ANN ICO AirToken Mobile Data Accessibility Token Sale Complete $15M USD
- March 15, 2019
- Posted by: New
- Category: Forex Trading
AirToken’s price has just experienced a huge surge, over 70% in a matter of two hours. Securities and Exchanges Commission ordered the company along with Paragon to refund all of their investors. All pre-sale AirToken purchasers can also take part in the white-list, and all pre-sale and white-list token purchasers can still take part in the public ICO.
- A month-long ICO ran from Sept. 19 to Oct. 19, 2017 and raised some$15 mlnin capital for the company.
- Airtoken is ranked at 456 by CoinMarketCap and has 1,050,000,000 AIR in circulation and a total supply of 1,491,492,558 AIR.
- Using these credit scores, AirFox will segment users into tranches, allowing lenders to provide micro-loans in AirTokens through an Ethereum smart-contract.
- Eric Eissler is based in Chicago and works in higher-education administration and finance.
- By analyzing mobile behavior, device data, payments and browsing history, AirFox will use proprietary algorithms to assign credit rankings to users.
The latest version of the AirToken whitepaper (version 3.0) contains numerous updates, additions, and tweaks that answer questions raised by pre-sale purchase inquiries, clarify any ambiguities and reflect advice provided by legal counsel. Will be able to apply and qualify for microloans in AirTokens later this year. Earn AirTokens by viewing advertisements on their devices, completing offers (surveys, videos, downloading apps, airtoken ico etc.), and browsing the internet. In which light to see the different markets, the pros, and the cons to make better decisions. I am sure this project will attract a lot of big investors around the world and I will consider investing some of my assets in this project if the project is supported by many investors. It is a deep-dive for technical investors who want more insight into how the AirToken microfinance system works.
What Is AirToken’s Price Today?
Yesterday the Wall Street Journal published an article stating that the SEC subpoenaed the crypto lending firm SALT Lending along with ShapeShift CEO Erik Voorhees. According to the WSJ, the federal agency launched an investigation against the company since the tokens issued during SALT’s $50 million ICO could be considered as securities. As SALT’s tokens are not registered with the SEC, the federal agency could find them as non-compliant securities, in case they determine the digital currencies as securities after the investigation has finished. Instead, we will offer interested white-list token purchasers the ability to purchase $300 to $10,000 USD in ETH or BTC before the ICO. White-list purchasers will need to fill out KYC (“Know Your Customer”) information on a website form and send their ETH or BTC to us before the ICO begins.
Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Users will be able to redeem micro-loans of AirTokens for physical and digital products across our ecosystem.
The company informed potential investors that they were contributing to “the development of the AirToken Project,” described as an ecosystem to be created by the company in which AirTokens would serve as a medium of exchange for mobile data, physical goods, and micro lending. On November 16, 2018, the US Securities and Exchange Commission , in separate actions, settled charges with Carrier EQ Inc. d/b/a AirFox and Paragon Coin, Inc. , alleging that each entity had launched an initial coin offering that constituted the unregistered sale of securities. The AirToken system provides greater access to capital at cheaper rates, expands access to mobile capital through pre-paid wireless accounts, and improves the lives of underserved lower socioeconomic classes. While the intentions of Airtoken are good and great for the developing world, lack of awareness in the developed world is hard on the token price and the rather competitive market formicroloansis large, coupled with access to technology could be the factors that are preventing Airtoken to take off. As a part of the settlement, AirFox agreed to undertake significant remedial actions, including registering the AirTokens as a security under Section 12 of the Securities Exchange Act of 1934 and timely making all required securities filings under the Exchange Act. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
AirToken is an Ethereum-based digital utility token that facilitates the transfer of mobile airtime and currency, payments for goods and services, and enables a peer-to-peer microlending program—all with minimal friction and fees. Airfox developed the AirToken to power a platform that will provide billions of unbanked and underbanked consumers access to capital and financial services including making purchases and receiving microloans on their Android smartphone. Mobile data plans enable users to browse the internet, download apps, and partake in the digital economy. Yet in many countries, such as Mexico and Brazil, an average consumer works 8-40 hours to earn 500MB of mobile data; in Nigeria, 500MB of data can be more expensive than health care or education.
