide Strategic with a 3% equity ownership of Thru Pharma in the event that a PUBCO M&A transaction did not occur prior to the end of the Consulting Agreement. Thru Pharma and Strategic agreed and stipulated that 753,504 shares of the Company would equal 3% of Thru Pharma as the equity payment under the Consulting Agreement, with transfer subject to the further provisions stated below. As Thru Pharma was the sole beneficiary of the services provided by Strategic under the Consulting Agreement, no part of the value of the consideration for services provided under the Consulting Agreement has been recognized as an expense by the Company.
In connection with earlier amendments to the Consulting Agreement, Strategic granted to Mr. Keough, a control person of the Company and Thru Pharma, an irrevocable proxy (the “Irrevocable Proxy”), to vote all of the common stock in the Company under certain conditions. That proxy no longer exists under the terms of the most recent amendment.
As part of the currently amended Consulting Agreement, Thru Pharma agreed to transfer 753,504 Company shares to Strategic upon the closing of a merger or acquisition (an “M&A Transaction”) of a public entity, resulting in Thru Pharma being the controlling owner of the entity that was the subject of the M&A Transaction, and Thru Pharma would cause such entity to also issue to Strategic a stock warrant to purchase 600,000 (six hundred thousand) shares of common stock of the entity that was the subject of the M&A Transaction. Such warrant will be of five-year duration, exercisable at $0.10 per share, and shall vest in four equal amounts of 150,000 shares with the first annual vesting to occur 60 (sixty) days following the completion of the PUBCO M&A Transaction, as well as other routine terms.”
“Effective July 1, 2015, Arax and Catalyst Funding, LLC, entered into an Original Issue Discount Revolving Secured Convertible Promissory Note (the “Catalyst Note”) and a Securities Purchase Agreement (the “Catalyst SPA”). The transaction is secured by a grant of security interest to 100% of the Company stock held by or for Thru Pharma. The Catalyst Note and Catalyst SPA are intended to facilitate funding essential work relating to reporting and accounting costs. The total available funds are $200,000, and the Company has only drawn $75,000, and for which the Company is obligor. A Commitment Fee of Company stock in the amount of 35,294 shares was authorized for issue to Catalyst as part of the transaction recorded as an initial debt discount of $14,118. In the event that the Company is unable to timely make payments under this Agreement, Catalyst has the option of gaining control of the Thru Pharma shares in the Company.
On March 1, 2017, the Company’s majority shareholder, Thru Pharma LLC entered into a merger agreement with Kasten, Inc., a Nevada corporation (“Kasten”), whereby Kasten was the surviving corporation. As part of the merger agreement, the shares in the Company held by Thru Pharma were withheld from the agreement and the Company was no longer identified as a subsidiary of Thru Pharma thereby effectively spinning out the Company and excluding it from the surviving entity. Kasten has been identified as party to and co-guarantor of the Catalyst note. The Company is in the process of settling the note with Catalyst whereby funds used to satisfy the note are being provided by its Chief Executive Officer, Steven J. Keough whereas Mr. Keough will be effectively purchasing the 8,000,000 common shares in the Company and the Arax Holdings Corp receivable (listed on the books of the Company as a related party payable in the amount of $211,149 for the nine months ended July 31, 2016) in exchange for extinguishing the note. The 8,000,000 shares are currently collateralizing the Catalyst loan. Upon satisfaction of the note, the Company’s related party payable will be due to Mr. Keough, and he will become the majority shareholder in the Company.
--------------------------End Hug Life Section
