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#Blockchain, #Finance All projects

Acudeen: Ecosystem for Movable Assets

We allow businesses to sell their receivables to our network of investors enabling them to receive funds ahead of time

stage Ended crowdsale

3.9 Rating

by 5 users


    KPLs

    • Employees60

    Traction

    December, 2016

    Winner Seedstar Manila
    Winner Start Up Summit
    Winner Tech in Asia

    December, 2017

    Winner Seedstars World
    Best Fintech Founder Institute
    Named Top 10 Fastest Growing Fintechs in the Philippines by IDC


    Team

    9
    man Jesus Januario 'JJ' Atencio

    Chairman

    JJ Atencio was the former president and chief executive of 8990 Holdings, one of the biggest housing developers in Asia. He was appointed as chairman in 2018 to instill good governance in the company. Founder of Januarius Holdings, Inc and Original Pitch Venture Capital.

    man Mario Jordan 'Magellan' Fetalino

    CEO

    Mario Jordan "Magellan" Fetalino III is the Founder and CEO of Acudeen Technologies. He has a vast experience in business management, crafting business strategies for two industry awarded business firms in the Philippines and in Hong Kong. He is currently taking up his Masters in Entrepreneurship of the Ateneo Graduate School of Business, Philippines. He is also an alumnus of the Founder Institute

    man Mario Salazar

    CTO

    Mariohasover10yearsofexperienceinRemittance,Anti-Money Laundering, Credit Application, and IOT. He led various software development initiatives with the Philippine National Bank, Accenture, and National Computer System (NCS) – a technical solution provider to the DevelopmentBankofSingapore. Mariois analumnus of the FounderInstitute.

    man Yacine Derradji

    CDO

    Yacine is in charge of developing client relationships and strategic business partnerships. He graduated from the European Business School and worked for Wendel Investissement and Bank of New York Mellon.

    man Malaya 'Aya' Laraya

    CRO

    Malaya “Aya” is a Certified Securities representative, a Certified Investment Company representative, and has graduated with an MBA from University of Western Australia. Hebrings 25+ yearsof finance and investment experience with the Philippine Stock Exchange.

    Jethro De Guzman

    Blockchain System Engineer

    Manuelito Benedicto Benitez

    Financial Controller

    Dan Kalinga Token

    Sale Marketing Team Lead

    Russ Malangen

    Token Sale Content and Technology Strategist


    Investors

    1

    Sandeep Chandiramani

    Selected Investor


    Advisors

    13
    man Gregor Arn Fintech

    Partner and Project Manager

    Fintech Entrepreneur and cross-border payments expert

    man Simon Cocking

    International Blockchain Community Advisor

    Editor in Chief of CryptoCoin.news, Board member of Ventureon

    man Atty. Anthony

    Abad Legal Advisor

    Partner at Abad, Alcantara and Associates, Anchor for Bloomberg Philippines

    man Tridbodi Arunanondchai Thai

    Market and Blockchain Advisor

    CEO and Founder of Moneytable, Limited Partner in Kejora Ventures

    man Nizam Ismail

    Singapore Legal Advisor

    Former Deputy Director and Head of the Market Conduct Policy Division of the Monetary Authority of Singapore

    Butch Raquel

    Communication and Media Advisor

    Atty. Rafael Padilla

    Legal Advisor

    Genevieve Heng Myanmar

    Market Advisor

    Josephine Price Myanmar

    Market Advisor





    Crowdsale details

    Distribution of tokens
    • Crowdsale (55%)
    • Community Pool (1%)
    • Bounty&Referrals (4%)
    • Future Development Pool (25%)
    • Team Pool (15%)
    Budget allocation
    • Business Development (10%)
    • Market Expansion (30%)
    • Product & Tech Development (45%)
    • Operations & Legal (15%)
    Details Indicators
    Token Symbol ACU
    Full Token Name ACU Token
    Pre-crowdsale Start May 11th, 00:00 GMT+03:00
    Pre-crowdsale End May 25th, 00:00 GMT+03:00
    Crowdsale Start May 27th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or June 10th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $35000000
    Crowdsale Soft Cap Yes, $10000000
    Domain owner Individual

    Cost of the token

    1 token for 0.01 $

    Price without discounts

    Bonuses

    Crowdsale
    Bonus Dates Minimum purchase amount
    25% May 27 — 29, 2018
    15% May 30 — June 03, 2018


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    5
    Alexandr Gonchar July 29, 2018
    Rating of project
    4.7

    Advantages

    The Acudeen project arose from the vision of the founders of the company to create a financially inclusive environment for non-banking and micro, small and medium-sized enterprises of small banks (MSME) in emerging markets. The project enables enterprises to sell their receivables to a network of investors, allowing them to receive funds in advance
    This is a decentralized ecosystem that unites all parties involved in the transfer of ownership of movable assets. This includes a common market for the sale and purchase of movable assets, identification aspects (KYC), risk assessment, transfer of ownership, transfer of funds and fees. With a full understanding of the risks associated with the transaction and monitoring the key processes associated with the flow of money, Acudeen can provide a safe and credible environment for all market participants.

