The bitrace investment Ltd is a mature and solid company that focus on F1 sports, I do not understand why the need to raised money since they have much money now. And what is the difference between them?
BITRACE INVESTMENTS LTD is a British investment company based in London, UK, which is a member of KJ Holdings Corp.
We are focused in the real estate sector, tourism, sport, beauty, either through direct investment, or JV, or partnership.
In a globle vision to make the cryptocurency the official modality of payment of our group ( Bitrace Token will the official cryptocurrency to be used in TUNISIA RACING F1 CITY )
Please be informed that the ICO’s target is to raise up to 57 Million US$, this sum is representing merely 11% of the entire sum needed to complete the project, which needs a total of 500 Million US$ to finance the project, he even described the outlines of the funding plan:
1. An ICO to raise up to 57 Million US$
2. An IPO and an European Stock Exchange to raise up to 200 Million US$
3. Selling Off-plan properties (Apartments + Villas) to raise up to 120 Million US$, which constitue only 20% of the total value of all properties on F1 City
4. Rest of Funding amounted o 123 Million US$ could be easily accessed via the local Banks.
Please see the CEO video Presentaion :
https://www.youtube.com/watch?v=EqxwySmbDOk&t=1s
