Topic: 🔥[ANN]🔥[ICO]🏁 BITRACE 🏁-🏎To build a FORMULA 1 City🏎PRE-ICO LIVE 30% Bonus (Read 16562 times)

Corporate Press Release Number 9

Date:19 June 2019

Time:For immediate release

CORPORATE PRESS RELEASE

BITRACE IS PLEASED TO UPDATE ITS INTERNATIONAL FAITHFUL COMMUNITY

London / Tunis, 19 June 2019 — BITRACE Investments Ltd (the “Company” or “BITRACE”)is pleased to update its international community about the progress and the plans of the Company.

First of all, on behalf of Bitrace and KJ Holdings’ teams I would like to thank all of our Token-holders for their trust and patience, and I want to inform you that despite all the unforeseeable events that we are facing and confronting to realize the project Tunisia Racing F1 City, we are confident that construction of the Tunisia Racing F1 City will be launched this year 2019.

Today we will answer most of your questions in a way to provide visibility and a clear update where the company stands.

- Have you started building the Tunisia Racing F1 City project?

No,despite the fact of funds’ availability, we have not started the construction of the project yet because we are in process of completing the necessary studies required to finalize the Government’s licensing and permissions.

- When do you start building the Tunisia Racing F1 City project?

We will definitely start the construction of the Tunisia Racing F1 City project once we have obtained all the necessary authorizations from the Tunisian Government; these authorizations are requested by our financial partner (Financial Institution) in order to unlock the project’s funding.

- Where does the project finance come from?

KJ Holdings has successfully signed an Investment Agreement for € 500 million Euro, to be unlocked for the project, after having all the necessary authorizations and licenses.

- When will you have the Government project’sfinal authorization?

We are progressing on the studies requested by the Government and different organizations and we are working towards having all necessary authorizations by Q4 / 2019.

- What will be the Project’s Status if the Government does not issue the final authorization to kick-start the Project?

The project: Tunisia Racing F1 City is a project of national interest for Tunisia and its economy, therefore the Government gives all its interest and support for the realization of this project.

In case of any objections for the issuance of the final authorization by Q4 / 2019, our Management has put a second plan in place to execute the project in another country.

- Why did the price of BRF fall?

The price of BRF dropped because of three (3) main reasons: (i) because of the free Tokens distributed as payment for the executed Bounty Program during the ICO, (ii) because of some Token’s SWAPs that were made during the ICO to enhance the project and (iii) because of certain investors who have decided to sell their tokens due to all the project execution’s delays.

- When will BRF be listed in other Exchanges?

We have promised since the beginning that we will list Bitrace Token (BRF) on several Exchanges and we will definitely honor our commitment as soon as the construction of the project starts. We are contemplating the listing on top markets in the near future.

Currently, BRF is listed on STEX (www.stex.com) which is one of the best Exchanges with a daily volume of 20–25 Million USD, it is a market, which has been evolving rapidly and we are convinced that it will be one of the top Exchanges in the near future.

We invite you to visit our ICO Web Site: https://www.bitrace-token.com

to download and read our Whitepaper: https://www.bitrace-token.com/whitepaper

About BITRACE INVESTMENT LTD

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 Beach-Front Land: 300 Hectares) in Hammamet, Tunisia.

BITRACE token is the official cryptocurrency to be used within the Formula 1 City, It will be the first City that will accept the token for the purchase of products and services of the city.

Contact:

BITRACE INVESTMENTS LTD

71–75 Shelton Street Covent Garden,
WC2H9JQ London,
United Kingdom
Email :[email protected]

PR Link : https://medium.com/@bitrace/corporate-press-release-number-9-bitrace-is-pleased-to-update-its-international-faithful-156402b6405f

Meeting with the Malaysian delegation in Tunisia office:

https://www.facebook.com/bitrace.token/photos/pcb.1008327172690275/1008326682690324/?type=3&theater

Is this project still ongoing? I haven't seen anything recently.

Interview with Mr. Chedly Zouiten on Shems FM Radio about TUNISIA RACING F1 CITY Project.

Link : https://www.facebook.com/matinaleshemsfm/videos/213719199562665/UzpfSTcwMTgzNjA0MDAwNjA1ODo5MjY4NDkxNjQxNzE0MTA/

Participation of Mr. Chadly Zouiten in the Prize Giving 2018 in SAINT PETERSBURG :

https://www.facebook.com/bitrace.token/photos/pcb.923447817844878/923447347844925/?type=3&theater

Follow BITRACE Token (BRF) on Coin Codex :

link : https://coincodex.com/crypto/bitrace-token/

Follow BITRACE Token (BRF) on Coinlib

link : https://coinlib.io/coin/BRF/Bitrace+Token

that's good news 
BRF looking forward, BRF hit 500sat on https://app.stex.com/en/basic-trade/pair/BTC/BRF
still waiting for the major exchange

