Connectius is a blockchain-based SaaS solution for the e-commerce industry. Find out how it plans to disrupt the industry today in our review.
What is Connectius?
Connectius, found online at Connectius.com, is a blockchain-based software as a service (SaaS) solution that allows companies to decrease the overhead costs of e-commerce operations. Specifically, Connectius reduces the likelihood of losses due to the actions of dishonest customers through chargebacks or cardless transactions. Connectius delivers these benefits using blockchain technology, a digital currency, and smart contracts.
Connectius cites research showing that 8% of e-commerce income was lost to fraudulent activity in 2016. Meanwhile, almost 40% of all attempted transactions did not result in a purchase.
Connectius aims to solve these problems while lowering cost, increasing security, and delivering a better experience for all e-commerce participants.
How Does Connectius Work?
Connectius is a platform where service providers can list services available for sale, and users can purchase services from service providers. Transactions are completed using Connectius tokens, although all prices are listed in USD (and the platform accepts both USD and CNT tokens).
Connectius’s team has already created a mobile app based on the Connectius ecosystem. That app is called “Connectius Experts”. It uses geolocation and smart matching to offer a sorted list of people and organizations ready to sell services to the community.
The ecosystem revolves around Connectius tokens, or CNT, which will become the universal medium for all transactions within the system. It will be used as a means of value exchange for payment within the system, as well as for apps based on the Connectius platform.
Goods and services listed on the platform will be shown in USD, although their dollar amounts will be converted into CNT tokens “by an external service.”
Connectius’s team, in early press releases, is careful to say that its tokens are not a security or cryptocurrency. They are, however, “an important element of our system that will be needed by all participants in these relationships,” explains Vasily Kozlov, the founder and CEO of Connectius.
As an example of how someone might use Connectius, a user could open the app, then enter a service request for a specific location and time. In an example posted on the official site, someone might post a request for “need service for flat tires” at a specific date and time, then wait to receive service offers from local shops.
Overall, some of the core functions of the Connectius platform include the following:
- Records all transactions on the blockchain
- Facilitates payments and token transfers between buyers and sellers
- Establishes a user rating system
- Provides third party arbitration
- Protects the accounting records of all users
- Handles service requests
- Processes geolocation data
- Provides external platform API
Connectius Features and Benefits
Connectius is targeting all of the following features and benefits:
- Reduces CAPEX integration by providing a set of secure smart contracts and blockchain modules for integration into existing sales platform or service infrastructure
- Low fees, including no third party intermediaries
- Reduce the impact of fraud
- Secure identification due to the lack of a centralized, manipulatable platform
- Increased confidence levels because all transactions occur within the smart contract
- Customize offer visibility
- Reduce overall costs with lower overhead expenses
- Smart search for consumers
The Connectius Token Sale
Connectius tokens are the in-platform currency used for all transactions within the platform. The price of services in the platform will be fixed and displayed in USD. You can pay these costs with USD or with Connectius tokens (CNT).
The Connectius token sale began with an early bird pre-sale from November 5 to November 10, 2017. CNT tokens were set at a price of $0.80 per CNT during this token sale with a minimum purchase of $25,000.
Next up is a pre-sale from November 10 to November 15, where tokens are priced at $0.85 per CNT with a minimum purchase of $15,000.
The early bird crowdsale is scheduled from November 15 to November 20, 2017, during which tokens are priced at $0.90 per CNT with a minimum purchase of $10,000.
Finally, the general crowdsale begins on November 20 and lasts until December 20, during which you can buy tokens for a price of $1 to $1.40, with a minimum purchase of $1.
The Connectius team has no plans to issue additional tokens at any point in the future. The CNT tokens are ERC20 standard tokens built on the Ethereum blockchain.
Of the total supply of tokens, 72.5% is going towards the token sale, 19.0% is going to the founders and team, 3.8% to advisors, 2.2% to bounties, 1.5% to early birds, and 1.0% to the referral program.
Who’s Behind Connectius?
Connectius is led by founder and CEO Vasily Kozlov, an entrepreneur, stock market investor, and blockchain enthusiast who founded and managed several companies, and is also one of the founders and co-owners of a large network of mining farms.
Other key members include Sergey Nosikov (Company Founder and CTO), an expert in IT and telecommunications with 15 years of on-the-job experience at Russian and international companies. There’s also Aleksey Alimov (Founder and CVO), and Aleksey Nosikov (Founder and CAO)
Work on Connectius began in 2016. The first Connectius-based mobile app, called Connectius Experts, has already been developed.
Connectius aims to create a decentralized e-commerce platform built on blockchain technology. The platform allows service providers to list services in USD, then accept payments with lower overhead costs than conventional service platforms. All transactions are performed in CNT tokens, and users can pay using USD or CNT tokens.
The Connectius token sale is underway throughout November and December 2017. You can learn more about the company online today at Connectius.com.