AirFox Logo

AirToken information

About the settlement

Read the SEC order here.

Rescission

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 was the first blockchain company to file a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) under section 12(g) of the Securities Exchange Act of 1934. A preliminary Form 10 was filed in March 2019, which was amended in May 2019, and can be viewed here. The Form 10 has not been finalized yet, and Airfox expects to publish its final Form 10 document in the coming weeks, although additional amendments are expected to be filed before the final Form 10 is effective.

As one of the first organizations to register its blockchain token with the SEC, the Airfox Ethereum-based AirToken (symbol: AIR) may be one of the first tokens registered as a class of securities under the Securities Exchange Act of 1934. This is a path to compliance with federal securities laws, and we anticipate that it will provide the regulatory certainty needed to spark the next wave of our innovation.

Airfox is committed to transparency and compliance with emerging government guidelines. To facilitate a fair claims process, AirToken transfers remain temporarily paused. After the rescission period is complete, Airfox expects to be able to open trading of the token again pursuant to new regulatory guidelines. During this period, Airfox will be actively working with exchanges or other trading platforms to enable AirTokens to begin trading again as soon as possible. Also refer to the Amended Terms and Conditions for AirToken.

For updates on this, join us in Telegram or follow us on Twitter.

The claims period is now open, and the final Claim Form for token holders is available here.

About Airfox

Airfox will continue working to democratize financial services for the billions of unbanked in emerging markets. To learn more about what's next for Airfox, read this. The updated Airfox white paper, which details the company’s expected roadmap is available here.

Twitter Facebook Mail