connectjob white paper - coinwoot.com€¦ · uberization objectives • +20m users per month...

1 ConnectJob white paper


Introduction

ConnectJob overview

Platform’s Roadmap

Team and advisors

Development strategy and business plan

3

11

30

33

45

CONTENTS


INTRODUCTION


CONNECTJOB, A REVOLUTIONARY SERVICE MOBILE APPLICATION …

…SUPPORTED BY AND FOR THE BLOCKCHAIN COMMUNITY…

1

2

• A unique platform already developed allowing to gather all services dedicated to individuals in an all-in-one application

• More than 30 jobs already available: coaches, gardeners, babysitters, plumbers, housekeepers, etc.

• A platform relying on users and Jobbers’ geolocation

• A secured platform in terms of payments as well as users and Jobbers’ profiles

Leveraging Ethereum Token standard ERC20, ConnectJob will allow decentralized exchanges of value between a community of Jobbers and Users

One of ConnectJob’s main strengths lies in the use of the Blockchain technology which allows to:

• Offer secured and low cost transactions by allowing users to pay jobbers with CJT instead of fiat

• Connect with Blockchain ecosystem: Ability for other Blockchain application to interact with the ConnectJob platform

• Use utility Tokens: benefit from additional functionalities (discount on service provisions, VIP services, etc…)

• make sure of user solvability by using smart contract for escrow and releasing token when the job is done

• ConnectJob will act as the Oracle of the smart contract for paying jobbers when the job is done

• Offer Self sovereign identity service

CJT

6

4

ConnectJob unlock the payment

Jobber User

Do the job

2Make Deposit

1Request and

choose Jobber for a service

ConnectJob App - platform

5Rate Jobber

3Hire Jobberfor the task

10

Escrow Ethereum Smart-contract

CJT

10 CJT


…EVOLVING IN A FAST GROWING MARKET…

…FOUNDED BY A TEAM OF HIGHLY SKILLED PROFESSIONALS…

3

4

Uberization of services

• +$900bn Size of the booming gig economy market

• +$100bn Size of the market sub-segments such as « Freelance » and « Micro-jobbing »

• +$35bn Funds raised by Uber-economy companies

A best in class team of more than 30 people (including c.20 developers)

• Yoni Assouline

• Jonathan Gueron

Internal team

Uberization objectives

• +20m Users per month within the next 5 years

• 20 Main global cities covered by the ConnectJob application

• 4 Years for ConnectJob to be fully decentralized

Yoni Assouline is the co-Founder and CEO of ConnectJob. He is responsible for marketing development, investor relations and international roll out. His experience as a serial entrepreneur allowed him to acquire strong management and development strategy skills

Jonathan Gueron is the co-Founder and CTO of ConnectJob, responsible for Tech and Blockchain departments. He previously founded iAdvize, a European success story, and was the Technical Director. He heads a team of 20 developers and has himself cutting edge web development skills.


Prominent international advisors supporting ConnectJob

Jeremie Berrebi

Hubert de VauplaneTetsuyuki Oishi

Marc Kenigsberg

“For the first time, I am an advisor of a company as part of its ICO operation, ConnectJob is a project

that has caught all my attention for the high potential of the mobile application, the buoyant

market on which it evolves and the quality and professionalism of the team“

“Given the tremendous success of ICO fundraising process, totally unregulated

today, we thought it necessary to promote best practices to protect investors”

“This is Uber for jobs!

ConnectJob is a practical and working app to connect real jobs in your area. I have 10 years+ experience in Job industry which is changing so slowly. It is time to make it change dramatically with decentralize way with blockchain power”

“Blockchain’s mostcommercial application is trustless collaboration. ConnectJob utilizes this to democratize the largest service marketplace in the world without the need for a 3 rd party

and with a built-in self-managing economy. The benefit to providers and users for services is self- evident and will lead to large scale

adoption in all service verticals”

Scalene Partners

“As Investment Bankers, we are very enthusiasts to accompany ConnectJob in this great project and we truly believe that it will create value for all stakeholders in a near future”


In this paper, we present ConnectJob, a universal platform for connecting service providers (“Jobbers”) to their clients in a fast and secure manner, where token stakeholders can participate in the platform and exchange services and digital assets.

ConnectJob is an all-in-one application that provides a wide range of services to suit different user needs on a single platform. In line with the growing gig economy, we will help our Jobbers provide a wide range of services such as coaching, gardening, baby-sitting, cleaning, driving, etc., through a simple all-in-one application based on geolocation services.

Along with this disintermediation of services, ConnectJob will be a decentralized platform. The company encompasses the decentralization of services’ vision that public blockchain technology allows.

ConnectJob will therefore:

• Immediately allow its users to manage their assets directly through the CJT token, without involving a third party;

• In the near future, allow its Jobbers to transfer their reputation in a decentralized manner from the ConnectJob platform to other decentralized applications, by developing a SDK and an API for decentralized reputation validation;

• Integrate with the decentralized applications currently being built on the Ethereum blockchain (e.g. uPort for identity management, KyberNetwork for decentralized exchange of tokens, etc.);

• Progressively shift from a centralized architecture to a decentralized network built on the Ethereum network and Web3.

ConnectJob will progressively integrate the platform into the public Ethereum blockchain and will make a transition to a fully decentralized service, managed and operated by its users.

ConnectJob needs your help to achieve this vision!For a more technical overview of the ConnectJob project, please see the “Technical Paper”.

ABSTRACT


“ConnectJob believes that when people are treated better they provide better services. In a few clicks you can have it all within reach while saving money. Find a job or Jobber around you within minutes using geolocation.“

OUR VISION

People helping people

Reinvent the labour market

Our Mission

Our vision is to help the labour market with new technologies and facilitate decentralization with the support of the Blockchain community. We deeply believe in the “uberization” of businesses and the growing role of the gig economy in our society. ConnectJob will be at the heart of this new movement by acting as a unique platform to offer services needed anywhere, anytime, with validated service providers.

ConnectJob aims to become a worldwide leader in its market by developing a decentralized platform for all Jobbers and users based on the Blockchain technologies. All users will have the opportunity to find Jobbers nearby using geolocation technology and an “Uber-like” counter (developed internally) for each service offered.

In line with ConnectJob founders’ vision, the existing platform, firstly developed by a centralized company, will be progressively transitioned to a fully decentralized service operated by the ConnectJob community with the help of the founding team. More details on the firm’s ambitious plan for the future in the Technical paper.

