FAXPORT- SPORTS BUSINESS SERVICE AND FUNDING PLATFORM

When we tune in our cable channels we see many interesting sports channels to view but do you know that the sports industry has been globally recognized as the liveliest industry of the 21st century? The industry has grown at an average of 5% per annum with the production value approaching $200 million in 2017. The sporting industry market is huge and it is made up of competitive sporting events, sports & fitness industry, sporting goods, venue operators, intermediaries and traditional sports media. The sporting service industry has contributed a lot to the sporting industry providing it with talents, capital, technology, intangible assets, information and intellectual property. Despite the fact that the sporting service industry has experienced explosive sustainable growth, it is faced with certain challenges. First is the issue of trust. With the fast growth of the internet, there is an obvious drift between sports managing organization, athletes and sporting enthusiast. Partners are becoming more worried because it is getting harder every day to identify counterfeits, fraud or even records being tampered with. Cords Added to this, records and records are being altered or falsifies making way for copyright disputes, unclear business module ownership, misrepresentation of identity and above all the ever persistent fraudulent activities associated with centralized platforms. Obtaining investment and financing history, transaction history, company and employee numbers, etc. is gradually becoming almost impossible with the increasing lack of security because this information cannot be relied on. The crux of the whole issue is the increasing charges associated with service and transaction commission and foreign exchange. And the long waiting periods in foreign exchange trading can be so annoying. There is a need for a solution to these challenges and that is FAXPORT. Faxport is a decentralized platform using blockchain technology based on Ethereum smart contract development set up in 2016 to establish an economy based on blockchain’s three main advantages of transparency, security and efficiency to directly connect global sports investors, service providers and consumers through the decentralized network aimed at solving the challenges and problems faced by the developing global sports market. The main aim is to establish a more transparent and reliable sports economy by undertaking low cost, short time difference and cross-national boundary capital trading and transfers which will eventually resolve the challenge of fraud in value exchanges and transfers. Overtime, the Faxport team has helped more than twenty sports startup projects to complete the formation and fundraising which earns profound industry experience. Also, recruiters can effectively search for job seekers using the faxport platform by setting up rewards to accelerate and amplify the spread of recruitment information through Faxport. The Faxport offers several products to make the different transactions easier for users of the platform and also to serve their users better and they are:
• FAX go
• FAX data
• FAX connect
• FAX career

TOKEN DETAILS
The token of Faxport has the transaction code FAS based on the Ethereum standard ERC20. It can be used in addition to legal tender to purchase FX credit on the platform. The next crowdsale will start on the 17th of May to the 30th of May, 2018 with the rate of 3, 161.76 = 1 ETH. The total number of tokens to be supplied is 200,000,000 FAS. The soft cap is valued at 18,000,000 FAS. The pre-sale target is 40,000,000 FAS while the main token sale target is 50,000,000 FAS. Another thing to note is that although FX can be used for rewards by companies and other information sharing rewards, it is just a credit in FAXPORT ecosystem and can only be redeemed with FAS.

TOKEN DISTRIBUTION

25%- Crowdsale
22%- Faxport Ecosystem Budget
20%- Pre-Sale
15%- Team
15%- Investors & Advisors
3%- Marketing Budget

FUND ALLOCATION

35% -R &D
30% - Sales & Marketing
15%- Operations Expenses
15%- Partner Networks
5%- Reserve Funds

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 & ADVISERS
Li Xiaocheng – Co-Founder
Huang Zhijin – Co-Founder
Haibing Gong – Tech Partner
Tom Tong- Marketing Director
MeiKei Chueng- Business Manager
Leung Wai- Senior Business Manager
Meider Shaw- Social Media Manager
Jiang Hao – Business Manager
Zhiwei Ho- Customer Support Specialist
Nanjie Wang – Investor & Adviser
Shek Xiang – Adviser

PARTNERS

Faxport is a trusted platform that which prioritizes security and transparency in the sporting ecosystem. Join the revolution today. For more information please visit the website and participate in any of our social media platforms listed below:

Website: https://faxport.io/?utm_source=BCT
Whitepaper: https://s3-ap-southeast-1.amazonaws.com/cdn.faxport.io/static/de3db62f/other/Faxport%20Whitepaper%20EN.pdf
Ann bounty: https://bitcointalk.org/index.php?topic=3247514.msg33816620#msg33816620
Telegram: https://t.me/Faxportglobal/
Twitter: https://twitter.com/Faxport_EN/
Facebook: https://www.facebook.com/Faxport_Global-150461205635116/
LinkedIn: https://www.linkedin.com/company/faxport/

Published by: ogtejiri
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1790132
Ethereum wallet: 0x33E8810b5432ccD823b6c45975A55Fb9F6c931D6