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The sharing economy is rapidly becoming prevalent and popular in today’s society. This ecosystem makes the American dream of owning and operating your own business and working for oneself, easily accessible to the masses. The sharing economy is becoming more and more commonplace in our lives, most notably: Uber (Ridesharing), Airbnb (Property Rental), and Twitch (Live Video Streaming) to name a few.
The Sharing Economy is truly in its infancy in the United States and has seen rapid growth in other countries around to world for many years with an expected value of $335 billion by 2025.
The sharing economy has established players and products in many different industries, ranging from transportation, property rentals, video content, food delivery, and more. Interestingly enough, there isn’t a major established player when it comes to e-commerce and the sharing economy. While some e-commerce platforms such as Shopify and Etsy have trace elements of these sharing philosophies, they’ve barely scratched the surface of the full potential of what e-commerce can become.
Condotto is in the initial stages of development. The product is currently pre-prototype in the early wireframe phases. The team is using its previous expertise in cross-platform development, inventory systems, and payment processing to create their initial prototype. This prototype will help to convey the intent of the end-product to the team and demonstrate a streamlined user experience, while creating a foundation for its core infrastructure. With the funds raised, we will scale up our development team to build the platform’s native applications, integration with payment gateways, and the heart of Condotto, its patent-pending shared inventory system
The online marketplace is controlled by a very small handful of players and while these platforms have made shopping more convenient, they have also made it difficult for small businesses to compete online. There are no simple solutions in the e-commerce space that leverage the sharing economy in a way that incentivizes business growth, all while leveling the playing field on large distributors.
Today’s online shopping experience requires users to go to dozens of
portals to buy the inventory that they desire. While some companies combine hotels, airfare, car rental all in one place, there is nothing on the
market that allows for the consumer to benefit from these sales, nor a
place to buy anything outside of the category they are shopping in under
one roof. Finding tangible goods, services, bookings, digital content,
ticketing and more within a single platform that can be controlled by
anyone, just doesn’t exist.
At ECXTECH, we are building an online marketplace built on the sharing economy that is truly open – a platform where anyone can compete and find
virtually anything in one place.
Condotto, simply put, is “Uberizing Online Shopping.” It is the next evolutionary step in the world's e-commerce ecosystem. No different than UBER’s ride-sharing concept, Condotto looks to leverage the sharing economy to redefine how people buy and sell online. Condotto enables inventory owners and sellers to work together to introduce a new competitive and streamlined consumer experience. Condotto is a revolutionary software platform, that allows anyone to sell more product, faster to a wider audience than ever before. Using its patent-pending shared inventory technology, Condotto lowers the barriers of entry for anyone to create their own e-commerce business, thus creating a new sharing economy model for both inventory owners and sellers. This powerful system exposes any markets’ inventory to the public for sale, in potentially thousands of commissioned seller’s online stores, all over the world. In turn, increasing the audience exposure and likelihood in which something is sold, all while limiting arbitrarily marked up prices for consumers.
Step 1. Cataloging items: The owner of any item will fill out a form on the Condotto marketplace. Using various information, such as images, descriptions, prices, commissions percentages, etc. about their item. Once cataloged, this item will then be added to the shared inventory system(SIS).
Step 2. Shared listings: Next, Condotto’s unique platform allows any item in the shared inventory system, to be listed for sale by an infinite number of Condotto storefronts in tandem. The platform then alerts the owner that their item has been accepted for listing by other commissioned sellers’ stores.
Step 3. Transaction and Fulfilment: When the item is sold through a storefront, Condotto’s payment system automatically distributes the funds to all parties. All stores that list these items will have their quantity decremented simultaneously in real-time. The item is then fulfilled by the inventory owner or fulfilment partner.
“Free” Global Sales Force
Faster Sale Of Products
Wider Market Reach
Increased Audience Exposure
Ownership Of Sales Data
In-Depth Sale Analytics Tools
Reduction Of Variable Advertisement Costs
The biggest difference between other platforms and Condotto is the sharing economy culture. What this means is that any item listed on the platform can be sold by any storefront for a commission. Since commissions are set by these inventory owners, other commissioned sellers are incentivized to list and market these items in their own virtual stores. Those commission prices are easily absorbed by the inventory owner as a small percentage of their margin. Condotto focuses on making sure that inventory owners always own their customer data, unlike other e-commerce platforms. In typical e-commerce ecosystems, items sold contain markups in an effort to create margins for the merchants. On Condotto, the price is fixed by the owner and the merchant can’t change the price, unless they own the item being sold.