After a successful test in Eastern Europe, the application is now ready to be launched in major cities worldwide. In this context, ConnectJob’s ICO will have two main objectives:

• Raise the funds needed to deploy the application globally

• Develop a decentralized and autonomous network between Jobbers and customers with a wide base of new features, services and transactions

The ConnectJob platform’s objectives are to provide a Jobber to someone in need of a service and to provide potential clients to Jobbers. It allows ease of access for customers to find what they need, right at their fingertips.


Our philosophy

YOU RELAX - WE PROVIDE

TOP SERVICES

EASY TO CONNECT

SECURE ENVIRONMENT

ConnectJob collaborates with only highly trusted Jobbers. ConnectJob’s priority is to ensure that service users can be reassured that the job will be done by certified workers. The company ensures that the connection between the Jobber and task seeker is secure, reliable and suitable in order to maintain efficiency and professionalism. ConnectJob is the best solution when it comes to saving time and providing professional services in a secured environment.

Blockchain technology can reshape the way people interact with each other and exchange value. With this technology, a more decentralized world, where citizens regain a form of control over their identity, their data, their money, is possible, and ConnectJob will do its best to contribute to this vision through the next stages of its development.

• Save time, we’ll get your tasks done

• Get professional assistance by a Jobber nearby

• Beneficiate from Jobbers nearby

• User friendly: just one click

• Request any services that you need

• All of our Jobbers are certified workers

• Our priority is your privacy and safety

The blockchain community will use our services with CJT (ConnectJob Tokens), a utility Token that can be used as payment for all offered services. In addition, the blockchain community will benefit from the ConnectJob’s Token that will help building trust between service users and service providers from different sectors. Allowing its Jobbers to transfer their reputation in a decentralized manner from the ConnectJob platform to other decentralized applications, the platform will allow the community to build trust on the individuals profiles, thus providing everyone with a database of qualified and available people.

CONNECTJOB TOKEN


CONNECTJOB OVERVIEW


CONNECTJOB KEY SUCCESS FACTORSBlockchain shift• Utility Token, primarily for users to pay Jobbers and providing a wide range of features (see Token

section)• Validation and portability of Jobbers’ reputations with self-sovereign identity management tools• Implementation of ConnectJob as a decentralized network built on the Ethereum network and

Web3• At first, fiat payment will be accepted on the platform because of the limited user base of

approximatively 5 million people that use cryptocurrency. To be fully efficient and to gain market share over its direct competitors, ConnectJob’s platform needs to attract a lot of users as its value will come from what they call “network effect”. The main aim is then to incentive all users to use Blockchain payments and progressively increase decentralized payment to reach 100% on the platform

• Integration with the decentralized applications currently being built on the Ethereum blockchain (e.g. uPort for identity management, KyberNetwork for decentralized exchange of tokens, etc.)

• Robust token economics: ConnectJob’s token economics is based on a virtuous circle which creates strong incentive for using CJTs over time

ConnectJob added value as an app• The first universal platform listing all services for customers within a single application and using

geolocation technology to connect people• Easy and fast to access for all Jobbers and users worldwide• A secure platform for everyone: secure transactions through the Blockchain, efficient hiring

process, use of certified Jobbers from other reliable platforms• Ready to use application: ConnectJob app is already developed and ready to be deployed. The

current version of the app will be improved by the feedback received from the community and will constantly stay up to date with new technology and features

ConnectJob market• Objective to reach +20m monthly uses in the next 5 years within the 20 biggest cities worldwide• More than 30 different services offered through the application

• Uber-economy market: +900$bn• Freelance and Micro-jobbing market: +100$bnConnectJob Team• Best-in-class management team combining world-renowned entrepreneurs and technical

experts• Team of c. 30 motivated and dedicated employees• Prominent international advisors supporting the entire ConnectJob ecosystem (Blockchain,

Tokenization, Finance, Legal, Communication, etc.)


BUSINESS OVERVIEWWHAT IS IT ?

ConnectJob is an application that provides a vast array of daily needs to its users, through individuals called, “Jobbers”. Geolocation is at the heart of the ConnectJob system, providing its users with services available in their localities, and invoiced in the form of CJT (ConnectJob Tokens) or in fiat (€,$) at an hourly rate (Uber-like meter) that is unique and predetermined for each type of “job”.


WHERE DOES IT COME FROM?

February 2017ConnectJob initially founded with the aim to provides city guide services for tourists

First launch of the application on the city in Eastern Europe enabling ConnectJob’s team to proceeds with some improvements of the apps’ functionalities

Blockchain integration and development of the ConnectJob Tokens features

Beta testing to review apps functionalities

Implementation of the specifications to

make the application usable with several different types jobs

Official launch of the ConnectJob

application

May 2017

June 2017

July 2017

November 2017

August 2017

1

2

3

4

5

6


Our team is composed of qualified professionals and entrepreneurs, who are highly skilled in their fields of expertise. ConnectJob community members are certified workers whose main priority is to fulfill their client needs in the safest, most convenient, comfortable and affordable conditions possible.

The technical part of the project is under the direction of an eminent French entrepreneur, Jonathan Gueron (previously the founder and CTO of iAdvize), enabling the company to confidently face any technical challenges.

Its unique technical skills coupled with the Blockchain technology will steer ConnectJob towards achieving the ambition of +20m monthly uses within 5 years, in c. 20 major cities.

Yoni Assouline, a serial entrepreneur and founder of ConnectJob, will oversee the marketing development, notably deploying the application worldwide and governing day-to-day business activity. Regarding the ICO’s operation, Yoni will also handle investor relations.

Yoni was previously the founder and CEO of a French company specialising in renewable energies. The company was the first candidate for an IPO in the Enternext marketplace. Yoni is also an active business angel holding numerous investments in start-ups.

Founders


WHERE IS IT AVAILABLE?The application will be available in most major cities within the next 5 years. Firstly, ConnectJob will be launched in Paris, London, Dubai and New-York. ConnectJob has already been successfully tested for more than 3 months in Eastern Europe with very positive results.

