Overview

Acorn is building a blockchain based crowdfunding platform that's the first to be free and open to any legal project in any country.

Project stage

Prototype

Detailed description

Main vision is for the Acorn Hub to be the centerpiece of the OAK ecosystem, on which founders create their crowdfunding campaigns. Backers use OAK to fund these campaigns in return for rewards (and possibly equity in the future). In effect, we leave it up to the community and its collective wisdom to decide which projects are worthy of their support.

Uniquely for crowdfunding, our guiding principle is minimal intervention. The platform should encourage users’ creativity by keeping rules, requirements and intervention to a minimum.

Anyone would be able to sign up and create a project, from almost all countries in the world. Virtually all categories are allowed, including, but not limited to commercial, research, charity, personal causes or some other, still undefined category. The requirements include that the project must be legal, provisionally set as according to Gibraltar and EU laws, and not harmful, for which we intend to establish an ethicsboard and community voting.

Crowdfunding is huge ($34b in 2015) and growing enormously year-on-year (up to $1t by 2025). Current platforms like Kickstarter are very successful, yet charge fees, restrict many listings and omit developing countries. They focus on a narrow band of projects to maximise stakeholder returns.Crowdfunding on our platform will be free. This is made possible by implementing separate Revenue Generation Mechanisms to cover our operating expenses.

Problem

Crowdfunding is huge ($34b in 2015) and growing enormously year-on-year (up to $1t by 2025). Current platforms like Kickstarter are very successful, yet charge fees, restrict many listings and omit developing countries. They focus on a narrow band of projects to maximise stakeholder returns.

Solution

We accept any legal project from any country and we do it for free. We focus on an wide adoption and easy access to maximise adoption of our token.

  • Blockchain transactions all but eradicate fees (typically 3-5% on other platforms)
  • Using an ICO to scale and Revenue Generation.

Features

Free Crowdfunding
ERC-20 token means tiny transaction fees (other platforms: typically 3-5%). ICO proceeds fund our Revenue Generation Mechanisms so we don’t need to charge any platform fees for crowdfunding (other platforms: typically 5%).

All Legal Projects
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.

Any Country
Crowdfunding is an outstanding success in developed countries. Emerging markets are all but shut out. We’re interested in an expansive ecosystem, so we’ll allow all non-sanctioned countries.

Attractive Tokenomics
Fixed supply token, used for all transactions in our crowdfunding hub, our post-campaign marketplace, our support services and our point-of-sales payment app. Real utility means real demand.<

Early Incentives
To reward and encourage early adopters. A Project Incentive Fund provides generous incentives for people to use our platform. Affiliate rewards provides commissions for successful recruitment of additional users.

Validated Interest
Growing list of interested projects waiting to be listed. Accelerators and incubators in developed and emerging markets providing  crowdfunding to ventures and entrepreneurs in their networks.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : OAK
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 35,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :980,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :65,000,000 OAK
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :25,000,000 OAK
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      26 May 12:00 UTC
      24 Jun 12:00 UTC
      1.4 USD No - 980,000 USD 35,000,000 USD
      Pre-sale — Ended
      29 Jan 00:00 UTC
      19 Feb 00:00 UTC
      1.4 USD No - Uncapped Uncapped
      • Team

        • Moritz Kurtz photo
          Moritz Kurtz
          Co-Founder, CEO
        • Peter-Andreas Kurtz photo
          Peter-Andreas Kurtz
          Co-Founder, CFO
        • Ed Earle photo
          Ed Earle
          CTO
        • Edward Lobbett photo
          Edward Lobbett
          CCO
        • Ben Webb photo
          Ben Webb
          Head of Sales & Partnerships
        • Edward Dench photo
          Edward Dench
          Commercial & Business Development
        • Helene Boscardin photo
          Helene Boscardin
          Social Initiatives Director
        • Simon Minton photo
          Simon Minton
          Cybersecurity & Startup Specialist
        • Tom Richards photo
          Tom Richards
          Developer
        • Tom Keirl photo
          Tom Keirl
          Developer
        • Phil Osmond photo
          Phil Osmond
          Product Owner
        • Steven Markey photo
          Steven Markey
          Development in Test (SDET)
        • Daniel Pidcock photo
          Daniel Pidcock
          Head of User Experience
        • Claire Van de Poll photo
          Claire Van de Poll
          Graphics & Website Designer
        • Ella Johnson photo
          Ella Johnson
          Graphic Designer
        • Jamie Alexander Conoley photo
          Jamie Alexander Conoley
          Videographer / Creative
        • Tristan Jago photo
          Tristan Jago
          ICO Marketing Strategist
        • Toby Tucker photo
          Toby Tucker
          Marketing & Community
        • Pippa Churcher photo
          Pippa Churcher
          Social Media & Marketing
        • Sebastian Weiss photo
          Sebastian Weiss
          Sales and Partnerships
        • Peter Kimberley-Bowen photo
          Peter Kimberley-Bowen
          Sales and Partnerships
        • Charlotte Bailey photo
          Charlotte Bailey
          Founder Project Liaison
        • Rory Stanway photo
          Rory Stanway
          Digital Marketing
        • Jan Monks photo
          Jan Monks
          Customer Relations Manager
        • Jack Dyrhauge photo
          Jack Dyrhauge
          Sales Coordinator
        • Tom Doyle photo
          Tom Doyle
          Events Coordinator
        • Philip Coupland photo
          Philip Coupland
          Commercial Assistant
        • Colette Mackie photo
          Colette Mackie
          Personal Assistant
        • Emma Broughton photo
          Emma Broughton
          Executive Assistant & HR
      • Advisors

        • Steve Good
          ICO Advisor
        • David Ives
          Crowdfunding & Technical Advisor
        • Ian Scarffe
          Blockchain & Startup Advisor
        • Theodosis Mourouzis
          Blockchain Advisor
        • Kyriacos Pavlou
          Blockchain Advisor
        • Jeremy Suarez
          Cybersecurity Advisor

      Roadmap

      • Q3-Q4 2017
        • Concept & Team Building
        • Company Incorporation
        • Regulatory & Banking
        • >Product Development Began
      • Q1 2018
        • ICO Presale SOLD OUT
        • Product Development & Team Building
      • 26 May - 24 Jun 2018

        Main ICO Crowdsale

      • Late 2018
        • Early Product Build
        • First Crowdfunding Campaigns Live
        • Token Growth & Stability Mechanisms

      Activity