Faxport – Sport Business Service And Funding Platform
Hi everyone! Meet again with me Kartika. Today, I will explain about Faxport. Faxport is one of the sports service and funding platforms. For more details let’s refer to my article ^_^
By 2017, the global sports market output has exceeded 2 trillion U.S. dollars. But in emerging markets like China, more and more companies and projects are willing to join.
As an Internet project combined the nature of blockchain, Faxport aims to solve many problems in sports, such as the flow of globalization, trust between corporates and participants, project and product fundraising and investment, and talent recruitment. Another co-founder Davids has always been the head of operations for the sports investment incubator. After analyzing many projects, he points out that the largest problem is that there is no professional platform dedicated to the sports industry, even if this industry is close to or exceeds vehicle, entertainment, education, etc.
Faxport has started their exploration in two typical sports business market segments, China and Japan. In China, Faxport cooperated with Kuai Tiyu company and established a database containing more than 40,000 companies and 60,000 practitioners. This database will continue to accumulate on a global scale and may become the most comprehensive sports and corporate database ever built. Unlike China, the sports business market in Japan is relatively mature. Owing to the anticipated stimulus of the 2020 Tokyo Olympics, people in Japan all have established or developed sports-related business departments from the government level to enterprises. Faxport will be officially operating in Japan in the middle of 2018, through cooperation with the largest local sports talent recruitment company.
What Is Faxport
Faxport is a blockchain-based sports business service platform. Faxport will utilise naturally decentralised and unalterable distributed ledger technology to increase security and mutual trust levels, whilst also reducing abuse and establish a trust system for the global sports industry. Thereby, we provide a platform for participants with a user experience based on trust and security.
Faxport utilises the blockchain’s advantages of being decentralised, having secure encryption, being unalterable, and free from need of central trust organisations, fo- cusing on its usage in its core business of sports commerce databases, commercial networking, and talent recruitment. It is a complete ecosystem targeted at solving the challenges and problems faced by the developing global sports market. It aims to raise user retention through the adoption of positive encouragement and dispute resolution mechanisms, and also attempt to grow into more usage arenas and re- gions.
How To Utilise Blockchain Technology?
Faxport uses the database constructed on Ethereum. It combines the technology of smart contract, IPFS
and traditional distributed database to store data. Data survey work will be conducted by the dPOS authorization consensus mechanism, which ensures
the higher degree of privacy, reliability, and expand-ability.
- FAS is the token Faxport issues. You can use FAS to buy FX with discounts, and FAS is also the standard investment equivalents on FAX GO crowdfunding platform.
- FX, a reward credit, can be purchased with FIAT or with FAS. FX and reward mechanisms make Faxport efficient and active
Faxport’s goal is to become the most popular and professional sports service platform in the world. Its objective is to create a more transparent and reliable sports economy based on three key security, transparency and block efficiency benefits. Krome Togo, the number of active users of Faxport, has a significant overall impact and radiation, which will lead to Rynku’s fairer and more transparent global sports services.
What Is The Problem That FAXPORT Solved?
FAXPORT is based on Bokchain’s technology and is completely hierarchical. As a result, no one can forge a report, save money, or change the final estimate. All transactions, pricing and other features are visible to the public and exclude fraud.
The main purpose of the FAXPORT platform is to overcome the widespread corruption and deception in the sports industry. This project has begun and proves its effectiveness not only on paper. Therefore, investment is now profitable and simple.
Faxport Business Model
Faxport will charge a service fee of 5% for investment projects, and a range of 0.2% – 2% as service charge. Faxport will ensure that its users don’t feel obliged to make payments in order to use its services during normal use.
Faxport Products are available
Because the sports industry is large in size, collecting data is sometimes difficult. Data can refer to the number of sports companies, the number of employees or even investment and financial history. Faxport combines data collected from various sources and provides users with open access so users can upload and edit data themselves. This not only ensures that the data provided is of high quality but also reduces the total execution time of the search data. When the platform is based on blockchain, the database can be called 100% trusted.
It connects the participants of the global sports industry. Since all transactions conducted on this platform are recorded, all stakeholders will have a consistent basis for trust, allowing people to find reliable partners.
The platforms allow employers to more effectively reach job seekers through the FX Rewards Mechanism. This makes the entire recruitment process more efficient, less expensive, and reduces the cost of recruitment compared to traditional ones.
Faxport’s Blockchain facility ensures that its transactions are always recorded and can not be changed. This leads to both parties involved in the transaction being able to cooperate and issue good judgments and decisions.
This is a decentralized sports platform that uses community voting and smart contracts to help investors or fans participate in funding projects that can not grow well due to lack of funds.
Sports Crowdfunding Platform
Through community voting, smart contracts and other blockchain technologies, a community autonomy sports investment and crowdfunding platform is constructed. Users support the subject including but not limited to athletes, events, startup projects and products in the community by using the ballots they have.
- Sports Venture Capital
Startup company raises project funds at FAX GO for company operations and business expansion, and brings return to investors.
- Sports Equipment Crowdfunding
Sports equipment manufacturers can raise R&D funds and pre-sale for their new products at FAX GO.
- Event Crowdfunding
Athletes and sports lovers can release a crowdfunding at FAX GO for a small event.
- Athlete Crowdfunding
Young athletes can release funds for their personal growth at FAX GO for higher development.
Sports Business Database
Faxport records global sports industry data, including but not limited to company information, industry information, supply information, venue information, building a 100% fully-trusted database through blockchain.
Sports Business Social Network
By connecting global sports industry participants, everyone can find trustworthy business partner on Faxport.
Sports Talent Recruitment
Recruiters can reach job seekers in a more efficient way by setting up rewards to accelerate and amplify the spread of recruitment information through Faxport.
