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Entrepreneurship is considered a noble profession as it does not aim to majorly serve the interest of the entrepreneur but the community at large. It builds the economy of the immediate and extended communities or nation and resultantly improve welfare. However, one of the most important factors required in establishing businesses for startups and SMEs is the access to financial facilities like loan, grants and so on required to raise funds for business. In developed countries, provisions are made by centralized institutions to facilitate businesses but that can not be said about developing and underdeveloped countries.
Sometimes, crowdfunding functions are raised as the easiest method to raise funds but this process is usually marred by lack of trust, transparency and security of funds.
Gratefully, we now have a blockchain company called Acorn that can offer a transparent crowdfunding service to startups especially in the developing countries. These new companies and entrepreneurs are confident of assessing funds to run and grow their business while dodging the repressive effects of obtaining loans from banks and other financial institutions with high commission fees, interest rates and unreasonable payback conditions.
WHAT IS ARCON
Arcon is a blockchain based crowndfunding company aimed at helping startup businesses and SMEs to access funds through crowdfunding. It is open and distributed on to blockchain. It offers transparency and trust to businesses owners and investors.
WHAT DOES ACORN OFFER
1.Accessibilty : Arcon is open and accessible to all interested businesses owners seeking funds for establishment or growth. Another interesting merits of Acorn is that is free and charges nothing, this is in a bid to encourage and promote businesses.
2.Project Success
Crowndfunding campaign or companies can subscribe to Acorns Crowdfunding ending to improve its success rate. Acorn has the market statistics and history of backers with interest trends on successful campaigns.
3:Tranparancy
This is an important part of Crowdfunding. The backers are individuals or companies run by humans and humans are innate with trust issues as regards to their investment and spending. Acorn is blockchain based and thus with a transparent feature to provide clarity in transactions and engagements on the platform.
4:Incentivised Platform
This feature has psychological advantages as it induces and encourages investors. Backers are aware that the system is trust worthy and can be rewarded though the Oak tokens for investment in a desirable and profitable project in the system. This also markets the ecosystem and improves the sustainability of businesses around the globe.
Conclusively, we are looking at the best and rewarding blockchain project inclined to the needs of the Small businesses and entrepreneurs in the developing world handicapped by the pressing challenges of obtaining funds to start and grow their businesses to a sustainable scale. Acorn has indeed extended a helping hand by throwing its down open, finding right and trust worthy backers for every business while incentivizing the whole process to make it a fulfilling campaign.
Kindly visit the links below to know more about Acorn:
Visit the website : https://aco.ai
Follow on Twitter: https//twitter.com/acoCollective
Join Facebook: https://facebook.com/TheAcornCollectiveICO
Bitcointalk ANN thread :
https://bitcointalk.org/index.php?topic=2470481.0
Writer's name: Chudi
Writer's email: chudidonas@gmail.com