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.