Topic: [ANN]***THE ACO PLATFORM***RESCUING THE ICO INDUSTRY [ACCREDITED & GOV ENDORSED] - page 4. (Read 525 times)

This system is proving something new, promising. I'm definitely keeping an eye on this.

In order to rescue the ICO industry, we are introducing the Accredited Coin Offering Platform (ACO Platform). The ICO industry is not regulated. Therefore startups on the ACO Platform will receive due diligence accreditation from our institutional banking, accounting and financial partners.

Startups that pass our accreditation process will receive a credit rating giving them not just credibility, but allowing them to receive insurance from our banking partners. Investors in turn will be protected with institutional-level underwriting.

The market needs better due diligence and oversight, as well as better investor protection. The ACO Platform allows the market to self-regulate token offerings, ridding the market of fraud and unethical deals, improving the health and credibility of the token industry, and allowing true entrepreneurship to flourish.

The team is probably one of the most important (if not the most important) aspect when investing into an ICO, because at this stage the backers are investing in the team who can execute a promising idea. So it’s important you get a team with a solid track record.

At The ACO Platform, we've got an awesome team with awesome credentials and track record.
With our long standing commitment with businesses, startups and investment institutions teams we are confident that we can make this platform a success.

Owh, didn't we say that we are government endorsed and invested? We are committed to create a safe and healthy environment for the ICO industry.

Here's the awesome team for The ACO Platform:

i. Arthur Yao – CEO/Chairman
• CEO of multiple FinTech companies.

ii. Jack Lin – CFO
• US Certified Public Accountant.

iii. Lilyana Abdul Latiff – COO
• CEO, New Entrepreneurs Foundation.
• Chairman, ASEAN Rice Bowl Startup Awards.

iv. Ted Huang – Board Advisor
• Digital solution provider of technology industry.
• Board advisor of Yang-Braxter NYC.

v. Effendi Zulkifly – Board Advisor
• Co-founder & CEO of Blockchain Academy Asia.
• Director of Blockchain Development – AGA Global
Associate Holding Sdn Bhd.

vi. Harald Overå – Communication & Marketing
• Investment Banking Analyst – Fubon Financial Holding Co.,Ltd

wow, thank you. We would love for you to join our WhatsApp/Telegram/WeChat group!

• Dedicated to improving the health of the token ecosystem by bringing institutional underwriting and due diligence to the token economy.
• The ACO makes use of a pioneering new economic model that enhances the accredited process to ensure successful fundraising.
• The ACO platform will be the first government-approved crypto fundraising platform available.
• Major institutional banking and insurance companies will be affiliated with the ACO platform.
• Startups using the ACO platform can simply submit an application with their project details.
• The application process will ask for the required information necessary for institutional banks, insurance and escrow service providers to bid for the lowest service fee.
• The ACO platform will provide an end-to-end process for creating ICOs on an easy to use platform.
• ACO’s will enjoy access to underwriting services previously only available to ICOs, while investors will be able to access projects approved by professional institutions.

**P/S:
If you’re interested to know more, please let us add you in either our Telegram group, WhatsApp group or WeChat group. Leave us your phone number, email, WhatsApp cell number, Telegram ID or WeChat ID.

Recently, Google, Facebook and Twitter have all announced a ban on cryptocurrency and coin offering advertising. Projects which were easily reaching their hard caps of hundreds of millions of dollars in 2017 are now having trouble meeting their hard caps of tens of millions of dollars. In the face of regulatory scrutiny and the current bear market, many are delaying their crowdsales or even calling them off.

We are in an ICO Winter — but that’s not a bad thing.

Adaptation

Challenges force adaptation. The ad bans will make it harder for scammers to succeed, while good teams will still be able to find ways to market their projects. Government regulation is preventing every Tom, Dick and Harry from starting an ICO with a copy-and-pasted whitepaper and website, but it’s not preventing the solid projects from going forward. The bear market is forcing investors to look at projects thoroughly, reading their whitepapers, understanding their teams and doing more research, rather than throwing their money at every promising idea.

A Healthier Ecosystem

At the ACO Platform Foundation, we understand the current environment is tough for both investors and companies trying to raise funds, but we think in the end it will make for a healthier ecosystem. With our platform we’re creating a way for blockchain projects to go through due diligence processes similar to what traditional startups face when raising funds. Instead of letting every project through without scrutiny, we’re create a framework of what a solid project should look like and helping companies achieve that model.

For projects that pass our muster, we provide accreditation through a credit rating, and also help with insurance underwriting. This will not only provide protection for investors but help startups succeed in their fundraising by building faith in the project. Together, we’re helping the crypto community get through this Winter and build a healthier token sale ecosystem.

ICOs have transformed the startup fundraising ecosystem. A tech startup today can raise funds more quickly and easily through a token sale than traditional venture capital funding. In 2017, ICOs raised over $5.6 billion, accounting for 30% of all seed funding.

But while this quick and relatively easy fundraising method has allowed many promising projects like Ethereum to raise the funds to allow them to prosper, it’s also lets scams flourish.