Can exchange AirTokens for mobile data or use them to send mobile data to others via 5 billion prepaid SIM cards and over 500 wireless carriers. The first phase will enable users to earn free AirTokens via advertising for mobile recharges across 500 wireless carriers. Users can earn AirTokens via the Android AirFox Browser and the Recharge App.
The AirFox matter indicates that the SEC will be reviewing the full suite of statements made by a company launching an ICO to determine whether an unregistered sale of securities has occurred. AirFox’s mission is to make mobile internet data packages more affordable for users. This is based on the fact that the cost of internet data is still pretty much expensive for a sizable number of people on the globe. AirFox will be executing this by creating mobile capital for advertisers and users through the power of blockchain technology. By making use of adverts and micro loans, AirFox will unlock unrealized mobile capital through its new cryptocurrency called AirToken.AirToken makes use of the Ethereum blockchain’s decentralized nature in the execution of this mission to make internet data significantly affordable for all. AirFox will use the ICO funds to develop a revolutionary micro-loans program and expand abroad to emerging markets.
If you’re looking for a set of practical and insightful crypto market information and data, we have the analytics tools to suit your business needs. In 2017, AirFox launched an initial token offering for the virtual currency “AirTokens,” ultimately selling 1.06 billion AirTokens to more than 2,500 investors and raising approximately $15 million. Proceeds from the ICO were to be used to finance the development of the AirToken Project. Eric Eissler is based in Chicago and works in higher-education administration and finance. He is a freelance writer covering blockchain technology, fintech, cryptocurrency, the oil and gas industry, and international politics.
Following the ICO, the value of AirTokens to ETH will float according to the market. The token page shows information such as price, total supply, holders, transfers and social links. Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his https://cryptolisting.org/ career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society. Two days ago, SEC issued a statement that Airfox, a Boston-based company that held an ICO where it collected $15 million of funds, didn’t registered their ICO and because of that failed to comply with the federal securities laws in the United States.
These orders indicate that when launching ICOs, companies need to be extraordinary careful with not only their offering documents and white papers, but everything that they put out in the public sphere particularly in less formal mediums, like blog posts, Reddit and social media. AirToken is an Ethereum-based ERC-20 digital utility token that facilitates the transfer of mobile airtime, data and currency, as well as payments for goods and services, with minimal friction and fees. AirToken is anEthereum-based ERC20 digital utility token that facilitates the transfer of mobile airtime, data and currency, as well as payments for goods and services, with minimal friction and fees. This offer is based on information provided solely by the offeror and other publicly available information.
Buying/Selling AirToken On Cryptocurrency Exchanges
Coinpaprika.com needs to review the security of your connection before proceeding. The team at CaptainAltcoin.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers. Check out Bitsgap, leading crypto arbitrage bot to learn the best way of doing it. We’re currently working on an awesome “how to buy” page for AirToken and all other cryptocurrencies. AirFox is solving the Mobile Dead Capital problem to unlock mobile accessibility for the underserved. Airtoken is ranked at 456 by CoinMarketCap and has 1,050,000,000 AIR in circulation and a total supply of 1,491,492,558 AIR.
Using these credit scores, AirFox will segment users into tranches, allowing lenders to provide micro-loans in AirTokens through an Ethereum smart-contract. AirFox will use the ICO funds to develop a revolutionary microloans program and expand abroad to emerging markets. By analyzing mobile behavior, device data, payments and browsing history, AirFox will use proprietary algorithms to assign credit rankings to users. The credit rankings will be used to offer qualifying users microloans in AirTokens, which can be sent to other AirFox users or claimed for mobile data packs. At any time, users will be able to transfer their AirTokens directly to an Ethereum wallet using a secure AirFox website transfer page. New AirToken cryptocurrency will enable 4.5 billion global prepaid users access to previously unaffordable mobile internet using advertising and microloans on the Ethereum blockchain.