Paris

Moscow

Barcelona

Rio de Janeiro

Tokyo

Kyoto

Seoul

Hong KongLos Angeles

Chicago

Miami

San Francisco

London

New YorkDubaï

Madrid

Sao Paulo

2018 Openings 2019 Openings 2020 Openings 2021 Openings 2022 Openings


WHO ARE THE JOBBERS?A rigorous hiring process has been established by the company’s developers to guarantee highly qualified workers for the platform. To achieve this, every Jobber will be recruited on a proprietary platform and will be required to follow a reliable and detailed recruitment process. This will involve a review of Applicant skills and previous experiences via interviews with local team recruiters, and if necessary, a final round via video conference with a ConnectJob HR member.

Any data stored in the block is visible to anyone else. With that being said, it is possible to see everything which has ever been recorded in the blockchain such has previous work done by the Jobbers. This is important for our platform as we link Jobbers to users, and a trusted relationship must be directly created, for example, by providing a job history to the ecosystem.

Having these interactions incorporated into the blockchain can certify that a Jobber already did the same type of service, which will help the client in his decision making. This trust factor is key and can be considered as transparency, which is becoming an important matter in the digital civilization.Of course, the privacy of Jobbers is of primary concern. ConnectJob will never register any personal information on the blockchain and will ensure that the link between Jobber’s profiles and their public key on the blockchain can never be made by a third party. The company will use state-of-the-art proxy accounts and cryptographic techniques. In addition, Applicants will have the chance to review Jobber profiles and select the most suitable Jobber for the relevant task. The geolocation system developed by ConnectJob will allow users to track the Jobber during their commute to the job site. Also, users will have the ability to review Jobbers and leave comments on the ConnectJob’s app. The customer care service will be available via online chat and email 24/7 for all inquiries and reports. A team of blockchain experts will be implemented to answer technical questions regarding the use of ConnectJob Tokens.

The ConnectJob team is currently working with legal experts to address all issues related to the labour laws specific to each country. ConnectJob’s ambition lies in its ability to simplify supply and demand in the labour market by offering a decentralized platform that respects legal constraints.

1

2

3

4

5

6

A potential Jobber Sign in

ID jobber’s validationthrough the

ConnectJob process

Data storage

• Securisation• Cutting• Encription

Blockchain database

The validated profile can beused on other applicationsthrough ConnectJob’s API

Machine learning

ConnectJob secured blockchain profile ecosystem

John Connect JobHappy User

12

John did a good job

Blockchain Validation

JohnCarlMariePaul

3Other App data

INFO

TOP DRIVERS

4Decentralization

of John’s reputation

JOHN

TOP DRIVERS

Happy otherApp user

5Hiring = Happy

John

CTJ

CTJ

WALLET

Acquiring

SpendingCTJ

1 2 3

No trustedrelationship

Blockchain has recordedall previous transaction

Trustedrelationship

?

?

CONNECTJOB white paper


The following services will be offered within the first three years of deployment

Housekeeping

Tutoring

PlumbingCar Washing

Pet-sitting

Gardening

BabysittingElderly Care

Courier Chauffer / Driver MoverTourist guide

Technician / Computer scientistDoctor / Medical Fitness coach


Birthday / Party Planning

Manicure / Pedicure

Waiter / Bartender

DJ

Waxing

Hostess

PhotographerMassage

Flyer distribution

Hairdresser Makeup artist


BUSINESS MODELCJT FROM A USER PERSPECTIVE: FRICTIONLESS BUY, USE AND HOLD

PRINCIPLE:

1- How users can obtain CJTs to use the application?

2- How to exchange fiat currency to CJTs?

3- Where do CJTs come from?

4- Why a user should be incentivized to buy more CJTs?

• The user pays the Jobber in ConnectJob Tokens (CJT)

• ConnectJob withdraws commission fees on the payment (10% instead of 20% of the transaction)

• During the token sale

• After the token sale: user can exchange fiat currency or cryptocurrencies for CJTs

• Via listed exchange platform (e.g. Kraken, Poloniex, etc.)

• Via ConnectJob app by acquiring CJT for fiat currency in one click and with minimum fees

• From traditional trading platforms…

• … but in case of illiquidity, ConnectJob will use its reserve to provide CJTs

• By purchasing more token than the amount needed for a job, the user will end up with a surplus of CJTs

• Then, when the user will use the app again, he will pay directly in CJT and no longer in fiat currency then allowing him to benefit from a 10% discount on the service


CJT FROM A JOBBER PERSPECTIVE: MANAGING A CJT WALLET EASILY

PRINCIPLE:

1- What Jobbers can do with CJTs?

2- Why a Jobber would want to keep CJTs instead of swapping them for fiat currency?

3- How to exchange CJTs in fiat currency?

4- How does ConnectJob provide fiat currency to Jobber?

• Jobbers receive CJTs in exchange for a service provided to a user

• The amount of CJTs received corresponds of the amount spent by the user minus the commission fees retained by ConnectJob

• Keep them in their wallet as a cryptocurrency

• Swap them for fiat currency

• Benefit from the token value appreciation

• Spend CJTs as a user of the app and therefore benefit from 10% discount on services

• In the future, token holders will benefit from a range of advantages in the decentralized ConnectJob platform and have an influence of its evolution

• Via a listed exchange platform (e.g. Kraken, Poloniex, etc.)

• Via ConnectJob app by getting fiat currency against CJTs in one click

• ConnectJob goes through an exchange platform

• ConnectJob uses the fiat currency conserved in its escrow account in case of illiquidity on trading platforms (part of the amount of the ICO is blocked for this purpose)


ConnectJob will determine specific pricing based on the country’s marketplace and types of services.

Once the services are completed by a Jobber, both parties, the service user and the Jobber, will confirm that the task has been completed, which will result in the subsequent transfer of payments via the app in CJT.

The transaction fees collected by ConnectJob is set at 20% during the launching phase of the application. This percentage will be progressively adjusted to reach a targeted 10% when the platform will be fully decentralized.

Means of Payment

CTJ

€

CTJ

WALLET

Acquiring

SpendingCTJ

ExchangePlatform

Every transaction on the platform is through ConnectJob tokens. Customers which did not participate to the token sale can purchase the tokens via credit card payments or through cryptocurrencies (Bitcoin or Ether) directly through the app.

