AirToken Final TGE Updates

TLDR:

  • Compliance and Registration was successful — 2,000+ contributors, 92% of the $15M cap filled.
  • Extended Contribution Registration — Opens October 5th — closes October 7th. @ https://sale.airtoken.com/ official ETH address: 0x762c0f710cddbae48d121f87af45b392cec2c815 (DO NOT SEND ETH UNTIL REGISTRATION IS COMPLETE)
  • “Public ICO” is only a TGE, registration required. Date: Tuesday, October 10th at 12pm EST.
  • TGE on Tuesday, October 10th at 12pm EST — when AirTokens are minted, distributed, transferable and traded via the AirToken smart-contract — https://github.com/AirFoxOfficial/AirTokenContract
  • Shutting down Slack because of scammers — All official communication moving to Telegram https://t.me/airfoxico

1) TGE Registration and Whitelist Contribution Results

In the last few weeks we’ve been letting people register to the AirToken whitelist to gauge interest and to do proper KYC in order to comply with exchanges and regulatory agencies to the best of our ability. We limited the contribution amount to $50,000 per person with a minimum of $300 in order to be fair to the community and to reduce AML risk. AirFox had around 7,000 people sign-up with a total of $35M “soft-committed” pre-registration, KYC and compliance. Contributors then had to go through an extensive KYC and AML procedure. After a drop off due KYC, removing high risk countries like China, and not accepting contributors that did not pass the AML process, we are left with the final results:

Post Registration & Final Contribution:

  • Number of Contributors: 2,021
  • AirTokens Sold: ~966M (92%)
  • Estimated USD: ~$13.8M
  • Average Per Person Contribution: $6,828

________________________

  • AirTokens Left: ~84M
  • Estimated USD Amount to hit cap: ~$1.2M

Our goal was to hit a $15M “net” raise post bonuses and costs, those costs come from the $21M hard cap. We understand this was a bit confusing. The bonuses came out of the hard cap and to be fair to the community we are not issuing new tokens or raising the cap in order to keep the the same amount of AIR sold fixed which equates to 70% (1.05B AIR) of all 1.5B tokens created.

2) TGE Info & Extended registration

Public registration and contributions will start tomorrow October 5th and will only stay open until October 7th Saturday 12pm EST https://sale.airtoken.com/

After the cap is reached and the public registration ends, AirFox will run final contributor list with our KYC / AML Partner — IdentityMind to remove any last non-qualified purchasers, issue non-qualified contributor refunds and finalize the last piece of compliance. Lastly, the final list of AIR contributors post compliance will have their respective ETH Addresses hard-coded into the smart-contract and on Tuesday, October 10th at 12pm EST is when we will mint, distribute and trade the AIR Token.

There will be no “Public ICO” since the cap is almost reached and registration is required. The days of randomly taking cryptocurrencies from anyone for an ICO are over. In order to comply with the law in a more regulated crypto and token sale landscape, ICOs will now have to register and regulate token buyers. A proper KYC process is also now a requirement for big exchanges that will list the token so AirFox is trying to comply to the best of our ability for the long-term success of the token and of the company.

The “Public ICO” itself is only a formality to mint and distribute the tokens via our smart-contract.

TGE on October 10th — Token Contract Address:

(DO NOT SEND ANY ETH) https://etherscan.io/token/0x27dce1ec4d3f72c3e457cc50354f1f975ddef488

Smart Contract:

https://github.com/AirFoxOfficial/AirTokenContract

We will perform the “formal” TGE on Tuesday October 10th at 12pm EST. The tokens will be minted, distributed and tradable immediately. Instead of having the Public ICO run for 30 days or until we reach the cap, the cap will already be reached through pre-vetted registration and whitelist sales resulting in an automatic close of the token sale, triggering the TGE.

3) Slack Shut Down — All Official Communication through Telegram

Slack has been a playground for automated bot scams. Scammers use social engineering and automated bots impersonating the company and messaging users in order to trick contributors to send ETH to a fraudulent account. This is Slack’s fault and unfortunately this spam is not stoppable unless we shut it down. Unfortunately Slack bot scams have been prevalent in every ICO using Slack. AirFox will use telegram as the main channel of communication. This is the official AirFox ICO telegram account: https://t.me/airfoxico

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