Sometimes we like to highlight token sales that are almost over for our readers, usually when a sale’s hard cap is nearly reached – or it is getting solid reviews from ICO analysis sites. The Acorn Collective (OAK) has about 12 hours left in its ICO pre-sale, during which time buyers get a 50% bonus, so we thought we’d break down the basics of this project for anyone interested in getting some extra tokens for free for a promising ICO.
We're into the final 18 hours! Make sure you take advantage of the huge 50% discount we're offering. Don't miss out on this opportunity to change crowdfunding forever. Get yourself a token that has a real utility in the world.
Contribute now – https://t.co/phr3cb7dIm
— Acorn Collective (@AcoCollective) February 18, 2018
This ICO managed to score a 4.0/5.0 from ICOBench, which is an impressive score compared to some other token sales in the pipeline.
What is the Acorn Collective?
This cryptocurrency platform is hoping to make crowdfunding (like IndieGoGo and GoFundMe, for a couple non-blockchain examples) that is commission-free. Yeah – a crowdfunding platform that doesn’t charge any fees, and it’s also open access for anyone in the world to use.
Much like a lot of industries, the crowdfunding space (where people raise money for projects or causes using a vast pool of small investments) is undergoing a blockchain facelift. It is a heavily centralized industry with just a few power players that charge fees that go as high as 5% of the total amount raised. On top of that, a lot of the current platforms charge between 3-5% for each payment made from individual investors.
According to Acorn Collective (OAK), that’s not how things should be.
When will this platform launch?
According to the Acorn Collective’s roadmap, the main part of the ICO (which doesn’t include the 50% discount) will go through April. The “Release of Acorn MVP Implement Token Growth & Stability Mechanisms” phase will take place in the second and third quarters of the year – but there is no exact date available for when this crowdfunding app will be up and running.
We wish we knew that, because this platform looks very promising. It seems like a pretty good-hearted venture that is seeking to change how crowdfunding works – and it can be a system that actually does our society some good. It’s all about putting the power back into the hands of the crowdfunders and not the middlemen collecting fees.
Would you guys crowdfund on this platform?
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.