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AirToken ICO summary information

Project Description

AirFox is a B2B platform that provides advertisers and lenders with more affordable mobile data. AirFox leverages the Ethereum blockchain as a digital ledger for the users' mobile phone data (behavior, personal information, user lifetime value, and opt-in advertisements), allowing the creation of a user score system that will determine if the user is a trustable credit recipient. Moreover, their applications (AirFox Browser and AirFox Recharge app) will allow the consumption of mobile internet (which is typically inflated mainly due to ads and trackers) to be reduced and enables users to receive micro-loans taking into account their telco data, wireless billing, device usage, web-sites browsed, applications used and AirFox, apps’ internal behavior in order to create a credit scoreAirToken (AIR) is an Ethereum-based ERC-20 token that works as the currency in the platform, allowing AirFox to give micro-loans. The token also allows the advertisers to buy data directly. Furthermore, it will also be used as a reward system for token holders, allowing them to keep a portion of the advertising revenue generated by the platform.Team:Victor Santos: Co-Founder, CEO. Sara Choi: Co-Founder. James Seibel: CTO. AirToken held its ICO on 19th of September, 2017. The ICO token supply represents 70% of the total token supply, so there was a total of 1,491,492,558 AIR tokens available, for 0,015 USD each during the offering. The funding cap was 15,000,000 USD, that was reached on 28th of September bringing the ICO to an end. Token Reserve Split (30%):30% AirFox Reserve (10% to User Growth Pool;10% to Micro-Loan Reserve);AirToken ICO campaign will feature a bounty campaign, and the token will not be mineable.Bonus Structure:Tranche 1: $0 to $2 million, 65 AIR per 1.00 USD equivalent in ETHTranche 2: $2 million to $4 million, 60 AIR per 1.00 USD equivalent in ETHTranche 3: $4 million to $8 million, 55 AIR per 1.00 USD equivalent in ETHStandard Tranche: $8 million to $15 million, 50 AIR per 1.00 USD equivalent in ETH (nobonus)

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AIR Latest Updates
January 15, 2019

Success in 2018 propels Airfox into 2019 and beyond

Happy New Year! The Airfox team wants to wish everyone a prosperous 2019.2018 was packed with monumental accomplishments and announcements. From successfully launching the Airfox mobile app in Brazil to being named a top blockchain startup by TechCrunch and settling with the SEC to releasing a...

From: AIR

January 07, 2019

“You are digitalizing THE carnês of Casas Bahia? That’s huge!”

“You are digitalizing THE carnês of Casas Bahia? That’s huge!”The future of inclusive fintech in emerging marketsAirToken by AirfoxJan 7When the Airfox team traveled to Brazil to launch a pilot of the Airfox app in two Casas Bahia stores, we heard this over and over...

From: AIR

December 19, 2018

Meet Elaine — Airline Representative and Aspiring Graduate Student

About the authorKatie Sedat, VP of Marketing, AirfoxAs VP of Marketing Katie Sedat is focused on building the Airfox brand internationally and growing awareness. She comes to Airfox with over a decade of experience marketing a wide-range of consumer products. Katie is a graduate of Emerson...

From: AIR

December 13, 2018

Airfox launching pilot in Via Varejo’s Casas Bahia stores

Airfox launching pilot in Via Varejo’s Casas Bahia storesStrategic partnership with Brazilian retail giant to democratize financial servicesAirToken by AirfoxDec 13, 2018This photo shows a Casas Bahia store in São Paulo, Brazil. Boston-based Airfox is launching a pilot program with...

From: AIR

December 04, 2018

Airfox expands executive and engineering teams in Boston and Brazil

Airfox expands executive and engineering teams in Boston and BrazilMeet the new additions to the Airfox team!AirToken by AirfoxDec 4, 2018New additions to the Airfox team, from left to right: Don Andrade (CFO), Felipe Cine (Director of Customer Success), Maura Folliard (Product Manager),...

