Connecty

Connecty
ICO date: 15.06.2018 - 14.07.2018
Industry: R&D
Description:

Connecty is a platform that uses AI to bring together two sides of R&D market, businessmen and scientists, to create value and innovation.

How it works:

The two worlds that create innovation, business and science struggle to understand each other. Connecty believes there is a gap of understanding between them and the platform this company develops is going to fill it, allowing humanity to progress even faster.

The main task it seeks to perform to achieve the most efficient understanding possible is to create an AI algorithm that would translate between the two. The AI will create a joint lexicon and will be translating the language of business into the language of science. What it does is simplifies creating a proper technical specification for the scientists, a stage at which many companies struggle. This will reduce the amount of time needed to finish the project and money wasted on inefficiency.

This algorithm will take  years to be fully developed. By the end of development process, its possibilities will include vectorising documents, extraction of concepts by grouping words, building a network of concepts, recontextualizing portions of texts and assisting project profile writing.

Businessmen can create an issue or a problem they need to solve or a question they need to answer and find contractors in the industry of knowledge to solve it for them. Scientific contractors get an opportunity to find clients easily, leaving them more time to spend actually working and creating material for innovation. The AI helps to transform the problem businesses need solved into a proper technical specification, saving both sides of the deal a lot of time on clarifying uncertain parts of the job.

Transactions are conducted in CTY, using smart contracts and blockchain to simplify the process and make it safer. Blockchain makes it easy to track transactions in an anonymous way, to create intellectual property managing system and a reliable reputation system that helps all participants of the network to choose the best people to cooperate with.

Innovation:

The innovation Connecty brings to the market is immense. The marketplace itself fills an important gap in the industry, spurring more innovation. The AI the company plans to develop takes it to a whole new level.

Innovation score: High

Token value:

CTY token is a utility token of the platform. It is used to pay for knowledge purchased on it. Once the amount of users grows, demand for the token will drive its value up. Considering the fact that there will be a lot of small transactions like purchasing articles or subscriptions to magazines, and some big transactions for scientific research, CTY’s price is expected to rise significantly.

Token value score: High

White paper:

The white paper outlines features of the knowledge economy and opportunities for income, explains the concept of the platform in details and describes the AI the company is going to develop. It talks about use cases for CTY token and describes Connecty’s business model.

White paper score: High

Roadmap:

Connecty presents two roadmaps, on business and development of the AI.

The company will roll out the alpha version in the second quarter of 2018, focusing on engineering and economic research and listing 200 users. Beta version that is expected to have 5000 users. It is going to released in the third quarter. In the end of the year the platform will be live. AI will only be able to perform basic tasks on this stage.

By the end of 2019 the company will release v.2.0 and will teach the algorithm more progressive things like semantic grouping of words. When the v.3.0 is released in 2020 Connecty expects to have over 1 mio users. Development of the AI will be finished in 2022.

Roadmap score: High

Business model:

Connecty platform is going to be accessible freely for most users. Large organisations that will be using the platform to generate significant profits will be given a choice of premium subscriptions to gain access to advanced features. The platform also charges a fee on withdrawing funds and sales of articles and magazine subscriptions. The estimated turnover will be 100 mio EUR in 2022.

Business model score: High

Team:

CEO’s scientific background starts in 2005, he was working as an expert in finance and innovation since that time as well. CTO ran a company for five years, and runs another company that deals with blockchain solutions since 2013. CCO has been doing optimisation and sales for 18 years. Chief Research And Development Officer is a doctoral researcher and a researcher for a number of projects for the government of France since 2010.

The company has advisors on neuroscience and knowledge, middleware, blockchain, innovation, science and two AI advisors. One of them has a PhD in Cognitive Sciences and has been invited to give TED speeches. The advisor on knowledge is a professor of knowledge economy in France, teaching his own course.

Team score: High

Competitors:

There seems to be no valid opponent to Connecty on the market right now. Most of the platforms that offer similar services are niched and rather small sized. None of them attempts to connect the players on the market together, most just offer their own research.

Competitors score: High

Overall thoughts:

Connecty enters a lacuna on the market that needs filling and presents an ingenious idea to do that. The company has a well thought out business plan and its team is top notch. CTY token has all the potential it needs to be considered a good investment choice.

Website: connecty.io

Overall Score

High

4.7 / 5

Risk score

Low

Crowdsale


ICO

ICO start date: 15.06.2018
ICO end date: 14.07.2018
Soft cap: 2 000 ETH
Hard cap: 88 000 ETH

TOKEN DETAILS

Ticker: CTY
Token price in USD: 0,01

Legal


ICO Platform: No
Country Limitations: China, South korea, Indonesia, Nepal, Bangladesh, Bolivia, Ecuador, Kyrgyzstan
Registration Country: France