As the personal finance blogger at MillionaireActs.com, before I invest my hard-earned money into something, I see to it that I conduct thorough due diligence. Cryptocurrency is one of the latest craze online nowadays. Some maybe aloof with it since they don’t understand the power of blockchain technology. However, for those who believe in it, the so-called “early adopters”, they reap rewards by having great returns in the future.
There are literally hundreds of ICOs out there. Out of those hundred ICOs, one ICO caught my attention and took part in it — Acudeen ICO or “ACU Tokens”, a UTILITY TOKEN
Here are my top 5 reasons why I purchased ACU Tokens:
List of Rewards and Recognition. Partnerships Established
As a start up company, Acudeen has a list of recognition and awards to boast for. They have received awards in 2016 even when they have not officially operated . These include “Seedstars Philippines National Winner”, “Tech In Asia Tokyo Start-Up Arena: Winner 2016”, and “YES Start Up Summit: National Winner 2016”
In the next year 2017, the series of awards and recognition continued as they formally began operations in January 2017. These include: “Seedstars World Global Winner” held in Switzerland bagging the grand prize of $500,000 and winning the Best Fintech award given by the Founder Institute.
In addition to these rewards and recognition, there have been a lot of partnerships that were established already. These partnerships strengthen Acudeen’s presence as it penetrates various industries. These partnerships include Philippine Chamber of Commerce and Industry, Philippine Exporters Confederation Inc., Philippine Software Industry Association, Federation of Philippine Industries, Philippine Franchise Association, and and Philippine Exporting Industry, among others.
All of these rewards, recognition, and partnerships mean that there will be a brand recall for Acudeen. And brand recall may translate to a lower cost of acquisition for their clients.
One of the metrics that are being considered by investors in any fintech company is a low cost of acquisition to their clients. The lower it is, the better.
Traction
Acudeen is already an existing business which means that there is already a traction. In its annual report for the year ended 2017 which is available for the public to see in its official website Acudeen.com, it lists 1,663 invoices that were purchased in their marketplace with a total of USD 2.4 million worth of receivables.
It was also this time that they have become an internationally recognized startup, being featured on numerous channels such as Entrepreneur Magazine, Forbes, and Bloomberg.
As of today, they have successfully established remote locations in Philippines and Myanmar while holding their regional office in Singapore.
JJ Atencio as the Chairman of the Board
JJ Atencio is the newly installed Chairman of Acudeen. JJ was the former President and CEO of 8990 Holdings, the company whom he helped build from the ground up, without the backing of any conglomerate, to become a key mass housing player and a publicly listed company.
It was reported that he recently unloaded 9.32% of his stake in 8990 Hodlings equivalent to 3.55 billion pesos to concentrate on financial services by buying 100 percent of investment house Ampersand Capital for P305 million to focus on SMEs. This will be a good addition to his venture capital firm Original Pitch Venture Capital which has investments in several startup companies that includes Acudeen, Social Light Inc., Stoked Inc., ServeHappy and StillFresh.
Aside from the Cost of Acqusition of Clients, another thing that investors look at fintech companies is their cost of capital. I think with JJ Atencio on board with his venture capital firms, cost of capital might somehow be managed to be on the low figures.
In addition, as Atencio deepens his involvement into the tech space, he he had signed up to attend Singularity University in Silicon Valley to learn more about stuff like e-commerce, blockchain, artificial intelligence and digital marketing.
Real Use Case
Acudeen partnered with Hong Kong-based digital logistics provider Openport, in facilitating the financing of the first ever movable asset from a small logistics firm through blockchain in the Philippines.
After the partnership, one of OpenPort’s users uploaded a blockchain-enabled invoice amounting to P377,384 on the Acudeen platform and was purchased at a highly competitive price within two hours.
The invoice was successfully verified without the need to interact with the sellers’s payor, showing the potential for ways to provide financing to various SMEs much faster than most solutions now available in the market.
With Blockchain as the catalyst, within two hours, the invoice was sold and the seller was successfully funded. During regular circumstances, it usually takes 21 hours on average to validate an invoice and verify a transaction and much longer for invoices with big amounts such as the one with an OpenPort client.
This proves that there is a pressing need for transparency and visibility in order for both financial institutions and individuals to provide more flexible financing options for SMEs.
Acu Token Staking Model
Unlike the traditional Proof-of-Work (PoW) or ‘mining’ methodology used in distributing and validating tokens/coins based on blockchain technology, The AssetChain Ecosystem uses a Proof-of-Stake (PoS) mechanism in order to encourage further growth and actual utilization of the new blockchain based Acudeen Platform.
Sellers of movable assets will be required to hold a minimum balance of tokens in their wallet in order to be a participant in the system. Sellers who hold large stakes of ACU tokens will also enjoy special privileges and discounts.
A portion of staked tokens would be lost or frozen if fake or fraudulent invoices are submitted to the system. Thus regular sellers who use the platform on an ongoing basis will have a clear financial incentive to hold significant ACU token balances.
Buyers of movable assets will be required to pay a KYC annual fee in order to be participants, which can be waived if a minimum ACU balance is held in their wallet. Buyers who hold large stakes of ACU tokens will also enjoy special privileges and discounts.
This mechanism in place encourages ACU token holders to actively participate in the platform with their stake, and thus clearly defines ACU token as a utility asset to be used on an existing platform upgraded with new technology.
Regular invoice buyers will have a clear financial incentive to hold significant ACU token balances in order to earn higher net returns on their capital. Token staking will be leveraged for efficient relationship management and platform stickiness with our most loyal sellers and buyers.
HOW TO PARTICIPATE IN ACU TOKEN ICO
If you are interested to participate in Acudeen Token’s (ACU Token) public sale, you need to GET WHITE LISTED and HAVE KYC VERIFIED. For those who will participate early in the public sale, they are giving away 25% bonus during the first three days and 15% bonus during the next four days.
WHITELIST NOW BY REGISTERING BELOW
https://tokensale.acudeen.io/portal/register?start=WAAYNXZA
Token Price: $0.01 USD
Payment by: XLM (Stellar Lumens)
Minimum Contribution: 100 XLM
Start of Public Sale: May 27 at 6pm Philippine Time (today)
End of Public Sale: June 10 at 5:59 pm OR when hard cap is reached
Soft Cap: $10,000,000
Hard Cap: $35,000,000
Once you registered and had your KYC verified, please provide a STELLAR WALLET ADDRESS where you can fund your purchase of public sale and where the ACU tokens will be distributed after the end of the public sale on June 10.
❗️❗️IMPORTANT ❗️❗️
Before the tokens are distributed, ensure that
Your wallet accepts ACU as an asset
Your wallet is activated
✅ ACCEPTING ACU as ASSET
Refer to their guide on the token sale portal
Official guide on StellarPort, StellarTerm, and Lobstr wallets: https://tokensale.acudeen.io/media/8b891ee8-b3d4-430f-a023-b3cea49da9c3.pdf
OFFICIAL TELEGRAM ACCOUNT
https://t.me/AcuTokenGroup
WHITEPAPER
https://tokensale.acudeen.io/assets/docs/AssetChain-ACU-whitepaper.pdf
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I think that with those reasons I even participate