From: AIR

November 19, 2018

A message from Airfox CEO Victor Santos to the AirToken community

A message from Airfox CEO Victor Santos to the AirToken communityMore on Airfox’s settlement with the SECAirToken by AirfoxNov 19, 2018The following is a repost of an email sent form Airfox CEO Victor Santos to the AirToken community. Sign up for emails and keep up to date on all...

From: AIR

November 16, 2018

Airfox transforms mobile finance in emerging markets with blockchain and machine learning

Airfox transforms mobile finance in emerging markets with blockchain and machine learningBoston-based fintech startup releases updated vision for AirToken to solve critical financial problemsAirToken by AirfoxNov 16, 2018Nov. 16, 2018 (BOSTON) — Airfox, a startup aiming to...

From: AIR

November 13, 2018

MIT Technology Review honors Airfox CEO Victor Santos with ‘Innovators Under 35’ award

MIT Technology Review honors Airfox CEO Victor Santos with ‘Innovators Under 35’ awardAirToken by AirfoxNov 13, 2018Airfox is honored to announce Victor Santos, CEO and co-founder, has been selected by MIT Technology Review as a 2018 Innovator Under 35 in Latin America.This...

From: AIR

November 12, 2018

Airfox empowers students with financial literacy

Airfox empowers students with financial literacyAirToken by AirfoxNov 12, 2018Education empowers an underserved community in BrazilStruggling to recover from a crippling recession, Brazil’s economy remains in ruins and its young democracy is in danger. In greater São Paulo, extreme...

From: AIR

November 06, 2018

Airfox partners with nonprofit to support financial literacy

Airfox partners with nonprofit to support financial literacyAirToken by AirfoxNov 6, 2018$22K startup pitch prize donated to sponsor financial education classes for studentsFinancial literacy should be common knowledge. Unfortunately, we’re not there yet.22% of teen students in the U.S....

From: AIR

October 30, 2018

Collaborating on mobile banking mainstream adoption

Author: Luke BayasLuke is a former entrepreneur with deep experience building distributed web solutions for a variety of companies in the Boston area and beyond. He architected and built the Knack backup, restore & migration systems, he was part of a the NuoDB management layer team dealing...

From: AIR

October 12, 2018

Meet Dominique — Single mother and small business owner

About the authorKatie Sedat, Head of Marketing, AirfoxAs Head of Marketing Katie Sedat is focused on building the Airfox brand internationally and growing awareness. She comes to Airfox with over a decade of experience marketing a wide-range of consumer products. Katie is a graduate of Emerson...

From: AIR

October 11, 2018

Airfox abroad, part 2: Amsterdam

Airfox abroad, part 2: AmsterdamAirfox comes to Amsterdam and wants to meet YOU!AirToken by AirfoxOct 10, 2018Coming off of an exciting week winning the grand prize at the CODE_n competition in Germany, Airfox is headed to Amsterdam this Friday the 12th of October! VP of Marketing Katie Sedat...

From: AIR

October 04, 2018

Airfox abroad, part 1: Germany

Meet the Airfox team in Europe this October!We are excited to leave for Europe this week to present at a conference and do a meet-and-greet with our wonderful AirToken community. There are many of you who have been an active part of our community who live in Europe, and we’re going to use...

From: AirToken by Airfox

October 02, 2018

Airfox announces internal promotions and new additions to the Boston-based team

After a year of hard-work, platform growth, and learning, Airfox is proud to announce internal growth within the team. Four employees have been promoted within the organization to now join the executive team at Airfox, in addition to Victor Santos (CEO), Gustavo Riberio (President, Brazil),...

From: AirToken by Airfox

September 18, 2018

Engineering updates & more

August update from the Airfox and AirToken engineering teamGreetings! It’s been a busy end of the summer for us at Airfox as we continue in our mission to provide financial services to the unbanked and underbanked in emerging markets. Here are some of the highlights of what we accomplished as...

From: AirToken by Airfox

September 14, 2018

Help Airfox win best tech startup award!