    Risks and disadvantages

    There are few minuses in the project and it is still difficult to say with what difficulties the team may face in the future. The project has been working since 2016, which means that there are practical results and good results, on the other hand, the decentralized nature of the company can create an unexpected problem for its creators at any time.

    Comments

    I think that this project will be successful to be popular with customers, especially given the specifics of the Asian market on which this company is already operating. Micro loans and small transfers are extremely popular in this region and crypto-currency technologies with their small fees will be just the way to solve all these issues.

    Denys Serhiichuk May 09, 2018
    Rating of project
    3.0

    Advantages

    Detailed Whitepaper with tables and graphs. In addition, there is also One-page paper, where the basic features of the platform are highlighted. The project has been widely discussed on different media channels, like Forbes and BusinessWorld.

    Risks and disadvantages

    Roadmap is not clear enough as it does not contain dates when each step of development is described. It would be difficult to get the whole idea of the project without its demo version. Unfortunately, Acudeen does not have such.

    Comments

    The platform has not partnership with companies yet, which means that there is no guarantee that it will be implemented in life. I would not rush invest in the following ICO before any practical steps are made.

    Jordan Semanda May 08, 2018
    Rating of project
    2.7

    Advantages

    A project with a reliable press team is more likely to succeed in the market. The recent achievement in terms of traction as shown in the project will enable the platform to perform excellently as it has done before. More investors will come through for the ICO because it is offering bonuses for the early buyers.

    Risks and disadvantages

    The advisors do not have experience in the field of ICO and cryptocurrency so the success is inevitably limited because when it comes to making crucial decisions.

    Comments

    The business module is good and relevant in the market. And with the number of people on the various social media pages awareness will also be created.

    William Anderson May 08, 2018
    Rating of project
    4.2

    Advantages

    The press team is dynamic and reliable this means that a remarkable job about creating a legit image for the project shall be achieved. The team has been successful in the past as regard to the provided information so that means the relevance of this project has been acknowledged on a competition level.

    Risks and disadvantages

    The delay in carrying out the activities listed in the roadmap will hinder the profitability because over time laws and market structures change. More information on the tokenisation economy is required for the clear guidance of investors on weather they should get involved or not

    Comments

    Most of the criterias for prosperity of the project have been mate and this will bring in many investors to join an organised venture because its more profitable.

    Elish Jah May 07, 2018
    Rating of project
    4.8

    Advantages

    Bright idea. Already proven model as they have helped over 400 SMEs liquidate their receivables. Impressive team with profound experience. Great line-up of investors. Amazing token economics for long term value creation. Rapid growth in existing countries and future expansion. The project has already won some awards and was rated as "top". Acudeen has all the usual channels to get their message out, including Bitcointalk. Clear and Well-though White Paper and Website. Excellent Press Coverage.

    Risks and disadvantages

    Roadmap does not have specific dates. Social platforms' numbers are not spectacular.

    Comments

    Overall, the project is great! Such a great Team behind Acudeen is to turn the company into a massive market player to provide access to financing micro business in the future.


    FAQ

    ICO specific FAQs:

    When is the pre-sale ICO/Token Sale?

    Instead of a public pre-sale, we are using a tiered approach with different bonus applied based on when the contribution happens (the earlier, the higher the bonus). Our private sale is currently ongoing and lasts until 6 May (min contributions of $100k+, email us at [email protected] for more details).

    When is the public sale?

    The Public Sale will start on 27 May 2018 at 6:00 PM Singapore Time (UTC+8) and will end on 10 June 2018 5:59 PM Singapore Time (UTC+8) unless the hard cap of US $35m is reached prior to that.

    How many tokens will be released/generated?

    There will be a maximum amount of 10,000,000,000 ACU tokens created.

    What is the purpose of the token sale?

    An Initial Token Sale is an event in which a new blockchain-based project sells a certain percentage of its tokens to early adopters and enthusiasts in exchange for funding in the form of cash or different cryptocurrencies depending on the platform it is being launched on.

    Is the Platform mining coins?

    No, ACU Tokens are pre-mined. They are primarily utility tokens which will be used on our platform and therefore they do not need to be mined.

    How do you participate in the pre-sale/public sale/toke sale?

    You may sign up via https://tokensale.acudeen.io and we will get in touch with you shortly for our whitelisting process.

    Is there a minimum/maximum number of tokens that can be purchased per individual?

    Yes. There is a minimum purchase worth of 100 XLM tokens ( approximately 2,000 ACU based on $0.20/XLM). There is no maximum number of tokens that can be purchased per individual.

    Is there a maximum (hard cap)/minimum (soft cap) to be raised?

    Our Soft Cap is $10,000,000 and our Hard Cap is $35,000,000.

    How many tokens will be available during the ICO/Token Sale?

    We will offer 55% of all ACU tokens to be created for purchase by the public in the Acudeen Initial Token Sale. 3.5BN will be allocated for the sale while the rest will be for the community.

    What is the price of the token during token sale?

