Acorn Collective Score
Acorn is building a blockchain based crowdfunding platform that’s the first to be free and open to any legal project in any country. ERC-20 token means tiny transaction fees (other platforms: typically 3-5%). ICO proceeds fund our Revenue Generation Mechanisms so we don’t need to charge any platform fees for crowdfunding (other platforms: typically 5%).
Acorn Collective are trying to solve many issues with crowd-funding platforms. Currently the main issues are accessibility, transparency and success. Current platforms charge high fees, only accepts a small amount of projects and around 70% of start-ups on crowd funding sites fail. Accorn are trying to solve this through the use of Blockchain. Although it’s a great idea, we believe the high token price could be it’s down fall despite the low token supply, $1.40 in this environment is huge. Also the fact that early investors received put 50% bonus, so this isn’t great for the Public Sale. ICO starts on 26th May 2018.
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