FaxPort [ICO]
What is Faxport?
Faxport is a blockchain-based sports business service platform. 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, we provide a platform for participants with a user experience based on trust and security.
Faxport utilizes the blockchain’s advantages of being decentralized, having secure encryption, being unalterable, and free from need of central trust organizations, fo- cusing on its usage in its core business of sports investment platform, sports busi- ness database, professional social network, recruitment, crowdfunding, etc. 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 areas and regions. The purpose of this white paper is to describe Faxport’s usage environment, the op- eration of each subsystem and delineate the utility of the Faxport Token throughout the entire ecosystem. It aims to establish a more transparent and reliable sports economy based on blockchain’s three main advantages of security, transparency, efficiency, and then undertake low cost, short time difference, and cross-national boundary capital trading and transfers, and from which fundamentally resolve the phenomena of fraud inherent in value exchanges and transfers.
The sports service industry lies at the heart of the sports industry. Primarily providing sports service products and labor to influence the rate of growth of the entire sports industry. The rate of growth of the sports service industry always serves as one of the primary indicators of the maturity of a country’s sports industry. The primary market products of the sports service industry include sports industry talent, capital, technology, intangible assets, information, and intellectual property. The sports ser- vice industry is relatively mature in the economies of North America and Western Eu- rope, comprising a gross output value of 80% of the entire sports industry. There are also areas in the growing global sports industry such as China. These are areas ex- hibiting explosive yet sustained expansion and growth.
It’s a decentralized sports crowdfunding platform clearing with cryptocurrencies such as FAS, BTC and ETH. Through smart contract, project side and invest side on FAX GO can control time cycle and return of investment of programs. Tom votes for a smart football pitch project he is interested in with their own ballot. Growing projects in the community will be pushed to the FAX GO platform for public fundraising as votes rise. Prior to this, Tom who has voted can become preferential investor and project community participant during the formal public fund-raising stage. From purchasing holding FAS, the project team can receive user investment in real time, and the usage and direction of this investment money, as well as the overall progress of the project is recorded and displayed in great detail within the blockchain. Faxport's vertical sports industry database platform will prove extremely useful for those deeply engaged in the sports industry, such as professionals, inves-tors, and job seekers. User kelvin can get rewards by providing valid infor-mation. The database will become the basis of other application scenarios.
Project Team:
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.
Token Details:
Token FAS
PreICO Price 1 ETH = 3764 FAS
Price 1 ETH = 3012 FAS
Platform Ethereum
Accepting ETH, BTC
Minimum investment 0.1 ETH
Soft cap 2,700,000 USD
Hard cap 13,500,000 USD
Country Hong Kong
Whitelist/KYC Whitelist
Restricted areas USA, China
Verdict:
Faxport’s goal is to develop the most mainstream and professional sports business service platform in the world. The project bases on Ethereum’s smart contract devel- opment. Ethereum is a commonly recognized, extensible, standardized, fully realized, and easy to develop and coordinate basis of the blockchain. Using Ethereum’s “Tu- ring complete” virtual machine technology, Faxport has redefined transaction meth- ods, and rules for state transition functions to construct every kind of smart contract within sports business services. Faxport’s project utilizes blockchain technology, bringing together the usage and business environments of the sports industry and the sports ecosystem chain, providing a decentralized sports ecosystem chain with open platform services for business participants, which uses the operating platform ecosystem and holds To- kens to achieve its business goals. 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 are tokens useable on the Faxport platform and can be used in all manner of sports business scenarios there. It also serves as an operational medium for smart contracts and transactional behaviors on the platform.
Important links:-
Website: https://faxport.io
Whitepapper: https://s3-ap-southeast-1.amazonaws.com/cdn.faxport.io/static/54dd5a4f/other/Faxport%20Whitepaper%20en.pdf
Telegram Group: https://t.me/Faxportglobal
Twitter: https://twitter.com/Faxport_EN
Facebook: https://www.facebook.com/Faxport_Global-150461205635116
Medium: https://medium.com/@faxport
ANN: https://bitcointalk.org/index.php?topic=3247514
Bounty: https://bitcointalk.org/index.php?topic=3247473.0