What studies of the business market were taken into account when creating the development strategy of the project?
Hey there!
Acorn are tackling three major issues in crowdfunding, Access, Success and Transparency, what has driven the business development.
Access
Did you know that only 1.9% of crowdfunding revenue goes to developing countries?
We accept any legal and ethical project worldwide — reaching parts of the world under-served by crowdfunding.
Integrated platform training and support to help inexperienced founders.
Seamless and free blockchain payments system — minimal transaction costs
Project Incentive Fund — we incentivise early adoption of the Acorn platform and provide starting bonuses to promising projects
Read Amani’s story to learn more
Success
Did you know that 78% of crowdfunding projects fail to meet their funding goal?
Acorn offer’s integrated marketing tools and services as part of our crowdfunding engine. These will be backed by data from previous campaigns, helping founders make the right marketing decisions, and giving them access to lists of backers who supported similar projects in the past.
Accelerators will perform project verification and founder mentorship to support new founders, and validate legitimacy of projects.
The Acorn marketplace will offer additional Acorn, and 3rd party services to aid in the funding campaign and subsequent product delivery.
Founders will be given the option of withdrawing funds at milestones during their campaign to use within the marketplace for extra reach
Read Nancy’s story to learn more.
Transparency
Did you know that fear of fraud is often cited as a reason for backers not contributing to crowdfunding campaigns?
All transactions will be made via OAK, providing transparency. Blockchain gives the option for the founder to display all spending publicly from the raise to the delivery stage. Backers can see where money is being spent thereby increasing trust in a project and making backers more willing to support projects.
Projects use Acorn’s payment gateway to purchase external products, in both fiat or tokens. These transactions are also recorded on our transparency ‘app’.
Smart contract based milestones can be implemented to only release funds when certain criteria are met. These can be instituted even before the funding target has been raised, giving projects access to cash early on and increasing their odds of success.