Acorn Collective; A New, Fresh And Better Crowdfunding Platform

Crowdfunding is an emerging phenomenon that has attracted significant interest from scholars and practitioners alike, mainly due to its appeal as an alternative source of funding. As crowdfunding has grown exponentially, so have the associated challenges and opportunities.

What is Crowdfunding
It is the practice of funding a project or venture by raising money from a large number of people who each contribute a relatively small amount, typically via the Internet.
Crowdfunding has been used to fund a wide range of for-profit, entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, or community-oriented social entrepreneurship projects.
There are many benefits of crowdfunding such as;

it can be a fast way to raise finance with no upfront fees
pitching a project or business through the online platform can be a valuable form of marketing and result in media attention
sharing your idea, you can often get feedback and expert guidance on how to improve it
it is a good way to test the public’s reaction to your product/idea - if people are keen to invest it is a good sign that your idea could work well in the market
investors can track your progress - this may help you to promote your brand through their networks
ideas that may not appeal to conventional investors can often get financed more easily
your investors can often become your most loyal customers through the financing process
it’s an alternative finance option if you have struggled to get bank loans or traditional funding

With the above-highlighted benefits of crowdfunding over the past few years there have been issues and problems concerning the crowdfunding platform which will be briefly discussed here;

It’s Hard to be a Project Founder: However, the reality is that crowdfunding is still a closed shop, with the main platforms rejecting the vast majority of projects, and only those that fit limited, self-serving criteria.
When you are on your chosen platform, you need to do a lot of work in building up interest before the project launches – significant resources (money and/or time) may be required.
Failed projects risk damage to the reputation of your business and people who have pledged money to you.
A very low percentage of about 2% of the raised funds goes to developing countries.
About 27% of crowdfunding fail even with starting capital.
Lack of transparency

The above-highlighted problems are yet to be addressed and today I bring to you Acorn Collective it is a new, fresh, a more powerful and better alternative to the present day fundraising platform. The project does have real-life use cases and the fact that they have an experienced team, a strong advisory board and clients like Drie & Bancor already onboard make them an outstanding and promising crowdfunding platform.

What Is Acorn Collective?
The Acorn Collective is crowdfunding platform using blockchain to help founders and startups find access to funding. They provide crowdfunding that is accessible, transparent and more likely to succeed.

What does Acorn Collect Offer?
Easier Accessibility
• They will accept any legal & ethical projects from almost any country.
• Virtually any project category is allowed - They wish to draw on the collective creativity of the community and let backers decide which project is worthy of their support.
Success Of Projects
Their fee structure, founder education, support tools, 3rd party marketplace and services, mentoring by accelerators, Success Shop and data-driven “Stats of Success” and “Tailored Audiences”, all integrated with their Crowdfunding Suite, ensure no founder lacks the support required for a reasonable chance of successful product delivery.
Blockchain Transparency
Blockchain provides full transaction transparency, resulting in increased trust and a higher Crowdrise 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.
Early Incentives
The Project Incentive Fund, made up of a proportion of the ICO, provides generous and early incentives for backers and founders to join Acorn and adopt the OAK token.

An Overview of The Acorn Ecosystem

This Ecosystem is intended to Connect project founders and project backers. Their vision is for the Acorn Crowdfunding Suite to be the centerpiece of the OAK ecosystem, on which founders create and manage their crowdfunding campaigns. Backers use OAK to fund these campaigns in return for rewards (and possibly equity in the future).

TOKEN INFORMATION
The ERC20 Ethereum token (OAK) is to be used for smooth transactions within the Acorn ecosystem, from crowdfunding, marketplace spending and external purchases via the Acorn payments gateway also with the Acorn Local mobile payment app, you can easily purchase goods and services and initiate point-of-sale transactions using the OAK token.

Token: OAK
Protocol: ERC 20 Ethereum token
Total Supply: 90 000 000
Type: Utility-token
PreICO Price 1 OAK = 0.7 USD
Price 1 OAK = 1.4 USD
Accepting ETH
Soft cap 7,000,000 OAK
Hard cap 25,000,000 OAK