BITRACE TOKEN (BRF) Listed on :

(1) STEX ( BTC Pair ) :
https://app.stex.com/en/basic-trade/pair/BTC/BRF

(2) Token Store ( ETH Pair ) :
https://token.store/trade/BRF

Google Map Position (Tunsia Racing F1 City Project) :

https://www.google.com/maps/d/u/0/edit?hl=fr&hl=fr&mid=1MjHmbUz1toV4QhjHXTRQMiCPeoayNxBz&ll=36.26343850785126%2C10.477598329995658&z=14

The project has collected almost 2 million dollars, and nothing could be achieved over the past time. The price of the token on the stock exchange is 1000 times lower than the money sold on ICO. It seems that this is a fiasco ..)

Corporate Press Release Number 8
Date: 24 September 2018
Time: For immediate release
 

CORPORATE PRESS RELEASE

BITRACE IS PLEASED TO UPDATE ITS INTERNATIONAL FAITHFUL COMMUNITY

London / Tunis, 24 September 2018 – BITRACE Investments Ltd (the "Company" or "BITRACE") is pleased to update its international community about the progress and the plans of the Company.

BITRACE ICO was completed on the 25th day of April 2018 and it was able to collect 3.69 Million US$ in various Cryptocurrencies, whereas not only BTC, ETH were accepted during the ICO but also others. For your information only one percent (1%) was collected in BTC and ETH and remaining ninety nine percent (99%) in other listed Cryptocurrencies. The liquidation of such collected Cryptocurrencies does definitely depend on the existing listing volume of such tokens.

BITRACE Investments Ltd. is a fully owned subsidiary of KJ Holdings, which is presently in process of incorporating its new Tunisian subsidiary named TUNISIA RACING F1 CITY SA to deal with the realization of its mini F1 city’s development. KJ Holdings is also in process of raising the necessary funds via debt and / or equity financing to kick-start the realization of this mega project.

KJ Holdings has succeeded to sign a funding agreement with an Emirates Funding Group for 100 Million US$ and is planning to form in the coming few days an SPV / SPE in Dubai to complete the financing process.

The Company is planning to use a minimum of three percent (3%) of these funds to promote its BITRACE token worldwide and upgrade its trading venues in better Cryptocurrency exchanges.

The Company is still committed to making BITRACE as the official Cryptocurrency of the Tunisia Racing F1 City and we expect a rectification of its value in the due course.
“I am pleased about the progress of our Company” stated AymenBouaoun, BITRACE Project Chief. He added: “I am certain that after the upgrade to higher trading venues / exchanges and with the proper promotion of our token, we will achieve positive value appreciation of our Cryptocurrency.” He continued: “BITRACE value will definitely be the mirror, reflecting the successful progress and realization of our mega project: Tunisia Racing F1 City, and herewith I would like to thank all our community for their support and patience.”

We invite you to visit our ICO Web Site: https://www.bitrace-token.com
to download and read our Whitepaper: https://www.bitrace-token.com/whitepaper

About BITRACE INVESTMENT LTD

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 Beach-Front Land: 300 Hectares) in Hammamet, Tunisia.

BITRACE token is the official cryptocurrency to be used within the Formula 1 City, It will be the first City that will accept the token for the purchase of products and services of the city.

Contact:
BITRACE INVESTMENTS LTD

71-75 Shelton Street Covent Garden,
WC2H9JQ  London,
United Kingdom
Email : [email protected]


Read Press Release : https://medium.com/@bitrace/bitrace-is-pleased-to-update-its-international-faithful-community-1da527aaa389

is there no update on new developments from bitrace
many investors are disappointed because the selling value is not in line with what is expected, will the team not do something to make the bitrace go to the moon? for example, with a buy-back scheme and burning it

A very interesting and colofull topic. I like the video and recoment to wath it. I with a good luck for organisers of the project.

Your plans are clear and very transparent. We hope for the success of this promising coin and to be include as one of the succesful coins in cryptoworld.

Is there any new updates about the project? When are they planning to list bitrace token in exchanges? I received mine weeks ago. By the way can anyone tell me how much was raised in ICO. Hardcap achieved?

What is wrong with you ADMIN ?? why you keep banned and kick people out of BITRACE telegram groups for asking anything about any updates and progress about this project ?? Is this how you behave after collecting their money ??

do you think that the "team" of the "project" will do something? (except how to spend the collected money for their joy). I think that, all they wanted to do, they did (it's to raise money). Vryatlya something interesting will happen here ... or at least something will happen))

Greetings, guys. I wish that the plan will carry out all that has been target!

It's true, now they need to look for big investors and this time not through ico. Among people investing in ico interested was not. They need to attract capital in a different way. In the sport of formula-1 very large sums of money are involved and if they try, they can find sponsors. Alternatively, they can negotiate with the Tunisian government.