The Bitrace project consists in building integrated sports compounds including the Formula 1 Track which is surrounded by upscale hotels and recreation units:
1 Complete Formula
1 racetrack circuit
1 Karting1 Museum
1 International Exhibition Center
4 Main Stadium Tenis
1 International Golf Course
1 Football Stadium
2 Hotel star 51 Hotel 7-star
8 International Restaurant with different cuisine
Beach facilities including various Beach Club1 Techno-park
4 Main Chalets / VIP60 Palace Sea Side Villa
240 Twin Villas with views of Golf
600 Apartment with sea view, view to Golf, and / or Mountains
1 Major International CASINO
1 Main Shopping Mall
25000 Parking Lotuses & Green Gardens
Formula 1 Problems in the world
1 - High F1 Hosting Fee. The future of the British Grand Prix in Formul 1 is undoubtedly after the owners of Silvestersone sparked a close respite in their contract. The British Racing Drivers' cars are the owners of the Northampton shire circuit and hinted at their intention to withdraw from their current deal within two years, when there is a close respite.
2 - There is no Government participation in the payment of Hosting Fee. 15 of the 19 races last season were funded by the governments of each country in which the race was held, about $ 600.5 million was invested by the government in organizing F1 races in their country. In many cases, the local government is the promoter of the race paying a certain fee to hold F1 in their country.
3 - Revenue generated only from F1 Grand Prix ticket sales. The direct revenue for the race organizers is limited to ticket sales, while funds obtained from broadcasting, merchandising, corporate client services or even from promo banners go to the pockets of F1 owners. Last year's direct revenue in Baku stood at only $ 2.6 million from the sale of 25,000 tickets - only cents compared to the cost.
Solution
1 - Solutions for High F1 Hosting Costs. Negotiation Fee Hosting with F1 Group. Fee Hosting Negotiation with F1 Group is very important, to have a price not exceeding 15 million US $ and to be able to introduce F1 to the African continent and in the Maghreb region more specifically.
2-Solutions for No Government participation in the payment of Hosting Charges. Tunisian Government Participation with Land (300 Hectares) and infrastructure costs.
3 - Solutions for Revenue generated only from F1 Grand Prix ticket sales. They plan to integrate F1 Circuit into a sports complex that will hold several competitions throughout the year and to introduce value-added products to F1 City (hotels, casinos, shopping malls in relation to villa and apartment sales.
Sales Token
Token Symbol: BRF
Hard cap: 57,626,400 US $
Soft cap: 3,000,000 US $
Total token supply: 1,000,000,000
BRF Token for Pre-Sales: 220,000,000 BRF
ICO Token: 356,264,000 BRF
Geography: Available to investors from all over the world apart from the United States and the Republic of Singapore.
Price token: 0.10 US $
Platform: Ethereum
Payment method: ETH, BTC, BCH
Standard token: ERC20
ICO phase 1: 1 ETH = 9000 BRF (From 25 March to 05 April 2018) ICO phase 2: 1 ETH = 7500 BRF (From 5 April to 15 April 2018) ICO phase 3: 1 ETH = 6000 BRF (From 15 April to April 25, 2018)
