Faxport: A Global Sports Business Service and Investment Platform
Faxport is a global sports business service and investment platform. You can simply consider it as Kickstarter, Facebook and LinkedIn for sports. The sports industry is a standout amongst the most recognized and fast growing industries in the world. In 2017, research demonstrated that the production value of the global sports industry has soar to $200 million USD per annum and this includes sports and fitness industry, sporting merchandise, competitive sporting events, scene operators, traditional sports media and intermediaries. The sporting industry also has comprehensive sporting providers and sporting equipment providers who are core participants in the ecosystem, improving and developing the sports industry ecosystem.
FAXPORT'S GOALS
Reestablishing trusts relationship :
Lack of trust has led to the numerous problems plaguing sports and has lead to participants, including industry employees and sports hobbyists, distancing themselves from the sports ecosystem. This latent danger has inverted the core value system in which sports, exercise, and its industry should be grounded. Faxport will utilize naturally decentralized 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 providing a platform for participants with a user experience based on trust and security.
Establish a global interconnected communication network platform for sport practioners :
As sports globalizes at an accelerating pace, contact between those engaged in the global sports industry is growing in tandem. Data of the entire sports industry covering all of Europe demonstrates that only 12% of employees expressed a lack of interest in completely new work opportunities. Based on blockchain, Faxport has created a "LinkedIn" for the vertical sports industry field. Utilizing blockchain technology to counter core problems, for example, resolving data accumulation, privacy security, data falsification, it provides a true identity and resource for sports industry talent engaged in networking and recruitment environments, raising the industry's overall operations productivity, whilst also bringing global sports industry talents together, creating a networking platform for globalized sports talents, conveniently maximizing functions, for example, resource exchange, business networking, and talent recruitment.
Accelerating mobility in global sport business faxport :
Is creating a sports business service platform based on new trust mechanisms, which not only truly display the corporate brand and its promotion, but also release an upgrading of the entirety of its brand value, leading to the promotion of the brand across the world. And in this manner coming into contact with a real international voices. It is industry leading, in line with capital trends, and influences government. It clearly understands that sports industry growth trends mean actively and easily crossing regional barriers, bringing each participant's great resources together, and thereby facilitating effective collaboration. Faxport plans to rebuild a sport-version Kickstarter, provides financing, incubation and acceleration service. As an investor, you can also instantly invest and fund any sports program in the world through crypto currency. Faxport will accelerate the product and service cycle, linking together stakeholders in global online sports business, as well as that of the fluidity of global sports business.
Lowered monetary costs :
Benefiting from the application of Faxport's artificial intelligence agreements, the platform participant can easily verify the credentials and identity of another party when engaged in communications and transactions on the Faxport platform, thereby raising the transparency, proficiency, and security of transactions in multiple ways. This greatly reduces operating costs, achieving effective coordination, optimized resource allocation and also lowers overall financial costs.
Project 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 wrapped up.
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
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 utilized, in addition to the legal tender, to purchase FX credit on Faxport (the value of FX 1 credit is settled at US$0.1), allowing further purchases of all sorts of service products on the platform. There is a 15% discount for utilizing 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% profit 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 as per 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 utilize 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.
To Learn more about this project, you can visit:
Website - https://faxport.io/
Whitepaper - https://s3-ap-southeast-1.amazonaws.com/cdn.faxport.io/static/b7969d4d/other/Faxport%20Whitepaper%20en.pdf
ANN - https://bitcointalk.org/index.php?topic=3216347
Telegram - https://t.me/Faxportglobal
Authored by Lelvin: https://bitcointalk.org/index.php?action=profile;u=1275173