AirFox Closes $6.5 Million AirToken Pre-Sale Weeks Ahead of Schedule

August 31st, 2017

BOSTON–(BUSINESS WIRE)–AirFox, the company making mobile data and internet more affordable for millions of people, today announced it closed its $6.5 million ICO pre-sale weeks earlier than scheduled. The ICO will open at 10 a.m. ET on September 19, 2017.

AirFox will use the ICO funds raised to further develop and launch its new blockchain consumer platform, AirToken (AIR), in order to tokenize mobile access by unlocking mobile capital from the smartphone for the underserved and underbanked prepaid mobile subscribers in emerging markets.

A TechStars portfolio company and venture-backed startup with a proven business-to-business wireless product, AirFox aims to raise up to $15 million in a token sale to make mobile internet more accessible to four billion underserved people in emerging markets who cannot afford it. Read the rest of this entry »