Well, we're running an ICO to fund our own platform, but this crowdfunding platform itself will be more like Kickstarter/Indiegogo, in the sense that our target projects are traditional, not necessarily tech-related projects that do not need their own digital coin or run an ICO by themselves. Hope that makes sense
Guys, will be any escrow in your platform? And what about some experts/help for crowdfunding novics?
Yes, the crowdfunding campaign contributions can use escrow which will be operated by us. We will be the escrow service for the campaigns that use that and we expect most of them to be at a size of a few thousand up to several hundred thousand.
As to your second question, absolutely, it's vital to us that our platform is as easy to crowdfund on as possible as we will be a global platform and many regions will not have used such a platform before as they are currently ignored by existing platforms.
On top of this we will be producing helpful content from experts to guide people, as well as bespoke campaign support services (entirely optional, but for a percentage fee) available within the platform where crowdfunding strategists and marketers will be available.
At the moment we have David Ives the ex-CTO of Crowdcube on our advisory board to assist us at in our early stages and we fully intend to grow this knowledge base as time goes on.
Hello Acorn community, Had an awesome chat with Andy ICO review another Australian Youtuber! We discuss a few ICO's Firstly Guardian circle & Acorn collective a couple ICO?s with a strong sense of ethics and morality.
Showing how Blockchain can be used for charity and emergency services.
We have also had a glance BITCAR an Australian ICO
and The bee token The future of home sharing.
https://youtu.be/LWhIg6TK0X4Not bad. I watch with pleasure.
Team, can we get more news or details about roadmap? Or any partnerships? What about Kickstarter reaction on your announce?
Our 50% public pre-sale is coming up on the 29th of this month and will be running for three weeks, followed by the ICO in March/April.
The MVP version of our platform is due for completion in the middle of this year.
We are ever looking to grow our current list of partners currently we are proud to have Drie who are AWS security experts, The European Crowdfunding Network, Triay & Triay our Gibraltar legal advisors and Bancor to ensure instant token liquidity among ethereum network tokens. We are currently involved in late stage conversations with many accelerators in developing countires regarding partnerships and hope to begin announcing them soon. As far as Kickstarter goes; we're looking forward to their reaction as much as you are! =)
Will the burning of the token, if not all will be sold during ICO? Thanks for the answer.
I also interested in this question. Situation with 1kk ARN from Aeron forces to think how team work with unsold and frozen tokens
As I see in WP if funding goal do not reach team will plan to another ICO round (s). While not raising. I don't know bad or good it. For successful project no matter how rounds. But for bad - also no matter
Oh, thanks. I read WP obliquely. I need to learn deeper it.
Guys, are you sure that people will choose your platform because no fee only? What other features different from today's crowdfunding working platforms?
Can you explain the the incentive for holding the token if the token holders wont receive a part of the revinue, even kickstarter has a revinue sharing incentive, right?
Sure. The first reason is the token allows people to use our platforms, which include the crowdfunding hub, a secondary goods & services marketplace, a point-of-sale payments app and also campaign support services (for project founders)
Of course, on the other hand, we expect the main reason for most tokenholders will be token value appreciation, which we hope will be robust thanks to our Token Growth & Stability Mechanisms mentioned above or in the whitepaper/one-pager. Feel free to ask me any quesitions about it though!
Okay...So, the incentive is that holding the coin allows the holder to participate in a crowdfunding project in which they will receive no return on their investment? <--- That aspect of the proposal is a bit confusing to me ---> I don't understand what the incentive is to help fund a project if there are no returns for participation. And, if giving away the token is its primary utility, how will the token appreciate in value? Even if the token provides access to a platform that allows the holder to give away their tokens, I don't see where the "appreciation" comes from ---> am I missing something?
Hi guys, these two points share a lot of the same answer. As far as why people will chose us above existing platforms we've put various mechansims in place to ensure early adoption including matching peoples raises, project backer insurance and affiliate rewards. We will have less requirements in terms of project criteria (such as how much seed funding is already, working prototype, existing social following, how ‘innovative’ or ‘creative’ the project) and operate in all countries, incl those not accepted on the other big platforms currently. We want projects like tech gadgets in the USA or developed countries (where we are free and less restrictive to join) and also projects like a farm in Africa, a football academy in South America or a family entertainment park in Lithuania (where there are often no other funding options avilable)
Crowdfunding itself is an expansive concept. Each project must market itself and find it’s own backers, meaning every project potentially bring in a lot of new backers to use our token. Since the token supply is fixed, it means there will be an ever-growing number of people trying to obtain a fixed number of tokens.
As well as these elements there is the Acorn Marketplace; a secondary marketplace to sell post-crowdfunding goods & services, a point-of-sale payments app and the ability to purchase support services, such as marketing, within the platform all using the ACO token. Not only are these great features but are also central to why the ACO token will have such a high utility and will ensure a sustainable ecosystem.
This sustainability, these features and the fact the crowdfunding market is still in it infancy, with a potential to reach anything from USD 90B to 1 trillion per year by 2025 (World Bank, 2013; MyPrivateBanking,2015), means that there’s a huge crowdfunding market that exists already and a large one that isn’t being serviced by any of the existing platforms (especially for developing/emerging countries)
And as far as the incentive to back a project is concerned we will be operating a rewards based crowdfunding platform meaning that backers' of projects will receive rewards in exchange, if you were funding a new smart watch startup, they'd send you a watch in exchange, this aspect is the same as existing platforms such as Kickstarter or Indiegogo.
Can US citizens invest in your project? Investors must undergo the KYC procedure?
Sorry, unfortunately we can’t accept US participants due to the current legal environment there. We’d love to, we hate this as much as you do.
