ACORN COLLECTIVE - Next Generation Crowdfunding

brainerdpaul (-2)(1)in #bitcoin • 6 years ago

The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet. Acorn Collective is presenting a blockchain-based digital crowdfunding marketplace where entrepreneurs can raise funds from hundreds of thousands of investors.

ABOUT ACORN COLLECTIVE

Acorn Collective is a blockchain-based digital crowdfunding marketplace where entrepreneurs can raise funds from hundreds of thousands of investors. The Acorn Collective is using blockchain to help founders and startups find access to funding. Acorn Collective provide crowdfunding that is accessible, transparent and more likely to succeed. It's a huge and growing market in the West and a largely untapped market in most developing countries.

ACORN COLLECTIVE AND BLOCKCHAIN TECHNOLOGY

Blockchain provides full transaction transparency, resulting in increased trust and a higher crowdraise for the founders. All transactions are done via OAK, an Ethereum token. Projects’ spending can always be tracked, in turn making backers more willing to support a campaign with more money.
The use of blockchain empowers Acorn Collective to have a faster and easier way of transaction processing. The use of blockchain massively lowers the transaction fees for Acorn Collective users.

DQmdS8DnrJa2ynWMWjuovYCgs7oDFBrbh3dndNkgM9xR43j_1680x8400.png

PROBLEMS ACORN COLLECTIVE AIMS TO SOLVE

78% of campaigns fail to achieve their raise target.

62% of potential backers didn’t believe the project was legitimate.

1.9% of raised funds go to developing countries.

27%of campaigns fail even with starting capital.

SOLUTIONS TO THE PROBLEMS

ACCESSIBLE CROWDFUNDING
Acorn Collective is more accessible than any other platform by allowing all countries and listing any legal & ethical project. Where other platforms charge 5–10% just for the crowdfund, we’ll do it for free. Our flexible funding structure means founders do not need excessive seed capital. Accelerators will help to introduce, vet and mentor projects.

ACORN MARKETPLACE
An integrated Acorn marketplace provides campaign services from Acorn and 3rd parties. Post-crowdfunded projects have immediate access to list their own service or project on the marketplace. Founders will have optional premium access to data about backer trends and past campaigns to make the right decisions about their campaign. This improves success rates in the campaign and post-crowdfunding delivery stage.

Acorn Collective’s Crowdfunding Engine improves campaign success rate. It provides the tools to execute successful crowdfunding campaigns, the statistics to make the right decisions and access to lists of backers with a proven history of supporting similar campaigns. Smart contract milestones can be used to release funds early.

The Acorn ecosystem consists of three main components: Acorn Hub, Acorn Market, and Acorn Local.

Acorn Hub is where project backers can contribute OAK tokens to fund projects. In exchange, they may receive rewards, equity, or other incentives for funding a given project — the exact reward is entirely up to the specific project.

Acorn Market is a retail platform for projects that successfully met their backing goal. This allows them to easily start their initial retail push post-campaign at no additional cost to the project founders.

Acorn Local is an app, targeted especially towards those in developing nations, that allows consumers, retailers and suppliers to seamlessly trade OAK tokens. This keeps tokens circulating in the Acorn ecosystem rather than on exchanges, and may also be useful for businesses to extract additional insights about the products in the platform.

Three major points that are addressed by Acorn Collective are:

• Major crowdfunding platforms take up to 5% platform fees and 3–5% transaction fees. Acorn Collective aims to be a feeless alternative (by cutting platform fees and using the Ethereum network for transactions)

• Many crowdfunding platforms reject projects, that do not favor themselves and smaller projects are often not given the possibility to start a crowdfunding campaign. The Acorn Collective platform wants to give all projects the same possibilities.

• The Acorn Collective will provide an after-crowdfunding marketplace — called the Acorn Marketplace. Therefore, the gap between the crowdfunding campaign and the aftermarket will be filled.

The token used on the Acorn platform is called OAK and is based on the Ethereum network (ERC20).

The Pre-ICO has already concluded with its goal of 7.000.000 sold OAK reached. The main ICO starts on the 28th of April.

WHY ACORN COLLECTIVE IS UNIQUE

Major crowdfunding platforms take up to 5% platform fees and 3–5% transaction fees. Acorn Collective aims to be a feeless alternative (by cutting platform fees and using the Ethereum network for transactions)

Many crowdfunding platforms reject projects, that do not favor themselves and smaller projects are often not given the possibility to start a crowdfunding campaign. The Acorn Collective platform wants to give all projects the same possibilities.

The Acorn Collective will provide an after-crowdfunding marketplace called the Acorn Marketplace. Therefore, the gap between the crowdfunding campaign and the aftermarket will be filled.

TOKEN AND ICO DETAILS

OAK is a fixed supply ERC-20 token that is used in all transactions within the Acorn ecosystem, from crowdfunding, marketplace spending and external purchases via the Acorn payments gateway. Real utility means real demand for the token. The regulator has been notified of our ICO and has no objection to our legal advisor’s classification of our utility token.

Token symbol: OAK

Exchange Rate 1 OAK — USD 0.70 (Pre-Sale price)

1 OAK — USD 1.40 (Main ICO price)

Pre-Sale — 7,000,000 OAK (50% discount)

Soft Cap — 3,500,000 OAK

Hard Cap — 65,000,000 OAK

Total OAK tokens For Public Sale — 72,000,000 OAK

Total Supply — 90,000,000 OAK

MAIN SALE - MAY 26, 2018

ROADMAP AND DEVELOPMENT PERSPECTIVE