Acorn Collective Whitepaper TLDR
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.