Acorn, a new platform based on Ethereum Blockchain, seeks to create a community and an open global market for crowdfunding, by opening to new participants such as

By incorporating governance based on P2P smart contracts, Acorn plans to replace the current list of crowdfunding platforms and offer a service that will extend beyond geographic, political and and economic. It also aims to alleviate problems that may arise from transnational jurisdiction and litigation.

According to the project team, use of the decentralized Blockchain for the verification / storage of transactions and a currency token owner (Acorn, & # 39; OAK & # 39;) means that "Acorn can bypass the local taxation that would apply otherwise."

"By funding through an ICO, and using the Ethereum Blockchain, the Acorn Collective will eradicate traditional transaction costs by three to five percent." platform fees normally associated with other crowdfunding platforms, such as Kickstarter and Indiegogo, "states the Acorn white paper.

Acorn Hub thus integrates all aspects of the platform's crowdfunding infrastructure. However, the coin economy promises to deliver a handful of important and related essential services. The Acorn market for post-financing product sales, at no cost is one of them. Other services include marketing support and the POS payment application allowing OAK transactions via smartphone.

When crowdfunding does not finance the crowd

The phenomenon of crowdfunding has had a huge impact on consumer industries. the past decade with its first generation of platforms launched by organizations such as Kickstarter and Indiegogo.

Beginning as a purely community platform that reduced barriers to entry (to concepts such as financial investment for the creation of originals). projects); the success of crowdfunding is such that it has even attracted the interest of multinational corporations.

Rather than rely directly on crowdsourcing income, these companies often use crowdfunding as a means of assessing the public interest and potential sales. new products, as well as a launch tool towards the acquisition of traditional forms of investment, such as venture capital.

The growing popularity of this platform and the power with which market leaders (centralized) with high fees, which are applied in addition to local taxes that can apply to you. At the present time, individuals and SMEs are competing for funding from industry veterans, which makes exorbitant fees a disproportionate barrier to entry for candidates who have less funding and partnership.

played by lowering the barrier to entry for talented entrepreneurs looking for business funds to those who might lack funding or partnerships.

Despite this, there are still many obstacles that exist, not only for existing users. the fees and the structure of the tax, but the millions who live in the states and cities to which address the current market leaders. The Acorn Project Could Destroy the Boundaries of the Crowdfunding Industry

ICO Pre-Sale

The ICO Pre-Sale of Acorn was officially announced for launch on Monday, January 29th. until Friday, February 19th.

The ICO public will be a real test of public interest, and an example of crowdfunding of the concept of crowdfunding itself; rather than other traditional forms of investment.

Daniel Mitchell