Bitrace- Building the next great formula 1 city.
I’ve had the opportunity of visiting the british grand prix,the first ever grand prix i had ever visited in the year 2015. it was held as usual at the silverstone circuit, one of the oldest formula 1 racing tracks in the world.(as I came to learn) at silverstone, united kingdom I was left in complete awe to say the least by the complete festival of an event it turned out to be, meeting various race lovers from all around the globe. I wasn’t really too keen on car racing however I had always known the household name that was lewis hamilton and so I was rooting for him at the event and he didn’t disappoint, he came first in the race and was closely followed by nico rosberg and sebastian vettel (I really can’t remember which of those came second) but I knew they were closely behind him, and since then I’ve actually become a lover of the formula 1 grand prix and I plan on visiting the monaco grand prix in monte carlo the year 2020. however I’ve always wondered since after silverstone, thats why didn’t we have our own grand prix in africa? I’m from nigeria and so it’s highly unlikely that I will have my own race track let alone a formula 1 grand prix soon, however why hasn’t it been done in more developed countries in africa say south Africa, Egypt, Tunisia or Algeria for example,when I found out about bitrace’s plan to bring formula 1 to africa I was overwhelmed with joy to say the least.
Bitrace a british investment company, that is a part of the kj holdings group plans to create a formula on city in hammamet tunisia. consisting of a formula one track surrounded by top class hotels and a lot of recreational facilities. it also includes a variety of luxury apartments with a mountainside view, four major tennis stadiums and a major shopping mall 25000 parking lots and much more, this I believe will serve to create a hub of tourism as I had seen at silver stone, in tunisia. This will serve to attract a lot of high class investors from all over the world to the global festival thus increasing revenue for the state and also ensuring a quantum leap in sales and profits for all major and minor businesses around hammamet and tunisia, as a whole. it has several partnerships with tqo very key companies firstly BD swiss a top swiss financial institution which will allow its investors to actually trade shares, indices, forex and cryptocurrencies with CFD’s using bitrace tokens.it also launched a deal with margaret beauty to allow for its investors to purchase franchise products using the Bitrace token BRF.
Bitrace token is an ethereum based token that will allow Bitrace to incorporate blockchain technology into its dealings, this technology with its cryptic yet transparent recording measure will ensure transparency and immutability of all transactions.
Bitrace tackles head-on the challenge currently being faced in the formula 1 racing world particularly that in britain, by landing the full participation of the tunisian government in paying of hosting fees, negotiation with the formula one group to reduce hosting fees and ensuring that profits come to event organizers not only from ticket sales but also through other avenues.
It also utilizes it Bitrace token BRF to ensure added benefits to users as compared to other competitors which includes acquisition of an international tourism operator to allow for BRF holders to rent cars in Mediterranean countries, purchase holiday packages, purchase timeshares,and flight tickets using the BRF token.
it also edges out other competitors because its to be located in tunisia which has close proximity to other european capitals and also has a cheap labour force. it boasts of an america indy formula one track with a length of 5500 km, the first of its kind in europe and Africa.
I would like to give a brief SWOT analysis of Bitrace, firstly its strengths include: boasts of a strong and experienced team headed by an experienced leader in Khalid Akhid and also the members of his team, this experience will translate into the success of Bitrace, it also has a formidable idea that will bring tourists and race lovers from all corners of the globe to Tunisia and africa as a whole. and allow for African race lovers to enjoy a homegrown entertainment and many more.
it’s Weakness may include that it’s introducing a global sport into a rather conservative Tunisia( i might be wrong) however with the support of the government and the fun loving populace. I believe the vision of Bitrace will be the popular one and get the full patronage of tunisiaas a whole.
Its opportunities include that is tapping into an untapped market in the form of racing in africa, and also because it will also include a city with full tourism features to attract fun lovers and not only race lovers from all over the globe, also because Tunisia in itself with its heritage, culture and serenity is a natural tourist paradise.
Its threats may include that there are already other top notch racing destinations in the world that some people will prefer to go. but with its full array of other services and 5 and 7 star hotels and resorts I’m convinced that it will attract tourists from all over the globe in a very short time. I actually think I’ll change my plan of going montecarlo and stick with tunisia, when it’s completed.
From the above points it’s clear that Bitrace’s strength and opportunities clearly outweigh any weaknesses or threats which will further translate into the company’s success.
it’s token the bitrace token has a total supply of 1 billion of which 650million will be available at the crowd sale it’s an ethereum bases token and so ita based on the ethereum blockchain. it also offers a lot of benefits such as allowing for trading on BDswiss, allowing for purchasing a flight ticket, holiday packages, purchasing of products, within the formula 1 racing city while also giving returns to its holders.
Its presently available at the ICO which is finishing on the 25th of April, so hurry now and grab your tokens with a minimum purchase of 100 BRF’s and no maximum limit.
Follow this link to buy :https://www.bitrace-token.com
See the WP here: https://www.bitrace-token.com/whitepaper
Follow us on telegram: /http://t.me/bitrace
In conclusion I believe Bitrace will add a new chapter to the racing world by building of the formula one city. Which will attract tourists and race lovers from all corners of the globe. while at the same time translating into increased development of tunisia, and africa as a whole.
My bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=1652039