FAXPORT

FAXPORT

Urang kuceng

FAXPORT - Standardizing The Sport Industry

Peaceful greetings of the universe, this time I will discuss about ICO or project FAXPORT, thanks for taking time to read this article. Sampean Pancen Ngeten (JOSS).


Sports commerce is still developing globally. The sports industry is one that is widely popular and has grown at a rate of 5% yearly in the last 10 years. In the UK, 2.4% of the workforce are engaged in sports.


The US has a similar value with 2.5%. According to data, the sports industry globally, has a production value of about $200 million USD, yearly (includes competitive sporting events, sports & fitness industry, sporting goods, venue operators, intermediaries, and traditional sports media).

The sports industry is, however, faced with some challenges like distrust which has birthed a disinterest among sport participants (employees and those that practice sports as a hobby). Also, sports data is hugely accumulated, lacks privacy security, has high transaction commission and service charges, plagued with false reports, exorbitantly high foreign exchange fees, is falsified and still lacks the required pace needed to grow the sports industry in terms of capital, collaboration, etc.


Faxport wants to resolve these challenges as well as evolve the sports industry and its overall commerce by re-establishing trust relationship, establishing a global communication networking platform that is interconnected for sportsmen, as well as speed up the overall growth of sports commerce globally.


Faxport will also lower economic cost and optimize the allocation of resources in sports via the application of its artificial intelligence agreements that enable its participants to verify the credentials and identity of another party with ease when carrying out transactions and communications on the Faxport platform.


It should be noted that Faxport is in active joint operation with China’s largest sports commerce database and is also taking the lead in the Japanese sports workforce. The Faxport project is based on the Ethereum smart contract which will help redefine methods of transaction.


Faxport also has its token (FAS) which can be used to buy FX (credits that are used on the Faxport platform) with discounts. The FAS token is the standard investment equivalents on FAX GO crowdfunding platform.


FAXPORT TECHNOLOGICAL FRAMEWORK

The Faxport technological framework has the following features:


  • Data storage
  • Data sources
  • Data analysis
  • Data processing
  • Data application


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 TOKEN (FAS)


Faxport token (FAS) is based on the ERC20 Ethereum standard. A total of 200 million FAS have been issued. The FAS can be used to buy FX credit on Faxport, as well as fiat currency. Note that, FX has a value of US$0.1 per 1 FX). Also, a 15% discount exists for FX purchase with FAS.


There will be a dividend of 15% for holders of the FAS token every quarter. This will, however, be based on the service charge of transactions on the Faxport platform.


USES OF THE FX


  • Data reference
  • Contributing data
  • Data review
  • Service payments
  • Cross-border accounting


TOKEN DISTRIBUTION

  • 20% - Pre-ordering period
  • 25% - Formal sales period
  • 15% - Teams
  • 15% - Stakeholders, Consultants, and Partners
  • 22% - Faxport Ecosystem budget
  • 3% - Marketing reserve


FUND USE

  • 15% - Operations expenses
  • 15% - Partner networks
  • 5% - Reserve funds
  • 35% - Research & Development
  • 30% - Sales & Marketing


ROADMAP


  • November 2016 - The Faxport project team is set up
  • February 2017 - Faxport beta operational
  • May 2017 - Database covering 40000 projects and companies established
  • August 2017 - Faxport enters into a partnership with the Chinese firm Kuaitiyu (no blockchain solutions proposal/)
  • November 2017 - Media, recruitment and user system completed
  • February 2018 - Faxport reached a co-operative intent in Japan
  • March 2018 - FAS Pre Sale
  • April 2018 - FAS formally launched
  • June 2018 - Faxport formally engages in work in Japan
  • Q3 2018 - Reward systems for recruitment, investment and financing, and users are completed atop the blockchain product
  • Q4 2018 - Entry into the Korean, Hong Kong, and Taiwanese markets; FAX GO demo launch
  • Q1 2019 - Blockchain product 2.0 finished.
  • Q2 2019 - Launch data analysis for corporations, as well as internal management and operations systems (Web and mobile clients)
  • 2019 - Entry into the North American and European markets


TEAM SUCCESS


  • Li Xiaocheng - Co-founder
  • Huang Zhijin - Co-Founder
  • Haibing Gong - Tech Partner
  • Tom Tong – Marketing Director
  • MeiKei Cheung - Business Manager
  • Leung Wai - Senior Business Manager
  • Meider Shaw - Social Media Manager
  • Jiang Hao - Business Manager
  • Zhiwei Ho - Customer Support Specialist


ADVISORS


  • Nanjie Wang - Investor & Adviser
  • Shek Xiang - Adviser


FAXPORT is a good ICO program.

Think business is pretty fantastic. It attracts people regularly.

Experienced and skilled cooperation is difficult to achieve.

We can build the ability to achieve goals.


Finally, what I can say is the tremendous potential of this company. All-round ICO is very striking. This is a great open road to enter the ICO world.


If you know how to improve our community.

If you know how to spread information about us in this world.

If you have any ideas for other improvements, it is a privilege

If you all participate in our bounty.

More Information Visit The FAXPORT Link:


Author : Urang kuceng

My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1536267

Report content on this page

Report Page

Please submit your DMCA takedown request to dmca@telegram.org