Cast your vote daily to support us winning Boston’s 2018 Timmy AwardsWe are thrilled to announce that Airfox has been selected as a Best Tech Startup finalist for Boston’s Fourth Annual Timmy Awards!We need your support — 50% of the final decision comes from community voting! Voting...

From: AirToken by Airfox

September 12, 2018

Airfox Partners with Brazilian Retail Giant on Mobile Blockchain Financial Services

Airfox will significantly expand its footprint to offer mobile financial services to millions of unbanked and underbanked BraziliansCasas Bahia store in São PauloSept. 12, 2018 (BOSTON) — Airfox today announced an exclusive partnership with Brazilian retail giant Via Varejo to extend its...

From: AirToken by Airfox

August 28, 2018

Blockchain companies need to bridge the gap between hype and utility

A version of this article by Airfox CEO and co-founder Victor Santos was previously published on Mobile Time in PortugueseIt’s become popular in certain circles to compare the cryptomarket of 2018 to the tech bubble of the early 2000s, when wishful propositions like Pets.com were showered with...

From: AirToken by Airfox

August 15, 2018

Meet Robson — Struggling taxi driver & bartender

Airfox stories from Brazil: Part 1In May, we flew into Rio de Janeiro to see first-hand how Brazilians are using Airfox. As our plane landed in the picturesque coastal city, for some reason I couldn’t help but think of the famous book “46750” — the title equal to the number of...

From: AirToken by Airfox

August 13, 2018

Airfox August engineering update

Taking the AirToken microloan platform to the next stage in developmentJuly has been a critical month in development for the Airfox development team. It is only the beginning of what is to come, and is the culmination of many late nights and a great deal of hard work. We would also like to thank...

From: AirToken by Airfox

Airfox welcomes recent hires

As the company and services expand, Airfox grows the team in BostonOver the past few months, the Airfox team has grown. We recently announced our hire of Gustavo as president for Brazil. We’ve also been growing our team in Boston to ramp up operations, provide robust business development...

From: AirToken by Airfox

August 09, 2018

Monthly recap — July 2018

Programs, progress, and potentialJuly just flew by! It seems like we just wrote June’s update and we’re already back with July’s update. Read on to see what happened what happened in July and what the AirToken by Airfox team as in store for the future.July timeline of activitiesBeware...

From: AirToken by Airfox

August 07, 2018

Send Airfox to SXSW

Vote for our ‘How Blockchain Empowers Emerging Markets’ panel!We need your support! Our co-founder and CEO Victor Santos is in the running to speak at the South by Southwest (SXSW) Blockchain & Cryptocurrency event, where industry leaders will explore ideas, policies, and tokens that...

From: AirToken by Airfox

July 31, 2018

Microloans in the Airfox app are now available in beta

In the last engineering update, CTO James Seibel informed the community that the microloan platform was nearly ready to be rolled out to users of the Airfox app. Later in Telegram, James teased that the release would be during the month of July (read a transcript of the AMA on the AirToken...

From: AirToken by Airfox

Airfox Named Top Blockchain Startup by TechCrunch

While our team is gearing up to bring microloans out of beta, it was such an honor to learn Airfox was named among the top blockchain startups by TechCrunch Disrupt 2018. The competition was fierce, with TC Top Picks carefully reviewed and vetted by the knowledgeable TechCrunch journalists.What...

From: AirToken by Airfox

July 17, 2018

Blockchain will be the future of finance. Here’s why.

It’s no secret that the blockchain bears immense potential for upending a variety of human systems. But the industry perhaps most apt for that upheaval is the world of finance.For one thing, the ability to move money and make transactions without a central banking authority is extremely...

From: AirToken by Airfox

July 11, 2018

Airfox names former HSBC and PayPal Executive Gustavo Ribeiro as new president for Brazil

Fintech firm, which launched in Brazil in February, appoints Ribeiro with aim of helping the company experience further growth in Brazil and Latin America11 July 2018 — Mobile financial services firm Airfox today announced the appointment of Gustavo Ribeiro as its new president for...