LEVERAGING SUPPLY AND DEMAND

UNIQUE MEAN OF PAYMENT IN THE APPLICATION

EXPONENTIAL NUMBER OF POTENTIAL USERS DUE TO STRONG MARKET DYNAMICS

ENCOURAGING CJT USAGE THROUGH A 10% DISCOUNT FOR

PAYMENT IN CJT

ENCOURAGING CJTUSAGE THROUGH

INNOVATIVE FEATURES AND REWARDS

BUYBACK PRO-GRAM DRIVING

FURTHER DEMANDCJT

10%

CTJCTJ

Wallet

CTJCTJCJT

User Jobber

CTJCJT

CJT CJT

Incentiveto become

a user

Incentive touse tokensfor a new

job

CJT

Wallet

CJT

Tokens issued capped, ICO contributors as only counterparty for new users, vesting

period for team and advisors

1

2

3

4

5

6

CJT

CTJCTJCTJCJT

CJT

Exponential uses due tostrong market dynamics

Incentive new uses based on a virtous circle

Every fiat currency or bitcoins or ethers

1


BENEFITS AND LIMITSIn order for the ConnectJob network to be widely adopted, it must offer a solution that is flexible enough to fulfill the following criteria:

Rapid approvalThe benefits of this application are that it is easy and fast to access someone who is qualified to perform the job. Consumers can use the application to request a Jobber to complete a certain service (e.g. gardening) on their property. This overcomes the traditional method, which is generally time-consuming for users to recruit jobbers. Also, with traditional approaches such as service companies, users are less likely to have the freedom of choice in terms of deciding exactly who will provide the service. Now, thanks to ConnectJob, the user can organize the service required according to the exact time when the Jobber will arrive, as the Applicant can choose the day and time, as well as the individual Jobber.

No advertising and marketing fees for JobbersEach transaction is a low-cost process as the Applicant does not have to rely on browsing an exhaustive amount of companies on the internet, where each company advertises their services and service providers as the best. Until now, Jobbers mostly had to undertake door-to-door advertising and rely on word of mouth to be hired for specific services and increase their client database. Furthermore, it is difficult to establish demand for a specific skill within an already competitive industry.

Staying up to dateConnectJob gives a huge increase in the business possibilities for Jobbers as they are listed on a platform according to their skills. Applicants can therefore choose from a pool of Jobbers based on geolocation, skills and previous ratings. By being listed on the platform, Jobbers can directly target the right market and allow potential customers to view reviews of previous jobs. As Jobbers can display their availabilities on the platform, the Applicant can select whomever is suited to their needs. The problem with a two-sided market (i.e. Jobbers and Users) platform is that it requires a big enough number of jobbers and users to operate smoothly. If there aren’t enough users on the platform, this might diminish Jobbers’ interest in the platform. If there aren’t enough Jobbers on the platform it diminishes user’s interest in the platform. This has to do with network effect. The more users and Jobbers on the platform, the higher value for the platform. This is also known as the chicken and egg problem. As ConnectJob is a two-sided platform, this limit could be a bottleneck issue as the business model relies on this concept. ConnectJob is not the content provider and therefore cannot directly influence the job offers. The potential lack of Jobbers or clients is not specific to our project but is inherent to the market law (supply and demand).

In order to incentivize Jobbers and users to use the ConnectJob platform we intend to:

• Build a user-friendly easy-to-use mobile App

• Create strong marketing campaigns in every country and city the platform is launched

• Set rock-bottom low fees for all payment made with the CJToken

• Integrate the App within the Blockchain ecosystem for more decentralisation and transparency


UBERIZATION OF SERVICES

“Media and public debates are flooded with ‘Uber-economy’ topics and its impacts on our world. Countless terms have been used to qualify these changes such as disintermediation, digital economy, on-demand economy, sharing economy, access economy, gig-economy.”

Most common popular beliefs about the “Uber-economy”

Uber-economy"All sectors are about to be‘uberized’, and there is nothing you can do about it"

Labor

Economy Customers

Social

"The ‘Uber-economy’ is creating new monopolies, granting unrestricted powerto digital champions"

"Uber-like players come at full speed, threatening centenarian companies"

"The ‘Uber-economy’ redefines the conceptof work, dragging us to a freelance-economy"

"Uber-enconomy offers unparalleledflexibility and adaptility to the workers"

"Users benefit from new affordable and innovative services"


The “Uber-economy”, can be defined as a market that is geographically local and fragmented with numerous services providers combined with unpredictable customer experience.

Besides that definition, the “Uber-economy” of services comes with a start-up that set-up a technological platform and lists several types of services facilitating services’ booking and standardizing pricing model.

In today’s context, the “classic” economy is slowly shifting toward “Uber-economy”. This trend is highly enhanced by the fact that blue-chips company have recently realized that they must adapt to new societal habits if they want to survive in the near future.

Large companies do not intend to stay idle, and a shift in their strategies has been observed. Centenarian companies recently showed aggressive digital strategies in their road-map. For an example, Ikea recently acquired the on-demand services platform company TaskRabbit enabling the group to penetrate the on-demand sharing economy market.


ConnectJob is at the corner of the above-mentioned start-ups / companies and aims to aggregate most of the services offered by the

current competitors

One of the most striking things about the “Uber-economy” is that companies evolving within this ecosystem experience unmatched growth rates. As an example, it took

merely five years for Uber to exceed the valuation of General Motors, and 7 years for Airbnb to surpass the valuation of Hilton Group.


KEY MARKET FACTS

+$900bn

+$35bn

+35%

+$1trillion

+$100bn

+100%

50% c. 50%

Estimated market size of the Uber-economy

Funds raised by Uber-economy companies

Average annual growth rate of Uber-economy companies

Independent professionals earn per year

Estimated market size for Freelance and Micro-jobbing

Estimated growth to 2025 of the market

Uberization degree of this market


Main characteristics required to disrupt a market and be considered as a sharing economy company:

Company’s side

Customer’s side

Become rapidly a worldwide leader, with critical mass

Reccuring services implying customer loyalty

Develop a scalable business model, easy-to-find freelancers

Mobile geolocalisation system with instantaneous experience

Be positionned on a global multi-billion dollars fragmented market

Easy-to-use application combined with transparent pricing system

Develop a strong reputation via strong marketing campaigns

On-demand offering


ConnectJob benefits from most of the main characteristics to become a worldwide leader and aims to deploy its app worldwide, in order to gain maximum market shares and prevent competitors from replicating its unique business model.

Competitive environment (not exhaustive)

Technologies used(geolocation, mobile

application, third party integration, etc.)

