The Airfox Ethereum-based AirToken (symbol: AIR) is one of the first registered as a class of securities under the Exchange Act. Airfox is committed to transparency and compliance with emerging government guidelines, and AirToken transfers remain temporarily paused. Airfox expects to open trading of AirTokens again upon implementation of anticipated regulatory guidelines regarding the trading of tokens that are securities.
In November 2018, Airfox reached a notable settlement with the U.S. Securities and Exchange Commission (SEC) related to the issuance of AirTokens in our October 2017 initial coin offering. As part of the settlement, Airfox filed a Form 10 registration statement for its blockchain token (AirToken) with the U.S. Securities and Exchange Commission under Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act).
A claims process was made available to individuals who acquired AirTokens from Airfox during the ICO. The claims period officially came to a close on Sept. 28, 2019. All claims were processed in accordance with the terms and provisions set forth in the SEC Order.
Airfox continues working to accelerate financial inclusion for all with an innovative, mobile-first financial services model that increases access to capital and banking services. For updates on the latest from Airfox, join us on Telegram or follow us on follow us on Twitter. The updated Airfox white paper, which details the company’s expected roadmap is available here.