From: AirToken by Airfox

July 10, 2018

Airfox July engineering update

June. What. A. Month.First, I’d like to thank you for taking the time to read this, as we are always working on exciting developments to share with you. I hope you are enjoying the World Cup! Outside of development, the community had the opportunity to hear from our CEO Victor Santos (please...

From: AirToken by Airfox

July 03, 2018

Monthly Recap — June 2018

A busy month for AirToken and AirfoxThe Airfox platform has grown immensely over the past few months. As we move toward scaling the Android app, the AirToken community has been very engaged in the helping to bring the product to market. As we strive forward, we must continue to keep our focus...

From: AirToken by Airfox

June 11, 2018

Airfox Engineering Update: June 2018

Android app updates, usability testing in Brazil, growing the teamFriends,May was a rather busy month, as many team members were traveling to various events and countries. However, the engineering team has been working tirelessly on development behind the scenes. Last week, I answered questions...

From: AirToken by Airfox

June 09, 2018

You break it, we buy it

Launching the Airfox bug bounty programAirfox is dedicated to extending critical financial services to billions of people around the globe using a decentralized platform powered by AirToken and blockchain technology. We’re committed to a high quality user experience fueled by constant...

From: AirToken by Airfox

May 01, 2018

Airfox May Engineering Update

Since our ICO closed in October 2017, the Airfox team has been hard at work building our Airfox wallet Android app that provides financial services for unbanked and underbanked users in Latin America, beginning with Brazil. Since our launch in early February, we have continued to release key...

From: AirToken by Airfox

April 25, 2018

Security Update: AirToken ERC20 Contract is Safe from “batchOverflow” Exploit

On April 22, an exploit was discovered in certain ERC20 contracts, as outlined in this Medium post. Airfox’s AirToken smart contract is unaffected by this exploit.Known as “batchOverflow”, this exploit affects contracts that implement a certain “batchTransfer” convenience function...

From: AirToken by Airfox

April 24, 2018

Is it just nerd talk, or are we at the cusp of making the world a better place using evolving…

Is it just nerd talk, or are we at the cusp of making the world a better place using evolving blockchain technologies?A version of this article was previously published on AméricaEconomia in Portuguese. We’re sharing it here for our English-speaking audience.Brazilian banks are a consumer...

From: AirToken by Airfox

April 16, 2018

Important AirToken news

Join the revolutionHi AIR supporters,We would love to share an update on some of the things that happened recently with Airfox and AirToken. Thanks so much for your support, we’re honored that you’re a part of our story.https://medium.com/media/5bbd34c9c26b5e85a71785588fab8649/href1....

From: AirToken by Airfox

April 13, 2018

AirToken community update

Since the AirToken ICO, we here at Airfox have had a great opportunity to learn and grow as a company. The team has been hard at work developing this platform, and we have recently achieved a significant milestone within the AirToken roadmap with the release of the AirToken dApp! While this is a...

From: AirToken by Airfox

April 06, 2018

AirToken dApp now publicly available

2018 has been a big year for Airfox and AirToken, so far! We are extremely grateful to everyone who has supported us. From all of us here at Airfox, thank you! We cannot wait to share the future with you, starting today.AirToken dApp 1.0 is live!The first public version of the AirToken...

From: AirToken by Airfox

March 28, 2018

Airfox Town Hall: Special YouTube Live Edition

With Q1 2018 drawing to a close, we wanted to do something different to mark this milestone. On Friday, 30 March 2018 at 3 PM EDT, we will have our regularly scheduled town hall on YouTube Live.Joining us will be Airfox CTO James Seibel. James will recap everything that happened since January...

From: AirToken by Airfox

March 23, 2018

AirToken Exchange Listing Announcement: Lykke

We are happy to share some long-awaited news. The AirToken (AIR) has been listed on Lykke and is now available for trading.Lykke is building a global marketplace for the free exchange of financial assets. By leveraging the power of emerging technology, the Lykke platform eliminates market...