Step 1. Open a Virtual Storefront: Anyone can create their own e-commerce business by opening their own free virtual store and become a commissioned seller. To start, sellers will use Condotto’s storefront creator to build a brand around the type of items that they want to sell. They can then customize relevant information about their brand for their audience to see, such as logos, descriptions, social networks, videos, etc. Coupled with a Condotto merchant account, each individual store creates the added benefit of earning passive income seamlessly.
Step 2. Search the Shared Inventory System: Next, sellers can browse potentially millions of publicly listed items in Condotto’s shared inventory system. Sellers can select items to add to their storefront as it relates to their brand. Selecting higher commissioned items will yield greater returns for the storefront owner.
Step 3. Audience Reach: Store owners can use Condotto’s social media integrations to leverage any existing social media followings (ie Twitter, Facebook, Instagram, Twitch, etc.). Their storefront link exposes items listed to their social following, therefore reaching a larger audience for the inventory owner and greatly increasing the likelihood of a sale for the item listed.
Step 4. Transaction: When the item is sold by a commissioned seller, Condotto’s payment system automatically distributes funds to all parties. All stores that list these item quantities will be decremented simultaneously in real-time. One of the benefits of being a commissioned seller is that they will never need to store, manage, or fulfill the items sold. Distribution is the responsibility of the inventory owner.
Start A Business Without Owning Any Inventory
Monetizing On Existing Social Audiences
Earn Passive Income
No Inventory Management Or Fulfillment Required
Low Risk, Virtually No Starting Capital Needed
No Experience Required
Condotto’s sharing economy also serves as a replacement for large distribution channels such as Amazon to move product. By leveraging anyone's time and social audience as an asset, these individuals can sell any product for a commission on behalf of the owner of the item. Inherently, Condotto storefront owners become “salespeople” for all inventory owners on the platform. The beauty of Condotto’s patent-pending system is when items are listed by an owner, they can also be added to as many commissioned storefronts as they like. With this new salesforce, inventory owners increase exposure of the item listed for sale, to reach a larger audience.
Step 1. Search: Users can search for the items that they wish to buy, with the added benefit of tangible goods, virtual inventory, and services, all in one place.
Step 2. Buy Item: The buyer then simply purchases the items and are shipped to them from the inventory owners or fulfillment partner.
Prices aren’t inflated because sellers are incentivized by commissions and can’t mark prices up.
Consumers can more easily “vote with their dollar” by buying items from the desired inventory owners and commissioned sellers, they wish to support.
Condotto’s AI system prompts the user with relevant storefronts that contain the items that they desire.
Information is based on the buyer's habits such as purchase history, and more, help locate the items that are more relevant to them.
Condotto is redefining what “one-stop shopping” is.
Consider how you select products on Amazon. Do you typically select products “Sold by Amazon” over other no-name businesses on Amazon? When PEW research conducted a study on levels of importance for online shoppers, they found that 86% of consumers consider the right priced item to be important. While 84% consider buying from sellers they are familiar with to be just as important.
Buyers inherently want to support any number of their favorite brand influencers. Very similar to how Twitch streamers build their own communities. When a buyer is looking for an item, they will search for items they need and Condotto returns storefront listings with the items most relevant to them. With the added benefit of AI-driven output, listing certain storefronts over others. This data is based on the user's habits and followings, which helps the balance of equal opportunity between stores.
Retail e-commerce sales reached $2.3 trillion in 2017 and is projected to reach $4.8 trillion by 2021. Addressing the rapid growth over the past few years in e-commerce and the sharing economy is imperative. The world is ready for a solution that goes far beyond e-commerce as it stands today, consumer demand is pushing toward a sharing economy of the future. Condotto is that solution.
Investment
$4/share of Class B Common Stock│When you invest you are betting the company’s future equity value will exceed $11M.
Maximum 267,500 shares of Class B Non-Voting Common Stock ($1,070,000)
Minimum 2,500 shares of Class B Non-Voting Common Stock ($10,000)
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Hi Everyone!
