FAXPORT

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Standardizing The Sport Industry


Sports commerce is still developing globally. The sports industry is one that is widely popular and has grown at a rate of 5% yearly in the last 10 years. In the UK, 2.4% of the workforce are engaged in sports.

The US has a similar value with 2.5%. According to data, the sports industry globally, has a production value of about $200 million USD, yearly (includes competitive sporting events, sports & fitness industry, sporting goods, venue operators, intermediaries, and traditional sports media).


The sports industry is, however, faced with some challenges like distrust which has birthed a disinterest among sport participants (employees and those that practice sports as a hobby). Also, sports data is hugely accumulated, lacks privacy security, has high transaction commission and service charges, plagued with false reports, exorbitantly high foreign exchange fees, is falsified and still lacks the required pace needed to grow the sports industry in terms of capital, collaboration, etc.

Faxport wants to resolve these challenges as well as evolve the sports industry and its overall commerce by re-establishing trust relationship, establishing a global communication networking platform that is interconnected for sportsmen, as well as speed up the overall growth of sports commerce globally.

Faxport will also lower economic cost and optimize the allocation of resources in sports via the application of its artificial intelligence agreements that enable its participants to verify the credentials and identity of another party with ease when carrying out transactions and communications on the Faxport platform.

It should be noted that Faxport is in active joint operation with China’s largest sports commerce database and is also taking the lead in the Japanese sports workforce. The Faxport project is based on the Ethereum smart contract which will help redefine methods of transaction.

Faxport also has its token (FAS) which can be used to buy FX (credits that are used on the Faxport platform) with discounts. The FAS token is the standard investment equivalents on FAX GO crowdfunding platform.

FAXPORT TECHNOLOGICAL FRAMEWORK


The Faxport technological framework has the following features:

Data storage
Data sources
Data analysis
Data processing
Data application

FAXPORT BUSINESS MODEL

Faxport will charge a service fee of 5% for investment projects, and a range of 0.2% - 2% as service charge. Faxport will ensure that its users don’t feel obliged to make payments in order to use its services during normal use.

FAXPORT TOKEN (FAS)

Faxport token (FAS) is based on the ERC20 Ethereum standard. A total of 200 million FAS have been issued. The FAS can be used to buy FX credit on Faxport, as well as fiat currency. Note that, FX has a value of US$0.1 per 1 FX). Also, a 15% discount exists for FX purchase with FAS.

There will be a dividend of 15% for holders of the FAS token every quarter. This will, however, be based on the service charge of transactions on the Faxport platform.

USES OF THE FX

Data reference
Contributing data
Data review
Service payments
Cross-border accounting

TOKEN DISTRIBUTION


20% - Pre-ordering period
25% - Formal sales period
15% - Teams
15% - Stakeholders, Consultants, and Partners
22% - Faxport Ecosystem budget
3% - Marketing reserve

FUND USE


15% - Operations expenses
15% - Partner networks
5% - Reserve funds
35% - Research & Development
30% - Sales & Marketing

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 SUCCESS

Li Xiaocheng - Co-founder
Huang Zhijin - Co-Founder
Haibing Gong - Tech Partner
Tom Tong – Marketing Director
MeiKei Cheung - Business Manager
Leung Wai - Senior Business Manager
Meider Shaw - Social Media Manager
Jiang Hao - Business Manager
Zhiwei Ho - Customer Support Specialist

ADVISORS

Nanjie Wang - Investor & Adviser
Shek Xiang - Adviser

More Information Visit The FAXPORT Link:
ETH Address : 0x8BF5F2559AeAe3f5CBf48cD6994A3fDb9B2Bc0a8

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