From: AirToken by Airfox

March 20, 2018

Moving AirTokens from Airfox Browser to the new app

During the ICO, Airfox released the Airfox Browser for Android as a beta for proof on concept and demo purposes. With the launch of the new Airfox app in Brazil, we have decommissioned the Airfox Browser. It will no longer available on Google Play, as mentioned in James’s last engineering...

From: AirToken by Airfox

March 14, 2018

Airfox Update — March 14, 2018

Hello Airfox community!It seems like every time the team puts together an update post, Boston gets slammed with another foot of snow! Aside from the crazy weather, the team in Boston and Brazil have managed to accomplish A LOT over the last few weeks. Our last Monthly Engineering Update,...

From: AirToken by Airfox

March 02, 2018

Monthly Engineering Update March 2nd, 2018

February may have been a short month, but Airfox engineering crammed a ton of work in. Also, Boston gave us a reprieve on the weather, with several days above 50 degrees Fahrenheit, and one above 70! This is a dramatic difference from the snowpocalypse a few years ago.At the beginning of the...

From: AirToken by Airfox

February 26, 2018

Airfox Launches Mobile App in Brazil, Giving Unbanked Citizens Access to Previously Inaccessible…

Airfox Launches Mobile App in Brazil, Giving Unbanked Citizens Access to Previously Inaccessible Financial ServicesAirfox’s free Android app provides millions of unbanked and underbanked Brazilians with access to microloans, mobile payments, and more.BOSTON & SAO PAULO — Feb. 26,...

From: AirToken by Airfox

February 14, 2018

Airfox Update — February 14, 2018

Hello Airfox community!Right now, everyone at Airfox is focused on releasing products that bring real value to the unbanked and underbanked populations within Brazil.We recently ran focus groups with people and micro-business owners from Rocinha (the biggest favela in Rio Brazil). We’re using...

From: AirToken by Airfox

February 02, 2018

New Airfox app beta now available & AirToken dApp GitHub repository [Announcement]

January was an extremely busy month for Airfox and the engineering team. Developers returned from their holiday vacations and got down to reworking a scalable architecture and improving our Android app, backend infrastructure, and Ethereum dApp. We are setting up the stage of the tech to be...

From: AirToken by Airfox

January 31, 2018

Airfox Announcement Happening This Friday + Bi-weekly Updates

Big News Airfox community!We will be making an announcement on Friday!

From: AirToken by Airfox

January 26, 2018

AirToken dApp Progress Update on GitHub

If you missed our weekly town hall on Discord today, our CTO James Seibel shared a progress update of our dApp code to the public Airfox GitHub.Normally we would wait for a production version to be ready before publicly releasing code, but our community has been very interested in Airfox’s...

From: AirToken by Airfox

January 22, 2018

Airfox Announces Expanded Technology Partnership with Pareteum

Airfox now provides Pareteum’s MVNOs in emerging markets with mobile payments and microlending capabilities.January 22, 2018 08:00 AM Eastern Standard TimeBOSTON — Airfox, a financial services company providing the unbanked and underbanked in emerging markets with access to capital,...

From: AirToken

January 19, 2018

Airfox Bi-Weekly Update-January 19, 2018

Hello Airfox community,We hope your 2018 is off to a great start! Everyone at the company is charged up and can’t wait to show the world what we are building. We want to thank everyone for the continued support and are confident our app launch will make a big splash!New AirToken Website: The...

From: AirToken

January 05, 2018

Monthly Engineering Update 1/5/2018

The new year has brought extreme cold and snow to Boston, but Airfox engineers are bundled up and chained to their laptops! The engineering team is extremely focused on our Q1 launch of our financial Android app for underbanked consumers in Brazil.We have hired Bachoo Design to update our...

