Formula 1 racing is one type of sports that attracts a lot of attention in the sports and recreational industry. Many people enjoy the beauty and sight of this great sports activity, and as such will follow it wherever that this sports activity goes. There is an awesome estimation (actually a fact) that F1 racing attracts about 500 million viewers worldwide. This proves that this sector is a very good business venture for every prospective investor.
Aside the growing interest and involvement in F1 racing, blockchain has also been a major growing sector in the digital world and this great innovative project I'm about to introduce you to seeks to merge the two. This project will generate funds to build a unique and never happened before racing city in the city of Hammamet, Tunisia. Don't be marveled about the location because you would know the benefits in the subsequent paragraphs.
The Ideology of BITRACE
Bitrace Investments is an investment company and a subsidiary of KJ Holdings Corp in the UK. The main motive of this great project is to build an outstanding Formula 1 Racing City in Tunisia. This will not be just a racing circuit but more considering the prospected purchase of 300 hectares area of land. The other awesome features that will be integrated include hotels, shopping mall, casino and so much more. So this means investors will earn from the many attached recreational centers that will be integrated into the project.
So why Tunisia and not UK
In this world, people who start businesses at places where there is no template or that business is novice mostly prosper.
So first of all, establishing this great racing city in Tunisia will evoke people's interest in joining this new business venture. It will attract a lot of new adopters, and also those who already enjoy participating in F1 racing will also have a new experience.
Establishing the racing city there will also incur low costs as compared to the high proces of the commodities and workforce required for building in the UK
And as happy as it sounds, Tunisia is just a few hours (about 3 hours) away from the capital cities of Europe so it's not that remote.
Do we Actually Need BITRACE
One might ask, so what at all is BITRACE going to do to the already existing market. First of all, BITRACE seeks to make the F1 racing activity more enticing so as to attract many new viewers. After that BITRACE will take everyone into a new location with better circuits and additional recreational facilities. The already existing market has some potholes that needs to be filled and BITRACE seriously has it as a major aim to fill them. There is insufficient circuits, Governments turn a blind eye to F1 racing (especially in the aspect of subsiding hosting fees, specifically in England), and one sad thing is that every money generated is just from selling of racing tickets. These are the things that BITRACE will make changes to after the project has successfully raised funds.
So what BITRACE will do is to make sure that hosting fees are negotiated and made affordable, and with government involvement, BITRACE will attain a 300 hectares space of land to build the city. To make it more awesome, BITRACE will change the way earnings are made from racing- it won't be just selling tickets. Remember the project will have recreational facilities which include casinos, hotels and shopping malls which will generate additional funds.
The Tokensale
The Presales have already started and is ongoing so you can join in as soon as possible so as to enjoy the early benefits. Above is a picture of how the bonus will spread so get listed on the website as soon as possible.
Get more information from:
Whitepaper
My bitcointalk profile: acheampong64
