Acorn Collective is all set to launch a token ICO on 26 May 2018 to help founders and startups find access to funding.
Acorn Collective wants to 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.They want to promote social enterprise and democratize access to funding, as crowdfunding has already done successfully in developed countries.
Why are crowdfunding experts calling them “crowdfunding 2.0”?
They 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.
The Acorn Collective project wants to provide Global Access for entrepreneurs that need funds for their projects. They have an example with an entrepreneur that has an idea for a solar powered water pump that will improve water supply in his region. His project has not been accepted on several crowdfund platforms due to his geographical location and lack of commercial appeal.
On Acorn platform the project will go to several steps: a strict legal and ethical screening process of the project, the user profile will be referred to a founders knowledge base and accelerator integrated platform training and support. This will help inexperienced founders to have their projected accepted and be exposed to thousands of backers around the world.
The Acorn Collective project offers some integrated marketing tools and services as part of their crowdfunding engine. This way I can access previous data of similar campaigns and get a helping hand.
Moreover, it looks like the accelerators will perform project verification and founder mentorship to support new founders, and validate legitimacy of projects.
The blockchain gives the option for the founder to display all spending publicly from the raise to the delivery stage. Acorn’s payment gateway will have transactions recorded on a transparency ‘app’. Smart contract based milestones can be implemented to only release funds when certain criteria are met.
Check more on their website https://aco.ai/