From: AirToken

December 22, 2017

Airfox Bi-Weekly Update-December 22, 2017

Hello everyone and happy holidays from the Airfox Team!The last few months of 2017 have been extremely busy around the office as we prepare for the Q1 2018 product launch! All hands are on deck as we work to ensure a successful introduction of our mobile app into the Brazilian market. This past...

From: AirToken

December 08, 2017

Airfox Bi-Weekly Update-December 8, 2017

Hello Airfox Community,Company Focus Through the End of 2017 — We are scheduled to launch our app in Brazil in Q1 of 2018!Product: The Product team has identified potential strategic partners in Brazil. These partnerships pertain to user acquisition, payment processing, credit-scoring,...

From: AirToken

December 01, 2017

Monthly Engineering Update-12/1/2017

The last two months have been a busy time at Airfox. The company has doubled in size and hired marketing, operations, business development, blockchain, and software engineering experts. This update focuses on engineering and product developments, and explains what we have accomplished and where...

From: AirToken

November 24, 2017

AirFox Bi-Weekly Update-November 24, 2017

Hello AirFox community,The team has been working tirelessly over the last two weeks as we continue product development. We’re happy to announce the following updates and accomplishments.Forbes 30 Under 30 List- We are pleased to announce that Victor Santos; CEO and Co-Founder of AirFox, has...

From: AirToken

November 17, 2017

Telegram AirToken Chat Channel Moving to Discord Messenger

Hello Everyone!After listening to your feedback and requests to move to Discord, we have tested the messenger platform and found it to be more useful with its features for large community chats.Starting today after our Town Hall with Christine, we will mute the AirToken Chat Channel. Please...

From: AirToken

November 14, 2017

Victor Santos (CEO) and AirFox makes Forbes 30 Under 30 List

30 under 30 Social Entrepreneurs impacting the world“30 game changers in 20 industries all under 30 years old — this is the most definitive gathering of today’s leading young change-makers and innovators in the U.S.” — ForbesWe are pleased to announce that Victor Santos; CEO...

From: AirToken

November 10, 2017

AirFox Bi-Weekly Update-November 10, 2017

Hello AirFox Community,The last couple of weeks have been very exciting and productive for the team. To keep everyone informed of what progress we have made, we’ve highlighted each week with events that our team is working on and/or participated in during the week.Blockchain Economic Forum -...

From: AirToken

October 27, 2017

AirToken Team Communication Schedule & Crypto Industry Event Update

Hello AirToken Community — In an effort to establish clear and fluid communication between the AirFox team and AirToken community, we are rolling out and implementing a formalized communication calendar:Weekly Management Team Member Telegram Town Hall — Fridays at 3pm...

From: AirToken

October 26, 2017

AirToken (AIR) is now available on the decentralized P2P Radar Relay platform

Hello AirToken Community,We are pleased to announce that AirToken (AIR) is now available on the decentralized P2P Radar Relay platform.Radar Relay was built on the idea of making the user experience easy and seamless when transferring any ERC20 tokens. There is no need to sign up for a new...

From: AirToken

October 20, 2017

AirFox Welcomes Strategic Hires

After a successful $15M ICO, AirFox is pleased to announce new members to the team in an attempt to ramp up operations, provide robust investor relations, and expand capabilities of the company.As product marketing manager Katie Sedat is focused on driving user growth and engagement of the...

From: AirToken

October 18, 2017

Excess AirTokens Burnt

On October 10th, 2017, AirFox burnt 8,507,442 AirTokens. A total of 1.491 billion AirTokens were minted, out of which 69.8% were allocated to the public through our token sale and bounty programs.We had indicated that the excess tokens, upon the successful completion of our TGE, will be...

From: AirToken

October 12, 2017

AirToken $15M ICO Reflection

AirFox successfully raised $15M with our ICO. AirTokens have finally been minted and distributed to token contributors. Currently AIR is trading on EtherDelta and HitBTC, with more exchanges coming soon.After last minute non-accreditation KYC red flags and refunds (AirFox returning ETH because...

From: AirToken