Faxport ICO (FAS Token): Blockchain Sports Business Funding?
Faxport is a global sports business platform that is blockchain based and it seeks to solve the challenges that the developing global sports market faces. It aims at promoting positive interaction within the global sports commerce market through directly connecting the participants, service providers, and the consumers through the decentralized blockchain network.
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.
About Faxport Achievements
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.
The Faxport token (FAS) is based on the Ethereum standard ERC20. Apart from being used in trading, the FAS can be used to purchase FX credit on Faxport, which will allow purchasing of more services on the platform. The values of FAS are expected to grow as the number of users and clients of the platform grows. The total supply of FAS Total Supply is 200,000,000 and the presale price of the token is at 1 ETH for 3,764.00 FAS
Faxport Available Products
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.
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.
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.
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.