BITRACE ICO - BUILDING A FORMULA 1 RACING CITY

brainerdpaul (-2)(1)in #ico • 7 years ago

INTRODUCTION

Bitrace is creating something special. A Formula 1 racing project that captures people’s imagination with mindblowing speed and machine. It is the perfect combination of machine and human capability on the track. What attracts millions of people in the racing arena is the love for cars and passion for speed. It is no wonder many developing countries have tried their hands into conducting the F1 race, but the amount of investment required in creating a track is the biggest issue.

BITRACE

BITRACE INVESTMENTS LTD is a UK investment company based in London, England, which is a member of KJ Holdings Corp.
The company is in the process of developing the Racing City Racing Tunisia project, the project consists of the construction of an integrated sports complex including the Formula 1 Line surrounded by upscale hotels and recreation units: (Total Assigned Land: 300 Hectares) in Hammamet, Tunisia.

Bitrace has successfully completed an agreement with BDSwiss Holding PLC, to allow its investors (BITRACE Buyer) to Trade Shares, Indexes, FOREX, Commodities and Cryptocurrencies with CFDs, using BITRACE Tokens.

Bitrace has also successfully completed an agreement with Margarete’s Beauty in Toronto Canada to start promoting and marketing LaBelle & LeBeau Beauty Salons worldwide to enable its investors (BITRACE Buyers) to purchase Franchise products and services using BITRACE Tokens.
Bitrace is also planning to conduct several acquisitions of Tour Operator, several holiday resorts and introduce payments using BITRACE in Tunisia, Northern Africa (Maghreb States) and southern Europe.

CHALLENGES

The large financial resources required to create a proper ecosystem of the Racing event is huge, which discourages the government of many countries to participate in this sporting saga. Also, the high fees involved in conducting F1 event coupled with limited revenue stream puts pressure on the organisers. Is there a way a country can gather fund to build such an ecosystem for the racing event, which adds value to the economy?

SOLUTION OFFERED

BITRACE is one such project for the people of Tunisia and world. They aim to build a sports compound spread across 300 hectares which will consist of an F1 racing track, Museum, exhibition centre and many other sporting entities. They plan to build Tunisia F1 racing city.
The total cost of building a formula one circuit is estimated to be 270 million dollars but in Tunisia, this cost is nearly half. The choice Tunisia seems apt given the reasons such as cheap and skilled manpower, located near to the European capital. We hope to see the F1 track in Tunisia.

TOKEN AND ICO DETAILS

To build the dream F1 city in Tunisia, they are conducting an ICO. The main ICO will start from 25th February 2018 and continues until 25th March 2018. The pre-registration for the ICO event is currently going on. One BRF Token price is 0.12 $, which varies according to the ICO dates.

A total of 1,000,000,000 Tokens are created and 35.6 % of the total will be available for the ICO. 22% of total tokens are reserved for pre-ICO, which is scheduled to be held from 25th January 2018 to 25th February 2018. The funds will be utilised for building the dream project in Tunisia, which will be a major sporting attraction for all the F1 Fans in the world.

CONCLUSION

Naturally, it is one of the most watched and talked about sporting events in the world. Every nation wishes to host the formula one racing in their country and many have managed to do so. It brings millions of tourists to the country and puts the country on the sporting world map. The biggest of the name in the auto world is part of the circuit sponsoring drivers to win the season. From Ferrari to Honda, everyone runs their top machine on the track.
While any major sports tournament helps a country in many ways, F1 catches the eye of a special group of individuals who are passionate enough to travel to the F1 circuit. It will provide an affordable racing track for F1 tournaments. Developed countries have been party to this F1 saga but now the time has come to change the gear.
We will see a city built for F1 fans who will do everything to see the race live. I think it is a golden opportunity for racing fans to help build the track to see speed doing tricks.
Isn't this interesting?

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