Sunday, April 29, 2018

TheAcornCollective Due Diligence


Hi everyone, I recently came upon the following project (TheAcornCollective - https://www.aco.ai/) and I'm interested in hearing different opinions / assessments on this project. I missed their pre-sale but I am looking forward to invest during their TGE / ICO. Has anyone else came upon this project? Any red flags I might have missed? This is what caught my attention until now:- makes crowdfunding accessible for any legal project, anywhere; to put this into context, 70% of the current crowdfunding market is located in the US and Europe. Easily having access to funding is crucial for developing countries, and there is a huge unexplored market potential there. Experimentation is the foundation of progress, so anyone should be able to raise funds for traditional or crazy projects, especially in developing countries.- collaborate with local accelerators to get start-up projects up to speed;- profile screening for project founders, which provides detailed information about his/her background and whether he/she is fit for the job. They even provide training and support for those who need it, before they start their campaign.- plan to improve the success rate of crowdfunding campaigns by offering marketing and strategic support for projects, depending on their resources and needs.- rewards investors (backers) with levels of achievement based on their engagement: the more they use the platform, the more they will be rewarded.- improves transparency by using blockchain-based payments, so investors can see when and how are the funds used;- founders are open to suggestions and even make important changes based on community feedback. For example, they lowered the hardcap for the token sale, which is pretty impressive in my opinion. Being open-minded and reiterating after receiving feedback from users/community is really important and, unfortunately, very uncommon.Please do not spam or shill! Any feedback is welcomed! Thanks! via /r/icocrypto https://ift.tt/2r7t3WC

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