Acorn Collective is revolutionizing the Crowdfunding Industry - Short ICO Review

Acorn Collective aims to build a crowdfunding platform for everyone.

If you haven't heard of crowdfunding, crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet. It's very popular in the West and is being adopted by developing countries as well. A popular platform for crowdfunding is called "Kickstarter". It's used to kick start projects that need funds. Backers pledge money to desired projects and once the goal is reached, the money is released to the creator. Many projects have extras and prizes for people who donate to their project.

Kickstarter takes 5%, along with the payment processors taking 3%-5% of the funds. Some platforms charge even more to unknowing backers of projects. It's a real issue considering that the purpose of crowdfunding is to raise money. Acorn Collective charges nothing. This leads to more creators starting projects without the need for excessive funds.

Another problem is the lack of transparency on many crowdfunding platforms. Along with the fees, the money is not traceable. The backer is simply hoping that the funds went to the project and are being used. Acorn Collective is using an ethereum based token called the "OAK" token. OAK tokens can be traced right to the project and the project's spendings. This is not an option for Kickstarter and other crowdfunding platforms. As a result of the use of blockchain technology, the overall transparency and trust is increased. Thus, leading to backers being more open to donating and creators closer to the people who chose to donate to them.

So many creators fail to raise their desired amount of funds, despite their efforts in being listed on a crowdfunding platform. There isn't an engine behind these crowdfunding platforms that will drive the creator's project to success. Acorn Collective is building a complete set of tools for creator's projects to successfully raise their funds goal. Using partners, marketing tools, efficient analysis, and other methods. Though blockchain technology, smart contracts can be employed by the creator to release funds for specific content and marketing services. This allows for creator's to use funds before reaching their goal, unlike many other crowdfunding platforms that require an "all-or-nothing" goal requirement.

These are some of the main features Acorn Collective is bringing to the crowdfunding industry. Many more can be found on the official whitepaper that will revolutionize this industry. The current industry leader, Kickstarter, lacks a tremendous amount of these features. Take a quick visit to their website.

Also, there isn't currently a global industry leader in the crowdfunding industry, thus giving Acorn Collective the advantage for creating one. By giving backers and creators a free, easily accessible platform across the globe with new technologies, the OAK token will be of value in not much time at all.

In fact, there are over 300+ projects registered on the Acord Collective platform. With a unique and well thought out referral program, projects and backers registrations will increase rapidly.

Official Website: https://www.aco.ai/
Official Whitepaper: https://drive.google.com/open?id=0B1PbmmXatTeAODdsWUl4bmRJOW8
Twitter: https://twitter.com/AcoCollective
Facebook: https://www.facebook.com/TheAcornCollectiveICO