Author

Topic: ✅ [ANN] [ICO] ✅ PRE-SALE SOLD OUT - ACORN COLLECTIVE! ✅ MAIN SALE 26 MAY 2018 - page 207. (Read 251581 times)

newbie
Activity: 98
Merit: 0
member
Activity: 532
Merit: 10
newbie
Activity: 98
Merit: 0
Hi devs, I understand hard cap acorn is 100kk $, while the soft cap - 5kk $, what is expressed in this difference? If you reach soft cap will you return money to investors?

100kk is too big hardcap. 5кк is a minimum requirement. After collecting the figure of 5 million, the project will be considered conditional. This is enough for initial development.
I also wonder why such a big difference between the soft cap and hard cap. That is, in order for the project to begin its implementation of enough $ 5 million, for what then so much a huge amount of $ 100 million?

Our target is $50M USD but we have a stretch target of $100M USD, we realise these are large figures to be discussing to give some context though, Indiegogo raised $56m so far and they're not as regionally-accessible as us, were much earlier into the market and they're far from free. Raising through an ICO is not iterative like private equity funding, there are no further rounds. To make a platform that's free, truly global and competitive we need things like the project incentive fund, a larger development budget and a bigger outreach team as well as other costs to be functional in every market. It's a big undertaking.
full member
Activity: 532
Merit: 103
Quote
We’ll allow legal and non-harmful projects, irregardless of category to crowdfund for free. Acorn works as well for community projects as it does for huge consumer products. We don't shut you out because you're a local business.

Tell me about what legal problems you are talking about? Can you help with project registration from Ukraine or Mexico? I understand correctly?
full member
Activity: 434
Merit: 100
Hi devs, I understand hard cap acorn is 100kk $, while the soft cap - 5kk $, what is expressed in this difference? If you reach soft cap will you return money to investors?

100kk is too big hardcap. 5кк is a minimum requirement. After collecting the figure of 5 million, the project will be considered conditional. This is enough for initial development.
I also wonder why such a big difference between the soft cap and hard cap. That is, in order for the project to begin its implementation of enough $ 5 million, for what then so much a huge amount of $ 100 million?
member
Activity: 532
Merit: 10
Hi devs, I understand hard cap acorn is 100kk $, while the soft cap - 5kk $, what is expressed in this difference? If you reach soft cap will you return money to investors?

100kk is too big hardcap. 5кк is a minimum requirement. After collecting the figure of 5 million, the project will be considered conditional. This is enough for initial development.
hero member
Activity: 1218
Merit: 500
Hi devs, I understand hard cap acorn is 100kk $, while the soft cap - 5kk $, what is expressed in this difference? If you reach soft cap will you return money to investors?
full member
Activity: 420
Merit: 100
Early listing of the OAK token on digital currency exchanges, shortly after completion of the ICO would ensure contributors have a viable exit strategy as well as to allow new users into your ecosyste (WP 4.2.) But what if this would hard dump your token? People who will get bonuses will fix their profit and sell token lower ICO price!!

In the short term, to be frank, we expect there will be dumping by some initial ICO participants. However, this is something quite common among many ICOs, whether they have a large pre-sale bonus or not, and is not something in our immediate control.

The pre-sale token cap of 7m ACO is not a huge percentage of the overall pool
- Max supply is 90m ACO, if we reach the hard cap
- If we just reach our standard funding goal, there will be ~45m+ ACO)
- The bounty program has been allocated 150k ACO

There are other measures we’re taking to mitigate against coin dumping.

 We expect the MVP to be ready by late Q2/early Q3
- We maintain active outreach with the community and demonstrate active development occurring to show people that the coin isn't dead, even though the price may have taken a dip
- Release our platform only a few months after the ICO, giving the token real utility and recruiting actual users into the token ecosystem (and thus generating demand for it)

We have designed token growth & stability mechanisms which should further limit the impact of dumping and ensure adoption and growth of users entering the token ecosystem at an early stage
- more info on this can be found in our one-pager and whitepaper

In short, yes we expect there will be some dumping and there's nothing we can do to prevent it completely, however I do think the way we've designed it and plan to move forward with Acorn's platforms and mechanisms a short time after the ICO completes can minimise the impact of dumping and make sure it only lasts a short time.

Well, you beat me twice! With math and logic. You are right and fuel for dump will end pretty quickly. If you really expect the MVP to be ready by late Q2/early Q3 you better prepare a lot of coffee! =)
newbie
Activity: 92
Merit: 0
That is ok. I`m new in crypto and this forum and see that projects need protect their bounty campaigns. Balance between marketing and  investors interests  Smiley
newbie
Activity: 115
Merit: 0
Interesting project. Really not sure that there is real demand. Crowdfunding theme is not new, the required infrastructure is already there.

Hi, Crowdfunding is growing year on year and the World Bank estimates it will be worth as much as $1 Trillion USD by 2025. There are existing platforms such as Kickstarter & Indiegogo but these exclude many countries in the developing world, charge high fees for use and payments and only accept a small number of projects. Our platform will be accessible in any country, will accept almost any legal project and will be completely free to use. The existing platforms have shown the model works, we are simply improving upon that in a rapidly expanding market.
So the difference from the usual market is only in the amount of commission? I understand that there will be free access and openness, but in my opinion it's not always a plus for consumers.
newbie
Activity: 70
Merit: 0
Interesting project. Really not sure that there is real demand. Crowdfunding theme is not new, the required infrastructure is already there.

