GET READY TO THE NEW CRYPTO FUNDING PLATFORM
This new crypto funding platform is called The ACO Platform and it is provided by The ACO Foundation.
The ACO Foundation was founded in 2018 and dedicated to improving the health of the ICO ecosystem through the Accredited Coin Offering (ACO) Platform by bringing institutional underwriting and due diligence to the token economy.
The ACO Platform is an end-to-end token sale platform with
government backing that allows startups to create token sales in a
regulation-friendly environment, and with
institutional bank backing. In other words, The ACO Platform makes use of a pioneering new economic model that enhances the
accredited process to ensure
successful fundraising.
ProblemCryptocurrencies and smart contract platforms like Ethereum have led to the rise of fundraising through Initial Coin Offerings (ICOs). ICOs have been a tremendously successful way for startups to raise funding, and over $2 billion was raised through ICOs in 2017. However the current ICO environment is fraught with risks for both startups and potential investors.
- Lack of objective and reliable information about ICO project details.
- No independent rating agency to perform due diligence on potential and ongoing operations of a project.
- No early-stage market making function for tokens after issuance.
- Lack of regulation, resulting in insecure coins and scams flooding the market.
The ACO PlatformThe Accredited Coin Offering Platform will be the first government-approved crypto fundraising platform available. Major institutional banking and insurance companies will be affiliated with the Accredited Coin Offering Platform. Startups using the ACO platform can simply submit an application with their project details. The application process will ask for the required information necessary for institutional banks, insurance and escrow service providers to bid for the lowest service fee.
The platform will provide an end-to-end process for creating ICOs on an easy to use platform. ACOs will enjoy access to underwriting services previously only available to ICOs, while investors will be able to access projects approved by professional institutions.
Benefits- Due Diligence
- Insurance Underwriting
- Institutional Certification and Approval
- Smart Escrow Contracts
- Token Minting
SummaryIn summary, the ACO platform provides a better option. It provides easy to access to funds for both startup companies and protection for investors. Complex blockchain token and transaction issues are simplified on the platform and ensured by smart escrow contracts. The entire process is ensured by those services affiliated with the ACO platform. The cost to startups is only 3% of each token sale, and this rate is only charged after the sale is complete.
RESCUING THE ICO INDUSTRY THROUGH THE ACCREDITED COIN OFFERING (ACO) PLATFORM
The Accredited Coin Offering (ACO) platform makes use of a pioneering new economic model, where the value of ACO tokens will be linked to the platform’s profitable operations.
The new platform will improve verification and security by merging vital elements into a single operational base:
- By combining institutional underwriters, the ACO platform will provide reassurance of the offering's credibility to investors.
The accredited rating system will require detailed information on any projects submitted, which will ensure a transparent environment. - The ACO platform will include tools and services to mint tokens and develop smart escrow contracts, which are both essential elements of the process.
The platform will be operated by the New Entrepreneurs Foundation (myNEF) of Malaysia, a non-profit organization established in 2012.
It will be the only government-approved crypto-fundraising platform available. Major institutional banks and insurance companies within Malaysia will also be affiliated with the ACO platform. myNEF is an integral component of the ACO platform, supporting ACO and providing linkages with relevant government agencies. This support from myNEF provides investors with security in the knowledge that they are involved with a reputable company.Value in ACO Platform- End to End flow between underwriters, investors and issuers.
- Provide single platform for initial coin offering.
- Smart Escrow white paper safeguard for investor.
- Delivering accredited services for issuers, which facilitates the initial coin offering process.
- Enhance coin minting with Accredited Token
- Coin minted in ACO Platform be automatic listed to exchange house, which in turn provide immediate liquidity to the investor.
HOW IT WORKSThe ACO platform adopts a holistic approach to the initial coin offering process, which is intended to benefit all stakeholders. The methodology adds value through:
- Close collaboration with underwriters, which facilitates the information flow between underwriters, investors and issuers.
- Using the ACO naming convention "Accredited Coins" or "Accredited Tokens" to refer to tokens generated by Accredited Coin Offering (ACO).
- Evaluation and rating of all offerings by expert teams.
- Delivering accredited services for issuers, which facilitates the initial coin offering process.
- Providing an integrated platform for startups and investors to efficiently update new offerings.
These tactics ensure a more structured market system, while at the same time recognizing and rewarding both risk and innovation.
The ACO generates revenue by delivering services to startups at each stage of the pledge process. These services in turn provide investors with assurance that information about the projects they are considering is readily available. The diagram below depicts the pledge process and the services offered by the ACO.