Reward Mechanism Faxport
Is equipped with a complete set of reward mechanisms. These mechanisms are based on Ethereum’s smart contracts, which ensures that they are open, fair, trustworthy and enforceable. For example, when a user contributes data, the reward contract will be run, and return a certain amount of FX credit as a reward. In addition, the user can use FX to purchase VIP services such as in-depth reports, business networking, talent recruitment from within the platform.
Tokens And Credit
The value of FAS and FX :
The token circulated by Faxport is based on the Ethereum standard Erc20 and has the transaction code FAS. FAS can be used, in addition to the legal tender, to purchase FX credit on Faxport (the value of FX 1 credit is fixed at US$0.1), allowing further purchases of all kinds of service products on the platform. There is a 15% discount for using FAS for purchases compared to legal tender. The value of FAS will grow as the numbers of users and clients of the Faxport platform grows, with transaction prices rising on market transaction segments in tandem. In addition, there will be a 15% dividend for FAS holders every quarter based on the transaction service charge on the Faxport platform.
Usage of FX :
- Data reference.
- Data review .
- Contribution data.
Usage of FAC ENVIRONMENT :
The user obtains FAS either at the ICO stage or during the transaction stage during a subsequent transaction. FAS can also be exchanged the corresponding amount of FX on the Faxport website in accordance with current market values. Example: If the market value of FAS is US$1, then 1 FAS=10 FX; if the market value is US$10, then 1 FAS = 100 FX. Faxport’s users can either use earned FX from a variety of different behaviors on the platform or any previous stored FX, to withdraw and exchange into FAS. Funds are withdrawn to a third part operated transaction.
- Pre Sale #1+25%
1 ETH = 3,764.00 FASMar 30 – Mar 312 Days
- Pre Sale #2+20%
1 ETH = 3,613.44 FASApr 1 – Apr 1818 Days
- Crowdsale #1+15%
1 ETH = 3,462.88 FASApr 25 – Apr 295 Days
- Crowdsale #2+10%
1 ETH = 3,312.32 FASApr 30 – May 910 Days
- Crowdsale #3+5%
1 ETH = 3,161.76 FASMay 17 – May 3010 Days
Total Supply 200,000,000 FAS
Soft Cap 18,000,000 FAS
Pre Sale Target 40,000,000 FAS
Token Sale Target 50,000,000 FAS
- 20% | 40,000,000 (Pre Sale)
- 25% | 50,000,000 (Crowdsale)
- 22% | 44,000,000 (Faxport Ecosystem Preparation)
- 15% | 30,000,000 (Team)
- 15% | 30,000,000 (Investors and Advisors)
- 3% | 6,000,000 (Marketing Budget)
- November 2016 – Faxport Team Composition
- February 2017 – Faxport Beta Activity
- May 2017 – 40,000 projects and companies included in the database
- Aug 2017 – Start working with Fax Port (Kuaitiyu)
- December 2017 Communication , Recruitment and user system completion
- February 2018 – Fax port to achieve cooperation goals in Japan March
- 2018 – Pre-sale of FAS April
- 2018 – FAS officially opened
- June 2018 – It is operated.
Q3 2018 – Above recruitment and financial and end-user systems for block chain products
Q4 2018 – Entry into Korea, Hong Kong and Taiwan markets;
Q1 2019 – Completed Block Chain 2.0.
Q2 2019 – Initiate data analysis for enterprise and internal management and operational systems.
The core team now has 16 members involved in the research and development of this project, mainly in Hong Kong, but also in mainland China, Tokyo, Europe and North America. At the same time, we are recruiting more market and business partners as well as the engineers in blockchain technology to make Faxport faster and better. It is expected that the number of teams will increase to 40 in the next six months.
2019 – Fax ports enter the North American and European markets.
- Vincent Lee – Co-Founder
- Davids Hwang – Co-Founder
- Haibing Gong – Tech Partner
- Tom Tong – Marketing Director
- Hainan HU – Tech Support
- Hao Jiang – Business Manager
- Aaron Zhao – Senior Business Manager
- Meider Shaw – Social Media Manager
- ChiWai Ho – Customer Support Specialist
- Jason Hung – Adviser
- Nanjie Wang – Investor & Adviser
- Shek Xiang – Adviser
- Alex Chang – Adviser
- Juan Otero – Adviser
- Timo Trippler – Adviser
- Alex Linenko – Adviser
- Thomas McLaughlin – Adviser
- Dean Karakitsos – Adviser
Faxport is something new that the blockchain gets to see and the features it provides is something new that the sports industry will get to see. It does show a good amount of calibre to bring the desired change in the sports industry by reforming certain ways in which things have been done till date. The experience they have gathered in the team has lead them to be very clear about the idea as to what they are doing and the place where they are heading and this will surely act as a plus point for Faxport.
Faxport is a promising project that not only tries to introduce services in this field, but also organizes merchandise shopping and events, completely overturning the control concept of the sport. sports. So buy now. Each person receives a profitable investment that will bring tokens as well as future dividends.
So no more hesitate and join Faxport ICO and Let’s fight for a brighter future of sports business.
More Info About Faxport on :
- Website: https://faxport.io/?utm_source=BCT.
- White Paper: https: //s3-ap-southeast-1.amazonaws.com/cdn.faxport.io/static/54dd5a4f/other/Faxport%20Whitepaper%20en.pdf
- Telegram: https://t.me/Faxportglobal/.
- Twitter: https://twitter.com/Faxport_EN/.
- Facebook: https://www.facebook.com/Faxport_Global-150461205635116/.
Bitcointalk Username : Kartika1
Profile Link : https://bitcointalk.org/index.php?action=profile;u=1964049
ETH Address : 0x941C6ca63C1855a2c4B5aAC13B4729fF816f5fDb