Jobber management and control

Inprogress

Anyone can offer any services but very low volume

BLOCKCHAIN PLAYER TRADITIONAL PLAYERS

Only accessible to cryptoecosystem (c. 5m crypto-users)

Exhaustivity of servicies offered

Internationaldeployment

Decentralization/Transaparency

ConnectJob intends to surpass its direct competitors by pioneering the flexible workforce business model and provides its users with freedom over the type of services available, but without direct control over the pricing model. ConnectJob founders strongly believe that a major disadvantage of competitor models is the ability of service users to fix prices for specific services. This leads to unsustainable rates for Jobbers, making the platform less appealing for service providers.

Unlike it competitors, ConnectJob intends to act as a commoditized services platform in a commoditized services industry. ConnectJob will focus on matching consumers with available producers as seamlessly as possible. Uber currently employs automatic matching. ConnectJob will use the same type of matching for every type of services and be able to constantly match the demand with offers at a rate that will satisfy both the Jobber and the client.


PLATFORM’S ROADMAP


TODAY

• Ready-to-use application, developed by a team of c.20 developers

• Geolocation of jobbers and user • Credit card, bitcoin, token payments • Billing with metering system• Chat for jobbers and users

FOR USERS

• Customized orders• Scheduled orders• Live chat option with ConnectJob support• User sponsoring and voucher creation

when registered• Payment deposits in the wallet

FOR JOBBERS

• Quick registration by video conference• Ranking (1 to 5 stars)

FOR USERS

• Expanded dashboard• Complaints management system• Ability to view top Jobbers

FOR JOBBERS

• Complaints management system

APPLICATION

• Fraud monitoring system

APP FUNCTIONNALITIES DECENTRALIZATIONKEY MILESTONES

July 2017

H1 2018

H2 2018

• Transactions security improved via smart contracts used as escrow accounts

• Blockchain infrastructure enabling transaction costs reduction

• ETH or BTC available to top up users accounts and exchange for CJT

• Tokens freely transferable and bought and sold on third party markets

• Decentralized identity management: integration of the tools built around the self-sovereign identity concept

• Reputation portability: allow Jobbers to certify their ConnectJob reputation to other services using blockchain technology

• Integration into mobile blockchain applications

• Integration onto Decentralized exchanges


H1 2019

H2 2019

FOR USERS

• Premium customer service• Insurance purchase for the services

required• Registration as a customer for businesses• Affiliate Programs

FOR JOBBERS

• Premium services

APPLICATION

• Extension for ordering physical products• Open API for information

• Open-sourcing of the core components of the project and coordinate the next stages of development

• Implementation of community governance mechanisms (community vote for important decisions via the token)

• Deployment of the solution on fully decentralized networks

• No fees: network will ultimately operate independently


TEAM AND ADVISORS


TEAM

Jonathan Gueron is the co-founder and CTO of ConnectJob. Jonathan is responsible for the Blockchain and technology departments at ConnectJob, which includes managing a team of c. 20 developers.

Jonathan has significant experience in start-ups and the Blockchain ecosystem. Prior to ConnectJob, Jonathan was the CTO and founder of the European success story, iAdvize. Created in 2010, iAdvize is the leading conversational platform in Europe. The company is established in more than 40 countries with a unique portfolio of 600 clients and 2,500 websites. Jonathan’s experience also includes his Network administrator role at Zlio, a start-up founded by Jeremie Berrebi, one of the most influent business angels in France and Israel with more than 350 investments to date.

Jonathan founded ConnectJob with the ambition to create the worldwide leader of the Jobber market with the integration of resources provided by the blockchain system. ConnectJob will benefit from Jonathan’s past experiences via his strong entrepreneur mindset and unmatched skills in Software Development, IT and System Administration.

Jonathan GueronCo-Founder & CTO


Yoni Assouline is the founder and CEO of ConnectJob. Yoni Assouline is in charge of the marketing development notably deploying the application worldwide and ensuring the day-to-day business activity. Regarding the ICO’s operation, Yoni handles the investor relations.

Through his experience as a serial entrepreneur, Yoni will establish an efficient and controlled growth of ConnectJob, replicating the best practices he discovered in previous business ventures. Indeed, Yoni has been a very active Business Angel in the startups ecosystem through several successful investments during the past 5 years.

Previously, Yoni founded a renewable-energy company and successfully went public on Enternext, completing the first IPO on this new pan-European exchange. This track record makes him particularly suited to handle investor relations in the context of an ICO. Yoni can rely on the company’s highly dedicated network of blockchain specialists, financial investors, and marketing expert to operationalise ConnectJob’s development and reach the ambitious goals set in collaboration with his team.

Yoni Assouline Founder & CEO

Tamir has held different positions in several leading IT companies and start-ups including HP, and Viber. During his career, his responsibilities included: QA engineering, software development, customer support management, QA and project management.

His responsibilities include managing the development, product and customer services departments. His ability to multitask and manage large teams enables him to work very effectively under pressure. With almost 20 years of experience in global companies with employees from various backgrounds, Tamir is highly capable of managing teams consisting of individuals from different cultures.

Tamir Ruvinov COO


With a sharp and unique way of thinking, Nechemya can turn any business into a successful one. His experience focuses mainly on internet marketing and software development. Nechemya began his career in Internet marketing at the age of 20, when he was engaged independently in marketing leads to leading partner networks in Israel. He generated thousands of dollars a day within the first few weeks, and played a key role in the expansion towards a global company.

His development experience began approximately six years ago, when he began to develop websites and Internet systems for private customers with complex requirements. This led to his realization that the real power lies in automation systems; he subsequently developed several systems for automated control of Facebook and YouTube ads. This, in combination with his marketing experience, produced amazing results.

Nechemya Kanelsky CPO

Irina holds a Master’s degree in Management of Organizations with honours and a PhD degree in Economics and Accounting. She has over 10 years’ experience in the field of accounting. Specifically, she has worked as a chief accountant for several leading companies.

Irina is highly experienced in reconciliation and settlements with suppliers and customers, conducting banking operations, preparing and submitting reports to Tax Inspections, coordinating statistics and other funds.

Irina TonkonogayaCFO


Beni is a serial web entrepreneur with 15 years of experience in management and business development, digital strategies, media sales, buying and optimization.

Prior to leading the marketing and acquisition strategies for ConnectJob, he managed RMKR Limited, a leading Performance Advertising network. He also founded JJF Media, an Online Advertising Arbitrage firm, served as VP of Marketing at PlyMedia and founded Titan.fr (Playtech – Lon: PTECH).

Beni holds a Master of Arts degree and has published two books: Fayce, le JE de la paix (Ram Editions) in 2008 and Voyage en Orient (European Academic Press) in 2011.

Beni Issembert CMO

David is a self-made man with strong entrepreneurial background. At age 20, David founded his first start-up company, Dcom Group, in Ukraine. It became one of the largest International Voice Over IP and SIP calls company. It was distributed to the CIS later, which provided Ukraine with the most affordable International calling cards. After only 2 years, the company had over 15,000 SIP users and 200,000 active calling card users.

In 2008, David sold the company and founded a new Israel-based company named Simzol. This company is now one of the biggest players in International B2B and B2C SIM card distribution. The SIM cards are intended for travellers, offering unlimited data as one of its main features. It is the one of the most convenient and affordable solutions for international users.

David Persiko Managing Director


Maxime is responsible for establishing ConnectJob’s technical vision and manages, with Nechemya and Jonathan, all aspects of the company technology development. Maxime is also responsible for managing the app’s technology resources, support facilities and all related software programs.

Maxime has long-standing entrepreneurial experience. Prior to joining ConnectJob, he successfully founded several start-ups. He founded Leadlike in 2011, a company specialised in web strategy and application development and Browz’In, a start-up specialized in geofencing technologies for the retail sector.

Maxime also provides digital marketing services, consulting for major companies in France and Israel, and teaching services at Vatel Business School, the Galilee Institute and for the Ministry of Agriculture. In 2015, he opened Web School in Jerusalem to train online community managers.

Maxime Seligman Head of R&D


Jennifer KellettVP Marketing

Maria KuznietsovaProject Manager

Alex GreengrassHead of Marketing

Oksana LavriSCO

Tigran BegoyanMiddle QA Engineer

Sarah KleinMarketing Executive

Alex MaslovSMM Executive

Ilya KalininSenior PHP Developer

Alexander Crow Chief Software Architect

Sergii DoniiSenior PHP Developer

Dmitry SoldatenkoSenior IOS Developer

Mikael LalouGrowth Hacker and UX specialist


Ivan SlobodnichenkoMiddle Front-End Developer

Nikita MarshakMiddle PHP Developer

Anastasia SvyrydovaSenior UX

Ksenya ScherbakovaOffice Manager

Ilona MakukhovskayaRecruiting Manager

Inna BorysLead Recruiter


ADVISORS

CEO and founder at Magical Capial / Family Offices, Venture Capital and corporates Advisor

Jeremie Berrebi is the founder of Magical Capital (2015), an investment house with a specific focus on High Tech companies all over the world (investment size from $5m to $500m).

Prior to create Magical Capital, Jeremie co-founded Kima Ventures in 2010 with the self-made billionaire founder of Free, Xavier Niel, France’s

biggest independent ISP. Kima Ventures is now recognized as the most active and influent Business Angel in the world.

Jeremie is self-made man who published its first book at the age of 18, created its first start-up at the age of 19 and managed more than 70 employees when he was only 26. During its long career of serial entrepreneur and Business Angel he founded numerous success stories such as iAdvize (the European leading conversational platform), Leetchi (online prize pool), Freshplanet (social gaming community), Producteev (the world’s best task management software for teams), etc. He also invested directly or indirectly in more than 300 companies in c. 30 countries.

Jeremie was rewarded many times regarding its outstanding carreer. He notably won the Europas 2014 as the best Angel / Seed investor in Europe, he is part of the top 10 most influential technology investors in Europe for the Telepgraph and Part of the 40 under 40 most promising people 2012 by TheMarker newspaper Israel.

Financial advisorJeremie Berrebi


Simon Eischen is a co-founder and managing partner at Scalene Partners, an independent fundraising boutique located in Paris. All founders have previously worked at Rothschild & Cie as members of the Global Financial Advisory team, specializing in large capitalization M&A operations.

Together, they bring 10 years’ worth of experience, with involvement in more than 20 top international transactions, representing a monetary

value of approximately 30 billion euros.

Scalene Partners’ ambition is to bring the know-how and technical skills acquired through several large cap M&A operations to the start-up ecosystem in order to successfully achieve their fundraising goals. Scalene Partners has recently extended its scope of intervention to ICO operations, bringing all the rigor and gravity of classic fundraising methods to an unregulated environment.Alongside major financial, tax and legal players, Scalene Partners aims to establish the best ICO practices in order to: (1) avoid the misuse that currently taints some ICO operations and the blockchain community (2) anticipate potential incoming regulations from financial government agencies.

Lead advisorScalene Partners

A partner at an American law firm, Hubert de Vauplane has worked for more than 30 years in the banking and financial sector, both as counsel and as a trader. Before becoming a member of the Paris Bar in September 2011, he was the Legal Manager of the financing and investment business at BNP Paribas, then the Legal and Compliance Manager at Crédit Agricole.

He was professor at the University of Panthéon - Assas for 18 years, and today teaches at the Sciences Po Paris Law School. He has served as an

e x p e r t for the AMF [The French Financial Markets Regulator], the European Commission, the Bank of England and the European Central Bank. A regular writer for the Banque journal, he is also co-authored with Jean-Pierre Bornet the traité de Droit des marchés financiers which, in 1999, was awarded a prize by the French Academy of Moral and Political Sciences.

Kramer LevinLegal Advisors


Testuyuki is one of the most influential people in the Japanese Bitcoin community with more than 37,000 followers on Twitter. His blog (doublehash.me) is the most popular Bitcoin blog in Japan.

Not only being the Director of Digital Money Association Japan and an advisor of Japan Blockchain Association, he is also an advisor

to the Factom project (a blockchain collaborative platform), and an ambassador of Bitnation (the World’s First Virtual Nation).

Also, Testuyuki has a strong expertise on the labour market as he previously established an online recruiting company, and worked in Management consulting in Accenture Japan.

He has published more than 20 books about Bitcoin Technology of which bestsellers. Tetsuyuki has an engineer degree from Keio University and currently lives between Vietnam, and Tokyo.

Marc is an advocate for Bitcoin and cryptocurrency and a strong believer in technology’s ability to improve the world. Marc is the founder of BitcoinChaser.com, and is a bitcoin enthusiast since 2013, he also operates various Bitcoin websites and projects.

