Can someoe explain something to me, bit of a dumb@$$ when it comes to this. How will the value of the investment be secured since payment will be in acorns? Say for instance I invest 100 Oak on something but 1 Oak is $10, what happens to the total investment if it drops to $2 the following week?
projects at Acorn will be given the choice about accept funds in Fiat currencies or cryptotoken. The issue of volatility is very topical in the light of events in recent weeks. The probability of a conditional with 10$ to 2$ always exists, as well as the probability to increase from$ 10 to$50.
There is another controversial issue. In addition to investors who finance the project with oak, the problem can arise in people who make a crowdfunding. They will not be able to pay by OAK for the development of their product, and they are interested in immediately selling the received tokens, which will also negatively affect the price. Can there be an explanation from devs?
Can someone gie me an answer on this? This is the only thing stopping me from investing. Putting it simply I would like to know if project is funded in oak and oak decreases in value how does that effect the target of the project?
The situation described by you is absolutely analogous to that as any of us invests in ICO.
For example, when I exchanged my ETH to OAK, its price was about a quarter more expensive than today. Of course, today it is still subject to the exchange of 1600 tokens for one ETH, but ETH was more expensive. And it turns out today OAK I can buy more profitable than a week ago.
What do I want to say by this? We always find ourselves before the choice to invest now or later, or not to invest. These are our risks. And no guarantees. But the project that you decide to give their acorns will obviously have to exchange some of these funds for a fiat currency for to be able to developed their idea. And thus we can say that part of the collected funds probably will be fixed in a fiat currency.