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.
spot_imgspot_imgspot_imgspot_img

Latest News

Dogecoin (DOGE) Poised for Major Surge This Year, Predicts Analyst Altcoin Sherpa

Dogecoin (DOGE) garners attention with predictions of...

Ripple’s XRP Faces Uncertainty Amid SEC Lawsuit: Can It Surpass Ethereum?

Ripple’s XRP recently saw a significant downturn,...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Covalent (CQT) Coin: Comprehensive Blockchain Data Analysis and Future Price Predictions

Covalent emerges as a groundbreaking software integrating...

MOCA Coin: An In-Depth Look at Its Potential and Latest Price Analysis

MOCA Coin, LayerZero v2 protokolünde geliştirilen ve...

Ethereum Price Analysis: Potential Drop to $2,700 as Resistance Holds Strong

Ethereum's price trajectory has seen significant volatility,...

Bitcoin Price Analysis: Is BTC Poised for a Breakout Despite Current Downtrend?

Bitcoin's recent price movements have left many...

XX Coin: An In-Depth Analysis of its Privacy, Security Features, and Price Predictions

In today's rapidly evolving digital landscape, new...
Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
spot_imgspot_imgspot_imgspot_img

German Government’s Complete BTC Sell-Off Sparks Questions as Bitcoin Sees 2% Price Hike

In a surprising development, Bitcoin’s price increased by 2% over the last week, despite remaining below the critical $60,000 threshold. ...

Elon Musk’s Alleged Financial Support for Donald Trump’s 2024 Re-Election Campaign Sparks Controversy

Recent developments have surfaced regarding Elon Musk's financial support for the re-election campaign of former U.S. President Donald Trump. ...

Dogecoin (DOGE) Poised for Major Surge This Year, Predicts Analyst Altcoin Sherpa

Dogecoin (DOGE) garners attention with predictions of a significant surge despite its current downtrend. Analysts see potential bullish reversals in major...