This is your last chance to become an owner in ECXTech and the future of eCommerce. We are pleased to say that we have had many productive months in the development of our platform and plan to have many more ahead, and have already begun recruiting users for the closed beta expected this fall. Once the product in full swing and planned alliances go underway later this year, we believe our platform will be a strong contender in the industry. In closing, if you have been following us for a while we encourage you to take another look at our offering and latest campaign updates before it’s no longer available. We at ECXTech would again like to thank everyone who has contributed to the products' ongoing development success, as we could not have done it w/o you.
-ECXTech Team
Dear Investors, Supporters, and Followers,
The ECXTech team is pleased to showcase a "sneak peek" of our alpha product for Lavell Virtual Stores.
Search Stores
Navigation
Add Inventory
Smart Inventory
Manage Inventory
Discover Inventory
*The actual working product is being simulated on-screen*
With the infrastructure and front-end near complete, we are very excited to take our project to the next level.
-ECXTech Team
Dear Investors, Supporters, and Followers,
The ECXTech Team would like to provide some updates to our investors, supporters, and followers. To start we would like to announce that our flagship product code-named Condotto has been formally branded as Lavell Virtual Stores. Through the commitments we’ve obtained from our investors, and the long hours put in by our team, we are approaching a significant development milestone months in advance. We are aiming for alpha completion by the end of the month (originally slated for later this year). In this phase, we expect to begin our internal alpha testing of the global inventory system, API servers, and user-generated virtual storefronts as well as other various platform features. As our offering comes to a close make sure to stay tuned in the next couple of days for more updates regarding the development of the platform as we strive to bring the future of e-commerce closer to reality.
We would like to thank all of our investors, supporters, and followers. We encourage you to keep a close eye on ECXTech as we expect to make significant advancements in the near future.
Thank you!
-ECXTech Team
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Condotto | ECXTech has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Condotto | ECXTech be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
The ECXTech Team would like to extend many thanks to our investors that have supported our vision since the beginning. We are pleased to announce a new milestone in the development of our platform. Condotto is now in full production and is ahead of schedule thanks to our talented staff. We expect to have our Alpha product completed ahead of our original timelines.
Thank you!
-ECXTech Team
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Condotto | ECXTech has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Condotto | ECXTech be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Condotto | ECXTech offering. Here's an excerpt describing the specifics of the change:
Extended campaign by 60 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
ADAM WOZNIAK
RENO, NV – February 1st, 2019 – ECXTECH Inc. (the “Company”) https://condotto.com is pleased to announce it has hired Adam Wozniak as Condotto’s lead platform engineer. Adam has designed numerous web-based applications and RESTful APIs to support flagship software stack at a PCI-Compliant certified level with 99.99% up-time and scalability.
“We are very excited to have Mr. Wozniak join the Condotto team. His expertise working at the forefront of the FinTech revolution will play an integral role in designing and developing Condotto’s complex commission and payment systems. In addition, we look forward to his insight in bringing many of the advanced tool sets to Condotto’s consumers, commissioned sellers, and inventory suppliers alike. Adam will be an amazing asset in creating what we expect to be one of the most competitive e-commerce ecosystems on the market. ” Ryan Cullins, CEO - ECXTECH, Inc.
For additional information contact: Ryan Cullins at (888)730-7809 or ryan.cullins@ecxtech.io
About Us
ECXTECH, Inc (A Nevada Corp) - ECXTECH's mission is to open an online marketplace for both sellers and buyers using patent-pending distributed ledger technology. At ECXTECH we believe there should be an online marketplace that is truly open and fair – a platform where anyone can compete and are empowered to succeed. Our flagship product, Condotto, is that platform. Condotto expects to connect sellers with buyers directly -- revolutionizing the way we shop online. Condotto streamlines the marketplace and is an ideal tool for small and medium-sized businesses, brand influencers, manufacturers and suppliers, i.e., everyone.
THIS PAGE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY'S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS "ESTIMATE," "PROJECT," "BELIEVE," "ANTICIPATE," "INTEND," "EXPECT" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
SOURCE ECXTECH
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Condotto | ECXTech has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Condotto | ECXTech be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Condotto | ECXTech offering. Here's an excerpt describing the specifics of the change:
Extended campaign by 60 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
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