Revolutionizing the way Web3 projects raise capital and issue tokens, Polimec has recently debuted on the Polkadot network. This decentralized and community-driven funding protocol aims to provide a transparent and regulatory-compliant environment for connecting investors and startups globally. The launch of Polimec marks a significant step forward in Web3 fundraising engagement, offering an avenue for community members to evaluate and support innovative projects that drive the decentralized initiatives of the future.
While maintaining the core principles of decentralization for Web3 projects, Polimec ensures compliance with regulatory standards. To participate in the platform, users are required to obtain a Deloitte KYC Credential, granting them access to funding information, project evaluations, and the ability to join funding rounds. By providing a platform for single or multiple funding rounds, Polimec offers flexibility for both project teams and investors, with governance managed by PLMC token holders, an on-chain council, and a technical committee.
The protocol operates through an Evaluation Round, a 28-day period during which evaluators conduct due diligence on a project by analyzing its whitepaper, team, tokenomics, and more. Evaluators must bond their PLMC tokens to express support for a project, initiating the move to the Funding Round once 10% of the target funding amount is bonded. Throughout the funding round, bonded PLMC tokens are locked until the completion or cancellation of the round, with evaluators receiving rewards for successful evaluations and facing penalties for unsuccessful assessments.
Apillon, an infrastructure solution for Web3 developers, is the first project to be featured on Polimec. Following Apillon, projects such as Mandala Chain, Gotem, and ImpactScope are set to engage in fundraising on the platform. Polimec aims to enhance value creation for Web3 projects by enabling diverse stakeholders to participate in funding rounds, ultimately reducing information asymmetry between participants and issuers to expand their community and drive innovation in the blockchain space.
By leveraging the capabilities of Polkadot and offering a new approach to fundraising and token issuance, Polimec is poised to revolutionize the Web3 funding landscape. With its focus on decentralization, compliance, and community-driven governance, Polimec stands out as a platform that is paving the way for the future of decentralized finance and innovation in the Web3 ecosystem.