Hi, Crowdfunding is growing year on year and the World Bank estimates it will be worth as much as $1 Trillion USD by 2025. There are existing platforms such as Kickstarter & Indiegogo but these exclude many countries in the developing world, charge high fees for use and payments and only accept a small number of projects. Our platform will be accessible in any country, will accept almost any legal project and will be completely free to use. The existing platforms have shown the model works, we are simply improving upon that in a rapidly expanding market.

You write that your platform will be available in any country, but your site is currently only in English. Do you plan to translate into Chinese, Russian, Korean?
I also wonder about county coverage of your project but not in translation terms but in collaboration and establishing business ones. What is your near market region aims? Thank you.
I Think that Acorn should pay more attention to the East with its progress in ICO and blockchain spheres.
sr. member
Activity: 616
Merit: 300
Hi folks, sorry for the late responses, the pre-sale starts in 4 days so as you can imagine we've been pretty busy, thanks for your patience.




Cryptobudgie, please tell where in this scheme investors of crowdfunding projects?
Do I understand correctly from WP that will be invest can only holders of OAK-tokens?
full member
Activity: 476
Merit: 103
Interesting project. Really not sure that there is real demand. Crowdfunding theme is not new, the required infrastructure is already there.

Hi, Crowdfunding is growing year on year and the World Bank estimates it will be worth as much as $1 Trillion USD by 2025. There are existing platforms such as Kickstarter & Indiegogo but these exclude many countries in the developing world, charge high fees for use and payments and only accept a small number of projects. Our platform will be accessible in any country, will accept almost any legal project and will be completely free to use. The existing platforms have shown the model works, we are simply improving upon that in a rapidly expanding market.

You write that your platform will be available in any country, but your site is currently only in English. Do you plan to translate into Chinese, Russian, Korean?
I also wonder about county coverage of your project but not in translation terms but in collaboration and establishing business ones. What is your near market region aims? Thank you.
sr. member
Activity: 896
Merit: 251
Interesting project. Really not sure that there is real demand. Crowdfunding theme is not new, the required infrastructure is already there.


The infrastructure that exists will require a lot of money as a commission. As I understand the project wants to reduce this figure



I know 7-10%.  What will be the commission for this platform? Will it be a flat rate or will there be any hidden charges?
As I see in WP they plan no fee for the projects and with less restrictive rules for crowdfunding. And they will have other possibilities for OAK price growth. Try to learn WP deeper, it has many interesting details about model and tokens
newbie
Activity: 71
Merit: 0
full member
Activity: 532
Merit: 103
Interesting project. Really not sure that there is real demand. Crowdfunding theme is not new, the required infrastructure is already there.

Hi, Crowdfunding is growing year on year and the World Bank estimates it will be worth as much as $1 Trillion USD by 2025. There are existing platforms such as Kickstarter & Indiegogo but these exclude many countries in the developing world, charge high fees for use and payments and only accept a small number of projects. Our platform will be accessible in any country, will accept almost any legal project and will be completely free to use. The existing platforms have shown the model works, we are simply improving upon that in a rapidly expanding market.

You write that your platform will be available in any country, but your site is currently only in English. Do you plan to translate into Chinese, Russian, Korean?
newbie
Activity: 98
Merit: 0
Interesting project. Really not sure that there is real demand. Crowdfunding theme is not new, the required infrastructure is already there.

Hi, Crowdfunding is growing year on year and the World Bank estimates it will be worth as much as $1 Trillion USD by 2025. There are existing platforms such as Kickstarter & Indiegogo but these exclude many countries in the developing world, charge high fees for use and payments and only accept a small number of projects. Our platform will be accessible in any country, will accept almost any legal project and will be completely free to use. The existing platforms have shown the model works, we are simply improving upon that in a rapidly expanding market.
newbie
Activity: 98
Merit: 0
Hi folks, sorry for the late responses, the pre-sale starts in 4 days so as you can imagine we've been pretty busy, thanks for your patience.
What documents should I submit in order to undergo KYC procedure? Currently, many projects require as proof of address of residence, Bank statements or pay mobile services, unfortunately my Bank does not provide in the statement the address of residence of clients, so for me it is a problem
Hi Morgan, for our KYC we'll need proof of ID such as passport or driving license and a recent proof of address if your ID doesn't have your address on there. For your proof of address you don't have a bank statement you can use Household utility bill (eg gas, electric, water or fixed line telephone but not a mobile phone bill). It must be no more than three months old and show your name and current address. You can also use a credit card bill, tax bill or voter registration letter

I think it's not a problem if you continue to answer also detail but one time in 2 days. The address specified in the passport will be enough to confirm my living address for the passing of the KYC?

Sorry for the slow responses, we've been really busy in the lead up to the pre-sale. If you're looking for faster answers check out our Telegram group https://t.me/AcornCollective. If your passport lists your address that's good, but you will still need proof of address dated in the past 3 months.
sr. member
Activity: 658
Merit: 251
Interesting project. Really not sure that there is real demand. Crowdfunding theme is not new, the required infrastructure is already there.


The infrastructure that exists will require a lot of money as a commission. As I understand the project wants to reduce this figure


Yes, the work of the platform is planned with minimal commissions for users. This can not be compared with the commissions that are on the market now

In addition to the low fee received by a service its advantages include the transparency of movement of funds of customers and escrow.
Jump to: