Acorn Collective Whitepaper TLDR

in #ico6 years ago

Acorn Collective is a blockchain-based digital crowdfunding marketplace where entrepreneurs can raise funds from hundreds of thousands of investors.

Use of Blockchain:

  • The use of blockchain empowers Acorn Collective to have a faster and easier way of transaction processing.
  • The use of blockchain massively lowers the transaction fees for Acorn Collective users.

Token Economics:

  • Token Name: Acorn Token (OAK)
  • Maximum Supply: 90 Million Tokens
  • Total Sale for Public: 80%
  • ICO Price: $1.4 per token
  • Country of Incorporation: Hong Kong

Strengths:

  • Crowdfunding is an evolving market with a massive business opportunity.
  • Acorn Collective platform will support both fiat and OAK tokens.
  • Acorn Collective is not only a crowdfunding platform but also an e-commerce marketplace with a point of sale
    application.
  • Free transactions. Campaigners will get 100% of the raised funds.
  • Acorn Collective targets least developed, developing, and emerging markets and wishes to empower communities by providing a social platform where founders (campaigners) and backers (investors) support each other.
  • Lower transaction fee than traditional crowdfunding sites
  • A well-balanced team with a diverse track record, expertise, and industry exposure.

Weaknesses:

  • Except for faster transaction times and lower transaction fee, this project has no real use case to adopt blockchain.
  • ICO price of $1.4 per token seems little too high.
  • A low percentage of token allocation for OAK reserve and employees. In other words, an unknown amount of OAK tokens are allocated for company reserve.
  • Even though there's a revenue mechanism section in the whitepaper, it's still unclear how the company will make profits.