Marc is a veteran of the gambling industry with 15 years’ experience in various marketing roles, including being responsible for marketing

at some of the largest Playtech and Microgamimg licensees.

He currently advises and works with various Bitcoin and Blockchain businesses around the world.

He speaks at blockchain events around the world and has spoken at numerous events in the past, including blockchain events in Czech, Ukraine, Estonia, Spain, UK and Cyprus, the London Affiliate Show, Ice Totally Gaming, the World Gaming Summit, SiGMA Malta, Bitcoin Europe and various other conferences and events. He also regularly contributes to publications in the crypto space including ICO Crowd magazine and appearing on cryptocurrency shows including for CNBC.

Blockchain and ICO pioneer:

Blockchain and ICO advisor:

Tetsuyuki Oishi

Marc Kenigsberg


PARTNERS AND MEDIAS


DEVELOPMENT STRATEGYAND BUSINESS PLAN


TABLE 1: GEOGRAPHICAL DEPLOYMENT

The following financials are based on ConnectJob management’s objectives in terms of geographical deployment and stages of development of the application.

• ConnectJob’s main objective is to penetrate major developed countries within the next 5 years. The modus operandi is to categorise the targeted cities into megacities (more than10 million inhabitants), large urban areas (more than 3 million inhabitants) and large national cities (less than 3 million inhabitants)

• ConnectJob’s first stage will focus on deploying a presence in the megalopolis, starting in 2018 with Paris, London, Dubai and New-York

Project Hermes General White paper page 45

Opening per region 2018e 2019e 2020e 2021e 2022e

Americas 1 1 0 2 3

Europe 2 1 0 2 0

Asia 1 0 1 0 2

TOTAL 4 2 1 4 5

Cumulative opening 2018e 2019e 2020e 2021e 2022e

Americas 1 2 2 4 7

Europe 2 3 3 5 5

Asia 1 1 2 2 4

TOTAL 4 6 7 11 16


TABLE 2: SALES EVOLUTION (IN €M)

31

2018 2019 2020 2021 2022

74156

279

465

CAGR: +96%

• Based on the market size and potential growth, ConnectJob is expecting a strong increase of its revenues (+€465m / +96% CAGR) over the 2018-2022e period, mainly driven by the following assumptions:

• Strong increase of total inhabitants’ potential reach, from c. 40m in 2018e to c. 175m in 2022e, mainly due to the number of cities opened over the period (c. 20)

• Significant increase in cost per hour for services, going respectively from c. €13 to c. €23 between 2018e and 2022e. This increase is related to the fact that ConnectJob will incorporate premium type of services over the time

• The percentage of smartphone holders worldwide and ConnectJob penetration rate will also significantly increase over the period (from 59% to 63% and from 3,0% to 4,4% over the BP period)

TABLE 3: HEADCOUNT EVOLUTION

439392

298

581683

2,3x

2018 2019 2020 2021 2022


TABLE 4: EBITDA EVOLUTION (IN €M)

(26)

7 69

140

267

CAGR: +97%

2018 2019 2020 2021 2022

• As a result of costs optimization and strong growth in revenues, EBITDA is expected to significantly increase over the 2018e-2022e period (+97% CAGR over 2020e-2022e)

• EBITDA is mainly impacted by salaries, marketing costs (including one-off marketing for city openings and recurring marketing costs)

• Profitability will be reached in late 2019e and EBITDA margin will reach c. 60% in 2022e

TABLE 5: CASH BALANCE (IN €M)

459

173

397

32018 2019 2020 2021 2022

CAGR: +208%

• ConnectJob aims to use the funds raised via its ICO to deploy the application in major cities since 2018 (Paris, London, Dubai and New-York). Consequently, an important amount of cash will be spent during 2018 and 2019 for Marketing and Development purposes in priority (details in the table 6: funds allocation)

• A cash buffer has been planned by the management team: the minimum cash position during the business plan period will not be less than c. €3m. ConnectJob will then benefit from an important cash flow generation from 2019 allowing the company to serenely envisage its international deployment


TABLE 6: FUNDS ALLOCATION

44%

14%

5%

8%

27%

30%

Marketing

External costs

Consumables

Property rentals

Operationnal costs

Development

The funds raised during the ICO will be allocating as following:

• Marketing – 44% of funds allocation:

• Headquarter one-off marketing costs related to a city opening: each category of cities (megacities, capitals, large cities) has been studied extensively to build a tailor-made cost estimation per category

• Headquarter / Regions recurring marketing costs: based on the evolution of the activity and taking into account all the general marketing expenses (communication, media, publicity, marketing support, etc.)

• Salaries for the marketing team: a rapid and ambitious recruitment plan has been put in place by ConnectJob. High annual increases have been factored for the headquarter employees

• Development – 30% of funds allocation:

• To support the rapid and profitable development of the company, an significant budget has been allocated for the development of the application / Token including leading technical experts in various areas such as: Tokenization, Blockchain, Backend, iOS and Android application, third party integration, Big Data, etc.

• The headquarter will remain the nerve centre of the technical development activity, and will be managed directly by the CTO himself


• Operational costs – 27% of funds allocation:

• Property rentals for the headquarter and the cities where ConnectJob is implemented

• Consumables, utilities, general expenses for each office

• External costs such as travel, transportation, consultants, accounting, legal, insurance, commissions, etc.

In addition, funds allocation of the total ICO will contribute notably to hiring local teams. These teams are critical in ensuring ConnectJob’s geographic growth expansion. Local teams will take care of (i) developing sales activities, (ii) resolving potential technical issues, and (iii) finding Jobbers that correspond to ConnectJob’s criteria. This will ensure the provision of best-in-class level of services

Minimum ICO goal reached

Minimum ICO goalreached

% of TOKENS sold during ICO

Geographicaldeployment

Short Term priorityDeployment in megacities(+10m inhabitants)

Mid Term priorityDeployment in large urban areas (>3m inhabitants)

PostponedDeployment in large national cities (<3m inhabitants)

Popular jobse.g. Baby-sitting, coaching, housekeeping, pet-sitting,

makeup artists, etc.

All token functionalities

available


available


available


available

Most of the jobsExcluding very specific

jobs such as doctor, tourist guide, elderly care, etc.

