BITRACE INVESTMENTS LTD is a British investment company based in London, UK, which is a member of KJ Holdings Corp.The company is in process of developing the Tunisia Racing F1 City project, this project consists in building an integrated sports compound including a Formula 1 Track surrounded by top-class hotel and recreational units: (Total Assigned Land: 300 Hectares) in Hammamet, Tunisia.BITRACE INVESTMENTS LTD has also succeeded to finalize a deal with Margarete’s Beauty in Toronto Canada to kick-start the worldwide promotion and marketing of LaBelle & LeBeau Franchise Beauty Salons to allow its investors (BITRACE Buyers) to purchase the Franchise products and services using BITRACE Tokens.
Formula 1 Problems in the World:
1 – High F1 Hosting Fees:
It is the demands of the hosting fee which goes up by five per cent every year – from £12million in 2010, the year in which the new long-term deal started, to £16m this season and £25m in 2026 – that is crippling Silverstone. Liberty Media has staged a series of talks with both the BRDC and Silverstone and while Silverstone wants to
continue its relationship with F1, it will not do so at the cost of financial ruin.
2 – No participation of the Government in the payment of the Hosting Fees. 15 of the 19 races last season were funded by respective governments of the countries where these races were hosted, around $600.5m was invested by the governments in hosting F1 races in their countries.
3 – Revenues generated only from the sales of F1 Grand Prix tickets. Direct revenues for race organizers are limited solely to ticket sales, while funds raised from broadcasting, merchandising, corporate client services or even from promo banners go to F1 owners’ pockets.
1 – Solution for High F1 Hosting Fees:
Negotiation of the Hosting Fees with the F1 Group:
The negotiation of the Hosting Fee with the F1 Group is essential, in order to have a price that does not exceed the 15 million US $ and to be able to introduce the F1 to the African continent and in the Maghreb region more specifically.
2-Solution for No participation of the Government in the payment of the Hosting Fees. Participation of the Tunisian Government with the Land (300 Hectares) and infrastructure costs.
3 – Solution for Revenues They plan to integrate the F1 Circuit into a sports complex that will hold several competitions during the year generated only from the sales of F1 Grand Prix tickets.
Token Symbol :57,626,400 US$ Hard cap :3,000,000 US$ Soft cap :1,000,000,000 BRF Total token supply :220,000,000 BRF Tokens ICO :Available for investors from all over the world apart from the USA and the Republic of Singapore.
Price of a token :0.10 US$
Smart-contract :Smart-contract address will be available at the company’s website. during crowd sale.
Payment method :ETH, BTC, BCH
The Minimum purchase is 100 BRF Tokens (10 US$), please be aware that if you purchase below 100 BRF Tokens, then you risk to lose your crypto sent. Their smart contract accepts a minimum of 100 BRF Tokens.