Topic: ✅ [ANN] [ICO] ✅ PRE-SALE SOLD OUT - ACORN COLLECTIVE! ✅ MAIN SALE 26 MAY 2018 - page 218. (Read 251544 times)

The project is quite interesting and I took a direct part in its ICO. I wish your development project. I will continue to follow your news about the work you have done.

if I look at the total supply, then this token is expensive because in 1 ETH we can only get 500 tokens at the pre-sale price, can the investors will have a profit with this, what is the target price after listing on the exchange dev? please answer

Ye, quite enough. Your point of view is clear. I hope project get necessary funds for development. idea is good for implementation and competition

Thanks oioioi!

democratizing access to funding, this is a very promising target, of course with very good planning, I hope ICO will run well, good luck

Thanks for the support everyone! We really appreciate it


Yes, it is quite a big bonus. First of all, to clarify, the reason we have a larger bonus is
1. There are no refunds for pre-sale investors as these funds will be going directly towards continuing development of our MVP and doing marketing for the Main ICO. As such, there is a larger risk when buying the Pre-Sale and we want the price to reflect that.
2. We do need that funding early on to ensure the success of the Main ICO. Again, it's to make it more attractive.

That said, we have considered it carefully and don't think it poses a critical issue for token value, especially in the longer term:

1. In the short term, to be frank, we expect there will be dumping by 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.

2. 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)

3. 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

4. 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.

Hope that answers your question?

Also thinking. Such big bonus may cause strong dump. For example Centra give bounty after 2 months. It's sad as results but now token cost much more than other ICO with quick rewards.
Have any plans against dumping?

A good project looks promising. If the de team work hard for them, success and  await them. Unquestionably, I will follow the topic.

I just found this thread. I've been seeing the project promoted on my twitter feed but only now found the thread. Interesting project, I think that democratizing the way startups are funded is genius, especially if a knowledgeable community gets involved.

I am ready for the ICO.

Hello,
I have a concern over the 50% pre-sale bonus. I keep seeing many ICOs dumping immediately after they are traded due to large bonus like this (we also have to add bounty tokens, normally on sale).
What are your plans to prevent dumping?

Indeed, by decentralizing the use of this token will give everyone who hold this token to have flexibility to use it.
Hopefully that this token will be accepted everywhere in every corner of the world.

This idea looks promising, crowfunding websites charge a lot of fees for their services which can harm small projects. Decentralizing crowfunding is a great initiative and not only for the foundation of icos but for projects and products much more varied. You have a great team and a very good project. I wish you the best with your ICO.

Ready for the ICO !

Hello,
how is the pre-sale going?

Thanks 

"open to any legal project and any country"

We have two main requirements for project approval:
1. Projects that are legal according to the laws of Gibraltar (the location of our company) and the EU
2. Projects that are ethical and do not cause direct harm. I understand this is possibly a contentious subject, but we will have an ethics board and community voting for projects that are legal, but possibly questionable from an ethics point of view.

We don't want to judge based on subjective criteria such as their category (whether it's a commercial idea or a community project or a charitable project or science/research), how innovative or creative the project is, the perceived business viability, level of pre-existing social traction, whether you have a prototype already.

We want to open up our platform to projects from all categories and also all stages in their life cycle, whether it's just a cool idea, a meaningful socially beneficial project, a research project or a validated product/service with existing customers.

Let the community decide with their wallets which project is worthy of support and which should be left to fail . Who are we, as a small company, to decide which projects can proceed or not and which have the potential to change the world?


With any country, we mean all countries unless they are on a US sanctions list (i.e. North Korean, Iran, etc)


Hope that answers the question? Keep 'em coming, happy to discuss.

Also, we'd love for you to join our Telegram channel too if you're interested https://t.me/joinchat/HI_eCBG0fCRCl1ja-d5JDg

Thanks for your questions!

well, that was a satisfying answer ^_^ Thanks for the extra infos! Keep up the good work!

by the way, what do you mean exactly with "legal project" when you say: open to any legal project and any country ?

Good question, thanks.

There will be other competitors who are:
- the traditional crowdfunding platforms such as Kickstarter and Indiegogo
- blockchain based crowdfunding platforms, like fundyourselfnow and kickico. KickICO is a bit different, as they also focus on running ICOs instead of just traditional non-ICO crowdfunding campaigns.

Here's why we're better (taken from our whitepaper)
- We want to make crowdfunding free - Other platforms charge between 4% to 10% in fees.
- The crowdfunding market is still in its infancy, with a potential to reach anything from USD 90B to 1 trillion per year by 2025 (World Bank, 2013; MyPrivateBanking, 2015). We’ll allow virtually all legal projects to list on our platform irrespective of where the project originates from and irrespective of each Founders’ project goal. Project types could include but are not limited to commercial, creative, research, charity and personal causes. -
- We wish to expand project exposure in new markets where previous access and competition are low, such as emerging markets <-- there are HUGE untapped markets for crowdfunding
- Goods from successful projects can automatically be listed and sold on the Acorn Marketplace with no fees for campaign founders.
- Subject to the success of our ICO, we have designed Token Growth & Stability Mechanisms intended to increase the value of ACO starting after token distribution. These mechanisms include:
a. The Project Incentive Fund will seek to provide generous starting bonuses to incentivize early adopters and reward recruitment of founders, backers and token users into our ecosystem. This can be a double accelerator, not only will the platform be free but it would also reward those generating early traction with incredibly generous incentives. It’s a mechanism to employ a huge marketing budget in an area where it should conceivably allow rapid growth for the platform and token.
b. Our Liquidity Reserve is intended to mitigate ACO price fluctuations related to large campaign payouts.
c. Subject to obtaining the required license or establishing a relationship with an existing licensed insurer, we intend for backers to have the option of buying Project Backer Insurance. For an additional fee, they could insure themselves up to the full value of their commitment against the possibility of project failure. We hope this will lower some of the objections to pledging funds.
d. Affiliate Rewards system: If implemented, this would provide rewards for anyone who can successfully recruit new users to participate in our platforms and therefore use ACO and our ecosystem
e. Frictionless ACO Purchases: We intend to connect with the APIs of exchanges and popular wallets to integrate them into our platform, creating a frictionless transaction environment.
f. Partnerships: We intend to actively explore partnerships with campaigns created on Acorn Hub as well as 3rd party platforms to integrate ACO and increase its utility

All of the above features and systems are intended to generate demand for the ACO token in the face of a permanently fixed supply.


tl;dr version
- free-to-use platform
- open to any legal project and any country
- fixed supply token --> more users mean higher token value
- project incentive fund: proportion of the ICO will be spent on incentivising early adoption of our platforms, meaning early growth of token demand
- tokenomics: crowdfunding on Acorn Hub; post-campaign sales of good/services on Acorn Marketplace; purchase secondary services on Acorn Support; point-of-sale transactions in local communities using Acorn Local. All use ACO token for transactions, meaning a continuous and circular flow of our token and a lot of utility



Hope that answers your question? Let me know if there are more!

Hi team, please explain who are your concurents and your project is better?

Ok, the most important thing is transparency, when talking about a new ICO. and i see your team is well listed on your website and in here. I like your background and team competence. I will be watching closely this project! good luck