Faxport is the name for sports business service and funding platform. It has adopted a unique form if business based on the blockchain sports service. It is directly connected with the global sports investors, service providers and consumers. It looks forward to establishing the sports business in an innovative way of the service ecosystem, founded on trust, encouragement and makes the system convenient for free of commission. It has made up some collaboration with a number of sports crowdfunding platforms to gear up their service.
Fax Go
Fax Go is the name of a sports crowdfunding platform. It is basically a website that has changed the funding method for greater products and projects lead to the establishment of many independent ecosystems. Being an outstanding invention for traditional funding platform, it still has some space for improvement. Such as:
It emphasis highly on centralization as conventional funds can put some benefits to the traffic aggregation. It needs more attention in investment needs to pay a certain price and cost to occupy a prime position on the platform or it may need to face challenges for the attainment of the desired sum.
Service charges needed to be less or a proportion of payment can be lost, owing to currency can be exchanged and this may lead to rising cost to the engaged project to the investors.
It should put someone trustworthy to make some worthy discussion to deal with the frequent difficult problems using traditional funding platforms.
Well-designed crowdfunding platform enables the higher rate of return on the investment. The majority of people will be hoping for a return on their investments.
It utilizes the structure of voting and smart contracts for constructing technological solutions.
Users have the authority to vote for their own interest
Sports Business Database
The business database of Faxport includes all kind of sports company related data into the platform for the greater innovation with simplified requirements of steps. The data finding process can be convenient enough by registering capital, original team, financial history, corporate reports or to some related articles. It also has the authority to utilize the source data in terms of producing detailed analytical charts.
Data Sources
Data can be sourced through the users to add them to the platform as the teams are been working as a subsidiary for the companies. It collects and adds the user behavior into the platform and collects data through algorithms.
FX Propels The Ecosystem
FX serves the reward mechanism by facilitating accounting methods. These methods will ultimately add benefits to the users and the platform. Users will have the power to search, inquiry, save, like and edit data within the platform using different tags. Whereas, the platform applies the service fees to the transaction within the ecosystem and the service fee is required to be used for the development, maintenance, and expansion of the ecosystem.
Data Review System
Faxports enables assurance to the data veracity by the decentralized data review system to submit a review request. It adopts a number of systems to make the system worthwhile such as; rights for the authorization of consensus mechanism and procedure to review all the data. It occupies the Audit Committee for reviewing the data initiated for polling through the rights of authorization of consensus mechanism.
Faxport is making this possible with the help of a decentralized blockchain network. Through the action of service, it promotes the positive action for interaction within the global sports business market.
Website : https://faxport.io/?utm_source=BCT
Whitepaper: https://faxport.io/other/Faxport%20Whitepaper%20en.pdf
Twitter : https://twitter.com/Faxport_EN/
Telegram : https://t.me/Faxportglobal/
Ann : https://bitcointalk.org/index.php?topic=3247514.msg33816620#msg33816620