Polimec, New Decentralized Funding Protocol, Debuts on Polkadot Network (DOT)

  • Polimec, a decentralized and community-driven funding protocol designed to transform how Web3 projects raise capital and issue tokens, has officially launched on Polkadot.
  • Polimec offers a transparent, regulatory-compliant environment that connects investors and startups on a global scale.
  • “Polimec enables emerging web3 projects, focused on the Polkadot ecosystem, an opportunity to achieve their funding goals. This will maximize their prospects of developing transformative blockchain solutions and increasing adoption by solving real-world problems,” reads the statement.

Explore how Polimec is revolutionizing Web3 fundraising with its community-driven, transparent, and regulatory-compliant platform on Polkadot.

Community-Driven Web3 Fundraising

According to a statement shared with CryptoPotato, Polimec represents a significant advancement in Web3 fundraising engagement. The platform enables community members to assess and support innovative projects, driving the future of decentralized initiatives.

Regulatory Compliance and Decentralization

Polimec maintains the core of decentralization for Web3 while ensuring compliance with regulatory standards. To participate, users must obtain a Deloitte KYC Credential, which, upon eligibility, grants access to funding information, project evaluations, and the ability to join funding rounds.

The Evaluation Round

The Evaluation Round is a 28-day period during which evaluators conduct due diligence on a project by examining its whitepaper, team, tokenomics, and more.

Stakeholder Engagement and Tokenomics

Evaluators must bond their PLMC tokens to show support for a project. If 10% of the target funding amount is bonded, the project moves to the Funding Round. Once bonded, PLMC tokens are locked until the funding round is either completed or canceled.

Conclusion

This innovative approach not only enhances the transparency and integrity of project evaluations but also empowers the community to shape the future landscape of Web3 development.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

US Bitcoin Spot ETFs Record $51.3M Net Outflow on Sept 18 — BlackRock’s BIT +$149.7M vs Fidelity’s FBTC -$116M

COINOTAG reported on September 18, citing Farside Investors data,...

Ethereum (ETH) Whale Buys 25,000 ETH for $112.34M in USDC at $4,493 Following Fed 25bp Rate Cut

On September 18, COINOTAG News reported, citing LookIntoChain monitoring,...

Whale Profits $74.92M Scalping ETH — Buys 18,000 ETH with $80.77M USDC via Wintermute, Sparking Rebound to $4,600

COINOTAG reported on September 18 that on-chain analyst yujin...

BlockBeats: ‘Buddy’ Holds 20,400 ETH Longs — $4.23M Floating Profit Across ETH, PUMP & HYPE (Sep 18)

COINOTAG reported on September 18 that monitoring data from...

Vitalik Defends Ethereum’s 45-Day ETH Staking Withdrawal Rule: “Friction Upon Exit Is Inherent”

COINOTAG reported on September 18 that Ethereum co-founder Vitalik...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img