All jobs + partnershipsExlusive job offer in

partnership withspecialized companies

All jobs

Short Term priorityDeployment in megacitiesand large urban areas

Mid Term priorityDeployment in large national cities

Postponed

Short Term priorityDeployment in megacities, large urban areas and large national cities

Mid Term priorityExtensive geographical footprint in countries already deployed

Postponed

Short Term priorityDeployment in megacities, large urban areas and large national cities + extensive geographical footprint

Mid Term priorityOccasional coverage of international events (Olympic games, music festivals, etc)

Postponed

Exhaustivity ofservice offered

Token utility

Full decentralization

unlocked in...24 months 18 to 24 months 15 to 24 months 12 to 18 months


Project Hermes General White paper page 50 et 51

PROFIT AND LOSS ACCOUNT (page 50)

in $m 2018e 2019e 2020e 2021e 2022e

Sales 31.2 73.8 155.8 278.8 465.3

% growth -- +136.4% +111.0% +79.0% +66.9%

SGNA (57.4) (67.0) (86.8) (138.6) (198.2)

% sales 183.7% 90.7% 55.7% 49.7% 42.6%

Salaries (25.6) (37.0) (45.0) (60.8) (73.9)

Property rentals (2.2) (3.1) (3.7) (5.7) (7.2)

HQ (0.4) (0.4) (0.5) (1.0) (1.0)

Regions (1.8) (2.8) (3.2) (4.7) (6.2)

Marketing (24.9) (21.6) (29.5) (59.2) (97.3)

HQ - marketing launch (19.0) (10.0) (5.0) (17.0) (18.0)

HQ - recurring marketing (3.1) (7.4) (19.5) (34.9) (69.8)

Regions - recurring marketing (2.8) (4.3) (5.0) (7.4) (9.6)

Consumables (0.9) (1.5) (2.0) (3.2) (4.5)

HQ (0.2) (0.4) (0.7) (1.3) (2.0)

Regions (0.7) (1.1) (1.3) (1.9) (2.5)

External costs (1.9) (3.7) (6.5) (9.7) (15.3)

HQ (1.0) (2.3) (4.9) (7.3) (12.1)

Regions (0.9) (1.4) (1.6) (2.4) (3.2)

ICO Costs (2.0) - - - -

EBITDA (26.1) 6.9 69.0 140.2 267.1

% margin n.m. 9.3% 44.3% 50.3% 57.4%

D&A (1.0) (0.9) (1.2) (2.4) (3.9)

% du CA 3.2% 1.2% 0.8% 0.8% 0.8%

EBIT (27.1) 6.0 67.8 137.8 263.2

% margin n.m. 8.1% 43.5% 49.4% 56.6%

Financial result - - - - -

% sales - - - - -

PBT (27.1) 6.0 67.8 137.8 263.2

% margin n.m. 8.1% 43.5% 49.4% 56.6%

Taxes - - - - -

% sales - - - - -

Net result exc. ICO (27.1) 6.0 67.8 137.8 263.2

% margin n.m. 8.1% 43.5% 49.4% 56.6%

ICO 37.0

Net result 9.9 6.0 67.8 137.8 263.2

% margin 31.6% 8.1% 43.5% 49.4% 56.6%

PROFIT AND LOSS ACCOUNT


CASH FLOW STATEMENT (page 51)

BALANCE SHEET ACCOUNT (page 51)

in $m 2018e 2019e 2020e 2021e 2022e

Net Result (27.1) 6.0 67.8 137.8 263.2

ICO 37.0 - - - -

Change in WCR (1.6) (3.7) (7.8) (13.9) (23.3)

D&A 1.0 0.9 1.2 2.4 3.9

Operating CF 9.3 3.2 61.2 126.3 243.8

Capex (5.0) (4.3) (5.9) (11.8) (19.5)

Investing CF (5.0) (4.3) (5.9) (11.8) (19.5)

Capital 0.1 - - - -

Debt - - - - -

Debt reimb. - - - - -

Financing CF 0.1 - - - -

Change in cash 4.4 (1.2) 55.3 114.4 224.3

in $m 2018e 2019e 2020e 2021e 2022e

PPA 4.0 7.4 12.2 21.6 37.2

WCR 1.6 5.3 13.0 27.0 50.2

TOTAL ASSET 5.5 12.7 25.2 48.6 87.5

Equity 0.1 0.1 0.1 0.1 0.1

ICO 37.0 37.0 37.0 37.0 37.0

Net result (27.1) 6.0 67.8 137.8 263.2

Retained earnings (27.1) (21.1) 46.6 184.5

Net debt / (cash) (4.4) (3.3) (58.5) (173.0) (397.3)

TOTAL LIABILITIES 5.5 12.7 25.2 48.6 87.5

CASH FLOW STATEMENT (page 51)

BALANCE SHEET ACCOUNT (page 51)

in $m 2018e 2019e 2020e 2021e 2022e

Net Result (27.1) 6.0 67.8 137.8 263.2

ICO 37.0 - - - -

Change in WCR (1.6) (3.7) (7.8) (13.9) (23.3)

D&A 1.0 0.9 1.2 2.4 3.9

Operating CF 9.3 3.2 61.2 126.3 243.8

Capex (5.0) (4.3) (5.9) (11.8) (19.5)

Investing CF (5.0) (4.3) (5.9) (11.8) (19.5)

Capital 0.1 - - - -

Debt - - - - -

Debt reimb. - - - - -

Financing CF 0.1 - - - -

Change in cash 4.4 (1.2) 55.3 114.4 224.3

in $m 2018e 2019e 2020e 2021e 2022e

PPA 4.0 7.4 12.2 21.6 37.2

WCR 1.6 5.3 13.0 27.0 50.2

TOTAL ASSET 5.5 12.7 25.2 48.6 87.5

Equity 0.1 0.1 0.1 0.1 0.1

ICO 37.0 37.0 37.0 37.0 37.0

Net result (27.1) 6.0 67.8 137.8 263.2

Retained earnings (27.1) (21.1) 46.6 184.5

Net debt / (cash) (4.4) (3.3) (58.5) (173.0) (397.3)

TOTAL LIABILITIES 5.5 12.7 25.2 48.6 87.5

CASH FLOW STATEMENT

BALANCE SHEET ACCOUNT

connectjob white paper - coinwoot.com€¦ · uberization objectives • +20m users per month...

Documents