The AirToken micro finance system will allow peer-to-peer lending in Air-Tokens at more affordable rates using the mobile data and airtime ecosystems that already exist in these markets. AirFox eliminates the overhead involved with traditional lending caused by inefficient intermediaries and government regulation by using the blockchain to match lenders with borrowers at transparent terms and reduces the transfer fees involved. By analyzing thousands of data points on mobile behavior, device data, payments and browsing history, AirFox will use proprietary algorithms to assign credit rankings to users.
The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it . Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
ICO Drops is an independent ICO database and is not affiliated with any ICO project or company. The pre-sale attracted a very diverse audience, including sophisticated crypto investors, angel investors and other early backers of the project. AirFox wants to build a broad community of supporters, not just large early investors.
Hot Air Token
Incubated at Harvard’s Innovation Lab, AirFox is a TechStars Boston alumni and is venture backed by Project 11, Launch Capital, and NXT Ventures, among others. With the launch of its ICO and new blockchain consumer platform, the company is on a mission to enable unrestricted access to the internet for anyone with a prepaid smartphone. AirFox’s free Android apps, AirFox Browser and AirFox Recharge, enable users to earn AirTokens, a new cryptocurrency, by viewing advertisements on their devices, completing offers, and browsing the internet. AirTokens are redeemable for mobile data and, eventually, goods and services. AirFox will use the ICO funds to develop a revolutionary microloans program that enables peer-to-peer lending in AirTokens at more affordable rates.
AirToken Price Chart
The bonuses available in the white-list are identical to the public ICO bonuses. We recognize that this is a decision made after the pre-sale, and in order to make sure our pre-sale purchasers get a nice boost for believing in the AirToken project early, we have decided to increase all pre-sale AirToken bonuses by 3%. We will send updated paperwork later in the week to AirToken pre-sale purchasers to amend the total AirTokens they are receiving in the token generation event. We very much appreciate the support given to us by pre-sale AirToken purchasers, and we want to extend our gratitude with this extra bonus.
Much of this group – an estimated 2 billion people globally – is also unbanked or underbanked and lack an established record of credit. What is particularly notable about the AirFox and Paragon cases is the sort of information the SEC cited as evidence that the ICO actually constituted the sale of securities. Despite the language in the offering documents and other formal contracts, the SEC relied upon blog posts, Reddit, YouTube videos, white papers and other less traditional forms of evidence to determine that AirFox and Paragon had engaged in the unregistered sale of securities.
In fact, the poor end up paying more for banking and telco access than the rich. Mobile internet affordability and mobile capital accessibility are the main prohibitors for users to have unfettered internet usage. Now that the pre-sale is over, we have been listening to our community and assessing their feedback.
AirFox uses advertising and micro-loans on the blockchain to unlock unrealized mobile capital through a new cryptocurrency – The AirToken (“AIR”). Importantly, the SEC looked beyond AirFox’s offering documents and formal contracts with investors in determining that AirFox had sold unregistered securities. AirFox admitted that the mobile airtime and loyalty point prototype “was ‘really just for the ICO and just for investment purposes so people know .
According to the federal agency, the company is not qualified for an exemption to the registration requirements. Airtokenhas a unique concept for underdeveloped countries and people without credit or access to a bank account. The parent companyAirfoxhas created an app that turns a smartphone into a virtual bank. Furthermore, the SEC is also investigating whether SALT has distributed tokens to “insiders” as well as how the company has used the funds they have collected during their ICO. The WSJ, citing anonymous sources that are “familiar with the probe,” states that Voorhees was involved in the case as the ShapeShift CEO was listed as a “director” of SALT before the company conducted its token sale in 2017.
Finally, another challenge that Airtoken will have to contend with is that many people may not even have access to a smartphone to use the app. Along with the federal agency’s orders to refund investors and register their tokens, the SEC imposed $250,000 penalties against both Airfox and Paragon. Furthermore, the two organizations have to file periodic reports with the SEC for at least one year. According to the federal agency, both Airfox and Paragon have consented to the SEC’s orders without admitting or denying the findings. The SEC emphasized that neither Airfox nor Paragon registered their ICOs, failing to comply with the federal securities laws in the United States. According to the federal agency, neither companies qualified for an exemption to the registration requirements.