    Each ACU token will be sold for US $0.01, meaning US $1 will give you 100 ACU tokens.

    Is there a KYC or AML check for the token sale?

    Yes. All investors must undergo and pass anti-money laundering and counter-terrorist financing (AML/CTF) requirements.

    Are there any restrictions on who can participate?

    Yes. Our token sale is not available to countries and territories which deem this type of activity to be unlawful or illegal in their areas of jurisdiction. It is also understood that there are risks involved (detailed in the Whitepaper) when placing funds in a token sale such as ours.

    Is there a bounty campaign?

    4% of ACU tokens issued will be allocated to the Bounty & Referral Pool and distributed amongst community members who help raise awareness for Acudeen’s Initial Token Sale. You may view our mechanics on the referral program page.

    What happens when hard cap/soft cap is not achieved?

    In case of total aggregate sales falling below US $10,000,000 (soft cap), all amounts will be returned to the purchasers.

    How can you purchase the token?

    The tokens may be purchased by participating in our ICO/Initial Coin Offering during private sale or public sale.

    What technology will the token be built on?

    The ACU token is built over Stellar.

    Where do you see return for ICO investors?

    ACU tokens will be used to access the ACU system. One way to get returns on this exercise is to use it and become funders (customers) in the platform to buy receivables and other movable assets where they earn from discounts. The token cost to use the platform will increase once the token function is live.
    The token will be listed in different exchanges. The value of the token, given its limited supply, will fundamentally increase in value as the usage of the token increases. By expanding the product suite (other movable assets) and by expanding the market reach (bringing Acudeen ecosystem to other countries), we are able to increase the utility of the token. The numbers behind this is briefly explained in Chapter 7 of the Whitepaper.

    By purchasing during the private sale, they get an advantage of having a 50% bonus tokens.

    How will the raised funds be used?

    The funds raised will be used to further develop our AssetChain Platform, forge partnerships and produce new features along the way. For more detailed information, please refer to Section 6.5 of the Whitepaper.

    What will happen to unsold tokens?

    The tokens will be retained for a second coin offering.

    Which wallet should I use?

    There are several wallets to choose from that are compatible with Stellar-based coins. See our guide.

    For General Inquiries:

    What is the product/service?

    The ACU Token is a utility token to be consumed on the AssetChain Platform, Acudeen’s decentralized ecosystem for movable assets. The tokens are used to upload invoices and other movable assets onto our permissioned blockchain and sell them to financial institutions at a discounted price or put them up for auction on our marketplace for funders to bid on. They are used as receipts of action on the platform to help deter fraud. This incentivizes users of the platform to act with honesty and utmost integrity.

    For whom is the product?

    The AssetChain system on Acudeen is meant to be a platform for MSMEs in emerging markets in Asia.

    What it can be used for?

    Each action performed on the new Acudeen platform will cost ACU, therefore increasing user integrity by way of placing transaction data on the AssetChain Platform. From uploading invoices, bidding on the marketplace, awarding movable assets to the highest bidder up to completing purchases, ACU’s will be used as receipts should there be any dispute on ownership of assets that arise.

    Traditionally, Acudeen acts as the third party that validates the invoices uploaded and decides when transactions are executed. With ACU, the process is automated and therefore users will have more flexibility by allowing them to schedule when receivables are liquidated.

    How does it differ from others?

    The most obvious question that must be answered when tokenizing various services refers to its use case. Initial Coin Offerings or ICO’s have become the norm for companies to raise funds, but most of them are driven by marketing with no real product to show for. Acudeen has a proven business model with a working platform that has facilitated USD 3 Million worth of invoice purchases to date.

    What problem or unmet need in the market does it solve?

    Receivables, amounts owed to a business, take months at a time to liquidate. With finances being the primary roadblock for MSMEs in any country, Acudeen believes that the key to growth is having immediate access to funds. Within a matter of days, we are able to turn receivables into cash, and with our token sale, we will be able to turn that into mere seconds with distributed ledger technology.

    How does the product differ from centralized/decentralized competition?

    With remote locations across Southeast Asia and complete market dominance in the Philippines, our team knows the ins and outs of the problem that we are solving by heart. We have successfully scaled our product within a very short time span and now we will be focusing on utilizing new technology to address our current shortcomings with the platform in terms of automation.

    More specifically, other blockchain based competitors rely on XBRL for SMEs. This standard is available in more developed markets, but there is no strong application for SMEs in emerging markets. Our acquisition model is not dependent on this system as we utilize a payor and supplier driven approach for our consumer base.

    Why would investors invest on the platform?

    ACU token uses core technology that will shape the future of many different industries. The product is working, the company behind it has good traction and a very good set of partners and all that’s left to do is to integrate the solution to the current system.

    Why should I buy the token?

    For investors, growth is guaranteed. Tokenizing our services allows us to expand geographically, making our marketplace a global selling platform for movable assets.

    For users of the Acudeen platform, our services will be significantly improved. With blockchain, we will not only make it safer for you to transact with other individuals, but also faster, smoother and more transparent.


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