The entire concept of crowdfunding was introduced in the early 2000's where its core use was to raise many small contributions through an online funding platform. As of the year 2015, the entire global crowdfunding data has been forecasted to reach USD 34Billon dollars,
The reason for the company to introduce the platform came after seeing the lack of proper funding platform which is in turn holding back new innovation and projects that have the capacity to create a revolution to the society.
The Ecosystem
The Acorn Hub has a collection that has a centerpiece of the OAK ecosystem, on which founders create their crowdfunding campaigns. They will follow a quick screening process to understand or eliminate the projects’ compliance. Two or more project moderators will perform an initial check. In this step, they will remove a project that is termed as illegal.
The Acorn Marketplace will be a post-campaign retail platform for goods and services that were successfully funded on The Acorn Hub. In terms of currency exchange, they will initially allow transactions to happen both in fiat currency and
OAK tokens.
Their main aim is to project Acorn platform as real and impactful to all the countries that they operate in, Hence the strategy in developing countries is to actively foster access on a local and regional level.
As the platform has to be made attractive a good portion of their ICO will be allocated for revenue
generation through an Operations Fund.
PLATFORM SECURITY & DEVELOPMENT
To ensure that projects get high visibility, they have enhanced visibility packages available for a fee. They do so, by forming necessary areas on the Acorn Hub to find larger opportunities and chances and ensuring that smaller projects are not getting affected in the process. They are ensuring that this stays in line with the core values of the company and allows projects that have a greater earning capacity to pay for more exposure, but not at the expense of smaller projects.
They have promised to provide undivided support through their range of Acorn Support products. They hence provide support in the form of Legal assistance, Marketing, Sourcing and manufacturing, Technical help, such as web, mobile or blockchain application development. Their team of experts will be providing these services who will create a partnership with project founders for specific campaigns. They also ensure that whatever data is available, they will monetize it by purchasing and behavior data products across the Acorn Hub, Acorn Marketplace and Acorn Local platforms.
Website: https://aco.ai/
Token
Their token is denoted by the symbol OAK and that is the main form of exchange mechanism on the platform. Their token is ERC compliant Ethereum token called OAK which runs on the Blockchain technology.
They have fixed on a target of USD 5M for their pre sale funding. Their Main ICO target will be USD 50M- 100M.
Conclusion
Despite having to compete with larger and bigger platforms like KickStarter and Indiegogo, they have still managed to make a mark for themselves in the industry. DO follow their website for more details about their ICO and launch.
Website: https://aco.ai/
Btalk ANN: https://bitcointalk.org/index.php?topic=2470481
Published By:karanj
Btalk Profile:https://bitcointalk.org/index.php?action=profile;u=1030341