Can you give an example of the financing structure of a project and do that detailly?
Acorn has an advanced finance structure which promotes transparency, giving backer's trust. Did you know that fear of fraud is often cited as a reason for backers not contributing to crowdfunding campaigns?
All transactions will be made via OAK, providing transparency.
Blockchain gives the option for the founder (project) to display all spending publicly from the raise to the delivery stage.
Backers can see where money is being spent thereby increasing trust in a project and making backers more willing to support projects.
Projects use Acorn’s payment gateway to purchase external products, in both fiat or tokens. These transactions are also recorded on our transparency ‘app’.
Smart contract based milestones can be implemented to only release funds when certain criteria are met. These can be instituted even before the funding target has been raised, giving projects access to cash early on and increasing their odds of success.
So Acorn really is transforming how crowdfunding works!