The sports industry is one of the most recognized and fast growing industries in the world. In 2017, research showed that the production value of the global sports industry has sky rocketed to $200 million USD per annum and this includes sports & fitness industry, sporting goods, competitive sporting events, venue operators, traditional sports media and intermediaries. The sporting industry also possesses comprehensive sporting providers and sporting equipment providers who are core participants in the ecosystem, improving and developing the sports industry ecosystem. Despite the fast growing nature of the sports industry, it is posed with some challenges such as:
• High transaction commission and service charges
• False reports
• High foreign exchange fee
• Lack of trust
• Low level of informationalisation in the sports industry
The solution is with Faxport. Faxport is a decentralized platform using blockchain technology based on Ethereum smart contract development. It was set up in 2016 to establish an economy based on blockchain’s three main advantages of transparency, security and efficiency and 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. Its goals are:
- Re-establishing trust relationships
- Establishing a global interconnected communication networking platform for sportsmen
- Accelerating mobility in global sports commerce
- Lowered economic cost
TOKENS
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
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
PROJECT MILESTONE
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
Faxport platform is based on trust and security set to take over the sporting industry. 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
Telegram: https://t.me/Faxportglobal/
Twitter: https://twitter.com/Faxport_EN/
Facebook: https://www.facebook.com/Faxport_Global-150461205635116/
Published by: ogtejiri
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1790132
Ethereum wallet: 0x33E8810b5432ccD823b6c45975A55Fb9F6c931D6