AirFox, the company making mobile internet more affordable for millions of people, today announced it reached its $15 million funding goal and has closed its public ICO. AirFox saw an outpouring of support in the weeks leading up to its ICO, raising $6.5 million in an impressive ICO pre-sale, and later more than $8.5 million in the public sale. In the midst of a volatile ICO market often plagued by scams and illegitimacy, AirFox stitched together a unique framework of regulations and processes in order to effectively self-regulate. More than 2,500 legitimate backers successfully contributed to fund the development of AirFox’s new blockchain consumer platform, AirToken (AIR), and its revolutionary microloans program.
The AirToken blockchain unlocks mobile access by connecting mobile airtime sponsors (advertisers and lenders) to prepaid mobile subscribers in emerging markets. AirFox's free Browser app enables prepaid mobile customers to earn AirTokens that can be converted into mobile airtime. Users establish credit history by opting to share their device data and advertising behavior, enabling anyone with a smartphone to apply for and receive microloans in AirTokens.
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The AirToken blockchain unlocks mobile access by connecting mobile airtime sponsors (advertisers and lenders) to prepaid mobile subscribers in emerging markets. AirFox's free Browser app enables prepaid mobile customers to earn AirTokens that can be converted into mobile airtime. Users establish credit history by opting to share their device data and advertising behavior, enabling anyone with a smartphone to apply for and receive microloans in AirTokens.
Complete article here
