Acorn Collective

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Acorn Collective ICO details

Start Date: 2018-1-29

End date: 2018-2-19

    • Category: Business services, Investment, Platform
    • Token: OAK
    • Platform: Ethereum
    • Type: ERC20
    • Initial price: 1 OAK = 1.4 USD
    • Bonus: Available Pre-ICO 50%
    • Accepting: ETH
    • Soft cap: 35,000,000 OAK
    • Hard cap: 65,000,000 OAK

Acorn Collective

The Acorn Collective wants to make crowdfunding free.

We’re building a blockchain-based crowdfunding platform that is free-to-use and allows almost any legal project from almost any country to be listed on our platform.

We want to promote social enterprise and democratize access to funding, as crowdfunding has already done successfully in developed countries.

However, this is much less the case in developing and emerging economies, which is something we wish to change.

Our ecosystem will comprise of

  • a crowdfunding hub;
  • a secondary marketplace to sell post-crowdfunding goods & services;
  • a point-of-sale payments app;
  • the Acorn token (“OAK”), facilitating the use of all transactions in our ecosystem and connecting backers, founders and consumers through a single token.

Traditional crowdfunding platforms are funded traditionally. Outside investors buy equity and expect a return from platform profits.

We aim to use an ICO for funding, meaning returns for token holders are no longer from equity or profit-sharing, but simply from growth of the ecosystem and OAK.

Our proposed funding model and the use of blockchain for transactions means we can offer crowdfunding for free.

In short – we’re changing the crowdfunding industry, by crowdfunding it.

acorn

Why Blockchain and Why an ICO?

We want to promote social enterprise globally by making crowdfunding free and more open.

Current fee models are typically 5% in platform fees and 3-5% in transaction fees. This is a drain on startups looking for funding and is an easy thing to fix.

Using blockchain for transactions means we can expect to all but eradicate transaction fees, with only minimal Ethereum network fees. These have been negligible in the past.

Funding via an ICO means we can aim to eradicate the 5% platform fees for crowdfunding.

If successful, an ICO would give us the resources to implement our Revenue Generation Mechanisms, which we intend to use to support this platform and keep it free to use.

We believe this is a huge competitive advantage. It doesn’t get cheaper than free and early incentives are available to rapidly accelerate growth (for details see our ProjectIncentive Fund).

Lastly, an ICO also means we would not need funding via outside investors.

Traditional crowdfunding platforms are themselves funded traditionally – funds come from outside equity shareholders who want returns through company profits. This makes them allocate resources only to where they can achieve the most earnings, charging fees and conceivably giving rise to more restrictive project approval criteria.

At Acorn, this is different – There is no obligation to generate platform profits for outside shareholders.

ICO participants and other token holders, including the company, are rewarded by growth of the OAK ecosystem.

We intend to achieve this growth by offering crowdfunding for free and a much less restrictive project approval policy.

Changing the Face of Crowdfunding
Acorn is building a blockchain based crowdfunding platform that’s the first to be free and open to any legal project in any country.

  • Free Crowdfunding
    ERC-20 token means tiny transaction fees (other platforms: typically 3-5%). ICO proceeds fund our Revenue Generation Mechanisms so we don’t need to charge any platform fees for crowdfunding (other platforms: typically 5%).
  • All Legal Projects
    We’ll allow legal and non-harmful projects, irregardless of category to crowdfund for free. Acorn works as well for community projects as it does for huge consumer products. We don’t shut you out because you’re a local business.
  • Any Country
    Crowdfunding is an outstanding success in developed countries. Emerging markets are all but shut out. We’re interested in an expansive ecosystem, so we’ll allow all non-sanctioned countries.
  • Attractive Tokenomics
    Fixed supply token, used for all transactions in our crowdfunding hub, our post-campaign marketplace, our support services and our point-of-sales payment app. Real utility means real demand.
  • Early Incentives
    We want to reward and encourage early adopters. A Project Incentive Fund provides generous incentives for people to use our platform. Our affiliate rewards provides commissions for successful recruitment of additional users.
  • Validated Interest
    We have a growing list of interested projects waiting to be listed. Accelerators and incubators in developed and emerging markets are partnering with us to provide crowdfunding to ventures and entrepreneurs in their networks.

acorn ecosystem

Team

Moritz Kurtz

CO-FOUNDER, CEO

Peter-Andreas Kurtz

CO-FOUNDER, CFO

Ed Earle

CTO

Edward Lobbett

COO

Helene Boscardin

SOCIAL INITIATIVES DIRECTOR

Simon Minton

CYBERSECURITY & STARTUP SPECIALIST

Alex Wu

BLOCKCHAIN DEVELOPER

Edward Dench

HEAD OF MARKETING

Ben Webb

HEAD OF COMMUNITY & PARTNERSHIPS

Toby Tucker

MARKETING & COMMUNITY

Simon Delp

COMMUNITY MANAGER

Acorn Collective Advisors

David Ives

CROWDFUNDING & TECHNICAL ADVISOR

Ian Scarffe

BLOCKCHAIN & STARTUP ADVISOR. Founder at Crypto Consulting and Investments LTD.

Theodosis Mourouzis

BLOCKCHAIN ADVISOR

Kyriacos Pavlou

BLOCKCHAIN ADVISOR

Anuj Khanna

ICO, BUSINESS DEVELOPMENT ADVISOR. Fintech Expert, Author, VC, PE, M&A and Fundraising

Desmond Marshall

Top Investor & Advisor on Blochchain/ICO/Crypto/Traditional investment projects

Jeremy Suarez

CYBERSECURITY ADVISOR

Becky Tsang

CREATIVE ADVISOR

Viola Wang

BUSINESS DEVELOPMENT ADVISOR

Daniel Schewior

MUSIC INDUSTRY ADVISOR

Jon Somerscales

UX ADVISOR

Milestones

Q3-Q4 2017
- Concept & Team Building - MVP Development Begins - Whitepaper Published - Company Incorporation - Regulatory & Banking
Jan - Feb 2018
29 Jan - 19 Feb ICO Pre-Sale (50% Discount)
Feb - Mar 2018
- Main ICO - Listing on Exchanges
Q2-Q3 2018
- Release of Acorn MVP - Implement Token Growth & Stability Mechanisms

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