Acorn Collective

ACORN COLLECTIVE is a platform that transforms crowdfunding making it accessible, transparent and workable to everyone.

PROS:

• Accessibility: The platform use breaks the geographical barriers  to the entry by accepting thousands of legal and ethical  projects which are excluded from other platforms
• Success: The platforms crowdfunding engine improves campaign success rates as it provides a tool to execute  successful crowdfunding campaigns
• Transparency: The adoption of blockchain enables all the platform transactions to be fully transparent  hence increasing trust and a higher crowdraiser for the founders
• Incentives: The Project Incentive Fund incentivizes early adoption of the platform by providing starting bonuses to all the promising projects
• Security: The adoption of Dier by the platform enables it to build a cloud infrastructure  which protects the user’s information from cyber threats and hacking
• Team:  The platform has  a credible team of technical members and  advisors with the relevant skills and experience enabling the easy formulation of the project
• Whitepaper: The platform white paper is properly detailed  bearing all the necessary information on the project use in promoting different projects and businesses

CONS:

• The platform token use is highly  affected by high taxation rates imposed by different states
• The platform involved team is missing in the white paper
• The OAK token is not  compatible with the other cryptocurrencies and fiat limiting the payouts

SUGGESTIONS:

• The OAK token should be made compatible with the other cryptocurrencies to enable easy payments
• The involved team of the project should also be included in the white paper as in the website to enable the easy understanding of the project by the users v

NOTE:

The platform provides crowdfunding to everyone supporting the start of the legal and ethical projects and other small businesses leading a greater service economy. This promotes me to invest in the project.

Summary

We believe that Acorn Collective has potential to be a great innovation within the crowdfunding industry. The project will have to add additional information about its goals, but so far it's a solid idea.

Positives
Campaign Module: Acorn Collective has a SAAS campaign module. It has a suite of digital marketing APIs that have their own guides and tools to help founders in their raise. This helps founders pay less for advertising (traditional modules tend to cost 5,000-10,000 to work properly) and complete their crowdfunding campaigns.
Enhanced Data: By combining marketplace services, backer interaction data, and marketing automation tools, Acorn Collective’s data system is more advanced than competing ICOs. They create the largest bank of crowdfunding data which helps monetized an anonymized data lake that helps drive success.
Blockchain Transparency: Blockchain gives full transaction transparency, which results in an increased trust and a larger crowdsale for the founders. All of the transactions are completed via OAK, and the project spending can be tracked. This helps backers more likely to support campaigns that have more money behind them.
Negatives
Crowdfunding Issues: One that could come from this platform is its crowdfunding quality. Acorn Collective will have to filter out good projects from scams to ensure that their user base is investing correctly.
Missing Code Repository: The ICO lacks a Github code repository. This can make some investors skeptical and might shy away developers from looking into this ICO.