Scams & Fraud

ICO investors today are at high risk. Many scammers and fraudsters today create an ICO website and setup a token sale with no intention of creating a working product. Instead they intend to run away with the funds as soon the funds are raised. Statis Group has estimated over 80% of ICOs today are scams.

Recognizing the danger to their users, Facebook, Google and Twitter have all announced bans on ICO advertising, to protect users from scams and phishing attacks. The SEC has shut down several ICOs, forcing them to return funds to investors.

Regulatory Risk

Governments have recognized the risk of securities fraud with ICO projects, and there have been crackdowns on ICOs around the world. In America, the SEC has classified most ICOs as securities, barring ordinary investors from participating. In China, ICOs have been outright banned.

For legitimate startups trying to raise funds for development, the current environment of regulatory risk and uncertainty makes it hard to raise funds through a public token offering.

Opaqueness

The projects which are still going forward with token sales are moving much of their fundraising to private presales which have less regulatory risk for the company. But these private presales are opaque and often creates more risk for crowdsale participants.

Creating a Healthier Token Sale Ecosystem

The market needs better due diligence and oversight, as well as better investor protection. To create this kind of environment, we’re introducing the Accredited Coin Offering(ACO) Platform — a way for the market to self-regulate token offerings.

We’re working with institutional partners including banks, accountants, and insurance companies to provide due diligence, credit ratings, and insurance for token offerings.

This keeps the token sale market healthy, eliminates scamming, fraud and unethical deals, and allows true entrepreneurship to flourish and drive success for the new token economy.

To find out about the ACO Platform and our vision for Accredited Coin Offerings, visit www.acoplatform.com

Thank you for your positive comment! We are dedicated to improving the health of the token ecosystem by bringing institutional underwriting and due diligence to the token economy.

At the moment, we are looking for more strategic partners to join us & we hope that you could connect us with the relevant parties.
*you can reach me at either our WhatsApp, Telegram or WeChat group.

Very relevant and interesting. This year we see a growing trend in the organization of IСO and start-ups, so I think the project has a chance of success. Good luck!

The ACO Platform is an end-to-end token sale platform with government backing that allows startups to create token sales in a regulation-friendly environment, and with institutional bank backing. In other words, The ACO Platform makes use of a pioneering new economic model that enhances the accredited process to ensure successful fundraising.


Problem
Cryptocurrencies and smart contract platforms like Ethereum have led to the rise of fundraising through Initial Coin Offerings (ICOs). ICOs have been a tremendously successful way for startups to raise funding, and over $2 billion was raised through ICOs in 2017. However the current ICO environment is fraught with risks for both startups and potential investors.

• Lack of objective and reliable information about ICO project details.
• No independent rating agency to perform due diligence on potential and ongoing operations of a project.
• No early-stage market making function for tokens after issuance.
• Lack of regulation, resulting in insecure coins and scams flooding the market.

The ACO Platform
The Accredited Coin Offering Platform will be the first government-approved crypto fundraising platform available. Major institutional banking and insurance companies will be affiliated with the Accredited Coin Offering Platform. Startups using the ACO platform can simply submit an application with their project details. The application process will ask for the required information necessary for institutional banks, insurance and escrow service providers to bid for the lowest service fee.
The platform will provide an end-to-end process for creating ICOs on an easy to use platform. ACOs will enjoy access to underwriting services previously only available to ICOs, while investors will be able to access projects approved by professional institutions.


Benefits

• Due Diligence
• Insurance Underwriting
• Institutional Certification and Approval
• Smart Escrow Contracts
• Token Minting

Summary
In summary, the ACO platform provides a better option. It provides easy to access to funds for both startup companies and protection for investors. Complex blockchain token and transaction issues are simplified on the platform and ensured by smart escrow contracts. The entire process is ensured by those services affiliated with the ACO platform. The cost to startups is only 3% of each token sale, and this rate is only charged after the sale is complete.




The Accredited Coin Offering (ACO) platform makes use of a pioneering new economic model, where the value of ACO tokens will be linked to the platform’s profitable operations.
The new platform will improve verification and security by merging vital elements into a single operational base:

• By combining institutional underwriters, the ACO platform will provide reassurance of the offering's credibility to investors.
  The accredited rating system will require detailed information on any projects submitted, which will ensure a transparent environment.
• The ACO platform will include tools and services to mint tokens and develop smart escrow contracts, which are both essential elements of the process.

The platform will be operated by the New Entrepreneurs Foundation (myNEF) of Malaysia, a non-profit organization established in 2012. It will be the only government-approved crypto-fundraising platform available. Major institutional banks and insurance companies within Malaysia will also be affiliated with the ACO platform. myNEF is an integral component of the ACO platform, supporting ACO and providing linkages with relevant government agencies. This support from myNEF provides investors with security in the knowledge that they are involved with a reputable company.


Value in ACO Platform

• End to End flow between underwriters, investors and issuers.
• Provide single platform for initial coin offering.
• Smart Escrow white paper safeguard for investor.
• Delivering accredited services for issuers, which facilitates the initial coin offering process.
• Enhance coin minting with Accredited Token
• Coin minted in ACO Platform be automatic listed to exchange house, which in turn provide immediate liquidity to the investor.

