Access, Success, and Transparency: Introducing Acorn

Place/Date: Gibraltar - May 9th, 2018 at 9:28 pm UTC · 3 min read
Contact: Acorn Collective, Source: Acorn

Taking on the power of blockchain technology and decentralization, Acorn Collective gives everything people want in a crowdfunding model; cheaper, easier and fast aggregation of funds.

The internet is full of crowdfunding platforms, with Kickstarter and Indiegogo taking the majority share. Yet, each funding platform has drawbacks that boils down to the business model of choice. Acorn Collective intends to change that with its decentralized crowdfunding model.

Acorn Collective: Crowdfunding 2.0

By using decentralization, Acorn Collective offers what other platforms cannot:

  • No commission: The platform is free to use and does not charge commission fee on crowdfunding at all.
  • Global Access: People with ideas from all over the world can join up and try to raise funds for their work.
  • For All Ideas: Acorn does not make feasibility studies on projects since it does not charge commissions. As long as the project is legal, users are allowed to apply for funding.
  • Transparent: Fraud and misuse of funds is the greatest fear of a backer. With transparent nature of the funds, backers will know exactly how and when the funds are being used by the project developers, countering fraud and increasing funding confidence.

Recent Developments at Acorn

The Acorn Collective team is hard work to deliver the platform for users on time. The developers are keenly observing their own work and are constantly improving it. Recently, they have made three major advances and changes to their work:

ICO rescheduling – A major revamp of the token and Acorn Collective’s whole business model meant that a lot of restructuring was needed. This has caused the ICO to be launched a month later than planned, now on 26th May, 2018. The team believe that taking the time to “get things right” will plant the seed for a truly successful project.

Token allocation – Taking into account the changing trends and regulations in the crypto community, the totol pool allocations have been changed.

Now 60% of OAK tokens will be made available during the main sale, instead of the previous planned 80%. The total supply has also been reduced from 90 million OAK to 65 million OAK and main ICO target has been reduced from 65 million OAK to 25 million OAK.

HitBTC listing – Acorn’s team has successfully struck a listing deal with HitBTC. HitBTC is a renowned digital exchange with a daily trading volume of over USD 200 million. The OAK tokens will be made available once the ICO is complete.

About the OAK Token

Acorn Collective, as a blockchain based services, will be running its own token within its ecosystem for transactional purposes. The OAK is an Ethereum, ERC20 compliant token that backers can fund projects with and use to to buy completed project services and products within Acorn’s marketplace.

The token’s ICO will go live on 26th May, with 25 million tokens available for a price of USD 1.40.