THELOGICALINDIAN - AirFoxs 15 actor ICO will accessible on September 19 2024
[Note: This is a columnist release]
BOSTON – Aug. 29, 2017 – AirFox, the aggregation authoritative adaptable abstracts and internet added affordable for millions of people, today appear it bankrupt its $6.5 actor ICO pre-sale weeks beforehand than scheduled. The ICO will attainable at 10 a.m. ET on September 19, 2017. AirFox will use the ICO funds aloft to added advance and barrage its new blockchain customer platform, AirToken (AIR), in adjustment to tokenize adaptable admission by unlocking adaptable basic from the smartphone for the underserved and underbanked prepaid adaptable subscribers in arising markets. A TechStars portfolio aggregation and venture-backed startup with a proven business-to-business wireless product, AirFox aims to accession up to $15 actor in a badge auction to accomplish adaptable internet added attainable to four billion underserved bodies in arising markets who cannot allow it.
The pre-sale admiring a actual assorted audience, including adult crypto investors, angel investors and added aboriginal backers of the project. AirFox wants to body a ample association of supporters, not aloof ample aboriginal investors. AirFox additionally capped the bulk a distinct being could acquirement in the pre-sale to aerate alone contributions while creating a adapted basin of AirToken holders to account the abiding success of the project.
The latest adaptation of the AirToken whitepaper (version 3.0) contains abundant updates, additions and tweaks that acknowledgment questions aloft by pre-sale acquirement inquiries, analyze any ambiguities and reflect admonition provided by acknowledged counsel.
Over the aftermost year, AirFox’s business-to-business belvedere has enabled added than 2 actor different U.S. prepaid wireless subscribers to abate their adaptable costs while allowance wireless carriers bigger serve their customers. Now, AirFox’s chargeless customer Android apps, AirFox Recharge and AirFox Browser, accredit any prepaid adaptable subscriber on Earth to acquire AirTokens by examination and interacting with advertisements. Users can redeem AirTokens for adaptable abstracts or use them to accelerate adaptable abstracts to others via 5 billion prepaid SIM cards and over 500 wireless carriers.
AirFox will use the ICO funds to advance a advocate microloans affairs and aggrandize away to arising markets. The AirToken micro accounts arrangement will acquiesce peer-to-peer lending in Air-Tokens at added affordable ante application the adaptable abstracts and airtime ecosystems that already abide in these markets. AirFox eliminates the aerial complex with acceptable lending acquired by inefficient intermediaries and government adjustment by application the blockchain to bout lenders with borrowers at cellophane terms, and reduces the alteration fees involved. By allegory bags of abstracts credibility on adaptable behavior, accessory data, payments and browsing history, AirFox will use proprietary algorithms to accredit acclaim rankings to users. Application these acclaim scores, AirFox will articulation users into tranches, acceptance lenders to accommodate microloans in AirTokens through an Ethereum smart-contract. The AirToken arrangement provides greater admission to basic at cheaper rates, expands admission to adaptable basic through pre-paid wireless accounts, and improves the lives of underserved lower socioeconomic classes. To apprentice added about the microloans program, click here.
On September 11, AirFox will be at Pepcom and Showstoppers at Mobile World Congress Americas to advance the AirToken platform.
Founded by ex-Googlers Victor Santos and Sara Choi in January 2016, AirFox bound accustomed itself as the baton in affordable abstracts affairs for US-based prepaid wireless carriers. Incubated at Harvard’s Innovation Lab, AirFox is a TechStars Boston alumni and is adventure backed by Project 11, Barrage Capital, and NXT Ventures, amid others. With the barrage of its ICO and new blockchain customer platform, the aggregation is on a mission to accredit complete admission to the internet for anyone with a prepaid smartphone. AirFox’s chargeless Android apps, AirFox Browser and AirFox Recharge, accredit users to acquire AirTokens, a new cryptocurrency, by examination advertisements on their devices, commutual offers, and browsing the internet. AirTokens are redeemable for adaptable abstracts and, eventually, appurtenances and services. AirFox will use the ICO funds to advance a advocate microloans affairs that enables peer-to-peer lending in AirTokens at added affordable rates. To apprentice more, appointment www.airfox.io.
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