HOW IT WORKS
The ACO platform adopts a holistic approach to the initial coin offering process, which is intended to benefit all stakeholders. The methodology adds value through:

• Close collaboration with underwriters, which facilitates the information flow between underwriters, investors and issuers.
• Using the ACO naming convention "Accredited Coins" or "Accredited Tokens" to refer to tokens generated by Accredited Coin Offering (ACO).
• Evaluation and rating of all offerings by expert teams.
• Delivering accredited services for issuers, which facilitates the initial coin offering process.
• Providing an integrated platform for startups and investors to efficiently update new offerings.

These tactics ensure a more structured market system, while at the same time recognizing and rewarding both risk and innovation.
The ACO generates revenue by delivering services to startups at each stage of the pledge process. These services in turn provide investors with assurance that information about the projects they are considering is readily available. The diagram below depicts the pledge process and the services offered by the ACO.



Application/Project
To get started, all that startups need to do is submit an application to the ACO platform. The ACO requests that startups submit white papers and other documentation that provides the information necessary for institutional banks, insurance and escrow account service providers to bid for the lowest service fee. Startups can then choose the best plan to credit their projects.


Due Diligence/Insurance
Due Diligence ensures every project is examine by various sectors of the financial field, and base on it provide accurate rating
In cases where the project gets high ratings, this would indicate less risk for the investor himself, which is ultimately a crucial aspect to bear in mind.

The ACO Platform will use a funding reserve system, through which it can host an umbrella of protection.
ACO Platform will reserve a minimal amount from the token sales of each project. The amount reserved will be calculated in accordance with the Due Diligence initial rating report.

The funds will serve as exit plan for failed projects and buy back orphan tokens from the market. Ultimately, this method will provide a stable market and more quality projects in the future.

Accredited Certification/Rating Report
Any issuer submitting a project will first need to upload full details of their project, including reference materials, as well as documents that prove the issuer’s ability to execute the project, such as asset proof or certificate of incorporation. Only with a high rating will a project be likely to reach its pledge target.

All submitted documents will be reviewed and evaluated by our institutional partners, including accounting firms, insurance companies, banks and attorneys. Our institutional partners will release a rating report with rating scores. Startups can then choose the suitable offer to get ratings, either from the one with the highest rating score or from different institutions for multiple ratings.

Smart Escrow Contracts
Smart escrow contracts work to secure a transparent, public and beneficial trading environment for both investors and startups. Upon completing the rating process, the ACO system will automatically generate a smart escrow contract, which includes project information, startup background and, of course, the rating for the project. The token distribution plan will also be defined on the smart escrow contract; when the pledge closes, the system will distribute the tokens to token holders according to the conditions defined in the smart escrow contract.

Token Pre-Sale/Token Minting
To invest in a project on the ACO platform, investors need to trade ACO tokens.

ACO tokens can be purchased through any major crypto-exchange site, and it’s the only token available on the platform. After the presale stage, the new tokens will start minting. All project coin minted on the ACO platform will be covered under ACO’s insurance coverage.

ACO Commission/Token Release
Setting up projects for startups is a free service; however, the ACO platform will charge a flat rate of 3% for each ACO token sale. This rate is only charged after the token sale is complete.

The initial coin offering project for the ACO platform intends to attract the funding required to deliver on our vision. The company will participate in the exact processes required for an initial coin offering, including regulatory, technological, legal, rating and marketing.
The ACO platform will be launched at https://www.acoplatform.com.


ACO Tokens
Every ACO token purchased provides the holder with the following rights:
1. To invest in a project on the ACO platform, investors need to purchase ACO tokens. ACO tokens can be traded through any major  
crypto-exchange site, and it’s the only token available on the platform.
2. ACO tokens can also be converted into other tokens obtainable on the ACO platform.

Tokens are created and distributed to the public through different stages, which are private sale, priority sale, pre-sale and then moving to public pledge. Investors will have the better offer when they enter at the first stage. ACO Token is the only utility method applied on ACO platform. The using of unified token makes the projects go more smoothly and effectively both from investor’s side and startups side.


Token Status



Sale of Tokens
Only 125 million ACO tokens will be available for sale during this project. The target pledge for the ACO platform is 15,000 ETH.
All proceeds from the ACO token sale will be held in an escrow account; via smart escrow contract, ACO tokens will be issued and transferred to token buyers. The funds will be released from the escrow account in order to execute the vision of building the project.
Once the ACO token sale ends, no further ACO tokens are available for purchase. Any transaction after the end of ACO token sale will be rejected. ACO tokens will be issued within 30 days after the public sale closes.

There will be a total of 500 million ACO tokens:

• 125 million (25%) will be sold during the pledge
• 175 Million Tokens (35%) – reserve for future use
• 50 Million Tokens (10%) – distributed to the advisory
• 125 Million Tokens (25%) – distributed to platform operator
• 25 Million Tokens (5%) – distributed for startups promotion