Acorn Collective takes on Kickstarter with USD 50m ICO promising free global crowdfunding

Project Incentive Fund Early adopters benefit from Acorn’s Project Incentive Fund. The fund will give huge rewards to early founders and backers, ensuring that the platform gains early traction.

Best-of-breed​ ​support​ ​ ​Acorn will also provide additional campaign and business support services to support founders and generate revenues as a value-add

Acorn’s founder and CEO, Moritz Kurtz, said: “We think our ICO fulfils the early promise of crowdfunding through improved transparency, a better incentive model and the right support. All other global platforms have shareholders to satisfy, which means the pick a few projects that they think will raise the most fees. ICO changes that - we want an expansive global marketplace that is as available for a community food business in Ghana as it is a tech startup in California”

Acorn’s founders argue that blockchain-backed crowdfunding is different because it puts the marketplace before shareholders. Early backers are token holders who have invested in Acorn’s and the market’s growth potential.

This re-gearing of the marketplace to support a zero-fee platform is further helped by blockchain payments, which all but eradicate payment fees - currently around 3-5%.

The team is actively engaged with accelerators and other organisations in developing countries and large economies. The aim, from the start, is to fulfil the promise of delivering a truly accessible way for any business, community group or charity to secure funding.

Among Acorn’s advisors are David Ives, who as CTO helped build the team and architecture of CrowdCube, one of the most successful equity crowdfunding platforms in the world. Technical blockchain expertise comes from University College London and cybersecurity advice is from Jeremy Suarez of the cybersecurity platform drie and from serial security entrepreneur Simon Minton.