The purpose of this thread is to spread awareness of other ICO’s you may find to exemplify (for whatever reason) a great idea and would like to share. Keep it factual i.e. quote the whitepaper (not the whole thing), share informative links. Keep your rebuttals tasteful and pertinent.
If any of you read my posts, you’ll know I think highly of zcash and not just because of its technology. The ICO i want to talk about shares some of the same fundamentals as zcash, particularly its view on “universal accessibility” but instead of access to an online payment system, access to the Internet itself.
Called AirFox, https://airtoken.com, is a utility coin (so it isnt a threat to zcash if that’s a concern), and its purpose is to allow access to free mobile data through an ad opt-in and application offers, through their own apps and browser, for people who normally could not afford mobile data, equaling approximately 4,000,000,000.
Airtoken is earned by watching ads and downloading apps then redeemed (through AirFox only on its internal ledger) for mobile data and eventually physical goods. Its compatible with 500+ wireless carriers.
It is an extremely detailed and informative (and long) white paper containing all of the information. Ill share part of the summary.
AirToken (AIR) - The Token for Mobile access
● 1.8 billion people operate in a $10 trillion underground economy
● 2 billion people unbanked
● 4 billion people have yet to receive internet access due to mobile affordability
● 80% of the world is on a prepaid phone using on average 500MB of data / month
● Billions more underserved by their local banks, telcos, and governments
AirFox’s vision is to make the mobile internet more affordable and accessible and the biggest
limitation for our customers is access to capital. AirFox is positioned to create mobile capital for
advertisers, users, and carriers using the blockchain. AirFox uses advertising and micro-loans on
the blockchain to unlock unrealized mobile capital through a new cryptocurrency - The
AirToken (“AIR”). AIR technology harnesses the decentralized power of the Ethereum
blockchain using a digital ledger of the user’s mobile phone data as well as advertising and
proprietary “credit-score” algorithms to reward and finance users with AIR. AIR are
redeemable for mobile data, and, eventually, physical and digital goods. AIR monetizes the
user’s smartphone by rewarding and financing the user for attention and good behavior while
expanding the pie for the entire ecosystem that wants to further maximize on this audience
(carriers, publishers, and advertisers).
AirFox quickly established itself as the leader in affordable data plans for US-based prepaid
wireless carriers. Incubated at Harvard’s Innovation Lab, AirFox is a TechStars Boston alum and
is venture backed by several leading organizations. Over the last year, AirFox’s business-to-business platform has enabled more than 2 million unique United States prepaid wireless subscribers to reduce their mobile costs while helping wireless carriers better serve their customers. AirFox has also delivered over 1 billion impressions to advertisers helping them reach a lower socioeconomic audience.
AirFox Android Apps Powered by the AirToken Blockchain
AirFox’s free Android apps, AirFox Recharge and AirFox Browser, enable any prepaid mobile
subscriber on Earth to earn AIR. With both apps, users are rewarded in AIR for every ad
impression on their device. Users can then exchange those AIR for mobile data or use them to
send mobile data to others via 3.5 billion prepaid SIM cards and over 500 wireless carriers.
Eventually users will also be able to claim micro-loans of AIR.
● AirFox Browser - Browse, Save & Earn
○ The AirFox Browser blocks outside advertising and trackers that traditionally
consume over 50% of a user’s data plan. Once Android users download the
AirFox Browser, they gain fast internet access and can use their mobile data more
○ Users can opt-in to non-incentivized (i.e. they aren’t rewarded for clicking them,
only observing them) ads from AirFox and those will appear in the browser
periodically. Users earn AIR by opting in to AirFox ads.
● AirFox Recharge App - Earn, Buy, and Save
○ In this app, users can opt to view advertisements and complete offers (e.g.
complete surveys, install apps, watch videos, purchase goods, etc) to earn AIR.
The amount of AIR each offer is worth is displayed to the user before accepting
○ Ads are periodically displayed on a user’s smartphone after certain events; for
example, a call is ended or the phone is unlocked.
○ Users can also purchase AIR directly within the AirFox Recharge app using their
local currency in certain countries where AirFox has integrated this service. For
example, in the United States, a credit card could purchase AIR.
○ Eventually this app will also grant microloans of AIR to AirFox users based on
AirToken Future & Use of Funds
AirFox intends to the funds raised via the token sale to buy data in bulk, develop the micro loans
program, and expand its consumer-facing business worldwide. AIR will be used across all of our
platforms and products. AIR will first be contained to the Browser and Recharge apps,
eventually we expect to open up the token to external publishers and advertisers in order to
directly enable mobile capital access in their own properties using AIR. AIR will be a utility for
mobile data, and eventually it should be further used as we roll-out micro-loans and allow
external AIR developers and advertisers to launch our advertising reward and microloan system
within their apps and properties.
[Edit- Brazil is first to recieve bulk data purchase]
AirToken “AIR” Creation Event
AIR will only be created during a single event commencing September 19th, 2017 at 10:00AM
EST. AirFox aims to create up to $21 million of AIR for sale in exchange for ETH. The
maximum number or AIR minted will be 1.5 billion (1,500,000,000).