We're helping fulfil crowdfunding's promise of being a democratic, accessible way for small businesses to get funding. Current platforms are equity-backed, so they focus on projects that give them the best return - with high barriers to entry and often policies that all but shut out developing countries. We want to crowdfund crowdfunding. Our early backers are token holders, not equity holders, so they want an expansive platform that values a community project in Kenya as much as it does a tech project in California. The Acorn platform will be completely free to use in any country and for any legal purpose. With crowdfunding overtaking VC's as the most popular way to get funded, and with a growing appetite for entrepreneurship in developing economies, there is a huge and proven market. Our team includes the ex-CTO of crowdcube, the worlds largest equity crowdfunding platform, along with Ian Scarffe, Desmond Marshall and an experienced commercial team. We'll partner with successful accelerators globally to make free reward crowdfunding a reality. Please refer to the website for more the technical whitepaper.
The Acorn Collective is using blockchain to help founders and startups find access to funding. We provide crowdfunding that is accessible, transparent and more likely to succeed.
It's a huge and growing market in the West and a largely untapped market in most developing countries.
- Accessible Crowdfunding
We are more accessible than any other platform by allowing all countries and listing any legal & ethical project. Where other platforms charge 5-10% just for the crowdfund, we’ll do it for free. Our flexible funding structure means founders do not need excessive seed capital. Accelerators will help to introduce, vet and mentor projects.
- Project Success
Our Crowdfunding Engine improves campaign success rate. It provides the tools to execute successful crowdfunding campaigns, the statistics to make the right decisions and access to lists of backers with a proven history of supporting similar campaigns. Smart contract milestones can be used to release funds early.
- Blockchain Transparency
Blockchain provides full transaction transparency, resulting in increased trust and a higher crowdraise for the founders. All transactions are done via OAK, an Ethereum token. Projects’ spending can always be tracked, in turn making backers more willing to support a campaign with more money.
- Acorn Marketplace
An integrated Acorn marketplace provides campaign services from Acorn and 3rd parties. Post-crowdfunded projects have immediate access to list their own service or project on the marketplace. Founders will have optional premium access to data about backer trends and past campaigns to make the right decisions about their campaign. This improves success rates in the campaign and post-crowdfunding delivery stage.
- Attractive Tokenomics
OAK is a fixed supply ERC-20 token that is used in all transactions within the Acorn ecosystem, from crowdfunding, marketplace spending and external purchases via the Acorn payments gateway. Real utility means real demand for the token. The regulator has been notified of our ICO and has no objection to our legal advisor’s classification of our utility token.
- Early Incentives
The Project Incentive Fund, made up from a proportion of the ICO, provides generous and early incentives for backers and founders to join Acorn and adopt the OAK token. By rewarding projects to join our platform, we promote the rapid growth of the Acorn platform, as each crowdfunding campaign in turn recruits new users into our ecosystem. 300+ projects are already registered.