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).
How does the project create value to the ecosystem and differs from competing projects:
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.