The First Global Sports Business and Funding Platform on Blockchain
For a young team like Faxport, it is a good start to achieve excellent scores on authoritative platforms such as TrackICO and ICObench. Before the publishment of the release, Faxport rates 5.0 and 4.9 respectively in the above platforms (the full score is 5.0).
The Faxport team consists of 16 people, mainly in Hong Kong, Guangzhou, and Tokyo. Majority of them joined the team in 2016. Due to their love and understanding of sports, they want to do something unprecedented. “We have LinkedIn, Facebook, and Kickstarter, but why it does not have a dedicated services platform when facing the raising sports business market?”
Vincent, the co-founder of Faxport, used to be a Commercial Director of China’s largest Internet recruitment company. He also founded his own company before. As an amateur basketball columnist, he always thinks that what kind of relationships it should be among a business, a product, and a person when the sports business becomes a large field.
By 2017, the global sports market output has exceeded 2 trillion U.S. dollars. But in emerging markets like China, more and more companies and projects are willing to join.
As an Internet project combined the nature of blockchain, Faxport aims to solve many problems in sports, such as the flow of globalization, trust between corporates and participants, project and product fundraising and investment, and talent recruitment. Another co-founder Davids has always been the head of operations for the sports investment incubator. After analyzing many projects, he points out that the largest problem is that there is no professional platform dedicated to the sports industry, even if this industry is close to or exceeds vehicle, entertainment, education, etc.
Faxport has started their exploration in two typical sports business market segments, China and Japan. In China, Faxport cooperated with Kuai Tiyu company and established a database containing more than 40,000 companies and 60,000 practitioners. This database will continue to accumulate on a global scale and may become the most comprehensive sports and corporate database ever built. Unlike China, the sports business market in Japan is relatively mature. Owing to the anticipated stimulus of the 2020 Tokyo Olympics, people in Japan all have established or developed sports-related business departments from the government level to enterprises. Faxport will be officially operating in Japan in the middle of 2018, through cooperation with the largest local sports talent recruitment company.
“We will focus on the enhancements of technology and product and move the original offline and online parts to integrate closely with the blockchain feature. “ Vincent introduces that, “As an international service platform, we will also look for quality partners around the world, assisting them in cooperation and promotion in their local regions.”
There have been a number of cases starting to flow on the chain built by Faxport. The most recent case is a Japanese company that specializes in the renovation of school buildings to provide students with training, accommodation, competitions area, and summer camps. The company successfully found several times more customers in China through Faxport. During the summer vacation this year, China’s junior sports clubs will arrive in Japan to carry out such sports exchanges. And such works including business matchmaking, persons in charge met, discussion, cost settlement, most of the things can be completed directly on the platform.
In view of the promising prospects of this platform, many blockchain experts have also joined Faxport as advisors, and have provided resources and support to varying degrees. For example, Jason Hung will provide support in marketing in Asia. And Ali Kassab will support Faxport as an endorsement in fundraising. Most importantly, Roberto Carlos, the former Real Madrid player and the legendary superstar in Brazil, also participates in the Faxport project as celebrity partner and consultant. He will serve as a bridge to introduce sports companies and sports stars from Europe and the Americas to the project in order to realize better professional value for Faxport. Carlos is expected to attend the sports science and technology exhibition held by Faxport later.
Faxport targets a trillion-dollar emerging market and tens of millions of related practitioners. Meanwhile, They also hope to create a sports version of Kickstarter for more normal people who are interested in sports. Therefore, the FAX GO investment and crowdfunding sector came into being.
British company StarFive wants to regroup retired soccer superstars to run a 32- team Global Classic League in China. We believe the Global Classic League will catch the world’s eyeball, but StarFive must pay copyright fees and salaries to the clubs and players. And now, if you acknowledge Global Classic League’s value, you can invest StarFive on FAX GO, and you will receive a portion of future earnings as dividends of the League (including sponsorship, tickets and broadcast rights), and you can also become the life tenure member of the League, having dinner together with the superstars.
There may also be such a following scenario. Zaid is a young man from Ivory Coast. He uploads videos of himself playing soccer on Youtube and he’s highly praised in soccer fans. “He’s the next Yaya Toure!” Many people say so after watching his video. But that’s not enough. Zaid has no money to experience professional soccer in Europe, he doesn’t even have an agent. The future star may sink before shining. You’re one of those people who watch Zaid’s video on Youtube, so start a program on FAX GO to support Zaid, funding him to Europe to try out, make more people know his capacity. Maybe he can’t become a professional player immediately, but who knows? If he’s lucky enough and grabs his chance, after years, you can say “Hey it’s me who discovered him!” to your friends while watch invincible Zaid running on TV.
In general, FAX GO utilizes structures such as community voting and smart contracts to construct a technological solution upon the blockchain, bringing together with FAS, BTC and ETH as the encrypted currency used to settle accounts, and construct a decentralized sports crowdfunding platform. Users vote for projects they are interested in with their own ballot. Maybe the object is a competition, maybe a pair of sports shoes, maybe it is a young athlete who wants attend try-out training in Europe. As long as it is part of the sports world, then that project is eligible for inclusion in FAX GO. In addition, the platform provider will provide guidance so that every project is able to express itself in an appropriate manner, run itself in its own way, and in addition assist potential investors analyze and decide between these projects. This is a new vector for the sports commercial world and one that might be the origin of the next Nike.
“Sports is not just sports. It is also a cross-border label and keyword. It can be linked to entertainment, education, finance, and other fields. In this case, Faxport’s role will be enormous if it can put sports business participants together from all over the world.” The opinion of Nanjie Wang, an early investor in Faxport, is that blockchain projects are still in preliminary stages at present. With the promotion of the underlying technology and the landing of public chains, applications for vertical areas are slowly increasing. And Faxport is a pioneer project that first landed on the sports business market.
Faxport’s work is gradually progressing and it is planned to hold a sports science and technology exhibition by the end of 18th. It also plans to expand the team during the year, with more talented members in blockchains and databases.
Are you looking forward to investing the next Nike? Or promote the next Messi and Kobe to appear on the world stage? Token sales of Faxport are in progress. Welcome to www.faxport.io for a subscription!
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