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.
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