Our blog is here to help you to find the best investments. Today we will review a company called Bitrace for you.
What is Bitrace?
Bitrace Investments LTD is a British financial blockchain company based in London. The company is a member of the KJ Holdings Corp and is currently developing the Tunisia Racing F1 City project. The idea of the project is to create a Formula 1 track with hotels and recreational units around it in Tunisia, which will be a huge plan.
What does this have to do with blockchain, though? Not much, really, but the company is planning to release an Initial Coin Offering (ICO) to finance this venture. Why is that? Because they are currently a very rentable way to make some money. Also, they are offering many benefits to token holders.
Some partners of the company are ICO Bench, Track ICO, Foxico, ICO Alert, BDSwiss, ICO Tracker, among others. Partnerships with all these companies are helping Bitrace to launch a token (BRF) that will let its users have advantages. The president of this company is Khaled Akid who has plenty of experience in this field.
How Does Bitrace Work?
Basically, you will have to acquire BRF tokens and then you will be eligible for some benefits (and also able to sell your tokens for a higher price later). You will be able to use your tokens to purchase many different products in the Tunisia Racing F1 City when it is finally complete; purchase Timeshare for our Holiday; flight tickets; rent cars in some Mediterranean countries and many other things.
Other interesting services that you might purchase are LaBelle and LeBeau services and make investments and trades using BDSwiss.
Finally, you will also receive money for holding the tokens. 20% of the net profit of the construction of the Tunisia Racing F1 City will be distributed among the holders of the tokens.
How to Invest in Bitrace BRF ICO
To invest in Bitrace you will need to buy its BRF tokens. Your chance to do this will be during the Initial Coin Offering (ICO) that the company is currently planning. The pre-sale of the ICO has already started and it will last until February 25. The main sale will happen as soon as the pre-sale is finished and it will last for another finishing on March 25.
The price per token is 1 ETH per 9000 BRF tokens. The USD price is $1,75 USD per token. If you buy then until February 5, you will get a bonus of 30%. This bonus decreases to 20% until February 15 and 10% until February 25.
The soft cap of the sale is 3,000,000 USD and the hard cap is 57,626,400 USD. All unsold tokens will be discarded from the economy. The token sale will be secured via smart contracts and you will be able to pay using BTC, BCH and ETH.
Investors from all over the world will be accepted, except the United States, Singapore and China.
The Bitrace BRF ICO Verdict
Is this a good investment? It can be good, but you have to take some points into consideration before you decide to invest in Bitrace. The first is that you are not buying a cryptocurrency that will really be used in the future, only an asset that will grant you some privileges and dividends. So if you are looking for a currency to buy, you should look somewhere else for it.
On the other hand, the company seems very organized and it already is a part of a large holding company, so you do not need to be especially concerned about the possibility of Bitrace being a scam or something like this. In fact, this will probably be a profitable investment for you.
In the end, you are the one who has to decide if you are going to invest in Bitrace or not. This might not be the most perfect investment in the world, but it is certainly a very solid one, so it might be good enough for you.