Application/ProjectTo get started, all that startups need to do is submit an application to the ACO platform. The ACO requests that startups submit white papers and other documentation that provides the information necessary for institutional banks, insurance and escrow account service providers to bid for the lowest service fee. Startups can then choose the best plan to credit their projects.
Due Diligence/InsuranceDue Diligence ensures every project is examine by various sectors of the financial field, and base on it provide accurate rating
In cases where the project gets high ratings, this would indicate less risk for the investor himself, which is ultimately a crucial aspect to bear in mind.
The ACO Platform will use a funding reserve system, through which it can host an umbrella of protection.
ACO Platform will reserve a minimal amount from the token sales of each project. The amount reserved will be calculated in accordance with the Due Diligence initial rating report.
The funds will serve as exit plan for failed projects and buy back orphan tokens from the market. Ultimately, this method will provide a stable market and more quality projects in the future.
Accredited Certification/Rating ReportAny issuer submitting a project will first need to upload full details of their project, including reference materials, as well as documents that prove the issuer’s ability to execute the project, such as asset proof or certificate of incorporation. Only with a high rating will a project be likely to reach its pledge target.
All submitted documents will be reviewed and evaluated by our institutional partners, including accounting firms, insurance companies, banks and attorneys. Our institutional partners will release a rating report with rating scores. Startups can then choose the suitable offer to get ratings, either from the one with the highest rating score or from different institutions for multiple ratings.
Smart Escrow ContractsSmart escrow contracts work to secure a transparent, public and beneficial trading environment for both investors and startups. Upon completing the rating process, the ACO system will automatically generate a smart escrow contract, which includes project information, startup background and, of course, the rating for the project. The token distribution plan will also be defined on the smart escrow contract; when the pledge closes, the system will distribute the tokens to token holders according to the conditions defined in the smart escrow contract.Token Pre-Sale/Token MintingTo invest in a project on the ACO platform, investors need to trade ACO tokens.
ACO tokens
can be purchased through any major crypto-exchange site, and it’s the only token available on the platform. After the presale stage, the new tokens will start minting. All project coin minted on the ACO platform will be covered under ACO’s insurance coverage.
ACO Commission/Token ReleaseSetting up projects for startups is a free service; however, the ACO platform will charge a flat rate of 3% for each ACO token sale. This rate is only charged after the token sale is complete.
The initial coin offering project for the ACO platform intends to attract the funding required to deliver on our vision. The company will participate in the exact processes required for an initial coin offering, including regulatory, technological, legal, rating and marketing.
The ACO platform will be launched at
https://www.acoplatform.com.
ACO TokensEvery ACO token purchased provides the holder with the following rights:
1. To invest in a project on the ACO platform, investors need to purchase ACO tokens. ACO tokens can be traded through any major
crypto-exchange site, and it’s the only token available on the platform.
2. ACO tokens can also be converted into other tokens obtainable on the ACO platform.
Tokens are created and distributed to the public through different stages, which are private sale, priority sale, pre-sale and then moving to public pledge. Investors will have the better offer when they enter at the first stage. ACO Token is the only utility method applied on ACO platform. The using of unified token makes the projects go more smoothly and effectively both from investor’s side and startups side.
Token StatusSale of TokensOnly 125 million ACO tokens will be available for sale during this project. The target pledge for the ACO platform is 15,000 ETH.
All proceeds from the ACO token sale will be held in an escrow account; via smart escrow contract, ACO tokens will be issued and transferred to token buyers. The funds will be released from the escrow account in order to execute the vision of building the project.
Once the ACO token sale ends, no further ACO tokens are available for purchase. Any transaction after the end of ACO token sale will be rejected. ACO tokens will be issued within 30 days after the public sale closes.
There will be a total of 500 million ACO tokens:
- 125 million (25%) will be sold during the pledge
- 175 Million Tokens (35%) – reserve for future use
- 50 Million Tokens (10%) – distributed to the advisory
- 125 Million Tokens (25%) – distributed to platform operator
- 25 Million Tokens (5%) – distributed for startups promotion
ABOUT OUR PARTNERSNew Entrepreneurs Foundation (myNEF) is a non-profit organization established in 2012 that focuses on creating and developing sustainable entrepreneurs via strategic developmental programs.
Designed with entrepreneurs in mind to ensure they reach their business potential, myNEF signature programs include BAHTERA 2015, SUPERBXCEL, COMICXCEL, Online Business Financing (OBF) and ASEAN Rice Bowl Startup Awards.
myNEF plays an instrumental role in bridging industry players with the Government and related agencies, both locally and in the Southeast Asian region.
STRATEGY PARTNERS
COUNTRY PARTNERS & HOSTS
COUNTRY COMMUNITY PARTNERS
