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 inherent danger has inverted the core value system in which sports, exercise, and its industry should be grounded.
Faxport seeks to solve the challenges that the developing global sports market faces, including one mentioned above.
For more about faxport, check this article out!
ABOUT FAXPORT
Faxport is based on the blockchain sports commerce service platform. It was set up as a project group at the end of 2016, for development and operations. In 2018 the company Faxport Holdings Limited was globally registered in the Seychelles, with all operations conducted as a holding company. Directly connecting with global sports commerce participants, service providers and consumers via the decentralised block- chain network, it promotes positive interactions within the global sports commerce market. It is improving and raising the level digitisation present within the sports commerce market, as well as providing a greater degree of structure as well as in- formationalisation. It looks to establish an innovative sports commercial service eco- system founded on trust, encouragement, convenience whilst also being free of commission.
Through the adoption of positive encouragement and dispute resolution mechanisms, it aims at raising its user retention on the platform. Faxport seeks to establish a commercial ecosystem in sports that is innovative, founded on trust, security and encouragement, is convenient and commission-free as well.
Faxport utilises the blockchain’s advantages of being decentralised, having secure encryption, being unalterable, and free from need of central trust organisations, fo- cusing on its usage in its core business of sports commerce databases, commercial networking, and talent recruitment. 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 arenas and regions.
One of the main achievements in sports that can be attributed to Faxport is the fact that it is improving and raising the level of digitization in the sports commerce market and providing a greater degree of structure as well as informationalisation.
Faxport has an active partnership in china with Kuaitiyu, which it is jointly engaging in handling of China’s largest sports commerce database. It is also undertaking plans to form a partnership with a well-known Japanese human resource service provider; this will result in it achieving its project implementation in the Japanese market in 2018.
FAXPORT PRODUCTS
Commercial Database
Because the sports industry has a large market size, obtaining of data can sometimes be difficult. The data could refer to numbers of sports companies, employee numbers or even investment and financing history. Faxport unifies data it obtains from various sources and provides it to users with open access so that the users can upload and edit the data themselves. This not only ensures that the data it provides is of high quality but also reduces the total time taken for data searches. As the platform is blockchain based, the database can be termed as 100% trusted.
Commercial Network
It connects the participants of the global sports industry. Since all the transactions conducted on the platform are recorded, all the parties involved will have an equal basis of trust for each other therefore enabling everyone to be able to find trustworthy partners.
Talent Recruitment
The platforms enables recruiters reach job seeker more efficiently through its FX credit reward mechanisms. This makes the entire recruitment process more efficient, less costly, and with reduced recruitment outlays compared to the traditional mechanisms.
The blockchain basis of the Faxport ensures that the company’s transactions are always saved and that any information cannot be altered. This results in both parties participating in the transactions being able to co-operate and make well-informed judgments and decisions.
FAX GO (Sports Crowdfunding Platform)
This is a decentralized sports crowdfunding platform that utilizes community voting and smart contracts to enable investors or fans to take part in the financing of projects that have been unable to develop well due to lack of capital. Sports investment and crowdfunding platform is constructed through community voting, smart contracts and other blockchain technologies. Sports Venture Capital; Sports Equipment Crowdfunding; Event Crowdfunding; Athlete Crowdfunding
FAXPORT ICO DETAIL
Token: FAS
Platform: Ethereum
Type: ERC20
PreICO #1 price 1 ETH: 3,764.00 FAS
PreICO #2 price 1 ETH: 3,613.44 FAS
Price in ICO #1 1 ETH: 3,462.88 FAS
Price in ICO #2 1 ETH: 3,312.32 FAS
Price in ICO #3 1 ETH: 3,161.76 FAS
Total Supply: 200,000,000 FASSoft Cap: 18,000,000 FAS
Pre Sale Target: 40,000,000 FAS
Token Sale Target: 50,000,000 FAS
Token Distribution:
- Pre Sale: 20% (40,000,000)
- Crowdsale: 25% (50,000,000)
- Faxport Ecosystem Preparation: 22% (44,000,000)
- Team: 15% (30,000,000)
- Investors and Advisers: 15% (30,000,000)
- Marketing Budget: 3% (6,000,000)
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 reaches a co-operative intent in Japan.
March 2018
FAS pre-orders.
April 2018
FAS formally launched.
JUNE 2018
Faxport formally engages in work in Japan.
Q3 2018
Reward systems for recruitment, investment and financing, an 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.
FAXPORT TEAM
BOARD OF ADVISERS
FOR MORE INFORMATION ABOUT FAXPORT:
FAXPORT SOCIAL MEDIA:
ABOUT AUTHOR
Forum Username: tpq01349
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